<PAGE>
- - --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 6, 1996
Advanta Mortgage Loan Trust 1996-4
------------------------------------------------------
(Exact name of registrant as specified in its charter)
New York 33-99510 Application Pending
- - ---------------------------- ----------- -------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
c/o Advanta Mortgage Conduit 92127
Services, Inc. -------------------
Attention: Milton Riseman (Zip Code)
16875 West Bernardo Drive
San Diego, California
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code (619) 674-1800
- - --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
- - --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
In connection with the offering of Advanta Mortgage Loan Trust 1996-4
Mortgage Loan Asset-Backed Certificates, Series 1996-4, described in a
Prospectus Supplement dated as of December 6, 1996, certain "Computational
Materials" within the meanings of the May 20, 1994 Kidder, Peabody No-Action
Letter and the February 17, 1995 Public Securities Association No-Action Letter
were furnished to certain prospective investors (the "Related Computational
Materials").
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibit 99.1. Related Computational Materials (as defined in Item 5
above).
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANTA MORTGAGE LOAN TRUST 1996-4
By: Advanta Mortgage Conduit Services,
Inc., as Sponsor
By: S/ Mark T. Dunsheath
----------------------------------
Name: Mark T. Dunsheath
Title: Vice President
Dated: December 6, 1996
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
- - ----------- ----------- --------
99.1 Related Computational 5
Materials (as defined
in Item 5 above).
<PAGE>
EXHIBIT 99.1
<PAGE>
Financial Strategies 12/05/96 03:14:25 pm Prudential Securities
Group Excess Spread Analysis Incorporated
ADVANTA HOME EQUITY LOAN TRUST 1996-4 A2
Deal ID : ADV64 CUSIP :
Class : A2 Bond Type : CUR FLT LIBOR-1M
Settlement : 12/19/96 Maturity : 12/25/26
Price : 100-00 LIBOR-1M : 5.56250
Int. Shortfall Reimbursement : No
- - --- Calculations are based on collateral net coupons and 30/360 day counting ---
Scenario DI 300 DI 200 DI 100 NC UI 100 UI 200 UI 300
--------- --------- --------- --------- --------- --------- ---------
.**********%
01/25/97 2.111 2.111 2.111 2.111 2.111 2.111 2.111
02/25/97 6.923 5.927 4.979 4.019 3.019 2.019 1.019
03/25/97 6.885 5.895 4.977 4.047 3.055 2.055 1.055
04/25/97 6.829 5.866 4.998 4.100 3.108 2.108 1.108
05/25/97 6.805 5.841 5.040 4.174 3.183 2.183 1.184
06/25/97 6.751 5.801 5.081 4.267 3.276 2.278 1.279
07/25/97 6.692 5.755 5.100 4.358 3.367 2.370 1.372
08/25/97 6.698 5.758 5.098 4.367 3.426 2.431 1.435
09/25/97 5.953 5.010 4.347 3.615 2.695 1.716 0.722
10/25/97 5.943 5.011 4.346 3.631 2.747 1.770 0.777
11/25/97 5.945 5.011 4.345 3.668 2.822 1.845 0.853
12/25/97 5.946 5.010 4.345 3.702 2.915 1.939 0.947
01/25/98 5.913 4.999 4.423 3.865 3.157 2.191 1.196
02/25/98 5.913 4.999 4.423 3.865 3.154 2.234 1.256
03/25/98 5.913 4.998 4.423 3.865 3.151 2.243 1.289
04/25/98 5.913 4.997 4.423 3.864 3.159 2.290 1.339
05/25/98 5.913 4.996 4.423 3.862 3.187 2.359 1.411
06/25/98 5.913 4.996 4.423 3.861 3.208 2.444 1.498
07/25/98 5.913 4.995 4.423 3.860 3.204 2.484 1.578
08/25/98 5.913 4.995 4.423 3.859 3.199 2.474 1.601
09/25/98 5.913 4.995 4.423 3.858 3.194 2.462 1.596
10/25/98 5.913 4.994 4.423 3.857 3.190 2.456 1.632
11/25/98 5.900 4.982 4.453 3.950 3.348 2.654 1.859
12/25/98 5.900 4.982 4.453 3.950 3.346 2.662 1.933
01/25/99 5.900 4.982 4.453 3.949 3.417 2.806 2.112
02/25/99 5.900 4.982 4.453 3.949 3.414 2.797 2.095
03/25/99 5.900 4.982 4.453 3.948 3.411 2.787 2.078
04/25/99 5.900 4.981 4.453 3.948 3.408 2.777 2.061
05/25/99 5.900 4.981 4.454 3.947 3.404 2.811 2.126
06/25/99 5.900 4.981 4.454 3.947 3.402 2.801 2.118
07/25/99 5.900 4.981 4.454 3.947 3.399 2.792 2.102
08/25/99 5.900 4.981 4.454 3.946 3.397 2.783 2.087
09/25/99 5.900 4.980 4.454 3.946 3.394 2.774 2.071
10/25/99 5.872 4.954 4.441 3.949 3.413 2.808 2.099
11/25/99 5.793 4.877 4.366 4.004 3.655 3.272 2.584
12/25/99 5.793 4.877 4.366 4.004 3.653 3.268 2.575
01/25/00 5.793 4.877 4.366 4.003 3.652 3.264 2.627
02/25/00 5.793 4.876 4.365 4.003 3.651 3.260 2.618
03/25/00 5.793 4.876 4.365 4.003 3.649 3.255 2.608
04/25/00 5.793 4.876 4.365 4.003 3.648 3.250 2.599
05/25/00 5.793 4.876 4.365 4.003 3.647 3.245 2.780
06/25/00 5.793 4.876 4.365 4.003 3.646 3.241 2.772
07/25/00 5.793 4.875 4.364 4.003 3.645 3.238 2.765
08/25/00 5.793 4.875 4.364 4.003 3.644 3.233 2.756
09/25/00 5.793 4.875 4.364 4.003 3.643 3.229 2.745
10/25/00 5.793 4.875 4.364 4.003 3.642 3.225 2.751
11/25/00 5.793 4.874 4.364 4.002 3.642 3.221 2.742
12/25/00 5.793 4.874 4.363 4.002 3.641 3.217 2.733
01/25/01 5.793 4.874 4.363 4.002 3.640 3.214 2.725
02/25/01 5.793 4.873 4.363 4.002 3.639 3.210 2.716
03/25/01 5.793 4.873 4.363 4.002 3.639 3.207 2.706
04/25/01 5.793 4.873 4.363 4.002 3.638 3.204 2.697
05/25/01 5.671 4.753 4.245 4.046 3.850 3.430 2.938
06/25/01 5.671 4.753 4.245 4.046 3.850 3.429 2.932
07/25/01 5.671 4.753 4.245 4.046 3.850 3.427 2.926
08/25/01 5.671 4.752 4.245 4.046 3.850 3.426 2.921
09/25/01 5.671 4.752 4.245 4.046 3.850 3.425 2.917
10/25/01 5.671 4.752 4.244 4.046 3.849 3.424 2.914
11/25/01 5.671 4.751 4.244 4.045 3.864 3.634 3.164
12/25/01 5.403 4.494 4.115 4.077 4.077 4.017 3.594
01/25/02 5.403 4.494 4.115 4.077 4.077 4.017 3.593
02/25/02 5.403 4.494 4.115 4.077 4.077 4.017 3.592
03/25/02 5.403 4.494 4.115 4.077 4.077 4.016 3.592
04/25/02 5.403 4.493 4.115 4.077 4.077 4.017 3.593
05/25/02 5.403 4.493 4.115 4.077 4.077 4.017 3.783
06/25/02 5.403 4.493 4.115 4.077 4.077 4.076 4.009
07/25/02 5.403 4.493 4.115 4.077 4.077 4.076 4.009
08/25/02 5.403 4.493 4.115 4.077 4.077 4.076 4.009
09/25/02 5.403 4.492 4.114 4.077 4.077 4.076 4.009
10/25/02 5.403 4.492 4.114 4.076 4.077 4.076 4.009
11/25/02 5.403 4.492 4.114 4.076 4.077 4.076 4.009
12/25/02 5.403 4.492 4.114 4.076 4.076 4.076 4.079
01/25/03 5.403 4.492 4.114 4.076 4.076 4.076 4.079
02/25/03 5.403 4.491 4.114 4.076 4.076 4.076 4.078
<PAGE>
03/25/03 5.403 4.491 4.114 4.076 4.076 4.076 4.078
04/25/03 4.491 4.114 4.076 4.076 4.076 4.078
05/25/03 4.491 4.114 4.076 4.076 4.076 4.078
06/25/03 4.491 4.114 4.076 4.076 4.076 4.078
07/25/03 4.490 4.114 4.075 4.076 4.076 4.078
08/25/03 4.490 4.114 4.075 4.076 4.076 4.078
09/25/03 4.490 4.113 4.075 4.076 4.076 4.078
10/25/03 4.490 4.113 4.075 4.076 4.076 4.078
11/25/03 4.113 4.075 4.075 4.075 4.078
12/25/03 4.113 4.075 4.075 4.075 4.077
01/25/04 4.113 4.075 4.075 4.075 4.077
02/25/04 4.113 4.075 4.075 4.075 4.077
03/25/04 4.113 4.074 4.075 4.075 4.077
04/25/04 4.113 4.074 4.075 4.075 4.077
05/25/04 4.113 4.074 4.075 4.075 4.077
06/25/04 4.113 4.074 4.075 4.075 4.077
07/25/04 4.113 4.074 4.075 4.075 4.077
08/25/04 4.113 4.074 4.074 4.075 4.077
09/25/04 4.074 4.074 4.075 4.077
10/25/04 4.074 4.074 4.074 4.076
11/25/04 4.074 4.074 4.074 4.076
12/25/04 4.073 4.074 4.074 4.076
01/25/05 4.073 4.074 4.074 4.076
02/25/05 4.073 4.074 4.074 4.076
03/25/05 4.073 4.074 4.074 4.076
04/25/05 4.073 4.074 4.074 4.076
05/25/05 4.073 4.073 4.074 4.076
06/25/05 4.073 4.073 4.074 4.076
07/25/05 4.073 4.073 4.074 4.076
08/25/05 4.072 4.073 4.073 4.075
09/25/05 4.072 4.073 4.073 4.075
10/25/05 4.073 4.073 4.075
11/25/05 4.073 4.073 4.075
12/25/05 4.073 4.073 4.075
01/25/06 4.072 4.073 4.075
02/25/06 4.072 4.073 4.075
03/25/06 4.072 4.073 4.075
04/25/06 4.072 4.073 4.075
05/25/06 4.072 4.072 4.074
06/25/06 4.072 4.072 4.074
07/25/06 4.072 4.072 4.074
08/25/06 4.072 4.072 4.074
09/25/06 4.071 4.072 4.074
10/25/06 4.072 4.074
11/25/06 4.072 4.074
12/25/06 4.072 4.074
01/25/07 4.071 4.074
02/25/07 4.071 4.073
03/25/07 4.071 4.073
04/25/07 4.071 4.073
05/25/07 4.071 4.073
06/25/07 4.071 4.073
07/25/07 4.071 4.073
08/25/07 4.071 4.073
09/25/07 4.070 4.073
10/25/07 4.070 4.072
11/25/07 4.070 4.072
12/25/07 4.070 4.072
01/25/08 4.070 4.072
02/25/08 4.072
03/25/08 4.072
04/25/08 4.072
05/25/08 4.072
06/25/08 4.071
07/25/08 4.071
08/25/08 4.071
09/25/08 4.071
10/25/08 4.071
11/25/08 4.071
12/25/08 4.071
01/25/09 4.071
02/25/09 4.070
03/25/09 4.070
04/25/09 4.070
05/25/09 4.070
06/25/09 4.070
07/25/09 4.070
08/25/09 4.070
09/25/09 4.070
10/25/09 4.069
11/25/09 4.069
12/25/09 4.069
01/25/10 4.069
02/25/10 4.069
03/25/10 4.069
04/25/10 4.069
05/25/10 4.069
<PAGE>
Generic Prepayment Model Used
Exercise call option : Mandatory
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 5.02 5.18 5.38 5.63 5.73 5.89 6.11 6.40 12/04/96
<PAGE>
Financial Strategies 12/06/96 11:51:54 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at NC Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
12/19/96 115,620,000.00 0.00 0.00 0.00 0.00
01/25/97 112,401,938.26 3,218,061.74 688,332.43 0.00 3,906,394.17
02/25/97 109,145,480.05 3,256,458.21 560,659.31 0.00 3,817,117.52
03/25/97 105,910,319.35 3,235,160.70 491,730.71 0.00 3,726,891.40
04/25/97 102,797,703.67 3,112,615.68 528,279.20 0.00 3,640,894.88
05/25/97 99,735,458.96 3,062,244.71 496,213.08 0.00 3,558,457.79
06/25/97 96,855,920.88 2,879,538.08 497,479.08 0.00 3,377,017.16
07/25/97 94,330,815.78 2,525,105.10 467,531.60 0.00 2,992,636.70
08/25/97 91,867,130.02 2,463,685.77 470,520.80 0.00 2,934,206.57
09/25/97 89,463,274.00 2,403,856.01 458,231.97 0.00 2,862,087.98
10/25/97 87,117,941.69 2,345,332.32 431,846.68 0.00 2,777,179.00
11/25/97 84,829,870.84 2,288,070.84 434,543.08 0.00 2,722,613.93
12/25/97 82,597,629.31 2,232,241.54 409,480.86 0.00 2,641,722.39
01/25/98 80,420,811.92 2,176,817.39 411,995.83 0.00 2,588,813.21
02/25/98 78,296,839.67 2,123,972.25 401,137.89 0.00 2,525,110.14
03/25/98 76,224,433.04 2,072,406.63 352,749.01 0.00 2,425,155.64
04/25/98 74,202,343.48 2,022,089.56 380,206.41 0.00 2,402,295.98
05/25/98 72,229,352.62 1,972,990.86 358,180.90 0.00 2,331,171.76
06/25/98 70,304,271.56 1,925,081.06 360,279.01 0.00 2,285,360.07
07/25/98 68,425,940.17 1,878,331.39 339,364.58 0.00 2,217,695.97
08/25/98 66,593,226.36 1,832,713.81 341,307.64 0.00 2,174,021.45
09/25/98 64,805,025.44 1,788,200.92 332,166.09 0.00 2,120,367.01
10/25/98 63,060,259.42 1,744,766.01 312,819.26 0.00 2,057,585.27
11/25/98 61,358,392.49 1,701,866.94 314,543.70 0.00 2,016,410.64
12/25/98 59,697,859.85 1,660,532.64 296,182.07 0.00 1,956,714.71
01/25/99 58,077,660.59 1,620,199.26 297,772.10 0.00 1,917,971.35
02/25/99 56,496,818.00 1,580,842.59 289,690.56 0.00 1,870,533.16
03/25/99 54,954,378.98 1,542,439.02 254,533.86 0.00 1,796,972.88
04/25/99 53,449,413.48 1,504,965.50 274,111.68 0.00 1,779,077.18
05/25/99 51,981,013.96 1,468,399.52 258,004.77 0.00 1,726,404.30
06/25/99 50,548,294.81 1,432,719.15 259,280.58 0.00 1,691,999.73
07/25/99 49,464,079.42 1,084,215.39 244,000.83 0.00 1,328,216.22
08/25/99 48,253,918.69 1,210,160.73 246,726.14 0.00 1,456,886.87
09/25/99 47,073,170.96 1,180,747.73 240,689.88 0.00 1,421,437.60
10/25/99 45,921,139.30 1,152,031.66 227,226.12 0.00 1,379,257.78
11/25/99 44,797,395.88 1,123,743.42 229,054.01 0.00 1,352,797.43
12/25/99 43,700,935.84 1,096,460.04 216,240.76 0.00 1,312,700.80
01/25/00 42,631,130.19 1,069,805.65 217,979.66 0.00 1,287,785.31
02/25/00 41,587,333.24 1,043,796.95 212,643.49 0.00 1,256,440.43
03/25/00 40,568,914.93 1,018,418.31 194,054.01 0.00 1,212,472.31
04/25/00 39,575,260.44 993,654.49 202,357.18 0.00 1,196,011.68
05/25/00 38,605,769.81 969,490.63 191,033.08 0.00 1,160,523.71
06/25/00 37,659,857.58 945,912.22 192,565.04 0.00 1,138,477.27
07/25/00 36,736,952.49 922,905.09 181,787.27 0.00 1,104,692.37
Page 1 of 3
<PAGE>
Financial Strategies 12/06/96 11:51:54 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at NC Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
08/25/00 35,836,497.05 900,455.43 183,243.41 0.00 1,083,698.84
09/25/00 34,957,947.30 878,549.76 178,751.95 0.00 1,057,301.71
10/25/00 34,100,772.39 857,174.90 168,744.92 0.00 1,025,919.83
11/25/00 33,264,454.35 836,318.04 170,094.18 0.00 1,006,412.22
12/25/00 32,448,487.73 815,966.63 160,570.29 0.00 976,536.92
01/25/01 31,652,379.28 796,108.45 161,852.61 0.00 957,961.05
02/25/01 30,875,647.72 776,731.56 157,881.63 0.00 934,613.19
03/25/01 30,117,823.39 757,824.33 139,103.37 0.00 896,927.70
04/25/01 29,378,447.98 739,375.40 150,227.28 0.00 889,602.69
05/25/01 28,657,216.67 721,231.31 141,812.22 0.00 863,043.53
06/25/01 27,953,528.59 703,688.08 142,941.80 0.00 846,629.88
07/25/01 27,266,974.49 686,554.10 134,934.01 0.00 821,488.11
08/25/01 26,597,139.03 669,835.46 136,007.29 0.00 805,842.75
09/25/01 25,943,616.91 653,522.12 132,666.16 0.00 786,188.28
10/25/01 25,306,012.63 637,604.28 125,232.00 0.00 762,836.28
11/25/01 24,683,940.28 622,072.36 126,226.04 0.00 748,298.40
12/25/01 24,077,126.86 606,813.42 119,151.44 0.00 725,964.85
01/25/02 23,485,085.46 592,041.40 120,096.37 0.00 712,137.78
02/25/02 22,907,469.51 577,615.95 117,143.28 0.00 694,759.23
03/25/02 22,343,929.22 563,540.29 103,204.51 0.00 666,744.81
04/25/02 21,794,123.25 549,805.97 111,451.21 0.00 661,257.17
05/25/02 21,257,718.54 536,404.71 105,202.05 0.00 641,606.76
06/25/02 20,734,390.06 523,328.48 106,033.20 0.00 629,361.68
07/25/02 20,223,820.66 510,569.39 100,086.63 0.00 610,656.02
08/25/02 19,725,700.87 498,119.79 100,876.14 0.00 598,995.93
09/25/02 19,239,728.69 485,972.18 98,391.52 0.00 584,363.70
10/25/02 18,765,609.44 474,119.25 92,871.77 0.00 566,991.03
11/25/02 18,303,055.56 462,553.88 93,602.60 0.00 556,156.48
12/25/02 17,851,786.46 451,269.11 88,350.37 0.00 539,619.48
01/25/03 17,411,528.32 440,258.14 89,044.46 0.00 529,302.60
02/25/03 16,982,013.96 429,514.35 86,848.46 0.00 516,362.81
03/25/03 16,562,982.68 419,031.28 76,508.69 0.00 495,539.97
