IMC HOME EQUITY LOAN TRUST 1997-7
8-K, 1998-01-14
Previous: PHILIPS INTERNATIONAL REALTY CORP, 8-K, 1998-01-14
Next: STEELCASE INC, S-1/A, 1998-01-14



<PAGE>   1
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                               December 30, 1997





                       IMC Home Equity Loan Trust 1997-7          
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<S>                                           <C>                                    <C>
            Delaware                                333-24455-03                       Being Applied For 
- ----------------------------------            ----------------------                 --------------------
(State or Other Jurisdiction)                       (Commission                        (I.R.S. Employer
         of Incorporation)                          File Number)                       Identification No.)


c/o The Chase Manhattan Bank, as Trustee
 450 West 33rd Street, 15th Floor
        New York, New York                                                                   10001    
- ----------------------------------                                                      --------------
      (Address of Principal                                                              (Zip Code)
        Executive Offices)
</TABLE>


         Registrant's telephone number, including area code (212) 946-8600
                                                            --------------

                                  No Change
         ---------------------------------------------------------------------
         (Former name or former address, if changed since last report)
<PAGE>   2
ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

         On December 30, 1997, IMC Home Equity Loan Trust 1997-7 (the "Trust")
acquired $176,682,473.66 of Subsequent Home Equity Loans pursuant to the terms
of the Pooling and Servicing Agreement dated as of November 1, 1997, among IMC
Securities, Inc. (the "Depositor"), as Depositor, IMC Mortgage Company (the
"Seller"), as Seller and Servicer, and The Chase Manhattan Bank, as Trustee and
the Subsequent Transfer Agreement, dated December 30, 1997, among the
Depositor, the Seller, and the Trust, as purchaser.  The Subsequent Home Equity
Loans possess the characteristics required by the Prospectus dated June 6, 1997
and the Prospectus Supplement dated November 20, 1997, filed pursuant to Rule
424(b)(5) of the Act on November 25, 1997.  The Schedule of Subsequent Home
Equity Loans is attached to the Subsequent Transfer Agreement.





<PAGE>   3
ITEM 7.          FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
                 EXHIBITS.

(a)      Not applicable

(b)      Not applicable

(c)      Exhibits:

                 10.1     Subsequent Transfer Agreement dated as of December
                          30, 1997 among IMC Securities, Inc., as Depositor,
                          IMC Mortgage Company, as Seller and IMC Home Equity
                          Loan Trust 1997-7 as Purchaser.





<PAGE>   4
                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                         IMC HOME EQUITY LOAN TRUST 1997-7
                         
                         By:  IMC SECURITIES, INC., as Depositor
                              
                         By:  /s/ Thomas Middleton
                              ----------------------------------------------
                              Name:    Thomas Middleton
                              Title:   President and Chief Operating Officer

January 12, 1998






<PAGE>   1
                         SUBSEQUENT TRANSFER AGREEMENT

         IMC Securities, Inc. (the "Depositor"), as Depositor, IMC Mortgage
Company (the "Seller"), as Seller, and IMC Home Equity Loan Trust 1997-7 (the
"Purchaser") pursuant to the Pooling and Servicing Agreement dated as of
November 1, 1997 among the Depositor, the Seller, as Seller and Servicer and
The Chase Manhattan Bank, as Trustee (the "Pooling and Servicing Agreement"),
hereby confirm their understanding with respect to the sale by the Seller and
the purchase by the Depositor and the sale by the Depositor and the purchase by
the Purchaser of those Home Equity Loans (the "Subsequent Home Equity Loans")
listed on the attached Schedule of Home Equity Loans.

         Conveyance of Subsequent Home Equity Loans.  As of December 30, 1997
(the "Subsequent Transfer Date"), the Seller does hereby irrevocably transfer,
assign, setover and otherwise convey to the Depositor and the Depositor does
hereby irrevocably transfer, assign, set over and otherwise convey to the
Purchaser, without recourse (except as otherwise explicitly provided for
herein) all right, title and interest in and to any and all benefits accruing
from the Subsequent Home Equity Loans (other than any principal  and interest
payments received thereon on or prior to the Subsequent Cut-Off Date) which are
delivered to the Custodian on behalf of the Trustee herewith (and all
substitutions therefor as provided by Sections 3.03, 3.04 and 3.06 of the
Pooling and Servicing Agreement), together with the related Subsequent Home
Equity Loan documents and the interest in any Property which secured a
Subsequent Home Equity Loan but which has been acquired by foreclosure or deed
in lieu of foreclosure, and all payments thereon and proceeds of the
conversion, voluntary or involuntary, of the foregoing;  and proceeds of all
the foregoing (including, but not by way of limitation, all proceeds of any
mortgage  insurance, hazard insurance and title insurance policy relating to
the Subsequent Home Equity Loans, cash proceeds, accounts, accounts receivable,
notes, drafts, acceptances, chattel paper, checks, deposit accounts, rights to
payment of any and every kind, and other forms of obligations and receivables
which at any time constitute all or part of or are included in the proceeds of
any of the foregoing). The Depositor shall deliver the original Mortgage or
mortgage assignment with evidence of recording thereon (except as otherwise
provided by the Pooling and Servicing Agreement) and other required
documentation in accordance with the terms set forth in Sections 3.05 and 3.07
of the Pooling and Servicing Agreement.

         The costs relating to the delivery of the documents specified in this
Subsequent Transfer Agreement and the Pooling and Servicing Agreement shall be
borne by the Depositor.

         The Depositor hereby affirms the representations and warranties set
forth in the Pooling and Servicing Agreement that relate to the Depositor and
the Subsequent Home Equity Loans as of the date hereof.  The Depositor hereby
delivers notice and confirms that each of the conditions set forth in Section
3.07(b), 3.07(c) and 3.07(d) to the Pooling and Servicing Agreement are
satisfied as of the date hereof.

         Pursuant to Section 3.07(a) of the Pooling and Servicing Agreement,
the Seller hereby instructs the Trustee to release one-hundred percent of the
aggregate principal balances of the Subsequent Home Equity Loans so transferred
from the Pre-Funding Account, $176,682,473.66 pursuant to this Subsequent
Transfer Agreement.

         All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified, confirmed and incorporated herein, provided that in the event
of any conflict the provisions of this Subsequent Transfer Agreement shall
control over the conflicting provisions of the Pooling and Servicing Agreement.





<PAGE>   2
         Terms capitalized herein and not defined herein shall have their
respective meanings as set forth in the Pooling and Servicing Agreement.


                                      IMC SECURITIES, INC.
                                      as Depositor
                                      
                                      
                                      
                                      By:     /s/ George Nicholas              
                                              ---------------------------------
                                      Name:   George Nicholas                  
                                              ---------------------------------
                                      Title:  Chief Executive Officer          
                                              ---------------------------------
                                      
                                      
                                      IMC MORTGAGE COMPANY
                                      as Seller
                                      
                                      
                                      By:     /s/ George Nicholas              
                                              ---------------------------------
                                      Name:   George Nicholas                  
                                              ---------------------------------
                                      Title:  Chief Executive Officer          
                                              ---------------------------------
                                      
                                      THE CHASE MANHATTAN BANK,
                                      as Trustee for
                                      IMC HOME EQUITY LOAN TRUST 1997-7
                                      
                                      
                                      By:     /s/ Ann Marie Jose               
                                              ---------------------------------
                                      Name:   Ann Marie Jose                   
                                              ---------------------------------
                                      Title:  Trust Officer                    
                                              ---------------------------------


Dated:  December 30, 1997
<PAGE>   3
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC6095157         MARTINEZ                           One to Four Family     180              14,490.00          164.60
                  426  FRANKLIN ST                   Owner Occupied          22.29           14,051.79          10.990
                  ELIZABETH, NJ 07207                Second                 08/23/2011      100,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC6095114         FLOWERS                            One to Four Family     180              45,600.00          522.31
                  3100  35TH ST NORTHEAST            Owner Occupied          57.00           45,448.78          13.500
                  WASHINGTON, DC 20018               First                  08/21/2011       80,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7015056         REASON                             One to Four Family     180              55,250.00          557.70
                  106  EAST 29TH ST                  Owner Occupied          85.00           55,129.54          11.750
                  WILMINGTON, DE 19801               First                  12/16/2011       65,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7032016         HUMPHRIES                          One to Four Family     180              60,000.00          652.02
                  606  EAST OLLIFF ST                Owner Occupied          75.00           59,910.53          12.750
                  STATESBORO, GA 30458               First                  03/01/2012       80,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7042304         ROBINSON                           One to Four Family     180              34,400.00          407.32
                  1977  EDWARD LN                    Owner Occupied          73.98           34,354.52          13.990
                  JACKSON, MS 39213                  First                  05/01/2012       46,500.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7046122         MASON                              One to Four Family     180              34,000.00          335.40
                  43476  HILLSBORO                   Owner Occupied          15.81           33,909.14          11.450
                  CLINTON, MI 48038                  Second                 03/05/2012      215,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7052825         OSBORNE (FKA RUTH                  One to Four Family     360              52,500.00          601.34
                  128  HAMILTON ST                   Owner Occupied          70.00           52,433.87          13.500
                  ROCHESTER, NY 14620                First                  05/02/2027       75,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7054305         LEON                               One to Four Family     240              88,000.00          892.81
                  2142  NORTHWEST 26TH ST            Owner Occupied          80.00           87,243.46          10.740
                  MIAMI, FL 33142                    First                  04/08/2017      110,000.00                
- ----------------------------------------------------------------------------------------------------------------------
AB7050004         BASTFIELD                          One to Four Family     180              63,900.00          694.40
                  3033  SPALDING AVE                 Owner Occupied          90.00           63,804.73          12.750
                  BALTIMORE, MD 21215                First                  05/27/2012       71,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7040790         HOLMES                             One to Four Family     360              22,500.00          265.53
                  3730  MONTGALL                     Owner Occupied          60.00           22,474.35          13.940
                  KANSAS CITY, MO 64128              First                  06/01/2027       37,500.00                
- ----------------------------------------------------------------------------------------------------------------------
PB7050122         FLOURNOY                           One to Four Family     360              41,600.00          456.93
                  5950  JAMMES RD                    Owner Occupied          80.00           41,550.29          12.900
                  JACKSONVILLE, FL 32244             First                  06/02/2027       52,000.00                
- ----------------------------------------------------------------------------------------------------------------------
VD7060037         BLEVINS                            One to Four Family     360              80,000.00          629.37
                  6413  S ARTESIAN                   Owner Occupied          80.00           79,766.47           8.750
                  CHICAGO, IL 60629                  First                  07/01/2027      100,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  1      Page Balance:   $590,077.47     Generated By: Dmenegus
<PAGE>   4
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7065377         JONES                              One to Four Family     360              75,000.00          888.07
                  25  POPULAR ST                     Owner Occupied          75.00           74,870.87          13.990
                  AMITTYVILLE, NY 11701              First                  02/18/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7060924         FULLER                             One to Four Family     180              50,400.00          567.39
                  995  N W 12 AVE                    Owner Occupied          80.00           50,322.38          13.250
                  HOMESTEAD, FL 33030                First                  05/05/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7040200         Williams                           One to Four Family     180             144,500.00        1,923.40
                  82  DECATUR ST                     Owner Occupied          85.00          144,124.70          13.990
                  BROOKLYN, NY 11238                 First                  03/05/2012      170,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7062948         CIAGO                              One to Four Family     180              66,400.00          734.00
                  8221  NW 8 PL                      Owner Occupied          80.00           66,306.18          12.990
                  PLANTATION, FL 33324               First                  06/01/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7062585         BUSH                               One to Four Family     180              32,893.00          415.96
                  6708  HILLCROCT PL                 Owner Occupied          21.50           32,586.98          12.990
                  FORT WASHINGTON, MD 20744          Second                 06/10/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051863         CORNEHL                            One to Four Family     180               7,300.00           96.73
                  5308  257TH ST N E                 Owner Occupied           5.00            7,117.22          13.900
                  ARLINGTON, WA 98223                Second                 11/01/2011      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051892         DONOHUE                            One to Four Family     180              14,250.00          198.47
                  219  -01 36TH AVE                  Owner Occupied           5.00           13,778.51          14.900
                  BAYSIDE, NY 11361                  Second                 09/01/2011      285,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051948         HARRIS                             One to Four Family     180               7,500.00          104.46
                  520  BAINBRIDGE ST                 Owner Occupied           5.00            7,392.76          14.900
                  BROOKLYN, NY 11233                 Second                 03/01/2012      150,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7052002         MCDOWELL                           One to Four Family     180              11,500.00          138.02
                  1890  AZTEC CIR                    Owner Occupied           4.99           11,073.62          12.000
                  CORONA, CA 91719                   Second                 07/01/2011      230,231.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7052093         SMALLEY                            One to Four Family     180               9,400.00          130.92
                  1213  NW 120TH PL                  Owner Occupied           5.00            9,184.29          14.900
                  PORTLAND, OR 97229                 Second                 10/01/2011      188,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7052151         CABRAL                             One to Four Family     180               5,250.00           66.09
                  3690  SW 188TH AVE                 Owner Occupied           5.00            5,080.82          12.900
                  ALOHA, OR 97007                    Second                 08/01/2011      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7052159         GAMBINO                            One to Four Family     180               7,000.00           97.50
                  112  -114 ASTORIA AVE              Owner Occupied           5.00            6,813.95          14.900
                  BRIDGEPORT, CT 06604               Second                 08/01/2011      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  2      Page Balance:   $428,652.28     Generated By: Dmenegus
<PAGE>   5
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7052164         KJOLLER                            One to Four Family     180               9,500.00          125.88
                  8740  W 81ST DR                    Owner Occupied           5.00            9,223.30          13.900
                  ARVADA, CO 80005                   Second                 08/01/2011      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051780         AARON                              One to Four Family     180               6,800.00           85.59
                  13019  DAPHNE AVE                  Owner Occupied           4.00            6,583.20          12.900
                  GARDENA, CA 90249                  Second                 08/01/2011      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051783         AGNOR                              One to Four Family     180               9,900.00          137.89
                  28101  CHAPULIN                    Owner Occupied           5.00            9,681.70          14.900
                  MISSION VIEJO, CA 92692            Second                 11/01/2011      198,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7051902         EMMETT                             One to Four Family     180               6,625.00           92.27
                  1801  BOYD AVE                     Owner Occupied           5.00            6,460.29          14.900
                  COEUR D' ALENE, ID 83814           Second                 05/01/2012      132,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051792         ALVES                              One to Four Family     180              11,750.00          163.65
                  77  HOLLY ST                       Owner Occupied           4.94           11,480.35          14.900
                  YONKERS, NY 10704                  Second                 10/01/2011      238,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051927         GIN                                One to Four Family     180               8,540.00          113.16
                  1509  32ND AVE                     Owner Occupied           7.00            8,291.29          13.900
                  SACRAMENTO, CA 95822               Second                 08/01/2011      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051957         IVANJACK                           One to Four Family     180              10,500.00          132.17
                  9111  9TH AVE SE                   Owner Occupied           5.00           10,165.13          12.900
                  EVERETT, WA 98208                  First                  08/01/2011      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7060839         MOORE                              One to Four Family     180               7,950.00          110.73
                  17925  JAGUAR PATH                 Owner Occupied           5.00            7,809.28          14.900
                  LAKEVILLE, MN 55044                Second                 01/01/2012      159,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7040197         SANDS                              One to Four Family     180              43,000.00          488.74
                  7  RICHARD ST                      Owner Occupied          19.55           42,218.68          11.000
                  WEST HEMPSTEAD, NY 11552           Second                 03/18/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051930         GOGGANS                            One to Four Family     180              11,500.00          160.17
                  17623  41ST RD NORTH               Owner Occupied          10.00           11,194.51          14.900
                  LOXAHATCHEE, FL 33470              Second                 08/01/2011      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7061712         MASON                              One to Four Family     180               7,500.00          104.46
                  841  NORTHERN PKWY                 Owner Occupied           5.00            7,267.99          14.900
                  UNIONDALE, NY 11553                Second                 07/01/2011      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7061049         BRIGGS                             One to Four Family     180              39,000.00          407.25
                  3365  12TH ST                      Owner Occupied          65.99           38,499.64           9.500
                  SAINT AUGUSTINE, FL 32092          First                  06/30/2012       59,100.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  3      Page Balance:   $168,875.36     Generated By: Dmenegus
<PAGE>   6
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TD7061030         SCOTT                              One to Four Family     180               6,100.00           66.45
                  4820  WEST 399TH ST                Owner Occupied          11.51            6,026.78          10.240
                  LACYGNE, KS 66040                  Second                 06/23/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7075046         FEBLES                             One to Four Family     360             114,300.00        1,131.90
                  1642  N GARDINER DR                Owner Occupied          90.00          114,113.84          11.500
                  BAYSHORE, NY 11706                 First                  06/02/2027      127,500.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7060270         CHANDLER                           One to Four Family     240              58,400.00          600.81
                  3517  GRAND AVE                    Owner Occupied          80.00           58,054.15          10.950
                  LOUISVILLE, KY 40211               First                  06/03/2017       73,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7070199         BURLIN                             One to Four Family     180              21,700.00          199.31
                  813  EVESHAM AVE                   Owner Occupied          74.83           21,656.53          10.550
                  TOLEDO, OH 43607                   First                  06/13/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7055743         ATTINELLY                          One to Four Family     180              40,000.00          495.61
                  4  PHEASANT RUN                    Owner Occupied          11.43           39,534.26          12.600
                  CORTLANDT, NY 10511                Second                 05/08/2012      350,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7070131         BOWMAN                             One to Four Family     180              46,400.00          549.42
                  505  WARREN ST                     Owner Occupied          80.00           46,347.71          13.990
                  WALTERBORO, SC 29488               First                  05/05/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ID7080022         Barner                             One to Four Family     180              21,000.00          237.04
                  1757  CLERMONT ST                  Owner Occupied          13.08           20,657.64          10.880
                  DENVER, CO 80220                   Second                 09/01/2012      160,500.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7080185         KISLOWSKI                          One to Four Family     180             100,000.00        1,096.44
                  119  CENTRAL AVE                   Owner Occupied          78.74           99,905.22          12.880
                  POMPTON LAKES, NJ 07442            First                  08/01/2012      127,000.00                
- ----------------------------------------------------------------------------------------------------------------------
VD7070046         WESTERGAARD                        One to Four Family     180              98,000.00          838.38
                  25326  COLUMBIA BAY DR             Owner Occupied          23.33           97,812.90           9.700
                  LAKE VILLA, IL 60046               Second                 08/01/2012      420,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7081811         BUZZELLI                           One to Four Family     180             136,487.00        1,855.42
                  10315  HANGING MOSS TRL            Owner Occupied          69.99          134,916.65          14.410
                  CHARLOTTE, NC 28227                First                  05/01/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
BD7030342A        CLAWSON                            One to Four Family     240              30,000.00          348.27
                  36280  28TH AVE                    Owner Occupied          35.29           29,945.67          12.850
                  PAW PAW, MI 49079                  Second                 09/09/2017       85,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MD7090024         Jaffee                             One to Four Family     180             171,000.00        1,667.35
                  69  HICKS LN                       Owner Occupied          54.29          170,885.26          11.300
                  GREAT NECK, NY 11024               Second                 09/12/2012      315,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  4      Page Balance:   $839,856.61     Generated By: Dmenegus
<PAGE>   7
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
ID7080036         Palmer, Jr.                        One to Four Family     360              87,500.00          825.36
                  11420  LASSELLE ST                 Owner Occupied          53.03           87,403.04          10.880
                  MORENO VALLEY, CA 92557            First                  09/01/2027      165,000.00                
- ----------------------------------------------------------------------------------------------------------------------
ID7080039         Phillips                           One to Four Family     180              50,000.00          622.36
                  39046  TRILLIUM LN                 Owner Occupied          20.83           49,976.63          14.750
                  CORVALLIS, OR 97330                Second                 09/01/2012      240,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7086030         ABAD                               One to Four Family     180              98,250.00        1,029.55
                  3432  TORREMOLINOS AVE B-3         Owner Occupied          75.00           98,169.44          12.250
                  MIAMI, FL 33176                    First                  08/05/2012      131,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7085979         RICHMOND                           One to Four Family     120              10,000.00          148.72
                  615  BIRCHLEAF AVE                 Owner Occupied          10.20            9,832.45          12.900
                  SEAT PLEASANT, MD 20743            Second                 08/01/2007       98,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7080184         CASEY                              One to Four Family     180              56,250.00          667.87
                  32  COVE PT RD                     Owner Occupied          75.00           55,784.21          11.800
                  TOMS RIVER, NJ 08753               First                  08/01/2012       75,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7070213         SABOS                              One to Four Family     180              89,000.00          871.19
                  208  COE RD                        Owner Occupied          14.83           88,819.37          11.350
                  CLARENDON HILLS, IL 60514          Second                 06/21/2012      600,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7081634         O'NEILL                            One to Four Family     180             136,000.00        1,294.13
                  905  SALEM WOODS DR                Owner Occupied          80.00          135,802.93          10.990
                  RALEIGH, NC 27615                  First                  08/01/2012      170,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7082098         JACOBS                             One to Four Family     180             168,000.00        1,857.10
                  3937  DEEP RUN DR                  Owner Occupied          73.04          167,843.48          12.990
                  CHESAPEAKE, VA 23321               First                  08/01/2012      230,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7080517         BUSH                               One to Four Family     360             105,000.00          911.77
                  6708  HILLCROFT PL                 Owner Occupied          76.36          104,401.76           9.880
                  FT. WASHINGTON, DC 20744           First                  12/01/2026      137,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7081159         HARRISON                           One to Four Family     180              42,250.00          428.58
                  13813  RUSS                        Owner Occupied          57.48           42,112.19          11.750
                  HOUSTON, TX 77039                  First                  02/01/2012       73,500.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7090286         RUMLEY                             One to Four Family     360             190,000.00        1,513.77
                  48  -50 WOODROW AVE                Owner Occupied          79.17          189,526.69           8.890
                  MEDFORD, MA 02155                  First                  09/03/2027      240,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7090360         BROWN                              One to Four Family     180              52,550.00          514.39
                  426  CATALPA ST                    Owner Occupied          75.61           52,532.65          11.350
                  CLARKSDALE, MS 38614               First                  08/29/2012       69,500.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  5      Page Balance:   $1,082,204.84   Generated By: Dmenegus
<PAGE>   8
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7095012         ANDERSON JR.                       One to Four Family     360             113,750.00        1,169.17
                  1821  N CHARLES ST                 Owner Occupied          65.00          113,617.56          11.990
                  BALTIMORE,, MD 21201               First                  07/23/2027      175,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7095467         NORRIS                             One to Four Family     240              51,800.00          710.98
                  RR 2 BOX 129                       Owner Occupied          70.00           51,640.34          15.750
                  EVERETT, PA 15537                  First                  07/01/2017       74,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7096182         HENRY                              One to Four Family     360              31,500.00          311.94
                  1087  ST RITA HWY                  Owner Occupied          75.00           31,459.15          11.500
                  ST MARTINVILLE, LA 70582           First                  08/01/2027       42,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090077         STARKES                            One to Four Family     180              42,400.00          351.59
                  5023  WILLIE RD                    Owner Occupied          80.00           42,290.43           9.340
                  ORANGEBURG, SC 29115               First                  07/01/2012       53,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090732         ANGLIN                             One to Four Family     180              81,682.00          902.93
                  5030  CHRYSLER DR                  Owner Occupied          75.00           81,566.50          12.990
                  CUMMING, GA 30131                  First                  05/21/2012      109,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090755         FINLEY                             One to Four Family     180              28,275.00          334.80
                  35  AMES ST                        Owner Occupied          75.00           28,254.00          13.990
                  SENECA, SC 29678                   First                  07/03/2012       37,700.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092135         JOHN                               One to Four Family     240              93,600.00          965.49
                  13013  TWELVE HILLS RD             Owner Occupied          19.50           93,382.47          10.990
                  CLARKSVILLE, MD 21029              Second                 09/08/2017      480,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7090588         MILLER                             One to Four Family     360              99,200.00          943.96
                  609  WEST 107TH ST                 Owner Occupied          79.36           99,056.22          10.990
                  CHICAGO, IL 60628                  First                  07/29/2027      125,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7083277         DELKASH                            One to Four Family     180              30,000.00          364.89
                  310  SOUT LARKWOOD ST              Owner Occupied          13.95           29,761.83          12.250
                  ANAHEIM, CA 92808                  Second                 08/01/2012      215,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7091102         TARLE                              One to Four Family     180              99,000.00        1,187.53
                  601  SOUTH MOUNTAIN RD             Owner Occupied          21.06           98,398.97          11.990
                  NEW CITY, NY 10956                 Second                 08/27/2012      470,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7095076         HOBBS                              One to Four Family     240              40,250.00          457.29
                  11  GROVE ST                       Owner Occupied          70.00           40,055.89          12.500
                  ADAMS, NY 13605                    First                  06/13/2017       57,500.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7090384         HAYMES                             One to Four Family     180              80,750.00          747.72
                  605  LOG LICK RD                   Owner Occupied          85.00           80,623.80          10.650
                  WINCHESTER, KY 40391               First                  08/01/2012       95,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  6      Page Balance:   $790,107.16    Generated By: Dmenegus
<PAGE>   9
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7090392         NETHERTON                          One to Four Family     180              54,000.00          545.08
                  169  E YORK ST                     Owner Occupied          90.00           53,916.70          11.750
                  AKRON, OH 44310                    First                  06/09/2012       60,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7073931         GOODWIN                            One to Four Family     180              40,800.00          345.75
                  12807  PIERCE RD                   Owner Occupied          81.60           40,699.96           9.590
                  BIRCHWOOD, TN 37308                First                  07/01/2012       50,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090091         RICHARDS                           One to Four Family     180              42,000.00          497.31
                  2913  VIKING DR                    Owner Occupied          79.25           41,968.12          13.990
                  COLUMBUS, GA 31907                 First                  08/01/2012       53,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7105103         KRIEGER                            One to Four Family     180              35,000.00          359.75
                  611  NORTH ROSE ST                 Owner Occupied          80.00           34,959.23          11.990
                  RIVERDALE, MD 21205                First                  07/03/2012       44,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7090300         STALEY                             One to Four Family     120              10,800.00          156.83
                  3167  BANKS MILL RD                Owner Occupied          10.29           10,660.19          12.300
                  AIKEN, SC 29801                    Second                 08/05/2007      105,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC5100316A        EVANS                              One to Four Family     180               5,600.00           65.78
                  1009  FAIRVIEW ST                  Owner Occupied           9.03            5,552.73          11.600
                  DURHAM, NC 27707                   Second                 07/12/2012       62,000.00                
- ----------------------------------------------------------------------------------------------------------------------
VB7070009         MENA                               One to Four Family     180              21,000.00          215.50
                  241  AVE L NE                      Owner Occupied          67.74           20,779.48           9.200
                  WINTER HAVEN, FL 33881             First                  08/01/2012       31,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092056         THOMAS                             One to Four Family     180              61,750.00          587.59
                  4  NOAH CT                         Owner Occupied          20.65           61,405.87          10.990
                  WOODSTOCK, MD 21163                Second                 09/01/2012      299,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092201         HARTZOG                            One to Four Family     180              68,250.00          624.31
                  10548  LINWOOD SOUTHMONT RD        Owner Occupied          73.78           68,140.08          10.500
                  LEXINGTON, NC 27295                First                  07/25/2012       92,500.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7105288         LEVINE                             One to Four Family     180              58,500.00          701.73
                  194  COSEY BCH AVE                 Owner Occupied          15.00           58,264.39          11.990
                  EAST HAVEN, CT 06512               Second                 09/26/2012      390,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092235         POOLE                              One to Four Family     180             108,000.00        1,193.85
                  4702  MILL CREEK RD                Owner Occupied          80.00          107,924.94          12.990
                  CEDAR GROVE, NC 27231              First                  08/01/2012      135,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092409         MOORE                              One to Four Family     180             148,750.00        1,528.92
                  2423  OAKVIEW DR                   Owner Occupied          85.00          148,576.78          11.990
                  NEW BERN, NC 28560                 First                  08/01/2012      175,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  7      Page Balance:   $652,848.47    Generated By: Dmenegus
<PAGE>   10
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TB6070021A        SYKORA                             One to Four Family     360             100,000.00          862.83
                  309  DAKOTA AVE                    Owner Occupied          80.00           99,841.67           9.800
                  WHITEFISH, MT 59937                First                  10/20/2027      125,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092015         O'KEEFE                            One to Four Family     180              99,530.00        1,061.47
                  2749  BENT TREE DR                 Owner Occupied          35.55           99,452.62          12.490
                  DEXTER, MI 48130                   Second                 09/01/2012      280,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7092197         HARRIS                             One to Four Family     180              59,500.00          761.87
                  678  EASTSIDE AVE                  Owner Occupied          70.00           59,466.56          15.200
                  ATLANTA, GA 30316                  First                  08/01/2012       85,000.00                
- ----------------------------------------------------------------------------------------------------------------------
CB7070187         SPRINGER                           One to Four Family     180              14,400.00          132.27
                  437  E SOUTHERN AVE                Owner Occupied          53.33           14,377.02          10.550
                  SPRINGFIELD, OH 45505              First                  07/21/2012       27,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7072680         MCCLAIN                            One to Four Family     180             162,450.00        1,702.31
                  1225  BERGEN ST                    Owner Occupied          85.50          160,551.73          12.250
                  BROOKLYN, NY 11213                 First                  07/26/2012      191,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7072685         PORTER                             One to Four Family     180              11,600.00          154.40
                  147  VANADEN ST                    Owner Occupied          22.31           11,522.00          13.990
                  AUBURN, NY 13021                   Second                 07/11/2012       52,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7072686         QUINN                              One to Four Family     360             145,000.00        1,326.37
                  14  OVERLOOK PL                    Owner Occupied          26.61          144,766.48          10.500
                  RYE, NY 10580                      First                  07/07/2027      545,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7072688         RALLO                              One to Four Family     180              39,100.00          468.01
                  45  FLOWER VALLEY CIR              Owner Occupied          13.34           38,780.72          11.950
                  PENFIELD, NY 14526                 Second                 07/14/2012      293,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7072690         RODMAN                             One to Four Family     180              31,500.00          348.21
                  4040  W PITTSBURG                  Owner Occupied          63.00           31,470.64          12.990
                  OWOSSA, MI 48867                   First                  07/29/2012       50,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7093244         WHITLOCK                           One to Four Family     360              18,000.00          178.12
                  354  HOUSTON ST                    Owner Occupied          75.00           17,964.53          11.490
                  WASHINGTON, PA 15301               First                  06/01/2027       24,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100585         CLAYTON                            One to Four Family     180              37,800.00          429.70
                  2000  43RD STREET                  Owner Occupied          70.00           37,784.08          13.390
                  ST PETERSBURG, FL 33712            First                  09/17/2012       54,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100628         FRETTHOLD                          One to Four Family     180              14,500.00          164.72
                  12966  CLARKSON WAY                Owner Occupied           9.35           14,435.86          10.990
                  THORNTON, CO 80241                 Second                 09/17/2012      155,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  8      Page Balance:   $730,413.91    Generated By: Dmenegus
<PAGE>   11
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7100665         JACKSON                            One to Four Family     180              57,600.00          609.83
                  7041  S. EMERALD AVE.              Owner Occupied          80.00           57,554.20          12.390
                  CHICAGO, IL 60621                  First                  08/28/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100686         LUCIUS                             One to Four Family     180              18,750.00          207.27
                  461  NW 48 TERRA CE                Owner Occupied          18.75           18,741.35          12.990
                  PLANTATION, FL 33317               Second                 09/17/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100687         LUKASIEWICZ                        One to Four Family     180              34,600.00          335.80
                  13700  FOLKSTONE  CIRCLE           Owner Occupied          19.01           34,576.47          11.240
                  WELLINGTON, FL 33414               Second                 09/08/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100690         MANNING                            One to Four Family     180              22,400.00          313.36
                  4143 S.DUNKIRK WAY                 Owner Occupied          13.18           22,332.48          14.990
                  AURORA, CO 80013                   Second                 09/08/2012      169,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100706         MILLER                             One to Four Family     240              45,500.00          492.78
                  10917  MC LAURIN RD.               Owner Occupied          70.00           45,404.26          11.740
                  JACKSONVILLE, FL 32256             First                  09/12/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100723         PELLOWE                            One to Four Family     180              26,050.00          295.92
                  13444  WHISPERING LAKES LAN        Owner Occupied          21.35           25,934.78          10.990
                  PALM BEACH GARDEN, FL 33418        Second                 09/10/2012      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100727         PRICE                              One to Four Family     180              14,100.00          178.31
                  13631  SHEILA LYNN COURT           Owner Occupied          30.00           14,048.36          12.990
                  DADE CITY, FL 33523                Second                 09/12/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100736         RAY                                One to Four Family     240              35,250.00          420.29
                  2014  MOUNTPELIER AVENUE           Owner Occupied          75.00           35,189.87          13.290
                  MACON, GA 31210                    First                  09/12/2017       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100737         REEDER                             One to Four Family     180              31,600.00          359.96
                  1140  E. 12 STREET                 Owner Occupied          35.91           31,460.88          11.040
                  STUART, FL 34996                   Second                 09/17/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100746         ROSE                               One to Four Family     180              35,000.00          408.65
                  16602  E. GUNNIS PLACE             Owner Occupied          26.92           34,926.48          11.490
                  AURORA, CO 80017                   Second                 09/19/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100753         SANTOS                             One to Four Family     180              26,000.00          301.92
                  1880  NW 16 TERRACE                Owner Occupied          30.59           25,929.76          11.390
                  MIAMI, FL 33125                    Second                 09/22/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100755         SHEA JR.                           One to Four Family     180              52,000.00          563.26
                  2490  S. ZEPHYR STREET             Owner Occupied          28.11           51,875.40          10.140
                  LAKEWOOD, CO 80227                 Second                 09/10/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  9      Page Balance:   $397,974.29    Generated By: Dmenegus
<PAGE>   12
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7100783         VOLMAR                             One to Four Family     240              64,500.00          665.33
                  2380  E SUPERIOR  STREET           Owner Occupied          84.87           64,316.81          10.990
                  OPA LOCKA, FL 33054                First                  09/15/2017       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100798         WRIGHT                             One to Four Family     240              23,000.00          253.09
                  8183  EAST TEMPEST RIDGE W         Owner Occupied          10.00           22,953.21          11.990
                  PARKER, CO 80134                   Second                 09/24/2017      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100946         VERNIERS                           One to Four Family     360              50,772.31          502.79
                  115  NORTH PARK DRIVE              Owner Occupied          69.84           50,739.29          11.500
                  ALGONAC, MI 48001                  First                  09/15/2027       72,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101006         GERMEINER                          One to Four Family      60              40,000.00          869.50
                  9  FOXSPARROW TURN                 Owner Occupied          18.18           38,989.06          10.990
                  TABERNACLE, NJ 08088               Second                 09/30/2002      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093015         GIRALDO                            One to Four Family     180              36,763.00          481.96
                  453  CRICKET RIDGE CT.             Owner Occupied          20.89           36,104.32          13.690
                  LAWRENCEVILLE, GA 30244            Second                 01/15/2012      176,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095001         COOLEY JR                          One to Four Family     180              73,360.31          814.38
                  415  OAK AVENUE                    Owner Occupied          78.88           73,343.72          13.050
                  SOUTH PITTSBURGH, TN 37380         First                  10/02/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100284         MUNOZ                              One to Four Family     180              20,600.00          235.96
                  1818  LENNON AVENUE                Owner Occupied          74.91           20,587.22          13.500
                  SAN ANTONIO, TX 78223              First                  08/14/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100562         BARTON                             One to Four Family     180              27,750.00          315.24
                  2008  NE 21 COURT                  Owner Occupied          14.61           27,627.24          10.990
                  FT LAUDERDALE, FL 33305            Second                 09/23/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7090164         KELLEY                             One to Four Family     180              35,000.00          356.04
                  39  NORTH FRANKLIN STREE           Owner Occupied          63.64           34,907.92           9.050
                  CATTARAUGUS, NY 14719              First                  10/29/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100014         SMITH JR                           One to Four Family     180              40,000.00          414.08
                  92  BESSIDA STREET                 Owner Occupied          36.36           39,897.59           9.350
                  BLOOMFIELD, NJ 07003               First                  11/01/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100206         BARBERA                            One to Four Family     360              40,000.00          373.40
                  1301  E DOLPHIN AVENUE             Owner Occupied          44.94           39,984.93          10.750
                  NORTHFIELD, NJ 08225               First                  11/01/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100209         TITUS                              One to Four Family     360              53,600.00          456.58
                  390  HAZELWOOD TERRACE             Owner Occupied          80.00           53,600.00           9.650
                  ROCHESTER, NY 14609                First                  11/05/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  10      Page Balance:   $503,051.31    Generated By: Dmenegus
<PAGE>   13
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7090140         SUTTON                             One to Four Family     180             134,400.00        1,565.91
                  357  SOUTH 19TH STREET             Owner Occupied          80.00          134,400.00          13.750
                  NEWARK, NJ 07103                   First                  10/14/2012      168,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095056         MEDINA                             One to Four Family     180              59,800.00          651.79
                  1161  63 NW 30TH STREET            Owner Occupied          65.00           59,516.80          10.250
                  MIAMI, FL 33127                    First                  09/16/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7100146         SHINE                              One to Four Family     180              68,000.00          665.63
                  R1 BOX 272-3                       Owner Occupied          80.00           67,977.54          11.350
                  HIGHGATE CENTER, VT 05459          First                  11/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105314         RIVERA                             One to Four Family     360             105,000.00          913.70
                  225  WILSON AVENUE                 Owner Occupied          57.69          103,868.90           9.900
                  BROOKLYN, NY 11237                 First                  11/03/2027      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105325         DONALDSON                          One to Four Family     360              75,800.00          609.36
                  9035  SOUTH PHILLIPS               Owner Occupied          73.59           75,715.42           8.990
                  CHICAGO, IL 60617                  First                  11/04/2027      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105386         ARMOR                              One to Four Family     120              25,000.00          324.86
                  2245  WEST 62ND STREET             Owner Occupied          45.45           24,731.37           9.600
                  INDIANAPOLIS, IN 46260             First                  10/30/2007       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7080428         REYNOLDS                           One to Four Family     360              40,000.00          340.73
                  5  CARVER COURT                    Owner Occupied          65.04           39,980.94           9.650
                  ASHEVILLE, NC 28803                First                  10/27/2027       61,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7090691         ADELMEYER                          One to Four Family     240              32,000.00          295.16
                  2308  EVERETT STREET               Owner Occupied          80.00           31,724.17           9.350
                  LAKELAND, FL 33801                 First                  10/28/2017       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7090747         SHULL                              One to Four Family     180              12,000.00          134.89
                  932  1/2 SOUTH 21ST STREE          Owner Occupied          40.00           11,973.11          10.800
                  HARRISBURG, PA 17104               First                  10/24/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7090887         EALY AKA BOWSER                    One to Four Family     180              50,400.00          521.74
                  1000  LEESBURG STATION ROA         Owner Occupied          80.00           50,270.96           9.350
                  MERCER, PA 16137                   First                  10/28/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100420         STAVLENICH                         One to Four Family     180              65,000.00          506.72
                  2  BUTTERFIELD AVENUE              Owner Occupied          78.31           64,961.82           8.650
                  PITTSBURGH, PA 15223               First                  10/29/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100612         EVANS                              One to Four Family     180              78,750.00          861.91
                  74  BOULEVARD AVENUE, SO           Owner Occupied          75.00           78,598.48          12.850
                  ATLANTA, GA 30312                  First                  10/24/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  11      Page Balance:   $743,719.51    Generated By: Dmenegus
<PAGE>   14
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>                 <C>
FB7100683         MEACHEM                            One to Four Family     180              25,000.00          204.77
                  332  BALTIMORE ANNAPOLIS           Owner Occupied          29.41           24,986.90           9.200
                  SEVERNA PARK, MD 21146             Second                 10/28/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100712         HARRIS                             One to Four Family     180              39,900.00          325.37
                  1621  MONTPELIER STREET            Owner Occupied          79.96           39,878.87           9.150
                  BALTIMORE, MD 21218                First                  10/28/2012       50,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7080696         CARY JR                            One to Four Family     180              26,000.00          293.89
                  409  44TH STREET, NE               Owner Occupied          19.70           25,866.20          10.900
                  WASHINGTON, DC 20019               First                  10/29/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090882         EADDY                              One to Four Family     120              60,000.00          776.39
                  1212  EAST BELVEDERE AVENU         Owner Occupied          74.81           59,375.00           9.500
                  BALTIMORE, MD 21239                First                  10/22/2007       80,200.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100031         GARRETT                            One to Four Family     180              32,250.00          330.49
                  321  EAST 24TH STREET              Owner Occupied          75.00           32,240.67          11.950
                  BALTIMORE, MD 21210                First                  10/15/2012       43,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7100323         STILL JR                           One to Four Family     180              47,200.00          530.56
                  18540  VAUGHN STREET               Owner Occupied          80.00           47,094.24          10.800
                  DETROIT, MI 48219                  First                  11/01/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100399         RHODES JR                          One to Four Family     120              42,000.00          548.08
                  121  TUCKAHOE DRIVE                Owner Occupied          36.36           41,791.42           9.700
                  NEWPORT NEWS, VA 23606             First                  10/06/2007      115,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100707         TRUMBLY JR.                        One to Four Family     180              35,200.00          389.98
                  106  EAST MIAMI STREET             Owner Occupied          80.00           35,119.19          10.540
                  PAOLA, KS 66071                    First                  11/01/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100932         JACKSON                            One to Four Family     120              25,000.00          342.83
                  3950  SULLIVAN                     Owner Occupied          55.56           24,884.05          10.890
                  SAINT LOUIS, MO 63115              First                  11/01/2007       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105211         ALBANESE                           One to Four Family     240              28,000.00          368.49
                  5  FARM COTTAGE ROAD               Owner Occupied           7.37           27,956.63          14.990
                  GLADSTONE, NJ 07934                Second                 08/12/2017      380,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7105215         BECKER                             One to Four Family     240              54,500.00          557.91
                  325  REXLAND DRIVE                 Owner Occupied          23.70           54,436.00          10.880
                  TOWN OF BOONTON, NJ 07005          Second                 10/15/2017      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105222         CAMPBELL                           One to Four Family     240              28,400.00          320.16
                  28  CLEARVIEW DRIVE                Owner Occupied          16.71           28,341.09          12.380
                  WHEATLEY HEIGHTS, NY 11798         Second                 09/23/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  12      Page Balance:   $441,970.26    Generated By: Dmenegus
<PAGE>   15
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7105223         CARULLO                            One to Four Family     240              32,300.00          401.42
                  150  39 23RD AVENUE                Owner Occupied          10.25           32,188.87          13.990
                  WHITESTONE, NY 11357               Second                 08/19/2017      315,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105225         COSTA                              One to Four Family     360              35,200.00          331.90
                  431  VAN LUYN                      Owner Occupied          15.64           35,159.09          10.880
                  SADDLE BROOK, NJ 07663             Second                 09/22/2027      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105253         PHILLIPS                           One to Four Family     240              30,000.00          359.52
                  189  BROOKDALE DRIVE               Owner Occupied          13.95           29,855.39          13.380
                  YONKERS, NY 10710                  Second                 09/17/2017      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105257         STRONG                             One to Four Family     240              30,400.00          311.20
                  3535  BUNKER AVENUE                Owner Occupied          14.83           30,315.33          10.880
                  WANTAGH, NY 11793                  Second                 09/24/2017      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105258         TORRECUSO                          One to Four Family     180              17,300.00          206.24
                  225  FOURTH AVENUE                 Owner Occupied           9.35           17,210.15          11.880
                  HAWTHORNE, NJ 07506                Second                 09/12/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105263         WEINBERGER                         One to Four Family     120              25,000.00          342.61
                  179  GLANZ AVENUE                  Owner Occupied          10.87           24,539.46          10.880
                  BOROUGH OF NORTHVALE, NJ 07647     Second                 09/02/2007      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105264         JACKSON                            One to Four Family     240              28,500.00          306.39
                  126  PERSONETTE AVENUE             Owner Occupied          11.88           28,391.26          11.630
                  VERONA, NJ 07044                   Second                 09/08/2017      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105267         ANDRE                              One to Four Family     180              40,000.00          451.50
                  13  OAK LANE                       Owner Occupied          19.51           39,804.16          10.880
                  RUMSON, NJ 07760                   Second                 09/25/2012      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105281         GUERRIER                           One to Four Family     180              36,800.00          347.68
                  149  HIGH STREET                   Owner Occupied          17.52           36,773.05          10.900
                  WALTHAM, MA 02154                  Second                 09/17/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105321         WALKER                             One to Four Family     240              22,200.00          250.27
                  6003  BEDFORD LANE                 Owner Occupied          13.06           22,043.11          12.380
                  CLINTON, MD 20735                  Second                 09/10/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105538         KNUTSON                            One to Four Family     120              27,300.00          407.46
                  238  NACOOCHEE DRIVE               Owner Occupied          17.06           27,074.91          12.990
                  WOODSTOCK, GA 30188                Second                 09/30/2007      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105675         BOWERS                             One to Four Family     120              39,100.00          367.93
                  203  E CHURCH AVENUE               Owner Occupied          85.00           39,085.60          10.850
                  MASONTOWN, PA 15461                First                  11/01/2007       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  13      Page Balance:   $362,440.38    Generated By: Dmenegus
<PAGE>   16
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7105685         GREEN                              One to Four Family     120              81,300.00          728.53
                  152  SWAMP RUN ROAD                Owner Occupied          81.30           81,231.53          10.250
                  BUTLER, PA 16001                   First                  10/01/2007      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105771         BROOKS                             One to Four Family     360             116,000.00        1,009.42
                  17487  SLEDGE ROAD                 Owner Occupied          80.00          115,894.73           9.900
                  ATHENS, AL 35611                   First                  09/23/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105874         GAICH                              One to Four Family     360              20,000.00          155.21
                  19135  STRASBURG                   Owner Occupied          37.04           19,930.26           8.600
                  DETROIT, MI 48205                  First                  09/17/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106100         BAIRLEY                            One to Four Family     180              22,900.00          271.16
                  1215  CYPRESS POINT EAST           Owner Occupied          11.17           22,891.59          13.990
                  WINTER HAVEN, FL 33884             Second                 09/16/2012      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106127         MURPHY                             One to Four Family     180              25,000.00          279.46
                  96  CORAL DRIVE                    Owner Occupied          20.00           24,943.46          10.700
                  BRICK, NJ 08724                    Second                 09/20/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106182         CHRISTOFFERS                       One to Four Family     180              26,200.00          281.38
                  659  HAWKINS ROAD                  Owner Occupied          16.90           26,136.74           9.990
                  CORAM, NY 11727                    Second                 10/03/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106198         SYLLA                              One to Four Family     180              41,000.00          453.21
                  176  03 110TH AVE                  Owner Occupied          23.43           40,810.25          10.500
                  ST. ALBANS, NY 11433               Second                 09/18/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106453         SNAGG                              One to Four Family     360             185,725.00        1,628.49
                  653  EVERGREEN AVE                 Owner Occupied          85.00          185,391.55           9.990
                  BROOKLYN, NY 11207                 First                  07/21/2027      218,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7080896         POWELL                             One to Four Family     180              50,575.00          453.20
                  54  PINE OAK DRIVE                 Owner Occupied          85.00           50,510.83          10.250
                  DYERSBURG, TN 38024                First                  06/13/2012       59,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7083339         CAMPOLONG                          One to Four Family     120              34,800.00          384.69
                  10605  N. RAMPART LANE             Owner Occupied          18.41           34,775.80          12.990
                  LITTLETON, CO 80125                Second                 08/18/2007      189,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7083352         CORY                               One to Four Family     180             157,500.00        1,474.98
                  29730  COUNTY ROAD 371             Owner Occupied          75.00          157,322.04          10.790
                  BUENA VISTA, CO 81211              First                  08/19/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7083356         CRUZ                               One to Four Family     180             130,500.00        1,222.12
                  4232  SW 153 TERRACE               Owner Occupied          90.00          130,302.52          10.790
                  MIRAMAR, FL 33027                  First                  07/24/2012      150,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  14      Page Balance:   $890,141.30    Generated By: Dmenegus
<PAGE>   17
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>

                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7083438         JONES                              One to Four Family     180              40,000.00          417.45
                  570  ELL STREET                    Owner Occupied          84.21           39,590.71           9.490
                  MACON, GA 31206                    First                  07/28/2012       47,500.00
- ----------------------------------------------------------------------------------------------------------------------
TC7090050         HOLDEN                             One to Four Family     180             108,000.00          907.34
                  1811  CEDAR KNOLL DRIVE            Owner Occupied          80.00          107,839.01           9.490
                  MOUNT AIRY, NC 27030               First                  06/04/2012      135,000.00
- ----------------------------------------------------------------------------------------------------------------------
FB7070230         HILL                               One to Four Family     360             113,000.00          905.17
                  1810  SALOME CHURCH ROAD           Owner Occupied          77.93          113,000.00           8.950
                  CHARLOTTE, NC 28213                First                  11/03/2027      145,000.00
- ----------------------------------------------------------------------------------------------------------------------
FB7091239         DEAN                               One to Four Family     180              44,000.00          465.86
                  438  JEFFERSON ROAD                Owner Occupied          75.86           44,000.00           9.740
                  PITTSBURGH, PA 15235               First                  11/04/2012       58,000.00
- ----------------------------------------------------------------------------------------------------------------------
FB7100039         JOHNSON                            One to Four Family     240              64,000.00          606.63
                  4518  RIVER ROAD WEST              Owner Occupied          75.29           63,812.84           9.740
                  GOOCHLAND, VA 23063                First                  11/01/2017       85,000.00
- ----------------------------------------------------------------------------------------------------------------------
FB7100865         JOHNSON                            One to Four Family     360              56,000.00          484.84
                  6115  MARILLA STREET               Owner Occupied          80.00           56,000.00           9.840
                  DOUGLASVILLE, GA 30135             First                  11/03/2027       70,000.00
- ----------------------------------------------------------------------------------------------------------------------
FB7101093         JACKSON                            One to Four Family     240              33,250.00          298.95
                  7113  MOUNT VERNON STREET          Owner Occupied          77.33           33,250.00           8.990
                  PITTSBURGH, PA 15208               First                  11/03/2017       43,000.00
- ----------------------------------------------------------------------------------------------------------------------
FC7030590         DAVIS                              One to Four Family     240              38,250.00          422.50
                  2713  NORTH ARMISTEAD AVEN         Owner Occupied          50.00           38,094.05          12.050
                  HAMPTON, VA 23666                  First                  08/01/2017       76,500.00
- ----------------------------------------------------------------------------------------------------------------------
FC7085862         REGAN                              One to Four Family     180             105,000.00        1,112.48
                  383  43RD PLACE                    Owner Occupied           7.00          104,611.71          12.400
                  SEA ISLE CITY, NJ 08243            First                  08/05/2012    1,500,000.00
- ----------------------------------------------------------------------------------------------------------------------
FC7085863         VOLLRATH                           One to Four Family     180              29,000.00          343.40
                  204  E 20TH STREET                 Owner Occupied          22.83           28,819.93          11.750
                  NORTH WILDWOOD, NJ 08260           Second                 08/04/2012      127,000.00
- ----------------------------------------------------------------------------------------------------------------------
FC7095079         KELLY JR                           One to Four Family     360             114,000.00        1,150.72
                  8  COLONIAL PLACE                  Owner Occupied          79.72          113,895.57          11.750
                  CENTEREACH, NY 11720               First                  08/28/2027      143,000.00
- ----------------------------------------------------------------------------------------------------------------------
FC7095083         NARDE                              One to Four Family     180              18,000.00          227.62
                  4469  MAIN ST                      Owner Occupied          60.00           17,900.63          12.990
                  MILLPORT, NY 14864                 First                  08/25/2012       30,000.00
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                   15      Page Balance:   $760,814.45    Generated By: Dmenegus

