<PAGE>
EQUITY ONE
----------
A POPULAR, INC. COMPANY
Banc of America Securities
[LOGO]
--------------------------------------------------------------------------------
RMBS New Issue Term Sheet
$170,000,000 Certificates (approximate)
Equity One Mortgage Pass-Through Trust 2000-1
Offered Classes A-1, A-2, A-3, A-4, A-5 & A-6
Equity One ABS, Inc.
Depositor
Equity One, Inc.
Servicer
November 3, 2000
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private
information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not
to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or
solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter
does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the
recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material
may pertain to securities that ultimately are not sold. The information contained in this material may be based on assumptions
regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the
reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or
events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long
or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material
may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does
not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in
this material is current as of the date appearing on this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether
regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any
final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer
of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is
not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is
acting as underwriter and not acting as agent for the issuer in connection with the proposed transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Offered Certificates:
----------------------------------------------------------------------------------------------------------------------------
To Maturity:
----------------------------------------------------------------------------------------------------------------------------
Expected
Expected Last
Expected Principal Scheduled Expected Ratings
Approximate Interest Principal Expected Window Distribution ---------------------------------
Class Size* Type Type WAL (yrs) (mos) Date Moody's S&P
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 56,000,000 Fixed SEQ 0.89 1 - 20 04/25/2008 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-2 22,000,000 Fixed SEQ 2.15 20 - 30 08/25/2012 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-3 37,000,000 Fixed SEQ 3.10 30 - 51 05/25/2015 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-4 22,000,000 Fixed SEQ 5.24 51 - 83 04/25/2021 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-5** 16,000,000 Fixed SEQ 10.95 83 - 184 01/25/2030 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-6 17,000,000 Fixed NAS 6.67 37 - 174 05/25/2015 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
To 10% Call:
----------------------------------------------------------------------------------------------------------------------------
Expected
Expected Last
Expected Principal Scheduled Expected Ratings
Approximate Interest Principal Expected Window Distribution -----------------------------
Class Size* Type Type WAL (yrs) (mos) Date Moody's S&P
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 56,000,000 Fixed SEQ 0.89 1 - 20 04/25/2008 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-2 22,000,000 Fixed SEQ 2.15 20 - 30 08/25/2012 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-3 37,000,000 Fixed SEQ 3.10 30 - 51 05/25/2015 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-4 22,000,000 Fixed SEQ 5.24 51 - 83 04/25/2021 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-5** 16,000,000 Fixed SEQ 8.58 83 - 104 04/25/2021 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
A-6 17,000,000 Fixed NAS 6.55 37 - 104 05/25/2015 Aaa AAA
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
* The Approximate Size is subject to a permitted variance in the aggregate of
plus or minus 5%.
** Priced to call.
<PAGE>
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Structure:
(1) The AMBAC insurance policy will provide an irrevocable and unconditional
financial guarantee of timely payment of interest and ultimate payment of
principal on all Classes.
(2) After the Optional Termination Date, the coupon on the Class A-5
Certificates will increase by 50 bps per annum.
(3) All classes may be subject to a Net WAC Cap as described herein.
--------------------------------------------------------------------------------
Pricing Speed:
--------------------------------------------------------------------------------
100% PPC 100% PPC assumes that prepayments start at 4% CPR in month one,
increase by approximately 1.455% each month to 20% CPR in month
twelve, and remain at 20% CPR thereafter.
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private
information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This material is
not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer
or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable, but the
Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this
material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in
this material may pertain to securities that ultimately are not sold. The information contained in this material may be based on
assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation regarding
the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or
events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates, officers,
directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to
time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Contact: Banc of America Securities LLC
Mortgage Trading/Syndicate (704) 386-7744 (704) 335-5904 (Fax)
Chris Hentemann (chrishe@ BankofAmerica.com)
Alex Cha (alex.i.cha@ BankofAmerica.com)
Bill Hale (bill.e.hale@ BankofAmerica.com)
Mortgage Finance (704) 388-9668(Fax)
Shahid Quraishi (704) 388-9399
Michael Ciuffo (704) 388-8737 ([email protected])
Vikas Garg (704) 388-3681 ([email protected])
Adam Webb (704) 387-0958 (adam.x.webb@ BankofAmerica.com)
</TABLE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
SUMMARY OF TERMS
Title of Securities: Mortgage Pass-Through Certificates, Series
2000-1.
Offered Certificates: Classes A-1, A-2, A-3, A-4, A-5 and A-6
("Class A Certificates").
Retained Certificates: Class X and Class R Certificate.
Servicer: Equity One, Inc.
Depositor: Equity One ABS, Inc.
Trustee & Custodian: The Chase Manhattan Bank.
Certificate Insurer: AMBAC Assurance Corporation.
Rating Agencies: Moody's Investor's Service, Inc. ("Moodys") and
Standard and Poor's ("S&P").
Underwriter: Banc of America Securities LLC.
Closing Date: On or about November 16, 2000.
Registration: DTC, Clearstream, Luxembourg and the Euroclear
System.
Accrued Interest: All Offered Certificates will settle with accrued
interest.
Distribution Dates: The 25th of each month, or if such day is not a
business day, the next succeeding business day,
beginning on December 26, 2000.
Record Date: The last business day in the month preceding the
applicable Distribution Date.
Statistical Calculation Date: The close of business on October 31, 2000.
Cut-off Date: For each Mortgage Loan in the mortgage pool on
the Closing Date (the "Initial Mortgage Loans"),
the close of business October 31, 2000. For each
Mortgage Loan acquired by the trust with funds
from the Pre-funding Account, the later of (i)
the origination date of that Mortgage Loan or
(ii) the first day of the month in which such
loan was acquired.
Payment Delay: 24 days
Day Count: 30/360
Servicing Fee: 0.50% per annum of the aggregate principal
balance of the Mortgage Loans ("Servicing
Fee").
Trustee Fee: 0.02% per annum of the aggregate principal
balance of the Mortgage Loans plus amounts
then on deposit in the Pre-funding Account
("Trustee Fee").
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
Optional Termination Date: Any Distribution Date
on or after which the aggregate principal
balance of the Mortgage Loans declines to
10% or less of the sum of the aggregate
principal balance of the Initial Mortgage
Loans as of the Cut-off Date ("Cut-off
Date Principal Balance") and the original
Pre-funded Amount.
Denomination: $25,000 and multiples of $1 in excess thereof.
SMMEA Eligibility: The Offered Certificates will not be
SMMEA eligible.
ERISA Eligibility: The Class A Certificates should be ERISA
eligible under Banc of America's administrative
exemption from certain prohibited transaction
rules granted by the Department of Labor unless
conditions of the exemption under the control of
the investor are not met. A fiduciary of any
employee benefit plan subject to ERISA
should carefully review with its legal advisors
whether the purchase of the certificates could
give rise to a prohibited transaction.
Tax Status: The Offered Certificates will be designated as
regular interests in a REMIC and, as such, will be
treated as debt instruments of a REMIC for federal
income tax purposes.
Mortgage Loans: Consist of fixed-rate mortgage loans secured by
first liens on one- to four-family dwellings
("Residential Loans") and mortgage loans secured by
first liens on multi-family properties and
structures which contain both residential dwelling
units and space used for retail, professional or
other commercial uses ("Mixed Use Loans") and,
together with the Residential Loans, the "Mortgage
Loans". The Mortgage Loans will be secured by
both level pay and balloon mortgages.