04/25/03 16,154,180.06 408,802.62 82,615.93 0.00 491,418.55
05/25/03 15,755,357.84 398,822.21 77,977.57 0.00 476,799.79
06/25/03 15,366,273.80 389,084.05 78,587.51 0.00 467,671.55
07/25/03 14,986,691.54 379,582.26 74,174.28 0.00 453,756.54
08/25/03 14,616,380.41 370,311.13 74,753.41 0.00 445,064.54
09/25/03 14,255,115.33 361,265.08 72,906.30 0.00 434,171.38
10/25/03 13,902,676.66 352,438.66 68,810.63 0.00 421,249.29
11/25/03 13,558,850.11 343,826.56 69,346.36 0.00 413,172.91
12/25/03 13,223,426.53 335,423.58 65,449.70 0.00 400,873.27
01/25/04 12,896,201.87 327,224.66 65,958.27 0.00 393,182.93
02/25/04 12,576,977.01 319,224.87 64,326.08 0.00 383,550.94
03/25/04 12,265,557.63 311,419.38 58,686.45 0.00 370,105.83
04/25/04 11,961,754.13 303,803.49 61,180.43 0.00 364,983.92
Page 2 of 3
<PAGE>
Financial Strategies 12/06/96 11:51:54 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at NC Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
05/25/04 11,665,381.52 296,372.62 57,740.38 0.00 354,113.00
06/25/04 11,376,259.25 289,122.27 58,186.76 0.00 347,309.03
07/25/04 11,094,211.16 282,048.08 54,914.15 0.00 336,962.24
08/25/04 10,819,065.37 275,145.79 55,337.77 0.00 330,483.57
09/25/04 10,550,654.13 268,411.24 53,965.35 0.00 322,376.59
10/25/04 10,288,813.78 261,840.35 50,928.89 0.00 312,769.24
11/25/04 10,033,384.60 255,429.18 51,320.46 0.00 306,749.64
12/25/04 9,784,210.76 249,173.84 48,431.98 0.00 297,605.82
01/25/05 9,541,140.19 243,070.57 48,803.51 0.00 291,874.08
02/25/05 9,304,024.50 237,115.69 47,591.07 0.00 284,706.76
03/25/05 9,072,718.90 231,305.60 41,917.21 0.00 273,222.81
04/25/05 0.00 9,072,718.90 45,254.60 0.00 9,117,973.50
------------- ------------- ------------- -------------
Totals 115,620,000.0 20,113,849.12 0.00 135,733,849.1
Page 3 of 3
Generic Prepayment Model Used
Exercise call option : Mandatory
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
<PAGE>
Financial Strategies 12/06/96 11:52:20 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at DI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
12/19/96 115,620,000.00 0.00 0.00 0.00 0.00
01/25/97 110,496,081.69 5,123,918.31 688,332.43 0.00 5,812,250.74
02/25/97 105,186,406.28 5,309,675.41 265,704.71 0.00 5,575,380.12
03/25/97 100,067,199.92 5,119,206.36 228,459.03 0.00 5,347,665.39
04/25/97 95,188,522.01 4,878,677.91 240,626.87 0.00 5,119,304.78
05/25/97 91,084,187.68 4,104,334.34 221,511.62 0.00 4,325,845.96
06/25/97 87,144,800.03 3,939,387.65 219,025.84 0.00 4,158,413.49
07/25/97 83,363,678.73 3,781,121.30 202,793.21 0.00 3,983,914.51
08/25/97 79,735,112.69 3,628,566.04 200,460.70 0.00 3,829,026.74
09/25/97 76,252,941.83 3,482,170.86 191,735.26 0.00 3,673,906.12
10/25/97 72,911,105.82 3,341,836.01 177,446.95 0.00 3,519,282.96
11/25/97 69,704,093.75 3,207,012.07 175,325.89 0.00 3,382,337.96
12/25/97 66,626,462.09 3,077,631.66 162,207.23 0.00 3,239,838.89
01/25/98 63,672,728.04 2,953,734.05 160,213.51 0.00 3,113,947.56
02/25/98 60,838,157.43 2,834,570.61 153,110.80 0.00 2,987,681.42
03/25/98 58,117,939.43 2,720,218.00 132,137.10 0.00 2,852,355.09
04/25/98 55,507,457.66 2,610,481.77 139,753.46 0.00 2,750,235.23
05/25/98 53,002,282.30 2,505,175.36 129,170.48 0.00 2,634,345.84
06/25/98 50,598,162.53 2,404,119.77 127,452.09 0.00 2,531,571.86
07/25/98 48,291,019.30 2,307,143.23 117,746.14 0.00 2,424,889.37
08/25/98 46,076,938.40 2,214,080.90 116,123.13 0.00 2,330,204.04
09/25/98 43,952,163.75 2,124,774.65 110,799.04 0.00 2,235,573.69
10/25/98 41,913,091.03 2,039,072.72 102,280.35 0.00 2,141,353.07
11/25/98 39,956,200.19 1,956,890.83 100,786.43 0.00 2,057,677.26
12/25/98 38,078,238.20 1,877,961.99 92,981.41 0.00 1,970,943.40
01/25/99 36,276,019.88 1,802,218.33 91,564.94 0.00 1,893,783.27
02/25/99 34,546,488.71 1,729,531.17 87,231.23 0.00 1,816,762.40
03/25/99 32,886,711.64 1,659,777.07 75,033.05 0.00 1,734,810.12
04/25/99 31,293,874.08 1,592,837.55 79,081.12 0.00 1,671,918.68
05/25/99 29,765,275.13 1,528,598.96 72,823.45 0.00 1,601,422.41
06/25/99 28,298,322.93 1,466,952.20 71,575.15 0.00 1,538,527.35
07/25/99 28,298,322.93 0.00 65,852.56 0.00 65,852.56
08/25/99 28,298,322.93 0.00 68,047.64 0.00 68,047.64
09/25/99 27,307,627.12 990,695.81 68,047.64 0.00 1,058,743.45
10/25/99 26,205,895.25 1,101,731.88 63,547.12 0.00 1,165,279.00
11/25/99 25,148,354.69 1,057,540.55 63,016.08 0.00 1,120,556.63
12/25/99 24,133,498.65 1,014,856.04 58,522.32 0.00 1,073,378.36
01/25/00 23,159,576.45 973,922.20 58,032.68 0.00 1,031,954.89
02/25/00 22,224,936.66 934,639.79 55,690.74 0.00 990,330.53
03/25/00 21,327,994.54 896,942.12 49,995.30 0.00 946,937.42
04/25/00 20,467,229.33 860,765.21 51,286.42 0.00 912,051.64
05/25/00 19,641,181.64 826,047.69 47,628.95 0.00 873,676.63
06/25/00 18,848,451.02 792,730.62 47,230.22 0.00 839,960.84
07/25/00 18,087,693.53 760,757.49 43,861.92 0.00 804,619.40
Page 1 of 2
<PAGE>
Financial Strategies 12/06/96 11:52:20 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at DI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
08/25/00 17,357,619.50 730,074.04 43,494.62 0.00 773,568.66
09/25/00 16,656,991.28 700,628.22 41,739.05 0.00 742,367.27
10/25/00 15,984,621.20 672,370.08 38,762.21 0.00 711,132.28
11/25/00 15,339,369.52 645,251.68 38,437.46 0.00 683,689.14
12/25/00 14,720,142.49 619,227.03 35,695.99 0.00 654,923.02
01/25/01 14,125,890.50 594,251.99 35,396.83 0.00 629,648.82
02/25/01 13,555,606.30 570,284.20 33,967.86 0.00 604,252.06
03/25/01 13,008,323.28 547,283.02 29,442.02 0.00 576,725.05
04/25/01 12,483,113.83 525,209.45 31,280.50 0.00 556,489.95
05/25/01 11,978,914.20 504,199.63 29,049.25 0.00 533,248.87
06/25/01 11,495,076.64 483,837.57 28,805.13 0.00 512,642.70
07/25/01 11,030,759.89 464,316.74 26,750.00 0.00 491,066.74
08/25/01 10,585,176.57 445,583.33 26,525.15 0.00 472,108.47
09/25/01 10,157,571.02 427,605.55 25,453.67 0.00 453,059.22
10/25/01 9,747,218.12 410,352.91 23,637.51 0.00 433,990.42
11/25/01 9,353,421.96 393,796.15 23,438.68 0.00 417,234.83
12/25/01 8,975,103.58 378,318.38 21,766.19 0.00 400,084.58
01/25/02 8,612,107.34 362,996.24 21,582.01 0.00 384,578.25
02/25/02 8,263,768.34 348,339.00 20,709.13 0.00 369,048.13
03/25/02 7,929,495.10 334,273.23 17,948.45 0.00 352,221.68
04/25/02 7,608,720.05 320,775.05 19,067.68 0.00 339,842.74
05/25/02 7,300,898.49 307,821.56 17,706.13 0.00 325,527.69
06/25/02 7,005,507.71 295,390.78 17,556.13 0.00 312,946.90
07/25/02 6,722,046.10 283,461.61 16,302.40 0.00 299,764.01
08/25/02 6,450,032.29 272,013.81 16,164.19 0.00 288,178.00
09/25/02 0.00 6,450,032.29 15,510.09 0.00 6,465,542.38
------------- ------------- ------------- -------------
Totals 115,620,000.0 6,370,440.56 0.00 121,990,440.5
Page 2 of 2
Generic Prepayment Model Used
Exercise call option : Mandatory
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
<PAGE>
Financial Strategies 12/06/96 11:52:29 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at UI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
12/19/96 115,620,000.00 0.00 0.00 0.00 0.00
01/25/97 113,362,741.16 2,257,258.84 688,332.43 0.00 2,945,591.27
02/25/97 111,318,065.76 2,044,675.40 858,305.53 0.00 2,902,980.92
03/25/97 109,220,698.30 2,097,367.46 761,260.96 0.00 2,858,628.42
04/25/97 107,231,244.25 1,989,454.05 826,944.80 0.00 2,816,398.85
05/25/97 105,240,542.03 1,990,702.23 785,692.26 0.00 2,776,394.49
06/25/97 103,298,938.83 1,941,603.19 796,809.76 0.00 2,738,412.95
07/25/97 101,355,028.75 1,943,910.09 756,879.93 0.00 2,700,790.02
08/25/97 99,460,717.12 1,894,311.62 767,391.30 0.00 2,661,702.92
09/25/97 97,592,698.69 1,868,018.44 753,048.86 0.00 2,621,067.30
10/25/97 95,725,427.44 1,867,271.24 715,069.84 0.00 2,582,341.08
11/25/97 93,904,515.66 1,820,911.78 724,767.79 0.00 2,545,679.57
12/25/97 92,081,715.92 1,822,799.74 688,046.21 0.00 2,510,845.95
01/25/98 90,291,627.67 1,790,088.25 697,180.09 0.00 2,487,268.34
02/25/98 88,637,879.92 1,653,747.75 683,626.76 0.00 2,337,374.50
03/25/98 87,084,172.11 1,553,707.81 606,159.99 0.00 2,159,867.80
04/25/98 85,556,221.07 1,527,951.04 659,342.09 0.00 2,187,293.12
05/25/98 84,053,730.76 1,502,490.31 626,877.56 0.00 2,129,367.88
06/25/98 82,576,360.79 1,477,369.97 636,397.65 0.00 2,113,767.61
07/25/98 81,123,607.18 1,452,753.61 605,043.88 0.00 2,057,797.49
08/25/98 79,694,756.10 1,428,851.08 614,212.74 0.00 2,043,063.82
09/25/98 78,289,278.70 1,405,477.40 603,394.46 0.00 2,008,871.86
10/25/98 76,906,994.39 1,382,284.30 573,632.07 0.00 1,955,916.37
11/25/98 75,548,650.37 1,358,344.02 582,287.42 0.00 1,940,631.44
12/25/98 74,212,873.04 1,335,777.33 553,551.26 0.00 1,889,328.59
01/25/99 72,899,841.84 1,313,031.20 561,889.37 0.00 1,874,920.57
02/25/99 71,608,197.31 1,291,644.54 551,947.99 0.00 1,843,592.53
03/25/99 70,337,586.26 1,270,611.04 489,700.61 0.00 1,760,311.66
04/25/99 69,087,672.26 1,249,914.00 532,548.33 0.00 1,782,462.33
05/25/99 67,858,432.19 1,229,240.08 506,211.13 0.00 1,735,451.21
06/25/99 66,649,234.10 1,209,198.09 513,777.87 0.00 1,722,975.96
07/25/99 65,459,705.03 1,189,529.06 488,344.49 0.00 1,677,873.56
08/25/99 64,289,520.67 1,170,184.36 495,616.34 0.00 1,665,800.70
09/25/99 63,138,362.13 1,151,158.54 486,756.50 0.00 1,637,915.04
10/25/99 62,006,142.73 1,132,219.40 462,620.04 0.00 1,594,839.45
11/25/99 60,894,807.15 1,111,335.58 469,468.31 0.00 1,580,803.90
12/25/99 59,801,508.61 1,093,298.53 446,181.33 0.00 1,539,479.86
01/25/00 58,726,201.04 1,075,307.58 452,776.32 0.00 1,528,083.90
02/25/00 57,668,334.78 1,057,866.26 444,634.83 0.00 1,502,501.09
03/25/00 56,627,622.88 1,040,711.90 408,456.00 0.00 1,449,167.90
04/25/00 55,603,783.19 1,023,839.69 428,745.82 0.00 1,452,585.51
05/25/00 54,597,219.52 1,006,563.66 407,413.55 0.00 1,413,977.22
06/25/00 53,606,962.84 990,256.68 413,372.99 0.00 1,403,629.67
07/25/00 52,632,745.16 974,217.68 392,782.68 0.00 1,367,000.37
Page 1 of 4
<PAGE>
Financial Strategies 12/06/96 11:52:29 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at UI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
08/25/00 51,758,701.00 874,044.16 398,499.33 0.00 1,272,543.49
09/25/00 50,921,203.83 837,497.17 391,881.66 0.00 1,229,378.83
10/25/00 50,097,321.55 823,882.28 373,103.90 0.00 1,196,986.18
11/25/00 49,286,763.63 810,557.92 379,302.82 0.00 1,189,860.75
12/25/00 48,489,318.06 797,445.56 361,128.22 0.00 1,158,573.79
01/25/01 47,704,769.75 784,548.31 367,128.12 0.00 1,151,676.43
02/25/01 46,932,907.17 771,862.58 361,188.05 0.00 1,133,050.63
03/25/01 46,173,522.32 759,384.84 320,955.90 0.00 1,080,340.74
04/25/01 45,426,410.70 747,111.63 349,594.49 0.00 1,096,706.11
05/25/01 44,692,439.52 733,971.18 332,843.10 0.00 1,066,814.28
06/25/01 43,970,200.14 722,239.38 338,380.74 0.00 1,060,620.11
07/25/01 43,259,618.80 710,581.34 322,173.32 0.00 1,032,754.66
08/25/01 42,560,504.64 699,114.16 327,532.39 0.00 1,026,646.56
09/25/01 41,872,669.98 687,834.66 322,239.18 0.00 1,010,073.84
10/25/01 41,195,930.27 676,739.71 306,804.54 0.00 983,544.25
11/25/01 40,530,949.38 664,980.88 311,907.55 0.00 976,888.43
12/25/01 39,878,317.35 652,632.04 296,973.64 0.00 949,605.68
01/25/02 39,236,001.92 642,315.43 301,931.48 0.00 944,246.91
02/25/02 38,604,025.20 631,976.72 297,068.30 0.00 929,045.02
03/25/02 37,982,218.24 621,806.97 263,997.92 0.00 885,804.88
04/25/02 37,370,414.88 611,803.36 287,575.51 0.00 899,378.87
05/25/02 36,768,977.37 601,437.51 273,816.14 0.00 875,253.65
06/25/02 36,177,821.90 591,155.47 278,389.67 0.00 869,545.14
07/25/02 35,596,090.79 581,731.11 265,077.92 0.00 846,809.03
08/25/02 35,023,704.36 572,386.43 269,509.37 0.00 841,895.80
09/25/02 34,460,510.15 563,194.21 265,175.65 0.00 828,369.87
10/25/02 33,906,358.21 554,151.94 252,495.03 0.00 806,646.97
11/25/02 33,361,101.10 545,257.11 256,715.87 0.00 801,972.98
12/25/02 32,824,782.07 536,319.03 244,439.57 0.00 780,758.59
01/25/03 32,297,045.89 527,736.18 248,526.91 0.00 776,263.09
02/25/03 31,777,773.50 519,272.39 244,531.25 0.00 763,803.64
03/25/03 31,266,827.04 510,946.46 217,315.83 0.00 728,262.30
04/25/03 30,764,070.93 502,756.11 236,731.14 0.00 739,487.25
05/25/03 30,269,371.85 494,699.08 225,410.91 0.00 720,109.99
06/25/03 29,782,598.68 486,773.17 229,179.08 0.00 715,952.25
07/25/03 29,303,622.47 478,976.20 218,219.58 0.00 697,195.78
08/25/03 28,832,316.43 471,306.04 221,867.09 0.00 693,173.13
09/25/03 28,368,555.85 463,760.59 218,298.68 0.00 682,059.27
10/25/03 27,912,218.07 456,337.78 207,858.77 0.00 664,196.55
11/25/03 27,463,182.48 449,035.58 211,332.32 0.00 660,367.90
12/25/03 27,021,330.48 441,852.01 201,225.03 0.00 643,077.04
01/25/04 26,586,545.38 434,785.09 204,587.12 0.00 639,372.22
02/25/04 26,158,712.48 427,832.90 201,295.23 0.00 629,128.13
03/25/04 25,737,718.93 420,993.55 185,278.16 0.00 606,271.71
04/25/04 25,323,453.77 414,265.16 194,868.49 0.00 609,133.65
Page 2 of 4
<PAGE>
Financial Strategies 12/06/96 11:52:29 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at UI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
05/25/04 24,915,807.87 407,645.91 185,547.06 0.00 593,192.96
06/25/04 24,514,673.88 401,133.99 188,645.54 0.00 589,779.53
07/25/04 24,119,946.25 394,727.63 179,621.06 0.00 574,348.69
08/25/04 23,731,521.16 388,425.09 182,619.82 0.00 571,044.91
09/25/04 23,349,296.51 382,224.66 179,678.93 0.00 561,903.58
10/25/04 22,973,171.86 376,124.64 171,082.24 0.00 547,206.89
11/25/04 22,603,048.46 370,123.40 173,937.22 0.00 544,060.62
12/25/04 22,238,829.17 364,219.29 165,614.42 0.00 529,833.71
01/25/05 21,880,418.44 358,410.72 168,377.28 0.00 526,788.00
02/25/05 21,527,722.33 352,696.12 165,663.64 0.00 518,359.76
03/25/05 21,180,648.40 347,073.93 147,219.72 0.00 494,293.65
04/25/05 20,839,105.76 341,542.63 160,365.46 0.00 501,908.09