<PAGE>   18
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7095088         HARRIS                             One to Four Family     240              40,600.00          490.19
                  R 1, BOX 150 (ROUTE                Owner Occupied          31.23           40,321.71          13.500
                  WOLCOTT, VT 05680                  Second                 03/11/2017      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7095116         NUTTER                             One to Four Family     180              53,250.00          558.01
                  6901  POLING DR                    Owner Occupied          75.00           53,206.31          12.250
                  NEW LEXINGTON, OH 43764            First                  08/27/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7095326         WINN                               One to Four Family     180              55,000.00          642.50
                  39  BLUEBIRD DRIVE                 Owner Occupied          26.70           54,768.06          11.500
                  CONGERS, NY 10920                  Second                 09/02/2012      206,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7095336         JOHNSON                            One to Four Family     180             160,000.00        1,522.51
                  13  NEW WOOD ROAD                  Owner Occupied          80.00          159,826.89          10.990
                  GLEN COVE, NY 11542                First                  08/19/2012      215,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7096261         QUINTANA                           One to Four Family     180              39,350.00          459.69
                  7360  SW 97TH STREET               Owner Occupied          21.27           39,183.73          11.500
                  MIAMI, FL 33156                    Second                 09/22/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7096300         MARTIN                             One to Four Family     180              28,200.00          385.08
                  8  BELMONT PLACE                   Owner Occupied          16.79           28,110.80          14.500
                  SOMERVILLE, MA 02143               Second                 09/05/2012      168,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100143         JAMISON                            One to Four Family     360              35,000.00          403.64
                  4109  CARVER SCHOOL ROAD           Owner Occupied          57.38           34,978.85          13.600
                  WINSTON SALEM, NC 27105            First                  08/22/2027       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101348         JOHNSTON                           One to Four Family     240              50,000.00          515.76
                  6826  MAIN STREET                  Owner Occupied          31.45           50,000.00          10.990
                  KANSAS CITY, MO 64113              Second                 11/15/2017      159,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105897         FORD                               One to Four Family     240              27,000.00          271.38
                  1528  ORCHARD DRIVE                Owner Occupied          45.00           26,933.95          10.600
                  LENOIR, NC 28645                   First                  10/01/2017       60,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7106046         JOHNSON                            One to Four Family     120              20,800.00          289.47
                  10116  PENDULA DRIVE               Owner Occupied          13.42           20,705.53          11.250
                  INDIANAPOLIS, IN 46236             Second                 09/30/2007      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106050         MILLER                             One to Four Family     180              20,000.00          265.68
                  32627  LILA DRIVE                  Owner Occupied          12.35           19,966.82          13.950
                  CONIFER, CO 80433                  Second                 10/16/2012      162,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106057         POE                                One to Four Family     180              64,800.00          629.38
                  8817  EUCLID                       Owner Occupied          80.00           64,756.03          11.250
                  CHICAGO, IL 60617                  First                  09/10/2012       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  16      Page Balance:   $592,758.68    Generated By: Dmenegus
<PAGE>   19
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7106063         THOMAS                             One to Four Family     180              60,000.00          548.84
                  110  W 110TH STREET                Owner Occupied          80.00           59,952.11          10.500
                  CHICAGO, IL 60628                  First                  09/30/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106324         MOORE                              One to Four Family     360              19,500.00          185.56
                  4133  WEST 135TH PLACE             Owner Occupied          75.00           19,485.99          10.990
                  ROBBINS, IL 60472                  First                  09/30/2027       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106366         HENDERSON                          One to Four Family     360              29,750.00          264.38
                  9419  OLIVIA LANE                  Owner Occupied          15.00           29,724.41          10.150
                  CHARLOTTE, NC 28277                Second                 10/01/2027      199,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7080071         CAIN                               One to Four Family     180              21,700.00          180.10
                  217  BEAR ROAD                     Owner Occupied          70.00           21,688.98           9.350
                  BENNINGTON, NY 14037               First                  10/20/2012       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7080152         GRAVES                             One to Four Family     360             107,200.00          943.93
                  6060  CONESUS-SPARTA TOWN          Owner Occupied          79.41          106,910.29          10.040
                  TOWN OF SPARTA, NY 14435           First                  09/29/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7040210         PEWANICK                           One to Four Family     180              21,600.00          191.16
                  D 1 BOX 708                        Owner Occupied          78.55           21,600.00          10.100
                  MORRISDALE, PA 16858               First                  11/03/2012       27,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7080526         CALHOUN                            One to Four Family     180             127,500.00        1,194.99
                  307  BRANDY DR.                    Owner Occupied          83.33          127,500.00          10.800
                  MACKINAW, IL 61755                 First                  11/05/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090048         SPODEN                             One to Four Family     180              17,200.00          193.35
                  19819  202ND AVENUE                Owner Occupied           9.61           17,200.00          10.800
                  BIG LAKE, MN 55309                 Second                 11/10/2012      179,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090066         ORTIZ                              One to Four Family     240              38,250.00          383.17
                  R 1, BOX 200                       Owner Occupied          75.00           38,250.00          10.550
                  MORRIS, MN 56267                   First                  11/04/2017       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090277         DIX                                One to Four Family     180              43,350.00          457.62
                  308  TEMPLE STREET                 Owner Occupied          85.00           43,350.00          12.350
                  BECKLEY, WV 25801                  First                  11/07/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090308         MOGAN, JR.                         One to Four Family     180              65,600.00          717.03
                  4768  MUSKET WAY                   Owner Occupied          80.00           65,600.00          10.300
                  COLUMBUS, OH 43228                 First                  11/10/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090355         DEHN                               One to Four Family     240              30,800.00          284.09
                  410  W. SANDBORN STREET            Owner Occupied          68.44           30,800.00           9.350
                  SPRINGFIELD, MN 56087              First                  11/10/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  17      Page Balance:   $582,061.78    Generated By: Dmenegus
<PAGE>   20
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
CB7090368         GARSTKA                            One to Four Family     240              45,000.00          415.07
                  397  NORTH SEMINARY                Owner Occupied          72.58           45,000.00           9.350
                  ROANOKE, IN 46783                  First                  11/07/2017       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7090388         CRUTE                              One to Four Family     180              92,000.00          900.56
                  3045  SEARS ROAD                   Owner Occupied          78.63           92,000.00          11.350
                  SPRING VALLEY, OH 45370            First                  11/03/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100119         DERRICK                            One to Four Family     120              96,000.00        1,314.27
                  1014  W RIDGELAND AVE              Owner Occupied          80.00           96,000.00          10.850
                  WAUKEGAN, IL 60085                 First                  11/10/2007      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100127         CAFEGO                             One to Four Family     240              45,000.00          479.90
                  120  VIRGINIA ST                   Owner Occupied          75.00           45,000.00          11.500
                  OAK HILL, WV 25901                 First                  11/10/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100181         COUNTRYMAN                         One to Four Family     180               6,000.00           73.96
                  964  ADAMS STREET                  Owner Occupied          12.00            6,000.00          12.500
                  MARION, OH 43302                   Second                 11/07/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100253         TOOLEY                             One to Four Family     180              42,500.00          409.57
                  4218  BROADWAY                     Owner Occupied          82.52           42,500.00          11.150
                  EVANSVILLE, IN 47712               First                  11/10/2012       51,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CC7100020         JAKAJ                              One to Four Family     180             110,000.00        1,186.81
                  13711  WHITE CAP                   Owner Occupied          69.40          109,972.77          12.650
                  STERLING HEIGHTS, MI 48313         First                  11/01/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7082613         AVERY                              One to Four Family     360             104,000.00          941.63
                  2654  AUGUSTA                      Owner Occupied          77.04          103,871.88          10.380
                  EUGENE, OR 97403                   First                  09/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7082617         RICKS                              One to Four Family     360              39,220.00          414.78
                  816  CLOVER HILL LANE              Owner Occupied          52.29           39,188.88          12.380
                  CEDAR HILL, TX 75104               First                  08/15/2027       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092274         BROWN                              One to Four Family     180              35,000.00          370.78
                  3815  S 11TH STREET ROAD           Owner Occupied          76.09           34,560.90           9.750
                  ST. JOSEPH, MO 64503               First                  07/01/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092284         D'ANDREA                           One to Four Family     180             100,100.00        1,014.69
                  16900  CHATFIELD AVENUE            Owner Occupied          65.00           98,391.53           8.990
                  CLEVELAND, OH 44111                First                  07/01/2012      154,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092294         HOLBEIN                            One to Four Family     360              29,250.00          289.67
                  726  LAUREL STREET                 Owner Occupied          75.00           29,221.66          11.500
                  CLOQUET, MN 55720                  First                  05/01/2027       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  18      Page Balance:   $741,707.62    Generated By: Dmenegus
<PAGE>   21
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7092299         JOSEY                              One to Four Family     360              71,625.00          681.57
                  3520  COOMER ROAD                  Owner Occupied          75.00           71,547.49          10.990
                  NEWFANE, NY 14108                  First                  05/01/2027       95,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092300         KANIOURAS                          One to Four Family     360             149,200.00        1,336.99
                  2231  MEYER PLACE                  Owner Occupied          79.57          149,010.68          10.250
                  COSTA MESA, CA 92627               First                  05/01/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092304         KITCHENS                           One to Four Family     360             102,750.00          901.71
                  11308  E. ALKI AVENUE              Owner Occupied          75.00          102,009.20          10.000
                  SPOKANE, WA 99206                  First                  05/01/2027      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092322         PEDERSON                           One to Four Family     360             106,800.00          917.58
                  706  W. ALONDRA BLVD               Owner Occupied          79.11          106,494.89           9.750
                  GARDENA, CA 90247                  First                  06/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092334         SPALDING                           One to Four Family     360              64,000.00          538.15
                  4501  12TH AVENUE                  Owner Occupied          80.00           63,774.32           9.500
                  SACRAMENTO, CA 95820               First                  05/01/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092338         WHELAN                             One to Four Family     360              84,800.00          622.24
                  9302  CLOVERLY ROAD                Owner Occupied          80.00           84,393.59           8.000
                  PHILADEPLPHIA, PA 19114            First                  05/01/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092342         WILLIAMS                           One to Four Family     360             112,000.00          900.38
                  5553  CARLTON DRIVE                Owner Occupied          80.00          111,769.33           8.990
                  BEDFORD HEIGHTS, OH 44146          First                  05/01/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100040         BALLEW                             One to Four Family     360              35,700.00          422.72
                  50  SPRINGVALE RD.                 Owner Occupied          64.91           35,673.48          13.990
                  ROCK SPRINGS, GA 30739             First                  09/01/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100053         CURETON                            One to Four Family     180              33,750.00          438.18
                  1210  EDGEWOOD AVENUE              Owner Occupied          75.00           33,632.36          13.500
                  UNA, SC 29378                      First                  10/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100055         DAVIS                              One to Four Family     180              36,000.00          443.71
                  817  HENDRIX STREET                Owner Occupied          75.00           35,713.49          12.500
                  LEXINGTON, SC 29072                First                  09/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100066         GERARD                             One to Four Family     360              41,200.00          471.91
                  1014  N. GRACE AVENUE              Owner Occupied          74.91           41,174.49          13.500
                  KEWANEE, IL 61443                  First                  09/01/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101197         GUENTHER                           One to Four Family     180              40,000.00          463.47
                  29220  S.E. CURRIN ROAD            Owner Occupied          25.81           39,828.92          11.350
                  ESTACADA, OR 97023                 Second                 10/01/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  19      Page Balance:   $875,022.24    Generated By: Dmenegus
<PAGE>   22
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7101360         BURNS                              One to Four Family     180              37,500.00          429.53
                  203  LEE ST                        Owner Occupied          75.00           37,492.35          13.500
                  DYER, TN 38330                     First                  10/09/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101392         O'SHIELDS                          One to Four Family     180              15,931.00          206.84
                  132  KINDER RD                     Owner Occupied          17.90           15,903.38          13.500
                  COLUMBIA, SC 29212                 Second                 09/12/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101402         ROSEMOND                           One to Four Family     360              49,500.10          507.26
                  131  CUSHMAN ST                    Owner Occupied          61.11           49,485.78          11.950
                  DURHAM, NC 27703                   First                  09/30/2027       81,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101416         WOLFE                              One to Four Family     180              25,950.00          261.94
                  2713  BRIGHTWOOD COURT             Owner Occupied          28.52           25,942.15          11.750
                  WINSTON-SALEM, NC 27127            Second                 10/06/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101881         FISHER                             One to Four Family     180              72,900.00          743.70
                  1025  AXLEWOOD CIRCLE              Owner Occupied          90.00           72,835.21          11.890
                  BRANDON, FL 33511                  First                  09/22/2012       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101913         JACKSON                            One to Four Family     360              66,000.00          566.56
                  1202  FAYETTEVILLE ROAD SE         Owner Occupied          82.50           65,969.14           9.740
                  ATLANTA, GA 30316                  First                  09/19/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101947         PAULUS                             One to Four Family     180              33,000.00          406.52
                  906  PINE DRIVE                    Owner Occupied          15.71           32,873.25          12.490
                  WINDSOR, CO 80550                  Second                 10/01/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101950         QUINTERO                           One to Four Family     240              54,000.00          511.85
                  2550  NW 24TH STREET               Owner Occupied          38.57           53,926.45           9.740
                  MIAMI, FL 33142                    Second                 09/15/2017      140,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101959         ROMANO                             One to Four Family     180              18,750.00          230.98
                  4504  JOAN WAY                     Owner Occupied          32.33           18,677.98          12.490
                  NEW PORT RICHEY, FL 34652          Second                 10/01/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101982         TANNER                             One to Four Family     240              35,000.00          364.61
                  3140  N. SNOW CAP WAY              Owner Occupied          24.65           34,960.31          11.140
                  FLAGSTAFF, AZ 86001                Second                 10/25/2017      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC6095345A        DAILEY                             One to Four Family     180              15,500.00          188.03
                  120  LINDA STREET                  Owner Occupied          12.20           15,469.55          12.200
                  EAST STROUDSBERG, PA 18301         Second                 10/26/2012      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7100032         Lewis                              One to Four Family     180              67,550.00          610.34
                  161  Cypress Street Unit           Owner Occupied          70.00           67,522.28          10.350
                  Providence, RI 02904               First                  10/30/2012       96,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  20      Page Balance:   $491,057.83    Generated By: Dmenegus
<PAGE>   23
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MB7100041         Kinniburgh, Jr                     One to Four Family     180              18,400.00          237.06
                  119  West Avenue                   Owner Occupied          12.27           18,400.00          13.350
                  Seekonk, MA 02771                  Second                 11/04/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100126         HAINES                             One to Four Family     180              69,900.00          600.55
                  721  DALE AVENUE                   Owner Occupied          79.43           69,767.96           9.750
                  CUMBERLAND, MD 21502               First                  07/30/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100151         ROACH                              One to Four Family     180              10,000.00          113.66
                  285  MERLIN PLACE                  Owner Occupied          16.67            9,955.82          11.000
                  ATHENS, GA 30606                   First                  09/24/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100201         GILBERT                            One to Four Family     180              49,700.00          530.43
                  6506  HIGGINSVILLE RD              Owner Occupied          70.00           49,635.06          12.500
                  DURHAMVILLE, NY 13054              First                  07/01/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100231         NEWKIRK                            One to Four Family     180              84,000.00          875.04
                  8  RICHARD LANE POB 298            Owner Occupied          80.00           83,953.15          12.170
                  NIVERVILLE, NY 12130               First                  10/01/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100242         PROVENZANO                         One to Four Family     180              52,500.00          550.15
                  750  WEBSTER ROAD                  Owner Occupied          80.77           52,456.93          12.250
                  WEBSTER, NY 14580                  First                  09/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100248         WALSH                              One to Four Family     180              38,000.00          455.82
                  1  HIGH TRAIL                      Owner Occupied          19.00           37,923.86          11.990
                  NEW MILFORD, CT 06776              Second                 09/07/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100255         DACHE                              One to Four Family     240             146,000.00        1,482.23
                  959  KENT AVE                      Owner Occupied          69.52          145,215.72          10.750
                  BROOKLYN, NY 11205                 First                  10/01/2017      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100256         RANDALL                            One to Four Family     180              79,000.00          737.45
                  77  ALGONQUIN TRAIL                Owner Occupied          31.60           78,970.25          10.750
                  SANDY HOOK, CT 06482               Second                 10/14/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100271         MILLER                             One to Four Family     240              18,000.00          190.72
                  200  BROOKWOOD DRIVE               Owner Occupied          14.63           17,960.38          11.400
                  AMBLER, PA 19002                   Second                 09/03/2017      123,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100301         WILLIAMS                           One to Four Family     180              59,500.00          535.39
                  5218  SECTION AVENUE               Owner Occupied          85.00           59,374.31          10.300
                  CINCINNATI, OH 45212               First                  06/24/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100314         REYNOLDS                           One to Four Family     180              61,600.00          662.21
                  493  WESTERHOLDT                   Owner Occupied          70.00           61,519.81          12.600
                  EAST ALTON, IL 62024               First                  08/07/2012       88,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  21      Page Balance:   $685,133.25    Generated By: Dmenegus
<PAGE>   24
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7100336         LAMIRAND                           One to Four Family     180              45,600.00          427.38
                  1804  SPRING ROAD                  Owner Occupied          60.00           45,548.58          10.800
                  CLEVELAND, OH 44109                First                  08/14/2012       76,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7100375         MILO                               One to Four Family     180              28,500.00          252.74
                  109  CLINTON AVENUE                Owner Occupied          15.41           28,475.47          10.130
                  NYACK, NY 10960                    Second                 09/17/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100376         SIMPSON                            One to Four Family     120              34,000.00          482.90
                  61  SOUTH AVE                      Owner Occupied          18.68           33,842.92          11.750
                  HARRINGTON PARK, NJ 07640          Second                 10/22/2007      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100414         MUNIZ                              One to Four Family     180              47,000.00          461.85
                  104  41 44TH AVENUE                Owner Occupied          20.43           46,984.65          11.400
                  CORONA, NY 11368                   Second                 10/15/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100439         SOOKLALL                           One to Four Family     180              36,000.00          359.25
                  1979  HAVILAND AVE                 Owner Occupied          14.57           35,988.75          11.600
                  BRONX, NY 10472                    Second                 10/22/2012      247,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100440         COX                                One to Four Family     180             139,500.00        1,402.78
                  140  HULL STREET                   Owner Occupied          90.00          139,457.35          11.700
                  BROOKLYN, NY 11233                 First                  10/15/2012      155,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7100442         LEIBROCK                           One to Four Family     180              90,000.00        1,037.96
                  10  COBBLESTONE RD                 Owner Occupied          25.57           89,982.04          13.600
                  GREENWICH, CT 06830                First                  10/16/2012      352,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100055         McSpirit                           One to Four Family     180              38,500.00          433.97
                  7  Pearl Street                    Owner Occupied          80.21           38,195.33          10.850
                  Gloversville, NY 12078             First                  10/29/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100057         Honeycutt Waters                   One to Four Family     300              32,000.00          361.87
                  1678  Hwy 504                      Owner Occupied          62.75           32,000.00          13.040
                  Natchitoches, LA 71457             First                  11/03/2022       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100058         Fuller                             One to Four Family     240              16,000.00          163.52
                  812  Florence Street               Owner Occupied          78.05           16,000.00          10.850
                  Kewanee, IL 61443                  First                  11/03/2017       20,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100061         Thul                               One to Four Family     300             132,000.00        1,492.72
                  3643  Florida Avenue               Owner Occupied          80.00          132,000.00          13.040
                  Gurnee, IL 60031                   First                  11/03/2022      165,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MD7100063         Rodriquez N/K/A                    One to Four Family     180              60,800.00          725.80
                  616  S. Oak Street                 Owner Occupied          80.00           60,800.00          11.900
                  Ottawa, OH 45875                   First                  11/03/2012       76,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  22      Page Balance:   $699,275.09    Generated By: Dmenegus
<PAGE>   25
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>                 <C>
MD7100065         Curry                              One to Four Family     360              44,000.00          431.97
                  616  Laurel Avenue                 Owner Occupied          80.00           44,000.00          11.390
                  Many, LA 71449                     First                  12/01/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100066         Ridgley                            One to Four Family     240              68,000.00          690.36
                  R1 Box 258                         Owner Occupied          79.35           68,000.00          10.750
                  St. Francisville, IL 62460         First                  11/04/2017       85,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100067         Brown                              One to Four Family     240              18,000.00          175.50
                  509  East 2nd Street               Owner Occupied          80.00           18,000.00          10.150
                  Buckner, IL 62819                  First                  11/04/2017       22,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100069         Hayes                              One to Four Family     180              45,000.00          509.77
                  4234  State Highway 5S             Owner Occupied          69.23           44,900.48          10.940
                  Root, NY 12095                     First                  10/30/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100070         Williams                           One to Four Family     180              48,000.00          551.61
                  10707  Sunny Circle                Owner Occupied          80.00           48,000.00          11.200
                  Pine Bluff, AR 71603               First                  11/04/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100071         Bird                               One to Four Family     300              60,000.00          517.98
                  3157  65th Avenue                  Owner Occupied          75.00           60,000.00           9.350
                  New Windsor, IL 61465              First                  11/04/2022       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110001         Ramos                              One to Four Family     360              97,500.00          854.91
                  89  14 80th Street                 Owner Occupied          50.00           97,500.00           9.990
                  New York, NY 11421                 First                  11/03/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110003         Martin                             One to Four Family     180             100,500.00          941.93
                  3855  Northeast 22nd Way           Owner Occupied          75.00          100,500.00          10.800
                  Lighthouse Point, FL 33064         First                  11/04/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7011110A        GREENIDGE                          One to Four Family      96               8,700.00          135.73
                  5333  NORTHEAST RODNEY AVE         Owner Occupied           5.76            8,642.57          10.800
                  PORTLAND, OR 97211                 Second                 10/27/2005      151,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7091260         PORDHAM JR                         One to Four Family     180              44,000.00          455.23
                  117  ERIE STREET                   Owner Occupied          68.75           44,000.00           9.340
                  READING, PA 19601                  First                  11/04/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7091272         JONES                              One to Four Family     240              35,000.00          343.35
                  1509  MINEFEE STREET               Owner Occupied          70.00           35,000.00          10.240
                  RICHMOND, VA 23224                 First                  11/05/2017       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100762         FRENCH JR                          One to Four Family     240              35,000.00          331.76
                  502  WEST 2ND STREET               Owner Occupied          36.46           35,000.00           9.740
                  LAPLACE, LA 70068                  First                  11/05/2017       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  23      Page Balance:   $603,543.05    Generated By: Dmenegus
<PAGE>   26
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7100822         EPPS                               One to Four Family     360             112,800.00          984.91
                  220  LINCOLNSHIRE BOULEVA          Owner Occupied          80.00          112,800.00           9.940
                  COLUMBIA, SC 29203                 First                  11/04/2027      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100960         DORSEY                             One to Four Family     360              82,400.00          722.52
                  31  GARNET AVENUE                  Owner Occupied          80.00           82,400.00           9.990
                  CATONSVILLE, MD 21228              First                  11/05/2027      103,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FB7101096         PENN                               One to Four Family     240              98,800.00          937.14
                  312  HOLIDAY PARK DRIVE            Owner Occupied          77.80           98,800.00           9.750
                  PITTSBURGH, PA 15239               First                  11/04/2017      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101130         MAGNATERRA SR                      One to Four Family     180             177,000.00        1,488.32
                  12302  MANOR ROAD                  Owner Occupied          76.96          177,000.00           9.500
                  GLEN ARM, MD 21057                 First                  11/05/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7085932         MOORE, JR.                         One to Four Family     180              29,250.00          323.34
                  110  HAWTHORNE AVENUE              Owner Occupied          65.00           29,229.66          12.990
                  UTICA, NY 13502                    First                  08/18/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100030         GREGORY                            One to Four Family     180              42,375.00          434.24
                  1837  WEST NORTH AVENUE            Owner Occupied          75.00           42,362.74          11.950
                  BALTIMORE, MD 21217                First                  10/15/2012       56,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106733         COHEN                              One to Four Family     360             135,150.00        1,235.26
                  304  OAKWOOD                       Owner Occupied          85.00          135,150.00          10.490
                  WHEELING, IL 60090                 First                  11/03/2027      159,000.00                
- ----------------------------------------------------------------------------------------------------------------------
CB7090325         CRITSER                            One to Four Family     360              72,000.00          691.12
                  8229  OAK TREE DRIVE               Owner Occupied          80.00           72,000.00          11.100
                  RENSSELAER, IN 47978               First                  11/12/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100052         AISEL JR                           One to Four Family     180              91,500.00          799.60
                  8645  BROOKCREST COURT             Owner Occupied          75.00           91,500.00           9.950
                  GALLOWAY, OH 43119                 First                  11/11/2012      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100310         ANZALDUA                           One to Four Family     180              63,440.00          535.30
                  4581  E. GRESHAM HIGHWAY           Owner Occupied          80.00           63,440.00           9.540
                  POTTERVILLE, MI 48876              First                  11/12/2012       79,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100454         KNIGHT                             One to Four Family     360              49,600.00          521.68
                  2112  ARGYLE AVENUE                Owner Occupied          80.00           49,600.00          12.300
                  COLUMBUS, OH 43219                 First                  11/12/2027       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CC7100054         PONTIOUS                           One to Four Family     180              59,000.00          539.70
                  634  HAPPY HOLLOW ROAD             Owner Occupied          78.67           59,000.00          10.500
                  CHILLICOTHE, OH 45601              First                  11/07/2012       75,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  24      Page Balance: $1,013,282.40    Generated By: Dmenegus
<PAGE>   27
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NB7080151         ZODARECKY                          One to Four Family     180              84,400.00          750.05
                  124  LEDGEWOOD DRIVE               Owner Occupied          80.00           84,363.83          10.150
                  ROCHESTER, NY 14615                First                  10/16/2012      105,500.00                
- ----------------------------------------------------------------------------------------------------------------------
NB7100028         BOHM                               One to Four Family     180              25,000.00          258.80
                  87  MINNESOTA STREET               Owner Occupied          39.06           25,000.00           9.350
                  ROCHESTER, NY 14609                First                  11/03/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100093         RONZO                              One to Four Family     180              30,000.00          310.56
                  248  NICHOLS STREET                Owner Occupied          50.00           30,000.00           9.350
                  ROCHESTER, NY 14609                First                  11/10/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105393         CALHOUN, JR.                       One to Four Family     180             125,000.00        1,305.28
                  2220  STRAUSS STREET               Owner Occupied          55.56          125,000.00           9.500
                  BROOKLYN, NY 11212                 First                  11/07/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100044         WAXMAN                             One to Four Family     180              93,600.00        1,138.46
                  1104  ARGONNE ROAD                 Owner Occupied          90.00           93,417.04          12.250
                  SOUTH EUCLID, OH 44121             First                  10/08/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7075075         FRAZIER                            One to Four Family     180              53,550.00          529.89
                  2053  SCANLON DRIVE                Owner Occupied          85.00           53,532.74          11.490
                  JACKSON, MS 39204                  First                  05/13/2012       64,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093206         BANH                               One to Four Family     360             126,400.00        1,156.24
                  3019  MAXSON ROAD #E               Owner Occupied          72.23          126,091.89          10.500
                  EL MONTE, CA 91732                 First                  06/01/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093225         LUNDY                              One to Four Family     360              97,500.00          767.04
                  1860  LUNDY AVENUE                 Owner Occupied          75.00           97,215.37           8.750
                  PASADENA, CA 91104                 First                  07/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096293         SUDOWSKI                           One to Four Family     360              28,800.00          301.80
                  2905  PIERCE STREET #10            Owner Occupied          80.00           28,683.81          12.250
                  HOLLYWOOD, FL 33020                First                  07/01/2027       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100149         AKINS                              One to Four Family     180              30,400.00          345.33
                  103  LOCUST STREET                 Owner Occupied          74.15           30,333.08          10.990
                  NIOTA, TN 37826                    First                  08/19/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100152         BAKER                              One to Four Family     180              12,040.00          144.42
                  442  W NORTH CREEK RD              Owner Occupied          16.05           12,015.70          11.990
                  SMYRNA, TN 37167                   Second                 09/02/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100153         BARNES                             One to Four Family     180              11,328.34          135.89
                  1216  WESYWOOD AVENUE              Owner Occupied          14.91           11,282.71          11.990
                  CHATTANOOGA, TN 37405              Second                 10/01/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  25      Page Balance:   $716,936.17    Generated By: Dmenegus
<PAGE>   28
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7100155         BAXLEY                             One to Four Family     180              33,300.00          329.51
                  301  SMITH RD                      Owner Occupied          90.00           33,289.34          11.490
                  SWEETWATER, TN 37874               First                  07/28/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100166         CARTER                             One to Four Family     180              42,400.00          427.99
                  1108  MILLWEE HOLLOW ROAD          Owner Occupied          80.00           42,387.18          11.750
                  CHICKAMAUGA, GA 30707              First                  08/22/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100172         COLLINS                            One to Four Family     180              45,900.00          454.19
                  211  NUTLING CROSSING              Owner Occupied          85.00           45,855.48          11.490
                  SWANSEA, SC 29160                  First                  09/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100186         GREEN                              One to Four Family     180              14,082.18          178.08
                  OUTE 1 BOX 82-J                    Owner Occupied          18.78           14,030.62          12.990
                  BENTON, TN 37307                   Second                 10/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100187         GREENSTEIN                         One to Four Family     180              55,832.00          652.22
                  310  BRANDYWINE DRIVE              Owner Occupied          23.96           55,429.03          11.500
                  OLD HICKORY, TN 37138              Second                 08/20/2012      233,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100233         STEWART                            One to Four Family     180              24,390.00          284.77
                  219  DECELLE STREET                Owner Occupied          90.00           24,234.81          11.490
                  JACKSON, MS 39206                  First                  09/01/2012       27,100.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100314         WOODBY                             One to Four Family     180              65,070.00          668.82
                  1220  REEVES                       Owner Occupied          90.00           65,013.45          11.990
                  CHATTANOOGA, TN 37412              First                  09/01/2012       77,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100524         PAOLETTI                           One to Four Family     180              84,000.00          962.15
                  585  NICHOLS AVENUE                Owner Occupied          70.00           83,930.23          13.500
                  STRATFORD, CT 06497                First                  07/18/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100883         ANDERSON                           One to Four Family     180              93,750.00        1,084.90
                  100  COTTON PATCH RD.              Owner Occupied          75.00           93,693.89          13.650
                  LAWRENCEVILLE, GA 30245            First                  09/01/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100886         COLTER                             One to Four Family     180             144,000.00        1,570.45
                  2159  A-Z ROAD                     Owner Occupied          80.00          143,895.54          12.800
                  NORTH, SC 29115                    First                  09/01/2012      180,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100894         HAWK                               One to Four Family     180              31,500.00          418.45
                  2134  ELINWOOD DRIVE               Owner Occupied          33.16           31,341.39          13.950
                  EAST POINT, GA 30344               Second                 09/01/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100899         OWEN                               One to Four Family     180              22,400.00          270.74
                  1638  MCCASKILL AVENUE             Owner Occupied          70.00           22,392.34          14.300
                  TALLAHASSEE, FL 32304              First                  07/20/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  26      Page Balance:   $655,493.30    Generated By: Dmenegus
<PAGE>   29
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7101158         OLSON                              One to Four Family     240              35,000.00          349.43
                  11115  SE PEMBROKE COURT           Owner Occupied          17.41           34,869.32          10.500
                  MILWAUKEE, OR 97222                Second                 09/01/2017      201,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101169         SANCHEZ                            One to Four Family     180              70,500.00          644.36
                  1703  EAST 1ST ST                  Owner Occupied          79.21           70,443.61          10.490
                  MESA, AZ 85203                     First                  10/01/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7090008         ARROYO                             One to Four Family     360              49,000.00          342.62
                  320  NORTH FARRAGUT STREE          Owner Occupied          89.91           49,000.00           7.500
                  BAY CITY, MI 48708                 First                  11/10/2027       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7091193         RANDALL                            One to Four Family     180              34,800.00          363.40
                  1447  PENNIMAN ROAD                Owner Occupied          34.46           34,800.00           9.500
                  WILLIAMSBURG, VA 23185             Second                 11/07/2012      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100795         BROWN                              One to Four Family     240              30,250.00          286.73
                  LD HIGHWAY 74, BOX 1               Owner Occupied          67.22           30,250.00           9.740
                  EVERGREEN, NC 28438                First                  11/05/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100933         MCKEE                              One to Four Family     240              28,000.00          281.43
                  OUTE 631                           Owner Occupied          33.73           28,000.00          10.600
                  MATHEWS, VA 23072                  First                  11/04/2017       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100966         SOWERS                             One to Four Family     180              75,000.00          632.84
                  591  YOUGH VIEW DRIVE              Owner Occupied          57.03           75,000.00           9.540
                  OAKLAND, MD 21550                  First                  11/07/2012      131,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101018         SKOLAK                             One to Four Family     360              64,800.00          480.01
                  1508  POPLAR STREET                Owner Occupied          80.00           64,800.00           8.100
                  GREENBURG, PA 15601                First                  11/05/2027       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101350         STANISH                            One to Four Family     240             124,000.00        1,127.66
                  180  EAST MOUNT AIRY ROAD          Owner Occupied          80.00          124,000.00           9.150
                  STEVENS, PA 17578                  First                  11/10/2017      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090780         CARR-MCGILL                        One to Four Family     180              54,400.00          559.57
                  7950  S MARYLAND                   Owner Occupied          80.00           54,368.70          12.000
                  CHICAGO, IL 60619                  First                  09/30/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101289         CARR                               One to Four Family     120              25,000.00          352.21
                  909  PARC CENTRAL                  Owner Occupied          23.64           24,888.42          11.550
                  FESTUS, MO 63028                   First                  11/01/2007      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101299         BLAIR                              One to Four Family     180              42,000.00          368.58
                  4717  7TH STREET, NE               Owner Occupied          33.73           42,000.00          10.000
                  WASHINGTON, DC 20017               First                  11/05/2012      124,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  27      Page Balance:   $632,420.05    Generated By: Dmenegus
<PAGE>   30
================================================================================
                                 PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7101497         DILLEE                             One to Four Family     180              18,000.00          205.04
                  517  MAIN                          Owner Occupied          51.80           18,000.00          11.040
                  MISSOURI CITY, MO 64072            First                  12/01/2012       34,750.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101503         REIFSTEK                           One to Four Family     360              79,000.00          742.81
                  633  LONGHORN                      Owner Occupied          77.45           79,000.00          10.840
                  O FALLON, MO 63366                 First                  11/15/2027      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105166         NORMAN                             One to Four Family     120              37,000.00          509.46
                  27  LYNBROOK DR                    Owner Occupied          23.13           36,657.24          10.990
                  SOUND BEACH, NY 11789              Second                 09/26/2007      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105855         CARELOCK                           One to Four Family     240              41,500.00          415.73
                  1026  LEHIGH AVENUE                Owner Occupied          69.75           41,397.80          10.550
                  CHARLOTTE, NC 28205                First                  09/08/2017       59,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106045         JOHNSTON                           One to Four Family     240              45,600.00          429.53
                  1825  EAST 7TH STREET              Owner Occupied          80.00           45,501.47           9.650
                  ERIE, PA 16511                     First                  10/15/2017       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106246         DEWEEVER                           One to Four Family     360             114,750.00        1,114.52
                  511  MADISON AVENUE                Owner Occupied          85.00          114,672.16          11.250
                  PATERSON, NJ 07514                 First                  10/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106412         DENNYS                             One to Four Family     120              35,500.00          467.17
                  444  MADISON AVENUE                Owner Occupied          32.27           35,149.98           9.900
                  PENNDEL, PA 19047                  First                  09/30/2007      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110029         FARBACHER                          One to Four Family     180              26,400.00          309.08
                  304  POPLAR STREET                 Owner Occupied          30.03           26,400.00          11.540
                  TARENTUM, PA 15084                 Second                 11/03/2012       87,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110147         JOHNSTON                           One to Four Family     360              52,000.00          488.94
                  1098  BLACKBERRY TRAIL             Owner Occupied          78.79           52,000.00          10.840
                  PEVELY, MO 63070                   First                  12/01/2027       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110148         EXTON                              One to Four Family     180              21,600.00          252.88
                  R #1, POPPY LANE BOX               Owner Occupied          13.71           21,600.00          11.540
                  ALTON, IL 62002                    Second                 12/01/2012      157,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110221         PYLES                              One to Four Family     240              60,000.00          554.98
                  21515  WEST 179TH STREET           Owner Occupied          58.82           60,000.00           9.390
                  OLATHE, KS 66062                   First                  12/01/2017      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115016         COLON  JR.                         One to Four Family     360             200,000.00        1,645.35
                  1129  BOYNTON AVE                  Owner Occupied          80.00          199,686.55           9.250
                  BRONX, NY 10472                    First                  08/12/2027      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  28      Page Balance:   $730,065.20    Generated By: Dmenegus
<PAGE>   31
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term       Orig Bal       Curr P&I
                                                      Occupancy Type         LTV            Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity       Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>              <C>             <C>
CB7100005         MOTT                               One to Four Family     360              36,800.00          387.05
                  1202  SUMMER                       Owner Occupied          80.00           36,800.00          12.300
                  PEKIN, IL 61554                    First                  11/13/2027       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7100033         JOHNSON                            One to Four Family     180             214,200.00        2,056.08
                  7117  CAMPFIELD ROAD               Owner Occupied          90.00          214,125.27          11.100
                  BALTIMORE, MD 21208                First                  10/20/2012      238,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100088         RODMAN                             One to Four Family     240              27,100.00          331.11
                  931  BENNETT STREET                Owner Occupied          35.19           27,077.39          13.700
                  MCKEESPORT, PA 15132               Second                 10/21/2017       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100102         BRAWLEY                            One to Four Family     180              71,100.00          701.39
                  2507  MILTON RD                    Owner Occupied          90.00           71,077.02          11.450
                  CHARLOTTE, NC 28215                First                  10/21/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7085900         BESCIGLIA                          One to Four Family     360             104,000.00        1,093.83
                  3118  SEAN WAY                     Owner Occupied          80.00          103,972.17          12.300
                  PALM HARBOR, FL 34684              First                  11/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100478         BROWN                              One to Four Family     180              40,125.00          459.29
                  449  SEMINOLE ROAD                 Owner Occupied          75.00           40,100.07          13.490
                  HARTSVILLE, SC 29551               First                  08/01/2012       53,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100506         KEESLING                           One to Four Family     180              70,500.00          676.72
                  5519  PAPAYA DRIVE                 Owner Occupied          75.00           70,450.59          11.100
                  PUNTA GORDA, FL 33982              First                  08/27/2012       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100519         MENDES                             One to Four Family     180              40,000.00          473.64
                  44  MAIN STREET                    Owner Occupied          66.67           39,965.30          13.990
                  DRUMMOND, MT 59832                 First                  09/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100520         MISNER                             One to Four Family     180              17,200.00          196.88
                  157  COBB STREET                   Owner Occupied          80.00           17,192.92          13.490
                  EASLEY, SC 29640                   First                  09/01/2012       23,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100972         LOPEZ                              One to Four Family     360              88,500.00          826.13
                  5304  SW 135TH COURT               Owner Occupied          75.00           88,466.68          10.750
                  MIAMI, FL 33175                    First                  09/02/2027      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101109         CHRISTIAN                          One to Four Family     180             120,000.00        1,257.48
                  167  NORTH CLINTON STREET          Owner Occupied          75.00          119,934.71          12.250
                  EAST ORANGE, NJ 07019              First                  07/01/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101141         KUCHER                             One to Four Family     180              53,750.00          481.65
                  1875  MCGILVRA BLVD                Owner Occupied          17.06           53,679.30          10.250
                  SEATTLE, WA 98112                  Second                 09/23/2012      315,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  29      Page Balance:   $882,841.42    Generated By: Dmenegus
<PAGE>   32
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7101186         YATES                              One to Four Family     180              29,200.00          359.90
                  12330  OAK BROOK COURT             Owner Occupied          16.69           29,087.96          12.500
                  FT. MYERS, FL 33908                Second                 09/15/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101463         BARNES                             One to Four Family     180              39,585.00          500.59
                  4755  ANDERSON ROAD                Owner Occupied          17.21           39,440.52          12.990
                  ORLANDO, FL 32812                  Second                 08/20/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101486         CORSON, II                         One to Four Family     180              15,000.00          174.65
                  113  WEST WASHINGTON               Owner Occupied          13.64           14,994.17          13.740
                  THORNTOWN, IN 46071                Second                 08/19/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101497         GARCIA                             One to Four Family     180              26,800.00          306.76
                  829  VIRGINIA WOODS LANE           Owner Occupied          25.52           26,788.98          13.490
                  ORLANDO, FL 32824                  Second                 10/01/2012      105,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101508         HAMILTON                           One to Four Family     180              17,955.00          221.18
                  1931  HOOD STREET                  Owner Occupied          22.44           17,920.70          12.490
                  SPRINGFIELD, IL 62703              Second                 09/15/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101514         JOHNSON                            One to Four Family     180              64,350.00          661.42
                  6143  S EVANS AVENUE               Owner Occupied          90.00           64,312.90          11.990
                  CHICAGO, IL 60637                  First                  10/01/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101520         LACY                               One to Four Family     180              22,900.00          289.59
                  1604  BONNIE ROAD                  Owner Occupied          33.68           22,816.15          12.990
                  PLANT CITY, FL 33565               Second                 09/01/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101551         ROBERTS                            One to Four Family     180              18,443.00          254.35
                  9020  PERRY VALE ROAD              Owner Occupied          11.31           18,385.81          14.700
                  BALTIMORE, MD 21236                Second                 09/20/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101671         CAREY                              One to Four Family     180              41,000.00          439.33
                  4974  FAIRBURN AVENUE              Owner Occupied          50.00           40,900.63           9.950
                  UNION CITY, GA 30291               First                  10/08/2012       82,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101673         COOK                               One to Four Family     360              69,600.00          654.94
                  905  NORTH 12TH STREET             Owner Occupied          80.00           69,574.36          10.850
                  NASHVILLE, TN 37206                First                  10/06/2027       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101674         CLARK                              One to Four Family     180              20,374.35          255.78
                  309  YOUNG STREET                  Owner Occupied          41.16           20,298.74          12.850
                  CORINTH, MS 38834                  First                  09/22/2012       49,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101675         CLARK                              One to Four Family     360              53,250.00          588.64
                  3655  TONYA LANE                   Owner Occupied          75.00           53,225.45          12.990
                  SODDY DAISY, TN 37379              First                  10/01/2027       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  30      Page Balance:   $417,746.37    Generated By: Dmenegus
<PAGE>   33
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7101698         NORRIS                             One to Four Family     360              77,000.00          774.30
                  285  TAMPA DRIVE                   Owner Occupied          80.21           76,976.45          11.700
                  NASHVILLE, TN 37211                First                  10/06/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101699         PARKERSON                          One to Four Family     360              59,014.00          616.13
                  1229  HOWARD AVENUE                Owner Occupied          75.66           58,965.05          12.200
                  NASHVILLE, TN 37216                First                  08/27/2027       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101701         ROREX                              One to Four Family     360              56,250.00          567.79
                  3405  ANGELA LANE                  Owner Occupied          75.00           56,215.81          11.750
                  CHATTANOOGA, TN 37419              First                  09/18/2027       75,800.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101702         SIMPSON                            One to Four Family     360              88,200.00          853.31
                  329  OAK POINT TERRACE             Owner Occupied          90.00           88,169.89          11.200
                  MT. JULIET, TN 37122               First                  10/04/2027       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101703         SIMS                               One to Four Family     360              38,400.00          394.99
                  772  EAST GAGE                     Owner Occupied          80.00           38,389.01          12.000
                  MEMPHIS, TN 38106                  First                  10/08/2027       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101704         SMITH                              One to Four Family     180              72,000.00          820.61
                  3021  JARRELL RIDGE ROAD           Owner Occupied          80.00           71,683.33          11.050
                  CLARKSVILLE, TN 37043              First                  09/24/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101705         STAMEY                             One to Four Family     360              83,700.00          828.87
                  106  LYNN DRIVE                    Owner Occupied          77.50           83,673.25          11.500
                  HENDERSENVILLE, TN 37075           First                  10/15/2027      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101735         DOMINGUEZ                          One to Four Family     180             102,400.00          974.41
                  20109  NW 62ND AVENUE              Owner Occupied          80.00          102,363.40          10.990
                  MIAMI, FL 33015                    First                  09/15/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101738         EDENFIELD                          One to Four Family     240              55,250.00          569.91
                  O BOX 582                          Owner Occupied          85.00           55,186.09          10.990
                  BAXLEY, GA 31513                   First                  10/03/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101739         EDMONDSON                          One to Four Family     180              22,000.00          295.80
                  224  ARROW WOOD LANE               Owner Occupied          15.49           21,964.35          14.190
                  WALESKA, GA 30183                  Second                 08/27/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101745         FREEMAN                            One to Four Family     180              16,300.00          206.13
                  2108  LANGDON DRIVE                Owner Occupied          10.00           16,177.99          12.990
                  RALEIGH, NC 27604                  Second                 10/03/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101747         GALEY                              One to Four Family     180              46,500.00          510.39
                  334  BRANNAN ROAD                  Owner Occupied          75.00           46,489.10          12.890
                  MCDONOUGH, GA 30315                First                  10/06/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  31      Page Balance:   $716,253.72    Generated By: Dmenegus
<PAGE>   34
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7101760         HUTCHINS                           One to Four Family     240             106,000.00          919.89
                  1019  OUSLEY PLACE                 Owner Occupied          80.00          105,830.94           8.500
                  MACON, GA 31210                    First                  10/10/2017      132,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101773         LEWIS                              One to Four Family     180               7,200.00           95.84
                  200  EAST BALLANCE ROAD            Owner Occupied          10.00            7,188.10          13.990
                  FREMONT, NC 27830                  Second                 10/25/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101775         MARKER                             One to Four Family     180               8,500.00          116.07
                  T 2 BOX 293E                       Owner Occupied          10.00            8,473.12          14.500
                  MILLSBORO, DE 15108                Second                 10/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101784         MORICLE                            One to Four Family     180              86,400.00          757.58
                  1010  UHLES STREET                 Owner Occupied          80.00           86,361.70           9.990
                  REIDSVILLE, NC 27320               First                  10/10/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101786         MURRAY                             One to Four Family     240              47,625.00          491.26
                  4749  BARLEY STREET                Owner Occupied          75.00           47,561.17          10.990
                  ORLANDO, FL 32811                  First                  10/05/2017       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102010         FALCONE                            One to Four Family     180              52,500.00          576.76
                  16655  NORTH SWANN ROAD            Owner Occupied          21.00           52,254.54          10.390
                  CATALINA, AZ 85739                 Second                 09/24/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7091160         KILPATRICK                         One to Four Family     240              78,000.00          815.76
                  120  DIXIE GARDEN                  Owner Occupied          56.52           78,000.00          11.200
                  CHAPEL HILL, NC 27514              Second                 11/10/2017      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100358         GLOVER                             One to Four Family     360              22,400.00          196.42
                  745  GREEN STREET                  Owner Occupied          80.00           22,400.00           9.990
                  ROCK HILL, SC 29730                First                  11/07/2027       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100373         COLEMAN                            One to Four Family     180              45,000.00          521.41
                  300  BERTWICK ROAD                 Owner Occupied          34.62           45,000.00          11.350
                  CHESAPEAKE, VA 23325               Second                 11/05/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100864         TRESKY                             One to Four Family     180              39,800.00          419.22
                  202  MYSTIC PINE TRAIL             Owner Occupied          20.95           39,800.00           9.650
                  CRANBERRY, PA 16066                Second                 11/10/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101102         JACKSON                            One to Four Family     240              33,600.00          330.96
                  19440  BUENA VISTA                 Owner Occupied          70.00           33,600.00          10.300
                  ROCKBRIDGE, OH 43139               First                  11/10/2017       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101285         DENNIS                             One to Four Family     180              17,500.00          204.44
                  1346  NORTH 35TH                   Owner Occupied          70.00           17,500.00          11.500
                  BATON ROUGE, LA 70802              First                  11/10/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  32      Page Balance:   $543,969.57    Generated By: Dmenegus
<PAGE>   35
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7101355         READ                               One to Four Family     240             136,000.00        1,236.78
                  302  NORTH 6TH STREET              Owner Occupied          80.00          136,000.00           9.150
                  PERKASIE, PA 18944                 First                  11/10/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7060099         BRYANT                             One to Four Family     180              44,000.00          474.73
                  1937  MONROE LANE                  Owner Occupied          74.58           43,944.86          12.650
                  GARY, IN 46407                     First                  07/01/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7060509         WILLIAMS                           One to Four Family     180              88,000.00          922.14
                  OUNTY HWY 26/CRYSTAL               Owner Occupied          80.00           87,927.84          12.250
                  BETHEL, NY 12720                   First                  08/26/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101504         MOORE                              One to Four Family     360              25,000.00          289.11
                  2618  SOUTH 22ND STREET            Owner Occupied          73.53           25,000.00          13.640
                  SAINT JOSEPH, MO 64503             First                  11/03/2027       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106600         CHISNALL                           One to Four Family     180              26,950.00          339.22
                  23323  TEPPERT                     Owner Occupied          27.22           26,850.45          12.900
                  EASTPOINT, MI 48021                Second                 10/01/2012       99,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106611         FOWLER                             One to Four Family     180              29,500.00          365.52
                  362  MT VERNON                     Owner Occupied          14.05           29,444.23          12.600
                  GROSSE POINT FARMS, MI 48236       Second                 11/01/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110027         EVANS                              One to Four Family     120              12,500.00          181.81
                  11222  CORRINGTON                  Owner Occupied          26.32           12,500.00          12.340
                  KANSAS CITY, MO 64134              First                  11/03/2007       47,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110083         HUNTER                             One to Four Family     180              22,000.00          268.87
                  OUTE 2 BOX 652                     Owner Occupied          73.33           22,000.00          12.340
                  IRONTON, MO 63650                  First                  11/05/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110150         PACHULSKI                          One to Four Family     180              25,850.00          298.54
                  4124  SURRY DRIVE                  Owner Occupied          19.73           25,850.00          11.290
                  ALLISON PARK, PA 15101             Second                 12/01/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110283         SCHAFER                            One to Four Family     180              48,000.00          546.78
                  10423  EAGLEWOOD AVENUE            Owner Occupied          80.00           48,000.00          11.040
                  OVERLAND, MO 63114                 First                  11/15/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110286         WRIGHT                             One to Four Family     180              33,000.00          392.88
                  6200  WEST 69TH STREET             Owner Occupied          29.07           33,000.00          11.850
                  SHAWNEE MISSION, KS 66204          Second                 11/10/2012      113,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110340         BARROW                             One to Four Family     180              35,000.00          369.21
                  3043  MATTHEWS DRIVE               Owner Occupied          61.40           35,000.00          12.340
                  GASTONIA, NC 28052                 First                  12/01/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  33      Page Balance:   $525,517.38    Generated By: Dmenegus
<PAGE>   36
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7110351         HUNTER                             One to Four Family     180              34,505.00          393.05
                  8531  WITTMER ROAD                 Owner Occupied          34.51           34,505.00          11.040
                  PITTSBURGH, PA 15237               Second                 12/01/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110352         JOHNSON                            One to Four Family      60              13,125.00          287.67
                  610  SHERMAN STREET                Owner Occupied          75.00           13,125.00          11.350
                  JOHNSTOWN, PA 15901                First                  11/10/2002       17,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115032         JOHNSON                            One to Four Family     360             127,500.00        1,117.96
                  74  ROCKAWAY AVE                   Owner Occupied          85.00          127,386.49           9.990
                  BROOKLYN, NY 11233                 First                  09/09/2027      150,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7095778         SANTOS                             One to Four Family     240              40,077.00          427.40
                  1601  LITTLE HILL DRIVE            Owner Occupied          66.80           40,033.67          11.500
                  OCOEE, FL 34761                    First                  10/24/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095870         HANNAH                             One to Four Family     180              23,000.00          298.61
                  7235  SOUTH SANTA MARIA CI         Owner Occupied          14.11           22,960.14          13.500
                  WEST JORDAN, UT 84084              Second                 10/27/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102123         POLLOCK                            One to Four Family     180              48,100.00          536.98
                  18238  SE 15TH                     Owner Occupied          65.00           48,078.51          13.130
                  CHOCTAW, OK 73020                  First                  10/01/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102242         WATSON                             One to Four Family     360              40,500.00          462.30
                  115  VANITY WAY                    Owner Occupied          75.00           40,491.64          13.450
                  GREER, SC 29651                    First                  11/01/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102244         ALSTON                             One to Four Family     180             102,000.00        1,095.74
                  9200  RIDGEVIEW EAST               Owner Occupied          85.00          101,948.55          12.590
                  OCEAN SPRINGS, MS 39564            First                  10/01/2012      120,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102248         BRYSON                             One to Four Family     180              28,800.00          328.25
                  278  EAST MICHIGAN AVENUE          Owner Occupied          80.00           28,609.10          11.050
                  WHITWELL, TN 37397                 First                  09/01/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102249         BURGESS                            One to Four Family     180             133,200.00        1,293.72
                  12641  WAGON WHEEL CIRCLE          Owner Occupied          90.00          132,779.75          11.250
                  KNOXVILLE, TN 37922                First                  02/19/2012      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102261         GRANDY-DHANRAJ                     One to Four Family     360              46,000.00          465.22
                  104  EDISON CIRCLE                 Owner Occupied          80.00           45,944.19          11.780
                  DUDLEY, NC 28333                   First                  09/01/2027       57,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102262         HAWKINS                            One to Four Family     360              58,500.00          557.11
                  515  TYLER STREET                  Owner Occupied          90.00           58,415.41          11.000
                  COLUMBIA, SC 29205                 First                  09/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  34      Page Balance:   $694,277.45    Generated By: Dmenegus
<PAGE>   37
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7102271         MORRIS                             One to Four Family     360              54,900.00          572.12
                  405  MILLBROOK STREET              Owner Occupied          90.00           54,839.08          12.180
                  GREENVILLE, NC 27834               First                  09/01/2027       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102281         TATE                               One to Four Family     180              76,800.00          813.70
                  234  MARLENA AVENUE                Owner Occupied          80.00           76,739.07          12.400
                  PIEDMONT, SC 29673                 First                  07/14/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102411         MOORE                              One to Four Family     180              40,000.00          420.71
                  1339  MONDAMIN AVENUE              Owner Occupied          80.00           39,978.47          12.300
                  DES MOINES, IA 50314               First                  03/25/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102446         YATES                              One to Four Family     180              60,945.00          571.21
                  R 1 BOX 132                        Owner Occupied          85.00           60,899.39          10.800
                  KAHOKA, MO 63445                   First                  08/30/2012       71,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102564         JONES                              One to Four Family     180              20,298.10          254.82
                  3336  S TARLETON WEST              Owner Occupied          23.88           20,067.23          12.850
                  DURHAM, NC 27713                   Second                 05/27/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102600         ANDERSON                           One to Four Family     120              33,000.00          466.62
                  7611  W. 52ND ST.                  Owner Occupied          39.05           28,670.65          11.640
                  OVERLAND PARK, KS 66202            First                  01/01/2006       84,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102674         AMIRTO                             One to Four Family     180              25,000.00          261.97
                  5167  NW 48TH AVENUE               Owner Occupied          14.71           24,993.24          12.250
                  COCONUT CREEK, FL 33073            Second                 11/01/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102702         HOWARD                             One to Four Family     180              53,000.00          610.75
                  9312  S. MAY STREET                Owner Occupied          62.35           52,771.19          11.250
                  CHICAGO, IL 60620                  First                  08/28/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102724         SALEM                              One to Four Family     180              17,000.00          171.47
                  21  MONTGOMERY AVENUE              Owner Occupied          13.49           16,994.85          11.740
                  WORCESTER, MA 01604                Second                 11/01/2012      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105428         STEWART JR                         One to Four Family     120              20,625.00          311.62
                  6963  ARQUES ROAD                  Owner Occupied          32.48           20,541.97          13.300
                  JACKSONVILLE, FL 32205             Second                 10/29/2007       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7085242         FINDLEY                            One to Four Family     180              24,600.00          303.21
                  8303  74TH AVENUE NORTH            Owner Occupied          32.37           24,600.00          12.500
                  SAINT PETERSBURG, FL 33777         Second                 11/12/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092689         JARAMILLO                          One to Four Family     180              68,000.00          692.66
                  393  JARALES ROAD                  Owner Occupied          80.00           67,939.33          11.870
                  JARALES, NM 87023                  First                  09/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  35      Page Balance:   $489,034.47    Generated By: Dmenegus
<PAGE>   38
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7100336         BARNES                             One to Four Family      60              16,000.00          355.83
                  379  BRINSMADE AVENUE              Owner Occupied           6.96           15,606.12          11.990
                  BRONX, NY 10465                    Second                 09/19/2002      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100364         EDWARDS                            One to Four Family     120              16,600.00          233.39