Initial Mortgage Loan Pool: o The collateral information presented in this
term sheet regarding the initial mortgage pool
is as of the Statistical Calculation Date.
o Consists of 1,879 Mortgage Loans having an
aggregate Cut-off Date Principal Balance of
$154,072,885.38.
Pre-Funding Amount: A Pre-Funding Account will be established on the
Closing Date into which no more than $30,000,000
("Original Pre-Funded Amount") will be deposited to
purchase additional Residential Mortgage Loans. On
or prior to the earlier to occur of (a) an event of
default under the Pooling and Servicing Agreement
and (b) [February 13, 2001](the "Pre-Funding
Period"), the amounts on deposit in the Pre-Funding
Account will be used to purchase additional
Residential Mortgage Loans (to the extent
available) having similar characteristics as the
initial Residential Mortgage Loans (with any unused
portion of such deposit amount to be distributed as
principal to the Class A Certificates). See
"Description of the Statistical Calculation
Collateral".
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
Monthly Servicer Advances: The Servicer is
required to advance scheduled principal
and interest (net of the Servicing Fee)
for any delinquent Mortgage Loan, but is
not required to make any advance which
the Servicer deems to be nonrecoverable.
Credit Enhancement: Credit enhancement for the structure is
provided by the AMBAC Insurance Policy,
excess interest and overcollateralization.
The targeted overcollateralization amount
is expected to be [3.00%].
AMBAC Insurance Policy: The AMBAC Insurance Policy will guarantee
current payments of interest and ultimate
payment of principal to holders of the
Offered Certificates.
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS
Interest Accrual: o Interest will accrue on the related class
certificate balance at a rate equal to the
lesser of (i) the applicable pass-through rate
and (ii) the Net WAC Cap.
o Interest accrues during the calendar month prior
to the current Distribution Date on a 30/360
basis.
o Interest entitlement will be reduced by the sum
of (i) net prepayment interest shortfalls for the
related due period and (ii) shortfalls in
interest resulting from the application of the
Soldiers and Sailors Relief Act of 1940.
Step-up Coupon: After the Optional Termination Date, the
pass-through rate on the Class A-5 will
increase by 50 bps per annum.
Net WAC Cap: The Net WAC Cap with respect to each Distribution
Date is the weighted average of the mortgage
interest rates (net of the Servicing Fee, Trustee
Fee and the rate at which the Insurer's monthly
premium accrues), weighted on the basis of the
principal balances of the Mortgage Loans as of the
first day of the related interest accrual period.
Net WAC Cap Carryover: For the Class A Certificates on any Distribution
Date, if the applicable pass-through rate is
reduced to the Net WAC Cap, the Class A
Certificates will be entitled to the excess of any
interest that would have accrued at the applicable
pass-through rate (without regard to the Net WAC
Cap) over the interest accrued at the applicable
pass-through rate (as capped by the Nat WAC Cap),
together with one-month's interest thereon at the
applicable pass-through rate in the priority
described under "PRIORITY OF DISTRIBUTIONS" herein.
The amount of any Net WAC Cap Carryover
will be payable only from the Net WAC Cap
Account, which will be established on the
Closing Date for such purpose. The AMBAC
Insurance Policy does not cover any Net
WAC Cap Carryover amounts.
Prepayment Interest For any Distribution Date and any principal
Shortfall: prepayment on a Mortgage Loan received by the
Servicer on or before its due date in the related
due period, the amount, if any, by which one
month's interest at the mortgage interest rate for
such Mortgage Loan exceeds the amount of interest
paid in connection with such prepayment.
Servicer Obligations for The Servicer will be obligated to pay from its own
Prepayment Interest funds Prepayment Interest Shortfalls for any
Shortfalls: prepayment in full on a Mortgage Loan, but only up
to the amount of its Servicing Fee for the related
due period.
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
PRINCIPAL DISTRIBUTION PRIORITIES
Principal Priority
Sequential Pay
--------------------------------------------------------------------------------
Mortgage Class A-1 A-2 A-3 A-4 A-5
Loans
--------------------------------------------------------------------------------
A-6 (NAS)
--------------------------------------------------------------------------------
* The Class A-6 will receive principal based on the Class A-6 Principal
Distribution Amount as defined below.
Principal Payments: Payments of principal to the Certificates are
derived primarily from collections of
principal from the mortgage loans.
Class A-6 Principal The Class A-6 Principal Distribution Amount is
Distribution Amount: equal to the Class A-6 Lockout Percentage
multiplied by its pro-rata allocation of the Class
A Principal Distribution Amount.
The Class A-6 Lockout Percentage is equal to the
following:
Class A-6 Lockout
Month Percentage
----- -----------------
December 2000 to November 2003 0%
December 2003 to November 2005 45%
December 2005 to November 2006 80%
December 2006 to November 2007 100%
December 2007 and thereafter 300%
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
PRIORITY OF DISTRIBUTIONS
On each Distribution Date the Trustee shall withdraw from the Distribution
Account the funds available for distribution to Certificates, and make the
following disbursements and transfers as described below:
(1) to the Insurer, the Insurer's monthly premium;
(2) to the Trustee, the Trustee Fee and expenses of the Trustee;
(3) to the Servicer, the Servicing Fee and any other reimbursable amounts;
(4) to the Class A Certificates, current interest on a pro-rata basis;
(5) (a) first, to the Class A-6 Certificates, the Class A-6 Principal
Distribution Amount, and, second, the Principal Distribution Amount,
sequentially to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5
and Class A-6 Certificates in that order, until their respective Class
Certificate Balances are reduced to zero;
(6) to the Insurer, any payments due and owing to the Insurer under the
Insurance Agreement other than the Insurer's monthly premium;
(7) any remaining amounts, sequentially to the Class A-1, Class A-2,
Class A-3, Class A-4, Class A-5 and Class A-6 Certificates in that order,
until the overcollateralization target is reached or until their
respective Class Certificate Balances are reduced to zero;
(8) to the Net WAC Cap Account, the required amount if any;
(9) to the Class X Certificateholders, an amount described under the Pooling
and Servicing Agreement;
(10) to the Class R Certificateholders, any remaining amount.
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
TOTAL MORTGAGE LOANS
<TABLE>
<CAPTION>
Summary Total Minimum Maximum
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Statistical Calculation Date Aggregate Principal Balance $154,072,885.38
Number of Loans 1,879
Average Original Loan Balance 82,538.04 8,800.00 500,000
Average Cut-Off Loan Balance 81,997.28 5,554.35 499,150.48
*Weighted Average Current LTV 73.34% 14.76% 100.00%
*Weighted Average Gross Coupon 10.367% 8.50% 13.99%
*Weighted Average Remaining Term to Maturity (months) 162.3 17 360
**Weighted Average Credit Score 634 400 841
--------------------------------------------------------------------------------------------------------------------
</TABLE>
* Weighted Average reflected in Total.