05/25/05 20,503,005.02 336,100.74 152,689.86 0.00 488,790.60
06/25/05 20,172,258.25 330,746.77 155,234.80 0.00 485,981.57
07/25/05 19,846,778.97 325,479.28 147,803.82 0.00 473,283.10
08/25/05 19,526,482.11 320,296.86 150,266.30 0.00 470,563.16
09/25/05 19,211,284.03 315,198.09 147,841.23 0.00 463,039.32
10/25/05 18,901,102.42 310,181.61 140,762.68 0.00 450,944.29
11/25/05 18,595,856.36 305,246.06 143,106.28 0.00 448,352.35
12/25/05 18,295,466.24 300,390.12 136,253.39 0.00 436,643.51
01/25/06 17,999,853.76 295,612.48 138,520.82 0.00 434,133.29
02/25/06 17,708,941.92 290,911.84 136,282.64 0.00 427,194.49
03/25/06 17,422,654.96 286,286.96 121,104.57 0.00 407,391.53
04/25/06 17,140,918.37 281,736.59 131,912.49 0.00 413,649.07
05/25/06 16,863,658.88 277,259.49 125,592.94 0.00 402,852.43
06/25/06 16,590,804.39 272,854.49 127,680.15 0.00 400,534.63
07/25/06 16,322,284.01 268,520.38 121,562.21 0.00 390,082.58
08/25/06 16,058,028.00 264,256.01 123,581.23 0.00 387,837.24
09/25/06 15,797,967.76 260,060.24 121,580.46 0.00 381,640.70
10/25/06 15,542,035.81 255,931.95 115,753.03 0.00 371,684.97
11/25/06 15,290,165.79 251,870.02 117,673.72 0.00 369,543.74
12/25/06 15,042,292.42 247,873.38 112,032.32 0.00 359,905.70
01/25/07 14,798,351.46 243,940.95 113,890.00 0.00 357,830.95
02/25/07 14,558,279.77 240,071.69 112,043.05 0.00 352,114.74
03/25/07 14,322,015.21 236,264.56 99,558.41 0.00 335,822.98
04/25/07 14,089,496.66 232,518.55 108,436.55 0.00 340,955.10
05/25/07 13,860,664.00 228,832.66 103,234.92 0.00 332,067.58
06/25/07 13,635,458.09 225,205.90 104,943.51 0.00 330,149.42
07/25/07 13,413,820.77 221,637.32 99,908.14 0.00 321,545.46
08/25/07 13,195,694.82 218,125.95 101,560.32 0.00 319,686.28
09/25/07 12,981,023.94 214,670.88 99,908.82 0.00 314,579.70
10/25/07 12,769,752.77 211,271.17 95,113.04 0.00 306,384.21
11/25/07 12,561,826.84 207,925.93 96,683.88 0.00 304,609.81
12/25/07 12,357,192.58 204,634.26 92,041.55 0.00 296,675.82
01/25/08 12,155,797.28 201,395.30 93,560.25 0.00 294,955.56
Page 3 of 4
<PAGE>
Financial Strategies 12/06/96 11:52:29 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Bond Cashflows Incorporated
Deal ID/CUSIP ADV64 Maturity 12/25/26
Class A2 CUR FLT LIBOR-1M Coupon * Cap Flr 0.00
Underwriter PSI Accrued 0.00000
Issuer ADVANTA HOME EQUITY LOAN TRUST 1st Payment 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Settle 12/19/96
Price 100-00 Proceeds 115,620,000 Prepay at UI 300 Roll at
Original Face of 120,000,000
Date Balance Principal Interest Accrual Total
- - -------- --------------- ------------- ------------- ------------- -------------
02/25/08 11,957,589.09 198,208.19 92,035.42 0.00 290,243.62
03/25/08 11,762,517.01 195,072.08 84,693.78 0.00 279,765.85
04/25/08 11,570,530.87 191,986.14 89,057.77 0.00 281,043.91
05/25/08 11,381,581.32 188,949.55 84,778.24 0.00 273,727.79
06/25/08 11,195,619.81 185,961.51 86,173.59 0.00 272,135.10
07/25/08 11,012,598.58 183,021.23 82,031.24 0.00 265,052.47
08/25/08 10,832,470.64 180,127.94 83,379.90 0.00 263,507.84
09/25/08 10,655,189.77 177,280.87 82,016.10 0.00 259,296.96
10/25/08 10,480,710.51 174,479.26 78,071.46 0.00 252,550.72
11/25/08 10,308,988.13 171,722.39 79,352.81 0.00 251,075.19
12/25/08 10,139,978.61 169,009.51 75,534.82 0.00 244,544.33
01/25/09 9,973,638.68 166,339.93 76,773.02 0.00 243,112.95
02/25/09 9,809,925.75 163,712.93 75,513.60 0.00 239,226.54
03/25/09 9,648,797.93 161,127.83 67,086.27 0.00 228,214.09
04/25/09 9,490,213.99 158,583.94 73,054.13 0.00 231,638.07
05/25/09 9,334,133.40 156,080.59 69,535.59 0.00 225,616.18
06/25/09 9,180,516.26 153,617.14 70,671.71 0.00 224,288.84
07/25/09 9,029,323.33 151,192.93 67,266.41 0.00 218,459.33
08/25/09 8,880,516.01 148,807.32 68,363.89 0.00 217,171.21
09/25/09 8,734,056.32 146,459.69 67,237.22 0.00 213,696.91
10/25/09 8,589,906.89 144,149.43 63,995.16 0.00 208,144.59
11/25/09 8,448,030.96 141,875.93 65,036.93 0.00 206,912.86
12/25/09 8,308,392.37 139,638.59 61,899.43 0.00 201,538.02
01/25/10 8,170,955.53 137,436.84 62,905.49 0.00 200,342.33
02/25/10 8,035,685.44 135,270.09 61,864.91 0.00 197,135.00
03/25/10 7,902,547.67 133,137.78 54,952.93 0.00 188,090.70
04/25/10 7,771,508.32 131,039.35 59,832.71 0.00 190,872.06
05/25/10 0.00 7,771,508.32 56,942.49 0.00 7,828,450.81
------------- ------------- ------------- -------------
Totals 115,620,000.0 46,198,401.91 0.00 161,818,401.9
Page 4 of 4
Generic Prepayment Model Used
Exercise call option : Mandatory
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
<PAGE>
Financial Strategies 12/09/96 10:42:13 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Digest Information Incorporated
Deal ID/CUSIP ADV64 Deal Date 12/06/96
Series 1996-4 Delivery Date 12/19/96
Underwriter PSI Dated Date / /
Issuer ADVANTA HOME EQUITY LOAN TRUST Credit Support 100% FGIC
Collateral 100%WL (Real) Deal Type HEL
N/GWAC (Orig) / (10.399/10.899) Pricing Speed HEP 23 CPR 25
WAM (Orig) Rating AAA/Aaa
Size 320,244,000 Coupon Range
Trustee Modeled Y
View Summary On Page 1 of 4
Class Coupon Mat Amt 000 AvLf Sprd Price Yield Description
- - ------ ------- ----- ------- ---- ---- ------- ------- -------------------------
A1 * 12/26 210,000 3.2 N/A 100-00 N/A LIBOR-1M+29.5, CUR FLT
A2 * 12/26 120,000 3.0 N/A 100-00 N/A CUR FLT LIBOR-1M+22
<PAGE>
Financial Strategies 12/05/96 08:55:20 am Prudential Securities
Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated
Deal ID/CUSIP ADV64 Coupon * Cap Flr 0.00
Class A1 CUR FLT LIBOR-1M Accr 0.00000 1st Pmt 01/25/97
Collateral 100%WL (Real) Factor on / /
N/GWAC (Orig) / (10.399/10.899) LIBOR-1M 5.56250
WAM (Orig) Mat 12/25/26 Settle 12/19/96
CenterPrice 100-00 Inc 4.0 Table DMrg Act/360 Roll@
HEP 23.00 HEP 20.00 HEP 15.00 HEP 10.00 HEP 5.00 HEP 25.00 HEP 30.00
Price
----- --------- --------- --------- --------- --------- --------- ---------
97-20 116.599 107.979 93.907 81.232 69.411 122.459 137.457
97-24 112.005 103.847 90.529 78.535 67.350 117.552 131.747
97-28 107.422 99.724 87.159 75.845 65.294 112.655 126.049
98-00 102.848 95.611 83.796 73.160 63.242 107.768 120.363
98-04 98.284 91.506 80.441 70.482 61.194 102.893 114.689
98-08 93.731 87.410 77.093 67.809 59.151 98.027 109.027
98-12 89.187 83.324 73.753 65.142 57.113 93.173 103.377
98-16 84.653 79.246 70.421 62.481 55.078 88.329 97.739
98-20 80.128 75.177 67.096 59.826 53.048 83.495 92.113
98-24 75.614 71.117 63.778 57.177 51.022 78.671 86.498
98-28 71.109 67.066 60.467 54.533 49.001 73.858 80.896
99-00 66.614 63.024 57.164 51.896 46.984 69.055 75.305
99-04 62.129 58.991 53.868 49.264 44.971 64.263 69.727
99-08 57.653 54.966 50.580 46.638 42.963 59.481 64.159
99-12 53.187 50.950 47.299 44.017 40.958 54.709 58.604
99-16 48.731 46.943 44.024 41.402 38.958 49.947 53.060
99-20 44.284 42.944 40.758 38.793 36.962 45.195 47.528
99-24 39.846 38.954 37.498 36.190 34.971 40.453 42.007
99-28 35.419 34.973 34.245 33.592 32.983 35.722 36.498
100-00 31.000 31.000 31.000 31.000 31.000 31.000 31.000
100-04 26.591 27.036 27.762 28.413 29.021 26.288 25.514
100-08 22.191 23.080 24.530 25.832 27.046 21.587 20.039
100-12 17.801 19.133 21.306 23.257 25.075 16.895 14.575
100-16 13.420 15.194 18.089 20.687 23.108 12.213 9.123
100-20 9.048 11.263 14.879 18.123 21.146 7.541 3.681
100-24 4.685 7.341 11.676 15.564 19.187 2.878 -1.748
100-28 0.332 3.428 8.479 13.010 17.233 -1.774 -7.167
101-00 -4.013 -0.478 5.290 10.462 15.282 -6.417 -12.575
101-04 -8.348 -4.375 2.107 7.920 13.336 -11.050 -17.971
101-08 -12.674 -8.264 -1.068 5.383 11.393 -15.673 -23.357
101-12 -16.991 -12.144 -4.237 2.851 9.455 -20.287 -28.731
101-16 -21.299 -16.017 -7.399 0.324 7.521 -24.892 -34.095
101-20 -25.598 -19.881 -10.554 -2.197 5.590 -29.486 -39.447
101-24 -29.888 -23.737 -13.703 -4.712 3.664 -34.071 -44.789
101-28 -34.169 -27.585 -16.844 -7.223 1.741 -38.647 -50.119
102-00 -38.441 -31.425 -19.979 -9.728 -0.177 -43.213 -55.439
102-04 -42.704 -35.257 -23.107 -12.228 -2.092 -47.770 -60.748
102-08 -46.958 -39.081 -26.229 -14.722 -4.002 -52.318 -66.047
102-12 -51.204 -42.897 -29.344 -17.212 -5.909 -56.856 -71.335
Avg. Life 3.242 3.677 4.708 6.222 8.813 3.001 2.520
Mod. Dur. 2.725 3.031 3.710 4.644 6.069 2.550 2.190
Mac. Dur. 2.807 3.122 3.821 4.784 6.252 2.627 2.256
1st Pmt. 0.100 0.100 0.100 0.100 0.100 0.100 0.100
Last Pmt. 05/25/05 07/25/06 05/25/09 02/25/12 04/25/19 09/25/04 05/25/03
Exercise call option : Mandatory
Call option code : Earlier of
Fraction of coll. prin. : 0.1000
Yields are to Call
Yield Curve: 3M 6M 1Y 2Y 3Y 5Y 10Y 30Y
Settlement 5.02 5.18 5.38 5.63 5.73 5.89 6.11 6.40 12/04/96
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
$[204,624,000] Class A-1 Floating Rate Certificates
$[115,620,000] Class A-2 Floating Rate Certificates
The analysis in this report is accurate to the best of PSI's knowledge and is
based on information provided by the Sponsor. PSI makes no representations as to
the accuracy of such information provided to it by the Sponsor. All assumptions
and information in this report reflect PSI's judgment as of this date and are
subject to change. All analyses are based on certain assumptions noted herein
and different assumptions could yield substantially different results. You are
cautioned that there is no universally accepted method for analyzing financial
instruments. You should review the assumptions; there may be differences between
these assumptions and your actual business practices. Further, PSI does not
guarantee any results and there is no guarantee as to the liquidity of the
instruments involved in this analysis. The decision to adopt any strategy
remains your responsibility. PSI (or any of its affiliates) or their officers,
directors, analysts or employees may have positions in securities, commodities
or derivative instruments thereon referred to here, and may, as principal or
agent, buy or sell such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to herein. Neither
the information nor the assumptions reflected herein shall be construed to be,
or constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein. No
sale of any securities, commodities or derivative instruments should be
consumated without the purchaser first having received a prospectus and, if
required, prospectus supplement. Finally, PSI has not addressed the legal,
accounting and tax implications of the analysis with respect to you, and PSI
strongly urges you to seek advice from your counsel, accountant and tax advisor.
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
Issuer: Advanta Mortgage Loan Trust 1996-4.
Securities Offered: Class A-1 Group I Certificates and
Class A-2 Group II Certificates (collectively, the
"Certificates").
Sponsor: Advanta Mortgage Conduit Services, Inc.
Master Servicer: Advanta Mortgage Corp. USA
Servicing Fee: 50 basis points per annum.
Trustee: Bankers Trust Company of California N.A.
Interest Shortfall
Carryforward: The Class A-1 and Class A-2 Certificates will feature
interest shortfall carryforward, in which any interest
shortfall due to one-month LIBOR plus the margin
exceeding the related available funds cap rate will be
carried forward, with accrued interest at the coupon
rate, and paid from excess cash flow, if available,
from the fixed- or adjustable-rate collateral (as the
case may be) in later periods. THERE IS NO
CROSS-COLLATERALIZATION FOR PURPOSES OF INTEREST
PAYMENTS OR SUBSEQUENT PAYMENTS OF INTEREST SHORTFALL
CARRYFORWARD AMOUNTS.
In addition, the Master Servicer will not be obligated
to pay any existing interest shortfall carryforward
amount prior to exercising its Clean-Up Call option or
prior to the Final Maturity of the Certificates. The
FGIC insurance policy does not cover payment of the
interest shortfall carryforward amount.
Cleanup Call: The Master Servicer may repurchase the collateral and,
(All Certificate as a result, cause the Certificates (in aggregate, NOT
Classes) Class A-1 or Class A-2 individually) to be called at
par plus accrued interest after the remaining balance
of the mortgage loans in aggregate is less than 10% of
the original collateral balance. If the Clean-Up Call
is not exercised prior to the second Payment Date
following the Clean-Up Call Date, the coupon on each
class of certificates shall increase to one month LIBOR
+ 2 X the respective margin, subject to the available
funds cap of each respective loan group.
Collateral Group I: Fixed-rate home equity mortgage loans secured primarily
(Supports Certificate by one-to-four family residences.
Class A-1)
Collateral Group II: Adjustable-rate home equity mortgage loans secured
(Supports Certificate primarily by one-to-four family residences.
Class A-2)
Cross-
Collateralization: After a loan group has met its target
overcollateralization levels, excess spread from such
loan group will be available to build
overcollateralization in the other loan group.
Form of Certificates: Book entry form, same day funds (through DTC, CEDEL or
Euroclear).
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
Certificate Ratings: The Certificates will be rated AAA/Aaa by Standard &
Poor's and Moody's, respectively. These ratings will
not address the payment of any interest shortfall
carryforward amounts.
Certificate Insurer: Financial Guaranty Insurance Company ("FGIC"). FGIC's
claims-paying ability is rated AAA/Aaa by Standard and
Poor's and Moody's, respectively.
Certificate Insurance: Timely interest and eventual principal payments on the
Certificates will be 100% guaranteed by FGIC. The
insurance policy does not include the payment of
interest shortfall carryforward amounts.
Prefunding Account: None of the collateral is expected to be prefunded.
