<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Revised Preliminary Term Sheet Prepared: December 5, 2000
$299,286,000 (Approximate)
GREENPOINT HOME EQUITY LOAN TRUST 2000-3
Home Equity Loan Asset-Backed Notes, Series 2000-3
[LOGO]
(Note Insurer)
<TABLE>
<CAPTION>
==========================================================================================================================
WAL Payment Expected
Note (Yrs.) Window Rating Legal Final
Class (1) Balance (2) Call/Mat Call/Mat (mos) Benchmark Spread (S&P/Moody's) Maturity
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 102,736,000 2.78/2.94 1-80/1-153 One Month LIBOR TBD AAA/Aaa January 2027
A-2 98,584,000 2.77/2.93 1-80/1-153 One Month LIBOR TBD AAA/Aaa January 2027
A-3 97,966,000 2.83/2.99 1-81/1-152 One Month LIBOR TBD AAA/Aaa January 2027
==========================================================================================================================
Total $299,286,000
</TABLE>
(1) The Class A-1 Notes are backed by the cash flow from conforming balance
adjustable-rate home equity revolving credit line and fixed-rate closed- end
second lien home equity mortgage loans according to Fannie Mae guidelines
(the "Group I Mortgage Loans"). The Class A-2 Notes are backed by the cash
flow from conforming balance adjustable-rate home equity revolving credit
line and fixed-rate closed-end second lien home equity mortgage loans
according to Freddie Mac guidelines (the "Group II Mortgage Loans"). The
Class A-3 Notes are backed by the cash flow from other adjustable-rate home
equity revolving credit line and fixed-rate closed-end second lien home
equity mortgage loans (the "Group III Mortgage Loans").
(2) Subject to a plus or minus 10% variance.
Underwriter: Greenwich Capital Markets, Inc.
Seller & Servicer: GreenPoint Mortgage Funding, Inc.
(the "Company").
Sponsor: GreenPoint Mortgage Securities Inc. (a special
purpose corporation and a wholly-owned subsidiary
of the Company).
Note Insurer: Financial Guaranty Insurance Company ("FGIC").
Indenture Trustee: Bankers Trust Company.
Owner Trustee: Wilmington Trust Company.
Federal Tax Status: It is anticipated that the Class A-1
Notes, Class A-2 Notes and Class A-3 Notes
(together, the "Notes") will be treated as debt
instruments for federal income tax purposes.
Registration: The Notes will be available in book-entry form
through DTC.
Pricing Date: December 5, 2000.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
1
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Closing Date: On or about December 18, 2000.
Settlement Date: On or about December 18, 2000.
Cut-off Date: The close of business on November 30, 2000.
Payment Date: The 15th day of each month (or the next
succeeding business day), beginning in January
2001.
Interest Accrual Period: The interest accrual period with respect to the
Notes for a given Payment Date will be the period
beginning with the previous Payment Date (or, in
the case of the first Payment Date, the Closing
Date) and ending on the day prior to such Payment
Date (on an Actual/360 basis).
Credit Enhancement: Excess Interest, Overcollateralization, limited
Cross Collateralization, the Reserve Fund, a
Surety Policy (as defined herein) to be provided
by FGIC and a Demand Note (as defined herein)
issued by GreenPoint Bank.
ERISA Eligibility: The Notes are expected to be ERISA eligible.
Prospective investors must review the Prospectus
and Prospectus Supplement and consult with their
professional advisors for a more detailed
description of these matters prior to investing
in the Notes.
SMMEA Treatment: The Notes will not constitute "mortgage related
securities" for purposes of SMMEA.
Optional Redemption: For each Class of Notes, on any Payment Date
after the Payment Date on which the related Note
Principal Balance is reduced to an amount less
than or equal to 10% of the related Note
Principal Balance as of the Closing Date, the
Sponsor may elect to redeem the related Class of
Notes at par plus accrued interest.
Prepayment Assumption: 40% CPR, 20% Draw Rate on the HELOCs
30% CPR on the Closed-End Seconds
Mortgage Loans: As of the Cut-off Date, the aggregate
principal balance of the Mortgage Loans will be
approximately $293,419,686, of which: (i)
approximately $100,721,913 will be in Group I
(the "Group I Mortgage Loans"), (ii)
approximately $96,651,865 will be in Group II
(the "Group II Mortgage Loans") and (iii)
approximately $96,045,908 will be in Group III
(the "Group III Mortgage Loans," and together
with the Group I and Group II Mortgage Loans, the
"Mortgage Loans").
Group I Mortgage
Loans: The Group I Mortgage Loans will consist of
approximately $86,778,200 of conforming balance
adjustable-rate home equity revolving credit line
loans (the "Group I HELOCs") made under certain
home equity revolving credit line loan agreements
and approximately $13,943,713 of conforming
balance fixed-rate closed-end second lien home
equity loans (the "Group I Closed-End Seconds"),
according to Fannie Mae guidelines.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
2
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Group II Mortgage
Loans: The Group II Mortgage Loans will consist of
approximately $80,937,119 of conforming balance
adjustable-rate home equity revolving credit line
loans (the "Group II HELOCs") made under certain
home equity revolving credit line loan agreements
and approximately $15,714,746 of conforming
balance fixed-rate closed-end second lien home
equity loans (the "Group II Closed-End Seconds"),
according to Freddie Mac guidelines.
Group III Mortgage
Loans: The Group III Mortgage Loans will consist of
approximately $91,390,653 of adjustable-rate home
equity revolving credit line loans (the "Group
III HELOCs") made under certain home equity
revolving credit line loan agreements and
approximately $4,655,255 of fixed-rate closed-end
second lien home equity loans (the "Group III
Closed-End Seconds").
Group I HELOC
Amortization: Approximately 81.33% of the Group I HELOCs have 5
year draw periods followed by a 10 year
amortization period, while the remaining 18.67%
have a 15 year draw period followed by a 10 year
amortization period.
Group I Closed-end
Second Amortization: Fully amortizing and balloons.
Group I
HELOC Interest Rates: 100% of the Group I HELOCs are Prime-based and
reset monthly. Substantially all of the Group I
HELOCs are teased for 3 months from origination
and adjust thereafter. The weighted average
margin on the Group I HELOCs as of the Cut-off
Date is approximately 2.969%, with the margins
ranging from 0.000% to 7.125%. Substantially all
of the Group I HELOCs have a maximum interest
rate of 18.000%, with no periodic rate caps.
Group I Closed-End
Seconds Interest Rates: 100% Fixed Rate.
Group II HELOC
Amortization: Approximately 79.04% of the Group II HELOCs have
5 year draw periods followed by a 10 year
amortization period, while the remaining 20.96%
have a 15 year draw period followed by a 10 year
amortization period.
Group II
HELOC Interest Rates: 100% of the Group II HELOCs are Prime-based and
reset monthly. Substantially all of the Group II
HELOCs are teased for 3 months from origination
and adjust thereafter. The weighted average
margin on the Group II HELOCs as of the Cut-off
Date is 2.880%, with the margins ranging from
0.000% to 9.000%. Substantially all of the Group
II HELOCs have a maximum interest rate of
18.000%, with no periodic rate caps.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
3
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Group II Closed-End
Seconds Interest Rates: 100% Fixed Rate.
Group III HELOC
Amortization: Approximately 85.48% of the Group III HELOCs
have 5 year draw periods followed by a 10
year amortization period, while the
remaining 14.52% have a 15 year draw period
followed by a 10 year amortization period.
Group III
HELOC Interest Rates: 100% of the Group III HELOCs are Prime-based and
reset monthly. Substantially all of the Group III
HELOCs are teased for 3 months from origination
and adjust thereafter. The weighted average
margin on the Group III HELOCs as of the Cut-off
Date is 3.117%, with the margins ranging from
0.000% to 6.000%. Substantially all of the Group
III HELOCs have a maximum interest rate of
18.000%, with no periodic rate caps.
Group III Closed-End
Seconds Interest Rates: 100% Fixed Rate.