**97.69% of the Mortgage Loans have Credit Scores.
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
Percent of Cut-off Date
Range Principal Balance
----- -----------------------
<S> <C> <C>
Product Type Fixed 100.00%
Fully Amortizing Mortgage Loans 26.87%
Balloon Mortgage Loans 73.13%
Lien First 100.00%
Property Type Single Family 64.87%
Mixed Use 24.24%
Duplex 4.42%
Condominium 2.36%
Triplex 0.94%
Apartment Building 0.85%
Others 2.31%
Occupancy Status Owner Occupied 63.28%
Non-Owner Occupied 36.72%
Geographic Distribution New Jersey 25.89%
Pennsylvania 23.42%
North Carolina 5.76%
Others 44.93%
Number of States 41
Largest Zip Code Concentration 08226 2.12%
Loans with Prepayment Penalties 46.81%
---------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Range of Mortgage Interest Rates
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Range of Gross Number Of Outstanding as of Principal Balance
Interest Rates Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
8.251% to 8.500% 22 $1,814,999.52 1.18%
------------------------------------------------------------------------------------------------------
8.501% to 8.750% 50 3,876,160.29 2.52
------------------------------------------------------------------------------------------------------
8.751% to 9.000% 98 8,287,783.39 5.38
------------------------------------------------------------------------------------------------------
9.001% to 9.250% 88 6,572,125.10 4.27
------------------------------------------------------------------------------------------------------
9.251% to 9.500% 108 8,567,552.38 5.56
------------------------------------------------------------------------------------------------------
9.501% to 9.750% 161 15,379,969.92 9.98
------------------------------------------------------------------------------------------------------
9.751% to 10.000% 226 18,853,060.46 12.24
------------------------------------------------------------------------------------------------------
10.001% to 10.250% 169 14,093,191.34 9.15
------------------------------------------------------------------------------------------------------
10.251% to 10.500% 188 16,174,918.82 10.50
------------------------------------------------------------------------------------------------------
10.501% to 10.750% 165 13,399,730.88 8.70
------------------------------------------------------------------------------------------------------
10.751% to 11.000% 183 14,951,434.56 9.70
------------------------------------------------------------------------------------------------------
11.001% to 11.250% 103 8,868,706.57 5.76
------------------------------------------------------------------------------------------------------
11.251% to 11.500% 114 8,636,687.82 5.61
------------------------------------------------------------------------------------------------------
11.501% to 11.750% 71 5,213,133.65 3.38
------------------------------------------------------------------------------------------------------
11.751% to 12.000% 45 3,582,988.97 2.33
------------------------------------------------------------------------------------------------------
12.001% to 12.250% 23 1,997,727.72 1.30
------------------------------------------------------------------------------------------------------
12.251% to 12.500% 30 2,008,646.05 1.30
------------------------------------------------------------------------------------------------------
12.501% to 12.750% 14 776,100.30 0.50
------------------------------------------------------------------------------------------------------
12.751% to 13.000% 10 472,650.52 0.31
------------------------------------------------------------------------------------------------------
13.001% to 13.250% 2 122,816.88 0.08
------------------------------------------------------------------------------------------------------
13.251% to 13.500% 1 82,500.00 0.05
------------------------------------------------------------------------------------------------------
13.501% to 13.750% 6 308,224.36 0.20
------------------------------------------------------------------------------------------------------
13.751% to 14.000% 2 31,775.88 0.02
------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Current Loan-to-Value
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Range of Number Of Outstanding as of Principal Balance
Loan To Value Ratios Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
10.001% to 15.000% 1 $10,034.89 0.01%
----------------------------------------------------------------------------------------------------------
15.001% to 20.000% 8 174,937.67 0.11
----------------------------------------------------------------------------------------------------------
20.001% to 25.000% 5 187,870.53 0.12
----------------------------------------------------------------------------------------------------------
25.001% to 30.000% 9 244,603.24 0.16
----------------------------------------------------------------------------------------------------------
30.001% to 35.000% 8 498,397.89 0.32
----------------------------------------------------------------------------------------------------------
35.001% to 40.000% 20 1,121,087.44 0.73
----------------------------------------------------------------------------------------------------------
40.001% to 45.000% 23 1,564,898.66 1.02
----------------------------------------------------------------------------------------------------------
45.001% to 50.000% 38 3,963,071.30 2.57
----------------------------------------------------------------------------------------------------------
50.001% to 55.000% 42 3,472,319.43 2.25
----------------------------------------------------------------------------------------------------------
55.001% to 60.000% 89 7,767,384.57 5.04
----------------------------------------------------------------------------------------------------------
60.001% to 65.000% 126 12,826,190.92 8.32
----------------------------------------------------------------------------------------------------------
65.001% to 70.000% 266 21,523,822.75 13.97
----------------------------------------------------------------------------------------------------------
70.001% to 75.000% 344 27,126,338.76 17.61
----------------------------------------------------------------------------------------------------------
75.001% to 80.000% 597 46,455,393.25 30.15
----------------------------------------------------------------------------------------------------------
80.001% to 85.000% 136 12,143,280.04 7.88
----------------------------------------------------------------------------------------------------------
85.001% to 90.000% 133 11,918,172.78 7.74
----------------------------------------------------------------------------------------------------------
90.001% to 95.000% 20 1,599,047.07 1.04
----------------------------------------------------------------------------------------------------------
95.001% to 100.000% 14 1,476,034.19 0.96
----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
==========================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Statistical Calculation Date Principal Balance
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Range of Statistical Number Of Outstanding as of Principal Balance
Calculation Date Mortgage Loans the Statistical Outstanding as of the
Principal Balances Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
$ .01 to 20,000.00 71 $1,204,322.48 0.78%
-----------------------------------------------------------------------------------------------------------
20,000.01 to 30,000.00 184 4,759,896.69 3.09
-----------------------------------------------------------------------------------------------------------
30,000.01 to 40,000.00 221 7,816,271.04 5.07
-----------------------------------------------------------------------------------------------------------
40,000.01 to 50,000.00 178 8,078,030.38 5.24
-----------------------------------------------------------------------------------------------------------
50,000.01 to 60,000.00 192 10,640,144.36 6.91
-----------------------------------------------------------------------------------------------------------
60,000.01 to 70,000.00 198 12,839,254.14 8.33
-----------------------------------------------------------------------------------------------------------
70,000.01 to 80,000.00 125 9,397,420.39 6.10
-----------------------------------------------------------------------------------------------------------
80,000.01 to 90,000.00 112 9,463,317.78 6.14
-----------------------------------------------------------------------------------------------------------
90,000.01 to 100,000.00 115 11,032,947.25 7.16
-----------------------------------------------------------------------------------------------------------
100,000.01 to 110,000.00 78 8,134,894.24 5.28
-----------------------------------------------------------------------------------------------------------
110,000.01 to 120,000.00 71 8,242,505.57 5.35
-----------------------------------------------------------------------------------------------------------