Overcollateralization: The subordination provisions of the Trust are intended
to provide for limited acceleration of the Certificates
relative to the amortization of the related collateral,
generally in the early months of the transaction. The
accelerated amortization is achieved by applying
certain excess interest collected on the collateral to
the payment of principal on the Certificates. This
acceleration feature is intended to create, with
respect to each Collateral Group, an amount
("Overcollateralization" or "o/c") resulting from, and
equal to, the excess of the aggregate principal
balances of the Collateral Group over the principal
balance of the related Certificates. Once the required
Overcollateralization level is reached, the
acceleration feature will cease, unless necessary to
maintain the required level of Overcollateralization.
CLASS A-1 CERTIFICATES (supported by Group I fixed-rate
home equity mortgage loans) Excess spread available
will be used to build the Overcollateralization to an
initial target of [ ]% of the original principal
balance. Upon the later of month [ ] or [ ]% of Group I
paying down, the o/c requirement will adjust to the
lesser of [ ]% of original principal balance or [ ]% of
current principal balance, subject to a floor of [ ]%
of original principal balance. Initial
overcollateralization of approximately [ ]% will
support Class A-1.
CLASS A-2 CERTIFICATES (supported by Group II
adjustable-rate home equity mortgage loans) Excess
spread available will be used to build the
Overcollateralization to an initial target of [ ]% of
the original principal balance. Upon the later of month
[ ] or [ ]% of Group II paying down, the o/c
requirement will adjust to the lesser of [ ]% of
original principal balance or [ ]% of current principal
balance, subject to a floor of [ ]% of original
principal balance. Initial overcollateralization of
approximately [ ]% will support Class A-2.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
Cashflow Structure: Interest Payments are applied as follows:
CERTIFICATE CLASS A-1 (supported by Group I fixed-rate
home equity mortgage loans)
1) Repayment of any unreimbursed Servicer advances
with respect to defaulted loans;
2) Ongoing Trust Fees;
3) Accrued monthly interest, subject to the available
funds cap;
4) Paydown of Class A-1 Certificates to the required
level of Overcollateralization;
5) Paydown of Class A-2 Certificates to the required
level of Overcollateralization;
6) Any excess cash flow reverts to the holder of the
residual interest.
CERTIFICATE CLASS A-2 (supported by Group II
adjustable-rate home equity mortgage loans)
1) Repayment of any unreimbursed Servicer advances
with respect to defaulted loans;
2) Ongoing Trust Fees;
3) Accrued monthly interest, subject to the available
funds cap;
4) Paydown of Class A-2 Certificates to the required
level of Overcollateralization;
5) Paydown of Class A-1 Certificates to the required
level of Overcollateralization;
6) Any excess cash flow reverts to the holder of the
residual interest.
Principal payments are applied as follows:
CERTIFICATE CLASS A-1 (supported by Group I fixed-rate
home equity mortgage loans)
1) 100% to Class A-1 until Class A-1 is retired;
CERTIFICATE CLASS A-2 (supported by Group II
adjustable-rate home equity mortgage loans)
1) 100% to Class A-2 until Class A-2 is retired;
Credit Enhancement: 1) 100% wrap from FGIC guarantees timely payment of
interest and eventual principal (excluding
interest shortfall carryforward reimbursement).
2) Overcollateralization.
3) Cross-Collateralization.
4) Excess spread.
Pricing Date: [ 12/06/96 ]
Settlement Date: [December 19, 1996]
ERISA
Considerations: All of the Certificates will be ERISA eligible.
Taxation: REMIC.
Legal Investment: The Certificates will not be SMMEA eligible.
Prospectus: The Certificates are being offered pursuant to a
Prospectus which includes a Prospectus Supplement
(together, the "Prospectus"). Complete information with
respect to the Certificates and the Collateral is
contained in the Prospectus. The foregoing is qualified
in its entirety by the information appearing in the
Prospectus. To the extent that the foregoing is
inconsistent with the Prospectus, the Prospectus shall
govern in all respects. Sales of the Certificates may
not be consumated unless the purchaser has received the
Prospectus.
For additional information concerning pricing and
relative value, please call Greg Richter or Rob Karr on
the asset backed desk at 212-778-2741. Additional
structural and collateral information can be provided
through Jacqui Galdieri (212-778-2612) of the
Structured Finance Group, or Brendan Keane
(212-778-4231), Pete Austin (212-778-1282) or Ravi
Gupta (212-778-7448) of the Asset-Backed Finance Group.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
CLASS A-1 CERTIFICATES (SUPPORTED BY GROUP I FIXED-RATE HOME EQUITY MORTGAGE
LOANS)
================================================================================
Collateral: Fixed-Rate Home Equity Mortgage Loans
Approximate Face Amount: $[204,624,000]
Avg. Life to 10% Call
Date (approx.): [3.213] years at pricing speed
Avg. Life to Maturity
(approx.): [3.453] years at pricing speed
Pass-Through Rate: The lesser of:
1) 1 Month LIBOR + [ 29.5 ] bps *
2) the Group I available funds cap
On the second Payment Date following the Clean-Up Call
Date and thereafter, the lesser of :
1) 1 Month LIBOR + [ 59 ] bps.
2) the Group I available funds cap
* The coupon rate for the initial accrual period
will be determined 2 business days prior to
closing.
Price: [100-00]
Prepayment Assumption: [23]% HEP
(2.3% CPR in month 1 with monthly incremental increases
of 2.3% CPR until the speed reaches 23% CPR in month 10
based on loan seasoning). This means that seasoned
loans will start further up on the prepayment curve.
Yield to Call: [6.058]%
Day Count: Actual/360
Expected Maturity
to Call: [1/25/05] at pricing speed
Expected Maturity: [9/25/11] at pricing speed
Stated Maturity: [12/25/26]
Coupon Step-Up: If the Clean-Up Call is not exercised prior to
the second Payment Date following the Clean-Up Call
Date, the coupon on the Class A-1 Certificates shall
increase to one month LIBOR + [2X Margin], subject to
the available funds cap.
Available Funds Cap: A rate equal to the Group I Weighted Average Coupon -
Trust Fees totaling approx. [0.615]% - Surety Carve
Out. Trust Fees include the Servicing Fee, the Trustee
Fee and the Insurer's Premium. The Surety Carve Out is
equal to [0.75%] of the outstanding amount of the Class
A-1 Certificates.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on January 27, 1997.
Interest For the Class A-1 Certificates, interest will generally
Accrual Period: accrue from the 25th day of the preceding month until
the 24th day of the current month based on an
actual/360 day count. For the first Payment Date, the
Class A-1 Certificates will start accruing interest
from [December 19, 1996].
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
<PAGE>
Advanta Mortgage Loan Trust
Series 1996-4
Class A Certificates
CLASS A-2 CERTIFICATES (SUPPORTED BY GROUP II ADJUSTABLE-RATE HOME EQUITY
MORTGAGE LOANS)
================================================================================
Collateral: Adjustable-Rate Home Equity Mortgage Loans
Approximate Face Amount: $[115,620,000]
Avg. Life to 10% Call
Date (approx.): [2.968] years at pricing speed
Avg. Life to Maturity
(approx.): [3.213] years at pricing speed
Pass-Through Rate: The lesser of:
1) 1 Month LIBOR + [ 22 ] bps *
2) the Group II available funds cap
On the second Payment Date following the Clean-Up Call
Date and thereafter, the lesser of :
1) 1 Month LIBOR + [ 44 ]
2) the Group II available funds cap
* The coupon rate for the initial accrual period
will be determined 2 business days prior to
closing.
Price: [100-00]
Prepayment Assumption: [25]% CPR
Yield to Call: [5.980]
Day Count: Actual/360
Expected Maturity
to Call: [1/25/05] at pricing speed
Expected Maturity: [6/25/14] at pricing speed
Stated Maturity: [12/26/26]
Coupon Step-Up: If the Clean-Up Call is not exercised prior to
the second Payment Date following the Clean-Up Call
Date, the coupon on the Class A-2 Certificates shall
increase to one month LIBOR + [2X Margin], subject to
the available funds cap.
Available Funds Cap: A rate equal to the Group II Weighted Average Coupon -
Trust Fees totaling approx. [0.615]% - Surety Carve
Out. Trust Fees include the Servicing Fee, the Trustee
Fee and the Insurer's Premium. The Surety Carve Out is
[0%] for the first [8] months of the transaction;
thereafter it is equal to [0.75%] of the outstanding
amount of the Class A-2 Certificates.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on January 27, 1997.
Interest For the Class A-2 Certificates, interest will generally
Accrual Period: accrue from the 25th day of the preceding month until
the 24th day of the current month based on an
actual/360 day count. For the first Payment Date, the
Class A-2 Certificates will start accruing interest
from [December 19, 1996].
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS,
AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS
SUPPLEMENT.
<PAGE>
<TABLE>
<CAPTION>
A1
- - --
<S> <C> <C>
CURRENT BALANCE: $204,624,000.00 DATED DATE: 12/19/96 12/06/96 12:51 PM
CURRENT COUPON: 1M LIBOR + 29.5 BPS ADV64 FIRST PAYMENT: 01/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 2
ORIGINAL BALANCE: $204,624,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/19/96
ASSUMED CONSTANT LIBOR-1M 5.6055
</TABLE>
******** RUN TO 10% CLEAN UP CALL *********
<TABLE>
<CAPTION>
PRICING SPEED
23HEP/25CPR 20HEP/20CPR 28HEP/30CPR ORIGINAL
PRICE CLASS SUMMARY
<S> <C> <C> <C> <C>
98-00 101.840 94.238 114.308 BOND A1 FLOATER CAP 99.00
98-04 97.245 90.125 108.924 LIBOR-1M+29.5
98-08 92.661 86.022 103.550 $204,624,000.00
98-12 88.087 81.927 98.188
98-16 83.522 77.841 92.838
98-20 78.967 73.765 87.498
98-24 74.422 69.697 82.170
98-28 69.887 65.638 76.854
99-00 65.361 61.588 71.548
99-04 60.845 57.546 66.253
99-08 56.338 53.514 60.970
99-12 51.842 49.490 55.698
99-16 47.354 45.475 50.436
99-20 42.877 41.468 45.186
99-24 38.408 37.470 39.946
99-28 33.949 33.481 34.718
100-00 29.500 29.500 29.500
100-04 25.060 25.528 24.293
100-08 20.629 21.564 19.097
100-12 16.208 17.609 13.912
100-16 11.796 13.662 8.737
First Payment 0.100 0.100 0.100
Average Life 3.213 3.670 2.674
Last Payment 8.100 9.517 6.683
Mod.Dur. @ 100-00 2.706 3.024 2.308
Accrued Interest 0.000 0.000 0.000
</TABLE>
The preliminary pricing information contained herein is neither an offer to sell
nor a solicitation to buy any securities. Moreover, there is no assurance that
such information will not change prior to final pricing. Any formal offer or
solicitation will be made by a prospectus (or offering memorandum) to be
accompanied or followed by a written confirmation.
BOND A1 Av Fund Floater CLASS
<TABLE>
<CAPTION>
A2
- - --
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- - -------------------------- ----------------------------------
<S> <C> <C>
CURRENT BALANCE: $115,620,000.00 DATED DATE: 12/19/96 12/06/96 12:51 PM
CURRENT COUPON: 1M LIBOR + 22 BPS. % ADV64 FIRST PAYMENT: 01/25/97
FACTOR: 1.0000000000 TOTAL CLASSES: 2
ORIGINAL BALANCE: $115,620,000.00 BOND A2 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 12/19/96
ASSUMED CONSTANT LIBOR-1M 5.6055
</TABLE>
******** RUN TO 10% CLEAN UP CALL *********
<TABLE>
<CAPTION>
PRICING SPEED
PRICE CLASS SUMMARY
23 HEP/25CPR 20HEP/20CPR 28HEP/30CPR
<S> <C> <C> <C> <C>
98-00 100.207 86.596 115.459 BOND A2 FLOATER CAP 99.00
98-04 95.234 82.489 109.517 LIBOR-1M+22.0
98-08 90.273 78.392 103.588 $115,620,000.00
98-12 85.323 74.304 97.673
98-16 80.384 70.226 91.772
98-20 75.458 66.157 85.884
98-24 70.542 62.097 80.010
98-28 65.638 58.046 74.150
99-00 60.745 54.005 68.302
99-04 55.863 49.972 62.468
99-08 50.992 45.949 56.648
99-12 46.132 41.935 50.840
99-16 41.284 37.930 45.046
99-20 36.447 33.934 39.265
99-24 31.620 29.947 33.497
99-28 26.805 25.969 27.742
100-00 22.000 22.000 22.000
<PAGE>
100-04 17.206 18.040 16.271
100-08 12.423 14.088 10.555
100-12 7.651 10.146 4.852
100-16 2.890 6.212 -0.839
First Payment 0.100 0.100 0.100
Average Life 2.968 3.702 2.423
Last Payment 8.100 9.517 6.683
Mod.Dur. @ 100-00 2.507 3.034 2.098
Accrued Interest 0.000 0.000 0.000
</TABLE>
The preliminary pricing information contained herein is neither an offer to sell
nor a solicitation to buy any securities. Moreover, there is no assurance that
such information will not change prior to final pricing. Any formal offer or
solicitation will be made by a prospectus (or offering memorandum) to be
accompanied or followed by a written confirmation.