                  109  MARYLAND AVENUE               Owner Occupied           8.74           16,450.67          11.500
                  FREEPORT, NY 11520                 Second                 09/24/2007      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100369         FRIEDMAN                           One to Four Family     240              43,000.00          458.56
                  701  MONTGOMERY STREET             Owner Occupied          17.92           42,906.60          11.500
                  BROOKLYN, NY 11213                 Second                 09/18/2017      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100381         HENDERSON                          One to Four Family     240              28,450.00          332.30
                  78  DREXEL DRIVE                   Owner Occupied          24.63           28,349.17          12.950
                  ROCHESTER, NY 14606                Second                 09/23/2017      115,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100392         JOZEFOWICZ                         One to Four Family     180              30,000.00          308.35
                  1245  COLTON                       Owner Occupied          63.83           29,952.71          11.990
                  TOLEDO, OH 43609                   First                  09/24/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100395         KEITH                              One to Four Family     180              13,400.00          173.97
                  163  CENTER ROAD                   Owner Occupied          19.42           13,353.30          13.500
                  PENELLVILLE, NY 13132              Second                 09/24/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100396         KELLY                              One to Four Family     180              57,500.00          582.86
                  324  55TH STREET                   Owner Occupied          35.94           57,194.68           8.990
                  BROOKLYN, NY 11220                 First                  09/22/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100397         KONIECZKI                          One to Four Family     180              30,000.00          367.32
                  16135  SE 252ND PLACE              Owner Occupied          12.77           29,883.76          12.380
                  KENT, WA 98042                     Second                 09/01/2012      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100398         KUROWSKI                           One to Four Family     240              78,800.00          759.92
                  52  18TH ST                        Owner Occupied          80.00           78,591.31           9.990
                  LOWELL, MA 01850                   First                  09/19/2017       98,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100405         LOLLER                             One to Four Family     240              43,000.00          414.67
                  5  APPLEWOOD RD                    Owner Occupied          43.00           42,886.14           9.990
                  VERNON TOWNSHIP, NJ 07462          First                  09/29/2017      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100406         LORDS                              One to Four Family     180              26,000.00          359.45
                  414  FOREST LANE                   Owner Occupied          15.12           25,919.77          14.750
                  ELKO, NV 89801                     Second                 09/04/2012      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100408         MARCHAND                           One to Four Family     180              63,750.00          602.29
                  332  S FIRST ST                    Owner Occupied          85.00           63,703.33          10.900
                  BOONVILLE, IN 47601                First                  09/22/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  36      Page Balance:   $444,797.56    Generated By: Dmenegus
<PAGE>   39
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7100410         MARTINEZ                           One to Four Family     180              73,000.00          734.07
                  638  CALLE DE LA SOMBRA            Owner Occupied          52.14           72,955.14          11.700
                  TAOS, NM 87571                     First                  09/15/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100412         MCGHEE                             One to Four Family     180              96,750.00        1,040.08
                  14638  SUPERIOR RD                 Owner Occupied          75.00           96,701.34          12.600
                   CLEVELAND HEIGHTS, OH 44118       First                  09/19/2012      129,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100422         PAYNE                              One to Four Family     360              93,045.00          745.32
                  10940  LONG BRANCH DRIVE           Owner Occupied          78.52           92,941.90           8.950
                  CHESTERFIELD, VA 23832             First                  09/26/2027      118,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100427         PLANT                              One to Four Family     180              13,000.00          155.60
                  1617  N CALLE CIRCLE               Owner Occupied          10.83           12,920.80          11.950
                  CHANDLER, AZ 85224                 Second                 07/01/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100464         WISENBARGER                        One to Four Family     180              35,000.00          353.29
                  379  SECOND AVE.                   Owner Occupied          61.40           34,978.73          11.750
                  MANSFIELD, OH 44902                First                  09/24/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100805         BUCKNER                            One to Four Family     180              43,100.00          487.17
                  921  S.W. CANYON DRIVE             Owner Occupied          30.79           42,907.77          10.900
                  REDMOND, OR 97756                  Second                 09/26/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100811         CAVE                               One to Four Family     180              14,940.00          147.95
                  2532  SOUTHEAST ASH ST.            Owner Occupied          10.75           14,939.09          11.850
                  PORTLAND, OR 97214                 Second                 09/29/2012      139,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100822         EDGELL                             One to Four Family     240              34,000.00          320.26
                  4515  E. 700 N                     Owner Occupied          50.37           33,659.47           9.650
                  ROLLING PRAIRIE, IN 46371          First                  09/29/2017       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100823         ENCINAS                            One to Four Family     180              13,000.00          177.52
                  4931  E 4TH ST                     Owner Occupied          13.27           12,895.33          14.500
                  TUCSON, AZ 85711                   Second                 06/26/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100832         HALSTIED                           One to Four Family     180              39,600.00          518.09
                  1297  EAGLE POINT LANDING          Owner Occupied          16.23           39,463.95          13.650
                  SAN JOSE, CA 95131                 Second                 09/26/2012      244,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100839         KROFT                              One to Four Family     180              34,400.00          318.53
                  2602  S ADAMS ST                   Owner Occupied          80.00           34,373.42          10.650
                  MARION, IN 46953                   First                  09/29/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100841         LASHLEY                            One to Four Family     120              26,700.00          398.50
                  5682  GATE STREET                  Owner Occupied          18.41           26,479.87          12.990
                  ROYAL OAK, MD 21662                Second                 09/22/2007      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  37      Page Balance:   $515,216.81    Generated By: Dmenegus
<PAGE>   40
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7100847         MCDOWELL                           One to Four Family     180              40,000.00          362.91
                  336  HOUSTON STREET                Owner Occupied          80.00           39,967.38          10.400
                  CHARLOTTE, NC 28214                First                  09/17/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100993         DEUSTERMAN                         One to Four Family     240              33,000.00          373.76
                  5676  E. SANDRA TERRACE            Owner Occupied          13.20           32,936.91          12.450
                  SCOTTSDALE, AZ 85254               Second                 09/10/2017      250,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101009         LANDON                             One to Four Family     240              53,000.00          594.70
                  12500  MCCOURTNEY ROAD             Owner Occupied          35.33           52,948.55          12.300
                  GRASS VALLEY, CA 95949             Second                 10/03/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101010         LING                               One to Four Family     240              48,900.00          604.18
                  914  MADISON STREET                Owner Occupied          22.13           48,823.23          13.890
                  EUGENE, OR 97402                   Second                 10/01/2017      221,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101057         DAVIS                              One to Four Family     360             135,000.00        1,488.10
                  709  OLDDONALDSON AVENUE           Owner Occupied          75.00          134,937.22          12.950
                  SEVERN, MD 21144                   First                  09/24/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101059         EIB                                One to Four Family     240              33,750.00          365.75
                  1416  W 2ND ST                     Owner Occupied          75.00           33,714.72          11.750
                  MARION, IN 46952                   First                  10/06/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101061         ELLIS                              One to Four Family     180              18,800.00          226.84
                  8630  NEW HARMONY RD               Owner Occupied          11.39           18,739.57          12.100
                  MARTINSVILLE, IN 46151             Second                 10/06/2012      165,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101063         FRYSIG                             One to Four Family     180             118,150.00        1,124.28
                  517  5TH AVENUE                    Owner Occupied          85.00          118,065.17          10.990
                  LYONS, CO 80540                    First                  10/01/2012      139,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101074         NELSON                             One to Four Family     180              48,136.00          655.67
                  14044  S 33 RD WAY                 Owner Occupied          20.48           47,983.02          14.450
                  PHOENIX, AZ 85044                  Second                 09/09/2012      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101075         ORTEGA                             One to Four Family     240              38,900.00          396.24
                  2932  PUEBLO PINTADO               Owner Occupied          17.29           38,807.30          10.800
                  SANTA FE, NM 87505                 Second                 09/30/2017      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101304         BOUTSIKAKIS                        One to Four Family     240              30,000.00          324.07
                  452  ADAMS AVENUE                  Owner Occupied          15.96           29,936.55          11.700
                  STATEN ISLAND, NY 10306            Second                 09/08/2017      188,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101326         LEVENSTEIN                         One to Four Family     120              24,000.00          334.69
                  14  WOODCLIFF DRIVE                Owner Occupied           8.96           23,891.31          11.300
                  SIMSBURY, CT 06070                 Second                 10/06/2007      268,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  38      Page Balance:   $620,750.93    Generated By: Dmenegus
<PAGE>   41
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7101332         NEWMAN                             One to Four Family     180              40,000.00          467.28
                  33  WINFIELD COURT                 Owner Occupied          18.18           39,916.05          11.500
                  NORWALK, CT 06855                  Second                 10/08/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101340         SMITH                              One to Four Family     360              96,000.00          878.15
                  106  DICKINSON AVENUE              Owner Occupied          72.18           95,961.85          10.500
                  TOMS RIVER, NJ 08753               First                  10/08/2027      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101345         TRIPLETT                           One to Four Family     180              62,100.00          744.90
                  113  RACHEL COURT                  Owner Occupied          42.89           61,975.58          11.990
                  BOONE, NC 28607                    Second                 10/07/2012      144,800.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101348         YNSUELA                            One to Four Family     180              85,000.00          966.11
                  2717  WEST FOXHILL LANE            Owner Occupied          44.74           84,813.06          11.000
                  CAMILLUS, NY 13031                 First                  10/07/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101451         LAWSON                             One to Four Family     180              18,000.00          239.59
                  12  NAGLE LANE                     Owner Occupied          11.25           17,970.26          13.990
                  CENTRAL ISLIP, NY 11722            Second                 09/26/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101596         BARONE                             One to Four Family     180              36,800.00          451.18
                  10844  WEST MICHAEL DRIVE          Owner Occupied          80.00           36,657.44          12.400
                  SUN CITY, AZ 85373                 First                  10/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101602         DACOSTA                            One to Four Family     180              15,000.00          170.40
                  686  CHACE STREET                  Owner Occupied          10.71           14,966.97          10.990
                  SOMERSET, MA 02726                 Second                 10/14/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101621         JOHNSON                            One to Four Family     180              10,000.00          116.82
                  10116  WEST IRVING STREET          Owner Occupied           7.46            9,979.01          11.500
                  BOISE, ID 83704                    Second                 10/15/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101649         SHERMAN                            One to Four Family     240              41,000.00          395.39
                  899  MASTERS ROAD                  Owner Occupied          65.08           40,945.94           9.990
                  SKANEATELES FALLS, NY 13153        First                  10/06/2017       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101650         SKINNER                            One to Four Family     240              26,000.00          292.65
                  921  KIMBERLY WAY                  Owner Occupied          15.76           25,949.61          12.350
                  STEVENSVILLE, MD 21666             Second                 09/29/2017      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101656         WALKER                             One to Four Family     180              35,000.00          396.71
                  OUTE 1, BOX 184                    Owner Occupied          42.17           34,922.67          10.950
                  SHEPHERDSTOWN, WV 25443            First                  10/07/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101658         WIDMAN                             One to Four Family     240              55,000.00          558.38
                  545  IRVING PLACE                  Owner Occupied          32.35           54,932.71          10.750
                  BALDWIN, NY 11510                  Second                 10/10/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  39      Page Balance:   $518,991.15    Generated By: Dmenegus
<PAGE>   42
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7101659         WILSEY                             One to Four Family     240              45,500.00          485.23
                  1  CLOVERLEAF DRIVE                Owner Occupied          35.27           45,450.81          11.500
                  TOWN OF WARRENSBURG, NY 12885      Second                 10/10/2017      129,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101783         MONTALBO                           One to Four Family     180             135,000.00        1,362.70
                  304  BAYLEAF DRIVE                 Owner Occupied          90.00          134,876.33          11.750
                  GOLDSBOROR, NC 27534               First                  09/01/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101817         ALLEN                              One to Four Family     120              55,000.00          763.87
                  18112  N LAWN                      Owner Occupied          64.71           54,749.46          11.200
                  DETROIT, MI 48221                  First                  10/13/2007       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101818         BOETTGER                           One to Four Family     180              50,000.00          464.86
                  7823  EDSEL LANE                   Owner Occupied          67.57           49,980.97          10.700
                  LOUISVILLE, KY 40291               First                  10/10/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101820         CARTY                              One to Four Family     360              84,000.00          752.73
                  11  SUNRISE DRIVE                  Owner Occupied          42.42           83,964.77          10.250
                  STONY POINT, NY 10980              First                  10/16/2027      198,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101822         GROVES                             One to Four Family     180              36,400.00          338.42
                  205  EAST LYTLE                    Owner Occupied          70.00           36,386.15          10.700
                  FOSTORIA, OH 44330                 First                  10/13/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101826         LEVY                               One to Four Family     180              45,000.00          483.30
                  7  HOLLOW OAK LANE                 Owner Occupied          17.65           44,891.33           9.990
                  BROOKFIELD, CT 06804               First                  10/15/2012      255,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101828         PIERSON                            One to Four Family     240              39,000.00          402.29
                  138  LAKEBRIDGE DRIVE NOR          Owner Occupied          16.25           38,954.88          10.990
                  KINGS PARK (SMITHTOW, NY 11754     Second                 10/16/2017      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102025         BRAXTON                            One to Four Family     180              43,500.00          550.09
                  574  MASON STREET                  Owner Occupied          22.31           43,420.80          12.990
                  BROOKLYN, NY 11233                 Second                 10/16/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102039         JACKSON                            One to Four Family     180              56,100.00          490.25
                  322  SOUTH KENTUCKY AVENU          Owner Occupied          85.00           56,024.10           9.950
                  MARTINSBURG, WV 25410              First                  08/29/2012       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102071         KENNEDY                            One to Four Family     156              46,700.00          592.18
                  1729  LELAND                       Owner Occupied          18.83           46,573.61          11.990
                  EVANSTON, IL 60201                 Second                 10/16/2010      248,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102074         KRETT                              One to Four Family     180              13,400.00          148.12
                  1152  LEXINGTON LANE               Owner Occupied           5.61           13,369.13          10.500
                  BATAVIA, IL 60510                  Second                 10/20/2012      239,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  40      Page Balance:   $648,642.34    Generated By: Dmenegus
<PAGE>   43
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102152         DARAM                              One to Four Family     180              13,000.00          162.77
                  1601  8 3/4 STREET                 Owner Occupied          20.47           12,975.90          12.800
                  ALMENA, WI 54805                   Second                 10/17/2012       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102160         MACEK                              One to Four Family     180             116,800.00        1,237.50
                  800  DORMAN DRIVE                  Owner Occupied          80.00          116,769.43          12.400
                  STREAMWOOD, IL 60107               First                  10/10/2012      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102170         VANRHEEN                           One to Four Family     360              35,000.00          333.05
                  1019  EAST MILTON                  Owner Occupied          67.31           34,974.87          10.990
                  HAZEL PARK, MI 48030               First                  08/21/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102177         CECCHINATO                         One to Four Family     240              46,000.00          474.49
                  148  BAYBERRY DRIVE                Owner Occupied          18.25           45,946.79          10.990
                  THOMASTON, CT 06787                Second                 10/17/2017      252,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102297         LYONS                              One to Four Family     180              41,150.00          435.99
                  79  SEMINOLE COURT                 Owner Occupied          69.86           41,139.23          12.400
                  FORT MEYERS, FL 33916              First                  09/11/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102298         MURPH IV                           One to Four Family     180              39,200.00          395.69
                  1336  TIOGA AVENUE                 Owner Occupied          70.00           39,176.17          11.750
                  CLEARWATER, FL 34616               First                  09/01/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102301         REID                               One to Four Family     240              10,950.00          115.27
                  8409  N. MISSIONWOOD CIRCL         Owner Occupied          15.00           10,937.84          11.300
                  MIRAMAR, FL 33025                  Second                 10/16/2017       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102302         REIO                               One to Four Family     180              63,810.00          641.67
                  5968  5TH STREET S                 Owner Occupied          90.00           63,790.16          11.700
                  ST. PETERSBURG, FL 33705           First                  09/02/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102305         STEVENS                            One to Four Family     180              37,800.00          465.89
                  2307  HARDING STREET               Owner Occupied          60.00           37,727.86          12.500
                  HOLLYWOOD, FL 33020                First                  07/22/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102357         PALAFOX                            One to Four Family     180              33,000.00          374.87
                  2320  ORLANDO DR                   Owner Occupied          14.35           32,927.36          10.990
                  SAN JOSE, CA 95122                 Second                 10/17/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102358         ROCHA                              One to Four Family     180              20,000.00          252.92
                  2795  OTHELLO DR                   Owner Occupied          11.11           19,963.58          12.990
                  SAN JOSE, CA 95122                 Second                 10/14/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102359         SIMS                               One to Four Family     180              83,000.00          942.85
                  1729  GRANT AVE                    Owner Occupied          88.30           82,817.29          10.990
                  OGDEN, UT 84404                    First                  10/14/2012       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  41      Page Balance:   $539,146.48    Generated By: Dmenegus
<PAGE>   44
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102361         VIALPANDO                          One to Four Family     180              65,800.00          674.30
                  1816  SIMMONS ROAD                 Owner Occupied          70.00           65,780.96          11.950
                  ESPANOLA, NM 87532                 First                  10/14/2012       94,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102362         WEBB                               One to Four Family     180              62,400.00          641.37
                  906  RAIBLE AVE                    Owner Occupied          80.00           62,350.36          11.990
                  ANDERSON, IN 46011                 First                  10/06/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102383         FINLEY                             One to Four Family     180              40,000.00          329.08
                  1441  E. 75TH STREET               Owner Occupied          72.73           39,851.37           9.250
                  KANSAS CITY, MO 64132              First                  04/30/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102391         HARRIS                             One to Four Family     180              32,000.00          368.76
                  16099  SARASOTA STREET             Owner Occupied          80.00           31,861.84          11.250
                  SPRING HILL, FL 34609              First                  09/30/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102393         HINES                              One to Four Family     360              22,000.00          295.67
                  2528  NW 24TH ST.                  Owner Occupied          45.83           21,992.34          15.990
                  NEW CASTLE, OK 73065               First                  07/30/2027       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102410         MOODY                              One to Four Family     180             192,600.00        1,863.35
                  4830  HIGHLANDS DRIVE              Owner Occupied          90.00          192,467.89          11.200
                  LAKELAND, FL 33813                 First                  08/30/2012      214,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102422         ROBINSON                           One to Four Family     180              22,500.00          279.11
                  620  THIEME                        Owner Occupied          75.00           22,421.20          14.700
                  GRAIN VALLEY, MO 64029             First                  09/30/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102425         SAUER                              One to Four Family     180              97,200.00          925.66
                  30  MAPLE LANE                     Owner Occupied          90.00           97,165.34          11.000
                  MYERSTOWN, PA 17067                First                  08/13/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102433         TERRY                              One to Four Family     180              66,500.00          683.52
                  94  SECOND STREET                  Owner Occupied          70.07           66,461.67          11.990
                  HAMDEN, CT 06514                   First                  07/22/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102478         LEWIS                              One to Four Family     240              40,800.00          477.72
                  1611  E IDELL ST                   Owner Occupied          60.00           40,690.65          12.990
                  TAMPA, FL 33604                    First                  08/06/2017       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102487         ALLEN                              One to Four Family      60              48,800.00          539.44
                  80  KIRK ROAD                      Owner Occupied          80.00           48,788.82          12.990
                  CARTERSVILLE, GA 30184             First                  09/19/2002       65,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102490         BURNS                              One to Four Family     120              15,000.00          215.11
                  4423  INLETT ROAD                  Owner Occupied          12.93           14,868.88          11.990
                  MARIETTA, GA 30066                 Second                 08/01/2007      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  42      Page Balance:   $704,701.32    Generated By: Dmenegus
<PAGE>   45
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102492         CARTER                             One to Four Family     240             104,135.00        1,039.66
                  280  CONCORD ROAD                  Owner Occupied          69.42          103,876.79          10.500
                  FLETCHER, NC 28732                 First                  09/01/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102493         COPELAND                           One to Four Family     120              46,400.00          441.53
                  99  LUTIE STREET                   Owner Occupied          80.00           46,383.42          10.990
                  NASHVILLE, TN 37210                First                  09/15/2007       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102497         DOOLEY                             One to Four Family     180              42,000.00          503.79
                  383  MOORE CIRCLE                  Owner Occupied          70.00           41,894.65          11.990
                  KINGSTON SPRINGS, TN 37082         First                  08/21/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102508         ROBINSON                           One to Four Family     180              27,500.00          329.87
                  2618  JENKINS COURT                Owner Occupied          52.88           27,444.90          11.990
                  NASHVILLE, TN 37206                First                  08/15/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102510         STEPHENS                           One to Four Family     180             136,850.00        1,251.82
                  1211  SOUTH GRAYCROFT AVE.         Owner Occupied          85.00          136,747.44          10.500
                  MADISON, TN 37115                  First                  08/11/2012      161,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102511         THOMAS                             One to Four Family     120              27,414.00          393.15
                  126  COTTON INDIAN TRAIL           Owner Occupied          27.14           27,174.26          11.990
                  STOCKBRIDGE, GA 30281              Second                 09/01/2007      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102512         WALLS                              One to Four Family     180              39,495.03          438.83
                  2383  WARREN STREET                Owner Occupied          73.14           39,401.45          10.490
                  MEMPHIS, TN 38106                  First                  09/22/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102514         WILLIAMS                           One to Four Family     180              19,440.00          223.33
                  7565  LOOXAHOMA TYRO ROAD          Owner Occupied          18.34           19,394.57          10.990
                  SENATOBIA, MS 38668                Second                 09/12/2012      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102520         ROBINSON                           One to Four Family     180              11,000.00          135.58
                  5605  OLD MISSION ROAD             Owner Occupied          14.47           10,979.00          12.500
                  CHATTANOOGA, TN 37411              Second                 10/19/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102529         HUYNH                              One to Four Family     360              86,400.00          787.11
                  111  DAYTON ROAD                   Owner Occupied          80.00           86,365.29          10.450
                  OAK RIDGE, TN 37830                First                  10/03/2027      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102569         CLINE                              One to Four Family     360              27,950.00          266.18
                  2401  BROADVIEW STREET             Owner Occupied          46.58           27,940.03          11.000
                  GREENVILLE, TX 75402               First                  11/01/2027       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102594         FRANCE                             One to Four Family     240              67,700.00          698.33
                  5  LEOMINSTER STREET               Owner Occupied          28.81           67,493.11          10.990
                  WESTMINSTER, MA 01473              Second                 10/09/2017      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  43      Page Balance:   $635,094.91    Generated By: Dmenegus
<PAGE>   46
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102595         PHOENIX                            One to Four Family     180              15,000.00          222.93
                  134  BUTTONWOOD STREET             Owner Occupied          21.43           14,960.13          16.250
                  MT. HOLLY, NJ 08086                Second                 09/03/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102729         GLOVER                             One to Four Family     180              44,600.00          458.42
                  215  SOUTH C STREET                Owner Occupied          74.96           44,587.21          11.990
                  GAS CITY, IN 46933                 First                  10/10/2012       59,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109500         ATLAS                              One to Four Family     120              50,000.00          731.89
                  459  SNAKE DEN RD.                 Owner Occupied          15.87           48,770.34          12.500
                  WEST MILFORD TWP., NJ 07480        Second                 07/01/2007      315,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109505         DEBLOCK                            One to Four Family     180              91,000.00          970.50
                  7  HOPPER STREET                   Owner Occupied          36.40           90,953.08          12.490
                  OAKLAND, NJ 07436                  First                  04/04/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109511         KARPINSKI                          One to Four Family     180              35,000.00          373.27
                  104  GROVE STREET                  Owner Occupied          25.36           34,981.95          12.490
                  SOMERVILLE, NJ 08876               Second                 09/24/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109527         WARNER                             One to Four Family     180              40,000.00          492.75
                  157  2ND AVENUE                    Owner Occupied          51.28           39,748.26          12.490
                  FLORENCE TOWNSHIP, NJ 08554        First                  07/28/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109528         DRESS, JR                          One to Four Family     180              50,000.00          615.94
                  10  GLOUCESTER COURT               Owner Occupied          38.46           49,904.48          12.490
                  TWP OF EASTHAMPTON, NJ 08060       Second                 10/14/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7100043         FISHER                             One to Four Family     180              41,500.00          442.91
                  1816  CHILTON STREET               Owner Occupied          63.85           41,489.38          12.500
                  BALTIMORE, MD 21218                First                  10/20/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100145         FERNHOLZ                           One to Four Family     180             129,600.00        1,214.67
                  544  KENORA DRIVE                  Owner Occupied          80.00          129,600.00          10.800
                  MILLERSVILLE, MD 21108             First                  11/03/2012      162,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100150         HILL                               One to Four Family     180             119,000.00        1,097.45
                  2719  ARNOLD ROAD                  Owner Occupied          85.00          119,000.00          10.600
                  LEXINGTON, NC 27292                First                  11/03/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100151         MASSEY                             One to Four Family     180              71,400.00          951.53
                  904  STUBBLEFIELD LANE             Owner Occupied          64.97           71,391.54          15.850
                  BALTIMORE, MD 21202                First                  10/24/2012      109,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100153         HOFFMAN                            One to Four Family     180              35,000.00          363.37
                  1743  WESTON AVE                   Owner Occupied          38.04           35,000.00           9.400
                  PARKVILLE, MD 21234                First                  11/03/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  44      Page Balance:   $720,386.37    Generated By: Dmenegus
<PAGE>   47
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
AD7100154         LANDRUM                            One to Four Family     240              54,400.00          517.78
                  10104  HILGERT DRIVE               Owner Occupied          80.00           54,400.00           9.800
                  CLEVELAND, OH 44104                First                  11/03/2017       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100155         ALSTON                             One to Four Family     180              80,000.00          830.56
                  17  SHARROW CT                     Owner Occupied          80.00           80,000.00           9.400
                  BALTIMORE, MD 21244                First                  11/03/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100157         CHISHOLM                           One to Four Family     180              15,000.00          185.86
                  1010  S. 55TH STREET               Owner Occupied          50.00           15,000.00          12.600
                  PHILADELPHIA, PA 19143             First                  11/03/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100159         WRIGHT                             One to Four Family     120              36,000.00          497.94
                  7408  CEDON ROAD                   Owner Occupied          70.59           36,000.00          11.100
                  WOODFORD, VA 22580                 First                  11/03/2007       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100160         SCHULTE                            One to Four Family     180              27,500.00          357.04
                  7507  MELTON CT                    Owner Occupied          20.37           27,500.00          13.500
                  GAINESVILLE, VA 20155              Second                 11/03/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7100164         KEE                                One to Four Family     180              44,100.00          634.10
                  1612  CHESAPEAKE PLACE             Owner Occupied          70.00           44,100.00          17.150
                  PHILADELPHIA, PA 19122             First                  11/04/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7080360         KRETSCHMER                         One to Four Family     180              66,400.00          624.83
                  862  OVIEDO ROAD                   Owner Occupied          78.47           66,400.00          10.850
                  LADY LAKE, FL 32159                First                  11/06/2012       84,623.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090061         CASILLA                            One to Four Family     180              50,000.00          517.60
                  20817  SOUTHWEST 85TH PLACE        Owner Occupied          32.68           50,000.00           9.350
                  MIAMI, FL 33189                    First                  11/06/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090502         THEIRSE JR                         One to Four Family     120              26,000.00          365.55
                  383  COUNTY LINE ROAD              Owner Occupied          56.52           26,000.00          11.500
                  CROSS, SC 29436                    First                  11/06/2007       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100072         WERTMAN                            One to Four Family     240              33,000.00          325.05
                  6030  HAZELWOOD DRIVE              Owner Occupied          55.00           33,000.00          10.300
                  ZEPHYRHILLS, FL 33541              First                  11/02/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100084         BOUTIN                             One to Four Family     360              84,800.00          782.05
                  82  POINT OF WOODS DRIVE           Owner Occupied          80.00           84,800.00          10.600
                  PALM COAST, FL 32164               First                  11/09/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100213         HARGROVE                           One to Four Family     180              55,000.00          494.91
                  814  BUTHUNE DRIVE                 Owner Occupied          73.33           55,000.00          10.300
                  ORLANDO, FL 32805                  First                  11/06/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  45      Page Balance:   $572,200.00    Generated By: Dmenegus
<PAGE>   48
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7064498         DETERS                             One to Four Family     180              96,000.00          936.06
                  11350  CIRCLE DRIVE                Owner Occupied          80.00           95,902.91          11.300
                  BLUE GRASS, IA 52726               First                  09/01/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7083579         WILKERSON                          One to Four Family     360              55,800.00          530.97
                  890  NORTH HATHAWAY  AVEN          Owner Occupied          90.00           55,719.15          10.990
                  BRONSON, FL 32621                  First                  07/23/2027       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7085171         BELL                               One to Four Family     360              67,200.00          644.54
                  10770  WEST OLD CUTLER             Owner Occupied          80.00           67,176.50          11.090
                  MIAMI, FL 33170                    First                  10/03/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7085757         GILPIN                             One to Four Family     360             173,600.00        1,587.99
                  714  TUNG HILL ROAD                Owner Occupied          78.91          173,172.57          10.500
                  TALLAHASSEE, FL 32311              First                  10/01/2027      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090114         SANDERS                            One to Four Family     180              25,497.00          322.42
                  2604  AUSTIN VILLAGE BLVD          Owner Occupied          28.33           25,355.73          12.990
                  JOHNSON CITY, TN 37601             Second                 08/12/2012       90,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090115         WILLIAMS                           One to Four Family     180              63,680.00          728.90
                  OT 30 STERLING DR                  Owner Occupied          77.66           63,626.99          13.490
                  HAWKINSVILLE, GA 31036             First                  08/01/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095350         PUREFOY SR                         One to Four Family     180              33,900.00          374.73
                  2635  DAIRYLAND ROAD               Owner Occupied          75.33           33,743.11          10.500
                  HILLSBOROUGH, NC 27278             First                  10/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095445         ALEXANDER                          One to Four Family     180              60,800.00          609.07
                  221  WOODDALE STREET               Owner Occupied          80.00           60,800.00          11.650
                  MARYVILLE, TN 37801                First                  11/07/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095531         KIRK                               One to Four Family     120              15,750.00          235.07
                  1477  SPENCER STREET               Owner Occupied          75.00           15,685.42          12.990
                  OMAHA, NE 68110                    First                  10/15/2007       21,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095670         WATKINS                            One to Four Family     180              51,199.00          584.02
                  1102  28TH STREET SOUTHEAS         Owner Occupied          80.00           51,199.00          13.440
                  CLEVELAND, TN 37323                First                  11/06/2012       64,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7095733         CAMPBELL                           One to Four Family     180              52,000.00          595.62
                  244  LAWRENCE DRIVE                Owner Occupied          80.00           51,989.38          13.500
                  RINGGOLD, GA 30736                 First                  11/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095741         HURT                               One to Four Family     180             115,584.00        1,379.72
                  OUTE 3 RUTLEDGE BOX                Owner Occupied          42.03          115,584.00          11.900
                  GRAINGER, TN 37861                 First                  11/04/2012      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  46      Page Balance:   $809,954.76    Generated By: Dmenegus
<PAGE>   49
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7095899         GOLDEN                             One to Four Family     180              27,463.00          342.07
                  557  CHEROKEE AVENUE               Owner Occupied          56.05           27,463.00          12.700
                  CLINTON, TN 37716                  First                  11/05/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100608         LOPEZ                              One to Four Family     180              75,000.00          799.87
                  2473  SW 14 STREET                 Owner Occupied          63.56           74,961.30          12.490
                  MIAMI, FL 33145                    First                  09/24/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101390         NOE                                One to Four Family     180             113,600.00        1,319.09
                  3176  WEST ROXBURY DRIVE           Owner Occupied          80.00          113,555.43          13.700
                  LEXINGTON, KY 40503                First                  09/05/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101862         BROWN                              One to Four Family     180              72,400.00          634.83
                  1109  NW 107TH AVENUE              Owner Occupied          80.00           72,335.53           9.990
                  PEMBROKE PINES, FL 33026           First                  09/26/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101916         JONES                              One to Four Family     180             100,000.00        1,331.07
                  1604  1610 EAST 82ND AVENU         Owner Occupied          45.45           99,667.60          13.990
                  CHICAGO, IL 60617                  First                  10/01/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101964         RUIZ                               One to Four Family     180              23,850.00          232.38
                  490  BONAVENTURE BLVD              Owner Occupied          12.89           23,842.01          11.290
                  FT. LAUDERDALE, FL 33326           Second                 09/15/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102363         ALFORD                             One to Four Family     180              72,000.00          863.66
                  803  EDGEHILL ROAD                 Owner Occupied          80.00           71,710.04          11.990
                  RICHMOND, VA 23222                 First                  09/30/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102364         AMUSO                              One to Four Family     180             135,000.00        1,387.59
                  90  FOLSOM PLACE                   Owner Occupied          89.70          134,922.19          11.990
                  DURANGO, CO 81301                  First                  09/30/2012      150,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102367         BOURNE                             One to Four Family     240              25,000.00          292.01
                  910  NORTH 63RD STREET             Owner Occupied          30.12           24,939.26          12.950
                  LINCOLN, NE 68505                  Second                 09/30/2017       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102369         BROWN                              One to Four Family     240             120,150.00        1,240.18
                  195  MCHARRIS ROAD                 Owner Occupied          90.00          119,871.12          11.000
                  MADISON, MS 39110                  First                  09/30/2017      133,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102370         BROWN                              One to Four Family     360              75,600.00          646.75
                  8103  ROCKY GAP ROAD               Owner Occupied          90.00           75,528.41           9.700
                  LOUISVILLE, KY 40214               First                  09/23/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102371         CAMPBELL                           One to Four Family     180              21,600.00          266.93
                  2941  S.W. 11                      Owner Occupied          80.00           21,517.51          12.550
                  OKLAHOMA CITY, OK 73108            First                  09/30/2012       27,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  47      Page Balance:   $860,313.40    Generated By: Dmenegus
<PAGE>   50
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102373         COX                                One to Four Family     120              18,000.00          265.06
                  310  HELMER STREET                 Owner Occupied          60.00           17,848.59          12.650
                  SIOUX CITY, IA 51103               First                  09/30/2007       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102385         FRAZIER                            One to Four Family     180             109,500.00          985.31
                  821  EAST 300 SOUTH                Owner Occupied          75.00          109,408.73          10.300
                  SPANISH FORK, UT 84660             First                  08/30/2012      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102387         GILLIAM                            One to Four Family     180              31,500.00          398.35
                  1824  NORTHWEST 32 ND              Owner Occupied          70.00           31,442.64          12.990
                  OKLAHOMA CITY, OK 73118            First                  09/30/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102389         GREEN                              One to Four Family     180             109,350.00          975.83
                  1207  RAY AVE EXT N.E              Owner Occupied          90.00          109,256.90          10.200
                  NEW PHILADELPHIA, OH 44663         First                  09/29/2012      121,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102390         GREENHALGH                         One to Four Family     180              19,000.00          213.90
                  730  NORTH 500 WEST                Owner Occupied          17.43           18,995.89          13.250
                  BRIGHAM CITY, UT 84302             Second                 04/03/2012      109,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102396         JARAMILLO                          One to Four Family     180              21,000.00          251.37
                  232  57TH STREET NW                Owner Occupied          30.00           20,957.75          11.950
                  ALBUQUERQUE, NM 87105              First                  09/17/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102399         KAPSIMALIS                         One to Four Family     180              94,500.00          950.27
                  5509  SOUTH WESTSIDE DRIVE         Owner Occupied          90.00           94,471.10          11.700
                  KEARNS, UT 84118                   First                  09/04/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102402         LUTHER                             One to Four Family     180             133,500.00        1,206.24
                  520  CEMETARY ROAD                 Owner Occupied          75.00          133,445.20          10.350
                  KASON, MN 55944                    First                  08/30/2012      178,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102403         MARVEL                             One to Four Family     180              79,208.00          879.30
                  1934  NE NORTHGATE WAY             Owner Occupied          39.31           79,190.09          13.050
                  SEATTLE, WA 98125                  Second                 09/29/2012      201,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102421         PHILLIPS                           One to Four Family     180             115,200.00        1,079.71
                  15022  CALIFORNIA CIRCLE           Owner Occupied          80.00          115,113.79          10.800
                  OMAHA, NE 68154                    First                  09/30/2012      144,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102543         GREEN                              One to Four Family     180             140,000.00        1,332.20
                  1212  TANGLE LANE                  Owner Occupied          80.00          139,949.97          10.990
                  HIGH POINT, NC 27265               First                  10/16/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102854         BALLEW                             One to Four Family     240              10,850.00          115.26
                  208  SUMMERFIELD LANE              Owner Occupied          11.79           10,838.18          11.440
                  MCDONOUGH, GA 30253                Second                 10/08/2017       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  48      Page Balance:   $880,918.83    Generated By: Dmenegus
<PAGE>   51
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102855         BARBARY                            One to Four Family     180             131,250.00        1,399.76
                  1915  EAST 21STREET AVENUE         Owner Occupied          75.00          131,216.33          12.490
                  DENVER, CO 80205                   First                  10/06/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102856         BARKER, JR.                        One to Four Family     180              65,450.00          647.65
                  1044  GENEVA AVENUE                Owner Occupied          85.00           65,429.03          11.490
                  COLUMBUS, OH 43223                 First                  10/09/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102857         BATRON                             One to Four Family     180              11,500.00          141.67
                  407  BELL AVENUE                   Owner Occupied          12.78           11,478.03          12.490
                  HENDERSON, NV 89015                Second                 10/08/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102859         BENTLEY                            One to Four Family     180              89,600.00          812.25
                  1717  WEST MONTEROSA STREE         Owner Occupied          80.00           89,563.54          10.390
                  PHOENIX, AZ 85015                  First                  10/17/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102861         BLAKELY                            One to Four Family     180              50,000.00          537.00
                  7444  SOUTH MERRILL AVENUE         Owner Occupied          34.72           49,879.25           9.990
                  CHICAGO, IL 60649                  Second                 10/14/2012      144,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102862         BLEDSOE                            One to Four Family     180              87,700.00        1,023.95
                  5290  HIGHWAY 194                  Owner Occupied          89.95           87,515.78          11.490
                  ROSEVILLE, TN 38066                First                  10/06/2012      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102863         BODIFORD                           One to Four Family     180              55,250.00          584.97
                  64  JOHN HOWELL ROAD               Owner Occupied          85.00           55,113.48           9.740
                  POCAHONTAS, TN 38061               First                  10/15/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102864         BOGART                             One to Four Family     180              44,000.00          418.69
                  128  CHRISTINE CIRCLE              Owner Occupied          53.66           43,984.28          10.990
                  SATELLITE BEACH, FL 32937          First                  10/01/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102865         BRAUN                              One to Four Family     180              37,600.00          357.79
                  1741  FAIRFAX ROAD                 Owner Occupied          84.73           37,600.00          10.990
                  TOLEDO, OH 43613                   First                  10/02/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102868         BROWN                              One to Four Family     180              85,600.00          750.57
                  830  ARIZONA AVENUE                Owner Occupied          80.00           85,562.05           9.990
                  FT. LAUDERDALE, FL 33312           First                  10/14/2012      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102869         BROWN                              One to Four Family     180              72,000.00          712.47
                  5629  BROOKLYN AVENUE              Owner Occupied          90.00           71,953.64          11.490
                  SARASOTA, FL 34231                 First                  10/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102870         BROWN                              One to Four Family     180              32,000.00          324.00
                  732  MERCEDES DRIVE                Owner Occupied          80.00           31,980.71          11.790
                  DAYTONA BEACH, FL 32114            First                  10/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  49      Page Balance:   $761,276.12    Generated By: Dmenegus
<PAGE>   52
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102871         BROWN                              One to Four Family     180              36,000.00          417.74
                  29641  SW 158 PLACE                Owner Occupied          38.71           35,992.70          13.690
                  MIAMI, FL 33033                    Second                 10/14/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102872         BRUMBAUGH                          One to Four Family     180              42,000.00          399.66
                  1115  ROSLYN AVENUE SW             Owner Occupied          70.00           41,984.65          10.990
                  CANTON, OH 44710                   First                  10/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102873         BRYAN                              One to Four Family     180              83,850.00          797.89
                  31849  CARRIAGE HOUSE ROAD         Owner Occupied          89.97           83,789.80          10.990
                  ZEPHYRHILLS, FL 33543              First                  09/12/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102875         BURROWS                            One to Four Family     180             168,000.00        1,350.56
                  5050  EAST PLEASANT RUN PA         Owner Occupied          80.00          167,908.04           8.990
                  INDIANAPOLIS, IN 42201             First                  09/09/2012      210,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102876         COGLAITI                           One to Four Family     180              91,800.00          873.54
                  14677  83RD LANE NORTH             Owner Occupied          90.00           91,767.19          10.990
                  LOXAHATCHEE, FL 33470              First                  10/07/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102877         COX                                One to Four Family     240              49,200.00          474.47
                  5  CHRISTOPHER DRIVE               Owner Occupied          80.00           48,943.12           9.990
                  SWAINSBORO, GA 30401               First                  10/01/2017       61,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102878         CROWE                              One to Four Family     180              24,500.00          251.83
                  108  SOUTH 34TH STREET             Owner Occupied          70.00           24,450.92          11.990
                  UNDEN, TN 40212                    First                  10/14/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102879         CROWE                              One to Four Family     180              26,600.00          273.41
                  3405  WEST MARKET                  Owner Occupied          70.00           26,420.57          11.990
                  UNDEN, TN 40212                    First                  10/14/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102883         DE LA ROSA                         One to Four Family     180              25,000.00          306.35
                  641  SW 93 COURT                   Owner Occupied          26.04           24,951.78          12.390
                  MIAMI, FL 33174                    Second                 10/20/2012       96,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102886         DRYDEN                             One to Four Family     180              55,800.00          526.77
                  5813  RAE AVENUE                   Owner Occupied          90.00           55,779.62          10.890
                  WEST PALM BEACH, FL 33407          First                  10/02/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102887         DUKES                              One to Four Family     180              45,000.00          598.99
                  21020  NW 30 AVENUE                Owner Occupied          60.00           44,924.62          13.990
                  MIAMI, FL 33056                    First                  10/15/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102889         EARL                               One to Four Family     180              84,000.00          736.54
                  609  WESTWOOD AVENUE               Owner Occupied          80.00           83,962.76           9.990
                  HIGHPOINT, NC 27262                First                  10/15/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  50      Page Balance:   $730,875.77    Generated By: Dmenegus
<PAGE>   53
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102892         ELLIS                              One to Four Family     180              61,500.00          777.72
                  4360  EAST SANTOVITO STREE         Owner Occupied          75.00           61,388.02          12.990
                  PAHRUMP, NV 89041                  First                  10/07/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102893         ERVIN                              One to Four Family     180              76,500.00          821.61
                  2534  CHASE STREET                 Owner Occupied          85.00           76,306.86           9.990
                  EDGEWATER, CO 80214                First                  10/20/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102894         FELLING                            One to Four Family     180             164,800.00        1,630.75
                  133  COCO PLUM DRIVE #15           Owner Occupied          80.00          164,693.91          11.490
                  MARATHON, FL 33050                 First                  10/01/2012      206,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102896         FLANAGAN                           One to Four Family     180              37,900.00          402.73
                  199  HIGHWAY 50 EAST               Owner Occupied          84.41           37,890.17          12.440
                  CENTERVILLE, TN 37033              First                  10/03/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102897         FLEETWOOD                          One to Four Family     180              42,800.00          375.29
                  2348  ROBINSON ROAD                Owner Occupied          71.93           42,761.88           9.990
                  KNOXVILLE, TN 37923                First                  10/01/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102898         FONTENOT                           One to Four Family     180              45,000.00          459.07
                  4417  NORTH 36TH DRIVE             Owner Occupied          66.67           44,986.81          11.890
                  PHOENIX, AZ 85019                  First                  10/17/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102899         FREDIANELLI                        One to Four Family     360              48,600.00          469.46
                  16411  NOVARA                      Owner Occupied          90.00           48,583.33          11.180
                  DETROIT, MI 48205                  First                  10/08/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102900         FREEMAN                            One to Four Family     240              45,000.00          476.49
                  1375  EARL DRIVE                   Owner Occupied          29.03           44,950.13          11.390
                  RENO, NV 89503                     Second                 10/13/2017      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102901         FUNG                               One to Four Family     180             102,600.00        1,046.68
                  1065  MEMORY LANE                  Owner Occupied          90.00          102,569.91          11.890
                  LAWRENCEVILLE, GA 30044            First                  10/14/2012      114,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102902         GALLEGOS                           One to Four Family     180              44,800.00          474.32
                  3802  NORTH 56TH DRIVE             Owner Occupied          70.00           44,788.24          12.390
                  PHOENIX, AZ 85031                  First                  10/10/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102903         GEARHART                           One to Four Family     180              39,750.00          422.39
                  3633  EAST 53RD STREET             Owner Occupied          75.00           39,739.69          12.440
                  CLEVELAND, OH 44105                First                  10/10/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102904         GITTINGER                          One to Four Family     180              34,700.00          421.89
                  457  EGLESTON                      Owner Occupied          69.96           34,691.11          14.390
                  KALAMAZOO, MI 49001                First                  10/15/2012       49,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  51      Page Balance:   $743,350.06    Generated By: Dmenegus
<PAGE>   54
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102906         GONZALEZ                           One to Four Family     240              25,000.00          236.97
                  890  EAST 10 AVENUE                Owner Occupied          18.05           24,965.95           9.740
                  HIALEAH, FL 33010                  Second                 10/17/2017      138,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102908         GOULETTE                           One to Four Family     180              60,000.00          570.95
                  2409  NORTH RANSOM ROAD            Owner Occupied          75.00           59,956.90          10.990
                  BRECKENRIDGE, MI 48615             First                  09/24/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102912         HAGGARD                            One to Four Family     180              18,000.00          200.54
                  5183  BUCHANAN HIGHWAY             Owner Occupied          19.35           17,917.76          10.640
                  TEMPLE, GA 30179                   Second                 09/15/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102913         HAKEOS                             One to Four Family     180              22,750.00          282.03
                  1148  SOUTH AVENUE                 Owner Occupied          65.00           22,746.47          14.690
                  TOLEDO, OH 43609                   First                  10/15/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102914         HALES                              One to Four Family     240              25,200.00          264.24
                  16  HELMKEN ST.                    Owner Occupied          70.00           25,086.04          11.240
                  SAVANNAH, GA 31401                 First                  10/17/2017       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102915         HANNA                              One to Four Family     180              92,700.00          882.11
                  1119  NW 41 TERRACE                Owner Occupied          90.00           92,666.87          10.990
                  FT. LAUDERDALE, FL 33313           First                  10/10/2012      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102916         HARDEGREE                          One to Four Family     240              22,800.00          258.88
                  307  CLEARWATER DRIVE              Owner Occupied          27.47           22,778.31          12.490
                  LAGRANGE, GA 30240                 Second                 10/15/2017       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102919         HENDRICKS                          One to Four Family     180             156,800.00        1,374.88
                  4224  EAST TARO LANE               Owner Occupied          80.00          156,730.48           9.990
                  PHOENIX, AZ 85024                  First                  10/08/2012      196,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102920         HERNANDEZ                          One to Four Family     180              22,000.00          256.87
                  30024  SW 153 COURT                Owner Occupied          24.44           21,953.78          11.490
                  MIAMI, FL 33033                    Second                 10/14/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102924         JACKSON                            One to Four Family     180              63,750.00          606.63
                  2855  NW 155 TERRACE               Owner Occupied          85.00           63,727.21          10.990
                  MAIMI, FL 33054                    First                  10/06/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102926         JAMES                              One to Four Family     180              58,500.00          794.46
                  10053  SOUTH PRAIRIE               Owner Occupied          65.00           58,401.51          14.390
                  CHICAGO, IL 60628                  First                  10/06/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102928         JENKINS                            One to Four Family     180              63,750.00          655.25
                  2003  KINGHTSBRIDGE ROAD           Owner Occupied          75.00           63,731.72          11.990
                  MACON, GA 31211                    First                  10/10/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  52      Page Balance:   $630,663.00    Generated By: Dmenegus
<PAGE>   55
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7102929         JOHNSON                            One to Four Family     180              46,500.00          442.48
                  3722  2ND STREET SE                Owner Occupied          75.00           46,466.61          10.990
                  CANTON, OH 44707                   First                  10/01/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102930         KELLER                             One to Four Family     180              77,000.00          845.16
                  485  487 CROUSE ST                 Owner Occupied          70.00           76,981.95          12.890
                  AKRON, OH 44311                    First                  10/14/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102933         LADUKE                             One to Four Family     180              77,350.00          833.94
                  9632  GOLF STATE PARK CIRC         Owner Occupied          85.00           77,330.81          12.640
                  BOCA RATON, FL 33428               First                  10/10/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102935         LASKEY                             One to Four Family     180              30,000.00          331.63
                  5429  SOUTH RIVER ROAD             Owner Occupied          49.18           29,993.12          12.990
                  JACKSONVILLE, FL 32211             First                  10/17/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102950         MCINTYRE                           One to Four Family     180              15,000.00          170.87
                  10560  NW 6 STREET                 Owner Occupied          17.05           14,967.13          11.040
                  PEMBROKE PINES, FL 33026           Second                 10/10/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102951         MCLEAN-MELVIN                      One to Four Family     180              21,000.00          245.86
                  18  ALLEN STREET                   Owner Occupied          75.00           20,956.09          11.540
                  LUMBERTON, NC 28358                First                  10/07/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102953         MERRITT                            One to Four Family     240              29,250.00          363.52
                  405  SOUTH LETITIA AVENUE          Owner Occupied          65.00           29,227.49          13.990
                  DOUGLAS, GA 31533                  First                  10/17/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102955         MOORE                              One to Four Family     180              82,000.00          874.52
                  5719  ELAINE DRIVE                 Owner Occupied          74.55           81,978.96          12.490
                  ZEPHYRHILLS, FL 33541              First                  10/17/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102957         MORRIS                             One to Four Family     180              57,800.00          506.81
                  916  CATALPA DRIVE                 Owner Occupied          85.00           57,774.38           9.990
                  MIDDLETOWN, OH 45042               First                  10/10/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102958         MULLINS                            One to Four Family     360              41,600.00          497.53
                  8095  46TH AVE. NORTH              Owner Occupied          80.00           41,585.23          14.140
                  MADEIRA BEACH, FL 33709            First                  10/01/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102960         MURSKI                             One to Four Family     180              73,150.00          751.87
                  27039  HUFFSMITH CONROE ROA        Owner Occupied          81.28           73,108.06          11.990
                  MAGNOLIA, TX 77355                 First                  10/14/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102962         NELSON                             One to Four Family     240              27,200.00          281.50
                  1401  CARSWELL AVENUE              Owner Occupied          80.00           27,168.74          11.040
                  WAYCROSS, GA 31503                 First                  10/15/2017       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  53      Page Balance:   $577,538.57    Generated By: Dmenegus
<PAGE>   56
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102963         NESBITT                            One to Four Family     180              40,800.00          439.88
                  661  EAST EMPIRE                   Owner Occupied          80.00           40,789.88          12.640
                  BENTON HARBOR, MI 49022            First                  10/03/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102964         OBIAS                              One to Four Family     180              99,200.00        1,069.51
                  1836  LEE ROAD                     Owner Occupied          80.00           99,175.40          12.640
                  CLEVEAND HEIGHTS, OH 44118         First                  10/03/2012      124,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102966         PALACIO                            One to Four Family     240             100,000.00          947.86
                  2374  NW 35 STREET                 Owner Occupied          80.00           98,915.95           9.740
                  MIAMI, FL 33142                    First                  10/06/2017      125,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7102989         SHETTLEWOOD                        One to Four Family     240              62,600.00          741.90
                  458  NW 82 TERRACE                 Owner Occupied          69.56           62,546.18          13.190
                  MIAMI, FL 33150                    First                  10/01/2017       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102993         SOMMERS                            One to Four Family     240              64,000.00          702.02
                  290  NE 118 TERRACE                Owner Occupied          75.29           64,000.00          11.940
                  MIAMI, FL 33161                    First                  10/06/2017       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103002         TANISE                             One to Four Family     180              83,300.00          724.26
                  348  NE 117 STREET                 Owner Occupied          85.00           83,262.27           9.890
                  MIAMI, FL 33161                    First                  09/12/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103012         TURDICK                            One to Four Family     180              64,000.00          677.59
                  3615  SE 1ST STREET                Owner Occupied          80.00           64,000.00          12.390
                  BOYTON BEACH, FL 33435             First                  10/08/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103013         UNDERWOOD                          One to Four Family     180              15,000.00          194.65
                  1101  NORTH CHAMBERLAIN AV         Owner Occupied          44.12           14,939.88          13.490
                  CHATTANOOGA, TN 37404              First                  10/01/2012       34,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7103014         VACHON                             One to Four Family     240             138,000.00        1,330.82
                  2520  SW 102 AVENUE                Owner Occupied          74.59          137,818.03           9.990
                  MIAMI, FL 33165                    First                  10/06/2017      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103060         HUGHES                             One to Four Family     180              24,274.00          295.24
                  2606  GARCIA ST.NE                 Owner Occupied          24.27           24,178.62          12.250
                  LOS LUNAS, NM 87112                Second                 08/28/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103067         MARR                               One to Four Family     360             105,000.00        1,019.82
                  1750  CENTRAL BOX 1083             Owner Occupied          20.19          104,275.06          11.250
                  TULAROSA, NM 88352                 Second                 08/01/2027      520,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103087         AOGA                               One to Four Family     180             102,800.00          901.39
                  16541  EAST KANSAS DRIVE           Owner Occupied          80.00          102,754.42           9.990
                  AURORA, CO 80017                   First                  09/26/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  54      Page Balance:   $896,655.69    Generated By: Dmenegus
<PAGE>   57
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7103097         BURNETT                            One to Four Family     240              23,700.00          259.97
                  16203  NW 19 STREET                Owner Occupied          15.80           23,675.85          11.940
                  PEMBROKE PINES, FL 33028           Second                 10/15/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103100         CAMPBELL  JR                       One to Four Family     180              60,550.00          645.76
                  805  GREENWOOD AVENUE              Owner Occupied          70.00           60,534.46          12.490
                  AKRON, OH 44320                    First                  10/02/2012       86,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103101         CASTELLANOS                        One to Four Family     240             115,000.00        1,109.02
                  3710  SW 29TH STREET               Owner Occupied          79.31          114,848.36           9.990
                  HIALEAH, FL 33134                  First                  10/24/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103102         CASTANEDA                          One to Four Family     180              44,200.00          420.60
                  250  GATEROAD #262                 Owner Occupied          85.00           44,184.20          10.990
                  HOLLYWOOD, FL 33024                First                  09/18/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103110         CURLEY                             One to Four Family     180              80,000.00          701.47
                  3970  SOUTH ARCO CIRCLE            Owner Occupied          35.24           79,964.53           9.990
                  SALT LAKE CITY, UT 84124           Second                 10/20/2012      227,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103113         DARTAYET                           One to Four Family     180              25,000.00          274.41
                  3311  NW 20TH STREET               Owner Occupied          13.51           24,994.13          12.890
                  MIAMI, FL 33142                    Second                 10/15/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103116         ELLMAN                             One to Four Family     120              26,650.00          393.84
                  19604  SW RAINBOW LAKES BLV        Owner Occupied          65.00           26,650.00          12.740
                  DUNNELLON, FL 34431                First                  11/03/2007       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103127         GILL                               One to Four Family     240              55,750.00          594.16
                  3465  TAMARIND DRIVE               Owner Occupied          26.55           55,689.65          11.490
                  NORTHBROOK, IL 60062               Second                 10/20/2017      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103143         HAMRICK                            One to Four Family     180             114,750.00        1,091.93
                  604  WEST PARKWAY AVENUE           Owner Occupied          85.00          114,708.99          10.990
                  HIGH POINT, NC 27262               First                  10/22/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103163         MANES                              One to Four Family     180              44,800.00          474.33
                  1313  SALFORD DRIVE                Owner Occupied          17.23           44,689.30           9.740
                  SCHAMBURG, IL 60193                Second                 10/22/2012      260,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103167         MCCANN                             One to Four Family     120              43,000.00          583.60
                  122  ANNAPOLIS DRIVE               Owner Occupied          22.63           42,797.67          10.640
                  VERNON HILLS, IL 60061             Second                 10/20/2007      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103178         PINEIRO                            One to Four Family     240              76,300.00          735.81
                  529  SW 136TH PLACE                Owner Occupied          31.14           76,199.39           9.990
                  MIAMI, FL 33184                    Second                 10/20/2017      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  55      Page Balance:   $708,936.53    Generated By: Dmenegus
<PAGE>   58
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7103179         PINEDA                             One to Four Family     180              18,500.00          240.07
                  565  WEST 77TH STREET              Owner Occupied          11.14           18,467.90          13.490
                  HIALEAH, FL 33013                  Second                 10/20/2012      166,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103207         VALDES                             One to Four Family     180              21,000.00          222.34
                  18782  NW 90TH AVENUE              Owner Occupied          13.55           20,948.11           9.740
                  HIALEAH, FL 33018                  Second                 10/20/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103211         WESTON                             One to Four Family     180              46,500.00          442.48
                  4897  SOUTHWORTH COURT             Owner Occupied          75.00           46,483.38          10.990
                  MEMPHIS, TN 38118                  First                  10/10/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7103218         ZEIGLER                            One to Four Family     180              32,500.00          389.85
                  106  PEARTREE LANE                 Owner Occupied          17.86           32,434.88          11.990
                  BARTLETT, IL 60103                 Second                 10/22/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105203         JONES                              One to Four Family     180              45,000.00          552.84
                  611  WOODVALE AVENUE               Owner Occupied          73.77           44,992.79          14.550