The Trust
GreenPoint Home Equity
Loan Trust 2000-3: The GreenPoint Home Equity Loan Trust 2000-3
(the "Trust") will issue the Class A-1
Notes, Class A-2 Notes, Class A-3 Notes and
the Class S Securities. The Class A-1 Notes
are supported by the Group I Mortgage Loans.
As of the Closing Date, the Class A-1 Note
Balance will equal approximately the sum of
(i) the aggregate principal balance of the
Group I Mortgage Loans as of the Cut-off
Date and (ii) the Group I
Undercollateralization Amount (as described
herein) as of the Closing Date. The Class
A-2 Notes are supported by the Group II
Mortgage Loans. As of the Closing Date, the
Class A-2 Note Balance will equal
approximately the sum of (i) the aggregate
principal balance of the Group II Mortgage
Loans as of the Cut-off Date and (ii) the
Group II Undercollateralization Amount (as
described herein) as of the Closing Date.
The Class A-3 Notes are supported by the
Group III Mortgage Loans. As of the Closing
Date, the Class A-3 Note Balance will equal
approximately the sum of (i) the aggregate
principal balance of the Group III Mortgage
Loans as of the Cut-off Date and (ii) the
Group III Undercollateralization Amount (as
described herein) as of the Closing Date.
The property of the Trust, as of the Closing
Date, will consist primarily of the Group I
Mortgage Loans, the Group II Mortgage Loans, the
Group III Mortgage Loans, the Surety Policy, the
Reserve Fund and the Demand Note.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
4
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
The Notes
Class A-1 Notes: The Class A-1 Notes receive distributions of
principal in the manner described below. The
Class A-1 Notes will receive interest on
each Payment Date based on a variable rate
described more fully below.
Class A-2 Notes: The Class A-2 Notes receive distributions of
principal in the manner described below. The
Class A-2 Notes will receive interest on
each Payment Date based on a variable rate
described more fully below.
Class A-3 Notes: The Class A-3 Notes receive distributions of
principal in the manner described below. The
Class A-3 Notes will receive interest on
each Payment Date based on a variable rate
described more fully below.
Class S Securities: The Class S Securities are not being offered
publicly. The Class S Securities are
interest only securities and are not
entitled to payments of principal. The Class
S Securities will accrue interest on a
notional balance.
Credit Enhancement
Credit Enhancement: The Noteholders will have the benefit of the
following credit enhancement;
(a) a portion of Excess Interest Collections
(described below);
(b) the Overcollateralization Amount
(described below);
(c) limited Cross Collateralization
(described below);
(d) the Surety Policy (described below);
(e) the Reserve Fund (described below); and
(f) the Demand Note (described below).
Excess
Interest Collections: For each class of Notes, the related interest
collections minus the sum of (i) the related
Class A Note interest paid; (ii) the related
servicing fee paid; (iii) the related premium
paid to FGIC and any unreimbursed draws on the
Surety Policy; and (iv) the related trustee fees
paid.
GREENWICH CAPITAL
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5
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Class A-1 O/C Amount: The Class A-1 Noteholders will be entitled
to receive distributions of a portion of the
related Excess Interest Collections as
payments of principal (the "Class A-1
Accelerated Principal Payment") until the
Class A-1 Overcollateralization Amount
equals a certain percentage of the aggregate
principal balance of the Group I Mortgage
Loans (as specified in the Indenture) (the
"Class A-1 Required Overcollateralization
Amount"). This distribution of interest as
principal will have the effect of
accelerating the Class A-1 Notes relative to
the underlying Group I Mortgage Loans. On
any Payment Date, the Class A-1
Overcollateralization Amount will be the
amount by which the Group I Mortgage Loan
Balance exceeds the Class A-1 Note Principal
Balance. On any Payment Date on which the
Group I Mortgage Loan Balance does not
exceed the Class A-1 Note Principal Balance
by the Class A-1 Required
Overcollateralization Amount, a portion of
the related Excess Interest Collections will
be distributed as principal to the Class A-1
Noteholders to increase the Class A-1
Overcollateralization Amount to the Class
A-1 Required Overcollateralization Amount.
Initially, the Note Principal Balance of the
Class A-1 Notes will be greater than the
aggregate principal balance of the Group I
Mortgage Loans by approximately 2.00% (the "Group
I Undercollateralization Amount"). 100% of the
related Excess Interest Collections not used to
cover related interest shortfalls or current
period losses will be paid as a payment of
principal on the Class A-1 Notes to reduce the
Group I Undercollateralization Amount to zero,
and thereafter, 70% of the related Excess
Interest Collections will be used to build
overcollateralization to the required amount.
Class A-2 O/C Amount: The Class A-2 Noteholders will be entitled
to receive distributions of a portion of the
related Excess Interest Collections as
payments of principal (the "Class A-2
Accelerated Principal Payment") until the
Class A-2 Overcollateralization Amount
equals a certain percentage of the aggregate
principal balance of the Group II Mortgage
Loans (as specified in the Indenture) (the
"Class A-2 Required Overcollateralization
Amount"). This distribution of interest as
principal will have the effect of
accelerating the Class A-2 Notes relative to
the underlying Group II Mortgage Loans. On
any Payment Date, the Class A-2
Overcollateralization Amount will be the
amount by which the Group II Mortgage Loan
Balance exceeds the Class A-2 Note Principal
Balance. On any Payment Date on which the
Group II Mortgage Loan Balance does not
exceed the Class A-2 Note Principal Balance
by the Class A-2 Required
Overcollateralization Amount, a portion of
the related Excess Interest Collections will
be distributed as principal to the Class A-2
Noteholders to increase the Class A-2
Overcollateralization Amount to the Class
A-2 Required Overcollateralization Amount.
Initially, the Note Principal Balance of the
Class A-2 Notes will be greater than the
aggregate principal balance of the Group II
Mortgage Loans by approximately 2.00% (the "Group
II Undercollateralization Amount"). 100% of the
related Excess Interest Collections not used to
cover related interest shortfalls or current
period losses will be paid as a payment of
principal on the Class A-2 Notes to reduce the
Group II Undercollateralization Amount to zero,
and thereafter, 70% of the related Excess
Interest Collections will be used to build
overcollateralization to the required amount.
GREENWICH CAPITAL
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6
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Class A-3 O/C Amount: The Class A-3 Noteholders will be entitled
to receive distributions of a portion of the
related Excess Interest Collections as
payments of principal (the "Class A-3
Accelerated Principal Payment") until the
Class A-3 Overcollateralization Amount
equals a certain percentage of the aggregate
principal balance of the Group III Mortgage
Loans (as specified in the Indenture) (the
"Class A-3 Required Overcollateralization
Amount"). This distribution of interest as
principal will have the effect of
accelerating the Class A-3 Notes relative to
the underlying Group III Mortgage Loans. On
any Payment Date, the Class A-3
Overcollateralization Amount will be the
amount by which the Group III Mortgage Loan
Balance exceeds the Class A-3 Note Principal
Balance. On any Payment Date on which the
Group III Mortgage Loan Balance does not
exceed the Class A-3 Note Principal Balance
by the Class A-3 Required
Overcollateralization Amount, a portion of
the related Excess Interest Collections will
be distributed as principal to the Class A-3
Noteholders to increase the Class A-3
Overcollateralization Amount to the Class
A-3 Required Overcollateralization Amount.
Initially, the Note Principal Balance of the
Class A-3 Notes will be greater than the
aggregate principal balance of the Group III
Mortgage Loans by approximately 2.00% (the "Group
III Undercollateralization Amount"). 100% of the
related Excess Interest Collections not used to
cover related interest shortfalls or current
period losses will be paid as a payment of
principal on the Class A-3 Notes to reduce the
Group III Undercollateralization Amount to zero,
and thereafter, 70% of the related Excess
Interest Collections will be used to build
overcollateralization to the required amount.