BOND A2 Av Fund Floater CLASS
<PAGE>
- - --------------------------------------------------------------------------------
- ADV64
- Cut Off Date of Tape is 11/15/96
- Fixed Rate
- $140,349,781.16
- Mortgage Summary Report
- - --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,550
Aggregate Unpaid Principal Balance: $140,349,781.16
Aggregate Original Principal Balance: $140,738,915.08
Weighted Average Net Coupon: 10.706%
Net Coupon Range: 6.280% - 16.280%
Weighted Average Gross Coupon: 11.206%
Gross Coupon Range: 6.780% - 16.780%
- - --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $55,039.13
Average Original Principal Balance: $55,191.73
Maximum Unpaid Principal Balance: $638,806.44
Minimum Unpaid Principal Balance: $5,588.57
Maximum Original Principal Balance: $640,000.00
Minimum Original Principal Balance: $5,588.57
Weighted Avg Rem Term (LPD to Maturity/Balloon Date): 228.452
Rem Term to Maturity/Balloon Date Range: 2.000 - 360.000
Weighted Avg Stated Rem Term to Maturity Date: 278
Stated Rem Term to Maturity Date Range: 35.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 2.030
Age Range: 0.000 - 81.000
Weighted Average Original Term to Maturity/Balloon Date: 230.482
Original Term to Maturity/Balloon Date Range: 36.000 - 360.000
Weighted Average Original Term to Maturity Date: 280
Original Term to Maturity Date Range: 36.000 - 360.000
Weighted Average Original LTV: 68.206
Original LTV Range: 4.270% - 94.910%
Weighted Average Combined LTV: 74.310
Combined LTV Range: 4.270% - 98.220%
Weighted Average Debt to Income Ratio: 39.978 **
Debt to Income Ratio Range: 7.040% - 87.000%**
- - --------------------------------------------------------------------------------
** Excluding 27 loans with missing Debt to Income Ratios
<PAGE>
<TABLE>
<CAPTION>
GROSS COUPON
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Balance Current
Coupon Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.75% < Gross Coupon <= 7.00% 1 .25 6.780 357.00 3.00 84.98 $348,400 $347,500.31
7.00% < Gross Coupon <= 7.25% 1 .10 7.200 360.00 .00 79.89 $139,000 $139,000.00
7.25% < Gross Coupon <= 7.50% 12 .89 7.455 223.28 27.18 84.17 $281,000 $1,245,899.24
7.50% < Gross Coupon <= 7.75% 3 .13 7.699 205.71 17.78 118.01 $76,500 $187,811.05
7.75% < Gross Coupon <= 8.00% 6 .36 7.987 177.72 15.23 82.37 $202,500 $511,796.01
8.00% < Gross Coupon <= 8.25% 1 .04 8.250 360.00 .00 66.67 $60,000 $60,000.00
8.25% < Gross Coupon <= 8.50% 8 .33 8.450 202.00 9.49 76.78 $112,200 $465,290.89
8.50% < Gross Coupon <= 8.75% 23 .97 8.717 226.63 .47 66.23 $135,200 $1,356,687.03
8.75% < Gross Coupon <= 9.00% 108 4.11 8.973 197.80 5.20 64.14 $310,000 $5,767,808.94
9.00% < Gross Coupon <= 9.25% 59 2.78 9.216 243.84 .71 73.11 $237,150 $3,904,602.70
9.25% < Gross Coupon <= 9.50% 98 4.72 9.457 244.50 1.78 73.79 $257,000 $6,629,587.37
9.50% < Gross Coupon <= 9.75% 128 5.39 9.704 251.85 1.01 70.27 $180,000 $7,568,453.01
9.75% < Gross Coupon <= 10.00% 136 7.19 9.932 267.39 4.25 73.83 $391,500 $10,095,437.61
10.00% < Gross Coupon <= 10.25% 119 5.21 10.203 256.72 1.18 74.04 $217,500 $7,315,274.27
10.25% < Gross Coupon <= 10.50% 134 6.85 10.456 265.06 1.12 74.03 $450,000 $9,618,702.06
10.50% < Gross Coupon <= 10.75% 127 5.66 10.696 245.39 1.23 71.38 $247,500 $7,940,263.81
10.75% < Gross Coupon <= 11.00% 159 7.94 10.924 229.23 1.32 74.32 $273,000 $11,137,339.03
11.00% < Gross Coupon <= 11.25% 87 3.42 11.176 218.75 1.35 72.16 $187,000 $4,803,460.60
11.25% < Gross Coupon <= 11.50% 118 5.06 11.422 226.33 1.39 73.21 $198,050 $7,101,529.98
11.50% < Gross Coupon <= 11.75% 97 4.64 11.673 208.36 1.92 68.58 $640,000 $6,517,392.35
11.75% < Gross Coupon <= 12.00% 121 5.05 11.915 224.21 1.39 68.38 $378,000 $7,085,784.39
12.00% < Gross Coupon <= 12.25% 99 3.34 12.176 233.88 1.34 60.17 $190,000 $4,692,705.42
12.25% < Gross Coupon <= 12.50% 139 4.51 12.440 199.75 1.64 59.93 $235,000 $6,331,104.67
12.50% < Gross Coupon <= 12.75% 108 3.35 12.680 217.73 1.20 59.68 $205,600 $4,707,786.72
12.75% < Gross Coupon <= 13.00% 140 4.14 12.941 200.35 1.00 63.60 $163,000 $5,805,660.92
13.00% < Gross Coupon <= 13.25% 74 2.23 13.169 191.30 1.06 59.21 $165,000 $3,131,469.70
13.25% < Gross Coupon <= 13.50% 80 2.20 13.424 190.93 1.16 62.17 $105,600 $3,086,356.25
13.50% < Gross Coupon <= 13.75% 59 1.90 13.679 198.08 1.52 60.68 $136,000 $2,673,225.84
13.75% < Gross Coupon <= 14.00% 84 2.13 13.947 185.87 .88 58.71 $123,000 $2,993,760.17
14.00% < Gross Coupon <= 14.25% 36 .78 14.173 198.21 1.23 50.35 $90,200 $1,096,839.00
14.25% < Gross Coupon <= 14.50% 71 1.76 14.466 191.71 2.80 53.91 $134,010 $2,463,668.47
14.50% < Gross Coupon <= 14.75% 35 .60 14.657 194.38 1.82 42.97 $61,100 $837,037.27
14.75% < Gross Coupon <= 15.00% 29 .67 14.939 173.13 1.35 50.87 $141,795 $944,117.95
15.00% < Gross Coupon <= 15.25% 10 .23 15.143 233.04 2.02 65.52 $63,608 $329,292.42
15.25% < Gross Coupon <= 15.50% 23 .61 15.416 192.15 1.64 59.06 $212,550 $849,267.54
15.50% < Gross Coupon <= 15.75% 7 .20 15.673 196.25 2.56 57.83 $75,650 $281,057.05
15.75% < Gross Coupon <= 16.00% 3 .07 15.918 180.12 .54 57.77 $53,682 $101,082.08
16.00% < Gross Coupon <= 16.25% 2 .03 16.174 179.00 1.00 59.27 $32,250 $46,448.56
16.25% < Gross Coupon <= 16.50% 3 .06 16.403 301.86 2.07 62.47 $61,900 $89,880.48
16.50% < Gross Coupon <= 16.75% 1 .05 16.590 177.00 3.00 70.00 $64,400 $64,400.00
16.75% < Gross Coupon <= 17.00% 1 .02 16.780 179.00 1.00 23.81 $25,000 $25,000.00
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL TERM TO BALLOON OR MATURITY
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 < Original Maturity <= 40 5 .13 9.322 6.35 29.65 83.28 $56,700 $176,073.45
40 < Original Maturity <= 50 3 .03 10.448 47.09 .91 49.39 $25,000 $45,731.73
50 < Original Maturity <= 60 76 1.96 10.429 41.86 18.14 66.14 $187,527 $2,747,767.28
70 < Original Maturity <= 80 8 .13 11.699 69.97 2.03 38.04 $113,902 $180,753.45
80 < Original Maturity <= 90 35 .74 11.804 77.78 6.22 51.45 $87,500 $1,031,584.65
90 < Original Maturity <= 100 19 .26 11.742 95.49 .51 33.76 $50,000 $364,978.22
100 < Original Maturity <= 110 5 .11 10.857 107.22 .78 48.46 $52,350 $151,012.28
110 < Original Maturity <= 120 196 4.12 11.961 118.02 1.98 52.67 $111,000 $5,789,260.46
130 < Original Maturity <= 140 4 .12 12.070 130.40 1.60 54.55 $85,106 $171,360.04
140 < Original Maturity <= 150 28 .87 11.162 142.92 1.08 63.59 $118,560 $1,217,300.64
150 < Original Maturity <= 160 3 .06 11.232 153.85 .15 54.80 $40,000 $79,863.78
160 < Original Maturity <= 170 3 .04 12.435 166.59 1.41 25.96 $23,200 $52,839.57
170 < Original Maturity <= 180 1,367 51.71 11.561 178.31 1.69 66.65 $640,000 $72,569,418.18
190 < Original Maturity <= 200 4 .21 9.767 191.54 .46 68.38 $135,000 $290,705.85
200 < Original Maturity <= 210 1 .04 8.990 204.00 .00 35.63 $62,000 $62,000.00
210 < Original Maturity <= 220 4 .19 10.490 215.71 .29 78.50 $101,150 $265,213.98
220 < Original Maturity <= 230 91 3.86 9.961 227.41 .42 71.81 $310,000 $5,422,335.36
230 < Original Maturity <= 240 159 6.99 11.188 238.82 .80 73.25 $219,594 $9,813,925.18
260 < Original Maturity <= 270 1 .04 9.990 263.00 1.00 85.00 $51,000 $50,946.42
290 < Original Maturity <= 300 8 .37 10.229 298.32 1.68 70.36 $157,000 $514,532.34
350 < Original Maturity <= 360 530 28.04 10.687 358.09 1.91 73.94 $450,000 $39,352,178.30
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REMAINING TERM TO BALLOON OR MATURITY
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 < Rem Term <= 12 8 .31 9.074 8.01 43.17 89.26 $84,600 $439,042.44
12 < Rem Term <= 24 7 .38 8.129 21.21 38.79 87.55 $180,000 $530,697.26
24 < Rem Term <= 36 8 .30 8.811 29.60 29.55 108.21 $126,000 $415,233.51
36 < Rem Term <= 48 8 .20 9.892 43.74 25.44 73.79 $73,800 $287,416.66
48 < Rem Term <= 60 55 1.02 11.944 58.96 1.04 41.15 $187,527 $1,430,008.62
60 < Rem Term <= 72 10 .22 10.767 69.13 22.49 59.27 $113,902 $305,628.60
72 < Rem Term <= 84 33 .64 12.321 82.98 1.02 45.75 $87,500 $898,758.62
84 < Rem Term <= 96 19 .26 11.742 95.49 .51 33.76 $50,000 $364,978.22
96 < Rem Term <= 108 8 .19 11.758 105.42 32.73 52.18 $74,000 $259,829.96
108 < Rem Term <= 120 195 4.08 12.013 119.12 1.55 51.95 $111,000 $5,728,976.10
120 < Rem Term <= 132 5 .40 10.599 129.43 35.88 79.15 $391,500 $559,969.77
132 < Rem Term <= 144 31 .96 11.003 142.67 4.85 64.55 $118,560 $1,349,111.49
144 < Rem Term <= 156 4 .10 9.657 152.11 13.65 70.72 $67,500 $145,792.23
156 < Rem Term <= 168 7 .12 11.870 162.50 13.88 59.33 $39,600 $174,835.55
168 < Rem Term <= 180 1,354 51.08 11.575 178.87 1.13 66.50 $640,000 $71,687,664.70
180 < Rem Term <= 192 4 .21 9.767 191.54 .46 68.38 $135,000 $290,705.85
192 < Rem Term <= 204 1 .04 8.990 204.00 .00 35.63 $62,000 $62,000.00
204 < Rem Term <= 216 4 .19 10.490 215.71 .29 78.50 $101,150 $265,213.98
216 < Rem Term <= 228 91 3.86 9.961 227.41 .42 71.81 $310,000 $5,422,335.36
228 < Rem Term <= 240 159 6.99 11.188 238.82 .80 73.25 $219,594 $9,813,925.18
252 < Rem Term <= 264 1 .04 9.990 263.00 1.00 85.00 $51,000 $50,946.42
276 < Rem Term <= 288 1 .03 11.249 283.00 17.00 79.82 $45,500 $44,993.06
288 < Rem Term <= 300 7 .33 10.131 299.79 .21 69.45 $157,000 $469,539.28
312 < Rem Term <= 324 1 .07 7.500 324.00 36.00 90.00 $94,500 $91,678.40
324 < Rem Term <= 336 8 .43 7.927 328.71 31.29 94.69 $196,000 $606,717.69
336 < Rem Term <= 348 1 .04 10.000 348.00 12.00 83.33 $50,000 $49,722.01
348 < Rem Term <= 360 520 27.51 10.739 358.64 1.36 73.57 $450,000 $38,604,060.20
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINATION YEAR
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1990 3 .08 13.008 102.93 77.07 57.34 $74,000 $108,817.68
1991 1 .05 11.590 119.00 61.00 60.94 $78,000 $64,590.79
1992 10 .63 9.625 75.86 50.15 87.84 $391,500 $883,422.24
1993 17 .90 8.017 100.95 36.93 86.98 $196,000 $1,259,862.23
1994 15 .62 8.785 191.19 28.24 105.57 $126,000 $866,733.39
1995 6 .16 11.573 187.69 14.37 65.59 $70,000 $228,224.19
1996 2,498 97.57 11.259 231.06 1.12 67.99 $640,000 $136,938,130.64
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL LTV RANGE
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
LTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.000 < LTV <= 5.000 1 .02 9.625 360.00 .00 4.27 $32,400 $32,400.00
5.000 < LTV <= 10.000 36 .52 12.644 160.38 1.08 8.71 $250,000 $723,801.61
10.000 < LTV <= 15.000 104 1.36 13.030 158.35 1.42 12.71 $45,000 $1,910,751.69
15.000 < LTV <= 20.000 136 2.52 12.436 166.86 .66 17.54 $187,527 $3,535,612.11
20.000 < LTV <= 25.000 122 2.44 12.571 170.76 1.07 22.91 $150,000 $3,428,560.15
25.000 < LTV <= 30.000 108 2.56 12.343 171.64 1.14 27.17 $185,000 $3,597,804.18
30.000 < LTV <= 35.000 70 1.94 11.997 194.23 .92 31.97 $145,000 $2,728,005.03
35.000 < LTV <= 40.000 81 2.29 11.139 192.98 1.57 37.64 $188,000 $3,209,418.94
40.000 < LTV <= 45.000 55 1.41 11.775 204.52 .95 42.74 $87,000 $1,982,576.20
45.000 < LTV <= 50.000 96 3.10 11.101 223.65 1.33 48.09 $177,500 $4,346,018.05
50.000 < LTV <= 55.000 74 2.57 11.073 222.24 2.76 53.16 $257,000 $3,607,219.46
55.000 < LTV <= 60.000 101 3.53 11.134 244.85 2.11 58.00 $190,000 $4,959,543.97
60.000 < LTV <= 65.000 137 4.98 11.369 234.77 1.99 63.29 $200,000 $6,982,513.73
65.000 < LTV <= 70.000 181 8.51 11.214 237.53 1.52 68.56 $378,000 $11,938,961.59
70.000 < LTV <= 75.000 306 14.18 10.854 256.26 1.18 73.92 $450,000 $19,897,658.68
75.000 < LTV <= 80.000 367 18.43 11.062 238.82 1.57 79.41 $640,000 $25,868,196.84
80.000 < LTV <= 85.000 496 26.04 10.995 239.11 1.67 84.44 $391,500 $36,549,102.60
85.000 < LTV <= 90.000 69 3.22 10.579 158.20 16.62 88.95 $212,550 $4,519,780.00
90.000 < LTV <= 95.000 10 .38 12.440 171.03 6.17 92.02 $131,234 $531,856.33
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.21 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
COMBINED LTV RANGE
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
LTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.000 < LTV <= 5.000 1 .02 9.625 360.00 .00 4.26 $32,400 $32,400.00
5.000 < LTV <= 10.000 2 .03 10.279 305.79 2.52 7.69 $34,000 $40,399.39
10.000 < LTV <= 15.000 4 .05 10.450 185.26 1.33 13.75 $30,000 $73,557.64
15.000 < LTV <= 20.000 9 .22 10.009 233.42 1.53 17.41 $112,000 $313,115.23
20.000 < LTV <= 25.000 19 .35 11.204 202.64 1.29 23.42 $60,000 $488,732.17
25.000 < LTV <= 30.000 35 .74 11.712 181.44 1.36 30.68 $90,000 $1,032,986.91
30.000 < LTV <= 35.000 25 .67 10.502 246.32 1.30 31.79 $145,000 $936,442.35
35.000 < LTV <= 40.000 58 1.66 10.600 201.34 1.74 37.00 $188,000 $2,324,895.29
40.000 < LTV <= 45.000 39 .97 11.122 217.74 .95 40.87 $87,000 $1,364,444.34
45.000 < LTV <= 50.000 91 2.95 11.107 231.37 1.35 45.11 $250,000 $4,133,680.05
50.000 < LTV <= 55.000 75 2.31 10.877 227.76 2.07 51.26 $257,000 $3,247,466.05
55.000 < LTV <= 60.000 107 3.38 11.142 247.12 1.37 55.70 $190,000 $4,741,420.56
60.000 < LTV <= 65.000 152 5.23 11.407 231.67 1.80 60.46 $200,000 $7,342,268.77
65.000 < LTV <= 70.000 206 8.89 11.278 234.62 1.48 66.58 $378,000 $12,474,087.65
70.000 < LTV <= 75.000 365 15.51 11.029 248.04 1.35 69.84 $450,000 $21,772,232.10
75.000 < LTV <= 80.000 474 20.63 11.216 230.82 1.62 74.21 $640,000 $28,952,563.54
80.000 < LTV <= 85.000 767 31.96 11.321 225.10 1.49 74.36 $391,500 $44,857,036.53
85.000 < LTV <= 90.000 106 3.94 11.062 158.55 13.81 79.28 $212,550 $5,526,157.69
90.000 < LTV <= 95.000 13 .45 12.267 169.99 7.63 90.91 $131,234 $628,269.41
95.000 < LTV <= 100.000 2 .05 13.024 165.97 14.03 17.37 $47,000 $67,625.49
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balance <= 25,000 533 6.89 12.499 166.84 1.07 34.79 $25,000 $9,666,259.62
25,000 < Balance <= 50,000 902 23.99 11.582 211.06 1.75 61.84 $50,000 $33,675,672.27
50,000 < Balance <= 75,000 586 25.68 11.125 224.22 2.23 73.03 $75,000 $36,039,007.96
75,000 < Balance <= 100,000 268 16.41 10.923 244.75 2.21 74.68 $100,000 $23,032,277.61
100,000 < Balance <= 150,000 190 16.10 10.910 245.08 1.47 75.71 $150,000 $22,599,558.73
150,000 < Balance <= 207,000 45 5.58 10.678 267.94 2.75 72.09 $205,600 $7,834,057.82
207,000 < Balance <= 250,000 13 2.11 11.082 252.80 1.45 74.63 $250,000 $2,956,486.30
250,000 < Balance <= 300,000 6 1.14 9.831 358.52 1.48 74.50 $281,000 $1,602,407.44
300,000 < Balance <= 350,000 2 .47 7.822 296.18 1.59 76.68 $348,400 $657,500.31
350,000 < Balance <= 400,000 2 .55 10.862 153.65 26.35 80.14 $391,500 $766,496.66
400,000 < Balance <= 450,000 2 .63 11.021 270.94 .98 73.18 $450,000 $881,250.00
600,000 < Balance <= 750,000 1 .46 11.750 179.00 1.00 80.00 $640,000 $638,806.44
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE AMOUNT
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Current # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balance <= 25,000 536 6.94 12.500 166.53 1.22 34.81 $25,513 $9,734,379.59