                  CHATTANOOGA, TN 37411              First                  11/01/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105213         RUPENA                             One to Four Family     180              37,600.00          469.56
                  485  NORTHEAST 144TH STRE          Owner Occupied          19.79           37,529.94          12.750
                  MIAMI, FL 33161                    Second                 10/30/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105779         MILES                              One to Four Family     360              53,250.00          593.22
                  16868  FENMORE                     Owner Occupied          75.00           53,238.09          13.100
                  DETROIT, MI 48235                  First                  10/30/2027       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7040163         SUCHINSKY                          One to Four Family     180              33,600.00          294.62
                  181  JACKSON STREET                Owner Occupied          68.57           33,600.00           9.990
                  PATERSON, NJ 07505                 First                  11/13/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7070249         COVINGTON                          One to Four Family     360              67,200.00          647.59
                  2317  NORTH CUTHBERT DRIVE         Owner Occupied          80.00           67,200.00          11.150
                  LINDENWOLD, NJ 08021               First                  11/13/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7030007         PHILLIPS                           One to Four Family     180              18,200.00          217.09
                  1338  THURMAN STREET               Owner Occupied          65.00           18,200.00          14.100
                  CAMDEN, NJ 08105                   First                  08/14/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7060022         FERRIS                             One to Four Family     180              68,000.00          681.19
                  R 1 BOX 526 WILSON R               Owner Occupied          80.00           68,000.00          11.650
                  JOHNSON, VT 05656                  First                  11/05/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7080047         COOK                               One to Four Family     180              10,266.00          121.64
                  2407  ARNOLD STREET                Owner Occupied          47.75           10,266.00          14.000
                  CAMDEN, NJ 08104                   First                  09/10/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  56      Page Balance:   $451,361.09    Generated By: Dmenegus
<PAGE>   59
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7100188         HENNESSEY                          One to Four Family     180              48,100.00          576.97
                  3  DOON WAY                        Owner Occupied          25.86           48,100.00          11.990
                  ESSEX JUNCTION, VT 05452           Second                 11/15/2012      186,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105323         BASOCO                             One to Four Family     360              14,400.00          129.04
                  640  SOUTH GRAND STREET            Owner Occupied          80.00           14,375.53          10.250
                  MESA, AZ 85210                     First                  11/07/2027       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105455         BROWN                              One to Four Family     360             147,050.00        1,257.99
                  180  ALLERS BLVD.                  Owner Occupied          85.00          147,050.00           9.700
                  ROOSEVELT, NY 11575                First                  11/07/2027      173,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118100         HOLLAWAY, JR.                      One to Four Family     120              93,100.00        1,279.82
                  39  BURNETT STREET                 Owner Occupied          64.65           93,100.00          10.950
                  NEWARK, NJ 07102                   Second                 11/12/2007      144,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118102         VELEZ-CORCORAN                     One to Four Family     360             150,000.00        1,315.25
                  3016  RANDALL AVENUE               Owner Occupied          85.71          150,000.00           9.990
                  BRONX, NY 10465                    First                  11/07/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118111         SAWYER-THOMPSON                    One to Four Family     240             138,000.00        1,327.17
                  100  STONE AVENUE                  Owner Occupied          65.71          138,000.00           9.950
                  WHITE PLAINS, NY 10603             First                  11/07/2017      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ND7090047         EVANS                              One to Four Family     360              98,000.00          770.97
                  104  WASHINGTON ROAD               Owner Occupied          65.33           98,000.00           8.750
                  WEST WINDSOR (PRINCE, NJ 08543     First                  11/13/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7070022A        BROWN                              One to Four Family     180              10,480.00          121.43
                  9100  ROLLING VIEW ROAD            Owner Occupied           7.59           10,480.00          11.350
                  LANHAM, MD 20706                   Second                 11/10/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7046030A        GRIER                              One to Four Family     180               6,500.00           80.11
                  684  CAMDEN                        Owner Occupied          10.00            6,500.00          12.500
                  FERNDALE, MI 48220                 Second                 11/12/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110003         DelaCruz                           One to Four Family     180             148,000.00        1,201.51
                  24  Lindon Rd                      Owner Occupied          80.00          148,000.00           9.100
                  Peabody, MA 01960                  First                  11/10/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110006         Figaro                             One to Four Family     180              85,150.00        1,059.67
                  47  Norton Street                  Owner Occupied          65.00           85,150.00          14.750
                  Dorchester, MA 02125               First                  11/10/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110011         Botts                              One to Four Family     180              30,000.00          338.16
                  D #3 Box 127                       Owner Occupied          78.95           30,000.00          10.850
                  Knox, PA 16232                     First                  11/13/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  57      Page Balance:   $968,755.53    Generated By: Dmenegus
<PAGE>   60
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MB7110013         Monteiro                           One to Four Family     180             144,000.00        1,355.05
                  324  Taunton Street                Owner Occupied          80.00          144,000.00          10.850
                  Wrentham, MA 02093                 First                  11/13/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110027         MARTIN                             One to Four Family     180              30,000.00          333.02
                  75  EWING COURT                    Owner Occupied          22.90           29,931.48          10.580
                  WARWICK, RI 02889                  Second                 10/06/2012      131,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7110029         BROYLES                            One to Four Family     240              12,400.00          136.45
                  1419  N. FORREST AVENUE            Owner Occupied          20.00           12,387.45          11.990
                  BRAZIL, IN 47834                   Second                 10/21/2017       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110030         THOMAS                             One to Four Family     360              30,600.00          311.23
                  36  MOUNT IDA ROAD UNIT            Owner Occupied          90.00           30,590.95          11.850
                  DORCHESTER, MA 02122               First                  11/01/2027       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110031         DIAZZO                             One to Four Family     180              96,000.00        1,108.68
                  79  MERILINE AVENUE                Owner Occupied          77.42           95,794.52          11.290
                  METHUEN, MA 01844                  First                  11/01/2012      124,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110032         KEARNS                             One to Four Family     180              18,800.00          224.42
                  3  CANTERBURY ROAD                 Owner Occupied          17.41           18,723.63          11.900
                  BRADFORD, RI 02808                 Second                 09/29/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110033         SCHROEDER                          One to Four Family     180              30,000.00          349.53
                  CHOOL STREET                       Owner Occupied          42.86           29,982.46          13.750
                  SHARON SPRINGS, NY 13459           First                  09/01/2012       70,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7110038         Dinas                              One to Four Family     180              37,150.00          359.41
                  26  Greenwood Hill Stree           Owner Occupied          14.86           37,150.00          11.200
                  Stamford, CT 06902                 Second                 12/01/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110050         VERA-MARIN                         One to Four Family     240              26,900.00          314.20
                  181  MUNGERTOWN ROAD               Owner Occupied          16.81           26,876.10          12.950
                  MADISON, CT 06443                  Second                 11/01/2017      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110053         SCHMIDT                            One to Four Family     360              80,000.00          853.81
                  2  HOMESTEAD ROAD                  Owner Occupied          43.84           79,979.52          12.500
                  MARBLEHEAD, MA 01945               First                  11/01/2027      182,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110054         CARR                               One to Four Family     180             153,600.00        1,451.17
                  308  MORAINE STREET                Owner Occupied          80.00          153,600.00          10.900
                  MARSHFIELD, MA 02050               First                  11/15/2012      192,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110055         ATKINSON                           One to Four Family     360             168,000.00        1,574.57
                  131  GORDON AVENUE                 Owner Occupied          78.14          167,937.43          10.800
                  TOTOWA, NJ 07512                   First                  11/01/2027      215,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  58      Page Balance:   $826,953.54    Generated By: Dmenegus
<PAGE>   61
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
MC7110056         HERBERT                            One to Four Family     240              88,000.00          968.96
                  138  UNION STREET                  Owner Occupied          80.00           87,911.04          12.000
                  HACKENSACK, NJ 07601               First                  11/01/2017      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110057         HERROLD                            One to Four Family     120              46,400.00          639.16
                  2005  HICKORY ROAD                 Owner Occupied          42.96           46,186.17          11.000
                  MARYSVILLE, PA 17053               Second                 11/01/2007      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110058         HOY                                One to Four Family     180              60,000.00          594.17
                  1949  OAKFORD AVENUE               Owner Occupied          52.17           59,681.24          11.500
                  OAKFORD, PA 19053                  First                  11/01/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110059         LIMONTA                            One to Four Family     180              28,000.00          322.66
                  21  FRIAR WAY                      Owner Occupied          10.18           27,939.84          11.250
                  WAYNE, NJ 07470                    Second                 11/01/2012      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110061         BROWN                              One to Four Family     180              75,000.00          731.30
                  125  WALL STREET                   Owner Occupied          75.00           74,974.95          11.300
                  TORRINGTON, CT 06790               First                  11/01/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110062         BROWN                              One to Four Family     180              86,250.00          840.99
                  60  64 WOODBINE STREET             Owner Occupied          75.00           86,221.20          11.300
                  TORRINGTON, CT 06790               First                  11/01/2012      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110004         Gergi                              One to Four Family     240              43,000.00          429.30
                  743  E. Fullerton Avenue           Owner Occupied          67.72           43,000.00          10.500
                  Glendale Heights, IL 60139         First                  11/10/2017       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110005         Barton                             One to Four Family     300              33,000.00          333.99
                  1027  W. Adams Street              Owner Occupied          75.00           33,000.00          11.440
                  Auburn, IL 62615                   First                  11/10/2022       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110006         Smith                              One to Four Family     180              23,200.00          261.51
                  1165  130th Street                 Owner Occupied          80.00           23,200.00          10.850
                  Berwick, IL 61417                  First                  11/10/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110007         Brown                              One to Four Family      60              15,000.00          329.89
                  1211  E. Capitol Avenue            Owner Occupied          18.75           15,000.00          11.500
                  Springfield, IL 62703              Second                 11/10/2002       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110009         Brammer                            One to Four Family     180              75,000.00          683.25
                  4349  Ruby Street                  Owner Occupied          75.00           75,000.00          10.450
                  Shiller Park, IL 50176             First                  11/13/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC5111209A        BLACKWELL                          One to Four Family     180              20,000.00          233.64
                  855  PAT LANE                      Owner Occupied          12.50           20,000.00          11.500
                  HUNTINGTOWN, MD 20639              Second                 11/11/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  59      Page Balance:   $592,114.44    Generated By: Dmenegus
<PAGE>   62
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7020940A        DIEHL                              One to Four Family     180               7,700.00           89.22
                  ROCKFORD STREET                    Owner Occupied          10.69            7,700.00          11.350
                  AKRON, OH 44301                    Second                 11/10/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7057213         ROWE                               One to Four Family     180              46,600.00          544.38
                  OX 238 BURDICK ROAD                Owner Occupied          45.69           46,502.20          11.500
                  CROWN POINT, NY 12928              Second                 10/28/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7100039         LADD                               One to Four Family     180              28,000.00          262.43
                  4653  DEVONSHIRE                   Owner Occupied          70.00           28,000.00          10.800
                  DETROIT, MI 48214                  First                  11/04/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7100040         MILLS                              One to Four Family     180              23,500.00          221.14
                  3336  CLEMENTS                     Owner Occupied          65.28           23,500.00          10.850
                  DETROIT, MI 48238                  First                  11/04/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7110012         GORDON, JR.                        One to Four Family     360              40,950.00          348.82
                  2047  BREWER BOULEVARD             Owner Occupied          42.88           40,950.00           9.650
                  ATLANTA, GA 30310                  First                  11/12/2027       95,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7110013         PARRISH                            One to Four Family     360              48,750.00          495.83
                  2199  BROWNING STREET              Owner Occupied          69.64           48,750.00          11.850
                  ATLANTA, GA 30317                  First                  11/12/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7110014         DEFRANCES                          One to Four Family     240              35,100.00          382.82
                  2189  BICKNELL DRIVE               Owner Occupied          85.61           35,100.00          11.850
                  ATLANTA, GA 30215                  First                  11/12/2017       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7091202         MILZ JR                            One to Four Family     180              23,000.00          320.34
                  28970  LILY STREET, NORTH-W        Owner Occupied          27.06           22,965.24          14.900
                  ISANTI, MN 55371                   Second                 10/27/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100111         EVANS                              One to Four Family     180              41,000.00          375.05
                  22222  MEDICINE SPRINGS ROA        Owner Occupied          69.49           41,000.00          10.500
                  COURTLAND, VA 23837                First                  11/12/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100184         DURAND                             One to Four Family     180              84,000.00          856.93
                  508  BAY OAK DRIVE                 Owner Occupied          73.68           83,836.51          11.890
                  CHESAPEAKE, VA 23323               First                  11/01/2012      114,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100224         BYNUM                              One to Four Family     360              89,250.00          904.32
                  113  15TH STREET, NORTH-E          Owner Occupied          75.00           89,250.00          11.800
                  WASHINGTON, DC 20002               First                  11/05/2027      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100333         HOLLINS                            One to Four Family     120              35,000.00          478.18
                  61  47TH STREET, SE                Owner Occupied          40.23           35,000.00          10.800
                  WASHINGTON, DC 20019               First                  11/04/2007       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  60      Page Balance:   $502,553.95    Generated By: Dmenegus
<PAGE>   63
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7100360         MANCHESTER                         One to Four Family     180              19,800.00          261.70
                  290  STATE HIGHWAY 309             Owner Occupied          55.00           19,766.83          13.850
                  GLOVERVILLE, NY 12078              First                  10/28/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100595         MINNICK                            One to Four Family     180              85,000.00          761.69
                  419  WEST HANNA DRIVE              Owner Occupied          70.83           84,964.35          10.250
                  NEWARD, DE 19702                   First                  11/01/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100928         UDELL                              One to Four Family     360              35,000.00          347.68
                  17608  CLOVERCREEK PLACE           Owner Occupied          38.89           34,988.90          11.540
                  LUTZ, FL 33549                     First                  10/20/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101097         CHERRY                             One to Four Family     240              22,800.00          243.15
                  18656  KEYSTONE                    Owner Occupied          67.06           22,800.00          11.500
                  DETROIT, MI 48234                  First                  12/01/2017       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101424         BASS                               One to Four Family     180              31,500.00          354.62
                  1742  MONTPELIER STREET            Owner Occupied          52.50           31,493.19          13.250
                  BALTIMORE, MD 21209                First                  11/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105884         ROGERS                             One to Four Family     120              30,000.00          459.51
                  4407  WISNER                       Owner Occupied          63.83           29,762.13          13.650
                  FLINT, MI 48504                    First                  10/01/2007       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106049         martin                             One to Four Family     180              66,500.00          683.52
                  56  NEWTON STREET                  Owner Occupied          70.00           66,480.93          11.990
                  denver, CO 80219                   First                  10/08/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106620         HILL                               One to Four Family     180              32,000.00          316.90
                  421  WEST PASADENA                 Owner Occupied          80.00           31,989.77          11.500
                  FLINT, MI 48505                    First                  11/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106625         KING                               One to Four Family     180              50,000.00          541.41
                  26831  OUTER DRIVE                 Owner Occupied          76.92           49,975.38          12.700
                  ECORSE, MI 48229                   First                  10/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106627         MCGHEE                             One to Four Family     180              33,750.00          348.46
                  18435  VAUGHAN                     Owner Occupied          75.00           33,730.80          12.050
                  DETROIT, MI 48219                  First                  10/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110146         EZELL                              One to Four Family     180              52,500.00          581.64
                  3878  GERALDINE                    Owner Occupied          61.76           52,500.00          10.540
                  SAINT ANNE, MO 63074               First                  12/01/2011       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110149         JOHNSON                            One to Four Family     360              35,100.00          405.91
                  512  WEST JACKSON STREET           Owner Occupied          65.00           35,100.00          13.640
                  STAUNTON, IL 62088                 First                  11/05/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  61      Page Balance:   $493,552.28    Generated By: Dmenegus
<PAGE>   64
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7110151         REIDELBERGER                       One to Four Family     180              79,200.00          968.44
                  15626  SUMMER RIDGE                Owner Occupied          39.60           79,200.00          12.350
                  CHESTERFIELD, MO 63017             Second                 12/01/2012      200,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7110353         CLARK                              One to Four Family     360              25,000.00          253.32
                  3336  WEBSTER                      Owner Occupied          59.52           25,000.00          11.800
                  JEFFERSON CITY, MO 65104           First                  12/01/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110427         KELEMAN                            One to Four Family     240              28,950.00          306.55
                  1917  OLD STATE HIGHWAY 83         Owner Occupied          75.00           28,950.00          11.390
                  CLAIRTON, PA 15025                 First                  11/05/2017       38,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110428         MAYFIELD                           One to Four Family     240              22,165.00          249.33
                  3827  WILLETT ROAD                 Owner Occupied          55.00           22,165.00          12.340
                  PITTSBURGH, PA 15227               First                  11/04/2017       40,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110430         LESZCZYNSKI                        One to Four Family     120              18,000.00          256.69
                  304  SHERRIE DRIVE                 Owner Occupied          19.61           18,000.00          11.850
                  PITTSBURGH, PA 15239               Second                 11/04/2007       91,800.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110433         BIGGS                              One to Four Family     360              23,800.00          232.79
                  705  FREEMONT AVENUE               Owner Occupied          70.00           23,792.12          11.340
                  KANSAS CITY, MO 64125              First                  11/01/2027       34,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7110435         KOMAN                              One to Four Family     360              61,600.00          664.13
                  117  MAPLE DRIVE                   Owner Occupied          72.47           61,600.00          12.640
                  VALENCIA, PA 16059                 First                  11/05/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110436         SUCHER                             One to Four Family     360             104,000.00        1,161.84
                  5902  GOLDEN POND                  Owner Occupied          80.00          104,000.00          13.140
                  VILLA RIDGE, MO 63089              First                  12/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115012         ARGUEDAS                           One to Four Family     180              81,600.00          776.47
                  5988  N.W. 39TH STREET             Owner Occupied          80.00           81,570.85          10.990
                  VIRGINIA GARDENS, FL 33166         First                  10/03/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115013         BOBADILLA                          One to Four Family     180              93,500.00          954.56
                  19722  NE 11 CT                    Owner Occupied          85.00           93,472.65          11.900
                  MIAMI, FL 33179                    First                  10/20/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115015         BRYAN                              One to Four Family     240              30,000.00          351.25
                  230  E COLVIN ST                   Owner Occupied          52.63           29,973.50          12.990
                  SYRACUSE, NY 13205                 First                  10/21/2017       57,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115017         PATTI                              One to Four Family     180              40,000.00          429.59
                  1532  WASHINGTON AVENUE            Owner Occupied          19.05           39,903.41           9.990
                  WEST ISLIP, NY 11795               Second                 10/16/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  62      Page Balance:   $607,627.53    Generated By: Dmenegus
<PAGE>   65
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115018         FOTI                               One to Four Family     180              19,700.00          242.80
                  172  ITHACA ST                     Owner Occupied          17.59           19,662.41          12.500
                  BAYSHORE, NY 11706                 First                  10/24/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115021         JEUDY                              One to Four Family     180              20,000.00          229.71
                  19  FREDERICK AVE                  Owner Occupied          14.81           19,913.18          11.190
                  ELMONT, NY 11003                   Second                 09/29/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115022         KNITTLE                            One to Four Family     180              31,800.00          320.99
                  2684  COUNTY LINE RD               Owner Occupied          74.82           31,790.39          11.750
                  HOLLEY, NY 14470                   First                  10/20/2012       42,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115025         MICHALOS                           One to Four Family     240              95,000.00        1,013.10
                  18  WATERS AVENUE                  Owner Occupied          41.30           94,897.32          11.500
                  HICKSVILLE, NY 11801               Second                 10/22/2017      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115077         DOWER                              One to Four Family     180              43,200.00          544.51
                  1509  W. 19TH STREET               Owner Occupied          60.00           43,193.69          14.950
                  LORAIN, OH 44052                   First                  11/01/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115112         WILLIAMS                           One to Four Family     360              93,600.00          973.60
                  505  COURTNEY DR                   Owner Occupied          80.00           93,574.10          12.150
                  NEWARK, OH 43055                   First                  11/01/2027      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115150         AUSTIN  JR.                        One to Four Family     180              23,200.00          285.95
                  164  BACK ST                       Owner Occupied          80.00           23,155.72          12.500
                  MCCLELLANDTOWN, PA 15458           First                  11/01/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115242         CUNNINGHAM                         One to Four Family     180              54,000.00          648.09
                  T 1 BOX 272                        Owner Occupied          80.00           53,891.91          12.000
                  LUMBERPORT, WV 26386               First                  11/01/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115243         DICKSON                            One to Four Family     360              53,000.00          526.88
                  287  DAUGHERTY ROAD                Owner Occupied          61.63           52,983.25          11.550
                  GROVE CITY, PA 16127               First                  11/01/2027       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115249         KERCHER                            One to Four Family     180              48,000.00          544.06
                  433  RIDGEMONT DR                  Owner Occupied          70.59           47,893.94          10.950
                  PITTSBURGH, PA 15220               First                  11/01/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115252         MOON                               One to Four Family     180              25,000.00          284.93
                  R # 2 BOX 1190, GALA               Owner Occupied          37.04           24,945.28          11.050
                  NEW ALEXANDRIA, PA 15670           First                  11/01/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115253         MULVAY                             One to Four Family     180              33,150.00          311.94
                  1325  CORONADO DRIVE               Owner Occupied          85.00           33,137.79          10.850
                  PORT VUE, PA 15133                 First                  11/01/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  63      Page Balance:   $539,038.98    Generated By: Dmenegus
<PAGE>   66
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115255         SIMPSON                            One to Four Family     180              36,000.00          410.31
                  1224  FILMORE AVE                  Owner Occupied          80.00           35,921.19          11.050
                  ERIE, PA 16505                     First                  11/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115256         STAWICKI                           One to Four Family     180              67,500.00          640.27
                  D #2 BOX 314                       Owner Occupied          75.00           67,475.67          10.950
                  JEANNETTE, PA 15644                First                  11/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115257         VAN DYKE                           One to Four Family     180              46,750.00          531.36
                  D 2 BOX 376                        Owner Occupied          85.00           46,647.18          11.000
                  NEW CUMBERLAND, WV 26047           First                  11/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115260         WODARECK                           One to Four Family     180              29,250.00          299.74
                  11  RHEAMS AVE                     Owner Occupied          75.00           29,250.00          11.950
                  PITTSBURGH, PA 15202               First                  12/01/2012       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115273         VAULX                              One to Four Family     180              33,000.00          417.31
                  3939  MONROE                       Owner Occupied          69.47           33,000.00          12.990
                  GARY, IN 46408                     First                  11/05/2012       47,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100761         LEVY                               One to Four Family     360              43,000.00          445.62
                  16128  MONICA AVENUE               Owner Occupied          61.52           43,000.00          12.100
                  PRAIRIEVILLE, LA 70769             First                  11/10/2027       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100778         KELLY                              One to Four Family     180              57,200.00          610.48
                  14146  POYDRAS AVENUE              Owner Occupied          81.71           57,200.00          12.500
                  BATON ROUGE, LA 70810              First                  11/13/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101058         RAY                                One to Four Family     180              53,250.00          590.72
                  11  CHAPPELL ROAD, NORTH           Owner Occupied          75.00           53,250.00          13.040
                  ATLANTA, GA 30314                  First                  11/12/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101356         BENDER                             One to Four Family     180             129,400.00        1,055.18
                  2801  BERWYN ROAD                  Owner Occupied          78.90          129,400.00           9.150
                  BENSALEM, PA 19020                 First                  11/13/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101428         EDWARDS                            One to Four Family     240              52,500.00          503.17
                  1290  BLACK JACK SIMPSON R         Owner Occupied          70.00           52,500.00           9.900
                  GREENVILLE, NC 27858               First                  11/06/2017       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105895         BRANSON                            One to Four Family     180              60,400.00          588.94
                  1858  LEITCH                       Owner Occupied          82.74           60,379.83          11.300
                  FERNADALE, MI 48220                First                  10/06/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106203         MORRISON                           One to Four Family     360              79,500.00          976.69
                  11951  EAST OUTER DRIVE            Owner Occupied          75.00           79,487.25          14.550
                  DETROIT, MI 48224                  First                  10/08/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  64      Page Balance:   $687,511.12    Generated By: Dmenegus
<PAGE>   67
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7106596         BRITCHER                           One to Four Family     180              51,000.00          499.22
                  720  TIERNEY                       Owner Occupied          39.23           50,982.37          11.350
                  HIGHLAND, MI 48356                 First                  11/01/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106672         BRITTO                             One to Four Family     180              91,200.00          824.04
                  103  TUSCANY ROAD                  Owner Occupied          79.30           91,162.56          10.350
                  ASTON, PA 19014                    First                  10/24/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106674         BURRIS                             One to Four Family     120              31,300.00          438.28
                  108  PATTERSON RD                  Owner Occupied          29.25           31,159.07          11.400
                  FINLEYVILLE, PA 15332              Second                 10/24/2007      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106677         DAVIS                              One to Four Family      84               9,400.00          165.89
                  1801  ANASTASIA WAY SOUTH          Owner Occupied          10.00            9,278.03          11.990
                  ST PETERSBURG, FL 33712            Second                 10/24/2004       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106680         DOON                               One to Four Family     360              40,800.00          422.82
                  5340  PORTLAND STREET              Owner Occupied          80.00           40,753.84          12.100
                  COLUMBUS, OH 43235                 First                  10/06/2027       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106689         HARPER                             One to Four Family     360              44,850.00          534.97
                  167  MAPLE DR                      Owner Occupied          65.00           44,309.19          14.100
                  BOARDMAN, OH 44512                 First                  10/23/2027       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106692         JOHNSON                            One to Four Family     180              56,000.00          526.97
                  4454  SALVIA DRIVE                 Owner Occupied          77.78           55,979.33          10.850
                  ORLANDO, FL 32809                  First                  10/08/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106698         KOPP                               One to Four Family     360              88,000.00          704.91
                  885  SANDHURST COURT               Owner Occupied          80.00           87,778.35           8.950
                  TITUSVILLE, FL 32780               First                  09/05/2027      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106713         RIOS                               One to Four Family     360              96,000.00          803.73
                  851  NORTH TRIPLETT LAKE           Owner Occupied          80.00           95,952.27           9.450
                  CASSELBERRY, FL 32707              First                  10/15/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106714         ROACH                              One to Four Family     180              54,000.00          424.82
                  123  MYERS STREET                  Owner Occupied          80.00           53,968.93           8.750
                  CHICKAMAUGA, GA 30707              First                  10/22/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106717         TATE                               One to Four Family     180              56,000.00          573.44
                  204  POWERS RD                     Owner Occupied          80.00           55,983.76          11.940
                  OAKDALE, TN 37829                  First                  10/24/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106718         TRENT                              One to Four Family     360              73,950.00          619.12
                  13127  ANNANDALE DR. NORTH         Owner Occupied          84.03           73,924.40           9.450
                  JACKSONVILLE, FL 32225             First                  08/28/2027       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  65      Page Balance:   $691,232.10    Generated By: Dmenegus
<PAGE>   68
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7106720         WIMPY                              One to Four Family     240              50,150.00          465.83
                  108  MURPHY DRIVE                  Owner Occupied          83.58           50,079.10           9.450
                  TUNNEL HILL, GA 30755              First                  09/29/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106724         WEICKSEL                           One to Four Family     180              56,000.00          573.87
                  409  EAST STRAWBERRY STRE          Owner Occupied          80.00           55,983.80          11.950
                  LANCASTER, PA 17603                First                  10/10/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110028         ROBINSON                           One to Four Family     360              37,050.00          458.13
                  4214  EAST SACRAMENTO              Owner Occupied          65.00           37,050.00          14.650
                  SAINT LOUIS, MO 63115              First                  12/01/2027       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110082         BRIGHAM                            One to Four Family     360             148,000.00        1,326.23
                  8228  S ST LAWRENCE                Owner Occupied          80.00          148,000.00          10.250
                  CHICAGO, IL 60619                  First                  11/05/2027      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110285         MONACO                             One to Four Family     180              24,750.00          286.78
                  130  SOUTH WHEELING                Owner Occupied          75.00           24,697.31          11.350
                  KANSAS CITY, MO 64123              First                  11/01/2012       33,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7110429         WALSCH                             One to Four Family     360              53,600.00          518.16
                  816  EAST ACTON                    Owner Occupied          80.00           53,600.00          11.190
                  WOOD RIVER, IL 62095               First                  11/04/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110517         WATTS                              One to Four Family     180              33,750.00          412.47
                  3318  BRIGHTON ROAD                Owner Occupied          75.00           33,750.00          12.340
                  PITTSBURGH, PA 15212               First                  12/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110519         AUSTIN                             One to Four Family     120              16,250.00          250.75
                  2532  OLIVE                        Owner Occupied          65.00           16,250.00          13.840
                  KANSAS CITY, MO 64127              First                  11/10/2007       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115057         WILLIE                             One to Four Family     180              48,000.00          600.70
                  2812  SILVER HILL AVENUE           Owner Occupied          66.21           47,769.85          12.790
                  BALTIMORE, MD 21202                First                  10/04/2012       72,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115060         ENSELL                             One to Four Family     180              27,200.00          251.86
                  1409  ARLINGTON AVE                Owner Occupied          85.00           27,189.54          10.650
                  STEUBENVILLE, OH 43952             First                  11/01/2012       32,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115081         FOSSICK                            One to Four Family     180              40,000.00          450.88
                  108  N SPRUCE DR                   Owner Occupied          40.82           39,910.79          10.850
                  GLENSHAW, PA 15116                 Second                 10/17/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115084         GRUEBER                            One to Four Family     180              53,600.00          574.35
                  132  SPADE RD                      Owner Occupied          76.57           52,804.16           9.950
                  ROCHESTER, PA 15074                First                  07/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  66      Page Balance:   $587,084.55    Generated By: Dmenegus
<PAGE>   69
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115092         JOSEPH                             One to Four Family     180              30,000.00          378.59
                  606  WASHINGTON STREET             Owner Occupied          75.00           29,945.16          12.950
                  MARTINS FERRY, OH 43935            First                  11/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115093         KENNEDY                            One to Four Family     180              46,900.00          480.61
                  94  BEECHWOOD DRIVE                Owner Occupied          70.00           46,886.44          11.950
                  BOARDMAN, OH 44512                 First                  11/01/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115152         BARRETT                            One to Four Family     180              23,000.00          275.89
                  7959  S RIDGELAND                  Owner Occupied          31.29           23,000.00          11.990
                  CHICAGO, IL 60617                  First                  11/05/2012       73,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115153         INGRAM                             One to Four Family     180              11,000.00          133.79
                  10033  S WALLACE                   Owner Occupied          14.67           11,000.00          12.250
                  CHICAGO, IL 60628                  Second                 11/03/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115154         JONES                              One to Four Family     360              30,000.00          355.22
                  15610  S WESTERN                   Owner Occupied          75.00           30,000.00          13.990
                  HARVEY, IL 60426                   First                  11/03/2027       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115155         LEVYSTEIN                          One to Four Family     360              84,000.00          863.39
                  6348  S INGLESIDE                  Owner Occupied          70.00           84,000.00          11.990
                  CHICAGO, IL 60637                  First                  11/06/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115156         PADILLA                            One to Four Family     180              18,000.00          221.74
                  4418  S WOOD                       Owner Occupied          18.56           18,000.00          12.490
                  CHICAGO, IL 60609                  Second                 11/03/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115157         RILEY                              One to Four Family     240              40,000.00          412.60
                  5925  S UNION                      Owner Occupied          56.34           40,000.00          10.990
                  CHICAGO, IL 60621                  First                  11/05/2017       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115158         SCOTT                              One to Four Family     360              60,000.00          616.71
                  6334  S MARSHFIELD                 Owner Occupied          75.00           60,000.00          11.990
                  CHICAGO, IL 60636                  First                  11/05/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115159         SMITH                              One to Four Family     120              25,600.00          359.78
                  8952  S MAY                        Owner Occupied          25.86           25,600.00          11.490
                  CHICAGO, IL 60620                  Second                 11/03/2007       99,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115246         HERBERT                            One to Four Family     180              35,000.00          435.57
                  275  HANLIN ROAD                   Owner Occupied          34.31           34,994.64          14.750
                  BURGESTOWN, PA 15021               First                  11/01/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115247         JOHNSON                            One to Four Family     180              40,000.00          486.52
                  111  WALTERS ROAD                  Owner Occupied          80.00           39,921.81          12.250
                  CLAIRTON, PA 15025                 First                  11/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  67      Page Balance:   $443,348.05    Generated By: Dmenegus
<PAGE>   70
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115248         KENNEDY                            One to Four Family     180              51,100.00          523.66
                  3660  DOVER ROAD                   Owner Occupied          69.05           50,984.22          11.950
                  YOUNGSTOWN, OH 44511               First                  11/01/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115251         MCCARTNEY JR                       One to Four Family     240              54,400.00          559.66
                  D 3 SPRING LANE RD                 Owner Occupied          85.00           54,336.74          10.950
                  NEW CUMBERLAND, WV 26047           First                  11/01/2017       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115254         PERRONE                            One to Four Family     180              30,300.00          310.50
                  607  GROSS STREET                  Owner Occupied          74.81           30,291.24          11.950
                  PITTSBURGH, PA 15224               First                  11/01/2012       40,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115259         WECKSLER                           One to Four Family     360              70,400.00          673.10
                  438  N MARKET ST                   Owner Occupied          80.00           70,375.17          11.050
                  LIGIONER, PA 15658                 First                  11/01/2027       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115271         TIMMONS                            One to Four Family     360              67,575.00          668.67
                  7421  S MAY                        Owner Occupied          85.00           67,575.00          11.490
                  CHICAGO, IL 60621                  First                  11/04/2027       79,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115272         THOMPSON                           One to Four Family     180              60,000.00          681.58
                  600  N RIDGEWAY                    Owner Occupied          60.00           59,867.92          10.990
                  CHICAGO, IL 60624                  First                  10/10/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115274         VILLACORTA                         One to Four Family     360              60,000.00          570.94
                  10736  S BUFFALO                   Owner Occupied          83.33           60,000.00          10.990
                  CHICAGO, IL 60617                  First                  11/05/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115322         BERGER                             One to Four Family     180              50,000.00          523.95
                  124  SHELLY ROAD                   Owner Occupied          54.95           49,972.80          12.250
                  GLEN BURNIE, MD 21061              First                  10/01/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101079         JIMMERSON                          One to Four Family     180              25,000.00          324.42
                  408  HAMILTON STREET               Owner Occupied          16.56           24,632.20          13.490
                  HARRISON, NJ 07029                 First                  10/20/2012      151,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101120         CALERO                             One to Four Family      48              11,400.00          302.96
                  5301  WASHINGTON STREET            Owner Occupied           8.98           11,215.65          12.490
                  HOLLYWOOD, FL 33021                Second                 10/29/2001      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101121         AINSWORTH                          One to Four Family     180              80,000.00        1,011.67
                  6105  6107 KENNEDY BLVD.           Owner Occupied          59.26           79,854.33          12.990
                  NORTH BERGEN, NJ 07047             First                  10/22/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101123         NORDBERG                           One to Four Family     360             135,000.00        1,546.31
                  102  BELCHER ROAD                  Owner Occupied          56.72          134,972.44          13.500
                  BLAIRSTOWN, NJ 07825               First                  10/22/2027      238,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  68      Page Balance:   $694,077.71    Generated By: Dmenegus
<PAGE>   71
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101124         BENSON                             One to Four Family     180              18,400.00          232.68
                  482  NOLPARK DRIVE                 Owner Occupied          12.87           18,364.18          12.990
                  GLEN BURNIE, MD 21061              Second                 10/28/2012      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101126         POLK                               One to Four Family     240              99,200.00        1,161.50
                  359  WILLOW GROVE ROAD             Owner Occupied          73.48           99,112.34          12.990
                  FRANKLIN, NJ 08344                 First                  10/29/2017      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101127         WELLS                              One to Four Family      60              16,500.00          353.76
                  13  BRAMBLEWOOD WAY SW             Owner Occupied          13.75           16,289.10          10.390
                  CARTERSVILLE, GA 30120             Second                 10/24/2002      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101128         LIVIERI                            One to Four Family     120              22,000.00          328.36
                  400  MYRTLE AVENUE                 Owner Occupied          11.00           21,909.79          12.990
                  GARWOOD, NJ 07027                  Second                 11/01/2007      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101131         LATCH                              One to Four Family     180              19,500.00          259.56
                  403  PASADENA DRIVE                Owner Occupied          18.40           19,467.78          13.990
                  MAGNOLIA, NJ 08049                 Second                 10/23/2012      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101132         LYNAM                              One to Four Family     180              44,000.00          521.02
                  281  NORTH LAKE DRIVE              Owner Occupied          74.58           43,909.81          11.750
                  JONESBORO, GA 30236                First                  10/28/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101134         DAVIS                              One to Four Family     180              15,000.00          189.69
                  10019  WINDING LAKES ROAD B        Owner Occupied          28.30           14,972.69          12.990
                  SUNRISE, FL 33351                  Second                 10/28/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101138         BROWN                              One to Four Family     360              41,500.00          415.73
                  702  DEACONHILL COURT              Owner Occupied          75.45           41,486.90          11.650
                  BALTIMORE, MD 21225                First                  10/21/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101140         BRENNAN                            One to Four Family     180              30,000.00          359.86
                  24  DELBARTON DRIVE                Owner Occupied          11.32           29,939.89          11.990
                  MADISON, NJ 07940                  Second                 10/29/2012      265,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101141         TYREE                              One to Four Family     180              25,000.00          332.77
                  6108  PAWNEE DRIVE                 Owner Occupied          31.25           24,958.69          13.990
                  LYNCHBURG, VA 24502                Second                 10/21/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101142         DEL GUERCIO                        One to Four Family     240              76,500.00          733.19
                  548  SPRING ROAD                   Owner Occupied          63.75           76,126.09           9.900
                  WINSLOW, NJ 08037                  First                  10/28/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101143         JAMISON                            One to Four Family     180              15,300.00          199.56
                  9375  FERNWOOD COURT               Owner Occupied          10.00           15,273.71          13.590
                  MANASSAS, VA 22118                 Second                 10/21/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  69      Page Balance:   $421,810.97    Generated By: Dmenegus
<PAGE>   72
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101144         GNECCO                             One to Four Family     360             148,000.00        1,297.72
                  92  EDWIN STREET                   Owner Occupied          81.77          147,934.38           9.990
                  RIDGEFIELD PARK, NJ 07660          First                  10/29/2027      181,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101145         LAWRENCE                           One to Four Family     180             116,800.00        1,233.09
                  77  MYRTLE AVENUE                  Owner Occupied          80.00          116,510.07           9.690
                  DOVER, NJ 07801                    First                  10/25/2012      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101148         REEVES                             One to Four Family     360              99,000.00          898.20
                  97  5TH AVENUE                     Owner Occupied          80.49           98,959.80          10.400
                  ELKTON, MD 21921                   First                  10/14/2027      123,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101149         WALKER                             One to Four Family     180              17,500.00          221.31
                  393  NORTH GROVE STREET            Owner Occupied          13.46           17,468.13          12.990
                  EAST ORANGE, NJ 07017              Second                 10/29/2012      130,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7101152         DICKSON                            One to Four Family     360              77,600.00          666.71
                  190  CROSSLAND AVENUE              Owner Occupied          80.00           77,563.79           9.750
                  SALEM, NJ 08079                    First                  10/28/2027       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101154         GREGORY                            One to Four Family     360              77,250.00          735.09
                  172  BRIGHTON AVENUE               Owner Occupied          75.00           76,933.07          10.990
                  EAST ORANGE, NJ 07017              First                  10/21/2027      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101157         TAVELLA                            One to Four Family     180              25,000.00          332.77
                  721  CEDAR BROOK AVENUE            Owner Occupied          15.63           24,958.69          13.990
                  SOUTH PLAINFIELD, NJ 07080         Second                 10/22/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101158         LEIMBURG                           One to Four Family     180              25,000.00          292.05
                  49  FIFTH STREET                   Owner Occupied          18.25           24,947.53          11.500
                  HIGHLANDS, NJ 07732                Second                 10/24/2012      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101159         OAKLEY                             One to Four Family     180              11,000.00          135.58
                  104  JAMIE DRIVE                   Owner Occupied           8.21           10,979.00          12.500
                  GALLATIN, TN 37066                 Second                 10/17/2012      134,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7101160         KELLY                              One to Four Family     120              11,500.00          156.79
                  393  COOLIDGE AVENUE               Owner Occupied          10.85           11,446.23          10.750
                  BERKELEY, NJ 08721                 Second                 11/01/2007      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101161         ECKLES                             One to Four Family      60              23,250.00          511.21
                  10323  ZION DRIVE                  Owner Occupied          16.85           22,961.41          11.490
                  FAIRFAX, VA 22012                  Second                 10/29/2002      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101165         BANTA                              One to Four Family     180              46,000.00          494.04
                  1060  DELL STREET                  Owner Occupied          38.98           45,394.87           9.990
                  DOVER, NJ 08755                    First                  10/22/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  70      Page Balance:   $676,056.97    Generated By: Dmenegus
<PAGE>   73
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
NC7101166         LEEMAN II                          One to Four Family     300              55,000.00          661.65
                  5315  COBBLESTONE WAY              Owner Occupied          56.12           54,979.56          13.990
                  LILBURN, GA 30247                  First                  10/22/2022       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101168         FORD                               One to Four Family     120              47,175.00          676.56
                  AILROAD 1 BOX 1095                 Owner Occupied          85.00           46,969.80          11.990
                  JAKIN, GA 31761                    First                  10/14/2007       55,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101171         ADESINA                            One to Four Family     180              20,500.00          252.54
                  232  CLUBHOUSE DRIVE               Owner Occupied          15.30           20,460.83          12.490
                  MIDDLETOWN, NJ 07748               Second                 11/01/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101172         DAVIS                              One to Four Family     180              26,000.00          287.25
                  5373  LANNIE ROAD                  Owner Occupied          50.00           25,940.03          10.490
                  JACKSONVILLE, FL 32218             First                  10/28/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100320         MCNULTY                            One to Four Family     240              45,000.00          426.54
                  133  PETERS DRIVE                  Owner Occupied          46.88           45,000.00           9.740
                  BECKLEY, WV 25801                  First                  11/17/2017       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100398         SPRINGER                           One to Four Family     360              48,000.00          408.88
                  2204  W 8TH ST                     Owner Occupied          80.00           48,000.00           9.650
                  MUNCIE, IN 47303                   First                  11/17/2027       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CC7100018         EAR, JR.                           One to Four Family     180              53,600.00          565.82
                  12834  RIVERDALE                   Owner Occupied          75.49           53,585.81          12.350
                  DETROIT, MI 48223                  First                  11/01/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100193         LOVE                               One to Four Family     360              41,000.00          349.25
                  4127  INDIANAPOLIS BOULEVA         Owner Occupied          71.93           41,000.00           9.650
                  EAST CHICAGO, IN 46312             First                  11/18/2027       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100247         MILLER                             One to Four Family     240              33,600.00          381.75
                  1215  6TH AVENUE                   Owner Occupied          80.00           33,600.00          12.500
                  COUNCIL BLUFFS, IA 51501           First                  11/18/2017       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100443         MITCHELL                           One to Four Family     180              26,000.00          269.16
                  407  VAIL STREET                   Owner Occupied          55.32           26,000.00           9.350
                  MICHIGAN CITY, IN 46360            First                  11/18/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100458         MITCHELL                           One to Four Family     180              10,000.00          106.55
                  407  VAIL STREET                   Owner Occupied          21.28           10,000.00           9.850
                  MICHIGAN CITY, IN 46360            Second                 11/18/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110162         MOSTELLER                          One to Four Family     180              70,400.00          713.33
                  1136  VILLA ROAD                   Owner Occupied          80.00           70,400.00          11.800
                  SPRINGFIELD, OH 45503              First                  11/18/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  71      Page Balance:   $475,936.03    Generated By: Dmenegus
<PAGE>   74
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
CC7100053         SPEAKMAN                           One to Four Family     180             128,000.00        1,238.36
                  2205  VALLEY ROAD                  Owner Occupied          80.00          128,000.00          11.200
                  WAVERLY, OH 45690                  First                  11/13/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100384         ELAM                               One to Four Family     180              33,500.00          358.58
                  504  EMERALD STREET                Owner Occupied          57.76           33,500.00          12.540
                  HARRISBURG, PA 17110               First                  11/17/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100911         KEAGY                              One to Four Family     360              31,000.00          298.74
                  3657  MERESTONE DRIVE              Owner Occupied          39.14           31,000.00          11.150
                  WILMINGTON, NC 28412               First                  11/12/2027       79,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101222         WIBLE                              One to Four Family     180              42,000.00          442.39
                  327  THIRD STREET                  Owner Occupied          66.67           42,000.00           9.650
                  TRAFFORD, PA 15085                 First                  11/12/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101479         FOWLER                             One to Four Family     180              44,000.00          352.46
                  1909  HAMMONDS FERRY ROAD          Owner Occupied          51.16           44,000.00           8.950
                  BALTIMORE, MD 21227                First                  11/17/2012       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110062         BURKHARDT                          One to Four Family     180             114,500.00        1,043.10
                  4  EMERSON AVENUE                  Owner Occupied          81.21          114,500.00          10.450
                  GLEN BURNIE, MD 21061              First                  11/17/2012      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7060459         COLE                               One to Four Family     240              47,600.00          557.34
                  100  102 MAIN STREET               Owner Occupied          70.00           47,428.96          12.990
                  WATERTOWN, NY 13601                First                  07/02/2017       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100573         BUSKIRK                            One to Four Family     180              27,100.00          334.01
                  216  HORNBEAM DRIVE                Owner Occupied          19.08           27,100.00          12.500
                  VIRGINIA BEACH, VA 23452           Second                 11/06/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100607         WASHINGTON                         One to Four Family     180              59,500.00          577.90
                  4800  JAY STREET, NORTH-EA         Owner Occupied          70.00           59,500.00          11.250
                  WASHINGTON, DC 20002               First                  11/06/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106641         SAVAGE                             One to Four Family     360              85,000.00          727.17
                  16705  GLASTONBURY                 Owner Occupied          70.25           84,959.91           9.700
                  DETROIT, MI 48219                  First                  11/01/2027      121,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106686         GRAY                               One to Four Family     240              53,380.00          580.33
                  13288  DOT LEE DRIVE               Owner Occupied          83.41           53,052.20          11.800
                  DENHAM SPRINGS, LA 70726           First                  08/01/2017       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106707         OVERBY JR                          One to Four Family     240              54,000.00          484.12
                  716  SHELLY LANE                   Owner Occupied          80.00           53,918.63           8.950
                  ROSSVILLE, GA 30741                First                  10/20/2017       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  72      Page Balance:   $718,959.70    Generated By: Dmenegus
<PAGE>   75
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7106723         WEICKSEL                           One to Four Family      60              68,000.00          696.85
                  238  SOUTH ANN STREET              Owner Occupied          80.00           67,980.32          11.950
                  LANCASTER, PA 17602                First                  10/10/2002       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110160         WASHINGTON                         One to Four Family     180              61,600.00          598.30
                  5104  HAYES STREET, NORTH-         Owner Occupied          70.00           61,600.00          11.250
                  WASHINGTON, DC 20018               First                  11/06/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110432         BINANDO                            One to Four Family     360             108,825.00        1,060.29
                  232  WEST LEECHBURG ROAD           Owner Occupied          75.00          108,825.00          11.290
                  LEECHBURG, PA 15656                First                  11/12/2027      145,100.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110434         MEINERT                            One to Four Family     360              83,625.00          967.08
                  19  HOMEKORT AVENUE                Owner Occupied          75.00           83,625.00          13.640
                  PITTSBURGH, PA 15229               First                  11/12/2027      111,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110437         SWEENEY                            One to Four Family     120              30,500.00          434.95
                  136  CLEARVIEW STREET              Owner Occupied          22.59           30,500.00          11.850
                  BEAVER FALLS, PA 15010             Second                 11/12/2007      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115024         MCCORD                             One to Four Family     360              68,000.00          733.65
                  11010  NE 4 AVE                    Owner Occupied          61.82           67,983.18          12.650
                  MIAMI, FL 33161                    First                  10/24/2027      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115031         ZAINI                              One to Four Family     360             153,000.00        1,591.46
                  30  26 46TH STREET                 Owner Occupied          85.00          152,957.67          12.150
                  ASTORIA, NY 11103                  First                  10/24/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115041         BOUTTE                             One to Four Family     240              55,000.00          549.11
                  2350  Q STREET SE                  Owner Occupied          50.93           54,932.14          10.500
                  WASHINGTON, DC 20020               First                  10/27/2017      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115043         CHAPMAN                            One to Four Family     180              86,000.00          898.04
                  3910  AMES STREET NE               Owner Occupied          79.63           85,504.17           9.500
                  WASHINGTON, DC 20019               First                  10/01/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115044         CHRISTIAN                          One to Four Family     240              28,000.00          298.61
                  2745  CLARENCE DUBURN LANE         Owner Occupied          58.33           27,968.33          11.500
                  BALTIMORE, MD 21213                First                  10/08/2017       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115045         COOKSEY                            One to Four Family     180              82,800.00          906.24
                  6222  HAWKINS GATE ROAD            Owner Occupied          60.00           82,780.41          12.850
                  LA PLATA, MD 20646                 First                  10/20/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115047         HARRIS                             One to Four Family     360              76,000.00          686.13
                  6403  63RD PLACE                   Owner Occupied          67.86           75,968.74          10.340
                  RIVERDALE, MD 20737                First                  10/30/2027      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  73      Page Balance:   $900,624.96    Generated By: Dmenegus
<PAGE>   76
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115048         HODGE                              One to Four Family     360              56,800.00          496.37
                  1709  L STREET NE                  Owner Occupied          80.00           56,774.60           9.950
                  WASHINGTON, DC 20002               First                  10/08/2027       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115050         JOHNSON                            One to Four Family     180              36,050.00          455.89
                  O BOX 261 HWY 37 NOR               Owner Occupied          70.00           35,984.35          12.990
                  WINFALL, NC 27985                  First                  10/04/2012       51,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115052         KINGSBURY                          One to Four Family     180              36,000.00          381.43
                  617  EAST 36TH STREET              Owner Occupied          60.00           35,990.57          12.400
                  BALTIMORE, MD 21218                First                  10/04/2012       60,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115053         MILBURN                            One to Four Family     180              55,000.00          607.63
                  5634  BEL AIR ROAD                 Owner Occupied          78.57           54,873.16          10.490
                  BALTIMORE, MD 21206                First                  10/16/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115055         REEVES                             One to Four Family     180              40,000.00          490.41
                  15998  MORGANTOWN RD               Owner Occupied          54.79           39,922.92          12.400
                  BURLINGTON, NC 27216               First                  10/04/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115056         WASHINGTON                         One to Four Family     360             108,900.00          799.07
                  5511  BLAIR ROAD NE                Owner Occupied          68.06          108,826.93           8.000
                  WASHINGTON, DC 20011               First                  10/20/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115163         SCHEUTZOW                          One to Four Family     240              25,000.00          288.45
                  2845  ITALY FRIEND ROAD            Owner Occupied          47.62           24,977.18          12.750
                  JERUSALEM, NY 14418                First                  10/07/2017       52,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115323         BODNAR                             One to Four Family     180              25,000.00          256.20
                  12744  BLAIR ROAD                  Owner Occupied          14.71           24,992.76          11.950
                  LUSBY, MD 20657                    Second                 11/01/2012      170,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115324         BOWLING JR                         One to Four Family     180              20,000.00          243.26
                  2868  INMAN ROAD                   Owner Occupied          19.61           19,921.42          12.250
                  DANVILLE, VA 24541                 Second                 10/01/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115327         BUSSEY                             One to Four Family     180              53,200.00          496.62
                  130  BLAND STREET                  Owner Occupied          80.00           53,176.58          10.750
                  ROCKY MOUNT, VA 24151              First                  11/01/2012       66,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115331         KAYLOR                             One to Four Family     180              35,000.00          329.75
                  OUTE 3 BOX 82                      Owner Occupied          71.43           34,987.29          10.870
                  FLOYD, VA 24091                    First                  11/01/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115332         KOONCE                             One to Four Family     180              33,245.00          387.35
                  480  SCHOOL LANE                   Owner Occupied          61.00           33,232.09          13.750
                  CHRISTIANBURG, VA 24073            First                  10/01/2012       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  74      Page Balance:   $523,659.85    Generated By: Dmenegus
<PAGE>   77
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115336         RAINES                             One to Four Family     180              40,300.00          444.23
                  18605  MARY BALL ROAD              Owner Occupied          65.00           40,290.67          12.950
                  WHITE STONE, VA 22578              First                  11/01/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115340         WHALEN                             One to Four Family     360             100,000.00          896.11
                  13683  WILDFLOWER LANE             Owner Occupied          80.00           99,958.06          10.250
                  CLIFTON, VA 22024                  First                  11/01/2027      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115380         DOCKINS                            One to Four Family     180              40,800.00          376.27
                  3715  DEVONSHIRE                   Owner Occupied          80.00           40,800.00          10.600
                  DETROIT, MI 48224                  First                  11/15/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100326         HUTCHINSON                         One to Four Family     180              43,000.00          464.72
                  924  E OLIVE ST.                   Owner Occupied          75.44           43,000.00          10.100
                  BRAZIL, IN 47834                   First                  11/19/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110054         CLARK                              One to Four Family     180              35,000.00          396.72
                  13040  CLEVELAND STREET            Owner Occupied          33.33           35,000.00          10.950
                  PATASKALA, OH 43062                First                  11/19/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7090142         STONE                              One to Four Family     360              51,500.00          484.62
                  464  BRICKER STREET                Owner Occupied          69.59           51,500.00          10.850
                  ROCHESTER, NY 14609                First                  11/10/2027       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100031         LEE                                One to Four Family     180              41,000.00          448.15
                  3829  KEARNEY ROAD                 Owner Occupied          74.55           41,000.00          10.300
                  TOWN OF GORHAM, NY 14561           First                  11/17/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100071         PALERMO                            One to Four Family     240              50,000.00          490.83
                  1108  MARIGOLD DRIVE               Owner Occupied          27.47           50,000.00          10.250
                  TOWN OF WEBSTER, NY 14580          Second                 11/07/2017      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100076         JONES                              One to Four Family     360             109,600.00        1,056.19
                  210  ARMSTRONG AVENUE              Owner Occupied          80.00          109,600.00          11.150
                  TOWN OF IRONDEQUOIT, NY 14606      First                  11/17/2027      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100082         BRASSIE                            One to Four Family     180              35,000.00          392.34
                  280  FETZNER ROAD                  Owner Occupied          40.94           35,000.00          10.750
                  TOWN OF GREECE, NY 14626           First                  11/17/2012       85,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100147         HARRIS                             One to Four Family     180              70,400.00          728.78
                  15  VASSAR AVENUE                  Owner Occupied          80.00           70,400.00           9.350
                  NEWARK, NJ 07108                   First                  11/17/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100148         BRUST                              One to Four Family     360              39,200.00          333.92
                  372  ALPHONSE STREET               Owner Occupied          80.00           39,200.00           9.650
                  ROCHESTER, NY 14621                First                  11/17/2027       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  75      Page Balance:   $655,748.73    Generated By: Dmenegus
<PAGE>   78
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
NC7109510         HORN                               One to Four Family      84              50,000.00          896.07
                  901  OCEAN AVENUE                  Owner Occupied           9.80           43,464.82          12.500
                  SURF CITY, NJ 08008                Second                 07/14/2004      510,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101155         ROBERTS                            One to Four Family     180              45,000.00          569.07
                  194  RENSHAW AVENUE                Owner Occupied          42.86           44,918.06          12.990
                  EAST ORANGE, NJ 07017              First                  10/18/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101156         ROBERTS                            One to Four Family     180              21,500.00          271.89
                  112  OAKDALE CIRCLE                Owner Occupied          22.63           21,460.74          12.990
                  LYNCHBURG, VA 24502                Second                 10/20/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7100006         HOLDEN                             One to Four Family     180              17,900.00          214.25
                  115  BROOKSHIRE DRIVE              Owner Occupied           8.14           17,864.00          11.950
                  WARRENTON, VA 20186                Second                 10/06/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7080343         WILLIAMS                           One to Four Family     180              53,400.00          480.51
                  3325  BLUE SPRINGS ROAD            Owner Occupied          75.00           53,377.84          10.300
                  STRAWBERRY PLAINS, TN 37871        First                  11/01/2012       71,200.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090259         CADENA                             One to Four Family     180              45,500.00          450.59
                  5500  SOUTH WEST 191ST COU         Owner Occupied          70.00           45,500.00          11.500
                  DUNELLON, FL 34432                 First                  10/30/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090338         TANNER                             One to Four Family     180              21,000.00          259.38
                  4315  ORLA                         Owner Occupied          75.00           20,960.07          12.540
                  SHREVEPORT, LA 71108               First                  10/27/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090430         LOPOPOLO                           One to Four Family     180              80,000.00          719.86
                  208  HANEY DRIVE                   Owner Occupied          80.00           79,966.81          10.300