120,000.01 to 130,000.00 58 7,242,379.37 4.70
-----------------------------------------------------------------------------------------------------------
130,000.01 to 140,000.00 46 6,241,809.80 4.05
-----------------------------------------------------------------------------------------------------------
140,000.01 to 150,000.00 36 5,214,975.99 3.38
-----------------------------------------------------------------------------------------------------------
150,000.01 to 160,000.00 28 4,331,141.42 2.81
-----------------------------------------------------------------------------------------------------------
160,000.01 to 170,000.00 18 2,971,931.32 1.93
-----------------------------------------------------------------------------------------------------------
170,000.01 to 180,000.00 24 4,214,328.57 2.74
-----------------------------------------------------------------------------------------------------------
180,000.01 to 190,000.00 14 2,571,623.23 1.67
-----------------------------------------------------------------------------------------------------------
190,000.01 to 200,000.00 5 968,401.52 0.63
-----------------------------------------------------------------------------------------------------------
200,000.01 to 225,000.00 32 6,820,766.40 4.43
-----------------------------------------------------------------------------------------------------------
225,000.01 to 250,000.00 23 5,442,002.55 3.53
-----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Range of Statistical Number Of Outstanding as of Principal Balance
Calculation Date Mortgage Loans the Statistical Outstanding as of the
Principal Balances Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
250,000.01 to 275,000.00 15 3,932,086.24 2.55
-----------------------------------------------------------------------------------------------------------
275,000.01 to 300,000.00 9 2,634,423.76 1.71
-----------------------------------------------------------------------------------------------------------
300,000.01 to 325,000.00 6 1,891,566.62 1.23
-----------------------------------------------------------------------------------------------------------
325,000.01 to 350,000.00 6 2,001,567.84 1.30
-----------------------------------------------------------------------------------------------------------
350,000.01 to 375,000.00 3 1,100,550.07 0.71
----------------------------------------------------------------------------------------------------------
375,000.01 to 400,000.00 3 1,198,887.43 0.78
-----------------------------------------------------------------------------------------------------------
400,000.01 to 425,000.00 2 848,678.43 0.55
-----------------------------------------------------------------------------------------------------------
450,000.01 to 475,000.00 4 1,844,803.75 1.20
-----------------------------------------------------------------------------------------------------------
475,000.01 to 500,000.00 2 991,956.75 0.64
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Remaining Term to Maturity
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Remaining Term Number Of Outstanding as of Principal Balance
(Months) Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
0 to 60 320 $36,142,308.15 23.46%
-----------------------------------------------------------------------------------------------------------
61 to 120 234 25,490,739.59 16.54
-----------------------------------------------------------------------------------------------------------
121 to 180 949 62,811,837.97 40.77
-----------------------------------------------------------------------------------------------------------
181 to 240 95 5,055,418.07 3.28
-----------------------------------------------------------------------------------------------------------
241 to 300 12 1,937,723.69 1.26
-----------------------------------------------------------------------------------------------------------
301 to 360 269 22,634,857.91 14.69
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
Credit Score
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Range of Number Of Outstanding as of Principal Balance
Credit Scores Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Greater than 750 76 $8,149,286.12 5.29%
-----------------------------------------------------------------------------------------------------------
701 to 750 218 19,026,856.97 12.35
-----------------------------------------------------------------------------------------------------------
651 to 700 425 34,057,319.30 22.10
-----------------------------------------------------------------------------------------------------------
601 to 650 526 42,873,021.43 27.83
-----------------------------------------------------------------------------------------------------------
551 to 600 375 28,900,228.20 18.76
-----------------------------------------------------------------------------------------------------------
501 to 550 178 14,239,466.91 9.24
-----------------------------------------------------------------------------------------------------------
Less than or equal to 500 81 6,826,706.45 4.43
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
Credit Grade
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of Principal Balance
Credit Grade Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A 1,430 $119,047,863.94 77.27%
-----------------------------------------------------------------------------------------------------------
B 439 34,351,375.20 22.30
-----------------------------------------------------------------------------------------------------------
C 10 673,646.24 0.44
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Property Type
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of Principal Balance
Property Type Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Single Family Detached 1,331 $99,951,213.70 64.87%
-----------------------------------------------------------------------------------------------------------
Mixed Use 317 37,348,537.85 24.24
-----------------------------------------------------------------------------------------------------------
Duplex 93 6,811,320.82 4.42
-----------------------------------------------------------------------------------------------------------
Condominium 67 3,632,854.84 2.36
-----------------------------------------------------------------------------------------------------------
Triplex 16 1,455,918.71 0.94
-----------------------------------------------------------------------------------------------------------
Apartment Building 9 1,312,639.37 0.85
-----------------------------------------------------------------------------------------------------------
Townhouse 22 1,183,004.95 0.77
-----------------------------------------------------------------------------------------------------------
Quadruplex 11 1,058,125.12 0.69
-----------------------------------------------------------------------------------------------------------
Mobile Home 4 339,703.16 0.22
-----------------------------------------------------------------------------------------------------------
9 Family/Units 1 318,980.16 0.21
-----------------------------------------------------------------------------------------------------------
7 Family/Units 1 223,051.76 0.14
-----------------------------------------------------------------------------------------------------------
6 Family/Units 2 180,842.85 0.12
-----------------------------------------------------------------------------------------------------------
Row Home 4 138,388.86 0.09
-----------------------------------------------------------------------------------------------------------
8 Family/Units 1 118,303.23 0.08
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
Occupancy
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of Principal Balance
Occupancy Status Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Owner Occupied 1,144 $97,497,516.08 63.28%
-----------------------------------------------------------------------------------------------------------
Non-Owner Occupied 735 56,575,369.30 36.72
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
Documentation
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of Principal Balance
Documentation Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Income Verifiable 1,610 $131,522,006.38 85.36%
-----------------------------------------------------------------------------------------------------------
Non-Income Verifiable 269 22,550,879.00 14.64
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
Mortgage Loan Purpose
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of Principal Balance
Purpose Mortgage Loans the Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Refinance 982 $84,302,971.61 54.72%
-----------------------------------------------------------------------------------------------------------
Purchase 795 63,422,010.27 41.16
-----------------------------------------------------------------------------------------------------------
Unknown 102 6,347,903.50 4.12
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