25,000 < Balance <= 50,000 900 23.98 11.578 211.19 1.71 61.91 $50,400 $33,657,538.69
50,000 < Balance <= 75,000 587 25.74 11.123 223.79 2.43 73.04 $78,000 $36,126,145.80
75,000 < Balance <= 100,000 266 16.31 10.927 245.65 1.90 74.67 $100,000 $22,895,153.38
100,000 < Balance <= 150,000 190 16.10 10.910 245.08 1.47 75.71 $150,000 $22,599,558.73
150,000 < Balance <= 200,000 44 5.43 10.822 260.78 2.77 71.85 $212,550 $7,624,566.64
200,000 < Balance <= 250,000 14 2.26 10.708 271.04 1.49 75.04 $250,000 $3,165,977.48
250,000 < Balance <= 300,000 6 1.14 9.831 358.52 1.48 74.50 $281,000 $1,602,407.44
300,000 < Balance <= 350,000 2 .47 7.822 296.18 1.59 76.68 $348,400 $657,500.31
350,000 < Balance <= 400,000 2 .55 10.862 153.65 26.35 80.14 $391,500 $766,496.66
400,000 < Balance <= 450,000 2 .63 11.021 270.94 .98 73.18 $450,000 $881,250.00
600,000 < Balance <= 750,000 1 .46 11.750 179.00 1.00 80.00 $640,000 $638,806.44
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GEOGRAPHIC DISTRIBUTION
- - ------------------------------------------------------------------------------------------------------------------------------------
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE LTV LTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AL 38 .92 10.489 192.91 1.00 .00 17.00 69.60 69.50 $13,000 $105,000 $1,287,423 $33,880
AR 12 .34 10.298 186.84 .20 .00 1.00 63.30 63.26 $15,000 $75,000 $483,105 $40,259
AZ 78 2.38 11.992 186.53 2.96 .00 73.00 63.79 63.47 $6,426 $125,913 $3,341,616 $42,841
CA 162 9.13 10.536 277.18 2.06 .00 46.00 62.15 62.06 $6,984 $450,000 $12,807,314 $79,057
CO 85 3.64 11.617 218.60 .79 .00 5.00 66.77 66.72 $9,981 $269,500 $5,106,172 $60,073
CT 28 1.84 10.706 209.01 4.24 .00 36.00 73.11 72.77 $14,970 $638,806 $2,585,794 $92,350
DC 15 .71 9.486 79.91 30.78 .00 55.00 91.46 87.85 $10,780 $156,143 $992,682 $66,179
DE 15 .90 9.169 186.87 1.00 .00 2.00 78.55 78.38 $33,412 $235,914 $1,268,835 $84,589
FL 111 3.86 11.274 231.98 2.37 .00 53.00 70.24 70.09 $10,600 $157,829 $5,411,602 $48,753
GA 63 2.37 10.920 243.84 1.92 .00 43.00 71.40 71.20 $12,699 $217,111 $3,331,711 $52,884
HI 10 .98 10.191 356.82 3.18 2.00 4.00 50.90 50.82 $59,629 $272,702 $1,380,578 $138,058
IA 6 .21 10.800 299.05 .87 .00 2.00 74.41 74.32 $29,990 $67,972 $293,199 $48,867
ID 6 .26 11.679 247.45 .81 .00 2.00 63.85 63.83 $18,469 $191,695 $371,113 $61,852
IL 125 5.86 10.861 266.40 1.12 .00 5.00 69.67 69.59 $9,980 $250,000 $8,231,505 $65,852
IN 84 2.96 11.765 225.74 1.15 .00 4.00 74.87 74.76 $17,056 $149,470 $4,157,761 $49,497
KS 27 .90 12.247 171.66 .89 .00 4.00 65.91 65.83 $15,000 $188,752 $1,269,698 $47,026
KY 10 .34 11.680 219.54 1.43 .00 3.00 68.68 68.51 $21,907 $86,051 $477,369 $47,737
LA 34 1.16 10.913 266.08 1.01 .00 4.00 69.16 69.12 $17,472 $154,857 $1,634,247 $48,066
MA 35 1.97 10.679 243.83 1.40 .00 33.00 64.95 64.84 $14,927 $377,887 $2,770,661 $79,162
MD 103 4.69 11.311 253.64 2.69 .00 81.00 66.02 65.71 $10,305 $259,000 $6,583,931 $63,922
ME 2 .11 11.420 179.39 .61 .00 1.00 85.00 84.87 $59,500 $94,959 $154,459 $77,230
MI 119 4.40 11.810 209.15 1.49 .00 14.00 70.03 69.91 $5,695 $234,938 $6,170,979 $51,857
MN 13 .55 10.298 212.93 .60 .00 2.00 67.97 67.82 $18,088 $180,000 $775,904 $59,685
MO 84 2.61 11.575 195.65 .90 .00 5.00 73.28 73.21 $8,542 $237,905 $3,669,400 $43,683
MS 15 .36 11.415 198.08 1.30 .00 4.00 65.71 65.55 $16,500 $49,633 $499,477 $33,298
MT 2 .11 10.421 230.65 .00 .00 .00 85.00 85.00 $66,725 $84,150 $150,875 $75,438
NC 151 5.95 11.870 190.27 1.32 .00 12.00 76.63 76.55 $13,870 $431,250 $8,344,595 $55,262
ND 1 .01 12.750 180.00 .00 .00 .00 17.54 17.54 $20,000 $20,000 $20,000 $20,000
NE 8 .26 10.338 205.24 .71 .00 2.00 72.19 72.08 $19,958 $98,250 $363,718 $45,465
NH 1 .11 11.050 180.00 .00 .00 .00 80.00 80.00 $148,000 $148,000 $148,000 $148,000
NJ 84 4.55 10.881 203.49 5.82 .00 51.00 75.16 74.93 $14,909 $388,610 $6,387,141 $76,037
NM 12 .50 10.496 242.23 .97 .00 4.00 64.97 64.87 $22,740 $122,500 $699,196 $58,266
NV 16 .60 11.916 256.59 1.82 .00 6.00 55.80 55.77 $10,107 $109,150 $843,291 $52,706
NY 100 4.55 10.500 220.29 4.01 .00 61.00 64.13 63.72 $14,000 $249,924 $6,379,650 $63,796
OH 171 5.69 11.033 248.14 1.10 .00 7.00 72.56 72.44 $10,230 $142,416 $7,986,412 $46,704
OK 19 .47 12.718 196.60 1.28 .00 4.00 65.33 65.14 $13,600 $85,600 $653,042 $34,371
OR 31 1.32 10.986 253.54 .79 .00 4.00 62.25 62.20 $17,526 $168,800 $1,851,937 $59,740
PA 245 7.58 11.531 209.86 .79 .00 35.00 68.68 68.37 $5,589 $310,000 $10,643,342 $43,442
RI 11 .35 9.534 217.10 .18 .00 1.00 51.75 51.74 $19,000 $124,000 $492,645 $44,786
SC 91 3.14 11.506 198.45 .86 .00 5.00 74.09 73.99 $10,583 $128,000 $4,405,428 $48,411
TN 47 1.90 11.240 221.21 1.71 .00 5.00 76.68 76.54 $9,893 $263,588 $2,670,568 $56,821
TX 13 .41 12.996 288.76 2.46 1.00 3.00 56.76 56.54 $12,001 $141,795 $575,230 $44,248
UT 62 1.99 12.034 195.46 1.37 .00 5.00 50.15 50.07 $8,297 $163,000 $2,788,554 $44,977
VA 108 3.46 11.743 216.05 1.37 .00 48.00 65.23 65.09 $8,303 $165,000 $4,856,655 $44,969
VT 5 .22 10.692 273.13 .50 .00 1.00 71.26 71.20 $31,000 $84,770 $310,077 $62,015
WA 58 2.38 11.170 265.79 1.69 .00 6.00 59.95 59.87 $10,455 $144,500 $3,342,862 $57,636
WI 18 .58 11.778 279.53 1.42 .00 3.00 69.60 69.53 $14,924 $125,941 $815,288 $45,294
WV 8 .20 12.369 281.11 1.24 .00 3.00 67.79 67.77 $7,479 $65,987 $280,563 $35,070
WY 8 .20 11.619 209.19 .39 .00 3.00 59.11 59.08 $15,000 $65,000 $284,175 $35,522
- - ------------------------------------------------------------------------------------------------------------------------------------
Total.. 2,550 100.00%11.206 228.45 2.03 .00 81.00 68.50 68.32 $5,589 $638,806 $140,349,781 $55,039
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
PROPERTY-TYPE
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family Residence/PUD 2,256 88.93 11.178 229.38 1.95 68.52 $640,000 $124,807,006.88
Townhouses 60 1.69 11.824 165.01 8.68 75.11 $94,350 $2,378,712.55
Condominiums 41 1.49 10.926 228.79 1.81 62.81 $158,000 $2,088,755.13
Manufactured/Prefabricated Housing 68 2.25 12.182 196.74 1.13 73.15 $98,400 $3,163,003.69
2 units 69 3.17 10.723 245.37 1.69 67.86 $212,500 $4,455,749.55
3 or 4 units 47 2.08 11.577 262.73 1.88 61.10 $247,500 $2,912,736.56
Other 9 .39 12.270 153.33 .93 74.69 $102,000 $543,816.80
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 2,330 91.58 11.222 227.74 1.76 68.32 $640,000 $128,539,088.78
Non Owner Occ. 220 8.42 11.028 236.19 4.96 70.42 $269,500 $11,810,692.38
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DOCUMENTATION LEVEL
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Full Documentation 2,365 89.65 11.194 225.44 2.06 69.01 $391,500 $125,829,551.73
Documents to support Stated Income 74 4.33 11.443 219.44 1.30 64.77 $640,000 $6,083,809.85
Stated 1003/No Verif. of Income 108 5.57 11.511 273.52 2.31 62.33 $450,000 $7,813,919.58
Unknown 3 .44 7.505 360.00 .00 80.41 $281,000 $622,500.00
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN-PURPOSE
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Principle Current
Loan Pool WAC Term Age LTV Balance Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Purchase 185 10.14 10.806 210.43 9.42 82.83 $431,250 $14,232,963.75
Refinance/No ETO 178 8.85 11.250 248.14 1.94 72.10 $269,500 $12,423,516.27
Refinance/ETO 1,245 49.65 11.169 239.19 1.03 69.66 $450,000 $69,686,720.81
Debt Consolidation 744 25.50 11.334 211.93 1.25 62.33 $378,000 $35,789,192.63
Home Improvement 131 3.82 11.381 209.01 1.09 56.69 $640,000 $5,365,280.14
Personal Savings 17 .76 11.642 186.72 1.12 47.81 $250,000 $1,071,774.26
Tuition Expenses 1 .02 8.990 120.00 .00 50.51 $25,000 $25,000.00
Personal Expenses 46 1.20 12.120 234.51 1.89 55.63 $136,000 $1,687,217.97
Business Purpose 2 .02 14.322 179.54 .46 22.17 $17,526 $32,556.73
Other 1 .03 14.990 180.00 .00 84.66 $35,559 $35,558.60
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN GRADE 2-Dec-1996
- - --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Grade Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A+ 564 23.69 10.095 240.43 .99 68.54 $640,000 $33,255,754.09
A 694 28.04 11.011 215.98 2.43 68.35 $431,250 $39,348,589.23
A- 328 15.28 10.962 250.00 1.31 70.67 $273,000 $21,442,628.42
B 549 18.74 11.933 216.91 2.51 68.75 $212,500 $26,306,425.98
B- 4 .15 11.952 279.55 1.41 81.51 $62,625 $207,333.70
C 243 8.51 12.630 217.17 4.12 66.54 $391,500 $11,937,029.96
C- 28 1.28 11.691 273.63 2.39 65.31 $257,000 $1,802,977.80
D 137 3.95 13.813 212.46 1.40 63.68 $212,550 $5,548,299.15
Unknown 3 .36 7.708 358.87 1.13 78.08 $281,000 $500,742.83
- - --------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
==============================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LIEN STATUS 2-Dec-1996
- - ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total Total
# % Rem WA Orig Loan Current Original
Lien Status Loan Pool WAC Term Age LTV Amount Balance Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1st 1,974 87.75 10.997 237.41 2.12 74.13 $640,000 $123,150,114.23 $123,452,178.70
2nd 575 12.24 12.702 164.42 1.40 28.20 $250,000 $17,181,167.18 $17,268,093.84
3rd 1 .01 15.640 83.00 1.00 9.92 $18,643 $18,499.75 $18,642.54
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16 $140,738,915.08
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Delinquency Status Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Current 1,985 78.45 11.074 230.71 1.92 68.62 $640,000 $110,108,180.11
1-29 Days 532 20.33 11.693 222.14 2.13 67.72 $450,000 $28,532,809.24
30-59 Days 33 1.22 11.596 188.52 7.46 73.88 $247,500 $1,708,791.81
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
BALLOON LOANS
- - ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
BALLOON CODE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Yes 496 26.38 11.519 168.73 3.72 74.49 $640,000 $37,028,880.32
No 2,054 73.62 11.094 249.85 1.42 66.35 $450,000 $103,320,900.84
- - -------------------------------------------------------------------------------------------------------------------
Total..... 2,550 100.00% 11.206 228.45 2.03 68.50 $640,000 $140,349,781.16
===================================================================================================================
</TABLE>
<PAGE>
- - --------------------------------------------------------------------------------
- ADV64
- Cut Off Date of Tape is 11/15/96
- ARMs
- $100,306,649.95
- - --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Number of Mortgage Loans: 973
Index: Mixed
Aggregate Unpaid Principal Balance: $100,306,649.95
Aggregate Original Principal Balance: $100,607,153.92
- - --------------------------------------------------------------------------------
Weighted Average Coupon (Net): 9.863%
Net Coupon Range: 5.875% - 14.250%
Weighted Average Coupon (Gross): 10.363%
Gross Coupon Range: 6.375% - 14.750%
- - --------------------------------------------------------------------------------
Weighted Average Margin (Net): 5.214% * Excluding two loans which are
Net Margin Range: 2.000% - 9.000% missing their gross margin
Weighted Average Life Cap (Net): 16.692% * Excluding two loans with
Net Life Cap Range: 6.500% - 32.250% inaccurate life caps
Weighted Average Life Floor (Net): 9.083% * Excluding three loans with
Net Life Floor Range: 3.375% - 13.990% life floor less than margin
Weighted Average Margin (Gross): 5.714% * Excluding two loans which are
Gross Margin Range: 2.500% - 9.500% missing their gross margin
Weighted Average Life Cap (Gross): 17.192% * Excluding two loans with
Gross Life Cap Range: 7.000% - 32.750% inaccurate life caps
Weighted Average Life Floor (Gross): 9.583% * Excluding three loans with
Gross Life Floor Range: 3.875% - 14.490% life floor less than margin
- - --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $103,090.08
Average Original Principal Balance: $103,398.92
Maximum Unpaid Principal Balance: $698,000.00
Minimum Unpaid Principal Balance: $1,996.80
Maximum Original Principal Balance: $698,000.00
Minimum Original Principal Balance: $12,075.00
Weighted Avg. Stated Rem. Term (LPD to Mat Date): 351.644
Stated Rem Term Range: 59.000 - 360.000
Weighted Average Age (First Pay thru Last Pay): 3.424
Age Range: 0.000 - 114.000
Weighted Average Original Term: 355.069
Original Term Range: 60.000 - 360.000
Weighted Average Original LTV: 77.713
Original LTV Range: 8.110% - 95.000%
Weighted Average Combined LTV: 78.202
Combined LTV Range: 8.110% - 95.000%
Weighted Average Debt to Income Ratio: 43.193 **
Debt to Income Ratio Range: 1.370% - 100.000%**
Weighted Average Ongoing Periodic Interest Cap: 1.193% * Excluding two loans which are
Ongoing Periodic Interest Cap Range: 1.000% - 2.000% missing their Per Int Cap
Weighted Average Months to Interest Roll: 29.038
Months to Interest Roll Range: 1 - 82
Weighted Average Interest Roll Frequency: 6.590
Interest Frequency Range: 6 - 36
- - --------------------------------------------------------------------------------
</TABLE>
** Excluding 3 laons with missing Debt to Income Ratios
<PAGE>
<TABLE>
<CAPTION>
GROSS COUPON
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Balance Current
Coupon Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.25% < Gross Coupon <= 6.50% 1 .14 6.375 360.00 .00 59.18 $145,000 $145,000.00
7.25% < Gross Coupon <= 7.50% 2 .28 7.420 358.11 1.89 83.67 $221,000 $283,794.73
7.50% < Gross Coupon <= 7.75% 2 .31 7.612 358.52 1.48 77.38 $160,500 $306,570.66
7.75% < Gross Coupon <= 8.00% 8 1.25 7.937 359.05 .95 77.02 $250,000 $1,256,436.83
8.00% < Gross Coupon <= 8.25% 12 1.71 8.207 359.03 .97 69.81 $500,000 $1,713,765.12
8.25% < Gross Coupon <= 8.50% 14 1.88 8.421 352.11 1.95 78.17 $403,000 $1,882,668.97
8.50% < Gross Coupon <= 8.75% 30 2.84 8.711 354.29 2.18 76.29 $296,250 $2,853,331.27
8.75% < Gross Coupon <= 9.00% 40 4.75 8.886 351.22 3.35 79.36 $350,000 $4,762,313.42
9.00% < Gross Coupon <= 9.25% 37 5.20 9.178 354.00 1.88 76.14 $698,000 $5,215,617.72
9.25% < Gross Coupon <= 9.50% 61 7.05 9.438 354.70 2.21 79.06 $380,000 $7,070,213.27
9.50% < Gross Coupon <= 9.75% 68 6.99 9.700 353.75 3.60 77.98 $323,000 $7,008,634.98
9.75% < Gross Coupon <= 10.00% 99 11.84 9.938 350.76 3.25 77.23 $450,000 $11,879,092.04
10.00% < Gross Coupon <= 10.25% 78 9.05 10.209 352.69 4.00 79.23 $492,500 $9,082,171.24
10.25% < Gross Coupon <= 10.50% 78 7.28 10.454 349.57 5.80 78.84 $368,000 $7,299,006.93
10.50% < Gross Coupon <= 10.75% 61 6.35 10.683 352.04 4.19 78.09 $318,500 $6,369,646.35
10.75% < Gross Coupon <= 11.00% 77 8.15 10.948 351.11 5.40 78.88 $500,000 $8,176,638.47
11.00% < Gross Coupon <= 11.25% 51 4.68 11.185 353.10 5.28 79.23 $245,885 $4,691,001.01
11.25% < Gross Coupon <= 11.50% 45 3.49 11.435 349.22 4.66 76.60 $210,400 $3,505,332.56
11.50% < Gross Coupon <= 11.75% 39 3.30 11.690 344.15 1.62 77.69 $199,748 $3,306,851.15