                  CHATTANOOGA, TN 37411              First                  10/21/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7064325         JOHNSON JR                         One to Four Family     360              59,500.00          633.32
                  410  GIFFORD                       Owner Occupied          70.00           59,484.49          12.460
                  ELGIN, IL 60120                    First                  11/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7085770         ORELIEN                            One to Four Family     180              72,000.00          795.90
                  1873  NORTHEAST 154 STREET         Owner Occupied          80.00           71,966.82          12.990
                  NORTH MIAMI BEACH, FL 33162        First                  09/25/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092324         PERRY                              One to Four Family     360              80,400.00          858.08
                  2761  WELTON STREET                Owner Occupied          60.00           80,273.27          12.500
                  DENVER, CO 80205                   First                  06/01/2027      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095092         HILL                               One to Four Family     180              37,500.00          456.11
                  314  EAST JAMES STREET             Owner Occupied          75.00           37,385.50          12.250
                  MOUNT OLIVE, NC 28365              First                  09/17/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  76      Page Balance:   $576,622.42    Generated By: Dmenegus
<PAGE>   79
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7095730         JONES SR                           One to Four Family     180              30,000.00          314.37
                  8254  VAUGHAN                      Owner Occupied          69.77           29,991.88          12.250
                  DETROIT, MI 48228                  First                  10/30/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095793         MCBRIDE SR                         One to Four Family     180              38,000.00          383.58
                  4326  SOUTH 32ND STREET            Owner Occupied          79.17           37,988.50          11.750
                  OMAHA, NE 68107                    First                  10/27/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095939         SUTHERLAND                         One to Four Family     180              37,000.00          376.32
                  253  ALABAMA AVENUE                Owner Occupied          75.51           36,989.06          11.850
                  KINGSPORT, TN 37660                First                  10/30/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7095975         HARRIS                             One to Four Family     240              24,800.00          303.90
                  2438  MANDERSON STREET             Owner Occupied          80.00           24,780.27          13.750
                  OMAHA, NE 68111                    First                  10/29/2017       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100539         TUBBS                              One to Four Family     360              94,500.00          926.82
                  17300  LIBBY ROAD                  Owner Occupied          90.00           94,406.79          11.380
                  MAPLE HEIGHTS, OH 44137            First                  09/01/2027      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101195         DURBIN                             One to Four Family     180              75,500.00          673.75
                  324  SOUTH 57TH PLACE              Owner Occupied          64.53           75,468.00          10.200
                  SPRINGFIELD, OR 97478              First                  11/01/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101196         GILBERT                            One to Four Family     180              48,000.00          430.13
                  15132  S. UNION MILLS ROAD         Owner Occupied          37.50           47,979.87          10.250
                  MULINO, OR 97042                   First                  11/01/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101241         BECK                               One to Four Family     180              35,500.00          406.34
                  OUTE 1 BOX 178 BB                  Owner Occupied          64.90           35,492.74          13.490
                  WARSAW, MO 65355                   First                  11/01/2012       54,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101259         HOUSE                              One to Four Family     180              55,600.00          518.60
                  86  WASHINGTON                     Owner Occupied          80.00           55,579.02          10.740
                  GALESBURG, MI 49053                First                  11/01/2012       69,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101260         HUETT                              One to Four Family     180              54,000.00          483.49
                  3236  SUMMIT                       Owner Occupied          80.00           53,977.31          10.240
                  KANSAS CITY, MO 64111              First                  11/01/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101261         JOHNSON                            One to Four Family     180              31,875.00          390.07
                  1761  SECOND GREEN                 Owner Occupied          74.13           31,869.82          14.490
                  MEMPHIS, TN 38116                  First                  11/01/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101273         RELF                               One to Four Family     180              18,900.00          216.33
                  2216  NE 22ND                      Owner Occupied          70.00           18,896.14          13.490
                  OKLAHOMA CITY, OK 73111            First                  11/01/2012       27,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  77      Page Balance:   $543,419.40    Generated By: Dmenegus
<PAGE>   80
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7101278         WILLIAMS                           One to Four Family     180              50,000.00          504.32
                  19935  GRIGGS                      Owner Occupied          55.56           49,984.85          11.740
                  DETROIT, MI 48221                  First                  11/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101296         GARMAN                             One to Four Family     180              86,200.00          820.26
                  58845  STATE STREET                Owner Occupied          84.51           86,169.19          10.990
                  MISHAWAKA, IN 46544                First                  11/01/2012      102,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7101503         GONZEMBACH                         One to Four Family     180              30,996.00          412.58
                  9069  NW 193RD STREET              Owner Occupied          18.79           30,936.03          13.990
                  MIAMI, FL 33015                    Second                 10/01/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101957         RUDIO                              One to Four Family     180              48,000.00          560.43
                  1300  NW 174 STREET                Owner Occupied          50.53           47,797.37          11.490
                  MIAMI, FL 33169                    Second                 10/01/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102657         KRAFT                              One to Four Family     180              85,800.00        1,040.44
                  20  HEMLOCK STREET                 Owner Occupied          65.00           85,785.59          14.350
                  NEWINGTON, CT 06111                First                  10/21/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102671         ARMOND                             One to Four Family     360              32,000.00          329.16
                  2400  HUDSON PLACE                 Owner Occupied          19.51           31,981.59          12.000
                  NEW ORLEANS, LA 70114              Second                 10/01/2027      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105101         KLOCKE II                          One to Four Family     180              26,250.00          265.98
                  1635  TOPPING                      Owner Occupied          75.00           26,250.00          11.800
                  RAYTOWN, MO 64109                  First                  11/05/2012       35,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7105260         RYAN                               One to Four Family     180              20,747.00          215.81
                  1417  NORTH 149TH COURT            Owner Occupied          18.69           20,747.00          12.150
                  OMAHA, NE 68154                    Second                 12/01/2012      111,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105778         THOMPSON                           One to Four Family     180              22,100.00          276.00
                  9267  MCKINNEY                     Owner Occupied          37.46           22,100.00          12.750
                  DETROIT, MI 48224                  First                  11/05/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105825         ARNETT                             One to Four Family     180              37,500.00          433.67
                  115  BETSY KAY DRIVE               Owner Occupied          68.18           37,500.00          13.640
                  ELIZABETHTON, TN 37643             First                  11/03/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110216         TODOROVIC                          One to Four Family     180              49,300.00          535.74
                  822  BLOOMFIELD VILLAGE            Owner Occupied          85.00           49,288.07          12.750
                  AUBURN HILLS, MI 48326             First                  10/03/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110218         BISHOP                             One to Four Family     360              41,250.00          413.23
                  105  SPRING STREET                 Owner Occupied          75.00           41,237.24          11.650
                  TRENTON, NJ 08618                  First                  11/01/2027       55,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  78      Page Balance:   $529,776.93    Generated By: Dmenegus
<PAGE>   81
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110219         BOYCE                              One to Four Family     360             168,300.00        1,596.41
                  1651  NW 103RD AVE                 Owner Occupied          85.00          168,239.33          10.950
                  PLANTATION, FL 33322               First                  10/01/2027      198,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110221         CLARKE                             One to Four Family     180              33,200.00          384.68
                  6824  GUYES AVE                    Owner Occupied          80.00           33,129.34          11.350
                  PHILADELPHIA, PA 19142             First                  11/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110225         PEOPLES                            One to Four Family     360              81,000.00          780.58
                  93  WARRINGTON PL                  Owner Occupied          90.00           80,972.05          11.150
                  E. ORANGE, NJ 07017                First                  11/01/2027      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110405         MIXON                              One to Four Family     360              53,500.00          505.46
                  18667  WISCONSIN STREET            Owner Occupied          59.44           53,319.96          10.900
                  DETROIT, MI 48221                  First                  11/01/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110407         PUSZCZ                             One to Four Family     180              51,000.00          443.80
                  2479  OLD KENT                     Owner Occupied          75.00           50,976.95           9.900
                  WARREN, MI 48091                   First                  11/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110416         ADKINS                             One to Four Family     180              23,500.00          274.52
                  2629  GRANDIN ROAD                 Owner Occupied          22.38           23,450.21          11.500
                  ROANOKE, VA 24015                  Second                 09/25/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110417         AHLBUM                             One to Four Family     180              30,000.00          285.47
                  660  NW 49TH AVENUE                Owner Occupied          15.96           29,967.54          10.990
                  COCONUT CREEK, FL 33063            Second                 09/01/2012      188,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110418         BACON                              One to Four Family     180              65,000.00          808.91
                  203  W. STEWART STREET             Owner Occupied          68.42           65,000.00          14.750
                  COATS, NC 27521                    First                  09/20/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110419         BARBEE                             One to Four Family     180              47,751.00          527.85
                  109  MARY ANN RAOD                 Owner Occupied          71.27           47,740.05          12.990
                  GROVER, NC 28073                   First                  10/15/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110420         BENTON                             One to Four Family     180              18,000.00          203.46
                  600  LYNN CIRCLE                   Owner Occupied          20.00           17,919.72          10.900
                  ATLANTA, GA 30311                  First                  10/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110425         COLLINSWORTH                       One to Four Family     180              45,900.00          489.52
                  904  W. MULBERRY STREET            Owner Occupied          85.00           45,888.22          12.490
                  SPRINGFIELD, OH 45506              First                  10/15/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110426         COSTANTINO                         One to Four Family     180              49,500.00          547.18
                  7241  9TH AVENUE NORTH             Owner Occupied          75.00           49,488.66          12.990
                  ST.PETERSBURG, FL 33710            First                  10/05/2012       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  79      Page Balance:   $666,092.03    Generated By: Dmenegus
<PAGE>   82
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110438         FREEMAN                            One to Four Family     180             134,300.00        1,433.33
                  205  KILLIAN POINT ROAD            Owner Occupied          85.00          134,129.28          12.500
                  CHAPIN, SC 29036                   First                  09/01/2012      158,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110439         GERSTNER                           One to Four Family     120              18,260.00          267.18
                  21299  RAINDANCE LANE              Owner Occupied          10.93           18,049.53          12.490
                  BOCA RATON, FL 33428               Second                 09/20/2007      167,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110440         GODWIN                             One to Four Family     180              17,135.00          211.19
                  4724  RIVER CREEK RUN              Owner Occupied          14.52           17,102.30          12.500
                  RALEIGH, NC 27604                  Second                 09/21/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110443         HAND                               One to Four Family     180              54,400.00          546.62
                  5429  10TH STREET                  Owner Occupied          80.00           54,383.33          11.690
                  ZEPHYRHILLS, FL 33540              First                  09/10/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110446         HILL III                           One to Four Family     180              51,200.00          556.39
                  1141  43 E. FAIR AVENUE            Owner Occupied          80.00           51,200.00          12.750
                  COLUMBUS, OH 43205                 First                  09/10/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110447         HOFFMAN                            One to Four Family     180              14,000.00          174.84
                  96  SOUTH MAIN STREET              Owner Occupied           7.00           13,973.91          12.750
                  KEEDYSVILLE, MD 21756              Second                 09/01/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110449         JOHNSON                            One to Four Family     180              25,500.00          262.30
                  1129  TEWKESBURY PLACE NW          Owner Occupied          15.45           25,492.70          12.000
                  WASHINGTON, DC 20012               Second                 10/25/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110454         KONTZ SR.                          One to Four Family     180             110,400.00        1,072.27
                  127  BOND STREET                   Owner Occupied          80.00          110,362.73          11.250
                  WESTMINSTER, MD 21157              First                  09/20/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110456         MCATEE                             One to Four Family     180              22,500.00          284.53
                  6121  EDS ROAD                     Owner Occupied          11.60           22,394.62          12.990
                  MINERAL, VA 23117                  Second                 09/05/2012      194,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110460         MEANS                              One to Four Family     180              64,000.00          670.65
                  715  W. FAIRVIEW AVENUE            Owner Occupied          80.00           63,919.48          12.250
                  DAYTON, OH 45406                   First                  10/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110462         MITCHELL                           One to Four Family     240              62,050.00          694.07
                  3013  ROSINBURG ROAD               Owner Occupied          85.00           61,989.36          12.250
                  ZEBULON, NC 27597                  First                  10/05/2017       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110467         PRICE                              One to Four Family     180              48,750.00          558.00
                  3620  EAST 135TH STREET            Owner Occupied          75.00           48,729.95          13.490
                  CLEVELAND, OH 44120                First                  10/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  80      Page Balance:   $621,727.19    Generated By: Dmenegus
<PAGE>   83
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110468         RACKLEY                            One to Four Family     180              15,000.00          170.40
                  6847  YORKDALE COURT               Owner Occupied           9.93           14,911.27          10.990
                  LITHONIA, GA 30058                 Second                 09/15/2012      151,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110477         SONNAY                             One to Four Family     180              72,750.00          804.19
                  1398  GREENLEAF COURT              Owner Occupied          75.00           72,748.43          12.990
                  TARPON SPRINGS, FL 34689           First                  10/05/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110478         SORRELLS                           One to Four Family     180              32,000.00          373.62
                  5550  RAINBOW RIDGE WAY            Owner Occupied          27.59           31,968.88          11.490
                  DECATUR, GA 30034                  Second                 10/05/2012      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110627         HUNN                               One to Four Family     360              44,200.00          417.59
                  313  W. HARRIS                     Owner Occupied          76.21           44,089.48          10.900
                  CHARLOTTE, MI 48813                First                  11/01/2027       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110631         THOMAS                             One to Four Family     360              25,000.00          242.63
                  20260  GLASTONBURY                 Owner Occupied          41.67           24,991.54          11.240
                  DETROIT, MI 48219                  First                  11/01/2027       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110632         WRIGHT                             One to Four Family     180              22,100.00          235.70
                  20072  DEAN                        Owner Occupied          65.00           22,005.02          12.490
                  DETROIT, WI 48234                  First                  11/01/2012       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110642         BRINKHUIS                          One to Four Family     360              45,000.00          399.90
                  2458  WINDING WOODS LANE           Owner Occupied          48.39           44,980.72          10.150
                  ASHEBORO, NC 27203                 First                  10/17/2027       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110643         BROWN                              One to Four Family     360              49,685.00          486.35
                  606  MURDOCK ROAD                  Owner Occupied          73.61           49,652.02          11.350
                  TROUTMAN, NC 28166                 First                  09/30/2027       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110645         ELLIOTT                            One to Four Family     180             144,500.00        1,579.43
                  4157  MILL CREEK ROAD              Owner Occupied          84.01          144,160.86          10.300
                  WINSTON SALEM, NC 27106            First                  10/06/2012      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110646         HENSLEY                            One to Four Family     132              11,170.00          145.92
                  2065  CLARK STREET                 Owner Occupied          27.93           11,126.01          10.950
                  AUGUSTA, GA 30904                  Second                 10/17/2008       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110648         LAWS                               One to Four Family     180              72,000.00          836.52
                  505  NORTHWEST MAIN STREE          Owner Occupied          75.00           71,847.48          11.400
                  LENOIR, NC 28645                   First                  10/16/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110650         BAUER-LOPIS                        One to Four Family     180              26,000.00          317.92
                  209  E. CRANBERRY LANE             Owner Occupied           8.67           25,949.58          12.350
                  GREENVILLE, SC 29615               First                  10/29/2012      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  81      Page Balance:   $558,431.29    Generated By: Dmenegus
<PAGE>   84
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110656         SHAFFER                            One to Four Family     180              42,000.00          523.14
                  401  BRISTOL CAVERN HWY            Owner Occupied          70.00           41,921.36          12.700
                  BRISTOL, TN 37620                  First                  10/03/2012       60,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110659         TAYLOR                             One to Four Family     180              60,000.00          708.56
                  144  NC 42 EAST                    Owner Occupied          80.00           60,000.00          11.700
                  POWELLSVILLE, NC 27967             First                  11/03/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110704         HOLLAND                            One to Four Family     180              62,250.00          799.58
                  4460  HARVEST LANE                 Owner Occupied          47.16           62,249.58          15.250
                  HUNTINGTOWN, MD 20639              First                  10/05/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110706         HOLLIDAY                           One to Four Family     180              65,000.00          558.45
                  2523  VESTAL AVENUE                Owner Occupied          76.47           65,000.00           9.750
                  FAYETTEVILLE, NC 28301             First                  10/05/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110711         JONES                              One to Four Family     360              72,800.00          590.49
                  215  MEADOWS LANE NE               Owner Occupied          80.00           72,760.97           9.090
                  LEESBURG, VA 20176                 First                  10/25/2027       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110713         JONES                              One to Four Family     180              64,000.00          707.47
                  403  MCLEAN STREET                 Owner Occupied          79.01           64,000.00          12.990
                  FUQUAY VARINA, NC 27526            First                  10/05/2012       81,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110726         MARTINEZ                           One to Four Family     180              30,000.00          414.75
                  OUTE 1 BOX 215B                    Owner Occupied          50.00           29,954.00          14.750
                  ROBERSONVILLE, NC 27871            First                  10/10/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110729         MCCARTHY                           One to Four Family     240              95,200.00        1,047.57
                  5359  RAWHIDE COURT                Owner Occupied          85.00           95,103.64          11.990
                  CINCINNATI, OH 45238               First                  10/15/2017      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110731         MCDUFFIE                           One to Four Family     180             124,110.00        1,323.61
                  694  WATSON REEF                   Owner Occupied          90.00          124,078.17          12.490
                  STONE MOUNTAIN, GA 30087           First                  10/25/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110810         SINGLETARY                         One to Four Family     240              52,400.00          558.45
                  3605  KING HENRY DRIVE             Owner Occupied          80.00           52,343.28          11.490
                  FLORENCE, SC 29501                 First                  10/08/2017       65,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111115         WILSON                             One to Four Family     360              49,300.00          475.09
                  5285  47TH AVENUE NORTH            Owner Occupied          85.00           49,300.00          11.150
                  ST. PETERSBURG, FL 33709           First                  09/02/2027       58,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC6030294A        GUREWITZ                           One to Four Family     120               5,820.00           86.90
                  19565  TRANSHIRE ROAD              Owner Occupied           5.29            5,820.00          13.000
                  GAITHERSBURG, MD 20879             Second                 11/17/2007      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  82      Page Balance:   $722,531.00    Generated By: Dmenegus
<PAGE>   85
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC6125623A        PERSONS                            One to Four Family     180               5,650.00           69.64
                  18537  MINKLER ROAD                Owner Occupied           9.58            5,650.00          12.500
                  ADAMS CENTER, NY 13606             Second                 11/17/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7035027A        PAUGH                              One to Four Family     180              12,500.00          150.02
                  366  HICKMAN STREET                Owner Occupied          25.00           12,500.00          12.000
                  CLARKSBURG, WV 26301               Second                 11/17/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110042         LANGIN                             One to Four Family     360             190,530.00        1,807.27
                  87  CHARLES AVENUE                 Owner Occupied          88.62          190,129.31          10.950
                  UXBRIDGE, MA 01569                 First                  11/01/2027      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110067         SHORTSLEF                          One to Four Family     180              93,500.00          979.78
                  412  CO. RT 21                     Owner Occupied          85.00           93,449.13          12.250
                  MARTVILLE, NY 13111                First                  10/01/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110010         LEMAY                              One to Four Family     240              15,000.00          149.76
                  76  Thurston Street                Owner Occupied          10.42           15,000.00          10.500
                  Wrentham, MA 02093                 Second                 11/17/2017      144,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC5021154A        JACKSON, JR.                       One to Four Family     180              10,000.00          123.25
                  19153  GRANDVILLE                  Owner Occupied          19.61           10,000.00          12.500
                  DETROIT, MI 48219                  Second                 11/15/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051649A        RE                                 One to Four Family     240               6,000.00           63.37
                  1022  NEEB ROAD                    Owner Occupied           4.14            6,000.00          11.350
                  CINCINNATI, OH 45233               Second                 11/17/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7072746A        BYRD, JR.                          One to Four Family     120               5,200.00           77.64
                  5609  BARBEE CHAPEL ROAD           Owner Occupied          10.00            5,200.00          13.000
                  CHAPEL HILL, NC 27514              Second                 11/17/2007       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7110015         HARRIS                             One to Four Family     300              39,488.00          411.52
                  1940  MEADOWS LANE                 Owner Occupied          72.46           39,488.00          11.850
                  DECATUR, GA 30032                  First                  11/14/2022       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105750         JELKS                              One to Four Family     360              67,150.00          636.95
                  3620  CHICAGO AVE                  Owner Occupied          85.00           67,101.37          10.950
                  MINNEAPOLIS, MN 55407              First                  10/01/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105758         OWENS                              One to Four Family     360              67,200.00          675.75
                  5549  44TH AVE S                   Owner Occupied          80.00           67,158.45          11.700
                  MINNEAPOLIS, MN 55417              First                  10/01/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106594         ALLEN                              One to Four Family     240              37,600.00          357.88
                  508  WEST VAN BUREN STREE          Owner Occupied          59.68           37,549.19           9.800
                  ALEXANDRIA, IN 46001               First                  10/20/2017       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  83      Page Balance:   $549,225.45    Generated By: Dmenegus
<PAGE>   86
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7106613         GALLION                            One to Four Family     180              35,000.00          449.56
                  7190  WILKIE                       Owner Occupied          45.45           34,995.23          15.250
                  TAYLOR, MI 48180                   First                  10/24/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110281         NORRIS                             One to Four Family     360              52,500.00          607.13
                  105  WEST JEFFERSON                Owner Occupied          75.00           52,500.00          13.640
                  TRIMBLE, MO 64492                  First                  11/10/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110678         STEELE                             One to Four Family     360              78,400.00          815.50
                  103  NORTH WOODSON                 Owner Occupied          80.00           78,400.00          12.150
                  RAYMORE, MO 64083                  First                  11/17/2027       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110679         BYAS                               One to Four Family     360              43,000.00          447.28
                  240  BOONE STREET                  Owner Occupied          73.88           43,000.00          12.150
                  TROY, MO 63379                     First                  12/01/2027       58,200.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115042         BROOKS                             One to Four Family     360              38,000.00          414.13
                  1407  N LINWOOD AVENUE             Owner Occupied          71.03           37,686.36          12.790
                  BALTIMORE, MD 21213                First                  09/23/2027       53,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115051         JOHNSON                            One to Four Family     180              32,150.00          383.59
                  1116  G STREET SE                  Owner Occupied          21.43           32,019.28          11.890
                  WASHINGTON, DC 20003               First                  10/01/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115171         ABREU                              One to Four Family     180             100,000.00          862.83
                  728  FERNDALE BOULEVARD            Owner Occupied          80.00           99,953.84           9.800
                  CENTRAL ISLIP, NY 11722            First                  10/20/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115173         AHRENS III                         One to Four Family     180              49,400.00          468.58
                  708  PROSPECT AVE                  Owner Occupied          65.00           49,382.20          10.950
                  LAKE ARIEL, PA 18436               First                  10/17/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115181         ANITA E                            One to Four Family     180              37,600.00          328.58
                  441  DOROTHY AVENUE                Owner Occupied          80.00           37,583.19           9.950
                  HOLLY HILL, FL 32117               First                  10/22/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115184         DAVIS                              One to Four Family     360              75,000.00          672.08
                  20  WARNER AVENUE                  Owner Occupied          48.39           74,968.55          10.250
                  HEMPSTEAD, NY 11550                First                  10/10/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115191         HEALY                              One to Four Family     180             102,000.00          970.60
                  13  HILLSIDE TERRACE               Owner Occupied          62.20          101,963.55          10.990
                  AMAWALK, NY 10501                  First                  10/07/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115196         MANOSALVAS                         One to Four Family     180             178,500.00        1,822.34
                  344  LEMBECK AVENUE                Owner Occupied          87.12          178,447.79          11.900
                  JERSEY CITY, NJ 07305              First                  11/01/2012      210,200.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  84      Page Balance:   $820,899.99    Generated By: Dmenegus
<PAGE>   87
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115197         MOLESSO                            One to Four Family     180             108,000.00          943.79
                  161  17 65TH AVENUE                Owner Occupied          42.35          107,951.71           9.950
                  FLUSHING, NY 11365                 First                  10/22/2012      255,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115199         CHERON                             One to Four Family     180             120,000.00        1,141.88
                  1777  GLEN ROCK STREET             Owner Occupied          60.00          119,957.12          10.990
                  YORKTOWN HEIGHTS, NY 10598         First                  10/08/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115202         KUECK                              One to Four Family     240              30,000.00          329.28
                  64  HILLSIDE LANE                  Owner Occupied          14.63           29,969.47          11.950
                  SYOSSET, NY 11791                  First                  10/14/2017      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115204         PATAY                              One to Four Family     240             105,000.00        1,009.80
                  87  58 253RD STREET                Owner Occupied          53.85          104,860.83           9.950
                  BELLEROSE, NY 11426                First                  10/06/2017      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115208         PETERSON                           One to Four Family     180             162,000.00        1,685.08
                  148  RANDOLPH AVENUE               Owner Occupied          90.00          161,955.17          12.150
                  MINE HILL, NJ 07803                First                  10/15/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115216         SCHNIBBE JR                        One to Four Family     240              75,000.00          736.23
                  5  EDMARTH PLACE                   Owner Occupied          30.00           75,000.00          10.250
                  HASTINS-ON-HUDSON, NY 10706        Second                 11/03/2017      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115225         TANCREDI                           One to Four Family     180             115,500.00        1,056.52
                  24  LAKE DRIVE                     Owner Occupied          70.00          115,454.11          10.500
                  HAWLEY, PA 18428                   First                  10/24/2012      167,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115226         TORRES                             One to Four Family     180             173,600.00        1,549.18
                  645  NOSTRAND AVENUE               Owner Occupied          80.00          173,526.42          10.200
                  UNIONDALE, NY 11553                First                  10/08/2012      217,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115227         VIL                                One to Four Family     180             134,900.00        1,279.59
                  46  SUNNY RIDGE ROAD               Owner Occupied          89.99          134,851.37          10.950
                  NEW HEMPSTEAD, NY 10977            First                  11/01/2012      156,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115229         WALSH                              One to Four Family     180             111,750.00        1,110.92
                  15  NORTH SECOND STREET            Owner Occupied          75.00          111,714.67          11.550
                  HOLBROOK, NY 11741                 First                  11/01/2012      149,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115234         COSME                              One to Four Family     180              42,000.00          448.25
                  318  MAGNOLIA AVENUE               Owner Occupied          70.00           42,000.00          12.500
                  ELIZABETH, NJ 07206                First                  11/04/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115238         NEE                                One to Four Family     180             114,000.00          979.44
                  50  CARMEL ROAD                    Owner Occupied          79.72          113,946.81           9.750
                  WEST MILFORD, NJ 07421             First                  11/01/2012      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  85      Page Balance: $1,291,187.68    Generated By: Dmenegus
<PAGE>   88
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115240         RAMOUTAR                           One to Four Family     180             126,800.00        1,343.27
                  104  76 126TH STREET               Owner Occupied          80.00          126,800.00           9.750
                  RICHMOND HILL, NY 11419            First                  11/05/2012      158,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115293         PICTON                             One to Four Family     180              92,400.00          828.00
                  1455  LINCOLN BOULEVARD            Owner Occupied          70.00           92,361.25          10.250
                  BAYSHORE, NY 11706                 First                  11/01/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115328         CHANDLER                           One to Four Family     180              21,000.00          244.68
                  3171  BALL PARK LOOP               Owner Occupied          60.00           20,991.84          13.750
                  HALIFAX, VA 24558                  First                  10/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115330         HARRIS                             One to Four Family     180              88,000.00          821.47
                  OUTE 1 BOX 1777                    Owner Occupied          80.00           87,966.86          10.750
                  CREWE, VA 23930                    First                  11/01/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115335         PARRISH                            One to Four Family     180              33,000.00          333.11
                  764  HOLLAND ROAD                  Owner Occupied          75.00           32,990.02          11.750
                  DANVILLE, VA 24541                 First                  11/01/2012       44,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115339         TYLER                              One to Four Family     180              52,000.00          595.62
                  3305  WEST NORTHERN PARKWA         Owner Occupied          65.00           51,989.38          13.500
                  BALTIMORE, MD 21215                First                  11/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115351         THOMAS                             One to Four Family     180              26,000.00          288.21
                  2293  HAYMAKER DRIVE               Owner Occupied          11.71           26,000.00          10.550
                  YORKTOWN HEIGHTS, NY 10598         Second                 11/03/2012      222,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115372         ANDREWS                            One to Four Family     180              51,200.00          499.23
                  9992  CABLELINE ROAD               Owner Occupied          80.00           51,182.90          11.300
                  NEWTON FALLS, OH 44444             First                  11/01/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115373         BENNETT                            One to Four Family     180              52,500.00          580.76
                  202  SHADOWLAWN DR                 Owner Occupied          75.00           52,500.00          13.000
                  INKSTER, MI 48141                  First                  11/10/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115374         BREWER                             One to Four Family     180              18,700.00          188.76
                  3982  FAIRVIEW                     Owner Occupied          85.00           18,700.00          11.750
                  DETROIT, MI 48124                  First                  11/10/2012       22,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115376         BROWNLEE                           One to Four Family     180              60,000.00          569.13
                  703  CHESAPEAKE DRIVE              Owner Occupied          44.44           59,934.52          10.950
                  STEVENSVILLE, MD 21666             First                  10/01/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115379         CAMPBELL                           One to Four Family     180              30,000.00          308.59
                  217  CALICO LANE                   Owner Occupied          71.43           30,000.00          12.000
                  BATTLE CREEK, MI 49017             First                  11/10/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  86      Page Balance:   $651,416.77    Generated By: Dmenegus
<PAGE>   89
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115381         GARRETT                            One to Four Family     180             115,000.00        1,138.84
                  48750  BLUEBIRD                    Owner Occupied          81.27          114,963.24          11.500
                  SHELBY TWP, MI 48317               First                  11/01/2012      141,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115382         GIBSON                             One to Four Family     180             140,250.00        1,550.35
                  23951  BERG                        Owner Occupied          82.02          140,250.00          12.990
                  SOUTHFIELD, MI 48075               First                  11/15/2012      171,100.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115386         KEY                                One to Four Family     180              20,650.00          190.44
                  11850  GABLE                       Owner Occupied          70.00           20,650.00          10.600
                  DETROIT, MI 48212                  First                  11/20/2012       29,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115392         ROURK                              One to Four Family     180              30,000.00          307.43
                  12716  RIVERDALE                   Owner Occupied          40.54           30,000.00          11.950
                  DETROIT, MI 48223                  First                  11/05/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115398         WELDY                              One to Four Family     180              42,500.00          407.96
                  5945  DEPOT                        Owner Occupied          85.00           42,500.00          11.100
                  GALIEN, MI 49113                   First                  11/05/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7090996         PIERCE                             One to Four Family     180              35,200.00          364.39
                  605  FOREST KNOLLS DRIVE           Owner Occupied          80.00           35,200.00           9.350
                  GOLDSBORO, NC 27534                First                  11/19/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100151         HOPKINS                            One to Four Family     180              35,000.00          370.57
                  239  FIELD ROAD                    Owner Occupied          66.04           35,000.00           9.740
                  GRIFFIN, GA 30223                  First                  11/17/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100680         SANDERS, III                       One to Four Family     180              55,000.00          557.52
                  2031  SHARWOOD AVENUE              Owner Occupied          49.11           55,000.00           8.990
                  ROANOKE, VA 24015                  First                  11/17/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100844         FREEMAN                            One to Four Family     360             125,000.00        1,100.67
                  924  ROSCOE FREEMAN AVENU          Owner Occupied          59.52          125,000.00          10.040
                  WILMINGTON, NC 28409               First                  11/19/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100887         MCLANAHAN                          One to Four Family     180              32,000.00          370.78
                  7211  RUPPERT DRIVE                Owner Occupied          50.79           32,000.00          11.350
                  FAIRVIEW, PA 16415                 First                  11/17/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101050         WAX                                One to Four Family     180              15,000.00          175.23
                  19875  SAW MILL LANE               Owner Occupied          37.50           15,000.00          11.500
                  LIVINGSTON, LA 70754               First                  11/18/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101365         CHILDRESS                          One to Four Family     180              94,320.00          969.47
                  8615  BAYHILL DRIVE                Owner Occupied          80.00           94,320.00          11.990
                  GAINESVILLE, GA 30506              First                  11/14/2012      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  87      Page Balance:   $739,883.24    Generated By: Dmenegus
<PAGE>   90
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7101392         HOLLAND                            One to Four Family     360              32,800.00          311.13
                  13204  MEDERS LANE                 Owner Occupied          80.00           32,800.00          10.950
                  CUMBERLAND, MD 21502               First                  11/18/2027       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101415         SWENEY                             One to Four Family     360             114,800.00          894.95
                  13521  SHOSONE STREET              Owner Occupied          82.00          114,800.00           8.650
                  WESTMINSTER, CO 80234              First                  11/19/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110269         DOLBEY                             One to Four Family     360              52,000.00          442.57
                  209  NAYLOR STREET                 Owner Occupied          80.00           52,000.00           9.640
                  SALISBURY, MD 21804                First                  11/19/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7070067         LUCK                               One to Four Family      60              29,500.17          652.49
                  1504  OLD HUNTING TRAIL            Owner Occupied          32.67           29,136.54          11.750
                  DANVILLE, VA 24540                 First                  10/29/2002       90,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100454         KEMP                               One to Four Family     180              23,800.00          277.30
                  1376  8 LAKEWOOD                   Owner Occupied          59.50           23,795.41          13.750
                  DETROIT, MI 48234                  First                  11/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100697         JOHNSON                            One to Four Family     120              22,000.00          293.66
                  6320  ADKINS RD                    Owner Occupied          40.74           22,000.00          10.240
                  PROVIDENCE FORGE, VA 23140         First                  11/17/2007       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100965         ARMWOOD                            One to Four Family     180              70,000.00          773.78
                  2515  17TH STREET, NE              Owner Occupied          66.67           70,000.00          10.500
                  WASHINGTON, DC 20018               First                  11/14/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105284         INGALLS                            One to Four Family     180             164,000.00        1,494.05
                  8205  IVYMOONT WAY                 Owner Occupied          80.00          163,867.66          10.450
                  RALEIGH, NC 27613                  First                  10/01/2012      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105588         LOWERY                             One to Four Family     180              36,500.00          403.48
                  812  WARD BASIN ROAD               Owner Occupied          58.87           36,491.63          12.990
                  MILTON, FL 32583                   First                  10/10/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106318         EDWARDS                            One to Four Family     240              50,150.00          517.31
                  527  WEST 78TH STREET              Owner Occupied          85.00           50,091.98          10.990
                  CHICAGO, IL 60620                  First                  10/03/2017       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106629         MOBLEY                             One to Four Family     360              52,800.00          606.86
                  3206  MACKIN ROAD                  Owner Occupied          80.00           52,800.00          13.550
                  FLINT, MI 48504                    First                  10/06/2027       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106639         SAVAGE                             One to Four Family     360              25,900.00          223.48
                  13515  STAHELIN                    Owner Occupied          70.00           25,888.04           9.800
                  DETROIT, MI 48223                  First                  10/24/2027       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  88      Page Balance:   $673,671.26    Generated By: Dmenegus
<PAGE>   91
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7106655         WEAVER                             One to Four Family     360              47,200.00          396.89
                  285  ROY CLINE RD                  Owner Occupied          80.00           47,176.78           9.500
                  ROCKWELL, NC 28138                 First                  10/22/2027       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106675         BUSH                               One to Four Family     180              13,000.00          166.63
                  180  E ZWILLING                    Owner Occupied          22.03           12,976.91          13.250
                  ERIE, PA 16509                     Second                 10/17/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106701         NOBLE                              One to Four Family     180             112,500.00        1,058.64
                  11291  COUNTRYWOOD COURT           Owner Occupied          75.00          112,500.00          10.850
                  SPRINGHILL, FL 34609               First                  10/16/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110043         REDCROSS                           One to Four Family     180              45,000.00          511.19
                  1227  OAK DRIVE                    Owner Occupied          54.22           45,000.00          10.990
                  WILLIAMSBURG, VA 23185             First                  11/10/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110518         DIENER                             One to Four Family     240              50,000.00          534.60
                  446  ELAINE DRIVE                  Owner Occupied          48.54           50,000.00          11.540
                  PITTSBURGH, PA 15236               First                  12/01/2017      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110520         SKILES                             One to Four Family     360              84,000.00          812.04
                  507  SOUTH DWYER                   Owner Occupied          80.00           84,000.00          11.190
                  SAINT CHARLES, MO 63301            First                  12/01/2027      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110677         WILLIAMSON SR                      One to Four Family      84              10,000.00          171.44
                  2859  NORTH 83ED STREET            Owner Occupied          11.11           10,000.00          11.040
                  KANSAS CITY, KS 66109              Second                 11/15/2004       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110680         BONO SR                            One to Four Family     360              28,000.00          346.00
                  5612  SOUTH KINGSHIGHWAY           Owner Occupied          59.57           28,000.00          14.640
                  SAINT LOUIS, MO 63109              First                  12/01/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110759         CHAPMAN                            One to Four Family     360              34,800.00          348.61
                  1505  07 NORTH 63RD TERRAC         Owner Occupied          80.00           34,800.00          11.650
                  KANSAS CITY, KS 66102              First                  11/17/2027       43,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115011         ABDUL                              One to Four Family     180              37,850.00          424.27
                  1309  COMMONWEALTH AVENUE          Owner Occupied          17.13           37,764.80          10.750
                  BRONX, NY 10472                    Second                 10/24/2012      221,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115193         JOHNSON                            One to Four Family     180              56,000.00          520.65
                  127  SOUTH 11TH AVENUE             Owner Occupied          80.00           55,978.68          10.700
                  MOUNT VERNON, NY 10550             First                  10/17/2012       88,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115198         CASANO                             One to Four Family     180             142,250.00        1,301.22
                  152  STEPHEN DRIVE                 Owner Occupied          74.91          142,193.47          10.500
                  WADING RIVER, NY 11792             First                  11/01/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  89      Page Balance:   $660,390.64    Generated By: Dmenegus
<PAGE>   92
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115375         BRYANT                             One to Four Family     180             131,750.00        1,425.57
                  23178  PLUMBROOKE                  Owner Occupied          85.00          131,717.69          12.690
                  SOUTHFIELD, MI 48075               First                  11/01/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115377         BALDWIN                            One to Four Family     180              36,800.00          409.96
                  1822  S BROOKFIELD                 Owner Occupied          80.00           36,800.00          13.100
                  SOUTH BEND, IN 46613               First                  11/15/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115383         GREENWELL                          One to Four Family     180              59,500.00          657.73
                  2570  BLOOMFIELD                   Owner Occupied          85.00           59,500.00          12.990
                  MELVINDALE, MI 48122               First                  11/05/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115384         HOGE                               One to Four Family     180              27,540.00          348.01
                  6661  GLEN LANE                    Owner Occupied          50.07           27,536.01          14.990
                  FOUNTAIN, MI 49410                 First                  11/01/2012       55,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115385         JOHNSON SR                         One to Four Family     180              33,200.00          303.70
                  16575  MONICA                      Owner Occupied          80.00           33,200.00          10.500
                  DETROIT, MI 48221                  First                  11/10/2012       41,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115387         MANIECE III                        One to Four Family     360              41,650.00          399.80
                  14567  INDIANA                     Owner Occupied          85.00           41,650.00          11.100
                  DETROIT, MI 48238                  First                  11/10/2027       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115388         MEERSCHAERT                        One to Four Family     360             133,600.00        1,556.00
                  7035  SPRINGBOARD RD               Owner Occupied          80.00          133,600.00          13.750
                  CHINA, MI 48054                    First                  11/15/2027      173,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115389         METS                               One to Four Family     180             102,400.00        1,156.81
                  906  MOORE                         Owner Occupied          80.00          102,400.00          13.300
                  CHELSEA, MI 48118                  First                  11/20/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115390         NORTHAGEN                          One to Four Family     180             172,000.00        1,955.24
                  5976  SHAUN ST W                   Owner Occupied          80.00          172,000.00          13.390
                  BLOOMFIELD, MI 48332               First                  11/15/2012      216,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115394         SCHLEY                             One to Four Family     180             101,000.00          905.07
                  1392  TIOGA AVE                    Owner Occupied          84.87          100,957.64          10.250
                  AKRON, OH 44305                    First                  11/01/2012      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115395         SELENT                             One to Four Family     180              55,000.00          565.74
                  5784  ILLSBORO                     Owner Occupied          27.50           55,000.00          12.000
                  DAVISBURG, MI 48350                First                  11/10/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115396         SHOOP                              One to Four Family     180             129,000.00        1,028.70
                  3120  E EDGERTON                   Owner Occupied          75.00          129,000.00           8.900
                  SILVER LAKE, OH 44224              First                  11/20/2012      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  90      Page Balance: $1,023,361.34    Generated By: Dmenegus
<PAGE>   93
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115397         SMITH                              One to Four Family     180              32,000.00          319.34
                  491  lenoir                        Owner Occupied          80.00           32,000.00          11.600
                  river rouge, MI 48218              First                  11/15/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115399         WILLIAMS                           One to Four Family     180              35,275.00          375.11
                  961  JENNINGS                      Owner Occupied          85.00           35,275.00          12.450
                  BENTON HARBOR, MI 49022            First                  11/15/2012       41,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115400         BUCKNER                            One to Four Family     180              42,500.00          451.94
                  561  MELROSE                       Owner Occupied          85.00           42,489.00          12.450
                  PONTIAC, MI 48340                  First                  11/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115495         CUMMINGS                           One to Four Family     180              38,500.00          502.24
                  61  KELSEY STREET                  Owner Occupied          70.00           38,500.00          15.500
                  NEW BRITAIN, CT 06051              First                  11/10/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100233         PEASE                              One to Four Family     360              33,600.00          336.59
                  611  RIVER STREET                  Owner Occupied          80.00           33,600.00          11.650
                  BROOKVILLE, IN 47012               First                  11/21/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110164         PLAUGHER                           One to Four Family     180              26,400.00          277.67
                  1110  EAST MARKET STREET           Owner Occupied          80.00           26,400.00          12.300
                  LIMA, OH 45804                     First                  11/21/2012       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7094110         STANKEY                            One to Four Family     360             170,000.00        1,586.92
                  184  HAWTHORNE STREET              Owner Occupied          85.00          169,674.19          10.750
                  BROOKLYN, NY 11225                 First                  06/16/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095243         BECK                               One to Four Family     360              50,050.00          553.26
                  603  PINE GROVE AVENUE             Owner Occupied          65.86           50,026.94          12.990
                  JUPITER, FL 33458                  First                  09/03/2027       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095442         SALKEY                             One to Four Family     360             112,000.00          941.76
                  70  VAN COTT AVENUE                Owner Occupied          72.26          111,833.41           9.500
                  HEMPSTEAD, NY 11550                First                  09/01/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095450         EADDY-MOIZE                        One to Four Family     360             127,500.00        1,117.96
                  806  EAST 169TH STREET             Owner Occupied          79.69          127,443.48           9.990
                  BRONX, NY 10459                    First                  10/03/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095454         KALLO                              One to Four Family     360             178,500.00        1,632.81
                  101  44 93RD STREET                Owner Occupied          85.00          178,357.51          10.500
                  OZONE PARK, NY 11416               First                  09/16/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095484         WITTENHAGEN                        One to Four Family     180              27,000.00          315.41
                  26  HALF MILE ROAD,                Owner Occupied          14.75           26,886.14          11.500
                  MIDDLE ISLAND,, NY 11953           Second                 09/19/2012      183,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  91      Page Balance:   $872,485.67    Generated By: Dmenegus
<PAGE>   94
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7095515         TUCHBAUM                           One to Four Family     180             106,200.00        1,173.93
                  1780  NE 147TH STREET              Owner Occupied          90.00          105,708.50          10.500
                  MIAMI, FL 33181                    First                  09/23/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095518         VARGAS                             One to Four Family     180              35,000.00          408.87
                  119  CLEVELAND STREET              Owner Occupied          20.23           34,852.39          11.500
                  BROOKLYN, NY 11208                 Second                 09/19/2012      173,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102000         BEPPEL                             One to Four Family      60              10,000.00          220.89
                  143  LAUREBA AVE                   Owner Occupied          13.51            9,751.85          11.690
                  STRATFORD, NJ 08084                Second                 09/26/2002       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102004         LEIGERTWOOD                        One to Four Family     120              38,400.00          514.29
                  5523  WALTON AVE                   Owner Occupied          80.00           38,030.32          10.320
                  PHILADELPHIA, PA 19143             First                  09/26/2007       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102005         MONZO JR                           One to Four Family     180              25,000.00          308.95
                  8  SILVER BERCH RD                 Owner Occupied          21.74           24,904.52          12.550
                  WASHINGTON TOWNSHIP, NJ 08012      First                  09/09/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102006         MORRIS                             One to Four Family     180              30,000.00          348.56
                  1642  RUTHSBURG RD                 Owner Occupied          24.10           29,872.28          11.400
                  CENTREVILLE, MD 21617              Second                 09/26/2012      124,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102008         KELLER                             One to Four Family     180              16,500.00          180.76
                  105  PEMBERTON COURT               Owner Occupied           8.05           16,422.50          10.340
                  NORTH WALES, PA 19454              Second                 09/29/2012      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102009         REES                               One to Four Family     180              29,000.00          313.42
                  6  SILSBEE RD                      Owner Occupied          20.57           28,860.74          10.100
                  NEW CASTLE, DE 19720               Second                 09/25/2012      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102011         SHAFFER                            One to Four Family     180              49,900.00          609.85
                  721  MOHAWK STREET                 Owner Occupied          71.29           49,553.29          12.340
                  ALLENTOWN,, PA 18103               First                  10/24/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102012         MORABITo                           One to Four Family     180              60,000.00          719.33
                  124  HOLLYOKE ROAD                 Owner Occupied          57.14           59,879.67          11.980
                  SOMERDALE, NJ 08083                First                  10/24/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102013         DIBBLEE                            One to Four Family     360              45,500.00          455.45
                  1303  GENESEE STREET               Owner Occupied          70.00           45,485.90          11.640
                  TRENTON, NJ 08610                  First                  10/16/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102016         BLAKELY                            One to Four Family     360              22,500.00          231.27
                  3014  CARMEN STREET                Owner Occupied          75.00           22,493.54          11.990
                  CAMDEN, NJ 08105                   First                  10/14/2027       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  92      Page Balance:   $465,815.50    Generated By: Dmenegus
<PAGE>   95
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7102017         EDWARDS                            One to Four Family     180              58,370.00          656.49
                  1621  COLONY LANE                  Owner Occupied          38.40           58,239.00          10.810
                  HAVERTOWN, PA 19083                First                  10/27/2012      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102018         DERADO JR.                         One to Four Family     180              70,000.00          794.74
                  100  WILLIAM STREET                Owner Occupied          59.32           69,845.76          10.980
                  CARTERET,, NJ 07008                Second                 10/27/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7102019         KEENA                              One to Four Family     120              26,000.00          357.71
                  9350  LAKESIDE DRIVE               Owner Occupied           8.67           25,879.97          10.970
                  VIENNA, VA 22182                   Second                 10/28/2007      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103103         BENJAMIN                           One to Four Family     240             124,000.00        1,192.52
                  1004  MORRIS STREET                Owner Occupied          80.00          123,835.65           9.950
                  ROSELLE, NJ 07203                  First                  10/03/2017      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103105         KELLY                              One to Four Family     240              28,000.00          288.06
                  1721  SCOTT STREET                 Owner Occupied          80.00           27,967.44          10.950
                  MC KEESPORT,, PA 15132             First                  10/14/2017       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103107         BELL                               One to Four Family     180              35,000.00          392.33
                  1515  EAST ELMER ROAD              Owner Occupied          28.00           34,921.21          10.750
                  CITY OF VINELAND, NJ 08360         Second                 10/20/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103110         SANTIAGO                           One to Four Family     180              22,000.00          257.00
                  1666  BURNET AVENUE                Owner Occupied          15.94           21,953.83          11.500
                  TOWNSHIP OF UNION, NJ 07083        Second                 10/27/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103111         BRESLOW                            One to Four Family     180              35,000.00          392.33
                  45  NORTH 19TH AVENUE              Owner Occupied          25.93           34,921.21          10.750
                  BORO OF MANVILLE,, NJ 08835        First                  10/27/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103112         AGUISTE                            One to Four Family     180              21,200.00          253.75
                  448  450 SOUTH 13TH STREE          Owner Occupied          20.19           21,157.37          11.950
                  NEWARK CITY,, NJ 07103             Second                 10/28/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103113         ZENJ-RA                            One to Four Family     180              47,600.00          578.96
                  875  TERNAY AVENUE                 Owner Occupied          22.88           47,456.96          12.250
                  SCOTCH PLAINS, TWP., NJ 07076      Second                 10/29/2012      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7103115         EVERLY                             One to Four Family     180              29,750.00          337.20
                  533  1ST STREET                    Owner Occupied          80.41           29,684.27          10.950
                  CHARLEROI,, PA 15022               First                  10/28/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104002         DIAZ                               One to Four Family     240              86,400.00          848.14
                  66  NORTH 8TH STREET               Owner Occupied          80.00           86,289.86          10.250
                  PATERSON, NJ 07522                 First                  10/14/2017      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  93      Page Balance:   $582,152.53    Generated By: Dmenegus
<PAGE>   96
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7104003         ATKINSON                           One to Four Family     360             160,000.00        1,463.59
                  417  E. 93RD STREET                Owner Occupied          80.00          159,872.26          10.500
                  BROOKLYN, NY 11212                 First                  10/01/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104005         MUNLIN                             One to Four Family     240              55,000.00          539.91
                  346  A DECATUR STREET              Owner Occupied          34.38           54,859.16          10.250
                  BROOKLYN, NY 11233                 Second                 09/26/2017      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104006         BARCIA                             One to Four Family     240              50,000.00          541.86
                  46  WHITEWOOD AVENUE               Owner Occupied          20.00           49,947.72          11.750
                  NEW ROCHELLE, NY 10805             Second                 10/08/2017      250,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7104007         PEACE                              One to Four Family     240              30,000.00          304.57
                  1  RAINBOW LANE                    Owner Occupied          18.18           29,928.04          10.750
                  LEVITTOWN,, NY 11756               Second                 09/24/2017      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104008         WORRELL                            One to Four Family     360              35,000.00          353.30
                  47  RHODE ISLAND AVENUE            Owner Occupied          36.46           34,989.41          11.750
                  EAST ORANGE,, NJ 07018             First                  10/07/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104009         SANCHEZ                            One to Four Family     180              26,000.00          303.73
                  95  05 97TH AVENUE                 Owner Occupied          16.25           25,945.44          11.500
                  JAMAICA, NY 11416                  Second                 10/07/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104101         TINDLEY                            One to Four Family     180              63,500.00          835.02
                  2260  HAMPDEN PLACE                Owner Occupied          50.00           63,283.93          13.750
                  BRONX, NY 10468                    First                  09/22/2012      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104103         frasier                            One to Four Family     120              95,000.00        1,254.91
                  3333  GUNTHER AVENUE               Owner Occupied          59.38           94,068.07           9.990
                  bronx, NY 10469                    First                  09/23/2007      160,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7104105         FOX                                One to Four Family     240             116,000.00        1,158.12
                  45  ZAVATT STREET                  Owner Occupied          80.00          115,712.51          10.500
                  INWOOD, NY 11096                   First                  09/17/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104106         MCLAREN                            One to Four Family     360             140,250.00        1,441.55
                  68  CUNNINGHAM STREET              Owner Occupied          85.00          140,209.78          11.990
                  UNIONDALE, NY 11553                First                  10/06/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104107         SCOTT                              One to Four Family     180             115,000.00        1,317.22
                  942  EAST 220TH STREET             Owner Occupied          65.71          114,952.80          13.500
                  BRONX, NY 10469                    First                  09/23/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104108         COUDAKIS                           One to Four Family     240              48,000.00          528.19
                  271  MAYBURY AVENUE                Owner Occupied          24.00           47,951.41          11.990
                  STATEN ISLAND, NY 10308            Second                 10/03/2017      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  94      Page Balance:   $931,720.53    Generated By: Dmenegus
<PAGE>   97
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7104109         ALVAREZ                            One to Four Family     360              90,000.00        1,065.67
                  216  22ND STREET                   Owner Occupied          60.00           89,983.58          13.990
                  BROOKLYN, NY 11232                 First                  10/08/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104111         BUONO                              One to Four Family     360              62,000.00          613.98
                  316  19TH STREET                   Owner Occupied          42.91           61,980.19          11.500
                  BROOKLYN, NY 11215                 First                  10/09/2027      144,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104112         CRUZ                               One to Four Family     360             147,000.00        1,568.87
                  156  BEACH 96TH STREET             Owner Occupied          70.00          146,962.38          12.500
                  FAR ROCKAWAY BEACH, NY 11693       First                  10/09/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104114         SILVER                             One to Four Family     360             126,000.00        1,104.81
                  525  LEFFERTS AVENUE               Owner Occupied          74.12          125,944.14           9.990
                  BROOKLYN, NY 11225                 First                  10/17/2027      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104115         MAYO                               One to Four Family     180             131,000.00        1,448.10
                  132  07 135TH AVENUE               Owner Occupied          74.86          130,939.63          12.990
                  SOUTH OZONE PARK, NY 11420         First                  09/26/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105001         IADEVAIA                           One to Four Family     360             154,000.00        1,437.56
                  212  GORDON AVENUE                 Owner Occupied          70.00          153,883.53          10.750
                  WESTBURY, NY 11590                 First                  10/01/2027      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105005         ABRAHAM                            One to Four Family     180             136,500.00        1,351.75
                  16  PARK STREET                    Owner Occupied          65.00          136,412.33          11.500
                  BROOKLYN, NY 11206                 First                  10/01/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105007         FUENTES, JR.                       One to Four Family     180              92,500.00          811.07
                  88  22 214TH STREET                Owner Occupied          64.69           92,458.99           9.990
                  QUEENS VILLAGE, NY 11427           First                  10/08/2012      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105012         JOHNSON                            One to Four Family     360             124,000.00        1,087.27
                  779  QUINCY STREET                 Owner Occupied          80.00          123,889.60           9.990
                  BROOKLYN, NY 11221                 First                  09/23/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105020         QUAIL                              One to Four Family     360              60,000.00          526.10
                  45  ASHFORD STREET                 Owner Occupied          75.00           59,946.58           9.990
                  ALLSTON, MA 02134                  First                  09/17/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105023         JACKSON                            One to Four Family     180              80,000.00          947.26
                  72  38 ELIZABETH AVENUE            Owner Occupied          55.17           79,970.65          13.990
                  ARVERNE, NY 13021                  First                  09/15/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105030         JORDAN                             One to Four Family     240              42,250.00          450.57
                  1021  10TH AVENUE S.               Owner Occupied          65.00           42,204.33          11.500
                  ST. PETERSBURG, FL 33705           First                  10/03/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  95      Page Balance: $1,244,575.93    Generated By: Dmenegus
<PAGE>   98
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105035         ANDERSEN                           One to Four Family     360             149,500.00        1,422.59
                  6620  JAY AVENUE                   Owner Occupied          65.00          149,446.58          10.990
                  MASPETH, NY 11378                  First                  10/08/2027      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105036         BRATCHER                           One to Four Family     180              22,000.00          263.90
                  2459  GILLIAM ROAD                 Owner Occupied          26.51           21,911.40          11.990
                  ELON  COLLEGE, NC 27244            First                  09/10/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105037         RUIZ                               One to Four Family     120             100,000.00        1,391.69
                  1719  UNION STREET                 Owner Occupied          39.68           99,545.81          11.250
                  NEW ROCHELLE, NY 10805             First                  10/02/2007      252,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105044         SHEELY                             One to Four Family     180              47,600.00          471.38
                  715  AVENUE  I                     Owner Occupied          70.00           47,569.43          11.500
                  RIVERA BEACH, FL 33404             First                  10/01/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105047         WRIGHT                             One to Four Family     360             126,000.00        1,129.09
                  759  HOME STREET                   Owner Occupied          70.00          125,893.87          10.250
                  BRONX, NY 10456                    First                  10/01/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105048         SHIVSAWAK                          One to Four Family     180             109,200.00        1,309.88
                  293  PULASKI STREET                Owner Occupied          65.00          108,760.23          11.990
                  BROOKLN, NY 11206                  First                  10/01/2012      168,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105055         OLSEN                              One to Four Family     180              60,000.00          700.91
                  309  WILSON AVENUE                 Owner Occupied          44.44           59,874.09          11.500
                  BROOKLYN, NY 11237                 First                  10/02/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105056         HARRIS                             One to Four Family     360             140,000.00        1,332.20
                  179  37 ZOLLER ROAD                Owner Occupied          80.00          139,899.48          10.990
                  JAMAICA, NY 11434                  First                  10/01/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105057         DAMON                              One to Four Family     240             212,500.00        2,085.99
                  1253  ROGERS AVENUE                Owner Occupied          85.00          211,955.91          10.250
                  BROOKLYN, NY 11226                 First                  09/17/2017      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105058         ZYSMAN                             One to Four Family     360              75,000.00          700.11
                  540  BOURDIAS AVNUE                Owner Occupied          75.00           74,971.77          10.750
                  BELLPORT, NY 11713                 First                  10/07/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105059         ZYSMAN                             One to Four Family     360              75,000.00          700.11
                  526  BOURDOIS AVENUE               Owner Occupied          75.00           74,971.77          10.750
                  BELLPORT, NY 11713                 First                  10/07/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105060         GAUTHIER                           One to Four Family     180              70,000.00          719.49