DESCRIPTION OF THE STATISTICAL CALCULATION COLLATERAL
State or Territory Concentration
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of the Principal Balance
State or Territory Mortgage Loans Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
New Jersey 351 $39,891,423.93 25.89%
-----------------------------------------------------------------------------------------------------------
Pennsylvania 571 36,086,262.65 23.42
-----------------------------------------------------------------------------------------------------------
North Carolina 110 8,874,130.28 5.76
-----------------------------------------------------------------------------------------------------------
Massachusetts 42 5,833,522.40 3.79
-----------------------------------------------------------------------------------------------------------
Iowa 91 5,711,954.65 3.71
-----------------------------------------------------------------------------------------------------------
Washington 46 4,909,406.71 3.19
-----------------------------------------------------------------------------------------------------------
South Dakota 63 4,491,412.92 2.92
-----------------------------------------------------------------------------------------------------------
Missouri 70 4,255,846.26 2.76
-----------------------------------------------------------------------------------------------------------
Ohio 65 4,111,191.38 2.67
-----------------------------------------------------------------------------------------------------------
Kansas 56 3,798,597.08 2.47
-----------------------------------------------------------------------------------------------------------
Nebraska 45 3,149,909.18 2.04
-----------------------------------------------------------------------------------------------------------
Minnesota 26 2,599,429.23 1.69
-----------------------------------------------------------------------------------------------------------
Colorado 15 2,410,564.06 1.56
-----------------------------------------------------------------------------------------------------------
Nevada 21 2,341,878.20 1.52
-----------------------------------------------------------------------------------------------------------
Georgia 22 2,171,020.65 1.41
-----------------------------------------------------------------------------------------------------------
Delaware 29 2,163,406.75 1.40
-----------------------------------------------------------------------------------------------------------
Oregon 13 2,113,154.07 1.37
-----------------------------------------------------------------------------------------------------------
Maryland 28 2,097,745.26 1.36
-----------------------------------------------------------------------------------------------------------
Oklahoma 32 2,049,729.02 1.33
-----------------------------------------------------------------------------------------------------------
Rhode Island 18 1,904,405.39 1.24
-----------------------------------------------------------------------------------------------------------
Idaho 17 1,614,916.08 1.05
-----------------------------------------------------------------------------------------------------------
Wisconsin 16 1,364,421.02 0.89
-----------------------------------------------------------------------------------------------------------
Utah 10 1,320,344.73 0.86
-----------------------------------------------------------------------------------------------------------
Illinois 13 1,174,239.28 0.76
-----------------------------------------------------------------------------------------------------------
Florida 16 930,234.98 0.60
-----------------------------------------------------------------------------------------------------------
Montana 10 878,707.07 0.57
-----------------------------------------------------------------------------------------------------------
New Hampshire 9 830,376.81 0.54
-----------------------------------------------------------------------------------------------------------
Maine 8 796,294.00 0.52
-----------------------------------------------------------------------------------------------------------
Arizona 7 506,447.00 0.33
-----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
Principal Balance % Of Aggregate
Number Of Outstanding as of the Principal Balance
State or Territory Mortgage Loans Statistical Outstanding as of the
Calculation Date Statistical Calculation Date
-----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
New York 7 498,589.99 0.32
-----------------------------------------------------------------------------------------------------------
Virginia 7 477,478.48 0.31
-----------------------------------------------------------------------------------------------------------
New Mexico 5 476,710.13 0.31
-----------------------------------------------------------------------------------------------------------
Indiana 8 472,906.09 0.31
-----------------------------------------------------------------------------------------------------------
South Carolina 8 415,427.67 0.27
-----------------------------------------------------------------------------------------------------------
Tennessee 5 395,030.67 0.26
-----------------------------------------------------------------------------------------------------------
Kentucky 8 366,144.81 0.24
-----------------------------------------------------------------------------------------------------------
Michigan 5 312,231.02 0.20
-----------------------------------------------------------------------------------------------------------
West Virginia 3 112,353.04 0.07
-----------------------------------------------------------------------------------------------------------
Connecticut 1 61,674.75 0.04
-----------------------------------------------------------------------------------------------------------
Wyoming 1 52,631.99 0.03
-----------------------------------------------------------------------------------------------------------
North Dakota 1 50,735.70 0.03
-----------------------------------------------------------------------------------------------------------
TOTAL 1,879 $154,072,885.38 100.00%
===========================================================================================================
</TABLE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
BOND SUMMARY (to Maturity)
<TABLE>
<CAPTION>
A-1 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Average Life (yrs.) 1.49 1.12 0.89 0.75 0.65 0.52 0.43
Modified Duration (yrs.)* 1.35 1.04 0.83 0.71 0.62 0.49 0.41
First Principal Payment Date 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000
Last Principal Payment Date 05/25/2003 02/25/2003 07/25/2002 04/25/2002 01/25/2002 10/25/2001 08/25/2001
Payment Windows (mos.) 30 27 20 17 14 11 9
A-2 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 3.01 2.50 2.15 1.74 1.46 1.12 0.90
Modified Duration (yrs.)* 2.62 2.22 1.93 1.58 1.35 1.04 0.85
First Principal Payment Date 05/25/2003 02/25/2003 07/25/2002 04/25/2002 01/25/2002 10/25/2001 08/25/2001
Last Principal Payment Date 09/25/2004 07/25/2003 05/25/2003 12/25/2002 08/25/2002 03/25/2002 11/25/2001
Payment Windows (mos.) 17 6 11 9 8 6 4
A-3 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 5.41 3.91 3.10 2.61 2.27 1.73 1.36
Modified Duration (yrs.)* 4.30 3.28 2.68 2.30 2.02 1.57 1.26
First Principal Payment Date 09/25/2004 07/25/2003 05/25/2003 12/25/2002 08/25/2002 03/25/2002 11/25/2001
Last Principal Payment Date 05/25/2009 01/25/2006 02/25/2005 03/25/2004 08/25/2003 01/25/2003 07/25/2002
Payment Windows (mos.) 57 31 22 16 13 11 9
A-4 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 10.86 7.42 5.24 4.21 3.45 2.54 2.02
Modified Duration (yrs.)* 7.13 5.44 4.17 3.48 2.94 2.24 1.81
First Principal Payment Date 05/25/2009 01/25/2006 02/25/2005 03/25/2004 08/25/2003 01/25/2003 07/25/2002
Last Principal Payment Date 02/25/2015 12/25/2010 10/25/2007 12/25/2005 03/25/2005 11/25/2003 03/25/2003
Payment Windows (mos.) 70 60 33 22 20 11 9
A-5 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 15.72 13.31 10.95 8.41 6.37 3.78 2.70
Modified Duration (yrs.)* 8.69 7.94 7.03 5.82 4.74 3.16 2.35
First Principal Payment Date 02/25/2015 12/25/2010 10/25/2007 12/25/2005 03/25/2005 11/25/2003 03/25/2003
Last Principal Payment Date 12/25/2024 02/25/2020 03/25/2016 05/25/2015 10/25/2013 10/25/2005 03/25/2004
Payment Windows (mos.) 119 111 102 114 104 24 13
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*Modified duration calculated assuming a price of 100.00%.
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
BOND SUMMARY (to Maturity)
<TABLE>
<CAPTION>
A-6 (To Maturity)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Average Life (yrs.) 7.73 7.12 6.67 6.33 6.07 5.44 4.36
Modified Duration (yrs.)* 5.60 5.27 5.02 4.83 4.67 4.29 3.59
First Principal Payment Date 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003
Last Principal Payment Date 05/25/2015 05/25/2015 05/25/2015 05/25/2015 08/25/2013 05/25/2010 03/25/2008
Payment Windows (mos.) 138 138 138 138 117 78 52
</TABLE>
*Modified duration calculated assuming a price of 100.00%.