Stepdown Date: On or after the Payment Date occurring in
July 2003, the Class A-1 Required
Overcollateralization Amount, the Class A-2
Required Overcollateralization Amount and
the Class A-3 Required Overcollateralization
Amount will each be allowed to step down to
a certain percentage (specified in the
Indenture, subject to certain performance
triggers) of the aggregate principal balance
of the related Mortgage Loans provided that
the Class A-1 Required Overcollateralization
Amount, the Class A-2 Required
Overcollateralization Amount and the Class
A-3 Required Overcollateralization Amount
may not be less than 0.50% of the aggregate
principal balance of the related Mortgage
Loans as of the Cut-off Date.
Cross Collateralization: After paying (i) the "OC Deficit" (the
amount by which the related Note Principal
Balance exceeds the related Group Mortgage
Loan Balance, calculated only after the
related Undercollateralization Amount has
been reduced to zero) (ii) any unreimbursed
draws on the Surety Policy with respect to
the related Class of Notes and (iii) the
related Accelerated Principal Payment, any
remaining amounts collected with respect to
the related Mortgage Loans will be used, to
the extent necessary, (i) to pay accrued and
unpaid interest to the other Classes of
Notes; (ii) to pay the OC Deficit on the
other Classes of Notes and (iii) to pay
unreimbursed draws on the Surety Policy with
respect to the other Classes of Notes.
The Surety Policy: FGIC will issue a single note insurance
policy with respect to the Class A-1, Class
A-2 and Class A-3 Notes which will guarantee
timely payment of interest and ultimate
repayment of principal to the Class A-1,
Class A-2 and Class A-3 Noteholders.
GREENWICH CAPITAL
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7
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Reserve Fund: The Reserve Fund will initially be $0 on the
Closing Date and then will be funded on each
Payment Date up to the Reserve Fund Target
Amount. The "Reserve Fund Target Amount"
will be equal to the sum of (i) the amount
by which the Class A-1 Overcollateralization
Amount is less than the Class A-1 Required
Overcollateralization Amount; (ii) the
amount by which the Class A-2
Overcollateralization Amount is less than
the Class A-2 Required Overcollateralization
Amount and (iii) the amount by which the
Class A-3 Overcollateralization Amount is
less than the Class A-3 Required
Overcollateralization Amount. The Reserve
Fund may be used to fund interest shortfalls
and OC Deficits on all Classes of Notes and
to pay any unreimbursed draws on the Surety
Policy with respect to all Classes of Notes.
Demand Note: GreenPoint Bank will issue a Demand Note for
the benefit of the Class A-1, Class A-2 and
Class A-3 Noteholders in an amount equal to
2.00% of the aggregate principal balance of
the Mortgage Loans as of the Cut-off Date.
The amount outstanding under the Demand Note
will decline to 1.50% of the aggregate
principal balance of the Mortgage Loans as
of the Cut-off Date once the Group I
Undercollateralization Amount, the Group II
Undercollateralization Amount and the Group
III Undercollateralization Amount have been
reduced to zero. On each Payment Date after
the Payment Date on which such
Undercollateralization Amounts have been
reduced to zero, the amount outstanding
under the Demand Note will decline to the
lesser of (i) the amount outstanding under
the Demand Note on the previous Payment Date
and (ii) the difference between (a) the sum
of the Class A-1 Required
Overcollateralization Amount, the Class A-2
Required Overcollateralization Amount and
the Class A-3 Required Overcollateralization
Amount and (b) the sum of the Class A-1
Overcollateralization Amount, the Class A-2
Overcollateralization Amount and the Class
A-3 Overcollateralization Amount. The Demand
Note will mature on the earlier of (i) the
date on which the aggregate principal
balance on the Class A-1, Class A-2 and
Class A-3 Notes has been paid down to zero
or (ii) the date on which the Class A-1
Required Overcollateralization Amount, the
Class A-2 Required Overcollateralization
Amount and the Class A-3 Required
Overcollateralization Amount have been
reached, but in no event shall the maturity
date be later than the twenty-fourth Payment
Date. On each Payment Date until its
maturity, the Demand Note will provide for
the payment by GreenPoint Bank of shortfalls
in interest payment amounts for each Class
of Notes for a limited number of months
(which payments will not reduce the amount
outstanding under the Demand Note) and
realized losses remaining after Excess
Interest Collections are applied. If the
Class A-1 Required Overcollateralization
Amount, the Class A-2 Required
Overcollateralization Amount or the Class
A-3 Required Overcollateralization Amount
have not been reached by the twenty-fourth
Payment Date (after distribution of all
amounts on that Payment Date), the Trustee
will demand payment from GreenPoint Bank of
up to the entire amount remaining under the
Demand Note on that date to the extent
necessary to reach the Class A-1 Required
Overcollateralization Amount, the Class A-2
Required Overcollateralization Amount and
the Class A-3 Required Overcollateralization
Amount.
GREENWICH CAPITAL
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8
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Distributions on the Notes
Priority of Distributions
Available Funds with respect to each Class of Notes will be distributed
as follows:
(i) to the Indenture Trustee, the related trustee fee;
(ii) to the Insurer, the related premium fee;
(iii) to the related Class A Notes, current and unpaid interest;
(iv) to the Class S Securities, 30% of the related Excess
Interest Collections, on each Payment Date after the Payment Date
on which the related Undercollateralization Amount has been
reduced to zero.
(v) to the related Class A Notes, the related Principal Payment
Amount;
(vi) to the related Class A Notes, any OC Deficit;
(vii) to the Insurer, the related reimbursement amount for any
unreimbursed draws on the Surety Policy, with interest thereon;
(viii) to the related Class A Notes, the related Accelerated
Principal Payment;
(ix) to fund any deficiencies in payments with respect to (iii),
(vi) and (vii) on the other Classes of Notes;
(x) to the Reserve Fund as specified herein;
(xi) to pay any unreimbursed amounts to the Servicer;
(xii) to the related Class A Notes, Deferred Interest and
interest thereon at the related Class A Note Rate;
(xiii) to pay a management fee pursuant to the Management
Agreement; and
(xiv) to the residual holders, any remaining amounts.
GREENWICH CAPITAL
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9
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
and not by the Issuer of the securities or any of its affiliates. Greenwich
Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the
Issuer or its affiliates in connection with the proposed transaction.
This Preliminary Term Sheet is provided for information purposes only, and does
not constitute an offer to sell, nor a solicitation of an offer to buy, the
referenced securities. It does not purport to be all-inclusive or to contain all
of the information that a prospective investor may require to make a full
analysis of the transaction. All amounts are approximate and subject to change.
The information contained herein supersedes information contained in any prior
term sheet for this transaction. In addition, the information contained herein
may be superseded by information contained in term sheets circulated after the
date hereof and is qualified in its entirety by information contained in the
Prospectus and Prospectus Supplement for this transaction. An offering may be
made only through the delivery of the Prospectus and Prospectus Supplement.
Principal Distributions
Managed Amortization
Period: The Managed Amortization Period will begin on the
Closing Date and end on the Payment Date
occurring in December 2005 or earlier upon the
occurrence of a Rapid Amortization Event (as
described in the prospectus supplement). During
the Managed Amortization Period, the Class A-1,
Class A-2 and Class A-3 Noteholders will receive
principal payments (the "Principal Payment
Amount") equal to (a) the related Net Principal
Collections (as defined herein) minus (b) the
related Overcollateralization Reduction Amount
(as defined herein). The related
"Overcollateralization Reduction Amount" for each
Class is the amount by which the related
Overcollateralization Amount exceeds the related
Required Overcollateralization Amount. The "Net
Principal Collections" is equal to the amount
(not less than zero) of the principal collections
on the related Mortgage Loans for such Payment
Date minus the aggregate of additional draws on
existing related HELOCs which were created during
such Payment Date.
Rapid Amortization Period: Commencing no later than the Payment Date
occurring in January 2006 (or earlier, upon the
occurrence of a Rapid Amortization Event), the
Class A-1, Class A-2 and Class A-3 Noteholders
will receive the Principal Payment Amount which
is equal to (a) 100% of the related principal
collections for such Payment Date minus (b) the
related Overcollateralization Reduction Amount.
The aggregate distributions of principal to the
holders of each Class of Notes shall not exceed
the Note Principal Balance of such Class as of
the Closing Date.