                  69  SCHOOL STREET                  Owner Occupied          70.35           69,959.66          11.990
                  WINCHENDON,, MA 01475              First                  09/24/2012       99,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  96      Page Balance: $1,184,760.00    Generated By: Dmenegus
<PAGE>   99
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105063         MUINO                              One to Four Family     180              38,000.00          408.12
                  101  ABBEY STREET                  Owner Occupied          19.79           37,908.23           9.990
                  MASSAPEQUA, NY 11762               Second                 10/03/2012      192,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105064         SMITH                              One to Four Family     180              52,250.00          517.43
                  6  WELLINGTON TERRACE              Owner Occupied          19.35           52,216.44          11.500
                  WHITE PLAINS, NY 10607             Second                 10/01/2012      270,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105065         RADU                               One to Four Family     180              40,000.00          467.28
                  23  WINHAM AVENUE                  Owner Occupied          21.05           39,916.05          11.500
                  STATEN ISLAND, NY 10306            Second                 10/07/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105067         SULLIVAN                           One to Four Family     180             104,000.00        1,109.14
                  780  BEDFORD STREET                Owner Occupied          65.00          103,946.38          12.490
                  FALL RIVER, MA 02720               First                  09/12/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105069         PITTELKO                           One to Four Family     240              42,000.00          433.23
                  740  WYNGATE DRIVE WEST            Owner Occupied          18.67           41,902.40          10.990
                  NORTH VALLEY STREAM, NY 11580      Second                 09/24/2017      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105071         SALOMONE                           One to Four Family     120             128,000.00        1,638.82
                  470  GRENADON LANE                 Owner Occupied          74.85          126,690.67           9.250
                  NORTH BABYLON, NY 11703            First                  10/01/2007      171,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105077         COFIELD                            One to Four Family     180              50,600.00          579.18
                  7509  CASS HOLT ROAD               Owner Occupied          55.00           50,579.18          13.490
                  HOLLY SPRINGS, NC 27540            First                  10/01/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105079         ORAPOLLO                           One to Four Family     240              75,000.00          711.39
                  2153  HENDRICKSON STREET           Owner Occupied          46.88           74,897.99           9.750
                  BROOKLYN, NY 11234                 First                  10/07/2017      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105081         MONTUORI                           One to Four Family     360             123,500.00        1,438.91
                  2891  ROCKAWAY AVENUE              Owner Occupied          65.00          123,452.11          13.750
                  OCEANSIDE, NY 11572                First                  09/25/2027      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105083         HANLEY                             One to Four Family     180              36,000.00          386.64
                  861  MANOR ROAD                    Owner Occupied          22.78           35,825.40           9.990
                  STATEN ISLAND, NY 10314            Second                 09/11/2012      158,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105084         DUARTE                             One to Four Family     360              93,000.00          741.62
                  15  GLENWOOD STREET                Owner Occupied          64.14           92,948.13           8.900
                  PATCHOGUE, NY 11772                First                  10/03/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105087         ALI                                One to Four Family     360             182,750.00        1,602.41
                  95  27 123RD STREET                Owner Occupied          85.00          182,587.29           9.990
                  RICHMOND HILL, NY 11419            First                  09/22/2027      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  97      Page Balance:   $962,870.27    Generated By: Dmenegus
<PAGE>   100
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105090         SANTANA                            One to Four Family     360             212,000.00        1,782.61
                  1661  EAST 172ND STREET            Owner Occupied          77.09          211,790.62           9.500
                  BRONX, NY 10472                    First                  10/01/2027      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105091         MCCALLA                            One to Four Family     360             192,700.00        1,620.33
                  603  MILLER AVENUE                 Owner Occupied          82.00          192,605.21           9.500
                  BROOKLYN, NY 11207                 First                  10/03/2027      235,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105093         RISTER                             One to Four Family     360             189,000.00        1,589.21
                  727  AVENUE M                      Owner Occupied          70.00          188,813.34           9.500
                  BROOKLYN, NY 11230                 First                  10/01/2027      270,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105095         GRANT                              One to Four Family     360             208,250.00        1,751.08
                  833  CHESS DRIVE                   Owner Occupied          85.00          208,044.32           9.500
                  BALDWIN, NY 11510                  First                  10/01/2027      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105096         HARRISON                           One to Four Family     180              44,500.00          485.03
                  137  52 233RD STREET               Owner Occupied          18.16           44,289.25          10.250
                  LAURELTON, NY 11422                Second                 09/16/2012      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105097         CARTWRIGHT                         One to Four Family     180              65,000.00          765.53
                  311  PETTIT DRIVE                  Owner Occupied          47.10           64,729.72          11.650
                  NAPLES, FL 33933                   First                  10/01/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105098         WIESEN                             One to Four Family     240              45,000.00          431.28
                  19  POLO LANE                      Owner Occupied          25.71           44,939.97           9.900
                  WESTBURY, NY 11590                 Second                 10/07/2017      175,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105099         WILLIAMS                           One to Four Family     360             139,500.00        1,250.06
                  84  MEMPHIS AVENUE                 Owner Occupied          90.00          139,382.50          10.250
                  SOUTH FLORAL PARK, NY 11003        First                  09/26/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105100         MARTIN                             One to Four Family     180              60,000.00          644.40
                  8  WEDGEWOOD DRIVE                 Owner Occupied          25.21           59,708.99           9.990
                  HAVERHILL, MA 01830                Second                 10/01/2012      238,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105106         WEIDNER                            One to Four Family     360              96,000.00          896.14
                  1274  SAXON AVENUE                 Owner Occupied          76.80           95,927.40          10.750
                  BAY SHORE, NY 11706                First                  09/19/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105107         VANDERLOUW                         One to Four Family     180              31,500.00          299.74
                  327  EAST 300 NORTH                Owner Occupied          50.00           31,477.39          10.990
                  RICHFIELD, UT 84701                First                  09/19/2012       69,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105108         PARKER                             One to Four Family     180              36,200.00          397.35
                  6  LOVELL ROAD                     Owner Occupied          16.45           36,030.68          10.380
                  HAMPTON BAYS, NY 11946             Second                 09/11/2012      220,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  98      Page Balance: $1,317,739.39    Generated By: Dmenegus
<PAGE>   101
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105109         SELLIER                            One to Four Family     180             158,000.00        1,795.82
                  414  BEACH 22ND STREET             Owner Occupied          71.82          157,652.51          11.000
                  FAR ROCKAWAY,, NY 11691            First                  10/07/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105115         ZEIGLER                            One to Four Family     360             101,000.00          849.26
                  115  45 169TH STREET               Owner Occupied          67.33          100,900.25           9.500
                  JAMAICA, NY 11434                  First                  09/22/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105116         TIMO                               One to Four Family     180              62,000.00          567.14
                  381  WEST 210 SOUTH                Owner Occupied          30.24           61,975.36          10.500
                  LAVERKIN, UT 84745                 First                  10/08/2012      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105118         WILLIAMS                           One to Four Family     180              25,000.00          292.05
                  134  EAST MARKET STREET            Owner Occupied          13.16           24,947.53          11.500
                  LONG BEACH, NY 11561               Second                 10/02/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105120         BRONCATELLO                        One to Four Family     180              16,500.00          192.75
                  16670  133RD DRIVE N               Owner Occupied          11.70           16,430.42          11.500
                  JUPITER, FL 33478                  Second                 10/01/2012      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105121         RICHARDSON                         One to Four Family     180              20,000.00          220.96
                  432  MASSAPOAG AVENUE              Owner Occupied          13.25           19,907.34          10.490
                  SHARON, MA 02067                   First                  10/01/2012      151,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105122         HARMAN                             One to Four Family     180              20,000.00          239.91
                  24  26 MAINNING STREET             Owner Occupied           9.30           19,919.44          11.990
                  MEDFORD, MA 02155                  Second                 09/26/2012      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105123         ANKELMAN                           One to Four Family     120              24,000.00          317.03
                  31  EAST JACKSON AVENUE            Owner Occupied          19.05           23,764.56           9.990
                  BABYLON VILLAGE,, NY 11702         Second                 10/01/2007      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105127         WATSON                             One to Four Family     240              10,000.00           96.50
                  114  43 212TH STREEET              Owner Occupied           6.67            9,986.83          10.000
                  CAMBRIA HEIGHTS NEW, NY 11411      Second                 10/06/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105129         HEATH                              One to Four Family     180              25,000.00          320.43
                  2539  WORWICK CIRCLE NE            Owner Occupied          16.67           24,910.73          13.250
                  ATLANTA, GA 30345                  First                  10/01/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105131         PRIME                              One to Four Family     360             160,000.00        1,433.76
                  112  38 200TH STREET               Owner Occupied          82.05          159,932.91          10.250
                  JAMAICA, NY 11412                  First                  10/08/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105141         BROOKS                             One to Four Family     360             112,000.00        1,143.43
                  127  RIDGE ROAD                    Owner Occupied          59.89          111,934.15          11.900
                  RIDGE, NY 11961                    First                  09/22/2027      187,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  99      Page Balance:   $732,262.03    Generated By: Dmenegus
<PAGE>   102
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105142         HORSHAM                            One to Four Family     360              81,200.00          711.99
                  150  21 115TH AVENUE               Owner Occupied          56.00           81,127.70           9.990
                  JAMAICA, NY 11434                  First                  10/01/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105144         BURDEN                             One to Four Family     180              25,000.00          261.06
                  6165  MICHELE DRIVE                Owner Occupied          12.76           24,873.21           9.500
                  PRESCOTT, AZ 86301                 Second                 10/01/2012      196,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105145         GARTNER                            One to Four Family     360              75,000.00          713.68
                  21  SECOND AVE.                    Owner Occupied          75.00           74,946.14          10.990
                  BAY SHORE, NY 11706                First                  10/01/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105147         FITZSIMONS                         One to Four Family     360             124,000.00        1,020.12
                  42  NOAHS PATH                     Owner Occupied          82.67          123,935.71           9.250
                  ROCKY POINT, NY 11778              First                  10/07/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105148         JACKSON                            One to Four Family     360             112,000.00          974.61
                  61  LEGION STREET                  Owner Occupied          80.00          111,949.39           9.900
                  Brooklyn, NY 11212                 First                  10/08/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105149         THURSTON                           One to Four Family     360              75,000.00          657.63
                  15  BEECH STREET                   Owner Occupied          65.22           74,933.21           9.990
                  WYANDANCH, NY 11798                First                  10/01/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105151         SEGERDAHL                          One to Four Family     180             138,500.00        1,530.98
                  1984  NEWBRIDGE ROAD               Owner Occupied          84.97          138,180.90          10.500
                  BELLMORE, NY 11710                 First                  10/10/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105152         SILVA                              One to Four Family     180              42,800.00          499.99
                  9790  SW 216 TERRACE               Owner Occupied          24.32           42,619.49          11.500
                  MIAMI, FL 33190                    Second                 10/01/2012      176,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105154         YARBROUGH                          One to Four Family     240              48,000.00          495.12
                  478  BROADWAY                      Owner Occupied          28.24           47,888.45          10.990
                  STATEN ISLAND, NY 10310            Second                 09/15/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105155         RAGHUBAR                           One to Four Family     240              55,000.00          567.33
                  79  21 60TH LANE                   Owner Occupied          25.00           54,936.38          10.990
                  GLENDALE, NY 11385                 Second                 10/08/2017      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105156         WARD                               One to Four Family     360             128,000.00        1,122.35
                  108  49 164TH STREET               Owner Occupied          80.00          127,886.03           9.990
                  JAMAICA, NY 11433                  First                  09/22/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105157         WILLIAMS                           One to Four Family     360              25,000.00          237.89
                  764  W. 3RD STREET                 Owner Occupied          46.30           24,982.06          10.990
                  RIVIERA  BEACH, FL 33404           First                  09/19/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  100      Page Balance:  $928,258.67    Generated By: Dmenegus
<PAGE>   103
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105158         VALENTE                            One to Four Family     360              67,200.00          742.84
                  16  GROVE STREET                   Owner Occupied          70.00           67,169.03          12.990
                  ONSET, MA 02558                    First                  10/01/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105160         PERSAUD                            One to Four Family     180              35,300.00          395.72
                  104  28 120ND STREET               Owner Occupied          18.10           35,140.31          10.750
                  OZONE PARK, NY 11417               Second                 10/01/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105162         FIDLER                             One to Four Family     360              23,500.00          287.77
                  535  NORTH PARTRIDGE STRE          Owner Occupied          50.00           23,496.19          14.500
                  LABANON,, PA 17046                 First                  10/10/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105163         TULLOCH                            One to Four Family     360             136,500.00        1,274.20
                  411  SOUTH FULTON AVENUE           Owner Occupied          70.00          136,396.76          10.750
                  MT.  VERNON, NY 10553              First                  10/01/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105164         ACUNA                              One to Four Family     240              47,000.00          477.16
                  2428  84TH STREET                  Owner Occupied          26.11           46,887.26          10.750
                  FLUSHING, NY 11370                 Second                 09/22/2017      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105165         HADZIBRAHIMOVIC                    One to Four Family     180              54,000.00          613.42
                  25  77 38TH STREET                 Owner Occupied          22.04           53,761.17          10.990
                  ASTORIA  QUEENS, NY 11103          Second                 10/01/2012      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105167         TEAHAN                             One to Four Family     360             188,000.00        1,648.45
                  62  BLUEBIRD DRIVE                 Owner Occupied          75.20          187,916.65           9.990
                  SYOSSET, NY 11791                  First                  10/07/2027      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105168         STUART                             One to Four Family     360             150,000.00        1,541.76
                  500  VAN  BUREN  STREET            Owner Occupied          75.00          149,913.55          11.990
                  BROOKLYN, NY 11221                 First                  10/01/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105169         FAIN                               One to Four Family     360             115,000.00        1,000.72
                  111  48 168TH STREET               Owner Occupied          77.70          114,948.03           9.900
                  JAMAICA, NY 11433                  First                  10/06/2027      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105172         FINGER                             One to Four Family     180             125,600.00        1,388.38
                  95  TOWER STREET                   Owner Occupied          80.00          125,310.62          10.500
                  HUNTINGTON STATION, NY 11746       First                  10/06/2012      157,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105173         CARRIERI                           One to Four Family     360             191,250.00        1,676.94
                  75  LAKE STREET                    Owner Occupied          85.00          191,079.73           9.990
                  BROOKLYN, NY 11223                 First                  09/19/2027      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105176         SMITH                              One to Four Family     360              94,400.00          827.73
                  9045  S, ALBANY                    Owner Occupied          80.00           94,358.15           9.990
                  EVERGREEN PARK,, IL 60805          First                  10/08/2027      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  101      Page Balance: $1,226,377.45   Generated By: Dmenegus
<PAGE>   104
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105177         STUERWALD                          One to Four Family     180              18,500.00          198.69
                  23  DIVISION STREET                Owner Occupied          37.00           18,410.27           9.990
                  COHOES, NY 12047                   Second                 10/01/2012       50,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105184         LAREZZA                            One to Four Family     240              50,000.00          482.18
                  45  NORTH 19TH ST.                 Owner Occupied          19.61           49,800.56           9.990
                  KENILWORTH, NJ 07033               Second                 09/01/2017      255,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105185         BRACKETT                           One to Four Family     240              72,000.00          712.80
                  26  STATE STREET                   Owner Occupied          46.45           71,818.92          10.380
                  SARATOGA SPRING,, NY 12866         Second                 09/22/2017      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105187         WESSELLS                           One to Four Family     360              53,600.00          489.90
                  8543  TINDLEY ROAD                 Owner Occupied          80.00           53,557.12          10.490
                  NEWARK,, MD 21841                  First                  10/01/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105188         VALIYI                             One to Four Family     360              55,300.00          516.22
                  734  GROVE AVE.                    Owner Occupied          70.00           55,278.40          10.750
                  INDIANAPOLIS,, IN 46203            First                  10/06/2027       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105189         DRAKE                              One to Four Family     180             150,000.00        1,896.88
                  361  WEST 52ND ST                  Owner Occupied          21.43          149,726.87          12.990
                  NEW YORK, NY 10019                 First                  10/09/2012      700,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105190         CLARK                              One to Four Family     120              35,000.00          462.33
                  1816  SELMA AVENUE                 Owner Occupied          25.55           34,829.05           9.990
                  BALTIMORE, MD 21227                Second                 10/08/2007      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105191         CADOGAN                            One to Four Family     360             100,000.00          989.53
                  3110  PERRY ST.                    Owner Occupied          80.00           99,967.97          11.490
                  MT. RANIER, MD 20712               First                  10/08/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105192         SAMIMI                             One to Four Family     180              18,250.00          191.24
                  38  158TH PLACE SE                 Owner Occupied          10.03           18,240.07          12.250
                  BELLEVUE, WA 98008                 Second                 10/01/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105193         HOLMES                             One to Four Family     180              52,200.00          577.03
                  2636  WARRENTON ROAD               Owner Occupied          60.00           52,175.94          12.990
                  HENDERSON, NC 27536                First                  10/01/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105194         JAMES                              One to Four Family     360             129,500.00        1,431.52
                  860  EAST 23TH STREET              Owner Occupied          70.00          129,470.32          12.990
                  BRONX, NY 10466                    First                  10/07/2027      185,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105195         DEL FRANCO                         One to Four Family     180              20,000.00          227.19
                  14  HILLTOP LANE                   Owner Occupied          12.50           19,955.98          10.990
                  RIDGE, NY 11961                    Second                 10/08/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  102      Page Balance:  $753,231.47    Generated By: Dmenegus
<PAGE>   105
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105196         RUFF                               One to Four Family     360              95,000.00          869.00
                  35  HART STREET                    Owner Occupied          54.29           94,962.25          10.500
                  BROOKLYN, NY 11206                 First                  10/08/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105199         MENESES                            One to Four Family     120              20,000.00          267.08
                  31  03 90TH ST.                    Owner Occupied           7.02           19,903.75          10.250
                  EAST ELMHURST, NY 11369            Second                 10/10/2007      285,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105200         COLLIER                            One to Four Family     360             199,750.00        1,738.21
                  9209  LINHURST DRIVE               Owner Occupied          85.00          199,568.71           9.900
                  CLINTON, MD 20735                  First                  10/01/2027      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105201         WHITLOW                            One to Four Family     240              10,000.00           99.84
                  2601  NE14TH CAUSEWAY # 44         Owner Occupied          22.22            9,987.66          10.500
                  POMPANO BEACH, FL 33062            First                  10/06/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105203         MAURO                              One to Four Family     180              85,000.00          730.28
                  3593  DUTCH CIRCLE                 Owner Occupied          44.97           84,920.37           9.750
                  SANTA CLARA, UT 84765              First                  09/26/2012      189,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105205         COLEY SR                           One to Four Family     180              20,405.00          228.73
                  617  FIRST AVENUE                  Owner Occupied          70.00           20,312.71          10.750
                  NEW BERN, NC 28560                 First                  09/24/2012       29,150.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105206         GOLDSTEIN                          One to Four Family     240             140,000.00        1,350.10
                  3325  AVENUE J                     Owner Occupied          80.00          139,815.40           9.990
                  BROOKLYN, NY 11210                 First                  10/07/2017      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105207         GIBBONS                            One to Four Family     120              20,000.00          269.87
                  457  LINCOLN AVE.                  Owner Occupied          14.08           19,905.13          10.500
                  SAYVILLE, NY 11782                 First                  10/06/2007      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105208         GAYLE                              One to Four Family     360             116,250.00        1,194.87
                  1719  EAST NEW YORK AVE.           Owner Occupied          75.00          116,216.66          11.990
                  BROOKLYN, NY 11212                 First                  10/07/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105209         QUARLES                            One to Four Family     360              75,000.00          888.06
                  15  RONEK DRIVE                    Owner Occupied          60.00           74,986.32          13.990
                  AMITYVILLE, NY 11701               First                  10/16/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105210         RICHARDSON                         One to Four Family     360              70,000.00          583.50
                  8051  SOUTH ARTESIAN               Owner Occupied          71.43           69,964.83           9.400
                  CHICAGO,, IL 60652                 First                  10/08/2027       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105213         FILIPPO                            One to Four Family     180              25,000.00          264.84
                  55  FLETCHER AVE. A/K/A            Owner Occupied          11.21           24,938.29           9.750
                  VALLEY STREAM, NY 11580            Second                 10/07/2012      223,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  103      Page Balance:  $875,482.08    Generated By: Dmenegus
<PAGE>   106
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105214         DICKIE                             One to Four Family     360             100,000.00          786.70
                  13  MARSHALL STREET                Owner Occupied          76.92           99,942.47           8.750
                  OXFORD, MA 01540                   First                  10/06/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105215         JACKSON                            One to Four Family     180             124,000.00        1,134.28
                  59  SUNSET DRIVE                   Owner Occupied          80.00          123,950.72          10.500
                  HUNTINGTON, NY 11743               First                  10/14/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105217         EVANS                              One to Four Family     180              35,000.00          401.11
                  2100  NE 27TH COURT                Owner Occupied          20.59           34,847.49          11.150
                  LIGHTHOUSE POINT, FL 33064         Second                 10/01/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105218         MCNALLY                            One to Four Family     180             191,750.00        2,552.33
                  325  & 327 STuYVESTANT AV          Owner Occupied          65.00          191,433.16          13.990
                  BROOKLYN, NY 11221                 First                  10/07/2012      295,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105219         CAPENTANDES                        One to Four Family     120              38,000.00          491.71
                  168  NASSAU BLVD                   Owner Occupied          16.89           37,809.12           9.500
                  GARDEN CITY SOUTH, NY 11530        Second                 10/07/2007      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105220         SINGH                              One to Four Family     180              40,000.00          411.68
                  50  34 64TH STREET                 Owner Occupied          19.05           39,896.65           9.250
                  WOODSIDE, NY 11377                 Second                 10/07/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105221         AZOUZ                              One to Four Family     180              25,000.00          272.49
                  1462  STEPHEN MARC LANE            Owner Occupied          11.11           24,941.05          10.250
                  EAST MEADOW, NY 11554              Second                 10/17/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105222         GARDEN                             One to Four Family     360             136,000.00        1,192.49
                  139  WICKS ROAD                    Owner Occupied          84.47          135,939.71           9.990
                  BRENTWOOD,, NY 11717               First                  10/16/2027      161,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105224         SUTTON                             One to Four Family     360             101,600.00          890.86
                  6707  VALLEY PARK ROAD             Owner Occupied          80.00          101,554.96           9.990
                  CAPITAL HEIGHTS, MD 20743          First                  10/10/2027      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105225         BANKS                              One to Four Family     180              34,000.00          402.59
                  1630  AVENUE  F                    Owner Occupied          50.00           33,993.79          13.990
                  RIVIERA  BEACH, FL 33404           First                  10/03/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105227         VOLK                               One to Four Family     180              10,000.00          116.82
                  3739  SW 11TH PLACE                Owner Occupied           9.43            9,979.01          11.500
                  CAPE CORAL, FL 33914               Second                 10/10/2012      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105228         ROBINSON                           One to Four Family     180             114,000.00        1,194.60
                  321  CHAUNCEY STREET               Owner Occupied          60.00          113,937.88          12.250
                  BROOKLYN, NY 11216                 First                  10/01/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  104      Page Balance:  $948,226.01    Generated By: Dmenegus
<PAGE>   107
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105229         GONDAL                             One to Four Family     180              94,500.00        1,030.00
                  5570  NW 101ST COURT               Owner Occupied          70.00           94,277.19          10.250
                  MIAMI, FL 33178                    First                  10/03/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105230         JAMES                              One to Four Family     180             145,000.00        1,549.32
                  217  03  137TH AVENUE              Owner Occupied          74.36          144,646.93           9.900
                  LAURELTON, NY 11413                First                  10/09/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105231         BUONAFEDE                          One to Four Family     360              98,000.00          859.30
                  2433  WEST 1ST. STREET             Owner Occupied          40.00           97,912.74           9.990
                  BROOKLYN,, NY 11223                Second                 09/23/2027      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105232         DIDONNA                            One to Four Family     240              55,800.00          552.42
                  1958  WEST 5TH STREET              Owner Occupied          33.82           55,730.02          10.380
                  BROOKLYN,, NY 11223                Second                 10/14/2017      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105235         CAMPBELL                           One to Four Family     360              96,000.00          913.51
                  38  WHITEHOUSE AVENUE              Owner Occupied          73.85           95,965.69          10.990
                  ROOSEVELT, NY 11575                First                  10/14/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105236         UNEBERT                            One to Four Family     180              75,900.00          862.68
                  8  BASS COURT                      Owner Occupied          42.64           75,733.07          11.000
                  SMITHTOWN, NY 11787                Second                 10/13/2012      178,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105237         BYRNE                              One to Four Family     240              22,800.00          212.53
                  268  SCOTTSDALE SQUARE,UN          Owner Occupied          80.00           22,735.69           9.500
                  WINTER PARK, NY 32792              First                  09/10/2017       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105238         BAKER                              One to Four Family     360              55,000.00          565.31
                  448  DECATUR STREET                Owner Occupied          28.95           54,984.23          11.990
                  BROOKLYN, NY 11233                 First                  10/14/2027      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105239         BANKS                              One to Four Family     180              28,000.00          331.54
                  1370  W 1ST STREET                 Owner Occupied          50.00           27,994.89          13.990
                  RIVIERA  BEACH, FL 33404           First                  10/03/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105240         OGINSKY                            One to Four Family     120              13,000.00          179.00
                  2717  AMBOY ROAD                   Owner Occupied           5.91           12,940.06          10.990
                  STATEN ISLAND, NY 10306            Second                 10/14/2007      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105241         JONES                              One to Four Family     180              14,000.00          163.46
                  2104  GAITHER STREET               Owner Occupied           8.00           13,970.59          11.490
                  TEMPLE HILLS, MD 20748             Second                 10/06/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105242         GRIFFITH                           One to Four Family     240              20,750.00          214.04
                  1845  NEW YORK AVENUE              Owner Occupied          10.98           20,726.00          10.990
                  BROOKLYN, NY 11210                 Second                 10/06/2017      189,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  105      Page Balance:  $717,617.10    Generated By: Dmenegus
<PAGE>   108
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105245         EFIMOFF                            One to Four Family     360              44,500.00          374.18
                  90  KILSYTH ROAD                   Owner Occupied          78.07           44,456.05           9.500
                  BRIGHTON, MA 02135                 First                  10/01/2027       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105246         FRY                                One to Four Family     120              19,500.00          265.86
                  300  N FRODENS ROAD                Owner Occupied          48.75           19,316.84          10.750
                  LAKE WALES, FL 33853               First                  10/01/2007       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105247         MURPHY                             One to Four Family     360             136,000.00        1,223.76
                  87  DEBEVOISE AVENUE               Owner Occupied          85.00          135,943.57          10.300
                  ROOSEVELT, NY 11575                First                  10/06/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105248         MCKINNEY                           One to Four Family     360              71,000.00          596.49
                  1514  WHITE PLACE SE               Owner Occupied          84.52           70,849.38           9.490
                  WASHINGTON, DC 20020               First                  10/06/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105250         CANTRELL                           One to Four Family     180              24,000.00          272.63
                  138  07 230TH PLACE                Owner Occupied          14.55           23,947.17          10.990
                  LAURELTON, NY 11413                Second                 10/09/2012      165,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105253         COLON                              One to Four Family     180              20,000.00          221.08
                  143  06 21ST ROAD                  Owner Occupied           9.30           19,953.92          10.500
                  WHITESTONE,, NY 11357              Second                 10/13/2012      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105256         MURPHY                             One to Four Family     360             144,000.00        1,210.83
                  87  DIAMOND STREET                 Owner Occupied          80.00          143,929.17           9.500
                  LAKE RONKONKOMA, NY 11779          First                  10/17/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105258         BEZDUCH                            One to Four Family     360              36,850.00          407.35
                  96  BRESLIN AVENUE                 Owner Occupied          55.00           36,841.55          12.990
                  COHOES, NY 12047                   First                  10/06/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105261         LEIB                               One to Four Family     240             150,000.00        1,437.61
                  63  15 ALDERTON STREET             Owner Occupied          54.55          149,799.89           9.900
                  REGO PARK, NY 11374                First                  10/08/2017      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105262         HARRIS                             One to Four Family     360             101,500.00          909.54
                  178  46 147TH AVENUE               Owner Occupied          67.67          101,457.44          10.250
                  SPRINGFIELD  GARDENS, NY 11411     First                  10/03/2027      150,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105263         KOENEKE                            One to Four Family     180              23,000.00          268.68
                  51  PINETREE LANE                  Owner Occupied          14.38           22,951.74          11.500
                  LEVITTOWN, NY 11756                Second                 10/15/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105264         GATES                              One to Four Family     360             135,000.00        1,284.62
                  42  WEIRFILED STREET               Owner Occupied          77.14          134,951.76          10.990
                  BROOKLYN, NY 11221                 First                  10/09/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  106      Page Balance:  $904,398.48    Generated By: Dmenegus
<PAGE>   109
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105265         POWELL                             One to Four Family     360              42,700.00          438.89
                  1634  GWYNNS FALLS PARKWAY         Owner Occupied          70.00           42,687.75          11.990
                  BALTIMORE, MD 21217                First                  10/08/2027       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105266         MORTARA                            One to Four Family     360              30,000.00          274.42
                  126  TRIANGLE STREET A-40          Owner Occupied          46.15           29,988.08          10.500
                  DANBURY, CT 06810                  First                  10/09/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105267         LIABACH                            One to Four Family     360             152,000.00        1,221.93
                  1025  KNICKERBOCKER ROAD           Owner Occupied          76.00          151,832.98           8.990
                  ISLAND PARK, NY 11558              First                  09/19/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105269         BRENNAN                            One to Four Family     360             119,000.00        1,110.84
                  17  WRANA STRET                    Owner Occupied          85.00          118,955.20          10.750
                  MEDFORD, NY 11763                  First                  10/02/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105270         RUIZ                               One to Four Family     360             204,000.00        1,847.03
                  4246  NW 65TH AVENUE               Owner Occupied          80.00          203,916.72          10.380
                  CORAL  SPRINGS, FL 33065           First                  10/06/2027      255,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105271         LEHIGH                             One to Four Family     180              15,925.00          186.03
                  415  ASSEMBLY STREET               Owner Occupied          31.85           15,891.58          11.500
                  EAGLE LAKE,, FL 33839              Second                 10/03/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105273         OLIVEIRA                           One to Four Family     360              73,000.00          613.29
                  2325  6TH ST                       Owner Occupied          71.57           72,927.75           9.490
                  CERES, CA 95307                    First                  10/01/2027      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105274         CUMMINGS                           One to Four Family     180              25,000.00          284.15
                  1218  WEST BRIDGE STREET           Owner Occupied          10.00           24,945.02          11.000
                  SPRING CITY, PA 19475              Second                 10/03/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105275         PORTUESE                           One to Four Family     180              30,500.00          332.44
                  39  HURON STREET                   Owner Occupied          21.79           30,428.08          10.250
                  PORT JEFFERSON STATI, NY 11776     Second                 10/06/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105277         MCNALLY                            One to Four Family     240              40,000.00          399.35
                  1040  PARK AVE.                    Owner Occupied          30.30           39,950.00          10.500
                  HUNTINGTON, NY 11743               Second                 10/02/2017      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105280         HARRIS                             One to Four Family     360              50,000.00          438.42
                  9142  S. MAY                       Owner Occupied          68.49           49,977.83           9.990
                  CHICAGO,, IL 60620                 First                  10/17/2027       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105281         SMITH                              One to Four Family     360              97,750.00          894.16
                  11730  SW 168TH STREET             Owner Occupied          85.00           97,711.15          10.500
                  MIAMI, FL 33177                    First                  10/06/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  107      Page Balance:  $879,212.14    Generated By: Dmenegus
<PAGE>   110
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105283         RUBENSTEIN                         One to Four Family     360             132,500.00        1,491.65
                  11  FRAZER COURT                   Owner Occupied          63.70          132,471.37          13.250
                  GREENLAWN, NY 11740                First                  10/15/2027      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105285         HAND SR                            One to Four Family     180             102,750.00        1,072.94
                  517  POWELL STREET                 Owner Occupied          73.39          102,490.50           9.500
                  BROOKLYN, NY 11212                 First                  10/09/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105286         DUCKSON                            One to Four Family     360              40,200.00          460.14
                  OUTE 3, BOX 296                    Owner Occupied          60.00           40,191.78          13.490
                  ST. MATTHEWS, SC 29135             First                  10/06/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105287         MATTHEWS                           One to Four Family     180             129,750.00        1,162.69
                  867  EAST MAIN ST                  Owner Occupied          75.00          129,695.59          10.250
                  GRANTSVILLE, UT 84029              First                  10/07/2012      173,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105288         ACEVEDO                            One to Four Family     180              16,500.00          197.92
                  2072  SW 72ND AVENUE               Owner Occupied          17.01           16,433.55          11.990
                  DAVIE, FL 33317                    Second                 10/01/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105300         FEINSTEIN                          One to Four Family     180              25,000.00          267.12
                  268  WOODLAWN AVENUE               Owner Occupied          16.67           24,939.13           9.900
                  SAINT JAMES,, NY 11780             Second                 10/20/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105301         RODRIQUEZ                          One to Four Family     360             187,200.00        1,677.50
                  19901  CUTLER COURT                Owner Occupied          90.00          187,121.50          10.250
                  MIAMI,, FL 33157                   First                  10/15/2027      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105304         WRIGHT                             One to Four Family     360              60,000.00          594.18
                  132  WOODLAND AVENUE               Owner Occupied          75.00           59,980.82          11.500
                  EWING, NJ 08638                    First                  10/15/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105307         SEABORN                            One to Four Family     360             131,250.00        1,349.04
                  193  12 119TH AVENUE               Owner Occupied          75.00          131,212.37          11.990
                  ST. ALBANS, NY 11412               First                  10/17/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105309         LOSITO                             One to Four Family     180              80,500.00          845.47
                  49  LANA DRIVE                     Owner Occupied          69.70           80,298.53           9.600
                  SHIRLEY, NY 11967                  First                  10/15/2012      115,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105313         HOWARD                             One to Four Family     180              11,000.00          121.59
                  497  S 920 WEST                    Owner Occupied           7.10           10,974.66          10.500
                  HURRICANE,, UT 84737               Second                 10/15/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105317         NELSON                             One to Four Family     360              85,000.00          745.31
                  235  PARK STREET                   Owner Occupied          85.00           84,962.32           9.990
                  ATTLEBORO, MA 02703                First                  10/10/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  108     Page Balance: $1,000,772.12    Generated By: Dmenegus
<PAGE>   111
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105319         FERGUSON                           One to Four Family     180              38,500.00          419.63
                  428  SPRUCE STREET                 Owner Occupied          70.00           38,409.22          10.250
                  WESTERNPORT, MD 21562              First                  10/16/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105321         YOUNG                              One to Four Family     180              18,750.00          212.99
                  523  MONROE STREET                 Owner Occupied          72.12           18,667.08          10.990
                  BUFFALO, NY 14211                  First                  09/24/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105322         VENZA                              One to Four Family     360              80,000.00          761.25
                  14  DAELL AVENUE                   Owner Occupied          50.00           79,942.57          10.990
                  CENTEREACH,, NY 11720              Second                 09/23/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105326         PEDDY                              One to Four Family     180              20,000.00          214.80
                  13  ROOSEVELT PLACE                Owner Occupied           9.52           19,951.70           9.990
                  BROOKLYN,, NY 11233                Second                 10/07/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105327         VELAZQUEZ                          One to Four Family     360             155,000.00        1,359.09
                  3  CYPRESS COURT                   Owner Occupied          70.45          154,931.29           9.990
                  BROOKLYN, NY 11208                 First                  10/09/2027      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105330         FERGUSON                           One to Four Family     360              38,000.00          319.25
                  216  RAILROAD AVENUE               Owner Occupied          77.55           37,981.27           9.490
                  CARNEGIE,, PA 15106                First                  10/15/2027       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105332         GARCIA                             One to Four Family     360              57,800.00          539.55
                  663  PALM CIRCLE                   Owner Occupied          85.00           57,778.24          10.750
                  tracy, CA 95376                    First                  10/03/2027       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105333         TYSON                              One to Four Family     180              18,000.00          198.97
                  2343  LASALLE AVENUE               Owner Occupied          19.57           17,916.70          10.500
                  FT. MYERS,, FL 33907               First                  10/01/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105336         ZENCHYK                            One to Four Family     120              15,000.00          194.10
                  145  BROOKLYN AVENUE               Owner Occupied           8.57           14,924.65           9.500
                  WEST HEMPSTEAD, NY 11552           First                  10/17/2007      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105337         MCMILLAN                           One to Four Family     360             132,000.00        1,061.15
                  296  EAST 48TH STREET              Owner Occupied          80.00          131,927.75           8.990
                  BROOKLYN, NY 11203                 First                  10/08/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105339         GILL                               One to Four Family     180              48,750.00          569.49
                  280  LEFFERTS AVENUE               Owner Occupied          26.35           48,647.70          11.500
                  BROOKLYN,, NY 11225                Second                 10/15/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105340         MCHUGH                             One to Four Family     240              25,000.00          257.88
                  49  3RD STREET                     Owner Occupied          19.46           24,971.08          10.990
                  LINDENHURST,, NY 11757             Second                 10/22/2017      128,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  109      Page Balance:  $646,049.25    Generated By: Dmenegus
<PAGE>   112
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105342         SHELDON                            One to Four Family     360              20,150.00          207.11
                  23  NORTH CONESTOGA STRE           Owner Occupied          65.00           20,144.22          11.990
                  PHILADELPHIA, PA 19139             First                  10/09/2027       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105343         OLIVIER                            One to Four Family     180             151,450.00        1,697.68
                  1320  STERLINE PL.                 Owner Occupied          65.00          151,109.06          10.750
                  BROOKLYN, NY 11213                 First                  10/28/2012      233,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105346         SCHOLZ                             One to Four Family     360              57,000.00          510.78
                  95  16 239TH STREET                Owner Occupied          36.77           56,976.10          10.250
                  BELLROSE, NY 11001                 First                  10/13/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105353         DELGADO                            One to Four Family     240              75,000.00          748.79
                  1332  ST LAWRENCE AVENUE           Owner Occupied          32.61           74,814.11          10.500
                  BRONX,, NY 10472                   Second                 09/22/2017      230,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105354         SCANTLEBURY                        One to Four Family     180              40,000.00          429.60
                  270  BILTMORE AVENUE               Owner Occupied          28.78           39,903.40           9.990
                  elmont, NY 11003                   Second                 10/17/2012      139,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105357         PARENTY                            One to Four Family     360             148,750.00        1,250.77
                  7226  POLAR LANE                   Owner Occupied          85.00          148,676.83           9.500
                  DARIEN, IL 60561                   First                  10/20/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105380         BUTLER                             One to Four Family     240              37,400.00          385.78
                  260  IOWA STREET                   Owner Occupied          19.89           37,356.74          10.990
                  ST. OAK PARK, IL 60302             Second                 10/16/2017      188,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7108503         BUJNOWSKI                          One to Four Family     360             125,000.00        1,143.42
                  170  JONESTOWN ROAD                Owner Occupied          89.29          124,900.23          10.500
                  OXFORD, NJ 07863                   First                  10/01/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109553         TUNISON                            One to Four Family     360              95,000.00          851.30
                  7  RUTGERS TERRACE                 Owner Occupied          75.40           94,960.16          10.250
                  NEPTUNE,, NJ 07753                 First                  11/01/2027      126,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7109555         MITCHELL                           One to Four Family     360             103,600.00          996.40
                  314  ARNOLD AVE.                   Owner Occupied          70.00          103,564.06          11.130
                  POINT PLEASANT,, NJ 08742          First                  11/01/2027      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7109556         JACQUES                            One to Four Family     180              25,000.00          384.75
                  9  KAREN RD                        Owner Occupied          22.73           24,938.40          17.000
                  VERNON, NJ 07462                   Second                 10/01/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100187         FLANNER                            One to Four Family     240              52,000.00          554.55
                  5353  PLUM                         Owner Occupied          62.65           52,000.00          11.500
                  COLOMA, MI 49038                   First                  11/24/2017       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  110      Page Balance:  $929,343.31    Generated By: Dmenegus
<PAGE>   113
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
CB7100373         MARTIN                             One to Four Family     240              45,000.00          429.80
                  11  STONE GLEN SUBDIVISI           Owner Occupied          46.39           45,000.00           9.850
                  LEWISBURG, WV 24901                First                  11/24/2017       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CC7100038         MCPEAK                             One to Four Family     180              32,000.00          306.93
                  612  N. COLLEGE                    Owner Occupied          80.00           32,000.00          11.090
                  SALEM, IN 47167                    First                  12/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101227         DEAN                               One to Four Family     180              40,000.00          405.71
                  6802  SKYVIEW DRIVE                Owner Occupied          33.33           40,000.00           9.000
                  ACWORTH, GA 30101                  First                  11/19/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106216         WATTS                              One to Four Family     360              89,500.00          941.33
                  2849  SOUTH 800 WEST               Owner Occupied          71.60           89,476.05          12.300
                  INDIANAPOLIS, IN 46239             First                  11/01/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106313         BREWER                             One to Four Family     120              27,000.00          387.22
                  2061  BROADWAY                     Owner Occupied          23.28           26,882.56          11.990
                  BLUE ISLAND, IL 60406              Second                 10/07/2007      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106317         DANIELS                            One to Four Family     360              73,000.00          694.65
                  3345  W WALNUT                     Owner Occupied          78.49           72,973.91          10.990
                  CHICAGO, IL 60624                  First                  10/20/2027       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106326         ORNELAS                            One to Four Family     240              32,380.00          450.25
                  9805  SOUTH AVENUE J               Owner Occupied          29.44           32,301.48          15.990
                  CHICAGO, IL 60617                  Second                 09/30/2017      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106615         GRIFFIN                            One to Four Family     180              22,500.00          263.93
                  14156  DOLPHIN                     Owner Occupied          75.00           22,495.76          13.850
                  DETROIT, MI 48235                  First                  10/17/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106626         LAM                                One to Four Family     180             108,800.00        1,182.52
                  10000  PROSPERITY POINT LAN        Owner Occupied          80.59          108,542.28          10.200
                  CHARLOTTE, NC 28269                First                  11/01/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110161         WASHINGTON                         One to Four Family     180              84,500.00          820.72
                  24  NORTH STREET, NORTH-           Owner Occupied          65.00           84,500.00          11.250
                  WASHINGTON, DC 20002               First                  11/06/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110756         ROSS                               One to Four Family     180             127,200.00        1,473.83
                  1006  TRIFECTA DRIVE               Owner Occupied          80.00          127,200.00          11.350
                  FLORISSANT, MO 63034               First                  12/01/2012      159,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115035         HODGE                              One to Four Family     360             105,000.00          960.47
                  114  36 222ND STREET               Owner Occupied          75.00          104,958.28          10.500
                  CAMBRIA HEIGHTS, NY 11411          First                  10/13/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  111      Page Balance:  $786,330.32    Generated By: Dmenegus
<PAGE>   114
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115497         GALINDO                            One to Four Family     240              55,200.00          588.67
                  110  PARIS STREET                  Owner Occupied          40.89           55,200.00          11.500
                  EAST BOSTON, MA 02128              Second                 11/10/2017      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115498         MORENO                             One to Four Family     180              60,000.00          616.71
                  220  222 LINCOLN STREET            Owner Occupied          80.00           59,982.79          11.990
                  WATERBURY, CT 06710                First                  11/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115505         WAUGH                              One to Four Family     180             113,600.00          934.56
                  12570  SHILOH CHURCH ROAD          Owner Occupied          80.00          113,600.00           9.250
                  NEWBURG, MD 20664                  First                  11/05/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115567         GRAY                               One to Four Family     240             101,000.00          961.33
                  201  WEYMOUTH STREET               Owner Occupied          67.33          100,863.50           9.800
                  UPPER MARLBORO, MD 20774           First                  10/06/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110002         Light                              One to Four Family     180              15,000.00          160.09
                  86  River Street                   Owner Occupied          14.02           15,000.00          12.500
                  Conway, MA 01341                   Second                 11/07/2012      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110008         Haley                              One to Four Family     180              71,200.00          572.38
                  15  Colonial Avenue                Owner Occupied          80.00           71,200.00           8.990
                  Cranston, RI 02910                 First                  11/07/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110014         Hart                               One to Four Family     180              82,600.00          995.07
                  5  Holiday Street                  Owner Occupied          70.00           82,600.00          14.250
                  Dorchester, MA 02122               First                  11/18/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100176         PARTIN                             One to Four Family     180              40,800.00          382.09
                  2207  CEDLEY STREET                Owner Occupied          80.00           40,769.40          10.790
                  BALTIMORE, MD 21230                First                  09/24/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100241         CATALANO                           One to Four Family     360              90,000.00          918.14
                  509  SOUTH AVENUE                  Owner Occupied          62.07           89,973.61          11.890
                  ROCHESTER, NY 14601                First                  11/01/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100335         HERNANDES                          One to Four Family     180              15,000.00          135.53
                  700  EAST MESQUITE                 Owner Occupied          75.00           14,987.64          10.350
                  HOBBS, NM 88240                    First                  09/30/2012       20,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100433         DACHE                              One to Four Family     240             136,875.00        1,502.34
                  957  KENT AVENUE                   Owner Occupied          75.00          136,595.03          11.950
                  BROOKLYN, NY 11205                 First                  10/01/2017      182,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110024         PRICE                              One to Four Family     180              67,000.00          740.63
                  464  WOODLAWN AVENUE               Owner Occupied          58.26           66,984.65          12.990
                  BRIDGEPORT, CT 06606               Second                 11/01/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  112     Page Balance:   $847,756.62    Generated By: Dmenegus
<PAGE>   115
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110025         STUART                             One to Four Family     180              85,000.00          841.75
                  807  MATIANUCK AVENUE              Owner Occupied          85.00           84,972.83          11.500
                  WINDSOR AVENUE, CT 06905           First                  10/16/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110089         VANGIESON JR.                      One to Four Family     240              42,500.00          453.23
                  226  ORIENT WAY                    Owner Occupied          22.37           42,454.06          11.500
                  RUTHERFORD, NJ 07070               First                  11/01/2017      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110090         WHITE                              One to Four Family     180              25,000.00          354.19
                  125  ELMHURST DRIVE                Owner Occupied          22.32           24,963.52          15.250
                  PHILLIPSBURG, NJ 08865             First                  11/01/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110091         LOBODA                             One to Four Family     360              68,000.00          686.40
                  31  FAIRMOUNT AVENUE               Owner Occupied          85.00           67,979.43          11.750
                  LINDENWOLD, NJ 08021               First                  11/01/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110092         HILL                               One to Four Family     180              89,000.00        1,053.88
                  1500  8TH AVENUE                   Owner Occupied          89.00           88,817.58          11.750
                  NEPTUNE, NJ 07753                  First                  11/01/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110095         DELUISE                            One to Four Family     180              44,800.00          443.65
                  2  POTTER AVENUE                   Owner Occupied          80.00           44,785.68          11.500
                  ONEONTA, NY 13820                  First                  11/01/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110096         BONILLA                            One to Four Family     180             163,800.00        1,558.67
                  228  HIGHLAND PLACE                Owner Occupied          90.00          160,697.66          10.990
                  BROOKLYN, NY 11208                 First                  09/09/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100059         Simpson                            One to Four Family     300              49,000.00          498.07
                  130  East Carolina Street          Owner Occupied          84.48           49,000.00          11.500
                  Spring Valley, IL 61362            First                  11/05/2022       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100068         Correira                           One to Four Family     240              25,000.00          299.15
                  11  Constitution Street            Owner Occupied          17.73           25,000.00          13.350
                  Bristol, RI 02809                  Second                 11/05/2017      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100072         McKenna                            One to Four Family     300             111,000.00          878.89
                  19  Park Avenue                    Owner Occupied          79.29          111,000.00           8.300
                  Westerly, RI 02891                 First                  11/05/2022      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100073         Snyder                             One to Four Family     120              24,000.00          299.49
                  1545  N. Main Street               Owner Occupied          72.73           24,000.00           8.650
                  Decatur, IL 62526                  First                  11/05/2007       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100075         Jubilee,Sr                         One to Four Family     180              42,000.00          408.68
                  1548  Jefferson Lane               Owner Occupied          71.19           42,000.00           8.300
                  Philadelphia, PA 19132             First                  11/05/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  113     Page Balance:   $765,670.76    Generated By: Dmenegus
<PAGE>   116
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MD7100077         Aceto                              One to Four Family     180              46,890.00          496.74
                  102  Laura Lane                    Owner Occupied          64.23           46,890.00           9.750
                  New Haven, CT 06512                Second                 11/05/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100078         Butler                             One to Four Family     300              55,000.00          511.46
                  3340  Horseback Road               Owner Occupied          78.57           55,000.00          10.300
                  Clinton, ME 04927                  First                  11/05/2022       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100079         Merlau                             One to Four Family     180              29,000.00          305.46
                  404  Parma Center Road             Owner Occupied          21.80           29,000.00           9.650
                  Parma, NY 14468                    Second                 11/05/2012      133,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MD7100081         Polney                             One to Four Family     240              82,000.00          769.71
                  626  Delaware Avenue               Owner Occupied          56.55           82,000.00           9.600
                  Point Pleasant, NJ 08742           First                  11/05/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100083         Smith                              One to Four Family     300              25,200.00          300.46
                  4824  Regent Street                Owner Occupied          70.00           25,200.00          13.850
                  Philadelphia, PA 19143             First                  11/05/2022       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100084         Eubank                             One to Four Family     300              80,000.00          715.71
                  1187  S. Unionville Road           Owner Occupied          77.67           80,000.00           9.800
                  Paoli, IN 47454                    First                  11/05/2022      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100087         Weller                             One to Four Family     240              40,250.00          371.25
                  329  Granger Street                Owner Occupied          61.92           40,250.00           9.350
                  Blossburg, PA 16912                First                  11/05/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100088         Weller                             One to Four Family     240              15,000.00          150.77
                  329  Granger Street                Owner Occupied          23.08           15,000.00          10.600
                  Blossburg, PA 16912                Second                 11/05/2017       65,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MD7100089         Long                               One to Four Family     180              42,000.00          490.64
                  D 1 Box 919A                       Owner Occupied          49.41           42,000.00          11.500
                  Harrisonville, PA 17228            First                  11/05/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110002         McKoy Deravin                      One to Four Family     360              43,000.00          369.44
                  142  40 Bascom Avenue              Owner Occupied          43.00           43,000.00           9.750
                  South Ozone Park, NY 11436         First                  11/07/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110012         Gosselin                           One to Four Family     360             147,000.00        1,181.74
                  578  Beach Avenue                  Owner Occupied          62.55          147,000.00           8.990
                  New Shoreham, RI 02807             First                  11/19/2027      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110013         Chartier                           One to Four Family     180              70,000.00          606.56
                  49  Kempton Driver                 Owner Occupied          48.95           70,000.00           9.850
                  Easton, NH 03580                   First                  11/19/2012      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  114     Page Balance:   $675,340.00    Generated By: Dmenegus
<PAGE>   117
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7100227         PRICE                              One to Four Family     180              31,500.00          311.95
                  400  SOUTH CANSLER STREET          Owner Occupied          70.00           31,500.00          11.500
                  KINGS MOUNTAIN, NC 28086           First                  11/19/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101016         BASSETTI                           One to Four Family     240              69,000.00          644.98
                  205  207 SPRING STREET             Owner Occupied          69.00           69,000.00           9.540
                  HARWICK, PA 15049                  First                  11/21/2017      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090499         WILSON                             One to Four Family     360              53,000.00          528.90
                  134  KENTS STORE ROAD              Owner Occupied          63.86           52,983.43          11.600
                  KENTS STORE, VA 23084              First                  11/01/2027       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090943         KROBOTH                            One to Four Family     240              20,000.00          252.64
                  164  WEST LORENGO AVENUE           Owner Occupied          21.74           20,000.00          14.270
                  NORFOLK, VA 23503                  Second                 11/18/2017       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100106         KNIGHT                             One to Four Family     360              75,000.00          800.45
                  7108  RENO ROAD                    Owner Occupied          78.95           75,000.00          12.500
                  BALTIMORE, MD 21244                First                  11/13/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100344         EPPERSON  JR                       One to Four Family     180              32,500.00          294.86
                  2525  BROOKFIELD AVENUE            Owner Occupied          72.22           32,486.81          10.400
                  BALTIMORE, MD 21217                First                  10/27/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100555         COTTMAN                            One to Four Family     180              36,375.00          343.66
                  502  PURNELL ST                    Owner Occupied          75.00           36,361.75          10.900
                  SALISBURY, MD 21801                First                  10/29/2012       48,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105857         COLE                               One to Four Family     180              77,350.00          724.96
                  18229  ROSELAWN                    Owner Occupied          85.00           77,292.12          10.800
                  DETROIT, MI 48221                  First                  10/01/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110244         SMITH                              One to Four Family     240             131,750.00        1,270.54
                  55  ALLEGHANY ROAD                 Owner Occupied          85.00          131,750.00           9.990
                  HAMPTON, VA 23661                  First                  11/20/2017      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115174         AVENA                              One to Four Family     360             195,000.00        1,820.29
                  122  JOHN STREET                   Owner Occupied          61.71          194,926.59          10.750
                  HAUPPAUGE, NY 11788                First                  10/07/2027      316,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115188         FIELDS                             One to Four Family     180             100,000.00          870.19
                  220  -77C 67TH AVENUE              Owner Occupied          65.36           99,954.81           9.900
                  BAYSIDE, NY 11364                  First                  10/24/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115236         MALENCSIK                          One to Four Family     360             160,000.00        1,339.53
                  112  FERN STREET                   Owner Occupied          76.92          160,000.00           9.450
                  WASHINGTON, NJ 07675               First                  11/05/2027      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  115     Page Balance:   $981,255.51    Generated By: Dmenegus
<PAGE>   118
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115552         BOULWARE                           One to Four Family     180              48,000.00          471.68
                  3101  WINDSOR AVENUE               Owner Occupied          80.00           47,984.32          11.400
                  BALTIMORE, MD 21216                First                  10/24/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115553         BRIGGS JR                          One to Four Family     180              49,500.00          505.36
                  2233  WEST LEXINGTON STREE         Owner Occupied          90.00           49,485.52          11.900
                  BALTIMORE, MD 21223                First                  10/27/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115554         BRIGGS                             One to Four Family     180              64,000.00          609.00
                  10319  DINGES ROAD                 Owner Occupied          80.00           63,977.13          10.990
                  BERLIN, MD 21811                   First                  10/07/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115555         CABELLO                            One to Four Family     180              60,000.00          659.52
                  428  SOUTH EDEN STREET             Owner Occupied          75.00           59,860.48          10.400
                  BALTIMORE, MD 21231                First                  10/15/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115556         CAMP                               One to Four Family     180              49,500.00          505.36
                  417  NORTH EDGEWOOD STREE          Owner Occupied          90.00           49,485.52          11.900
                  BALTIMORE, MD 21229                First                  10/16/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115557         CAMPBELL                           One to Four Family     180             152,100.00        1,523.66
                  104  KIMBERLY WAY                  Owner Occupied          90.00          152,052.98          11.650
                  LEWES, DE 19958                    First                  10/20/2012      169,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115558         CHEEKS                             One to Four Family     120              11,000.00          146.89
                  319  POPLAR HILL AVENUE            Owner Occupied          15.17           10,947.07          10.250
                  SALISBURY, MD 21801                First                  10/22/2007       72,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115560         DANIELCZYK JR                      One to Four Family     180              28,000.00          325.32
                  819  SOUTH KENWOOD AVENUE          Owner Occupied          80.00           27,940.68          11.400
                  BALTIMORE, MD 21224                First                  10/16/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115561         DUTTON                             One to Four Family     180              11,725.00          117.46
                  1159  NANTICOKE STREET             Owner Occupied          81.99           11,721.37          11.650
                  BALTIMORE, MD 21230                First                  10/24/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115562         DUTTON                             One to Four Family     180               7,631.00           76.44
                  1244  WASHINGTON BOULEVARD         Owner Occupied          75.00            7,628.64          11.650
                  BALTIMORE, MD 21230                First                  10/24/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115563         ETHERIDGE                          One to Four Family     180              30,800.00          328.72
                  3708  MT PLEASANT AVENUE           Owner Occupied           7.00           30,792.11          12.500
                  BALTIMORE, MD 21224                First                  10/10/2012      440,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115564         FERRANTE                           One to Four Family     180              40,800.00          435.44
                  11  WEST HEATH STREET              Owner Occupied          60.00           40,789.56          12.500
                  BALTIMORE, MD 21230                First                  10/16/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  116     Page Balance:   $552,665.38    Generated By: Dmenegus
<PAGE>   119
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115566         FOWLKES                            One to Four Family     180              25,000.00          245.67
                  1928  AISQUITH STREET              Owner Occupied          71.43           24,991.83          11.400
                  BALTIMORE, MD 21218                First                  10/29/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115568         HART                               One to Four Family     180              40,000.00          408.37
                  2108  WEST FAYETTE STREET          Owner Occupied          79.21           40,000.00          11.900