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
BOND SUMMARY (to Call)
<TABLE>
<CAPTION>
A-1 (To Call)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Average Life (yrs.) 1.49 1.12 0.89 0.75 0.65 0.52 0.43
Modified Duration (yrs.)* 1.35 1.04 0.83 0.71 0.62 0.49 0.41
First Principal Payment Date 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000 12/25/2000
Last Principal Payment Date 05/25/2003 02/25/2003 07/25/2002 04/25/2002 01/25/2002 10/25/2001 08/25/2001
Payment Windows (mos.) 30 27 20 17 14 11 9
A-2 (To Call)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 3.01 2.50 2.15 1.74 1.46 1.12 0.90
Modified Duration (yrs.)* 2.62 2.22 1.93 1.58 1.35 1.04 0.85
First Principal Payment Date 05/25/2003 02/25/2003 07/25/2002 04/25/2002 01/25/2002 10/25/2001 08/25/2001
Last Principal Payment Date 09/25/2004 07/25/2003 05/25/2003 12/25/2002 08/25/2002 03/25/2002 11/25/2001
Payment Windows (mos.) 17 6 11 9 8 6 4
A-3 (To Call)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 5.41 3.91 3.10 2.61 2.27 1.73 1.36
Modified Duration (yrs.)* 4.30 3.28 2.68 2.30 2.02 1.57 1.26
First Principal Payment Date 09/25/2004 07/25/2003 05/25/2003 12/25/2002 08/25/2002 03/25/2002 11/25/2001
Last Principal Payment Date 05/25/2009 01/25/2006 02/25/2005 03/25/2004 08/25/2003 01/25/2003 07/25/2002
Payment Windows (mos.) 57 31 22 16 13 11 9
A-4 (To Call)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 10.86 7.42 5.24 4.21 3.45 2.54 2.02
Modified Duration (yrs.)* 7.13 5.44 4.17 3.48 2.94 2.24 1.81
First Principal Payment Date 05/25/2009 01/25/2006 02/25/2005 03/25/2004 08/25/2003 01/25/2003 07/25/2002
Last Principal Payment Date 02/25/2015 12/25/2010 10/25/2007 12/25/2005 03/25/2005 11/25/2003 03/25/2003
Payment Windows (mos.) 70 60 33 22 20 11 9
A-5 (To Call)
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
Average Life (yrs.) 14.36 10.35 8.58 6.47 5.21 3.72 2.70
Modified Duration (yrs.)* 8.33 6.85 6.03 4.89 4.13 3.12 2.35
First Principal Payment Date 02/25/2015 12/25/2010 10/25/2007 12/25/2005 03/25/2005 11/25/2003 03/25/2003
Last Principal Payment Date 03/25/2015 03/25/2011 07/25/2009 10/25/2007 07/25/2006 03/25/2005 02/25/2004
Payment Windows (mos.) 2 4 22 23 17 17 12
</TABLE>
*Modified duration calculated assuming a price of 100.00%.
<PAGE>
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
--------------------------------------------------------------------------------
Equity One ABS, Inc.
Mortgage Pass-Through Certificates, Series 2000-1
$170,000,000 (approximate)
--------------------------------------------------------------------------------
BOND SUMMARY (to Call)
A-6 (To Call)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Prepayments (PPC) 50% 75% 100% 125% 150% 200% 250%
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Average Life (yrs.) 7.73 7.07 6.55 5.86 5.13 4.17 3.27
Modified Duration (yrs.)* 5.60 5.25 4.96 4.57 4.12 3.47 2.81
First Principal Payment Date 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003 12/25/2003
Last Principal Payment Date 03/25/2015 03/25/2011 07/25/2009 10/25/2007 07/25/2006 03/25/2005 02/25/2004
Payment Windows (mos.) 136 88 68 47 32 16 3
</TABLE>
*Modified duration calculated assuming a price of 100.00%.
<TABLE>
<CAPTION>
Banc of America Securities LLC
--------------------------------------------------------------------------------
<S> <C>
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your
private information and Banc of America Securities LLC (the "Placement Agent") is not soliciting any action based upon it. This
material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where
such an offer or solicitation would be illegal. This material is based on information that the Placement Agent considers reliable,
but the Placement Agent does not represent that it is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the material to any other person. The information
contained in this material may pertain to securities that ultimately are not sold. The information contained in this material may be
based on assumptions regarding market conditions and other matters as reflected herein. The Placement Agent makes no representation
regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such purposes. The Placement Agent and their affiliates,
officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from
time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an
effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases
where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on this material only. Information in this material
regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information
in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the
Placement Agent and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in
the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of
this material. The Placement Agent are acting as underwriter and not acting as agent for the issuer in connection with the proposed
transaction.
</TABLE>
<PAGE>
Real Estate Lending Manual Loan Programs
Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
1.0 Credit Criteria - Underwriting Guidelines
<TABLE>
<CAPTION>
------------------------ ----------------------- ----------------------- -----------------------
A A - B B-
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
<S> <C> <C> <C> <C>
LOAN Fixed rate, closed end Same as A Same as A Same as A
PRODUCT first liens and second
liens.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
ACCEPTABLE Residential, single Same as A Same as A Same as A
COLLATERAL family dwellings,
townhomes &
condominiums.
Primary residences and
true second homes, and
investment properties
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
LOAN SIZE Maximum $500,000. Same as A Maximum $500,000 Maximum $300,000
Maximum exposure
$1,000,000.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
LOAN TERMS 30 year term with a 15 Same as A Same as A Fully amortized 10,
year balloon or fully 15, and 20 years or
amortized 10, 15, 20 less or 30/15
and 30 year terms. balloon. (first liens
Second Liens maximum only)
term 20 yrs
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
PAYMENT/ Verifiable income, Verifiable income, Verifiable income, Verifiable income,
INCOME debt ratio 50% or less. debt ratio 50% or debt ratio 50% or debt ratio 50% or
RATIOS less. less. less.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
LOAN TO 80% maximum 80% maximum 80% maximum 80% maximum
VALUE
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
EMPLOYMENT Generally, 3 years Same as A Same as A Same as A
with the same firm or
in the same field.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
MORTGAGES Current with a maximum Current with a Current with a Firsts and seconds
of 0X30 in the last 12 maximum of 1 X 30 in maximum of 2 X 30 in should not exceed 3 X
mos. and 2 X 30 in the last 12 mos. last 12 mos. 30 in the last 12
last 24 months. Consecutive 30 day Consecutive 30 day months. Consecutive
delinquencies are delinquencies are 30 day delinquencies
considered 1 30 day considered 1 30 day are considered 1 30
delinquency. delinquency. day delinquency.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
CREDIT Minimum of 5 years. Minimum of 5 years. Minimum of 3 years. Minimum of 3 years.
HISTORY
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
CREDIT All credit must be All credit must be Same as A- Same as A-
RATING current at the time of current at the time
approval and closing. of approval and
closing.
--------------------- ------------------------ ----------------------- ----------------------- -----------------------
</TABLE>
--------------------------------------------------------------------------------
Equity One, Inc. Page 1 of 6
<PAGE>
Loan Programs Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-------------------- ----------------------- ----------------------- -----------------------
A A- B B-
------------------------- -------------------- ----------------------- ----------------------- -----------------------
<S> <C> <C> <C> <C>
MAJOR CREDIT No more than No more than 2X30-59 Max 2 X 30-89 days Max 2 X 30-89 days
INSTALLMENT & 1X30-59 days late days late in the last late in the last 12 late in the last 12
CREDIT CARDS in the last 24 12 mos. mos. mos.
mos.
------------------------- -------------------- ----------------------- ----------------------- -----------------------
MINOR CREDIT Maximum of 2 X Same as A No more than 60 days Same as B
DEPARTMENT 30-59 days late in delinquent
STORE, GAS last 12 mos. and
CREDIT CARDS no 60+ past due.
------------------------- -------------------- ----------------------- ----------------------- -----------------------
TAX STATEMENTS & None. No tax Unpaid charge off, Unpaid charge off, Unpaid charge off,
JUDGMENTS liens or liens or judgements liens, or judgements liens, or judgements
judgements. cannot exceed $500 in the last 2 years in the last 2 years
total in aggregate. must be paid n full must be paid in full
with proceeds. with proceeds.
------------------------- -------------------- ----------------------- ----------------------- -----------------------
BANKRUPTCY No history of C7 discharged min. of C7 discharged min. of C7 discharged min. of
bankruptcy. 5 years, 2 years of 2 years, 2 years of 1 years, 1 years of
reestablished credit reestablished credit reestablished credit
with no installment with no installment with no installment
PD since BKR. C13 PD since BKR. C13 PD since BKR.
discharged min. of 2 discharged min. of 2 Discharged C13 with
years with a sat. years with a sat. a sat. pmt.plan. 1
pmt.plan. 2 years pmt.plan. 1 year year reestablished
reestablished credit reestablished credit credit and permission
and no PD since BKR and no PD since BKR from Trustee.