Interest Distributions
Interest Distributions: Interest will be distributed to the Class A-1,
Class A-2 and Class A-3 Noteholders at a rate
equal to the lesser of (a) One Month LIBOR plus
the related margin and (b) the related Maximum
Rate. The margin on each Class of Notes will
double after the first Payment Date on which the
Optional Redemption is not exercised.
The "Maximum Rate" for each Class of Notes is
generally equal to the lesser of (x) the weighted
average of the loan rates (assuming the related
HELOCs are fully indexed) of the related Mortgage
Loans minus (i) the servicing fee rate, (ii) the
insurance premium fee rate; (iii) a spread
carveout of 0.50% per annum after the twelfth
Payment Date and (iv) the trustee fee rate and
(y) 15.50%. To the extent the Maximum Rate for a
Class of Notes is less than One Month LIBOR plus
the related margin (up to 15.50%) the deficiency
will be deferred (the "Deferred Interest" for
such Class). In no event is Deferred Interest
rated by the Rating Agencies or guaranteed under
the Surety Policy.
GREENWICH CAPITAL
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10
<PAGE>
COMPUTATIONAL MATERIALS DISCLAIMER
The attached tables and other statistical analyses (the "Computational
Materials") are privileged and intended for use by the addressee only. These
Computational Materials have been prepared by Greenwich Capital Markets, Inc. in
reliance upon information furnished by the issuer of the securities and its
affiliates. These Computational Materials are furnished to you solely by
Greenwich Capital Markets, Inc. and not by the issuer of the securities. They
may not be provided to any third party other than the addressee's legal, tax,
financial and/or accounting advisors for the purposes of evaluating said
material.
Numerous assumptions were used in preparing the Computational Materials which
may or may not be reflected therein. As such, no assurance can be given as to
the Computational Materials' accuracy, appropriateness or completeness in any
particular context; nor as to whether the Computational Materials and/or the
assumptions upon which they are based reflect present market conditions or
future market performance. These Computational Materials should not be construed
as either projections or predictions or as legal, tax, financial or accounting
advice.
Any weighted average lives, yields and principal payment periods shown in the
Computational Materials are based on prepayments assumptions, and changes in
such prepayment assumptions may dramatically affect such weighted average lives,
yields and principal payment periods. In addition, it is possible that
prepayments on the underlying assets will occur at rates slower or faster than
the rates shown in the attached Computational Materials. Furthermore, unless
otherwise provided, the Computational Materials assume no losses on the
underlying assets and no interest shortfall. The specific characteristics of the
securities may differ from those shown in the Computational Materials due to
differences between the actual underlying assets and the hypothetical underlying
assets used in preparing the Computational Materials. The principal amount and
designation of any security described in the Computational Materials are subject
to change prior to issuance. Neither Greenwich Capital Markets, Inc. nor any of
its affiliates makes any representation or warranty as to the actual rate or
timing of payments on any of the underlying assets or the payments or yield on
the securities.
Although a registration statement (including the Prospectus) relating to the
securities discussed in this communication has been filed with the Securities
and Exchange Commission and is effective, the final prospectus supplement
relating to the securities discussed in this communication has not been filed
with Securities and Exchange Commission. This communication shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the securities discussed in this communication in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification of such securities under the securities laws of any such state.
Prospective purchasers are referred to the final prospectus supplement relating
to the securities discussed in this communication for definitive Computational
Materials and any matter discussed in this communication. Once available, a
final prospectus and prospectus supplement may be obtained by contacting the
Greenwich Capital Markets, Inc. Trading Desk at (203) 625-6160.
Please be advised that the securities described herein may not be appropriate
for all investors. Potential investors must be willing to assume, among other
things, market price volatility, prepayment, yield curve and interest rate
risks. Investors should make every effort to consider the risks of these
securities.
If you have received this communication in error, please notify the sending
party immediately by telephone and return the original to such party by mail.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
11
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
("GCM") and not by the issuer of the securities or any of its affiliates. GCM is
acting as underwriter and not as agent for the issuer or its affiliates in
connection with the proposed transaction.
Discount Margin Tables* (%)
<TABLE>
<CAPTION>
Class A-1 To Call
<S> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.210%
-----------------------------------------------------------------------------------------------------------------------
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
=======================================================================================================================
DM @ 100-00 0.210 0.210 0.210 0.210 0.210
=======================================================================================================================
WAL (yr) 4.80 3.57 2.78 2.22 1.80
MDUR (yr) 3.70 2.88 2.31 1.90 1.57
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 03/15/11 01/15/09 08/15/07 08/15/06 09/15/05
-----------------------------------------------------------------------------------------------------------------------
Class A-1 To Maturity
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.210%
-----------------------------------------------------------------------------------------------------------------------
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
DM @ 100-00 0.216 0.217 0.218 0.219 0.220
=======================================================================================================================
WAL (yr) 5.04 3.77 2.94 2.35 1.92
MDUR (yr) 3.80 2.98 2.40 1.98 1.65
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 08/15/17 10/15/15 09/15/13 09/15/11 02/15/10
-----------------------------------------------------------------------------------------------------------------------
Class A-2 To Call
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.210%
-----------------------------------------------------------------------------------------------------------------------
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
DM @ 100-00 0.210 0.210 0.210 0.210 0.210
=======================================================================================================================
WAL (yr) 4.84 3.57 2.77 2.21 1.78
MDUR (yr) 3.72 2.88 2.31 1.89 1.56
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 05/15/11 01/15/09 08/15/07 08/15/06 09/15/05
-----------------------------------------------------------------------------------------------------------------------
Class A-2 To Maturity
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.210%
-----------------------------------------------------------------------------------------------------------------------
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
DM @ 100-00 0.216 0.217 0.218 0.218 0.220
=======================================================================================================================
WAL (yr) 5.08 3.78 2.93 2.34 1.91
MDUR (yr) 3.82 2.98 2.40 1.97 1.64
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 11/15/17 10/15/15 09/15/13 09/15/11 02/15/10
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
*A draw rate of 20% is assumed with respect to the HELOCs.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
12
<PAGE>
This information is furnished to you solely by Greenwich Capital Markets, Inc.
("GCM") and not by the issuer of the securities or any of its affiliates. GCM is
acting as underwriter and not as agent for the issuer or its affiliates in
connection with the proposed transaction.
Discount Margin Tables* (%)
<TABLE>
<CAPTION>
Class A-3 To Call
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.220%
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
DM @ 100-00 0.220 0.220 0.220 0.220 0.220
=======================================================================================================================
WAL (yr) 4.70 3.59 2.83 2.28 1.86
MDUR (yr) 3.64 2.89 2.35 1.94 1.62
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 10/15/10 12/15/08 09/15/07 09/15/06 11/15/05
-----------------------------------------------------------------------------------------------------------------------
<CAPTION>
Class A-3 To Maturity
-----------------------------------------------------------------------------------------------------------------------
Pass Through Margin 0.220%
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
HELOCs Prepay Speed 30% CPR 35% CPR 40% CPR 45% CPR 50% CPR
Seconds Prepay Speed 10% CPR 20% CPR 30% CPR 40% CPR 50% CPR
=======================================================================================================================
DM @ 100-00 0.226 0.227 0.228 0.229 0.230
=======================================================================================================================
WAL (yr) 4.94 3.78 2.99 2.41 1.98
MDUR (yr) 3.75 2.99 2.44 2.02 1.70
First Prin Pay 01/15/01 01/15/01 01/15/01 01/15/01 01/15/01
Last Prin Pay 04/15/17 10/15/15 08/15/13 10/15/11 04/15/10
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
*A draw rate of 20% is assumed with respect to the HELOCs.
Group I Maximum Rate
Stress Scenario: Assuming that Prime Rate instantaneously
increases to a level beyond the maximum obtainable
rate on the Group I Mortgage Loans, One Month LIBOR
instantaneously increases to 20.000% and the
Prepayment Assumption is used, the Class A-1 Maximum
Rate will equal 15.500% for each Payment Date until
maturity.