                  BALTIMORE, MD 21223                First                  11/04/2012       50,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115569         HENDERSON                          One to Four Family     180              71,250.00          727.41
                  6812  SCHAADTS ROAD                Owner Occupied          23.13           71,250.00          11.900
                  BALTIMORE, MD 21220                Second                 11/04/2012      308,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115570         HUGHES                             One to Four Family     180             139,500.00        1,397.44
                  5513  HEATHERWOOD ROAD             Owner Occupied          90.00          139,456.87          11.650
                  BALTIMORE, MD 21227                First                  10/06/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115571         JOHNSON                            One to Four Family     180              44,250.00          496.42
                  2302  CALVERTON HEIGHTS AV         Owner Occupied          75.00           44,240.33          13.200
                  BALTIMORE, MD 21216                First                  10/06/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115572         KEELING                            One to Four Family     180              22,400.00          263.64
                  2415  JEFFERSON STREET             Owner Occupied          70.00           22,395.83          13.900
                  BALTIMORE, MD 21205                First                  10/08/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115573         KEELING                            One to Four Family     180              28,000.00          285.86
                  802  NORTH ROSE STREET             Owner Occupied          80.00           27,991.81          11.900
                  BALTIMORE, MD 21205                First                  10/14/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115574         KEPLEY                             One to Four Family     180              90,400.00          759.47
                  12555  SOUTH DUPONT HIGHWAY        Owner Occupied          80.00           90,355.44           9.490
                  FELTON, DE 19943                   First                  10/14/2012      113,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115575         KILLMAN                            One to Four Family     240              30,000.00          328.24
                  1511  UNION AVENUE                 Owner Occupied          69.77           29,969.26          11.900
                  BALTIMORE, MD 21211                First                  10/24/2017       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115576         KIRK                               One to Four Family     180              46,800.00          459.89
                  3419  LYNDALE AVENUE               Owner Occupied          80.00           46,784.71          11.400
                  BALTIMORE, MD 21213                First                  10/21/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115577         KIRK                               One to Four Family     180              45,600.00          448.10
                  2928  WYMAN PARKWAY                Owner Occupied          80.00           45,585.10          11.400
                  BALTIMORE, MD 21218                First                  10/21/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115578         LEE                                One to Four Family     180              24,240.00          262.47
                  1823  WEST NORTH AVENUE            Owner Occupied          78.70           24,234.07          12.700
                  BALTIMORE, MD 21217                First                  10/03/2012       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  117     Page Balance:   $607,255.25    Generated By: Dmenegus
<PAGE>   120
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115579         MAMALIS                            One to Four Family     180              79,000.00          895.43
                  224  MCKINSEY ROAD                 Owner Occupied          37.62           78,825.45          10.950
                  SEVERNA PARK, MD 21146             Second                 10/22/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115580         MAYFIELD                           One to Four Family     180              40,800.00          454.80
                  2628  E BIDDLE ST                  Owner Occupied          85.00           40,707.30          10.650
                  BALTIMORE, MD 21213                First                  10/27/2012       48,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115581         MCKENZIE                           One to Four Family     180             120,000.00        1,088.73
                  6022  MELBOURNE AVENUE             Owner Occupied          68.57          119,951.27          10.400
                  DEALE, MD 20751                    First                  10/06/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115582         MCLAURIN                           One to Four Family     180              54,000.00          510.18
                  2114  KOKO LANE                    Owner Occupied          87.10           53,980.32          10.900
                  BALTIMORE, MD 21216                First                  10/20/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115583         ROGERS                             One to Four Family     180              50,400.00          476.17
                  1914  NORTH WOLFE STREET           Owner Occupied          90.00           50,381.63          10.900
                  BALTIMORE, MD 21213                First                  10/06/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115584         SCHUYLER                           One to Four Family     180              78,400.00          842.01
                  4466  HILLS MARKET ROAD            Owner Occupied          80.00           78,210.67           9.990
                  FELTON, DE 19943                   First                  10/17/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115585         SHIVERS                            One to Four Family     180              24,500.00          269.11
                  2210  W NORTH AVE                  Owner Occupied          66.22           24,494.27          12.900
                  BALTIMORE, MD 21216                First                  10/27/2012       37,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115587         SPENCER                            One to Four Family     180              29,500.00          278.71
                  3005  WESTWOOD AVENUE              Owner Occupied          71.95           29,489.25          10.900
                  BALTIMORE, MD 21216                First                  10/22/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115588         STEYER                             One to Four Family     120              15,000.00          198.14
                  6527  ROSEMONT AVENUE              Owner Occupied          18.75           14,926.74           9.990
                  BALTIMORE, MD 21206                Second                 10/21/2007       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115589         ST CLAIR                           One to Four Family     180              40,800.00          385.47
                  1845  COLLINGTON AVENUE            Owner Occupied          85.00           40,785.13          10.900
                  BALTIMORE, MD 21213                First                  11/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115590         ST VAL                             One to Four Family     180              63,000.00          599.49
                  212  NORTH DIVISION STREE          Owner Occupied          90.00           62,977.49          10.990
                  FRUITLAND, MD 21826                First                  10/07/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115592         SURGEON                            One to Four Family     240              26,000.00          298.15
                  1137  WASHINGTON BOULEVARD         Owner Occupied          74.29           25,975.93          12.650
                  BALTIMORE, MD 21230                First                  10/14/2017       35,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  118     Page Balance:   $620,705.45    Generated By: Dmenegus
<PAGE>   121
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115594         TAYLOR                             One to Four Family     180              40,000.00          393.07
                  2010  CROPPER COURT                Owner Occupied          66.67           39,986.93          11.400
                  POCOMOKE, MD 21851                 First                  10/20/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115595         TABORN                             One to Four Family     360              34,000.00          327.65
                  1755  EASTPRESTON STREET           Owner Occupied          85.00           33,988.27          11.150
                  BALTIMORE, MD 21213                First                  10/29/2027       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115597         TOWNSEND                           One to Four Family     180              24,500.00          298.07
                  2644  LOYOLA SOUTHWAY              Owner Occupied          66.22           24,495.93          14.400
                  BALTIMORE, MD 21215                First                  10/13/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115600         WILLIAMS                           One to Four Family     180              45,200.00          410.09
                  2829  WALDORF AVE                  Owner Occupied          79.30           45,181.64          10.400
                  BALTIMORE, MD 21215                First                  10/08/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100367         ACORD                              One to Four Family     180              15,000.00          158.82
                  124  CRESCENT ST                   Owner Occupied          55.56           15,000.00           9.740
                  BLUE JAY, WV 25816                 First                  11/25/2012       27,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100431         BLY                                One to Four Family     180              31,000.00          385.79
                  310  BUCKLAND AVENUE               Owner Occupied          59.62           31,000.00          14.750
                  BECKLEY, WV 25801                  First                  11/25/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110233         CARTER                             One to Four Family     360              90,100.00          875.11
                  6720  LITHOPOLIS WINCHESTE         Owner Occupied          85.00           90,100.00          11.250
                  CANAL WINCHESTER, OH 43110         First                  11/25/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110264         COATES                             One to Four Family     240             108,000.00        1,009.53
                  1202  BRUSH ROW ROAD               Owner Occupied          80.00          108,000.00           9.540
                  WILBERFORCE, OH 45384              First                  11/25/2017      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110275         BRUMBAUGH                          One to Four Family     180              35,200.00          356.67
                  172  WALNUT ST.                    Owner Occupied          80.00           35,200.00          11.800
                  HARROD, OH 45850                   First                  11/25/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101058         PELLICANE                          One to Four Family     180              23,600.00          298.45
                  58  WYNDMERE ROAD                  Owner Occupied          12.97           23,513.57          12.990
                  PISCATAWAY, NJ 08854               Second                 09/29/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101059         GORMLEY                            One to Four Family     360              80,000.00          947.26
                  11  RYEGATE ROAD                   Owner Occupied          32.65           79,985.41          13.990
                  FAIRFIELD, CT 06430                First                  10/17/2027      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101062         DILWORTH                           One to Four Family     240              66,500.00          685.95
                  3  TOTTENHAM COURT                 Owner Occupied          70.00           66,423.08          10.990
                  BALTIMORE, MD 21234                First                  10/14/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  119     Page Balance:   $592,874.83    Generated By: Dmenegus
<PAGE>   122
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101063         DILWORTH                           One to Four Family     120              10,000.00          143.42
                  3  TOTTENHAM COURT                 Owner Occupied          10.53            9,956.50          11.990
                  BALTIMORE, MD 21234                Second                 10/14/2007       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101064         LYNCH                              One to Four Family     180              22,700.00          265.18
                  542  HOLLY COURT UNIT H3           Owner Occupied          21.62           22,652.36          11.500
                  MAHWAH, NJ 07430                   Second                 10/11/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101065         SNYDER                             One to Four Family     180              41,000.00          434.34
                  2603  FLANNERY STREET              Owner Occupied          73.21           40,898.79           9.750
                  ROME, GA 30161                     First                  10/06/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101066         BEALL                              One to Four Family     180              43,660.00          531.04
                  2861  WILLARD PLACE                Owner Occupied          22.98           43,574.66          12.250
                  UNION, NJ 07083                    Second                 10/06/2012      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101067         BEALL                              One to Four Family     300             108,340.00        1,042.34
                  2861  WILLARD PLACE                Owner Occupied          57.02          108,210.55          10.750
                  UNION, NJ 07083                    First                  10/06/2022      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101069         VALENTI                            One to Four Family     360             150,000.00        1,315.25
                  141  SUMMIT COURT                  Owner Occupied          54.55          149,933.50           9.990
                  WESTFIELD, NJ 07090                First                  10/15/2027      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101070         FORREST                            One to Four Family     180              15,000.00          179.93
                  107  KELSON DRIVE                  Owner Occupied          13.39           14,939.59          11.990
                  POQUOSON, VA 23362                 Second                 10/01/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101071         PALMER                             One to Four Family     360              54,000.00          504.08
                  OUTE 6 BOX 670                     Owner Occupied          79.76           53,979.67          10.750
                  ELLIJAY, GA 30540                  First                  10/14/2027       67,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101073         JOHNSON                            One to Four Family     180              12,000.00          159.73
                  1515  MORRISON CAMP GROUND         Owner Occupied          19.20           11,980.17          13.990
                  ROME, GA 30161                     Second                 10/03/2012       62,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101076         TOMARO                             One to Four Family     180              18,000.00          227.63
                  263  PARKERTOWN DRIVE              Owner Occupied          18.95           17,934.09          12.990
                  LITTLE EGG HARBOR, NJ 08087        Second                 09/26/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101078         HORVATH                            One to Four Family     360              34,000.00          389.18
                  727  HIGHLAND AVENUE               Owner Occupied          34.00           33,446.76          13.490
                  NEWARK, NJ 07104                   First                  07/25/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101080         RIVERA                             One to Four Family     180              12,000.00          164.59
                  627  HARVEY STREET                 Owner Occupied           9.23           11,981.31          14.590
                  BALTIMORE, MD 21230                Second                 10/16/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  120     Page Balance:   $519,487.95    Generated By: Dmenegus
<PAGE>   123
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101081         ROBINSON                           One to Four Family     240              96,000.00          925.78
                  3036  EDGEWOOD AVENUE              Owner Occupied          80.00           95,873.42           9.990
                  BALTIMORE, MD 21234                First                  10/06/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101082         THUM                               One to Four Family     180             111,000.00        1,331.48
                  229  FENIMORE LANE                 Owner Occupied          82.22          110,552.97          11.990
                  DELANCO, NJ 08075                  First                  10/01/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101084         REILLY                             One to Four Family     240             112,000.00        1,080.09
                  70  OAK HILL DRIVE                 Owner Occupied          80.00          111,703.39           9.990
                  DOVER, NJ 08753                    First                  10/01/2017      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101087         MERRELL                            One to Four Family     360              48,000.00          493.37
                  264  WEST HWY FIVE                 Owner Occupied          72.73           47,986.23          11.990
                  WHITEBURG, GA 30185                First                  10/06/2027       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101090         RUIZ                               One to Four Family     240              75,000.00          987.04
                  898  MORRIS AVENUE                 Owner Occupied          56.82           74,949.84          14.990
                  LAKEWOOD, NJ 08701                 First                  10/06/2017      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101091         RANSOME                            One to Four Family     180             137,000.00        1,535.70
                  717  BARBERRY DRIVE                Owner Occupied          72.87          136,691.59          10.750
                  CINNAMINSON, NJ 08077              First                  10/17/2012      188,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101093         PARKS                              One to Four Family     180              18,950.00          227.31
                  8922  HOMEWOOD DRIVE               Owner Occupied          29.15           18,912.03          11.990
                  RIVERDALE, GA 30274                Second                 10/15/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101096         MARSHALL                           One to Four Family      60              11,500.00          266.10
                  650  LOWELL DRIVE SW               Owner Occupied          12.78           11,365.67          13.750
                  MARIETTA, GA 30060                 Second                 10/17/2002       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101097         FARKAS                             One to Four Family     180              26,800.00          339.09
                  14  ATLANTA, DR                    Owner Occupied          14.97           26,751.24          13.000
                  JACKSON, NJ 08527                  Second                 10/13/2012      179,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101100         BLEVINS                            One to Four Family     180              34,200.00          455.23
                  155  INDEPENDENCE DRIVE            Owner Occupied          36.00           34,143.49          13.990
                  BRISTOL, VA 21201                  Second                 10/15/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101101         MYERS                              One to Four Family     144              43,000.00          564.51
                  24  LEHIGH COURT                   Owner Occupied          81.13           42,865.13          11.990
                  WINSLOW, NJ 08081                  First                  10/06/2009       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101103         STOUT, JR                          One to Four Family     180              22,000.00          292.84
                  315  CAPSTAN AVENUE                Owner Occupied          16.30           21,963.64          13.990
                  BEACHWOOD, NJ 08722                Second                 09/16/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  121     Page Balance:   $733,758.64    Generated By: Dmenegus
<PAGE>   124
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101104         GREEN                              One to Four Family     180              66,500.00          776.43
                  1984  WHITESVILLE ROAD             Owner Occupied          67.17           66,219.28          11.490
                  TOMS RIVER, NJ 08755               First                  09/30/2012       99,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7101105         STURDIVANT                         One to Four Family     360              90,000.00          925.06
                  1700  OAK RIDGE ROAD               Owner Occupied          64.75           89,974.19          11.990
                  STONE MOUNTAIN, GA 30087           First                  10/16/2027      139,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101107         NORRIS                             One to Four Family     180              31,500.00          367.98
                  134  SAVELY DRIVE                  Owner Occupied          27.04           31,433.89          11.500
                  HENDERSONVILLE, TN 37075           Second                 10/17/2012      116,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101108         ALEJO                              One to Four Family     180              58,000.00          654.87
                  911  ORLANDO ROAD                  Owner Occupied          53.70           57,871.00          10.880
                  CHERRY HILL, NJ 08034              First                  10/18/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101109         BLASH                              One to Four Family     240              60,000.00          618.91
                  336  CLUB DRIVE                    Owner Occupied          80.00           59,930.59          10.990
                  MACON, GA 31201                    First                  10/17/2017       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101110         WAKEFIELD                          One to Four Family     180              22,400.00          272.46
                  7212  ARMAND DRIVE                 Owner Occupied          21.33           22,311.97          12.250
                  TAMPA, FL 33634                    Second                 10/01/2012      105,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7101111         EDWARDS                            One to Four Family     360              54,000.00          501.25
                  3317  SPREADING PAK DRIVE          Owner Occupied          65.85           53,979.35          10.680
                  DOUGLASVILLE, GA 30135             First                  10/14/2027       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101112         JENNINGS                           One to Four Family     180             121,600.00        1,269.78
                  3062  PERCH DRIVE                  Owner Occupied          80.00          121,292.89           9.500
                  RIVA, MD 21140                     First                  10/16/2012      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101114         BRIGHT                             One to Four Family     180              62,400.00          756.55
                  1825  SW CONGRESS BLVD             Owner Occupied          80.00           62,153.41          12.190
                  BOYTON BEACH, FL 33426             First                  10/01/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101115         RUBSAM                             One to Four Family     180              16,400.00          218.30
                  14  NORTH 10TH STREET              Owner Occupied          10.00           16,372.90          13.990
                  PATTERSON, NJ 07522                Second                 10/14/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101116         GAWLIK                             One to Four Family      60              10,100.00          217.54
                  7  BOHN COURT                      Owner Occupied          11.74            9,971.59          10.590
                  BALTIMORE, MD 21237                Second                 10/07/2002       86,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7101117         HIGGS                              One to Four Family     360              58,000.00          483.05
                  225  FERNDALE STREET               Owner Occupied          46.40           57,970.80           9.390
                  CARROLLTON, GA 30117               First                  10/10/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  122     Page Balance:   $649,481.86    Generated By: Dmenegus
<PAGE>   125
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7101118         LARK                               One to Four Family     120              22,000.00          328.36
                  210  PALSTED AVENUE                Owner Occupied          14.67           21,909.79          12.990
                  WESTFIELD, NJ 07090                Second                 10/15/2007      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7101119         WRIGHT                             One to Four Family     360              62,400.00          519.70
                  474  B STREET                      Owner Occupied          80.00           62,368.58           9.390
                  PINE MOUNTAIN VALLEY, GA 31823     First                  10/06/2027       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100001         PHILIPPI                           One to Four Family     180              85,500.00          846.70
                  1341  CHESTER STREET               Owner Occupied          75.00           85,472.68          11.500
                  AURORA, CO 80010                   First                  10/20/2012      114,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100002         ADAMS                              One to Four Family     180             132,000.00        1,434.44
                  1701  38TH STREET, SE              Owner Occupied          80.00          131,968.06          12.750
                  WASHINGTON DC, DC 20020            First                  10/20/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100003         WALKER                             One to Four Family     180             104,000.00        1,010.11
                  327  CHANNING STREET, NE           Owner Occupied          80.00          103,964.89          11.250
                  WASHINGTON, DC 20002               First                  10/20/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100004         GRIFFIN                            One to Four Family     180              33,750.00          327.80
                  2573  EDMONDSON AVE                Owner Occupied          75.00           33,738.61          11.250
                  BALTIMORE, MD 21223                First                  10/20/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100005         GEORGE                             One to Four Family     180              31,500.00          418.44
                  17  CONGRESS CT                    Owner Occupied          35.80           31,446.19          13.950
                  QUAKERTOWN, PA 18951               First                  10/20/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100007         BRANCH                             One to Four Family     240              22,000.00          242.09
                  12605  07 S. LINCOLN               Owner Occupied          22.00           21,977.73          11.990
                  CALUMET PARK, IL 60643             First                  10/20/2017      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100008         ANDERSEN                           One to Four Family     240              11,800.00          123.81
                  3425  WEST 123RD STREET            Owner Occupied          11.24           11,786.82          11.250
                  ALSIP, IL 60803                    First                  10/20/2017      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100009         WALDMAN                            One to Four Family     180              40,200.00          463.24
                  1358  BERKLEY COURT                Owner Occupied          15.46           40,113.64          11.250
                  DEERFIELD, IL 60015                First                  10/20/2012      260,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100010         RIZZO                              One to Four Family     240             118,400.00        1,103.64
                  34  FRONT STREET                   Owner Occupied          80.00          118,233.69           9.500
                  PITTSTON, PA 18640                 First                  10/21/2017      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100011         FLOWERS                            One to Four Family     180             108,000.00        1,073.64
                  1607  30TH STREET, SE              Owner Occupied          64.29          107,965.86          11.550
                  WASHINGTON, DC 20020               First                  10/21/2012      168,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  123     Page Balance:   $770,946.54    Generated By: Dmenegus
<PAGE>   126
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
DB7100013         JOHNSON                            One to Four Family     180              48,750.00          501.07
                  3309  VIRGINIA AVENUE              Owner Occupied          75.00           48,736.02          11.990
                  BALTIMORE, MD 21215                First                  10/21/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100014         LEFEBVRE                           One to Four Family     180              72,000.00          639.85
                  2226  MILLINGTON RD                Owner Occupied          80.00           71,969.15          10.150
                  CLAYTON, DE 19938                  First                  10/21/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100015         VANBOVEN                           One to Four Family     240              18,630.00          198.68
                  104  SWAMP ROAD                    Owner Occupied          15.79           18,609.86          11.500
                  DAGSBORO, DE 19939                 First                  10/21/2017      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100016         CHAPPELL                           One to Four Family     180              18,000.00          224.79
                  9960  OLD STAKE ROAD               Owner Occupied          75.00           17,966.46          12.750
                  TABOR CITY, NC 28463               First                  10/21/2012       24,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100017         RAITHEL                            One to Four Family     180              11,919.00          128.08
                  9005  EAST LEHIGH AVENUE #         Owner Occupied          16.79           11,890.25          10.000
                  DENVER, CO 80237                   Second                 10/21/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100018         HERNDON                            One to Four Family     180              85,500.00          798.13
                  216  STEVEN DRIVE                  Owner Occupied          90.00           85,467.81          10.750
                  COLORADO SPRINGS, CO 80911         First                  10/21/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100019         BROSSEAU                           One to Four Family     180              23,200.00          271.02
                  3022  W. MAIN AVENUE               Owner Occupied          26.07           23,150.33          11.500
                  KANKAKEE, IL 60901                 First                  10/21/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100020         SAULSBERRY                         One to Four Family     180              56,800.00          530.22
                  7319  S. ABERDEEN                  Owner Occupied          80.00           56,778.61          10.750
                  CHICAGO, IN 60621                  First                  10/22/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100021         FREEMAN                            One to Four Family     240              91,800.00          931.98
                  23  MISTLETOE LANE                 Owner Occupied          90.00           91,690.37          10.750
                  LEVITTOWN, PA 19054                First                  10/22/2017      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100023         PATTERSON                          One to Four Family     180             128,650.00        1,249.53
                  2914  VISTA STREET, NE             Owner Occupied          83.00          128,606.56          11.250
                  WASHINGTON, DC 20018               First                  10/22/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100024         DEMBY                              One to Four Family     180              24,000.00          289.12
                  23381  NINETOWN RD                 Owner Occupied          60.00           23,995.88          14.250
                  RIDGELY, MD 21660                  First                  10/22/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100025         RIVERS                             One to Four Family     180              25,200.00          288.64
                  2319  JEFFERSON ST.                Owner Occupied          70.00           25,183.50          13.500
                  BALTIMORE, MD 21205                First                  10/22/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  124     Page Balance:   $604,044.80    Generated By: Dmenegus
<PAGE>   127
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
DB7100026         HARRIS                             One to Four Family     240              54,500.00          619.20
                  D 1 BOX 423                        Owner Occupied          80.15           54,448.51          12.500
                  MONTGOMERY, PA 17752               First                  10/22/2017       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100027         HOLT                               One to Four Family     180              90,350.00        1,069.82
                  810  TEWKESBURY PLACE, N.          Owner Occupied          65.00           90,333.51          13.990
                  WASHINGTON\, DC 20012              First                  10/22/2012      139,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100028         JORDAN                             One to Four Family     180             184,100.00        1,858.32
                  3132  19TH STREET, NW              Owner Occupied          70.00          184,044.33          11.750
                  WASHINGTON, DC 20010               First                  10/22/2012      263,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100030         HAHNENSTEIN                        One to Four Family     180              81,300.00          911.33
                  1497  AVIGNON COURT                Owner Occupied          34.97           81,108.01          10.750
                  HIGHLAND PARK, IL 60035            Second                 10/22/2012      232,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100031         TORAIN                             One to Four Family     360              24,000.00          242.26
                  OUTE 1 BOX 173 MORRI               Owner Occupied          80.00           23,992.74          11.750
                  MAXTON, NC 28634                   First                  10/24/2027       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100032         BENITEZ                            One to Four Family     180              50,400.00          567.39
                  601  GUS BENITEZ DRIVE             Owner Occupied          70.00           50,389.11          13.250
                  ARCHBALD, PA 18403                 First                  10/24/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100033         LYLES JR                           One to Four Family     180              64,000.00          621.61
                  56  BAYOU AVE                      Owner Occupied          80.00           63,978.39          11.250
                  CAPITAL HEIGHTS, MD 20743          First                  10/24/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100035         LAMB                               One to Four Family     180              47,600.00          462.32
                  290  1/2 MOUNTAIN VIEW ST          Owner Occupied          70.00           47,583.93          11.250
                  GRAND JUNCTION, CO 81503           First                  10/24/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100036         JENKINS                            One to Four Family     360              63,750.00          655.25
                  1234  FRANKLIN STREET, NE          Owner Occupied          75.00           63,731.72          11.990
                  WASHINGTON, DC 20017               First                  10/27/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100037         BASSKNIGHT                         One to Four Family     360             121,000.00        1,060.97
                  3255  MAPLE TERRACE DRIVE          Owner Occupied          73.33          120,946.36           9.990
                  SAYLORSBURG, PA 18353              First                  10/27/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100038         BARATTA                            One to Four Family     360              53,500.00          469.11
                  1228  TREE STREET                  Owner Occupied          74.31           53,362.58           9.990
                  PHILADELPHIA, PA 19148             First                  10/27/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100039         DAVIS                              One to Four Family     360              36,190.00          379.23
                  3100  ELBERT ST                    Owner Occupied          70.00           36,180.21          12.250
                  BALTIMORE, MD 21229                First                  10/27/2027       51,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  125     Page Balance:   $870,099.40    Generated By: Dmenegus
<PAGE>   128
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>                 <C>
DB7100040         FRITZ                              One to Four Family     120              12,000.00          172.10
                  104  2ND STREET                    Owner Occupied          20.34           11,947.80          11.990
                  MONTGOMERY, PA 17752               First                  10/27/2007       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100041         SYE                                One to Four Family     180              11,306.00          133.88
                  3401  ECHODALE AVE                 Owner Occupied          10.28           11,282.82          11.750
                  BALTIMORE, MD 21214                Second                 10/27/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100042         BRUCE                              One to Four Family     180              42,000.00          505.97
                  35  KINSHIP RD                     Owner Occupied          61.76           41,992.78          14.250
                  BALTIMORE, MD 21222                First                  10/27/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100044         JONES                              One to Four Family     240             102,400.00          964.55
                  6336  SPRAGUE ST                   Owner Occupied          80.00          102,258.92           9.650
                  PHILADELPHIA, PA 19138             First                  10/27/2017      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100045         REED                               One to Four Family     360              54,000.00          471.89
                  539  SOUTH AVENUE                  Owner Occupied          60.67           53,975.86           9.950
                  MEDIA, PA 19063                    First                  10/27/2027       89,000.00                
- ----------------------------------------------------------------------------------------------------------------------
DB7100046         JONES-REDMOND                      One to Four Family     180              19,300.00          219.24
                  9740  S. ELLIS AVENUE              Owner Occupied          22.71           19,257.52          10.990
                  CHICAGO, IL 60628                  Second                 10/27/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100047         WILLIAMS                           One to Four Family     180              15,214.00          182.50
                  3743  GRANBY WAY                   Owner Occupied          17.09           15,183.51          11.990
                  AURORA, CO 80014                   Second                 10/27/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100048         ROGERS                             One to Four Family     180              18,500.00          221.91
                  845  COUNTY ROAD 304               Owner Occupied          11.56           18,462.94          11.990
                  DURANGO, CO 81301                  Second                 10/27/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100050         FIRESTONE                          One to Four Family     180             107,950.00          947.34
                  941  HIGHLAND                      Owner Occupied          85.00          107,902.24          10.000
                  GLEN ELLYN, IL 60137               First                  10/27/2012      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100066         SWEET                              One to Four Family     180              50,200.00          631.85
                  9247  HARDING                      Owner Occupied          17.61           50,107.80          12.900
                  EVANSTON, IL 60203                 Second                 10/27/2012      285,000.00                
- ----------------------------------------------------------------------------------------------------------------------
DD7100001         WILLIAMSON                         One to Four Family     180              51,290.00          625.17
                  396  CHURCH ROAD                   Owner Occupied          17.39           51,190.13          12.290
                  MANHEIM, PA 17545                  First                  10/20/2012      295,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100002         HIENZ                              One to Four Family     240              32,692.00          347.51
                  804  37TH STREET                   Owner Occupied          50.30           32,656.43          11.450
                  BEAVER FALLS, PA 15010             First                  10/20/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  126     Page Balance:   $516,218.75    Generated By: Dmenegus
<PAGE>   129
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
DD7100003         SIZEMORE                           One to Four Family     180              44,100.00          500.96
                  2031  S. CARPENTER DRIVE           Owner Occupied          90.00           44,002.92          10.990
                  COVINGTON, VA 24426                First                  10/21/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100004         LITTLE                             One to Four Family     240              22,549.00          276.32
                  350  HENNESSY PLACE                Owner Occupied          17.48           22,531.05          13.750
                  JOLIET, IL 60435                   First                  10/21/2017      129,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100006         MCEMERY                            One to Four Family     180              56,000.00          518.54
                  662  WASHINGTON ST.                Owner Occupied          76.71           55,978.46          10.650
                  MARSEILLES, IL 61431               First                  10/22/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100007         ALBAN                              One to Four Family     240              50,000.00          636.34
                  705  DOWNS DRIVE                   Owner Occupied          24.75           49,963.66          14.400
                  SILVER SPRING, MD 20904            Second                 10/22/2017      202,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100008         MICHAELS                           One to Four Family     180              68,000.00          629.66
                  1816  GRAYBIRD CT                  Owner Occupied          80.00           67,973.84          10.650
                  SEVERN, MD 21144                   First                  10/22/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100009         STROHECKER                         One to Four Family     180              38,000.00          472.07
                  51  EDGEWOOD HILLS ROAD            Owner Occupied          23.46           37,928.51          12.650
                  NORTH EAST, MD 21901               Second                 10/24/2012      162,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100010         GREEN                              One to Four Family     120              33,000.00          438.84
                  19539  REDWOOD LANE                Owner Occupied          26.40           32,840.29          10.150
                  MOKENA, IL 60448                   Second                 10/24/2007      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100011         D'AUGOSTINE                        One to Four Family     180              51,270.00          603.43
                  2934  TRAIL ONE                    Owner Occupied          22.59           51,260.45          13.900
                  NEW CASTLE, PA 16105               Second                 10/24/2012      227,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100012         DIXON                              One to Four Family     180              24,000.00          257.17
                  421  WALNUT STREET                 Owner Occupied          72.73           23,941.19           9.950
                  ERIE, PA 16507                     First                  10/24/2012       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100014         CRAVENS                            One to Four Family     180              30,400.00          320.20
                  401  S. 12TH STREET                Owner Occupied          80.00           30,324.27           9.650
                  HERRIN, IL 62948                   First                  10/27/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100015         WALTMAN                            One to Four Family     180              15,000.00          171.91
                  136  POPLAR AVENUE                 Owner Occupied           5.26           14,967.47          11.150
                  WAYNE, PA 19087                    Second                 10/27/2012      285,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100016         KINARD                             One to Four Family     240              45,000.00          469.09
                  3867  OAKLEIGH DRIVE NORTH         Owner Occupied          47.87           44,853.84          11.150
                  YORK, PA 17402                     First                  10/27/2017       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  127     Page Balance:   $476,565.95    Generated By: Dmenegus
<PAGE>   130
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
AB7110012         QUEER                              One to Four Family     180              86,000.00          745.20
                  362 COOL BREEZE CT                 Owner Occupied          82.69           86,000.00           9.850
                  PASADENA, MD 21122                 First                  11/17/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110001         WHEATLEY                           One to Four Family     240             212,500.00        2,164.55
                  7 GIDDINAS AVE                     Owner Occupied          85.00          212,500.00          10.800
                  SEVERNA PARK, MD 21146             First                  11/05/2017      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110002         FLOYD                              One to Four Family     180              49,600.00          487.40
                  1327 CHURCH ST.                    Owner Occupied          80.00           49,600.00          11.400
                  BALTIMORE, MD 21226                First                  11/05/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110007         JONES                              One to Four Family     180              83,300.00          743.36
                  4009 BRIAR GLENN CT                Owner Occupied          85.00           83,300.00          10.200
                  WINSTON-SALEM, NC 27127            First                  11/05/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110008         GRANGER                            One to Four Family     180              40,800.00          425.97
                  2501 W. LOMBARD ST.                Owner Occupied          85.00           40,800.00          12.200
                  BALTIMORE, MD 21223                First                  11/05/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110009         OUTEN                              One to Four Family     180              37,000.00          393.09
                  6445 N. 16TH ST.                   Owner Occupied          64.91           37,000.00           9.800
                  PHILADELPHIA, PA 19126             First                  11/07/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110011         SIMPSON                            One to Four Family     180              48,620.00          516.54
                  2522 LAURETTA AVE                  Owner Occupied          83.83           48,620.00           9.800
                  BALTIMORE, MD 21223                First                  11/07/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110012         JEFFERSON                          One to Four Family     240              73,100.00          848.62
                  2428 ROSS DR                       Owner Occupied          85.00           73,100.00          12.850
                  FREDERICKSBURA, VA 22407           First                  11/07/2017       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110013         BEYER                              One to Four Family     180              32,000.00          388.18
                  1623 MARKET ST.                    Owner Occupied          80.00           32,000.00          12.200
                  HARRISBURA, PA 17103               First                  11/07/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110015         SAFFORD                            One to Four Family     180              41,650.00          422.02
                  5332 N. CAMAC ST.                  Owner Occupied          85.00           41,650.00          11.800
                  PHILADELPHIA, PA 19141             First                  11/07/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110017         PYLES                              One to Four Family     180              30,950.00          465.40
                  7852 NEW BATTLE GROVE RD.          Owner Occupied          34.78           30,950.00          16.500
                  BALTIMORE, MD 21222                Second                 11/10/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110020         PENNYMAN                           One to Four Family     180              38,600.00          453.38
                  590 E. 107TH ST.                   Owner Occupied          89.77           38,600.00          11.600
                  CLEVELAND, OH 44108                First                  11/10/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  128     Page Balance:   $774,120.00    Generated By: Dmenegus
<PAGE>   131
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
AD7110022         DIEFENDERFER                       One to Four Family     240              33,600.00          319.81
                  812 WYOMINA ST.                    Owner Occupied          70.00           33,600.00           9.800
                  ALLENTOWN, PA 18103                First                  11/03/2017       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110024         STANFORD                           One to Four Family     240              93,500.00          829.25
                  309 HIGHLAND TERR                  Owner Occupied          85.00           93,500.00           8.800
                  PITTSBURG, PA 15215                First                  11/10/2017      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110025         WEES                               One to Four Family     240              59,000.00          697.54
                  56 FOURTH ST.                      Owner Occupied          61.14           59,000.00          13.150
                  HUTCHINSON, PA 15640               First                  11/10/2017       96,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100065         HODGE                              One to Four Family     240              36,550.00          389.78
                  1330 JEROME ST.                    Owner Occupied          85.00           36,510.49          11.500
                  PHILADELPHIA, PA 19133             First                  10/30/2017       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100079         KING                               One to Four Family     180             112,000.00        1,186.64
                  330 S. BAGE ST.                    Owner Occupied          80.00          111,970.69          12.400
                  SOMONAUK, IL 60552                 First                  10/30/2012      167,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100080         FARINO                             One to Four Family     240              31,100.00          337.03
                  18014 HOMEWOOD AVE                 Owner Occupied          22.21           31,067.49          11.750
                  HOMEWOOD, IL 60430                 Second                 10/30/2017      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100081         HARRIS                             One to Four Family     180              44,100.00          403.07
                  732 DURBIN ST.                     Owner Occupied          90.00           44,082.44          10.490
                  GARY, IN 46406                     First                  10/27/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110022         DICKEY                             One to Four Family     180              32,900.00          376.58
                  2302 E. PRESTON ST.                Owner Occupied          70.00           32,900.00          13.490
                  BALTIMORE, MD 21213                First                  11/05/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110009         INSKEEP                            One to Four Family     180              55,250.00          501.27
                  RD1 BOX 490A                       Owner Occupied          85.00           55,250.00          10.400
                  HYNDMAN, PA 15545                  First                  11/03/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110022         ELISIO                             One to Four Family     240              10,360.00          122.48
                  11 S. KIRKLAND ST.                 Owner Occupied           6.77           10,360.00          13.150
                  UPPER DARBY, PA 19082              Second                 11/05/2017      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110023         SICKONIC                           One to Four Family     180              14,000.00          186.44
                  2264 POPLAR ST.                    Owner Occupied          11.67           14,000.00          14.000
                  ALLENTOWN, PA 18103                First                  11/05/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110024         SIEGER                             One to Four Family     240              28,000.00          283.32
                  55 THIMBLEBURY LN                  Owner Occupied          23.33           28,000.00          10.700
                  LANDSDALE, PA 19054                First                  11/05/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  129     Page Balance:   $550,241.11    Generated By: Dmenegus
<PAGE>   132
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
ED7100032         TWEEDY                             One to Four Family     180              36,000.00          392.33
                  668 SPANGLER DR                    Owner Occupied          80.00           35,991.37          12.790
                  ZANESVILLE, OH 43701               First                  10/30/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7100034         TETRAULT                           One to Four Family     180              43,200.00          420.90
                  2111 WASHINGTON AVE                Owner Occupied          80.00           43,200.00          11.290
                  BEDFORD, IN 47421                  First                  11/03/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7100036         WRIGHT                             One to Four Family     180              54,800.00          521.87
                  6 RUNNING BROOK CT                 Owner Occupied          80.00           54,800.00          11.000
                  OWINGSMILLS, MD 21117              First                  11/03/2012       68,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110008         BRADY                              One to Four Family     120              36,000.00          481.54
                  4404 WAKEFIELD RD                  Owner Occupied          56.25           36,000.00          10.290
                  BALTIMORE, MD 21216                First                  11/05/2007       64,000.00                
- ----------------------------------------------------------------------------------------------------------------------
ED7110009         BOONE                              One to Four Family     240              43,600.00          429.16
                  5017 N. MARVINE ST.                Owner Occupied          80.00           43,600.00          10.290
                  PHILADELPHIA, PA 19141             First                  11/04/2017       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110010         HAMRICK                            One to Four Family     180              54,000.00          660.83
                  2520 W. WHITTAKER CLASE            Owner Occupied          13.50           54,000.00          14.490
                  WILLIAMSBURG, VA 23185             Second                 11/05/2012      400,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110011         BROWN                              One to Four Family     180              25,000.00          258.12
                  3808 DERBY MANOR DR                Owner Occupied          35.21           25,000.00          12.050
                  BALTIMORE, MD 21215                First                  11/05/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110012         RICE                               One to Four Family     180              15,500.00          206.32
                  516 PROSPECT RD                    Owner Occupied          33.70           15,500.00          13.990
                  HURT, VA 24563                     First                  11/05/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110014         DENITON                            One to Four Family     180              28,000.00          272.80
                  3326 CHESTERFIELD AVE              Owner Occupied          50.91           28,000.00          11.290
                  BALTIMORE, MD 21213                First                  11/05/2012       55,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TB7100035         BRISCOE                            One to Four Family     180              42,800.00          402.76
                  13606 13TH ST.                     Owner Occupied          80.00           42,800.00          10.850
                  DADE CITY, FL 33525                First                  11/20/2012       53,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100296         GETSEE                             One to Four Family     120              10,000.00          130.72
                  2350 NE HWY 318                    Owner Occupied          22.99           10,000.00           9.740
                  CITRA, FL 32113                    First                  11/23/2007       43,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7110064         NELSON                             One to Four Family     180              26,000.00          317.08
                  14302 90TH AVE N.                  Owner Occupied          20.31           26,000.00          12.300
                  SEMINOLE, FL 33776                 Second                 11/23/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  130     Page Balance:   $414,891.37    Generated By: Dmenegus
<PAGE>   133
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7105522         THOMAS                             One to Four Family     180              72,000.00          685.13
                  9400 LITTLE RIVER BLVD             Owner Occupied          80.00           71,974.27          10.990
                  MIAMI, FL 33147                    First                  10/20/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105697         PEED                               One to Four Family     180              42,200.00          433.75
                  5643 NORTH FAIRHILL ST.            Owner Occupied          73.39           42,175.68          11.990
                  PHILADELPHIA, PA 19120             First                  10/01/2012       57,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110226         PUCCIO                             One to Four Family     180             109,000.00        1,079.42
                  651 61ST ST.                       Owner Occupied          59.89          108,929.99          11.500
                  W. NEW YORK, NJ 07093              First                  10/01/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110479         STALLINGS                          One to Four Family     180              65,000.00          569.94
                  1223 NEWLAND RD                    Owner Occupied          48.15           64,630.26           9.990
                  ELIZABETH CITY, NC 27909           First                  08/25/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110480         STATLER                            One to Four Family     180              54,500.00          689.20
                  6831 HOME CITY AVE                 Owner Occupied          60.56           54,500.00          12.990
                  CINCINNATI, OH 45233               Second                 10/05/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110481         STEVENS                            One to Four Family     180              35,895.00          385.51
                  80 DEAVER PARK CIR                 Owner Occupied          39.02           35,257.47           9.990
                  ASHVILLE, NC 28806                 Second                 09/05/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110482         WARD                               One to Four Family     180              25,000.00          276.35
                  1104 WEST RD                       Owner Occupied          47.62           24,900.45          10.500
                  SALISBURY, MD 21801                First                  06/20/2012       52,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110483         WEDDERBURN                         One to Four Family     180              24,000.00          303.50
                  3143 FARINGTON DR                  Owner Occupied          77.42           23,956.30          12.990
                  LITHONIA, GA 30038                 First                  09/09/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110485         WILLIAMS                           One to Four Family     180              15,500.00          190.94
                  2190 E. 74TH ST.                   Owner Occupied          30.39           15,470.39          12.490
                  CLEVELAND, OH 44103                First                  10/25/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110488         XAVIER                             One to Four Family     180              90,000.00          925.06
                  6817 SW 34TH COURT                 Owner Occupied          80.00           89,905.82          11.990
                  MIBAMAR, FL 33029                  First                  09/10/2012      113,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110489         YOUNG                              One to Four Family     120              18,400.00          263.88
                  ROUTE 1 BOX 226-C1                 Owner Occupied          14.26           18,242.69          11.990
                  ELLENDALE, DE 19941                Second                 09/20/2007      129,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110490         ZICCARELLI SR                      One to Four Family     180              61,700.00          720.77
                  4304 NW 67TH WAY                   Owner Occupied          24.68           61,412.00          11.500
                  CORAL SPRINGS, FL 33067            Second                 09/25/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  131     Page Balance:   $611,355.32    Generated By: Dmenegus
<PAGE>   134
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7110662         ADEYELE SR                         One to Four Family     180              48,800.00          520.44
                  1514 RAVENEL RD                    Owner Occupied          80.00           48,774.85          12.490
                  CONLEY, GA 30027                   First                  10/01/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110665         BEST                               One to Four Family     180              34,300.00          406.14
                  803 ROSSVILLE AVE                  Owner Occupied          70.00           34,287.41          13.990
                  FRANKFORT, IN 46041                First                  09/03/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110666         BISAHA                             One to Four Family     180              79,200.00          937.79
                  118 EVERGREEN TRAIL NE             Owner Occupied          80.00           79,143.19          13.990
                  GANGSVILLE, GA 30501               First                  09/01/2012       99,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110667         BOND                               One to Four Family     180              58,500.00          732.69
                  214 STOKES ST.                     Owner Occupied          54.17           58,491.25          14.850
                  HAYRE DE GRACE, MD 21078           First                  09/15/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110670         BUCHANAN                           One to Four Family     360             107,600.00          948.25
                  122 SPRINGFIELD RD                 Owner Occupied          80.00          107,600.00          10.050
                  STANLEY, NC 28164                  First                  10/05/2027      134,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110671         BUSH                               One to Four Family     240              39,091.00          379.31
                  5160 PAUL CIRCLE                   Owner Occupied          20.15           38,987.19          10.080
                  CONYERS, GA 30208                  Second                 10/01/2017      194,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110672         CAUTHEN                            One to Four Family     180              62,625.00          741.53
                  2 COLONIAL CLUB DR                 Owner Occupied          75.00           62,613.57          13.990
                  ACWORTH, GA 30101                  First                  10/20/2012       83,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110673         COLLINS                            One to Four Family      72              34,100.00          666.48
                  901 TIFTON ST.                     Owner Occupied          53.28           33,903.99          11.990
                  NORFOLK, VA 23613                  First                  09/20/2003       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110674         COLLISHAW                          One to Four Family     180              40,000.00          539.43
                  1501 OLD LAIHE LIGHTER WAY         Owner Occupied          17.39           39,816.38          14.250
                  WILMINGTON, NC 28403               Second                 09/05/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110678         DAVIS                              One to Four Family     180              41,500.00          524.80
                  6434 KELTONSHIRE RD                Owner Occupied          50.00           40,940.56          12.990
                  PABLINA, OH 44128                  First                  05/01/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110679         DAWSON                             One to Four Family     180              52,000.00          554.57
                  3631 E FAYETTE ST.                 Owner Occupied          80.00           51,935.44          12.490
                  BALTIMORE, MD 21224                First                  07/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110680         DAWSON                             One to Four Family     180              56,950.00          692.68
                  17 ISLAND ST.                      Owner Occupied          85.00           56,795.42          12.250
                  LONACONING, MD 21539               First                  10/01/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  132     Page Balance:   $653,289.25    Generated By: Dmenegus
<PAGE>   135
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110681         DENSMORE                           One to Four Family     180              42,000.00          497.31
                  129 FLANDERS RD                    Owner Occupied          70.00           41,847.52          13.990
                  DAHLONEGA, GA 30533                First                  09/20/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110682         DOMINICK                           One to Four Family     180              59,800.00          591.74
                  656 NOTTINGHAM RD                  Owner Occupied          46.72           59,780.85          11.490
                  ELKTON, MD 21921                   Second                 09/25/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110683         DUFF                               One to Four Family     180               7,200.00           99.54
                  6215 CLOVER LANE                   Owner Occupied          10.00            7,179.51          14.750
                  RICHMOND, VA 23228                 Second                 09/25/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110684         DUNAWAY                            One to Four Family     180              78,750.00          995.12
                  6706 OVANDED RD                    Owner Occupied          75.00           78,737.71          14.990
                  ALEXANDRIA, VA 22307               First                  09/25/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110685         DUNNINGTON                         One to Four Family     180             108,000.00        1,110.07
                  5340 NELSON POINT RD               Owner Occupied          80.00          107,969.73          11.990
                  INDIAN HERD, MD 20640              First                  10/05/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110686         ECHOLS                             One to Four Family     180              70,000.00          788.04
                  200 PARKWAY ST.                    Owner Occupied          57.85           69,984.88          13.250
                  WINCHESTER, VA 22601               First                  09/20/2012      121,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110688         EDISON                             One to Four Family     180              53,925.00          554.26
                  2007 GARGO PLACE                   Owner Occupied          77.15           53,893.93          11.990
                  ATLANTA, GA 30316                  First                  10/01/2012       69,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110733         MILLER                             One to Four Family     180             168,000.00        1,473.08
                  1214 HILLTOP DR                    Owner Occupied          80.00          167,925.52           9.990
                  ANNAPOLIS, MD 21401                First                  10/01/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110735         MORTON                             One to Four Family     360              32,900.00          338.16
                  12057 GRIFFING AVE                 Owner Occupied          70.00           32,890.57          11.990
                  CLEVELAND, OH 44120                First                  10/15/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110737         NEWMAN                             One to Four Family     180              43,000.00          488.47
                  225 RIVERSIDE RD                   Owner Occupied          27.74           42,905.34          10.990
                  EDGEWATER, MD 21037                Second                 09/15/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110740         PEARSON                            One to Four Family     180              50,000.00          648.83
                  203 CARESON LANE                   Owner Occupied         200.00           49,913.25          13.490
                  NEW DERN, NC 28562                 First                  11/01/2012           69.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110741         PEDERSEN                           One to Four Family     180             125,000.00        1,579.56
                  389 BETTS BRANCH RD                Owner Occupied          59.24          124,981.90          14.990
                  BAYSON CITY, NC 28713              First                  09/05/2012      211,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  133     Page Balance:   $838,010.71    Generated By: Dmenegus
<PAGE>   136
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110744         PIGFORD                            One to Four Family     180              42,500.00          544.74
                  2831 WILLARD RD                    Owner Occupied          85.00           42,464.39          13.250
                  WILLARD, NC 28457                  First                  10/05/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110745         PORTERFIELD                        One to Four Family     180              19,900.00          278.38
                  9357 NC HUD ST.                    Owner Occupied          16.31           19,870.20          14.990
                  ROUGEMONT, NC 27572                Second                 10/20/2012      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110746         RAFFERTY                           One to Four Family     180              84,800.00          954.66
                  2217 THISTLE DAWN DR               Owner Occupied          80.00           84,763.14          13.250
                  LOUISVILLE, KY 40216               First                  10/01/2012      106,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110747         RANSOME                            One to Four Family     180              41,250.00          455.98
                  2808 OLD US 64                     Owner Occupied          75.00           41,040.43          12.990
                  JAMESVILLE, NC 27846               First                  09/25/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110749         RIDDLE                             One to Four Family     180              51,750.00          572.46
                  2752 HWY 41                        Owner Occupied          75.00           51,750.00          13.000
                  GREENBRIER, TN 37073               First                  07/05/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110752         ROSS                               One to Four Family     360             156,000.00        1,311.73
                  11015 1015 LANE                    Owner Occupied          80.00          155,923.27           9.500
                  UPPER MARLBORO, MD 20772           First                  09/15/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110753         SALAZAR JR                         One to Four Family     180              28,000.00          335.87
                  2979 MOUNT OLIVE DR                Owner Occupied          20.66           27,939.10          11.990
                  DECATUR, GA 30033                  Second                 09/15/2012      135,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110757         SHAW                               One to Four Family     180              33,725.00          372.80
                  36 VALLEY LANE                     Owner Occupied          70.26           33,724.27          12.990
                  HALLSBORO, NC 28472                First                  10/05/2012       48,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110759         SHOVLIN                            One to Four Family     180              88,000.00          972.77
                  1406 P&N DRVIE                     Owner Occupied          80.00           87,979.83          12.990
                  ANDERSON, SC 29621                 First                  10/05/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110760         SHOWELL                            One to Four Family     180              50,400.00          557.13
                  BOX 371 RT 113                     Owner Occupied          80.00           50,388.45          12.990
                  FRANKFORD, DE 19945                First                  08/25/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110761         SMALLS JR                          One to Four Family     180              20,897.00          271.17
                  6486 BOROLINK COURT                Owner Occupied          22.23           20,897.00          13.490
                  REX, GA 30273                      Second                 11/03/2012       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110762         STEPHENS                           One to Four Family     180              45,080.00          484.27
                  163 KADAY LANE                     Owner Occupied          70.00           44,666.66          12.590
                  GRIFFIN, GA 30224                  First                  09/20/2012       64,400.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  134     Page Balance:   $661,406.74    Generated By: Dmenegus
<PAGE>   137
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7110763         STOKES                             One to Four Family     180              37,306.00          423.78
                  647 NLFRED ROAD NW                 Owner Occupied          56.52           37,223.88          10.990
                  ATLANTA, GA 30331                  First                  10/20/2012       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110765         TEDDER                             One to Four Family     120              33,600.00          467.61
                  3436 WALL FLOWER LANE              Owner Occupied          70.00           33,424.89          11.250
                  DARLINGTON, SC 29540               First                  10/01/2007       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110767         TURNER                             One to Four Family     240              63,750.00          690.86
                  3544 SPENCER PRESTON RD            Owner Occupied          85.00           63,616.07          11.750
                  MARTINSVILLE, VA 24112             First                  09/25/2017       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110769         WARREN                             One to Four Family     180              31,500.00          398.34
                  1506 PEARL AVE                     Owner Occupied          37.06           31,442.65          12.990
                  ALBANY, GA 31707                   Second                 10/21/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110770         WELCH                              One to Four Family     180              43,875.00          589.66
                  220 HOLLY AVE                      Owner Occupied          65.00           43,869.97          15.990
                  GOOSE CREEK, SC 29445              First                  09/15/2012       67,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110772         WOODRING                           One to Four Family     180              33,000.00          390.76
                  1822 MALTRAVERS RD                 Owner Occupied          34.02           32,913.24          11.750
                  GLEN BURNIE, MD 21060              Second                 10/01/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110773         GRIFFIN                            One to Four Family     180              15,000.00          182.37
                  986 LINAM ST. SE                   Owner Occupied          42.86           14,997.51          14.390
                  ATLANTA, GA 30312                  First                  10/25/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112273         MILLER                             One to Four Family     180              48,000.00          529.10
                  13301 S. EBERHART                  Owner Occupied          80.00           47,943.28          12.950
                  RIVERDALE, IL 60627                First                  06/16/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TD7080017         CATE                               One to Four Family     360             107,858.00          744.95
                  29717 MORUEN PL                    Owner Occupied          90.00          107,858.00           7.380
                  WESLEY CHAPEL, FL 33543            First                  11/21/2027      119,843.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7110001         WELDON                             One to Four Family     180              55,675.00          540.75
                  1623E 30TH STREET                  Owner Occupied          83.10           55,675.00          11.250
                  BALTIMORE, MD 21218                First                  11/04/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100052         HILL                               One to Four Family     180              32,200.00          298.16
                  RD 1 BOX 10A                       Owner Occupied          70.00           32,187.62          10.650
                  LINCOLN, DE 19960                  First                  10/28/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110010         EVERSON                            One to Four Family     240              21,000.00          245.88
                  136  FRANCIS STREET                Owner Occupied          70.00           21,000.00          12.990
                  CLAIRTON, PA 15025                 First                  11/04/2017       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  135     Page Balance:   $522,152.11    Generated By: Dmenegus
<PAGE>   138
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
DB7110011         HAFFNER                            One to Four Family     180              68,000.00          584.23
                  810  BROOK STREET                  Owner Occupied          80.00           68,000.00           9.750
                  SCRANTON, PA 18505                 First                  11/04/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110013         HELMS                              One to Four Family     180              24,000.00          210.62
                  756  NORTH ARNOLDA                 Owner Occupied          60.00           24,000.00          10.000
                  INDIANAPOLIS, IN 46222             First                  11/04/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110014         STIFTER                            One to Four Family     180              41,300.00          440.78
                  316  SETH PLACE                    Owner Occupied          31.77           41,300.00          12.500
                  ROCKVILLE, MD 20850                Second                 11/04/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110015         BALL                               One to Four Family     180              75,050.00          795.16
                  1447SERIDGE PLACE                  Owner Occupied          79.00           75,050.00          12.400
                  WASHINGTON, MD 20020               First                  11/04/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110016         WHITE                              One to Four Family     180             180,000.00        1,781.15
                  1304  MAGNOLIA AVENUE              Owner Occupied          71.43          180,000.00          11.490
                  ANNAPOLIS, MD 21043                First                  11/04/2012      252,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110017         SWANN                              One to Four Family     180             144,500.00        1,485.23
                  1310  DENNIS AVENUE                Owner Occupied          85.00          144,500.00          11.990
                  SILVER SPRING, MD 20902            First                  11/04/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110019         ULMER                              One to Four Family     240              61,000.00          568.60
                  750-752 N FRONT ST                 Owner Occupied          72.62           61,000.00           9.500
                  MILTON, PA 17847                   First                  11/04/2017       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7100016         DOMINICK                           One to Four Family     180             105,300.00          979.00
                  3600  TIMBERWOOD ROAD              Owner Occupied          90.00          105,018.84          10.700
                  MUNHALL, PA 15120                  First                  10/17/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110001         PAULINELLIE                        One to Four Family     180              16,600.00          226.56
                  RD1  P O BOX44                     Owner Occupied          21.28           16,600.00          14.490
                  LUTHERSBURG, PA 15848              First                  11/04/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110002         SCHEERER                           One to Four Family     180              64,000.00          623.55
                  115  DARLINGTON AVENUE             Owner Occupied          80.00           64,000.00          11.290
                  ABERDEEN, MD 21001                 First                  11/04/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110003         MONTGOMERY                         One to Four Family     180              22,500.00          299.49
                  7007  MASON STREET                 Owner Occupied          16.67           22,500.00          13.990
                  DISTRCT HEIGHTS, MD 20747          First                  11/04/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110004         COOK                               One to Four Family     180              28,000.00          372.70
                  4702  WALLACE DRIVE                Owner Occupied          70.00           28,000.00          13.990
                  PHILADELPHIA, PA 19139             First                  11/04/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  136     Page Balance:   $829,968.84    Generated By: Dmenegus
<PAGE>   139
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
ED7110005         YOUNG                              One to Four Family     180              70,000.00          751.80
                  7551  QUAKER NECK ROAD             Owner Occupied          42.68           70,000.00           9.990
                  CHESTERTOWN, MD 21620              First                  11/04/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7110006         KANE                               One to Four Family     240              42,000.00          396.72
                  631  SHEARER STREET                Owner Occupied          76.36           42,000.00           9.690
                  GREENSBORO, PA 15601               First                  11/04/2017       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090517         WILLIAMS                           One to Four Family     180              45,920.00          430.39
                  3325  BLUE SPRINGS ROAD            Owner Occupied          70.00           45,902.89          10.800
                  STRAWBERRY PLAINS, TN 37871        First                  10/30/2012       65,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100477         BRONIKOWSKI                        One to Four Family     360              52,000.00          455.96
                  545  OLD COLUMBIA RD               Owner Occupied          80.00           51,834.49           9.990
                  UNIONVILLE, TN 37180               First                  05/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100904         SUMTER                             One to Four Family     180             117,600.00        1,214.18