------------------------- -------------------- ----------------------- ----------------------- -----------------------
------------------------- -------------------- ----------------------- ----------------------- -----------------------
DEROGATORY Employment & Employment & Employment & Employment &
CREDIT residence stablity residence stablity residence stablity residence stablity
will be considered will be considered as will be considered as will be considered as
as an offsetting an offsetting factor an offsetting factor an offsetting factor
factor in in determining the in determining the in determining the
determining the grading. grading. grading.
grading.
------------------------- -------------------- ----------------------- ----------------------- -----------------------
</TABLE>
--------------------------------------------------------------------------------
Equity One, Inc. Page 2 of 6
<PAGE>
Real Estate Lending Manual Loan Programs
Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
------------------------------------------- ---------------------------------------------------
C
--------------------- ------------------------------------------- ---------------------------------------------------
<S> <C> <C>
LOAN PRODUCT Fixed rate, closed end, first liens.
--------------------- ------------------------------------------- ---------------------------------------------------
ACCEPTABLE Residential, 1 -4 family dwellings,
COLLATERAL townhomes & condominiums. Primary
residences only.
--------------------- ------------------------------------------- ---------------------------------------------------
LOAN SIZE Maximum $300,000.
--------------------- ------------------------------------------- ---------------------------------------------------
LOAN TERMS 30 year amortized term with a 15 year
balloon or fully amortized 15 year or less
terms.
--------------------- ------------------------------------------- ---------------------------------------------------
PAYMENT/ Verifiable income, debt ratio 50% or
INCOME RATIOS less. Equity One escrows for taxes over
$100,000.
--------------------- ------------------------------------------- ---------------------------------------------------
LOAN TO VALUE 70% Maximum
--------------------- ------------------------------------------- ---------------------------------------------------
EMPLOYMENT Minimum of 3 years consistent employment
in the same field/line of work
--------------------- ------------------------------------------- ---------------------------------------------------
MORTGAGES First and 2nd mortgages not to exceed 4 X
30 and 1 X 60 in last the last 12 mos.
Consecutive 30 day delinquencies are
considered 1 30 day delinquency.
--------------------- ------------------------------------------- ---------------------------------------------------
CREDIT HISTORY Minimum of 5 years
--------------------- ------------------------------------------- ---------------------------------------------------
CREDIT RATING All 60 day and over delinquent accounts
must be paid in full from proceeds.
--------------------- ------------------------------------------- ---------------------------------------------------
MAJOR Overall Fair Ratings
INSTALLMENT &
CREDIT CARDS
--------------------- ------------------------------------------- ---------------------------------------------------
RETAIL CREDIT Overall Fair Ratings
--------------------- ------------------------------------------- ---------------------------------------------------
TAX Unpaid charge offs, liens or judgments in
STATEMENTS & the last 12 months must be paid with
JUDGMENTS proceeds.
--------------------- ------------------------------------------- ---------------------------------------------------
BANKRUPTCY Chapter 7 discharged with 1 year re-
established credit. Chapter 13 with 2
years satisfactory payment plan, 1 year
re-established and permission of Trustee.
--------------------- ------------------------------------------- ---------------------------------------------------
--------------------- ------------------------------------------- ---------------------------------------------------
--------------------- ------------------------------------------- ---------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
Equity One, Inc. Page 3 of 6
<PAGE>
Loan Programs Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-------------------------------------------- ----------------------------------------------
Equity Plus A Equity Plus B
------------------------ -------------------------------------------- ----------------------------------------------
<S> <C> <C>
LOAN PRODUCT Fixed rate, closed end second liens. Fixed rate, closed end second liens.
------------------------ -------------------------------------------- ----------------------------------------------
ACCEPTABLE Residential, 1 -4 family dwellings, Residential, 1 -4 family dwellings,
COLLATERAL townhomes & condominiums. Primary townhomes & condominiums. Primary
residences only. residences only.
------------------------ -------------------------------------------- ----------------------------------------------
LOAN SIZE Maximum $50,000. Maximum $50,000.
Maximum 1st Mtg Balance $250,000 Maximum 1st Mtg Balance $250,000
------------------------ -------------------------------------------- ----------------------------------------------
LOAN TERMS Maximum Term 15 years Maximum Term 15 years
------------------------ -------------------------------------------- ----------------------------------------------
PAYMENT/ Verifiable income, debt ratio 50% or less.. Verifiable income, debt ratio 50% or less.
DEBT RATIO
------------------------ -------------------------------------------- ----------------------------------------------
LOAN TO 100% CLTV 100% CLTV
VALUE Refinance only Refinance Only
------------------------ -------------------------------------------- ----------------------------------------------
FICO 620+ 575 - 619
------------------------ -------------------------------------------- ----------------------------------------------
------------------------ -------------------------------------------- ----------------------------------------------
MORTGAGE No more than 1 X 30 in the last 12 months. No more than 2 X 30 in the last 12 months.
HISTORY
------------------------ -------------------------------------------- ----------------------------------------------
CREDIT RATING Customer must qualify for the loan under Customer must qualify for the loan under
Equity One's consumer loan credit criteria. Equity One's consumer loan credit criteria.
------------------------ -------------------------------------------- ----------------------------------------------
APPRAISAL Up to $15,000 - drive by appraisal required. Same as Equity Plus A
Over $15,000 - full appraisal
------------------------ -------------------------------------------- ----------------------------------------------
TITLE Up to $15,000 - Title search only. Same as Equity Plus A
REQUIREMENTS Over $15,000 - full title policy required
------------------------ -------------------------------------------- ----------------------------------------------
</TABLE>
3.0 No Income Verification Program
In addition to the income verifiable mortgage loan programs, the
company also has two No Income Verification (NIV) programs. NIV is
designed for self-employed applicants and applicants with supplemental
income who cannot or do not wish to produce income documentation to
substantiate all of their income.
Please note, although such income is not verified, a two-year history
of the applicant's business must be verified and stated income from the
application is used to calculate the debt ratio.
--------------------------------------------------------------------------------
Equity One, Inc. Page 4 of 6
<PAGE>
Real Estate Lending Manual Loan Programs
Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-------------------------------- -------------------------------- ----------------------------------
NIV "A" Credit NIV "B" Credit 24 Mo. Bank Stmts.
------------------------- -------------------------------- -------------------------------- ----------------------------------
<S> <C> <C> <C>
LOAN PRODUCT Fixed rate, closed end, first Fixed rate, closed end, first Fixed rate, closed end, first
and second liens and second liens and second liens
------------------------- -------------------------------- -------------------------------- ----------------------------------
ACCEPTABLE Residential 1-4 family Residential 1-4 family Residential 1-4 family
COLLATERAL dwellings, townhomes and dwellings, townhomes, and dwellings, townhomes and
condominiums. condominiums. condominiums.
Primary residences, true Primary residences, true Primary residences, true second
second homes, and investment second homes, and investment homes, and investment properties
properties properties
------------------------- -------------------------------- -------------------------------- ----------------------------------
LOAN SIZE Maximum $400,000. Cash out Maximum $300,000. Cash out Maximum $400,000. Cash out
limited to $150,000. limited to $150,000. limited to $200,000.