Group II Maximum Rate
Stress Scenario: Assuming that Prime Rate instantaneously
increases to a level beyond the maximum obtainable
rate on the Group II Mortgage Loans, One Month LIBOR
instantaneously increases to 20.000% and the
Prepayment Assumption is used, the Class A-2 Maximum
Rate will equal 15.500% for each Payment Date until
maturity.
Group III Maximum Rate
Stress Scenario: Assuming that Prime Rate instantaneously
increases to a level beyond the maximum obtainable
rate on the Group III Mortgage Loans, One Month LIBOR
instantaneously increases to 20.000% and the
Prepayment Assumption is used, the Class A-3 Maximum
Rate will equal 15.500% for each Payment Date until
maturity.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
13
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
Group I Mortgage Loans
As of the Cut-off Date
<TABLE>
<S> <C> <C> <C>
TOTAL CURRENT BALANCE: 100,721,913
NUMBER OF LOANS: 2,664
<CAPTION>
AVG/WAVG MIN MAX
-------- ----- --------
<S> <C> <C> <C>
AVG CURRENT BALANCE: $37,809 $0 $259,525
AVG CREDIT LIMIT (HELOC ONLY): $51,067 $3,500 $300,000
WAVG GROSS COUPON: 9.045% 5.875 16.625%
WAVG MARGIN (HELOC ONLY): 2.969% 0.000 7.125%
WAVG MAXIMUM LOAN RATE (HELOC ONLY): 18.000% 18.000 18.000%
WAVG NEXT RESET (HELOC ONLY): 1 month 1 3 months
WAVG UTILIZATION RATE (HELOC ONLY)*: 74.63% 0.00 100.00%
WAVG COMBINED LTV: 82.46% 8.81 100.00%
WAVG CREDIT SCORE: 698 601 817
WAVG ORIGINAL TERM: 199 months 180 300 months
WAVG DRAW TERM (HELOC ONLY): 82 months 60 180 months
WAVG REMAINING TERM: 197 months 54 300 months
FIRST PAY DATE: Jul 01, 1990 Jan 12, 2001
MATURE DATE: Jun 01, 2005 Dec 12, 2025
</TABLE>
<TABLE>
<S> <C>
TOP STATE CONCENTRATIONS ($): 67.57% California, 4.83% Washington, 4.04% Massachusetts
MAXIMUM ZIP CODE CONCENTRATION ($): 0.50% 94903
</TABLE>
*Weighted by Credit Limit.
GREENWICH CAPITAL
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14
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
HELOC Mortgage Loans 2,277 86,778,199.64 86.16
Closed-end Mortgage Loans 387 13,943,713.35 13.84
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CURRENT BALANCE ($): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
0.00 63 0.00 0.00
0.01 - 10,000.00 231 1,457,771.61 1.45
10,000.01 - 20,000.00 462 6,922,625.57 6.87
20,000.01 - 30,000.00 502 12,710,341.53 12.62
30,000.01 - 40,000.00 403 14,117,243.76 14.02
40,000.01 - 50,000.00 362 16,652,030.58 16.53
50,000.01 - 60,000.00 182 10,164,412.13 10.09
60,000.01 - 70,000.00 129 8,375,604.18 8.32
70,000.01 - 80,000.00 95 7,100,362.42 7.05
80,000.01 - 90,000.00 56 4,714,521.93 4.68
90,000.01 - 100,000.00 134 13,124,028.15 13.03
(greater than) 100,000.00 45 5,382,971.13 5.34
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT LIMIT ($) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
3,500.00 - 10,000.00 79 731,662.63 0.84
10,000.01 - 20,000.00 294 4,179,927.98 4.82
20,000.01 - 30,000.00 328 7,453,227.05 8.59
30,000.01 - 40,000.00 306 9,255,189.37 10.67
40,000.01 - 50,000.00 432 15,577,792.53 17.95
50,000.01 - 60,000.00 131 6,328,328.66 7.29
60,000.01 - 70,000.00 119 6,087,321.13 7.01
70,000.01 - 80,000.00 130 7,268,255.81 8.38
80,000.01 - 90,000.00 71 4,057,662.17 4.68
90,000.01 - 100,000.00 318 19,706,120.94 22.71
(greater than) 100,000.00 69 6,132,711.37 7.07
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
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15
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN RATE (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
5.875 - 6.000 1,261 52,446,125.87 52.07
8.501 - 9.000 1 30,369.01 0.03
9.001 - 9.500 158 5,915,247.05 5.87
9.501 - 10.000 36 1,430,153.48 1.42
10.001 - 10.500 49 1,737,807.97 1.73
10.501 - 11.000 59 2,446,920.09 2.43
11.001 - 11.500 60 2,342,442.68 2.33
11.501 - 12.000 63 2,484,837.19 2.47
12.001 - 12.500 132 5,025,268.52 4.99
12.501 - 13.000 130 5,212,305.28 5.17
13.001 - 13.500 216 5,309,129.47 5.27
13.501 - 14.000 263 8,154,836.95 8.10
14.001 - 14.500 155 5,001,166.85 4.97
14.501 - 15.000 53 1,875,802.27 1.86
(greater than) 15.000 28 1,309,500.31 1.30
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MARGIN (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 0.500 389 16,188,117.97 18.65
0.501 - 1.000 96 3,041,521.28 3.50
1.001 - 1.500 90 3,425,507.60 3.95
1.501 - 2.000 66 2,537,394.77 2.92
2.001 - 2.500 105 4,733,793.90 5.46
2.501 - 3.000 195 7,712,072.97 8.89
3.001 - 3.500 180 6,997,790.83 8.06
3.501 - 4.000 339 10,242,830.12 11.80
4.001 - 4.500 444 16,984,481.25 19.57
4.501 - 5.000 259 10,275,967.93 11.84
5.001 - 5.500 80 3,102,264.43 3.57
5.501 - 6.000 23 953,358.96 1.10
6.001 - 6.500 10 567,861.23 0.65
7.001 - 7.125 1 15,236.40 0.02
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
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16
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MAXIMUM LOAN RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
18.000 2,277 86,778,199.64 100.00
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
NEXT RESET (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
1 1,508 56,652,762.16 65.28
2 728 28,176,465.97 32.47
3 41 1,948,971.51 2.25
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
UTILIZATION RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 10.00 144 166,819.21 0.19
10.01 - 20.00 48 485,486.96 0.56
20.01 - 30.00 60 1,073,291.05 1.24
30.01 - 40.00 65 1,658,524.45 1.91
40.01 - 50.00 80 2,468,782.07 2.84
50.01 - 60.00 104 3,609,626.75 4.16
60.01 - 70.00 102 3,900,507.96 4.49
70.01 - 80.00 90 3,959,558.86 4.56
80.01 - 90.00 103 5,071,744.66 5.84
90.01 - 100.00 1,481 64,383,857.67 74.19
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
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17
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
COMBINED LTV (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 10.00 4 92,409.84 0.09
10.01 - 20.00 9 321,208.07 0.32
20.01 - 30.00 17 831,062.90 0.83
30.01 - 40.00 26 1,043,332.28 1.04
40.01 - 50.00 54 1,956,193.86 1.94
50.01 - 60.00 83 4,054,076.79 4.03
60.01 - 70.00 177 7,547,752.62 7.49
70.01 - 80.00 487 21,681,216.11 21.53
80.01 - 90.00 1,113 37,091,007.50 36.83
90.01 - 100.00 694 26,103,653.02 25.92
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT SCORE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
N/A 13 379,479.39 0.38
601 - 650 401 16,915,719.49 16.79
651 - 700 1,043 38,713,946.31 38.44
701 - 750 777 29,331,565.01 29.12
751 - 800 418 14,939,551.81 14.83
801 - 817 12 441,650.98 0.44
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
ORIGINAL TERM (Months): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
180 2,247 84,519,329.23 83.91
300 417 16,202,583.76 16.09
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DRAW TERM (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
60 1,860 70,575,615.88 81.33
180 417 16,202,583.76 18.67
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,277 86,778,199.64 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
18
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