11.75% < Gross Coupon <= 12.00% 53 4.76 11.958 345.68 2.00 79.48 $211,559 $4,771,369.48
12.00% < Gross Coupon <= 12.25% 24 1.90 12.184 352.21 2.58 74.75 $239,750 $1,910,812.16
12.25% < Gross Coupon <= 12.50% 28 1.97 12.444 348.33 3.29 75.57 $225,930 $1,974,005.68
12.50% < Gross Coupon <= 12.75% 18 1.39 12.667 348.10 1.47 78.40 $153,249 $1,399,203.16
12.75% < Gross Coupon <= 13.00% 25 1.79 12.976 351.20 1.76 74.49 $255,000 $1,798,134.14
13.00% < Gross Coupon <= 13.25% 4 .27 13.131 335.64 2.46 75.38 $107,000 $270,114.76
13.25% < Gross Coupon <= 13.50% 6 .33 13.433 357.84 2.16 69.89 $110,457 $331,669.61
13.50% < Gross Coupon <= 13.75% 3 .21 13.733 358.61 1.39 75.09 $117,238 $206,840.99
13.75% < Gross Coupon <= 14.00% 6 .65 13.990 359.13 .87 78.89 $228,800 $650,554.85
14.25% < Gross Coupon <= 14.50% 2 .16 14.380 358.06 1.94 73.57 $123,762 $157,811.56
14.50% < Gross Coupon <= 14.75% 1 .03 14.750 240.00 .00 58.43 $28,047 $28,046.84
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL MATURITY
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Maturity Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
50 < Original Maturity <= 60 3 .08 9.440 59.22 .78 53.78 $34,000 $79,017.52
110 < Original Maturity <= 120 2 .11 9.298 119.74 .26 39.11 $83,000 $112,854.59
140 < Original Maturity <= 150 1 .06 11.375 144.00 .00 61.44 $59,600 $59,600.00
170 < Original Maturity <= 180 22 1.10 10.527 179.28 .72 70.46 $140,000 $1,106,253.07
220 < Original Maturity <= 230 3 .24 9.652 227.31 .69 63.90 $117,000 $241,744.80
230 < Original Maturity <= 240 24 1.63 11.411 239.50 .50 80.24 $187,010 $1,635,517.41
290 < Original Maturity <= 300 1 .06 11.990 299.00 1.00 84.99 $61,190 $61,190.37
350 < Original Maturity <= 360 917 96.71 10.345 356.48 3.52 77.99 $698,000 $97,010,472.19
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
REMAINING TERM
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Remaining Term Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
48 < Rem Term <= 60 3 .08 9.440 59.22 .78 53.78 $34,000 $79,017.52
108 < Rem Term <= 120 2 .11 9.298 119.74 .26 39.11 $83,000 $112,854.59
132 < Rem Term <= 144 1 .06 11.375 144.00 .00 61.44 $59,600 $59,600.00
168 < Rem Term <= 180 22 1.10 10.527 179.28 .72 70.46 $140,000 $1,106,253.07
216 < Rem Term <= 228 3 .24 9.652 227.31 .69 63.90 $117,000 $241,744.80
228 < Rem Term <= 240 24 1.63 11.411 239.50 .50 80.24 $187,010 $1,635,517.41
240 < Rem Term <= 252 1 .01 10.095 246.00 114.00 27.67 $14,665 $13,376.58
252 < Rem Term <= 264 1 .03 10.000 257.00 103.00 44.06 $31,500 $29,506.75
288 < Rem Term <= 300 1 .06 11.990 299.00 1.00 84.99 $61,190 $61,190.37
312 < Rem Term <= 324 2 .24 8.895 322.67 37.33 88.29 $165,000 $237,343.92
336 < Rem Term <= 348 29 2.81 10.902 347.55 12.45 76.03 $217,000 $2,820,223.28
348 < Rem Term <= 360 884 93.62 10.332 356.88 3.12 78.04 $698,000 $93,910,021.66
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ORIGINATION YEAR
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Year of # % Rem WA Orig Loan Current
Origination Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1987 1 .01 10.095 246.00 114.00 27.67 $14,665 $13,376.58
1988 1 .03 10.000 257.00 103.00 44.06 $31,500 $29,506.75
1993 2 .24 8.895 322.67 37.33 88.29 $165,000 $237,343.92
1995 152 15.84 10.679 349.56 10.44 76.58 $500,000 $15,892,362.43
1996 817 83.88 10.307 352.17 1.95 78.07 $698,000 $84,134,060.27
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
ORIGINAL LTV RANGE
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
LTV # % Rem WA Orig Loan Current
RANGE Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
5.000 < LTV <= 10.000 2 .04 9.792 138.66 1.33 9.16 $30,000 $44,775.89
10.000 < LTV <= 15.000 3 .10 12.044 350.90 9.10 13.82 $40,000 $102,701.00
15.000 < LTV <= 20.000 9 .28 12.117 351.70 8.30 17.38 $50,500 $278,084.21
20.000 < LTV <= 25.000 10 .31 11.288 352.78 7.22 22.67 $58,009 $312,524.05
25.000 < LTV <= 30.000 10 .29 11.056 324.69 9.70 27.81 $42,000 $295,158.61
30.000 < LTV <= 35.000 3 .12 11.345 348.71 11.29 32.16 $44,000 $123,553.09
35.000 < LTV <= 40.000 7 .28 10.994 303.11 1.41 38.56 $60,000 $281,988.93
40.000 < LTV <= 45.000 7 .40 10.283 347.65 12.35 42.49 $116,438 $401,184.44
45.000 < LTV <= 50.000 13 1.27 9.228 332.59 1.18 49.33 $500,000 $1,269,452.20
50.000 < LTV <= 55.000 15 1.10 10.312 347.29 3.09 52.82 $165,000 $1,103,044.23
55.000 < LTV <= 60.000 23 1.84 10.300 347.39 3.14 58.16 $400,000 $1,844,655.92
60.000 < LTV <= 65.000 46 3.63 10.811 337.55 2.92 63.73 $356,000 $3,644,054.84
65.000 < LTV <= 70.000 50 5.76 10.231 354.57 3.95 68.88 $500,000 $5,780,776.12
70.000 < LTV <= 75.000 142 14.45 10.100 353.74 3.11 74.14 $698,000 $14,497,495.68
75.000 < LTV <= 80.000 237 26.48 10.185 352.41 4.13 79.22 $492,500 $26,560,284.07
80.000 < LTV <= 85.000 363 39.81 10.534 353.22 2.51 84.35 $403,000 $39,933,552.09
85.000 < LTV <= 90.000 30 3.45 10.779 351.59 6.62 86.71 $324,000 $3,455,914.00
90.000 < LTV <= 95.000 3 .38 9.305 327.03 16.93 94.27 $168,150 $377,450.58
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.71 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
GROSS MARGIN
- - -------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Margin Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Gross Margin = 0.00% * 2 .12 12.332 320.82 .00 63.12 $80,041 $118,843.42
2.25% < Gross Margin <= 2.50% 1 .17 9.675 358.00 2.00 67.19 $170,000 $169,838.19
2.75% < Gross Margin <= 3.00% 2 .32 8.519 341.32 18.68 87.93 $165,000 $324,041.22
3.00% < Gross Margin <= 3.25% 3 .24 7.484 340.99 19.01 62.62 $145,000 $236,574.07
3.25% < Gross Margin <= 3.50% 2 .15 8.594 359.64 .36 61.36 $100,000 $155,219.75
3.50% < Gross Margin <= 3.75% 2 .11 8.740 360.00 .00 60.94 $79,125 $114,125.00
3.75% < Gross Margin <= 4.00% 4 .30 10.308 358.32 1.68 83.82 $96,502 $302,207.00
4.00% < Gross Margin <= 4.25% 33 4.31 9.800 350.49 1.32 77.66 $350,000 $4,326,851.68
4.25% < Gross Margin <= 4.50% 23 2.27 9.633 359.00 1.00 78.85 $221,000 $2,278,142.03
4.50% < Gross Margin <= 4.75% 77 7.39 9.371 354.29 1.86 78.29 $280,000 $7,413,765.32
4.75% < Gross Margin <= 5.00% 59 6.67 9.959 350.49 .79 79.83 $492,500 $6,686,577.48
5.00% < Gross Margin <= 5.25% 89 9.08 10.075 351.81 4.17 79.04 $307,632 $9,111,717.82
5.25% < Gross Margin <= 5.50% 110 11.74 9.996 352.72 4.56 77.72 $403,000 $11,778,529.55
5.50% < Gross Margin <= 5.75% 128 15.14 10.057 353.21 5.37 79.10 $500,000 $15,190,773.73
5.75% < Gross Margin <= 6.00% 89 8.91 10.569 351.45 3.86 76.21 $698,000 $8,939,325.94
6.00% < Gross Margin <= 7.00% 275 26.34 10.903 348.63 3.34 77.07 $500,000 $26,421,896.51
7.00% < Gross Margin <= 8.00% 58 5.30 11.771 354.92 1.34 77.93 $318,500 $5,320,120.58
8.00% < Gross Margin <= 9.00% 15 1.37 13.014 356.25 1.29 74.29 $228,800 $1,370,693.55
9.00% < Gross Margin <= 10.00% 1 .05 13.125 356.00 4.00 65.00 $47,450 $47,407.11
- - --------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
==============================================================================================================
</TABLE>
* Missing Information
<PAGE>
<TABLE>
<CAPTION>
Gross Life Cap
- - --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Life Cap Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.75% < Gross Life Cap <= 7.00 1 .08 9.990 348.00 12.00 64.00 $80,000 $79,546.30
10.25% < Gross Life Cap <= 10.50 1 .16 8.797 323.00 37.00 94.83 $165,000 $159,146.43
11.75% < Gross Life Cap <= 12.00 1 .08 9.094 322.00 38.00 74.98 $80,600 $78,197.49
13.25% < Gross Life Cap <= 13.50 2 .36 6.994 359.40 .60 74.77 $221,000 $365,832.67
13.50% < Gross Life Cap <= 13.75 1 .15 7.625 358.00 2.00 80.00 $146,400 $146,187.41
13.75% < Gross Life Cap <= 14.00 1 .01 10.095 246.00 114.00 27.67 $14,665 $13,376.58
14.00% < Gross Life Cap <= 14.25 1 .22 8.250 358.00 2.00 84.99 $220,050 $219,768.38
14.25% < Gross Life Cap <= 14.50 8 .80 9.053 343.13 8.62 77.96 $280,000 $798,898.02
14.50% < Gross Life Cap <= 14.75 5 .44 8.286 357.99 2.01 79.20 $160,500 $444,697.53
14.75% < Gross Life Cap <= 15.00 17 1.93 8.345 356.06 3.94 76.67 $250,000 $1,932,783.58
15.00% < Gross Life Cap <= 15.25 22 3.15 8.809 357.24 2.76 71.03 $698,000 $3,163,807.28
15.25% < Gross Life Cap <= 15.50 41 5.27 9.339 353.65 5.48 78.49 $403,000 $5,285,459.47
15.50% < Gross Life Cap <= 15.75 40 3.99 9.242 354.60 2.89 77.97 $296,250 $3,998,029.36
15.75% < Gross Life Cap <= 16.00 76 9.36 9.637 352.83 4.41 79.96 $350,000 $9,392,482.45
16.00% < Gross Life Cap <= 16.25 39 5.30 9.526 353.88 2.07 75.55 $400,000 $5,319,562.66
16.25% < Gross Life Cap <= 16.50 67 7.41 9.797 354.13 2.92 80.02 $380,000 $7,427,819.93
16.50% < Gross Life Cap <= 16.75 57 6.08 10.112 354.27 2.69 78.00 $340,000 $6,101,920.87
16.75% < Gross Life Cap <= 17.00 84 9.97 10.034 349.71 3.17 77.34 $450,000 $9,999,086.69
17.00% < Gross Life Cap <= 17.25 47 5.19 10.348 351.96 2.26 79.42 $492,500 $5,205,323.48
17.25% < Gross Life Cap <= 17.50 72 6.60 10.518 349.13 5.77 78.25 $212,000 $6,616,892.20
17.50% < Gross Life Cap <= 17.75 37 4.08 10.674 350.82 3.30 79.01 $318,500 $4,087,950.36
17.75% < Gross Life Cap <= 18.00 61 6.04 11.007 351.10 4.19 78.73 $500,000 $6,061,451.59
18.00% < Gross Life Cap <= 18.25 47 4.42 11.248 353.57 4.72 77.84 $239,750 $4,429,405.43
18.25% < Gross Life Cap <= 18.50 35 2.32 11.494 347.96 2.81 74.15 $165,572 $2,325,253.27
18.50% < Gross Life Cap <= 18.75 36 3.02 11.685 343.54 .91 77.28 $199,748 $3,028,473.05
18.75% < Gross Life Cap <= 19.00 50 4.44 11.973 345.42 1.39 79.95 $211,559 $4,458,050.15
19.00% < Gross Life Cap <= 19.25 20 1.39 12.186 350.35 2.50 76.73 $147,002 $1,391,018.49
19.25% < Gross Life Cap <= 19.50 25 1.85 12.442 350.49 3.10 77.32 $225,930 $1,854,110.55
19.50% < Gross Life Cap <= 19.75 16 1.21 12.702 347.08 .89 80.58 $153,249 $1,213,288.74
19.75% < Gross Life Cap <= 20.00 22 1.67 12.977 353.36 1.48 76.00 $255,000 $1,675,736.03
20.00% < Gross Life Cap <= 20.25 3 .22 13.132 331.31 2.13 77.59 $107,000 $222,707.65
20.25% < Gross Life Cap <= 20.50 6 .33 13.433 357.84 2.16 69.89 $110,457 $331,669.61
20.50% < Gross Life Cap <= 20.75 2 .17 13.750 358.31 1.69 74.06 $117,238 $170,840.99
20.75% < Gross Life Cap <= 21.00 6 .65 13.990 359.13 .87 78.89 $228,800 $650,554.85
21.00% < Gross Life Cap <= 22.00 3 .19 14.436 340.24 1.65 71.29 $123,762 $185,858.40
23.00% < Gross Life Cap <= 24.00 1 .20 8.875 357.00 3.00 85.00 $199,750 $199,411.53
24.00% < Gross Life Cap <= 25.00 1 .15 9.140 358.00 2.00 70.00 $152,600 $152,437.47
Gross Life Cap > 25.00 * 19 1.12 11.351 349.62 2.63 63.36 $152,750 $1,119,613.01
- - --------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
==============================================================================================================
</TABLE>
* Includes two loans with inaccurate Life Caps
<PAGE>
<TABLE>
<CAPTION>
Gross Life Floor
- - --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Gross # % Rem WA Orig Loan Current
Life Floor Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
0.00% <=Life Floor <= 1.00% * 1 .20 8.875 357.00 3.00 85.00 $199,750 $199,411.53
2.00% < Life Floor <= 2.50% * 1 .16 8.797 323.00 37.00 94.83 $165,000 $159,146.43
3.50% < Life Floor <= 4.00% * 1 .08 9.094 322.00 38.00 74.98 $80,600 $78,197.49
4.25% < Life Floor <= 4.50% 2 .18 9.467 356.86 3.14 73.97 $110,000 $177,202.09
4.50% < Life Floor <= 4.75% 8 .77 10.039 359.22 .78 82.44 $158,100 $776,067.31
4.75% < Life Floor <= 5.00% 3 .19 9.917 357.71 2.29 79.42 $113,600 $192,625.22
5.00% < Life Floor <= 5.25% 4 .38 9.987 358.56 1.44 81.52 $135,000 $382,551.31
5.25% < Life Floor <= 5.50% 5 .41 9.999 357.32 2.68 99.77 $131,750 $410,947.21
5.50% < Life Floor <= 5.75% 1 .13 9.375 357.00 3.00 85.00 $127,500 $127,305.32
5.75% < Life Floor <= 6.00% 2 .26 10.259 358.23 1.77 77.30 $198,750 $258,055.96
6.25% < Life Floor <= 6.50% 4 .50 8.491 358.72 1.28 70.65 $145,000 $505,977.32
6.50% < Life Floor <= 6.75% 2 .18 8.062 358.00 2.00 79.08 $146,400 $179,158.09
7.00% < Life Floor <= 7.25% 2 .26 10.868 359.29 .71 83.82 $199,750 $261,287.02
7.25% < Life Floor <= 7.50% 11 1.56 9.127 354.94 5.06 79.31 $350,000 $1,566,061.29
7.50% < Life Floor <= 7.75% 1 .16 7.600 359.00 1.00 75.00 $160,500 $160,383.25
7.75% < Life Floor <= 8.00% 12 1.55 8.185 357.54 2.46 78.36 $250,000 $1,551,248.28
8.00% < Life Floor <= 8.25% 19 2.34 8.633 356.34 3.66 70.59 $500,000 $2,346,967.30
8.25% < Life Floor <= 8.50% 36 4.52 9.306 351.36 6.17 77.63 $403,000 $4,531,520.56
8.50% < Life Floor <= 8.75% 34 3.42 9.176 353.74 3.33 76.51 $296,250 $3,434,083.28
8.75% < Life Floor <= 9.00% 222 23.35 11.057 348.56 2.11 80.58 $324,000 $23,418,458.80
9.00% < Life Floor <= 9.25% 37 5.40 9.386 353.97 2.06 76.13 $698,000 $5,415,687.70
9.25% < Life Floor <= 9.50% 65 7.31 9.735 354.17 2.84 79.04 $380,000 $7,328,128.73
9.50% < Life Floor <= 9.75% 58 5.78 9.957 354.12 2.67 78.68 $340,000 $5,796,230.73
9.75% < Life Floor <= 10.00% 79 8.81 9.996 350.97 3.51 76.73 $450,000 $8,833,412.88
10.00% < Life Floor <= 10.25% 46 5.31 10.333 352.26 2.08 77.45 $492,500 $5,321,406.25
10.25% < Life Floor <= 10.50% 68 6.19 10.483 348.38 6.18 76.93 $212,000 $6,206,402.66
10.50% < Life Floor <= 10.75% 39 4.06 10.675 353.02 3.72 77.58 $318,500 $4,075,703.51
10.75% < Life Floor <= 11.00% 58 5.41 11.011 349.47 5.28 76.81 $500,000 $5,430,737.11
11.00% < Life Floor <= 11.25% 43 3.85 11.204 354.59 5.41 77.67 $234,000 $3,857,515.57
11.25% < Life Floor <= 11.50% 27 1.69 11.486 348.79 3.62 72.20 $127,500 $1,696,137.78
11.50% < Life Floor <= 11.75% 18 1.41 11.693 343.31 1.41 77.18 $165,750 $1,415,829.72
11.75% < Life Floor <= 12.00% 21 1.60 11.922 356.87 3.13 76.09 $166,500 $1,609,270.12
12.00% < Life Floor <= 12.25% 10 .84 12.146 356.39 3.61 73.70 $239,750 $845,636.15
12.25% < Life Floor <= 12.50% 14 .75 12.438 353.20 6.80 69.47 $94,125 $755,959.97
12.50% < Life Floor <= 12.75% 5 .35 12.686 356.35 3.65 69.36 $79,950 $353,804.57
12.75% < Life Floor <= 13.00% 6 .25 12.932 335.48 8.59 49.42 $60,244 $252,765.95
13.00% < Life Floor <= 13.25% 2 .15 13.135 356.00 4.00 75.27 $107,000 $153,595.32
13.25% < Life Floor <= 13.50% 3 .09 13.290 352.03 7.97 37.00 $32,288 $89,866.02
13.50% < Life Floor <= 13.75% 1 .04 13.650 360.00 .00 80.00 $36,000 $36,000.00
13.75% < Life Floor <= 14.00% 1 .08 13.990 357.00 3.00 53.53 $81,900 $81,854.65
14.25% < Life Floor <= 14.50% 1 .03 14.490 351.00 9.00 65.00 $34,125 $34,049.50
- - --------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
==============================================================================================================
</TABLE>
* Three loans with Life Floors less than the Gross Margins
<TABLE>
<CAPTION>
ONGOING PERIODIC INTEREST CAP
- - --------------------------------------------------------------------------------------------------------------
Periodic WA WA Max. Orig Total
Interest # % Rem WA Orig Loan Current