------------------------- -------------------------------- -------------------------------- ----------------------------------
LOAN TERMS Maximum 30 year term with a Maximum 30 year term with a Maximum 30 year term with a
15, 5, and 3 year balloon. 15, 5, and 3 year balloon. 15, 5, and 3 year balloon.
Fully amortizing 10, 15, and Fully amortizing 10, 15, and Fully amortizing 10, 15, and 20
20 year terms are also 20 year terms are also year terms are also available.
available. available.
------------------------- -------------------------------- -------------------------------- ----------------------------------
PAYMENT / Maximum debt ratio 50% of Maximum debt ratio 50% of Maximum debt ratio is 45% of the
DEBT RATIOS stated gross income. stated gross income. most recent 24 month bank
statements average X 75%.
------------------------- -------------------------------- -------------------------------- ----------------------------------
MORTGAGES Current with a maximum of 1 X Current with a maximum of 2 X Current with a maximum of 1 X 30
30 in last 12 mos. Consecutive 30 in last 12 mos. Consecutive in last 12 mos. Consecutive 30
30 day delinquencies are 30 day delinquencies are day delinquencies are considered
considered 1 30 day considered 1 30 day 1 30 day delinquency.
delinquency. delinquency.
------------------------- -------------------------------- -------------------------------- ----------------------------------
CREDIT HISTORY Minimum of 2 years. Minimum of 3 years. Minimum of 2 years.
------------------------- -------------------------------- -------------------------------- ----------------------------------
CREDIT RATING All credit must be current at All credit must be current at All credit must be current at the
the time of approval and the time of approval and time of approval and closing.
closing. closing.
------------------------- -------------------------------- -------------------------------- ----------------------------------
MAJOR CREDIT Maximum 1X30-59 days late Maximum 2X30-89 days late Maximum 1X30-59 days late in
INSTALLMENT in the last 12 mos. No 60+ in the last 12 mos. No 60+ the last 12 mos. No 60+
AND CREDIT delinquency. delinquency. delinquency.
CARDS
------------------------- -------------------------------- -------------------------------- ----------------------------------
MINOR CREDIT Maximum of 2 X 30-59 days late Maximum of 3 X 30-59 days late Maximum of 2 X 30-59 days late
DEPARTMENT in last 12 mos. and no 60+ and 1 X 60 in last 12 mos. in last 12 mos. and no 60+ past
STORES & GAS past due. due.
CREDIT CARDS
------------------------- -------------------------------- -------------------------------- ----------------------------------
UNPAID None. Must be paid in full. None.
COLLECTIONS
------------------------- -------------------------------- -------------------------------- ----------------------------------
BANKRUPTCY C7 bankruptcy unacceptable. C7 discharged min. of 2 years, C7 bankruptcy unacceptable. C13
C13 considered on a case by 2 years of reestablished considered on a case by case
case basis. credit with no installment PD basis.
since BKR. C13 discharged
min. of 2 years with a sat.
pmt. plan. 1 year
reestablished credit and no PD
since BKR
------------------------- -------------------------------- -------------------------------- ----------------------------------
------------------------- -------------------------------- -------------------------------- ----------------------------------
DEROGATORY Employment & residence Employment & residence Employment & residence stablity
CREDIT stablity will be considered as stablity will be considered as will be considered as an
an offsetting factor in an offsetting factor in offsetting factor in determining
determining the grading. determining the grading. the grading.
------------------------- -------------------------------- -------------------------------- ----------------------------------
LOAN TO VALUE 85% Maximum. 70% Maximum. 85% Maximum.
------------------------- -------------------------------- -------------------------------- ----------------------------------
</TABLE>
--------------------------------------------------------------------------------
Equity One, Inc. Page 5 of 6
<PAGE>
Loan Programs Introduction 115
April 1, 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-------------------------------------- -------------------------- ----------------------------------
NIV "A" Credit NIV "B" Credit 24 Mo. Bank Stmts.
------------------------- -------------------------------------- -------------------------- ----------------------------------
<S> <C> <C> <C>
DOCUMENTATION 0 Application must show a stated Same as "A" program 0 Business license
REQUIRED income to support the debt 0 24 months recent bank
statements business and/or
0 All cash out NIV loans are personal
considered on a case by case 0 Underwriter reserves the
basis. right to request tax returns.
------------------------- -------------------------------------- -------------------------- ----------------------------------
</TABLE>
3.0 No Private Mortgage Insurance (PMI) Program
<TABLE>
<CAPTION>
------------------------------------------- -------------------------------------------------
85% Program 90% Program
-------------------------------- ------------------------------------------- -------------------------------------------------
<S> <C> <C>
PRODUCT Fixed Rate, closed end, first liens only. Fixed Rate, closed end, first liens only.
-------------------------------- ------------------------------------------- -------------------------------------------------
ACCEPTABLE COLLATERAL Residential 1-4 family dwellings, Residential 1-4 family dwellings, townhomes and
townhomes and condominiums. condominiums.
Primary residences and true second Primary residences and true second homes. No
homes. No rural properties. rural properties.
-------------------------------- ------------------------------------------- -------------------------------------------------
LOAN TO VALUE 85% 90%
-------------------------------- ------------------------------------------- -------------------------------------------------
DEBT RATIO Maximum 45% Maximum 45%
-------------------------------- ------------------------------------------- -------------------------------------------------
TERMS 10,15,20, and 30 10,15,20, and 30
-------------------------------- ------------------------------------------- -------------------------------------------------
MAXIMUM LOAN SIZE FOR $300,000 $200,000
SINGLE FAMILY DWELLING
-------------------------------- ------------------------------------------- -------------------------------------------------
MAXIMUM LOAN SIZE $300,000 $200,000
MULTI-FAMILY DWELLING
-------------------------------- ------------------------------------------- -------------------------------------------------
CREDIT Use rate matrix guidelines for A, A-, and Use rate matrix guidelines for A and A-.
B
-------------------------------- ------------------------------------------- -------------------------------------------------
INCOME Income verifiable, full documentation Income verifiable, full documentation
-------------------------------- ------------------------------------------- -------------------------------------------------
MORTGAGES No mortgage delinquency. Current with a maximum of 0X30 in the last 12
mos.
-------------------------------- ------------------------------------------- -------------------------------------------------
CREDIT HISTORY Minimum of 3 years. Minimum of 3 years.
-------------------------------- ------------------------------------------- -------------------------------------------------
MAJOR INSTALLMENT AND Use rate matrix guidelines for A, A-, and Use rate matrix guidelines for A and A-.
CREDIT CARDS B
-------------------------------- ------------------------------------------- -------------------------------------------------
RETAIL CREDIT Use rate matrix guidelines for A, A- and B Use rate matrix guidelines for A and A-
-------------------------------- ------------------------------------------- -------------------------------------------------
UNPAID COLLECTIONS None All credit must be current at the time of
approval
-------------------------------- ------------------------------------------- -------------------------------------------------
BANKRUPTCY C7 bankruptcy unacceptable. C13 None
considered on a case by case basis.
-------------------------------- ------------------------------------------- -------------------------------------------------
-------------------------------- ------------------------------------------- -------------------------------------------------
-------------------------------- ------------------------------------------- -------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
Equity One, Inc. Page 6 of 6