REMAINING TERM (Months) : Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
54 - 56 1 74,238.80 0.07
153 - 158 1 30,369.01 0.03
165 - 170 15 525,445.31 0.52
171 - 176 69 2,158,880.14 2.14
177 - 182 2,161 81,730,395.97 81.14
285 - 290 4 94,261.74 0.09
291 - 296 7 276,602.85 0.27
297 - 300 406 15,831,719.17 15.72
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DELINQUENT: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Current 2,644 100,020,474.79 99.30
30 Days Delinquent 20 701,438.20 0.70
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
INDEX: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Prime Rate 2,277 86,778,199.64 86.16
Fixed Rate 387 13,943,713.35 13.84
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
AMORTIZATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Fully Amortizing 2,484 93,746,644.20 93.07
Balloon 180 6,975,268.79 6.93
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
19
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PROPERTY TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Single Family 1,723 66,846,338.07 66.37
PUD 362 14,691,234.28 14.59
Condominium 310 9,798,291.81 9.73
2-4 Units 269 9,386,048.83 9.32
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PURPOSE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Cash Out Refinance 1,622 67,501,155.31 67.02
Purchase 982 31,409,013.54 31.18
Rate/Term Refinance 60 1,811,744.14 1.80
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
OCCUPANCY: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Primary 2,124 86,175,505.16 85.56
Non-owner 492 12,772,648.58 12.68
Second Home 48 1,773,759.25 1.76
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DOCUMENTATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Limited Documentation 1,687 65,080,619.29 64.61
Full Documentation 912 33,320,093.76 33.08
No Ratio Documentation 65 2,321,199.94 2.30
-------------------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
======================================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
20
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
STATE: Mortgage Loans the Cut-off Date the Cut-off Date
------------------------------------------- -------------------- --------------------- ---------------------
<S> <C> <C> <C>
Arizona 93 2,363,475.70 2.35
California 1,576 68,062,490.91 67.57
Colorado 89 2,824,177.95 2.80
Connecticut 10 293,143.97 0.29
Delaware 1 26,000.00 0.03
District of Columbia 5 177,068.90 0.18
Florida 105 2,337,531.42 2.32
Georgia 15 327,865.44 0.33
Idaho 24 618,766.06 0.61
Illinois 79 2,240,438.50 2.22
Indiana 3 31,183.58 0.03
Kansas 3 79,864.89 0.08
Maryland 33 1,081,313.82 1.07
Massachusetts 114 4,068,393.46 4.04
Michigan 8 220,970.09 0.22
Missouri 1 7,000.00 0.01
Montana 4 137,668.91 0.14
Nebraska 2 95,796.67 0.10
Nevada 29 979,270.86 0.97
New Hampshire 7 122,650.50 0.12
New Jersey 24 812,420.46 0.81
New Mexico 8 218,606.51 0.22
New York 65 2,251,188.50 2.24
North Carolina 16 418,545.35 0.42
Ohio 3 42,014.34 0.04
Oregon 83 2,453,532.91 2.44
Pennsylvania 20 565,346.79 0.56
Rhode Island 9 148,594.54 0.15
South Carolina 6 203,116.81 0.20
South Dakota 2 38,056.78 0.04
Utah 48 1,467,307.34 1.46
Virginia 30 1,086,783.98 1.08
Washington 146 4,864,010.00 4.83
West Virginia 1 30,144.11 0.03
Wisconsin 1 10,000.00 0.01
Wyoming 1 17,172.94 0.02
------------------------------------------- -------------------- --------------------- ---------------------
TOTAL 2,664 100,721,912.99 100.00
=========================================== ==================== ===================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
21
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
Group II Mortgage Loans
As of the Cut-off Date
<TABLE>
<S> <C> <C> <C>
TOTAL CURRENT BALANCE: 96,651,865
NUMBER OF LOANS: 2,188
<CAPTION>
AVG/WAVG MIN MAX
-------- ---------- ----------
<S> <C> <C> <C>
AVG CURRENT BALANCE: $44,174 $0 $212,000
AVG CREDIT LIMIT (HELOC ONLY): $56,629 $6,500 $250,000
WAVG GROSS COUPON: 8.401% 5.875 15.750%
WAVG MARGIN (HELOC ONLY): 2.880% 0.000 9.000%
WAVG MAXIMUM LOAN RATE (HELOC ONLY): 18.000% 18.000 18.000%
WAVG NEXT RESET (HELOC ONLY): 1 month 1 3 months
WAVG UTILIZATION RATE (HELOC ONLY)*: 77.09% 0.00 100.00%
WAVG COMBINED LTV: 82.45% 6.78 100.00%
WAVG CREDIT SCORE: 697 574 823
WAVG ORIGINAL TERM: 201 months 180 300 months
WAVG DRAW TERM (HELOC ONLY): 85 months 60 180 months
WAVG REMAINING TERM: 199 months 156 300 months
FIRST PAY DATE: Jan 01, 1999 Jan 12, 2001
MATURE DATE: Dec 01, 2013 Dec 12, 2025
</TABLE>
<TABLE>
<S> <C>
TOP STATE CONCENTRATIONS ($): 72.81% California, 4.44% Washington, 3.52% Massachusetts
MAXIMUM ZIP CODE CONCENTRATION ($): 0.63% 94903
</TABLE>
*Weighted by Credit Limit.
GREENWICH CAPITAL
--------------------------------------------------------------------------------
22
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
HELOC Mortgage Loans 1,854 80,937,119.33 83.74
Closed-end Mortgage Loans 334 15,714,745.68 16.26
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CURRENT BALANCE ($): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
0.00 5 0.00 0.00
0.01 - 10,000.00 130 705,333.51 0.73
10,000.01 - 20,000.00 263 4,034,330.02 4.17
20,000.01 - 30,000.00 434 10,952,771.18 11.33
30,000.01 - 40,000.00 349 12,254,699.18 12.68
40,000.01 - 50,000.00 332 15,380,782.61 15.91
50,000.01 - 60,000.00 152 8,477,351.74 8.77
60,000.01 - 70,000.00 147 9,586,746.68 9.92
70,000.01 - 80,000.00 105 7,900,435.94 8.17
80,000.01 - 90,000.00 67 5,728,503.35 5.93
90,000.01 - 100,000.00 133 12,966,794.71 13.42
(greater than) 100,000.00 71 8,664,116.09 8.96
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT LIMIT ($) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
6,500.00 - 10,000.00 14 127,265.10 0.16
10,000.01 - 20,000.00 144 2,159,408.16 2.67
20,000.01 - 30,000.00 269 6,193,181.27 7.65
30,000.01 - 40,000.00 236 7,251,674.74 8.96
40,000.01 - 50,000.00 411 15,005,347.95 18.54
50,000.01 - 60,000.00 103 5,201,685.47 6.43
60,000.01 - 70,000.00 128 7,195,624.30 8.89
70,000.01 - 80,000.00 116 7,033,502.14 8.69
80,000.01 - 90,000.00 77 5,291,833.17 6.54
90,000.01 - 100,000.00 274 17,191,575.43 21.24
(greater than) 100,000.00 82 8,286,021.60 10.24
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
23
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN RATE (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
5.875 - 6.000 1,314 57,909,330.25 59.92
9.001 - 9.500 128 5,221,370.25 5.40
9.501 - 10.000 31 1,576,570.21 1.63
10.001 - 10.500 52 2,094,064.35 2.17
10.501 - 11.000 43 2,092,843.02 2.17
11.001 - 11.500 57 2,743,128.81 2.84
11.501 - 12.000 58 2,618,282.24 2.71
12.001 - 12.500 93 3,969,252.04 4.11
12.501 - 13.000 99 4,886,365.02 5.06
13.001 - 13.500 82 3,351,829.05 3.47
13.501 - 14.000 123 5,423,376.39 5.61
14.001 - 14.500 87 3,767,015.81 3.90
14.501 - 15.000 16 719,680.86 0.74
(greater than) 15.000 5 278,756.71 0.29
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MARGIN (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 0.500 404 16,480,957.34 20.36
0.501 - 1.000 84 3,112,509.12 3.85