Cap Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1.000% 554 56.35 10.433 351.72 1.06 78.49 $492,500 $56,520,093.38
1.250% 312 31.01 10.513 351.53 8.47 76.99 $500,000 $31,107,707.44
1.500% 15 1.97 9.335 359.16 .84 79.69 $225,000 $1,974,686.01
2.000% 90 10.55 9.717 350.55 1.70 76.76 $698,000 $10,585,319.70
Unknown 2 .12 12.332 320.82 .00 63.12 $80,041 $118,843.42
- - --------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
==============================================================================================================
</TABLE>
<PAGE>
NEXT INTEREST ADJUSTMENT DATE
- - --------------------------------------------------------------------------------
Next
Interest
Adjustment # % Max. Loan
Date Loans Pool WAC WAM WALTV Amount
12/01/96 1 .09 8.49 356.00 85.00 $95,200
01/01/97 44 5.28 9.80 352.72 80.31 $450,000
02/01/97 26 3.12 10.04 350.51 76.33 $323,000
03/01/97 47 5.08 9.84 355.22 81.46 $368,000
04/01/97 65 7.01 9.56 356.60 77.33 $403,000
05/01/97 72 8.62 9.77 354.46 77.52 $400,000
06/01/97 51 6.57 10.14 351.42 76.24 $698,000
07/01/97 4 .52 8.38 357.81 76.49 $146,400
08/01/97 3 .25 9.20 356.51 81.35 $120,000
09/01/97 8 .75 9.79 353.79 74.46 $177,125
10/01/97 15 1.70 9.80 342.58 72.44 $241,000
11/01/97 20 2.44 9.93 349.24 79.26 $306,000
12/01/97 16 2.44 9.13 360.00 75.83 $500,000
01/01/98 2 .11 8.47 346.55 61.68 $100,000
02/01/98 1 .16 10.50 351.00 84.99 $158,000
07/01/98 1 .21 10.88 343.00 70.00 $217,000
09/01/98 8 1.15 9.90 357.40 80.48 $307,000
10/01/98 15 1.87 10.53 358.36 78.58 $178,200
11/01/98 14 1.75 9.82 358.83 79.89 $350,000
12/01/98 5 .54 10.85 360.00 81.94 $195,500
04/01/99 1 .06 10.24 354.00 85.00 $64,600
05/01/99 6 .55 10.53 353.92 78.74 $121,600
06/01/99 13 1.44 10.89 354.90 79.57 $234,000
07/01/99 2 .13 13.34 356.63 57.81 $81,900
08/01/99 7 .57 11.77 356.63 73.62 $167,450
09/01/99 19 1.49 11.09 354.41 74.53 $152,600
10/01/99 31 2.80 10.83 342.57 81.29 $187,010
11/01/99 60 5.33 10.43 359.42 77.62 $350,000
12/01/99 45 5.13 10.13 353.63 79.39 $492,500
01/01/00 1 .08 8.63 360.00 75.00 $79,125
11/01/00 6 .50 10.37 347.88 75.47 $170,000
12/01/00 18 1.69 10.71 348.62 77.61 $159,800
01/01/01 34 2.89 10.88 349.54 75.59 $212,000
02/01/01 37 3.66 10.92 350.54 72.73 $500,000
03/01/01 28 1.95 11.21 351.49 69.88 $127,500
04/01/01 13 .98 11.03 352.48 73.82 $165,000
05/01/01 3 .14 11.22 353.00 73.17 $91,125
07/01/01 1 .07 10.03 355.00 75.00 $67,500
08/01/01 1 .02 10.75 356.00 65.00 $23,335
09/01/01 49 4.68 11.67 347.31 79.51 $299,038
10/01/01 75 7.14 11.58 348.20 81.88 $313,744
11/01/01 60 5.17 10.98 333.72 76.54 $234,000
12/01/01 40 3.67 10.04 352.68 79.41 $330,000
01/01/02 2 .10 9.99 306.98 77.95 $71,250
07/01/03 1 .05 10.75 356.00 64.20 $52,000
08/01/03 1 .03 10.99 356.00 18.79 $31,000
09/01/03 1 .02 12.85 177.00 55.00 $22,550
- - --------------------------------------------------------------------------------
Total..... 973 100.00%
================================================================================
<TABLE>
<CAPTION>
ORIGINAL MORTGAGE AMOUNT
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Original # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balance <= 25,000 24 .47 10.839 307.66 6.62 47.64 $25,000 $468,480.70
25,000 < Balance <= 50,000 142 5.58 11.105 333.95 3.88 65.87 $50,000 $5,597,252.89
50,000 < Balance <= 75,000 232 14.40 10.743 344.84 3.55 77.08 $75,000 $14,441,556.60
75,000 < Balance <= 100,000 194 16.77 10.454 353.23 3.60 78.59 $100,000 $16,818,464.40
100,000 < Balance <= 150,000 213 26.07 10.333 352.38 3.58 79.98 $148,835 $26,154,292.12
150,000 < Balance <= 207,000 102 17.59 10.219 355.52 3.21 79.88 $204,760 $17,643,851.46
207,000 < Balance <= 250,000 31 7.01 10.068 356.49 3.51 78.90 $250,000 $7,027,279.38
250,000 < Balance <= 300,000 10 2.76 10.127 356.72 3.28 78.74 $299,038 $2,769,151.70
300,000 < Balance <= 350,000 15 4.83 9.885 357.50 2.50 79.91 $350,000 $4,843,638.05
350,000 < Balance <= 400,000 4 1.50 10.030 357.55 2.45 70.29 $400,000 $1,502,176.73
400,000 < Balance <= 450,000 2 .85 9.207 356.95 3.05 79.42 $450,000 $851,674.17
450,000 < Balance <= 500,000 3 1.49 9.827 356.99 3.01 65.39 $500,000 $1,490,831.75
600,000 < Balance <= 750,000 1 .70 9.250 360.00 .00 72.71 $698,000 $698,000.00
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CURRENT MORTGAGE AMOUNT
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
Current # % Rem WA Orig Loan Current
Mortgage Amt. Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Balance <= 25,000 26 .49 10.861 309.90 6.87 49.74 $85,400 $495,441.59
25,000 < Balance <= 50,000 141 5.56 11.103 333.89 3.84 65.78 $50,000 $5,572,288.80
50,000 < Balance <= 75,000 233 14.47 10.737 344.87 3.57 76.99 $80,000 $14,511,103.45
75,000 < Balance <= 100,000 192 16.70 10.458 353.23 3.58 78.67 $100,000 $16,746,920.75
100,000 < Balance <= 150,000 213 26.07 10.333 352.38 3.58 79.98 $148,835 $26,154,292.12
150,000 < Balance <= 200,000 96 16.38 10.250 355.24 3.39 79.75 $200,000 $16,426,918.37
200,000 < Balance <= 250,000 37 8.22 10.030 356.91 3.09 79.32 $250,000 $8,244,212.47
250,000 < Balance <= 300,000 11 3.06 10.138 355.97 4.03 79.35 $300,900 $3,068,368.56
300,000 < Balance <= 350,000 14 4.53 9.861 358.06 1.94 79.58 $350,000 $4,544,421.19
350,000 < Balance <= 400,000 4 1.50 10.030 357.55 2.45 70.29 $400,000 $1,502,176.73
400,000 < Balance <= 450,000 2 .85 9.207 356.95 3.05 79.42 $450,000 $851,674.17
450,000 < Balance <= 500,000 3 1.49 9.827 356.99 3.01 65.39 $500,000 $1,490,831.75
600,000 < Balance <= 750,000 1 .70 9.250 360.00 .00 72.71 $698,000 $698,000.00
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
GEOGRAPHIC DISTRIBUTION
- - ------------------------------------------------------------------------------------------------------------------------------------
Calc.
WA WA WA Min. Curr Max. Curr Total Avg.
# % Rem WA MIN MAX Orig Curr Loan Loan Current Curr
State Loans Pool WAC Term Age AGE AGE LTV LTV Amount Amount Balance Bal
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AL 3 .13 11.102 317.68 .39 .00 1.00 77.18 77.17 $29,750 $49,980 $127,730 $42,577
AR 1 .02 12.850 177.00 3.00 3.00 3.00 55.00 54.57 $22,373 $22,373 $22,373 $22,373
AZ 15 1.19 11.564 339.48 .92 .00 4.00 72.35 72.29 $22,117 $159,138 $1,198,033 $79,869
CA 163 23.04 9.971 355.20 3.59 .00 38.00 76.22 76.05 $24,101 $500,000 $23,108,199 $141,768
CO 25 2.69 10.957 358.86 1.14 .00 3.00 80.57 80.53 $23,151 $349,814 $2,693,887 $107,755
CT 7 .58 10.249 345.87 1.20 .00 2.00 75.63 75.58 $14,991 $135,855 $584,454 $83,493
DE 3 .17 10.585 309.58 1.00 1.00 1.00 75.99 75.93 $47,381 $74,227 $172,586 $57,529
FL 13 2.02 9.350 358.32 1.68 .00 6.00 76.76 76.69 $45,582 $698,000 $2,030,704 $156,208
GA 4 .83 9.666 356.93 3.07 .00 4.00 80.64 80.52 $66,204 $449,164 $836,284 $209,071
IA 3 .13 9.937 249.17 .73 .00 1.00 74.40 74.31 $35,000 $55,860 $129,472 $43,157
ID 9 .64 10.651 350.48 9.52 6.00 12.00 77.18 76.55 $46,236 $151,282 $640,041 $71,116
IL 35 3.82 10.017 352.32 .72 .00 5.00 80.95 80.88 $1,997 $247,528 $3,827,495 $109,357
IN 23 1.66 10.555 352.84 .74 .00 3.00 86.89 86.84 $22,500 $152,946 $1,663,475 $72,325
KS 1 .02 10.250 359.00 1.00 1.00 1.00 64.79 64.76 $22,990 $22,990 $22,990 $22,990
KY 17 1.07 11.224 334.97 6.47 .00 13.00 71.37 71.13 $29,006 $111,558 $1,073,169 $63,128
LA 7 .40 10.163 340.97 1.08 .00 4.00 66.22 66.18 $29,855 $77,480 $399,181 $57,026
MA 10 1.31 10.572 349.39 .80 .00 2.00 74.48 74.44 $53,512 $239,750 $1,312,144 $131,214
MD 26 2.84 10.667 359.44 .56 .00 3.00 82.38 82.36 $33,988 $202,427 $2,852,339 $109,705
ME 1 .16 9.875 360.00 .00 .00 .00 82.82 82.82 $161,500 $161,500 $161,500 $161,500
MI 41 3.86 10.218 350.90 1.11 .00 4.00 76.47 76.41 $18,958 $379,813 $3,875,544 $94,525
MN 2 .14 11.151 359.07 .93 .00 2.00 75.00 74.97 $66,700 $76,500 $143,200 $71,600
MO 7 .45 9.567 329.72 .88 .00 2.00 74.82 74.76 $18,500 $145,000 $450,046 $64,292
MT 2 .19 10.810 351.00 9.00 9.00 9.00 80.00 79.72 $75,721 $113,620 $189,340 $94,670
NC 8 .67 10.432 358.51 1.49 .00 4.00 82.60 82.52 $33,586 $146,085 $672,555 $84,069
NH 1 .07 10.875 179.00 1.00 1.00 1.00 63.29 63.15 $74,833 $74,833 $74,833 $74,833
NJ 27 3.27 9.784 349.68 1.81 .00 5.00 76.09 76.02 $14,921 $198,662 $3,276,843 $121,365
NV 17 2.43 10.388 350.36 9.64 2.00 17.00 77.90 77.53 $15,544 $338,996 $2,435,580 $143,269
NY 15 1.81 9.199 347.27 .60 .00 2.00 73.53 73.50 $26,986 $330,000 $1,815,170 $121,011
OH 118 8.68 10.337 350.50 4.50 .00 12.00 79.16 78.98 $12,028 $244,861 $8,711,459 $73,826
OK 13 .72 11.842 259.60 .82 .00 2.00 82.27 82.19 $44,004 $73,935 $719,960 $55,382
OR 79 8.33 10.624 353.54 6.46 .00 12.00 75.60 75.28 $15,528 $498,332 $8,354,481 $105,753
PA 57 4.91 11.001 350.50 .80 .00 3.00 76.91 76.88 $27,755 $295,000 $4,923,681 $86,380
RI 3 .32 9.843 358.40 1.60 1.00 4.00 68.30 68.26 $19,968 $233,869 $318,786 $106,262
SC 2 .43 9.523 359.53 .47 .00 2.00 76.96 76.94 $101,064 $329,700 $430,764 $215,382
TN 4 .25 10.007 358.92 1.08 .00 2.00 75.08 75.05 $41,261 $94,360 $255,079 $63,770
TX 3 .33 8.830 357.59 2.41 2.00 4.00 83.59 83.48 $23,299 $219,768 $333,041 $111,014
UT 39 4.33 10.291 356.08 3.92 .00 114.00 79.08 78.93 $13,377 $402,510 $4,342,608 $111,349
VA 34 3.16 11.914 347.26 .44 .00 2.00 83.45 83.38 $32,971 $255,000 $3,170,610 $93,253
WA 130 12.49 10.580 352.46 5.82 .00 14.00 79.33 79.08 $25,000 $366,364 $12,531,604 $96,397
WI 4 .37 9.370 359.73 .27 .00 1.00 84.34 84.32 $65,000 $138,500 $373,442 $93,360
WV 1 .05 12.050 358.00 2.00 2.00 2.00 80.00 79.95 $51,970 $51,970 $51,970 $51,970
- - ------------------------------------------------------------------------------------------------------------------------------------
Total.. 973 100.00%10.363 351.64 3.42 .00 114.00 77.84 77.69 $1,997 $698,000 $100,306,650 $103,090
====================================================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PROPERTY-TYPE
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Single Family Residence/PUD 874 90.56 10.337 351.53 3.36 77.87 $698,000 $90,841,545.06
Townhouses 16 1.42 11.121 353.01 2.90 80.06 $200,280 $1,427,111.22
Condominiums 17 1.42 10.444 354.53 5.47 77.20 $198,750 $1,423,785.18
Manufactured/Prefabricated Housing 8 .58 10.813 330.64 .83 79.03 $128,800 $584,695.24
2 units 37 3.50 10.385 355.59 4.41 76.31 $248,000 $3,514,007.10
3 or 4 units 19 2.21 10.712 351.96 4.63 76.98 $368,000 $2,214,016.56
Other 2 .30 10.567 359.36 .64 84.94 $192,769 $301,489.59
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
OCCUPANCY
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Owner Occ. 865 89.72 10.362 351.40 3.30 78.38 $698,000 $89,995,534.33
Non Owner Occ. 108 10.28 10.368 353.78 4.55 73.20 $500,000 $10,311,115.62
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
DOCUMENTATION LEVEL
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Full Documentation 819 81.68 10.404 350.99 3.08 78.65 $500,000 $81,930,373.02
Documents to support Stated Income 63 8.52 9.813 355.92 3.58 76.98 $698,000 $8,549,415.55
Stated 1003/No Verif. of Income 91 9.80 10.495 353.39 6.20 71.87 $450,000 $9,826,861.38
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN-PURPOSE
- - ------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Principle Current
Loan Pool WAC Term Age LTV Balance Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Purchase 135 15.01 10.035 355.49 3.62 79.99 $380,000 $15,058,058.00
Refinance/No ETO 51 6.11 9.957 358.11 1.89 79.18 $492,500 $6,124,268.66
Refinance/ETO 598 60.84 10.589 351.22 4.09 77.72 $698,000 $61,031,576.45
Debt Consolidation 141 13.61 10.056 347.67 1.20 77.30 $356,000 $13,654,137.14
Home Improvement 26 2.38 10.169 342.63 .90 76.62 $329,700 $2,387,753.78
Personal Savings 10 1.01 9.224 353.23 3.40 58.11 $500,000 $1,014,775.12
Tuition Expenses 1 .05 12.250 360.00 .00 77.84 $48,263 $48,263.16
Personal Expenses 7 .71 9.462 358.87 1.13 80.50 $178,200 $711,381.77
Business Purpose 1 .20 10.000 359.00 1.00 75.00 $198,750 $198,662.07
Other 3 .08 10.595 297.28 62.72 28.02 $35,000 $77,773.80
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
LOAN GRADE 3-Dec-1996
- - --------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Loan Feature Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A+ 131 15.98 9.383 353.99 2.59 77.35 $500,000 $16,026,342.55
A 269 27.57 10.076 352.97 3.75 77.13 $698,000 $27,650,160.28
A- 139 15.82 10.019 355.87 3.67 78.31 $450,000 $15,870,368.92
B+ 1 .12 9.990 351.00 9.00 85.00 $124,950 $124,333.84
B 235 23.29 10.616 348.08 3.56 79.70 $500,000 $23,365,000.79
B- 1 .05 12.790 352.00 8.00 68.79 $48,500 $48,160.34
C+ 1 .16 10.490 350.00 10.00 73.32 $163,500 $162,822.61
C 127 11.27 11.405 345.92 3.04 76.98 $492,500 $11,307,947.89
C- 18 1.43 11.635 354.32 5.68 71.77 $176,000 $1,434,063.38
D+ 2 .31 11.178 355.00 5.00 76.93 $234,000 $309,549.83
D 49 4.00 12.661 352.13 2.43 76.80 $228,800 $4,007,899.52
- - --------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
==============================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
LIEN STATUS 3-Dec-1996
- - ------------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total Total
# % Rem WA Orig Loan Current Original
Lien Status Loan Pool WAC Term Age LTV Amount Balance Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1st 946 99.03 10.351 351.69 3.33 78.34 $698,000 $99,330,563.98 $99,622,310.67
2nd 27 .97 11.540 346.84 13.16 27.84 $105,060 $976,085.97 $984,843.25
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95 $100,607,153.92
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Delinquency Status Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Current 701 71.64 10.296 350.88 3.01 77.99 $698,000 $71,862,555.86
1-29 Days 244 25.97 10.526 353.54 4.33 77.72 $500,000 $26,047,059.17
30-59 Days 28 2.39 10.601 353.95 6.05 74.79 $250,000 $2,397,034.92
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
INDEX TYPE 3-Dec-1996
- - -------------------------------------------------------------------------------------------------------------------
WA WA Max. Orig Total
# % Rem WA Orig Loan Current
Index Type Loan Pool WAC Term Age LTV Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
EDCOFI 2 .04 10.030 253.57 106.43 38.94 $31,500 $42,883.33
1YR CMT 83 9.58 9.754 350.76 1.39 77.37 $500,000 $9,613,663.04
3YR CMT 1 .05 11.600 360.00 .00 81.25 $45,500 $45,500.00
6MO LIBOR - FNMA 13 1.09 9.907 349.61 10.39 87.14 $165,000 $1,090,372.18
6MO LIBOR - WSJ 832 84.71 10.467 351.56 3.56 78.14 $698,000 $84,973,500.79
6MO LIBOR - MOST RECENT INDEX 42 4.53 9.793 356.50 2.62 71.32 $329,700 $4,540,730.61
- - -------------------------------------------------------------------------------------------------------------------
Total..... 973 100.00% 10.363 351.64 3.42 77.84 $698,000 $100,306,649.95
===================================================================================================================
</TABLE>