1.001 - 1.500 50 2,093,625.53 2.59
1.501 - 2.000 68 2,801,346.56 3.46
2.001 - 2.500 102 5,373,081.18 6.64
2.501 - 3.000 149 6,727,387.77 8.31
3.001 - 3.500 160 7,067,742.48 8.73
3.501 - 4.000 213 8,897,441.88 10.99
4.001 - 4.500 324 15,059,840.17 18.61
4.501 - 5.000 248 11,211,302.08 13.85
5.001 - 5.500 42 1,631,916.31 2.02
5.501 - 6.000 8 389,768.91 0.48
6.001 - 6.500 1 68,700.00 0.08
(greater than) 8.000 1 21,500.00 0.03
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
24
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MAXIMUM LOAN RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
18.000 1,854 80,937,119.33 100.00
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
NEXT RESET (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
1 1,103 47,596,458.24 58.81
2 685 29,908,298.59 36.95
3 66 3,432,362.50 4.24
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
UTILIZATION RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 10.00 73 205,107.29 0.25
10.01 - 20.00 41 451,758.64 0.56
20.01 - 30.00 59 1,006,855.55 1.24
30.01 - 40.00 56 1,520,110.47 1.88
40.01 - 50.00 78 2,184,500.92 2.70
50.01 - 60.00 95 3,428,870.47 4.24
60.01 - 70.00 105 4,093,647.96 5.06
70.01 - 80.00 82 3,931,074.24 4.86
80.01 - 90.00 78 3,917,231.76 4.84
90.01 - 100.00 1,187 60,197,962.03 74.38
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
25
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
COMBINED LTV (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 10.00 2 120,101.45 0.12
10.01 - 20.00 9 354,253.95 0.37
20.01 - 30.00 20 904,821.45 0.94
30.01 - 40.00 18 618,250.40 0.64
40.01 - 50.00 44 2,071,252.47 2.14
50.01 - 60.00 78 3,066,143.30 3.17
60.01 - 70.00 156 7,313,307.03 7.57
70.01 - 80.00 491 24,288,040.70 25.13
80.01 - 90.00 759 31,502,224.47 32.59
90.01 - 100.00 611 26,413,469.79 27.33
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT SCORE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
N/A 13 451,421.36 0.47
551 - 600 2 28,664.45 0.03
601 - 650 368 15,641,183.51 16.18
651 - 700 850 38,689,843.12 40.03
701 - 750 618 27,437,288.96 28.39
751 - 800 319 13,635,984.93 14.11
801 - 823 18 767,478.68 0.79
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
ORIGINAL TERM (Months): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
180 1,758 79,685,831.26 82.45
300 430 16,966,033.75 17.55
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DRAW TERM (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
60 , 1,424 63,971,085.58 79.04
180 430 16,966,033.75 20.96
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 1,854 80,937,119.33 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
26
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
REMAINING TERM (Months): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
156 - 158 1 34,274.04 0.04
165 - 170 10 347,163.34 0.36
171 - 176 41 2,113,707.62 2.19
177 - 182 1,706 77,190,686.26 79.86
285 - 290 2 42,207.18 0.04
291 - 296 2 101,853.86 0.11
297 - 300 426 16,821,972.71 17.40
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DELINQUENT: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Current 2,173 95,963,378.70 99.29
30 Days Delinquent 15 688,486.31 0.71
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
INDEX: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Prime Rate 1,854 80,937,119.33 83.74
Fixed Rate 334 15,714,745.68 16.26
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
AMORTIZATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Fully Amortizing 2,026 88,101,975.73 91.15
Balloon 162 8,549,889.28 8.85
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
27
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PROPERTY TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Single Family 1,518 65,574,309.34 67.85
PUD 321 15,806,452.89 16.35
Condominium 214 7,924,434.71 8.20
2-4 Units 135 7,346,668.07 7.60
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PURPOSE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Cash Out Refinance 1,498 67,756,427.89 70.10
Purchase 637 26,835,621.85 27.77
Rate/Term Refinance 53 2,059,815.27 2.13
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
OCCUPANCY: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Primary 2,188 96,651,865.01 100.00
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DOCUMENTATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Limited Documentation 1,332 60,896,534.15 63.01
Full Documentation 807 33,328,071.84 34.48
No Ratio Documentation 49 2,427,259.02 2.51
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
28
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
STATE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------------- -------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Arizona 54 1,913,498.78 1.98
California 1,478 70,375,566.21 72.81
Colorado 54 2,138,380.95 2.21
Connecticut 10 309,322.16 0.32
Delaware 3 137,653.97 0.14
District of Columbia 2 70,176.79 0.07
Florida 40 1,110,457.01 1.15
Georgia 13 677,362.75 0.70
Idaho 14 343,856.68 0.36
Illinois 48 1,550,433.22 1.60
Indiana 1 28,008.26 0.03
Maryland 16 598,580.12 0.62
Massachusetts 84 3,405,758.78 3.52
Michigan 9 368,650.69 0.38
Missouri 2 28,629.36 0.03
Montana 9 382,335.05 0.40
Nevada 23 1,086,181.59 1.12
New Hampshire 3 102,573.76 0.11
New Jersey 15 728,244.32 0.75
New Mexico 9 251,816.07 0.26
New York 47 1,899,264.06 1.97
North Carolina 9 362,669.10 0.38
Oklahoma 1 23,695.29 0.02
Oregon 54 1,881,301.00 1.95
Pennsylvania 6 265,119.53 0.27
Rhode Island 4 108,462.27 0.11
South Carolina 8 275,656.48 0.29
Tennessee 1 13,400.00 0.01
Utah 42 1,180,883.42 1.22
Virginia 18 705,918.24 0.73
Washington 109 4,293,809.10 4.44
Wyoming 2 34,200.00 0.04
-------------------------------------------------------- -------------------- ---------------------- ---------------------
TOTAL 2,188 96,651,865.01 100.00
======================================================== ==================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
29
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
Group III Mortgage Loans
As of the Cut-off Date
<TABLE>
<S> <C> <C> <C>
TOTAL CURRENT BALANCE: 96,045,908
NUMBER OF LOANS: 583
<CAPTION>
AVG/WAVG MIN MAX
-------- -------- ----------
AVG CURRENT BALANCE: $164,744 $0 $638,566
AVG CREDIT LIMIT (HELOC ONLY): $222,032 $30,000 $650,000
WAVG GROSS COUPON: 8.028 % 5.875 15.500 %
WAVG MARGIN (HELOC ONLY): 3.117 % 0.000 6.000 %
WAVG MAXIMUM LOAN RATE (HELOC ONLY): 18.000 % 18.000 18.000 %
WAVG NEXT RESET (HELOC ONLY): 1 month 1 3 months
WAVG UTILIZATION RATE (HELOC ONLY)*: 74.30 % 0.00 100.00 %
WAVG COMBINED LTV: 74.58 % 21.86 100.00 %
WAVG CREDIT SCORE: 699 595 809
WAVG ORIGINAL TERM: 197 months 180 300 months
WAVG DRAW TERM (HELOC ONLY): 77 months 60 180 months
WAVG REMAINING TERM: 195 Months 170 300 months
FIRST PAY DATE: Mar 12, 2000 Jan 12, 2001
MATURE DATE: Feb 01, 2015 Dec 01, 2025
</TABLE>
<TABLE>
<S> <C>
TOP STATE CONCENTRATIONS ($): 90.29% California, 2.24% New York, 2.21% Washington
MAXIMUM ZIP CODE CONCENTRATION ($): 2.94% 90210
*Weighted by Credit Limit.
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
30
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
HELOC Mortgage Loans 554 91,390,652.79 95.15
Closed-end Mortgage Loans 29 4,655,255.28 4.85
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CURRENT BALANCE ($): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 50,000.00 99 1,432,696.11 1.49
50,000.01 - 100,000.00 58 4,226,018.44 4.40
100,000.01 - 150,000.00 153 20,611,680.05 21.46
150,000.01 - 200,000.00 123 22,160,060.25 23.07
200,000.01 - 250,000.00 47 10,699,699.12 11.14
250,000.01 - 300,000.00 44 12,219,809.12 12.72
300,000.01 - 350,000.00 19 6,269,156.00 6.53
350,000.01 - 400,000.00 13 4,924,934.31 5.13
400,000.01 - 450,000.00 7 3,047,026.08 3.17
450,000.01 - 500,000.00 13 6,443,065.81 6.71
(greater than) 500,000.00 7 4,011,762.78 4.18
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT LIMIT ($) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 50,000.00 6 137,292.13 0.15
50,000.01 - 100,000.00 15 294,255.55 0.32
100,000.01 - 150,000.00 152 16,781,019.84 18.36
150,000.01 - 200,000.00 180 23,398,500.64 25.60
200,000.01 - 250,000.00 60 9,937,954.75 10.87
250,000.01 - 300,000.00 53 11,755,349.34 12.86
300,000.01 - 350,000.00 27 7,111,811.03 7.78
350,000.01 - 400,000.00 21 5,761,541.02 6.30
400,000.01 - 450,000.00 11 3,594,245.76 3.93
450,000.01 - 500,000.00 22 8,606,919.95 9.42
(greater than) 500,000.00 7 4,011,762.78 4.39
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
31
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
LOAN RATE (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
5.875 - 6.000 385 64,607,211.04 67.27
9.001 - 9.500 16 2,355,755.96 2.45
9.501 - 10.000 6 382,056.48 0.40
10.001 - 10.500 12 1,552,615.37 1.62
10.501 - 11.000 4 445,599.07 0.46
11.001 - 11.500 15 2,613,733.58 2.72
11.501 - 12.000 29 3,755,521.08 3.91
12.001 - 12.500 28 5,598,837.81 5.83
12.501 - 13.000 29 5,161,061.45 5.37
13.001 - 13.500 16 2,370,961.34 2.47
13.501 - 14.000 21 3,235,547.74 3.37
14.001 - 14.500 13 2,647,305.05 2.76
14.501 - 15.000 5 658,243.21 0.69
(greater
than) 15.000 4 661,458.89 0.69
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MARGIN (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 0.500 19 1,020,268.96 1.12
0.501 - 1.000 37 5,662,693.60 6.20
1.001 - 1.500 19 2,647,487.29 2.90
1.501 - 2.000 39 6,202,237.82 6.79
2.001 - 2.500 110 18,440,924.98 20.18
2.501 - 3.000 86 15,554,840.13 17.02
3.001 - 3.500 59 10,617,311.53 11.62
3.501 - 4.000 60 10,800,795.70 11.82
4.001 - 4.500 70 10,597,948.95 11.60
4.501 - 5.000 41 7,568,377.04 8.28
5.001 - 5.500 7 774,864.93 0.85
5.501 - 6.000 7 1,502,901.86 1.64
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
MAX LOAN RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
18.000 554 91,390,652.79 100.00
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
32
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
NEXT RESET (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
1 314 52,013,517.55 56.91
2 222 35,822,644.80 39.20
3 18 3,554,490.44 3.89
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
UTILIZATION RATE (%) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
(less than or equal to) 10.00 67 271,300.39 0.30
10.01 - 20.00 14 472,064.42 0.52
20.01 - 30.00 18 932,032.63 1.02
30.01 - 40.00 21 1,296,373.84 1.42
40.01 - 50.00 22 2,289,251.78 2.50
50.01 - 60.00 22 2,754,805.40 3.01
60.01 - 70.00 24 3,704,271.29 4.05
70.01 - 80.00 32 4,701,578.94 5.14
80.01 - 90.00 28 5,428,670.92 5.94
90.01 - 100.00 306 69,540,303.18 76.09
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
COMBINED LTV (%): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
21.86 - 30.00 1 343,422.13 0.36
30.01 - 40.00 9 2,203,528.31 2.29
40.01 - 50.00 21 4,514,990.72 4.70
50.01 - 60.00 50 8,674,928.47 9.03
60.01 - 70.00 88 15,479,880.83 16.12
70.01 - 80.00 229 36,177,995.80 37.67
80.01 - 90.00 125 20,067,681.09 20.89
90.01 - 100.00 60 8,583,480.72 8.94
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
33
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
CREDIT SCORE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
595 - 600 3 592,609.01 0.62
601 - 650 76 13,536,442.01 14.09
651 - 700 223 37,930,524.21 39.49
701 - 750 182 28,476,724.99 29.65
751 - 800 96 15,050,252.87 15.67
801 - 809 3 459,354.98 0.48
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
ORIGINAL TERM (Months): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
180 488 82,775,648.45 86.18
300 95 13,270,259.62 13.82
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DRAW TERM (Months) (HELOC ONLY): Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
60 459 78,120,393.17 85.48
180 95 13,270,259.62 14.52
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 554 91,390,652.79 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
REMAINING TERM (Months) : Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
170 - 170 2 638,565.86 0.66
171 - 176 8 1,643,800.62 1.71
177 - 182 478 80,493,281.97 83.81
291 - 296 2 138,495.84 0.14
297 - 300 93 13,131,763.78 13.67
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
34
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DELINQUENT: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
30 Days Delinquent 3 450,000.00 0.47
Current 580 95,595,908.07 99.53
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
INDEX: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Prime Rate 554 91,390,652.79 95.15
Fixed Rate 29 4,655,255.28 4.85
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
AMORTIZATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Fully Amortizing 562 92,705,861.64 96.52
Balloon 21 3,340,046.43 3.48
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PROPERTY TYPE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Single Family 433 73,602,144.21 76.63
PUD 100 16,368,980.82 17.04
2-4 Units 25 3,306,902.81 3.44
Condominium 25 2,767,880.23 2.88
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
PURPOSE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Cash Out Refinance 524 84,170,061.86 87.64
Purchase 50 10,003,924.73 10.42
Rate/Term Refinance 9 1,871,921.48 1.95
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
35
<PAGE>
The information contained herein has been prepared solely for the use of
Greenwich Capital Markets, Inc. and has not been independently verified by
Greenwich Capital Markets, Inc. Accordingly, Greenwich Capital Markets, Inc.
makes no express or implied representations or warranties of any kind and
expressly disclaims all liability for any use or misuse of the contents hereof.
Greenwich Capital Markets, Inc. assumes no responsibility for the accuracy of
any material contained herein.
The information contained herein will be superseded by the description of the
mortgage loans contained in the prospectus supplement. Such information
supersedes the information in all prior collateral term sheets, if any.
<TABLE>
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
OCCUPANCY: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Primary 536 90,369,226.07 94.09
Non-owner 41 4,974,054.50 5.18
Second Home 6 702,627.50 0.73
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
DOCUMENTATION: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Limited Documentation 425 75,031,886.85 78.12
Full Documentation 138 17,826,675.88 18.56
No Ratio Documentation 20 3,187,345.34 3.32
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
<CAPTION>
% of Aggregate
Principal Balance Principal Balance
Number of Outstanding as of Outstanding as of
STATE: Mortgage Loans the Cut-off Date the Cut-off Date
-------------------------------------------------- ------------------- ---------------------- ---------------------
<S> <C> <C> <C>
Arizona 4 400,977.42 0.42
California 515 86,717,487.48 90.29
Colorado 3 269,001.45 0.28
Connecticut 1 0.00 0.00
District of Columbia 1 172,455.86 0.18
Florida 3 491,175.65 0.51
Georgia 3 485,726.42 0.51
Illinois 6 762,930.84 0.79
Maryland 4 811,741.86 0.85
Massachusetts 4 495,714.02 0.52
New Jersey 1 35,887.50 0.04
New Mexico 2 157,410.41 0.16
New York 14 2,148,178.37 2.24
Ohio 1 134,530.98 0.14
Oregon 4 644,891.54 0.67
Pennsylvania 1 51,755.50 0.05
Utah 1 5,398.00 0.01
Virginia 1 140,000.00 0.15
Washington 14 2,120,644.77 2.21
-------------------------------------------------- ------------------- ---------------------- ---------------------
TOTAL 583 96,045,908.07 100.00
================================================== =================== ====================== =====================
</TABLE>
GREENWICH CAPITAL
--------------------------------------------------------------------------------
36