                  820  DANTZLER                      Owner Occupied          80.00          117,499.16          12.050
                  ORANGEBURG, SC 29115               First                  09/01/2012      147,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102693         FERGUSON                           One to Four Family     180              28,000.00          240.56
                  2250  KELLOGG PK DR                Owner Occupied          20.00           27,933.63           9.750
                  POMONA, CA 91768                   First                  07/01/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105355         DOUGHER                            One to Four Family     120              31,155.00          448.79
                  940  GRACE TERRACE                 Owner Occupied          46.50           31,155.00          12.100
                  JACKSONVILLE, FL 32205             Second                 11/10/2007       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105373         HAMILTON                           One to Four Family     120              16,499.14          248.78
                  318  WILLIAMS DRIVE                Owner Occupied          30.00           16,499.14          13.250
                  CHATTANOOGA, TN 37421              First                  11/17/2007       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105443         GREEN                              One to Four Family     360              31,800.00          366.75
                  1748W 9TH STREET                   Owner Occupied          60.00           31,800.00          13.600
                  JACKSONVILLE, FL 32209             First                  11/17/2027       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105637         HILL                               One to Four Family     240              14,730.00          151.95
                  512  SOUTH CHESTNUT                Owner Occupied          25.40           14,712.95          10.990
                  OLATHE, KS 66061                   Second                 10/29/2017       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105776         CORNETT                            One to Four Family     120              25,900.00          385.19
                  772SETHIRD STREET                  Owner Occupied          70.00           25,900.00          12.900
                  BELLE GLADE, FL 33430              First                  11/05/2007       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111221         BISHOP                             One to Four Family     360              27,300.00          262.47
                  8315  CENTURY PT DR S              Owner Occupied          65.00           27,290.51          11.120
                  JACKSONVILLE, FL 32216             First                  11/01/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  137     Page Balance:   $502,527.77    Generated By: Dmenegus
<PAGE>   140
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7111526         BOWEN                              One to Four Family     180              25,000.00          307.97
                  207  WEST KREHBIEL                 Owner Occupied          56.82           24,952.24          12.490
                  MOUNDRIDGE, KS 67107               First                  11/01/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111527         DEY0                               One to Four Family     360              37,375.00          391.37
                  10018NW6TH STREET #14              Owner Occupied          65.00           37,364.86          12.240
                  PEMBROKE PINES, FL 33024           First                  11/01/2027       57,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7112312         BOSTON                             One to Four Family     180              71,500.00          846.62
                  354  HARPWOOD DRIVE                Owner Occupied          65.00           71,460.39          13.990
                  FRANKLIN, OH 45005                 First                  09/01/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100138         CARTER                             One to Four Family     180              17,000.00          198.60
                  326 EAST THIRD ST.                 Owner Occupied          68.00           17,000.00          11.500
                  LEXINGTON, KY 40508                First                  11/26/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100311         ELDRIDGE                           One to Four Family     360              58,500.00          515.11
                  483 EAST MAIN ST.                  Owner Occupied          75.97           58,500.00          10.040
                  VERMONTVILLE, MI 49096             First                  11/26/2027       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110080         RYAN                               One to Four Family     360              69,600.00          587.27
                  1537 GALDENWOOD COURT              Owner Occupied          80.00           69,600.00           9.540
                  CINCINNATE, OH 45231               First                  11/25/2027       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110183         COLLEY                             One to Four Family     180              12,650.00          123.35
                  738 S. PITE ST.                    Owner Occupied          55.00           12,650.00          11.300
                  LIMA, OH 45804                     First                  11/26/2012       23,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FB7081036         STEVENS                            One to Four Family     240              64,000.00          606.63
                  409 COTTONWOOD DR                  Owner Occupied          74.42           64,000.00           9.740
                  DAKBALE, PA 15071                  First                  11/24/2017       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100791         CURRY                              One to Four Family     360              72,000.00          613.32
                  3 MONTA VISTA PL                   Owner Occupied          80.00           72,000.00           9.650
                  CROSSLANES, WV 25302               First                  11/19/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100946         WILSON                             One to Four Family     360              67,200.00          619.74
                  1545 CLIFTON DOULOS DR. SE         Owner Occupied          80.00           67,200.00          10.600
                  ATLANTA, GA 30316                  First                  11/24/2027       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110105         FLOYD                              One to Four Family     360              50,000.00          466.75
                  1003 E. PHK ELLENA ST.             Owner Occupied          50.76           50,000.00          10.750
                  PHILADELPHIA, PA 19150             First                  11/24/2027       98,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110133         BOTWIN                             One to Four Family     180              45,500.00          462.78
                  261 W. RUSCOMB ST.                 Owner Occupied          65.00           45,500.00          11.850
                  PHILADELPHIA, PA 19120             First                  11/19/2012       70,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  138     Page Balance:   $590,227.49    Generated By: Dmenegus
<PAGE>   141
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7110218         CHANEY                             One to Four Family     360              49,600.00          494.98
                  1188 BONEAS DR                     Owner Occupied          80.00           49,600.00          11.600
                  BATON ROUGE, LA 70816              First                  11/24/2027       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110425         GRAY                               One to Four Family     240              39,200.00          375.70
                  509 SHALLOWFORD RD                 Owner Occupied          80.00           39,200.00           9.900
                  CHATTANOOGA, TN 37411              First                  11/21/2017       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106304         WALSH                              One to Four Family     180              48,750.00          577.24
                  38 CARTER ST. UNIT 215             Owner Occupied          65.00           48,732.10          13.990
                  EVERETT, MA 02149                  First                  10/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106305         WALSH                              One to Four Family     180              34,450.00          407.92
                  60 GIBSON ST.                      Owner Occupied          65.00           34,437.35          13.990
                  DORCHESTER, MA 02125               First                  10/01/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106630         MONTGOMERY                         One to Four Family     120              10,000.00          150.20
                  3149 DREXEL RD                     Owner Occupied          37.04            9,959.38          13.150
                  DETROIT, MI 48215                  First                  10/28/2007       27,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110607         CLARK                              One to Four Family     360              40,000.00          365.60
                  10 HAVS ST.                        Owner Occupied          75.47           40,000.00          10.490
                  PITTSBURGE, PA 15209               First                  12/01/2027       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110801         SANDERS                            One to Four Family     360              31,500.00          369.25
                  3029 PARK AVE                      Owner Occupied          70.00           31,500.00          13.840
                  KANSAS CITY, MO 64109              First                  12/11/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110904         YEAGER                             One to Four Family     360              30,100.00          313.10
                  5237 EAST 7TH ST.                  Owner Occupied          70.00           30,100.00          12.150
                  KANSAS CITY, MO 64124              First                  11/14/2027       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115473         GUFFEY                             One to Four Family     180              15,000.00          183.90
                  1114 TECUMSEN ST.                  Owner Occupied          50.00           14,971.10          12.400
                  INDIANAPOLIS, IN 46201             First                  10/17/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115494         CAESAR                             One to Four Family     360             104,000.00          951.33
                  398 SANFORD AVE                    Owner Occupied          80.00          104,000.00          10.500
                  NEWARK, NJ 07106                   First                  11/05/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115499         PENDOLA                            One to Four Family     180             160,000.00        1,607.71
                  157 CHESNUT ST.                    Owner Occupied          80.00          159,950.96          11.690
                  EVERETTA, MA 02149                 First                  11/01/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115500         PENDOLA                            One to Four Family     180              21,395.00          270.70
                  18 WOODSIDE AVE                    Owner Occupied          12.74           21,356.08          13.000
                  EVERETTA, MA 02149                 Second                 11/01/2012      168,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  139     Page Balance:   $583,806.97    Generated By: Dmenegus
<PAGE>   142
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115559         COVINGTON                          One to Four Family     180              86,800.00          886.16
                  2615 NEWGLEN AVE                   Owner Occupied          70.00           86,800.00          11.900
                  FORESTVILLE, MD 20747              First                  11/03/2012      124,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115586         SIMS                               One to Four Family     180              42,960.00          438.59
                  1517 DUCHESS DRIVE                 Owner Occupied          60.00           42,947.43          11.900
                  SALISBURY, MD 21801                First                  10/27/2012       71,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115591         VAL                                One to Four Family     180              28,600.00          272.15
                  629 TRUIT ST.                      Owner Occupied          80.00           28,589.78          10.990
                  SALISBURY, MD 21801                First                  11/01/2012       45,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115593         TAYLOR                             One to Four Family     180              26,000.00          295.35
                  913 CLARKE AVE                     Owner Occupied          40.94           25,942.77          10.990
                  POCOMOKE, MD 21851                 First                  10/20/2012       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115596         THOMAS                             One to Four Family     180              39,000.00          418.86
                  104 N. DIVISION ST.                Owner Occupied          81.25           39,000.00           9.990
                  FRUITLAND, MD 21826                First                  11/03/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115601         WILSON                             One to Four Family     180             120,400.00        1,252.37
                  104 GIDDINAS AVE                   Owner Occupied          70.00          120,366.68          12.150
                  SERERNA PARK, MD 21146             First                  10/13/2012      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115681         BADGER 111                         One to Four Family     180              17,200.00          203.68
                  42 PARADISE AVE                    Owner Occupied          11.10           17,200.00          11.750
                  HAMDEN, CT 06514                   Second                 11/17/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115686         CHOWANIEC                          One to Four Family     180              15,000.00          156.64
                  69 COLEMAN RD                      Owner Occupied           9.68           15,000.00           9.500
                  MIDDLETOWN, CT 06457               First                  11/10/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115687         DANIELS                            One to Four Family     180              28,500.00          288.56
                  4142 RVE ANTOINETTE LN             Owner Occupied          21.43           28,500.00          11.790
                  STONE MOUNTAIN, GA 30083           Second                 11/17/2012      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115688         FORONDA                            One to Four Family     360             157,500.00        1,307.15
                  54-47 83RD ST                      Owner Occupied          75.00          157,500.00           9.350
                  WOODSIDE, NY 11377                 First                  11/14/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115690         HEAD                               One to Four Family     180             104,000.00          986.49
                  2995 SHARON LN                     Owner Occupied          80.00          104,000.00          10.950
                  CUMMING, GA 30040                  First                  11/19/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115692         HUND                               One to Four Family     180              38,450.00          334.31
                  833 WEBBER LAKE RD                 Owner Occupied          36.27           38,450.00           9.890
                  UNION, SC 29379                    Second                 11/13/2012      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  140     Page Balance:   $704,296.66    Generated By: Dmenegus
<PAGE>   143
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115697         LEITE                              One to Four Family     360             143,500.00        1,312.66
                  756-758 ORANGE AVE                 Owner Occupied          68.33          143,500.00          10.500
                  MILFORD, CT 06460                  First                  11/13/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115698         LISKA                              One to Four Family     180              30,000.00          327.18
                  4 CARNEGIE ST.                     Owner Occupied          49.18           29,992.82          12.800
                  MOUNT PLEASANT, PA 15666           First                  11/01/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115699         LITTLE                             One to Four Family     180              69,750.00          663.72
                  243 LAUREL HILL AVE                Owner Occupied          75.00           69,750.00          10.990
                  NORWICH, CT 06360                  First                  11/07/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115703         MILLER JR                          One to Four Family     180              47,000.00          438.74
                  366-368 MANSION ST.                Owner Occupied          74.02           47,000.00          10.750
                  POUGHKEEPSIE, NY 12601             First                  11/13/2012       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115708         PELLETIER                          One to Four Family     360             115,000.00          884.26
                  59 PINE HILL RD                    Owner Occupied          69.70          115,000.00           8.500
                  BURLINGTON, CT 06013               First                  11/17/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115713         RUNYON                             One to Four Family     180              40,000.00          417.69
                  9719 BISHOE RD                     Owner Occupied          53.33           40,000.00           9.500
                  MT VERNON, OH 43050                First                  11/17/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115716         SMITH                              One to Four Family     180              44,000.00          418.69
                  5523 BAYWOOD ST.                   Owner Occupied          80.00           43,984.28          10.990
                  PITTSBURG, PA 15206                First                  11/01/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115721         STORMS                             One to Four Family     180              51,750.00          552.31
                  22 CHAPEL ST.                      Owner Occupied          69.93           51,750.00          12.500
                  ELLENVILLE, NY 12428               First                  11/17/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115724         TORRES                             One to Four Family     180              59,250.00          575.48
                  124-126 E. CHESTNUT ST.            Owner Occupied          75.00           59,250.00          11.250
                  HAZELTON, PA 18201                 First                  11/12/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115725         VILLELLA                           One to Four Family     180              83,250.00          715.25
                  407-409 MAPLEWOOD AVE              Owner Occupied          75.00           83,211.16           9.750
                  BRIDGEPORT, CT 06605               First                  11/01/2012      111,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115730         YAGEN                              One to Four Family     180              18,750.00          176.44
                  14 BEACH WOOD AVE UNIT 3           Owner Occupied          75.00           18,750.00          10.850
                  BRIDGEPORT, CT 06604               First                  11/06/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115732         DURROUGH                           One to Four Family     180              52,500.00          636.62
                  27 CAMELLIA DR                     Owner Occupied          70.00           52,500.00          14.350
                  NEWHAN, GA 30263                   First                  11/04/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  141     Page Balance:   $754,688.26    Generated By: Dmenegus
<PAGE>   144
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115735         LEATHERWOOD                        One to Four Family     240              25,000.00          249.42
                  81 MONTANA ST.                     Owner Occupied          64.10           24,969.12          10.490
                  BUFFALO, NY 14211                  First                  11/01/2017       39,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115737         MEICHSNER                          One to Four Family     240              85,000.00          891.86
                  91-12 91ST AVE                     Owner Occupied          59.44           84,905.02          11.250
                  WOODHAVEN, NY 11421                Second                 10/22/2017      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115740         WORDEN                             One to Four Family     180              50,000.00          536.99
                  11 RUMSEYS ST.                     Owner Occupied          67.57           50,000.00           9.990
                  PORT JERVIS, NY 12771              First                  11/04/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115742         AMENEIRO SR                        One to Four Family     180             172,000.00        1,762.59
                  17296 N. 127TH AVE                 Owner Occupied          80.00          171,899.99          11.950
                  JUPITER, FL 33478                  First                  09/30/2012      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115743         BARRON                             One to Four Family     180              37,000.00          467.89
                  3218 HOUSTON AVE                   Owner Occupied          69.81           36,932.64          12.990
                  MACON, GA 31206                    First                  10/20/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115745         CALVIN SR                          One to Four Family     180              19,500.00          217.97
                  6 LANDIS CT                        Owner Occupied          11.47           19,500.00          10.700
                  BROOKLYN, NY 11229                 Second                 11/10/2012      170,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115747         HAYWOOD                            One to Four Family     240              30,128.00          321.29
                  93 CRANFORD CT                     Owner Occupied          21.07           30,128.00          11.500
                  STATEN ISLAND, NY 10306            Second                 11/10/2017      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115748         HURDLE                             One to Four Family     180              41,000.00          437.57
                  343 SOUTH 4TH ST.                  Owner Occupied          58.57           41,000.00          12.500
                  READING, PA 19602                  First                  11/12/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7080005         WALLACE                            One to Four Family     360             152,000.00        1,401.79
                  3450 EAST LAKE RD                  Owner Occupied          80.00          152,000.00          10.600
                  CANADAIGUA, NY 14424               First                  11/12/2027      192,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7080158         KING, SR.                          One to Four Family     360              37,600.00          366.63
                  203 NORTH 41ST ST.                 Owner Occupied          80.00           37,600.00          11.300
                  CAMDEN, NJ 08110                   First                  11/19/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7100115         LAPINE                             One to Four Family     240              45,500.00          449.69
                  153 SENECA PKWY                    Owner Occupied          41.36           45,500.00          10.350
                  ROCHESTER, NY 14613                Second                 11/21/2017      110,000.00                
- ----------------------------------------------------------------------------------------------------------------------
ND7080110         VAN DUNK                           One to Four Family     360              75,900.00          680.15
                  46 E. 2ND AVE                      Owner Occupied          66.00           75,868.16          10.250
                  NEWARK, NJ 07104                   First                  11/01/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  142     Page Balance:   $770,302.93    Generated By: Dmenegus
<PAGE>   145
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
ND7090066         ROWLAND                            One to Four Family     360              99,200.00          834.13
                  91 ELLIOT PL                       Owner Occupied          80.65           99,151.20           9.500
                  EAST ORANGE, NJ 07017              First                  11/01/2027      123,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100188         VELEZ                              One to Four Family     180              39,750.00          357.68
                  4006  CATALPA STREET               Owner Occupied          75.00           39,750.00          10.300
                  EAST CHICAGO, IN 46312             First                  11/14/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100396         BETSON                             One to Four Family     360              71,600.00          780.87
                  6403  N. DEVONSHIRE                Owner Occupied          80.00           71,600.00          12.800
                  PEORIA, IL 61615                   First                  11/26/2027       89,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100401         BENNETT                            One to Four Family     240              18,200.00          173.83
                  1205  COVENTRY RD.                 Owner Occupied          70.00           18,200.00           9.850
                  BARBERTON, OH 44203                First                  11/26/2017       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110096         PARKS                              One to Four Family     180              68,200.00          688.42
                  608  N SUMMIT                      Owner Occupied          87.44           68,200.00          11.750
                  BLOOMINGTON, IN 47404              First                  11/28/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110117         GERACE                             One to Four Family     240              58,400.00          553.94
                  2427  EASTLAWN ST                  Owner Occupied          80.00           58,400.00           9.750
                  LORAIN, OH 44052                   First                  11/26/2017       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7050744         LAWRENCE JR                        One to Four Family     180              42,000.00          384.19
                  618  LAFAYETTE AVENUE              Owner Occupied          70.00           41,915.08          10.500
                  CHESAPEAKE, VA 23324               First                  07/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7060377         DEBROCKY                           One to Four Family     360              29,250.00          323.33
                  2  HUNTER AVENUE                   Owner Occupied          65.00           29,236.53          12.990
                  ALBANY, NY 12206                   First                  09/24/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101066         RIGGINS                            One to Four Family     180              37,000.00          420.31
                  1505  DELATFIELD PLACE, NO         Owner Occupied          16.82           37,000.00          10.990
                  WASHINGTON, DC 20011               Second                 11/17/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101109         MORRELL                            One to Four Family     180             119,000.00        1,088.54
                  624  PENNIMAN ROAD                 Owner Occupied          72.12          119,000.00          10.500
                  WILLIAMSBURG, VA 23185             First                  11/17/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101223         NIERRAS                            One to Four Family     180              20,600.00          246.58
                  385  UNION AVENUE                  Owner Occupied          10.73           20,600.00          11.950
                  RUTHERGORD, NJ 07070               Second                 11/17/2012      192,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110284         GRUMBLING                          One to Four Family     180              45,600.00          557.69
                  761  CHARLES STREET                Owner Occupied          41.45           45,600.00          12.350
                  ROCHESTER, PA 15074                Second                 12/01/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  143     Page Balance:   $648,652.81    Generated By: Dmenegus
<PAGE>   146
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                               Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7110297         RADER                              One to Four Family     360              52,000.00          499.15
                  6005  FARLEY                       Owner Occupied          80.00           52,000.00          11.100
                  KANSAS CITY, MO 64133              First                  11/03/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110322         KONCURAT                           One to Four Family     180              39,000.00          401.16
                  3724  COTTAGE AVE                  Owner Occupied          75.00           39,000.00          12.000
                  BALTIMORE, MD 21215                First                  11/14/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110354         KONCURAT                           One to Four Family     180              30,800.00          312.08
                  1313  KUPER                        Owner Occupied          70.00           30,800.00          11.800
                  BALTIMORE, MD 21215                First                  11/14/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110355         KONCURAT                           One to Four Family     180              39,750.00          408.87
                  2806  WALDORF AVENUE               Owner Occupied          75.00           39,750.00          12.000
                  BALTIMORE, MD 21215                First                  11/14/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110515         BLANKS                             One to Four Family     360              41,300.00          419.74
                  5712  TRACY                        Owner Occupied          70.00           41,300.00          11.840
                  KANSAS CITY, MO 64110              First                  11/07/2027       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110738         UZELAC                             One to Four Family     360              74,000.00          826.70
                  3240  NORTH 99TH STREET            Owner Occupied          80.00           74,000.00          13.140
                  KANSAS CITY, KS 66109              First                  11/17/2027       92,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110757         WINFIELD                           One to Four Family     360              48,800.00          545.18
                  7517  LIBERTY AVENUE               Owner Occupied          80.00           48,800.00          13.140
                  UNIVERSITY CITY, MO 63121          First                  12/01/2027       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110758         ASH                                One to Four Family     360              64,000.00          641.13
                  3128  WINNEBAGO                    Owner Occupied          80.00           64,000.00          11.650
                  ST LOUIS CITY, MO 63118            First                  11/17/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110803         PEERY                              One to Four Family     360              48,750.00          535.09
                  2807  N.W. HARTFORD COURT          Owner Occupied          65.00           48,750.00          12.890
                  BLUE SPRINGS, MO 64015             First                  11/18/2027       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110804         BROWN JR,                          One to Four Family     180              20,000.00          227.83
                  11707  RIMROCK CANYON DRIVE        Owner Occupied          18.18           20,000.00          11.040
                  CHARLOTTE, NC 28226                Second                 12/01/2011      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110806         BIEHL                              One to Four Family     240              56,750.00          638.77
                  7413  LYNN GROVE COURT             Owner Occupied          61.68           56,750.00          12.350
                  HAZELWOOD, MO 63042                Second                 11/17/2017       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110892         SCHUMACHER                         One to Four Family     180              67,500.00          660.74
                  7700  WALNUT STREET                Owner Occupied          78.95           67,500.00          11.350
                  KANSAS CITY, MO 64114              First                  12/01/2012       85,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  144     Page Balance:   $582,650.00    Generated By: Dmenegus
<PAGE>   147
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7110893         MICHEL JR.                         One to Four Family     360              82,500.00          873.46
                  3421  WILSHIRE DRIVE               Owner Occupied          75.00           82,500.00          12.390
                  SAINT CHARLES, MO 63301            First                  12/01/2026      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110894         DAVIS                              One to Four Family     360              36,720.00          367.85
                  1510  PATTERSON STREET             Owner Occupied          80.00           36,720.00          11.650
                  MC KEESPORT, PA 15132              First                  12/01/2027       45,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110895         SMITH                              One to Four Family     360              48,000.00          480.85
                  5331  ALFRED AVE                   Owner Occupied          80.00           48,000.00          11.650
                  SAINT LOUIS, MO 63116              First                  12/01/2027       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110900         PIENIADZ                           One to Four Family     360              53,920.00          560.87
                  623  TENTH STREET                  Owner Occupied          80.00           53,920.00          12.150
                  PITCAIRN, PA 15140                 First                  12/01/2027       67,400.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110902         BAILEY CHUBAROV                    One to Four Family     240              28,240.00          302.14
                  15  EARL STREET                    Owner Occupied          80.00           28,240.00          11.550
                  DUQUENSE, PA 15110                 First                  11/18/2017       35,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110903         PICKERING                          One to Four Family     180              53,480.00          619.66
                  .D. #4 BOX 71A                     Owner Occupied          70.00           53,480.00          11.350
                  FINLEYVILLE, PA 15332              First                  12/01/2012       76,400.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110905         MENDENHALL                         One to Four Family     180              28,700.00          333.27
                  5627  CAMBRIDGE                    Owner Occupied          70.00           28,700.00          11.390
                  KANSAS CITY, MO 64129              First                  11/14/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110906         HIATT                              One to Four Family     360              77,500.00          936.10
                  9900  MEEKS ROAD                   Owner Occupied          50.00           77,500.00          14.290
                  KANSAS CITY, KS 66109              First                  12/01/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110985         ELLSWORTH                          One to Four Family     240              21,000.00          229.04
                  2324  TEXAS                        Owner Occupied          50.00           21,000.00          11.850
                  SAINT LOUIS, MO 63104              First                  12/01/2017       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115441         ALTHOUSE                           One to Four Family     360              68,400.00          650.87
                  183  SENECA ROAD                   Owner Occupied          90.00           68,375.56          10.990
                  LEHIGHTON, PA 18235                First                  10/14/2027       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115442         BAKER                              One to Four Family     180              39,265.00          411.46
                  3219  MARTIN LUTHER KING A         Owner Occupied          35.70           39,254.37          12.250
                  WASHINGTON, DC 20032               Second                 10/16/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115443         BROWN                              One to Four Family     180              39,000.00          461.79
                  2117  KOKO LANE                    Owner Occupied          65.00           38,992.89          13.990
                  BALTIMORE, MD 21216                First                  10/20/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  145     Page Balance:   $576,682.82    Generated By: Dmenegus
<PAGE>   148
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115444         BROWN                              One to Four Family     360              66,300.00          596.58
                  1394  W EMERALD DR                 Owner Occupied          85.00           66,216.77          10.300
                  NEW CASTLE, IN 47362               First                  09/30/2027       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115445         BURTIS                             One to Four Family     180              53,200.00          563.66
                  546  N WASHINGTON                  Owner Occupied          70.00           53,186.07          12.400
                  KANKAKEE, IL 60901                 First                  10/15/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115446         COHEE                              One to Four Family     360              40,000.00          336.34
                  504  STANFILED AVENUE              Owner Occupied          80.00           39,933.06           9.500
                  CHEYENNE, WY 82002                 First                  10/16/2027       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115447         COLLIGAN                           One to Four Family     240              25,000.00          315.43
                  67  VALLEY VIEW DRIVE              Owner Occupied          16.67           24,981.45          14.250
                  FLORISSANT, CO 80816               Second                 10/16/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115448         COLLINS                            One to Four Family     180              19,500.00          215.55
                  505  PLATINUM STREET               Owner Occupied          24.38           19,455.08          10.500
                  FAYETTEVILLE, NC 28311             Second                 10/16/2012       80,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115449         COOK                               One to Four Family     240              65,875.00          624.84
                  134  SOUTH CAMERON AVENUE          Owner Occupied          85.00           65,760.23           9.750
                  SCRANTON, PA 18504                 First                  10/16/2017       77,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115450         DALTON                             One to Four Family     120              40,000.00          539.74
                  .R. #1 BOX 251                     Owner Occupied          67.80           39,810.26          10.500
                  EAST WATERFORD, PA 17021           First                  10/09/2007       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115451         DILLIARD JR                        One to Four Family     180             102,120.00        1,209.18
                  6712  TEMPLE HILL ROAD             Owner Occupied          69.00          102,101.37          13.990
                  TEMPLE HILLS, MD 20748             First                  10/14/2012      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115452         ELIASON                            One to Four Family     240              17,700.00          188.76
                  38  MINNESOTA STREET               Owner Occupied          18.63           17,680.86          11.500
                  LEWES, DE 19958                    Second                 10/17/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115453         ELLIOTT                            One to Four Family     180              18,000.00          198.41
                  707  LAKELAND STREET               Owner Occupied          80.00           18,000.00          12.950
                  FAYETTEVILLE, NC 28301             First                  10/17/2012       22,500.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115454         HARPER JR                          One to Four Family     360             127,500.00        1,117.96
                  8033  SOUTH CHESTNUT WAY           Owner Occupied          85.00          127,443.48           9.990
                  LITTLETON, CO 80123                First                  10/15/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115455         HELMS                              One to Four Family     180              29,250.00          307.41
                  228  CAROLINA ROAD                 Owner Occupied          75.00           29,242.16          12.290
                  ABERDEEN, NC 28315                 First                  10/15/2012       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  146     Page Balance:   $603,810.79    Generated By: Dmenegus
<PAGE>   149
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115457         MCGOWAN                            One to Four Family     180              25,500.00          297.89
                  OX 814                             Owner Occupied          20.40           25,446.49          11.500
                  LAKE ARIEL, PA 18436               Second                 10/17/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115458         MISNER SR                          One to Four Family     240              42,400.00          481.72
                  14556  S. HAMLIN AVE               Owner Occupied          26.01           42,359.95          12.500
                  MIDLOTHIAN, IL 60445               Second                 10/17/2017      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115459         MURPHY                             One to Four Family     180              24,000.00          250.61
                  R # 1 BOX 355                      Owner Occupied          80.00           23,939.39           9.500
                  HONEY GROVE, PA 17035              First                  10/16/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115460         OVERTON                            One to Four Family     180              30,000.00          355.46
                  1215  SOUTH WILTON STREET          Owner Occupied          75.00           29,994.54          14.000
                  PHILADELPHIA, PA 19143             First                  10/16/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115461         POWER                              One to Four Family     180              36,050.00          419.99
                  2348  MENDOTA ROAD                 Owner Occupied          70.00           35,973.99          11.450
                  MENDOTA, VA 24270                  First                  10/15/2012       51,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115462         ROGET                              One to Four Family     180              16,500.00          190.66
                  1012  E TOWNSHIP LINE ROAD         Owner Occupied          10.31           16,464.72          11.300
                  WYNNEWOOD, PA 19096                Second                 10/15/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115463         SKEETE                             One to Four Family     180              60,750.00          576.24
                  1266  BOOKER TERRACE               Owner Occupied          75.00           60,577.04          10.950
                  CAPITAL HEIGHTS, MD 20743          First                  10/17/2012       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115464         SPARKS                             One to Four Family     180              65,700.00          613.30
                  331  WEST 109TH PLACE              Owner Occupied          90.00           65,675.26          10.750
                  CHICAGO, IL 60628                  First                  10/15/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115465         THOMAS                             One to Four Family     180              75,750.00          778.59
                  22061  FOX RIDGE ROAD              Owner Occupied          75.00           75,728.28          11.990
                  LEXINGTON PARK, MD 20653           First                  10/14/2012      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115466         VANDLEN JR                         One to Four Family     180              40,000.00          494.31
                  25399  COLUMBIA BAY                Owner Occupied          17.39           39,924.02          12.550
                  LAKE VILLA, IL 60046               Second                 10/06/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115467         WATSON                             One to Four Family     360              72,800.00          612.14
                  1048  SERRILL AVENUE               Owner Occupied          80.00           72,764.19           9.500
                  YEADON, PA 19050                   First                  10/15/2027       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115469         WIDA                               One to Four Family     180              34,200.00          383.36
                  128  WEST CHERRY                   Owner Occupied          90.00           34,123.01          10.750
                  MOUNT CARMEL, PA 17851             First                  10/17/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  147     Page Balance:   $522,970.88    Generated By: Dmenegus
<PAGE>   150
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115470         WOODS                              One to Four Family     180              72,000.00          699.31
                  4402  41ST STREET                  Owner Occupied          80.00           71,975.69          11.250
                  BRENTWOOD, MD 20722                First                  10/14/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115471         ZALEWSKI                           One to Four Family     240              50,000.00          504.24
                  1119  OLIVE STREET                 Owner Occupied          37.04           49,939.51          10.650
                  COATESVILLE, PA 19320              Second                 10/16/2017      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115472         OWENS                              One to Four Family     180              32,000.00          323.01
                  3672  ASH STREET                   Owner Occupied          80.00           31,990.32          11.750
                  BALTIMORE, MD 21211                First                  10/16/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115689         HARRINGTON                         One to Four Family     180              28,000.00          309.52
                  3741  LANDMARK DR                  Owner Occupied          14.36           28,000.00          10.500
                  DOUGLASVILLE, GA 30135             Second                 11/18/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115705         NIZIAK                             One to Four Family     180              56,000.00          483.19
                  45  BENEFIT STREET                 Owner Occupied          42.75           56,000.00           9.800
                  METHUEN, MA 01844                  Second                 11/07/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115710         RITTER                             One to Four Family     180              39,000.00          487.05
                  622  OLD BALTIMORE ROAD            Owner Occupied          29.55           39,000.00          12.750
                  WESTMINSTER, MD 21157              Second                 11/17/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115712         ROCKWELL                           One to Four Family     180              76,970.00          923.28
                  13  10 HOPPER AVENUE               Owner Occupied          33.98           76,970.00          11.990
                  FAIR LAWN, NJ 07410                Second                 11/18/2012      226,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115726         WALL                               One to Four Family     180              50,000.00          537.00
                  36  UDINE ST                       Owner Occupied          24.75           50,000.00           9.990
                  ARLINGTON, MA 02174                Second                 11/10/2012      202,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115727         WINTERHALDER                       One to Four Family     180              21,700.00          253.50
                  18  BOXBERRY AVE FKA               Owner Occupied          18.24           21,700.00          11.500
                  TISBURY, MA 02568                  Second                 11/03/2012      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115731         DELL SR                            One to Four Family     180              90,000.00          925.75
                  D 3 BOX 115 DUFF HOL               Owner Occupied          62.07           89,974.25          12.000
                  FELTON, PA 17322                   First                  10/29/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115738         MURPHY                             One to Four Family     180              54,500.00          653.74
                  967  ARNETT BLVD                   Owner Occupied          77.86           54,500.00          11.990
                  ROCHESTER, NY 14619                First                  11/04/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115739         STOUTENGER                         One to Four Family     240              15,050.00          163.09
                  1047  RT 176                       Owner Occupied          13.81           15,034.27          11.750
                  FULTON, NY 13069                   Second                 10/21/2017      109,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  148     Page Balance:   $585,084.04    Generated By: Dmenegus
<PAGE>   151
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115741         ACOSTA JR                          One to Four Family     180              26,600.00          286.99
                  120  NW 87 AVE #F103               Owner Occupied          41.56           26,593.42          12.650
                  MIAMI, FL 33172                    Second                 11/01/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115753         ROMANO JR                          One to Four Family     360              58,000.00          619.00
                  248  CROSSFIELD ROAD               Owner Occupied          68.24           58,000.00          12.500
                  ROCHESTER, NY 14609                First                  11/05/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115754         SCHNEIDER                          One to Four Family     240              27,000.00          269.56
                  355  PHILADELPHIA AVE              Owner Occupied          13.85           26,966.69          10.500
                  MASSAPEQUA PARK, NY 11762          Second                 10/21/2017      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115755         VICTOR                             One to Four Family     360             112,000.00        1,199.68
                  270  LOTT AVE                      Owner Occupied          80.00          112,000.00          12.550
                  BROOKLYN, NY 11212                 First                  11/07/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115773         BELENSKI                           One to Four Family     180              27,000.00          323.88
                  476  10TH AVENUE                   Owner Occupied          38.57           27,000.00          11.990
                  PATERSON, NJ 07514                 First                  11/03/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115788         JACOBS                             One to Four Family     180              50,000.00          595.27
                  2498  PALM DEER DRIVE              Owner Occupied          21.28           49,159.68          11.850
                  LOXAHATCHEE, FL 33470              Second                 04/01/2012      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115796         PALER                              One to Four Family     240              40,000.00          447.43
                  200  PARK STREET                   Owner Occupied          11.94           39,960.90          12.250
                  HAWORTH, NJ 07641                  Second                 10/27/2017      335,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115805         VARONE                             One to Four Family     360              96,000.00          824.79
                  87  MARLBORO STREET                Owner Occupied          80.00           96,000.00           9.750
                  CHELSEA, MA 02150                  First                  11/06/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7060169         JEFFIRES                           One to Four Family     180              35,200.00          331.24
                  1461  SOUTH THIRTEENTH STR         Owner Occupied          80.00           35,200.00          10.850
                  HARRISBURG, PA 17104               First                  11/24/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100859         HAMOCK                             One to Four Family     180              74,400.00          595.44
                  2785  KNOLLVIEW  DRIVE             Owner Occupied          80.00           74,400.00           8.940
                  DECATUR, GA 30034                  First                  11/24/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101081         PERKINS                            One to Four Family     180              24,000.00          259.38
                  5229  PENNSGROVE STREET            Owner Occupied          63.16           24,000.00          10.100
                  PHILADELPHIA, PA 19131             First                  11/26/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101367         RACHUBA JR                         One to Four Family     180              30,000.00          315.99
                  442  EAST BUTTERFLY CIRCL          Owner Occupied          42.86           30,000.00           9.650
                  GRETNA, LA 70056                   Second                 11/25/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  149     Page Balance:   $599,280.69    Generated By: Dmenegus
<PAGE>   152
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FB7110066         RASBOLD                            One to Four Family     360             108,000.00          904.19
                  169  NORTH MAIN STREET             Owner Occupied          75.52          108,000.00           9.450
                  CHALFONT, PA 18914                 First                  11/25/2027      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110132         WILLIS                             One to Four Family     180              60,400.00          671.42
                  1213  EGRET POINT                  Owner Occupied          22.97           60,400.00          10.600
                  VIRGINIA BEACH, VA 23454           Second                 11/24/2012      263,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110300         MORGAN                             One to Four Family     360             116,000.00          908.44
                  24501  MOUNT PLEASANT ROAD         Owner Occupied          80.00          116,000.00           8.700
                  HOLLYWOOD, MD 20636                First                  12/01/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110531         BERNARD                            One to Four Family     180              93,600.00          938.25
                  1188  PRAIRIE HIGHWAY              Owner Occupied          80.00           93,600.00           8.800
                  SAINT MARTINVILLE, LA 70582        First                  11/24/2012      117,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FB7110532         GILLS                              One to Four Family     180              95,200.00          950.03
                  2110  SHIRLEY AVENUE               Owner Occupied          80.00           95,200.00          11.600
                  BATON ROUGE, LA 70809              First                  11/24/2012      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110629         RAY                                One to Four Family     180              37,600.00          428.55
                  36  CENTER AVENUE, BOX 1           Owner Occupied          80.00           37,600.00          11.050
                  CLARKSVILLE, PA 15322              First                  11/25/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110710         HALL                               One to Four Family     240              62,150.00          593.19
                  7406  EAST ADKINS AVENUE           Owner Occupied          82.87           62,150.00           9.840
                  WILLARDS, MD 21874                 First                  11/26/2017       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7071092         MOORE                              One to Four Family     180             170,850.00        1,486.72
                  OT 1 OF BURFORD ESTA               Owner Occupied          85.00          170,850.00           9.900
                  VIRGINIA BEACH, VA 23462           First                  11/21/2012      201,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100117         NICKSON                            One to Four Family     180              57,350.00          557.01
                  2074  OAK PARK LANE                Owner Occupied          74.97           57,330.65          11.250
                  DECATUR, GA 30032                  First                  10/13/2012       76,500.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7100455         KEMP                               One to Four Family     180              19,500.00          227.20
                  2472  HELEN                        Owner Occupied          55.71           19,500.00          13.750
                  DETROIT, MI 48204                  First                  12/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100578         STROZIER                           One to Four Family     180              28,000.00          352.24
                  119  BELK ROAD                     Owner Occupied          74.67           27,948.53          12.890
                  NEWNAN, GA 30263                   First                  10/24/2012       37,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100989         RICHARDSON                         One to Four Family     240              43,000.00          422.10
                  6708  BLACKLOG STREET              Owner Occupied          53.75           43,000.00          10.250
                  CAPITOL HEIGHTS, MD 20743          First                  11/21/2017       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  150     Page Balance:   $891,579.18    Generated By: Dmenegus
<PAGE>   153
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7101107         JOHNSON                            One to Four Family     180              25,000.00          320.43
                  5536  NOME AVENUE                  Owner Occupied          44.64           25,000.00          13.250
                  BALTIMORE, MD 21215                First                  11/24/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101177         HORTON                             One to Four Family     240              42,000.00          391.49
                  1688  FT. DUPONT STREET, S         Owner Occupied          42.00           42,000.00           9.500
                  WASHINGTON, DC 20032               First                  12/04/2017      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101262         BUTLER SR                          One to Four Family     360              80,750.00          699.70
                  2335  15TH STREET, NORTH-E         Owner Occupied          85.00           80,750.00           9.850
                  WASHINGTON, DC 20018               First                  11/19/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101403         PARSONS                            One to Four Family     360              41,000.00          356.77
                  3349  18TH STREET, NW,             Owner Occupied          37.27           41,000.00           9.900
                  WASHINGTON, DC 20010               First                  11/24/2027      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101407         SAUNDERS                           One to Four Family     240              56,950.00          587.44
                  7013  SHORT LANE                   Owner Occupied          85.00           56,950.00          10.990
                  GLOUCESTER, VA 23061               First                  11/25/2017       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106725         WEICKSEL                           One to Four Family      60              48,000.00          491.89
                  310  EAST FULTON STREET            Owner Occupied          80.00           47,986.11          11.950
                  LANCASTER, PA 17601                First                  10/10/2002       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110212         RINEHART                           One to Four Family     120              71,000.00          899.02
                  1523  41 STREET, SOUTH-EAS         Owner Occupied          70.30           71,000.00           8.990
                  WASHINGTON, DC 20020               First                  11/21/2007      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110907         WILLIAMS                           One to Four Family     180              38,400.00          442.86
                  954  10TH STREET                   Owner Occupied          80.00           38,400.00          13.600
                  BELOIT, WI 53511                   First                  11/17/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110983         BARTON                             One to Four Family     360              37,600.00          376.66
                  7322  PENNSYLVANIA                 Owner Occupied          80.00           37,600.00          11.650
                  SAINT LOUIS, MO 63111              First                  12/01/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115280         FIELDS                             One to Four Family     240              49,900.00          502.39
                  95  MAY STREET                     Owner Occupied          39.92           49,847.91          10.630
                  BRUNSWICK, NJ 08901                Second                 10/06/2017      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115288         DESOTTO                            One to Four Family     180              39,000.00          458.70
                  8  10 HARRISON DRIVE               Owner Occupied          21.79           38,919.28          11.630
                  FAIR LAWN, NJ 07410                Second                 10/17/2012      179,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115296         HOFFMAN                            One to Four Family     180              35,700.00          397.40
                  3407  BAYWOOD DRIVE                Owner Occupied          21.51           35,618.84          10.630
                  FOREST HILL, MD 21050              Second                 10/22/2012      166,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  151     Page Balance:   $565,072.14    Generated By: Dmenegus
<PAGE>   154
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115300         KING                               One to Four Family     180              33,500.00          380.55
                  216  BRACH 40TH STREET             Owner Occupied          26.80           33,426.25          10.990
                  FAR ROCKAWAY, NY 11412             Second                 10/22/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115309         SCHNOOR                            One to Four Family     180              27,000.00          352.79
                  152  PARK AVENUE                   Owner Occupied          11.02           26,969.73          13.630
                  PARK RIDGE, NJ 07656               Second                 10/06/2012      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115311         SNYDER                             One to Four Family     360              66,000.00          723.65
                  221  BAYARD STREET                 Owner Occupied          77.65           65,984.75          12.880
                  RED LION HUNDRED, DE 19706         First                  10/17/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115320         GOLDING                            One to Four Family     180              27,000.00          296.37
                  125  SPRAGUE AVENUE                Owner Occupied          10.80           26,887.82          10.380
                  STATEN ISLAND, NY 10307            Second                 10/17/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115361         KNOERLEIN                          One to Four Family     180              29,000.00          313.86
                  116  NORTH BELNORD AVENUE          Owner Occupied          79.38           28,930.95          10.130
                  BALTIMORE, MD 21224                First                  10/27/2012       36,534.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115647         WEBSTER                            One to Four Family     360              15,500.00          159.43
                  112  TOBIAS STREET                 Owner Occupied          50.00           15,455.57          12.000
                  FLINT, MI 48503                    First                  11/01/2027       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115771         ACY                                One to Four Family     360              72,000.00          793.65
                  OUTE 1, BOX 212 A                  Owner Occupied          76.19           72,000.00          12.950
                  COILA, MS 38923                    First                  11/03/2027       94,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115775         BOOKMAN                            One to Four Family     240              27,400.00          340.52
                  359  SOUTH 8TH STREET              Owner Occupied          48.93           27,400.00          13.900
                  NEWARK, NJ 07103                   First                  11/08/2017       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115776         BRADSHER                           One to Four Family     180              44,800.00          514.91
                  1943  MAJOR HILL ROAD              Owner Occupied          70.00           44,800.00          13.550
                  GRAHAM, NC 27253                   First                  11/13/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115777         CALLAHAN                           One to Four Family     180              84,750.00        1,047.33
                  635  EAST WEBB AVENUE              Owner Occupied          75.00           84,750.00          12.550
                  BURLINGTON, NC 21217               First                  11/04/2012      113,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115778         CAMPBELL                           One to Four Family     360              71,250.00          776.49
                  4421  OAK HILL TERRACE             Owner Occupied          75.00           70,648.28          12.790
                  MARIETTA, GA 30066                 First                  09/30/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115780         CRAWFORD                           One to Four Family     240              45,500.00          532.74
                  711  EAST 55TH STREET              Owner Occupied          65.94           45,459.80          12.990
                  SAVANNAH, GA 31404                 First                  11/01/2017       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  152     Page Balance:   $542,713.15    Generated By: Dmenegus
<PAGE>   155
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115781         DEBRINE                            One to Four Family     240              46,400.00          494.83
                  2987  FERGUSON CORNERS ROA         Owner Occupied          80.00           46,349.84          11.500
                  PENN YAN, NY 14527                 First                  10/30/2017       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115783         GARFIELD                           One to Four Family     240              33,500.00          323.07
                  8810  REDDY HOLLOW ROAD            Owner Occupied          59.82           33,500.00           9.990
                  ARKPORT, NY 14807                  First                  11/05/2017       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115784         GLESNER                            One to Four Family     360              70,000.00          613.79
                  5129  LEROY DRIVE                  Owner Occupied          57.61           70,000.00           9.990
                  GIBSONIA, PA 15044                 First                  11/05/2027      121,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115785         HARDIN                             One to Four Family     180              28,000.00          368.95
                  6554  NORTH UBER STREET            Owner Occupied          80.00           28,000.00          13.790
                  PHILADELPHIA, PA 19138             First                  11/04/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115789         JONES                              One to Four Family     360              39,000.00          459.02
                  48  LANSING STREET                 Owner Occupied          75.00           39,000.00          13.900
                  AUBURN, NY 13021                   First                  11/05/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115790         KLEPPICK                           One to Four Family     240              36,550.00          381.01
                  12370  REED AVENUE                 Owner Occupied          85.00           36,508.60          11.150
                  CONNEAUT, PA 16316                 First                  10/29/2017       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115793         MARCHIONE                          One to Four Family     180              24,000.00          272.49
                  380  CENTER STREET                 Owner Occupied          10.67           24,000.00          10.980
                  MANTUA, NJ 08080                   Second                 11/03/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115794         MARTIN SR                          One to Four Family     360              52,000.00          556.99
                  4439  WEEMS ROAD                   Owner Occupied          65.00           51,986.84          12.550
                  COLUMBUS, GA 31904                 First                  10/29/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115797         NUTTER                             One to Four Family     180              38,250.00          338.51
                  2201  CECIL AVENUE                 Owner Occupied          85.00           38,250.00          10.100
                  BALTIMORE, MD 21218                First                  11/07/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115799         RYBLEWSKI                          One to Four Family     360              27,000.00          273.37
                  309  FOURTH STREET                 Owner Occupied          60.00           26,991.91          11.790
                  JERSEY CITY, NJ 07302              First                  10/27/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115803         TROXELL                            One to Four Family     180              56,000.00          554.57
                  507  REEDER STREET                 Owner Occupied          79.43           56,000.00          11.500
                  EASTON, PA 18042                   First                  11/04/2012       70,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115804         VARMA                              One to Four Family     360             180,000.00        1,660.01
                  325  FARNHAM AVENUE                Owner Occupied         200.00          180,000.00          10.600
                  LODI, NJ 07644                     First                  11/05/2027       22,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  153     Page Balance:   $630,587.19    Generated By: Dmenegus
<PAGE>   156
================================================================================
                                   PAINEWEBBER
                              LOAN SCHEDULE REPORT
                              IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                                                                                        
                                                       Property               Org Term     Orig Bal       Curr P&I      
                                                       Occupancy Type         LTV          Curr Bal       Curr Rate     
 Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
 ----------------------------------------------------------------------------------------------------------------------
<S>                <C>                                <C>                    <C>             <C>                 <C>    
 FC7115806         ZWOLENSKI                          One to Four Family     240              37,000.00          394.58 
                   46  FAIRMOUNT AVENUE               Owner Occupied          42.05           37,000.00          11.500 
                   PAWTUCKET, RI 02860                First                  11/05/2017       88,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 FC7116303         KORANTENG                          One to Four Family     180              44,600.00          503.43 
                   109  VAN CORTLANDT AVENUE          Owner Occupied          20.74           44,500.94          10.880 
                   BRONX, NY 10463                    Second                 10/15/2012      215,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 CB7100074         HOLLINS                            One to Four Family     240              15,000.00          170.85
                   3117  WARSAW STREET                Owner Occupied          55.56           15,000.00          12.540 
                   FT. WAYNE, IN 46806                First                  11/30/2017       27,000.00
 ----------------------------------------------------------------------------------------------------------------------
 CB7100200         BRITT                              One to Four Family     360              32,000.00          308.38 
                   6125  OLD PARIS ROAD               Owner Occupied          74.42           32,000.00          11.150 
                   WEST TERRE HAUTE, IN 47885         First                  11/30/2027       43,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 CB7100291         CORDIAL                            One to Four Family     180              80,000.00          810.60 
                   715  KANAWHA AVE.                  Owner Occupied          80.00           80,000.00          11.800 
                   RAINELLE, WV 25962                 First                  11/30/2012      100,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7072880         AARON                              One to Four Family     180              12,500.00          186.21 
                   1446  LINTON                       Owner Occupied          41.67           12,083.31          16.300 
                   ST. LOUIS, MO 63105                Second                 09/27/2011       30,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7072896         COX                                One to Four Family     360              24,000.00          273.96 
                   312  MOHAWK DRIVE                  Owner Occupied          50.00           23,839.24          13.450 
                   ANDERSON, IN 46012                 First                  10/30/2026       48,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7072938         SPRIGGINS                          One to Four Family     360              68,800.00          742.30
                   511  WEST 125TH AVENUE             Owner Occupied          80.00           68,600.08          12.650 
                   CHICAGO, IL 60628                  First                  01/08/2027       86,000.00
 ----------------------------------------------------------------------------------------------------------------------
 TC7090738         GOERINGER                          One to Four Family     360              37,100.00          322.16 
                   426  SOUTH MAIN STREET             Owner Occupied          70.00           37,008.33           9.880 
                   MANHEIM, PA 17545                  First                  07/01/2027       60,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7090739         GOERINGER                          One to Four Family     360              37,100.00          322.16 
                   428  SOUTH MAIN STREET             Owner Occupied          70.00           37,008.33           9.880 
                   MANHEIM, PA 17545                  First                  07/01/2027       60,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7090740         GOERINGER                          One to Four Family     360              37,100.00          322.16 
                   416  SOUTH MAIN STREET             Owner Occupied          70.00           37,008.33           9.880 
                   MANHEIM, PA 17545                  First                  07/01/2027       60,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
 TC7090771         GOERINGER                          One to Four Family     360              37,100.00          322.16 
                   436  SOUTH MAIN STREET             Owner Occupied          70.00           37,032.04           9.880 
                   MANHEIM, PA 17545                  First                  07/01/2027       60,000.00                 
 ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                   154    Page Balance:   $461,080.60    Generated By: Dmenegus
<PAGE>   157
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7091466         DEAN                               One to Four Family     180              20,000.00          231.06
                  8038  PASADENA AVE.                Owner Occupied          50.00           19,983.99          13.630
                  FERNDALE, MI 48220                 First                  08/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093659         ANDERSON                           One to Four Family     360              94,000.00          807.61
                  1703  UPPER COURT                  Owner Occupied          80.00           93,777.13           9.750
                  PALMDALE, CA 93550                 First                  07/01/2027      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093661         ASKEW                              One to Four Family     180              39,000.00          423.82
                  14605  S VINCENNES                 Owner Occupied          60.00           38,961.61          12.750
                  HARVEY, IL 60426                   First                  08/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093662         AUTREY                             One to Four Family     180              28,000.00          266.66
                  12012  ROBSON                      Owner Occupied          70.00           27,959.48          11.000
                  DETROIT, MI 48227                  First                  08/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093669         BONNER-FRANKLIN                    One to Four Family     180              93,750.00          955.32
                  16741  ROSEMONT                    Owner Occupied          75.00           93,638.79          11.880
                  DETROIT, MI 48219                  First                  08/01/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093670         BOURNES                            One to Four Family     180              45,000.00          506.60
                  1021  GOTT                         Owner Occupied          44.12           44,931.20          13.250
                  ANN ARBOR, MI 48103                First                  08/01/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093671         BRADSHAW                           One to Four Family     180              28,250.00          343.60
                  14892  SORRENTO                    Owner Occupied          50.00           27,968.24          12.250
                  DETROIT, MI 48227                  First                  07/01/2012       56,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093672         BROWN                              One to Four Family     180             112,500.00          945.97
                  1412  HUNTER PLACE                 Owner Occupied          90.00          111,961.79           9.500
                  COLUMBUS, IN 47203                 First                  08/01/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093673         BURCH                              One to Four Family     180              21,000.00          238.48
                  17505  MITCHELL                    Owner Occupied          50.00           20,977.58          13.380
                  DETROIT, MI 48212                  First                  07/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093674         BURKS                              One to Four Family     180              21,000.00          240.54
                  20007  MONTE VISTA                 Owner Occupied          60.00           20,979.55          13.500
                  DETROIT, MI 48221                  First                  08/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093676         CALVERT                            One to Four Family     180              33,600.00          313.65
                  1015  25TH ST                      Owner Occupied          80.00           33,535.61          10.750
                  NEW CASTLE, IN 47362               First                  07/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093677         CAMPBELL-JONES                     One to Four Family     360              26,550.00          270.54
                  19423  GREELEY WEST                Owner Occupied          90.00           26,482.68          11.880
                  DETROIT, MI 48203                  First                  07/01/2027       29,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  155     Page Balance:   $561,157.65    Generated By: Dmenegus
<PAGE>   158
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7093679         CANTWELL                           One to Four Family     180              39,000.00          462.10
                  10651  BRUSH RD                    Owner Occupied          65.00           38,971.10          14.000
                  MONTGOMERY, MI 49255               First                  08/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093681         CLARK                              One to Four Family     180             109,350.00        1,103.79
                  1122  MERRILL ST                   Owner Occupied          90.00          109,215.76          11.750
                  HAMMOND, IN 46320                  First                  08/01/2012      121,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093684         COCHRAN                            One to Four Family     180              48,000.00          535.67
                  3445  ARLINGTON                    Owner Occupied          80.00           47,945.87          13.130
                  INDIANAPOLIS, IN 46218             First                  07/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093686         CRAWFORD                           One to Four Family     180              40,100.00          500.79
                  387  37TH STREET                   Owner Occupied          50.13           39,796.31          12.750
                  RICHMOND, CA 94804                 First                  08/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093690         DALE                               One to Four Family     180             136,800.00        1,302.78
                  3321  WEDGEWOOD                    Owner Occupied          80.00          136,602.18          11.000
                  KALAMAZOO, MI 49002                First                  08/01/2012      171,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093694         ELLISON JR.                        One to Four Family     360             121,500.00        1,077.49
                  277  CLARK ST                      Owner Occupied          90.00          121,289.02          10.130
                  HILLSIDE, NJ 07205                 First                  08/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093696         EVANS                              One to Four Family     180              13,500.00          174.16
                  15433  TRINITY                     Owner Occupied          50.00           13,402.03          13.380
                  DETROIT, MI 48204                  First                  08/01/2012       27,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093697         FERGUSON                           One to Four Family     180              20,800.00          184.46
                  9115  CRANE                        Owner Occupied          80.00           20,763.87          10.130
                  DETROIT, MI 48213                  First                  08/01/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093701         FRANKLIN                           One to Four Family     360              68,000.00          679.90
                  23309  STROMP CT                   Owner Occupied          80.00           67,892.76          11.630
                  BROWNSTOWN TWP, MI 48192           First                  07/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093702         FREEMAN                            One to Four Family     360              66,000.00          659.89
                  4088  50 WEST                      Owner Occupied          80.00           65,917.30          11.630
                  ANDERSON, IN 46013                 First                  08/01/2027       83,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093705         GIBBS                              One to Four Family     360              20,000.00          227.12
                  6513  VALORIE LN                   Owner Occupied          50.00           19,983.07          13.380
                  FLINT, MI 48504                    First                  07/01/2027       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093707         GIUSTI                             One to Four Family     180              59,500.00          646.59
                  27  POMONA BLVD                    Owner Occupied          70.00           59,441.46          12.750
                  KEYPORT, NJ 07735                  First                  08/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  156     Page Balance:   $741,220.73    Generated By: Dmenegus
<PAGE>   159
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7093711         GREEN                              One to Four Family     180              20,000.00          238.96
                  14567  TULLER                      Owner Occupied          57.14           16,390.83          14.130
                  DETROIT, MI 48238                  First                  08/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093713         HAGGINS III                        One to Four Family     180              61,900.00          739.57
                  14410  PARK                        Owner Occupied          64.48           61,843.92          14.130
                  OAK PARK, MI 48237                 First                  07/01/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093719         HAYSE                              One to Four Family     180              20,300.00          244.56
                  4200  BUBBLING OVER DR             Owner Occupied          70.00           20,282.09          14.250
                  LOUISVILLE, KY 40216               First                  07/01/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093720         HAYS-THOMAS                        One to Four Family     180              81,000.00          740.94
                  4761  BUCHANAN ST                  Owner Occupied          90.00           80,869.54          10.500
                  GARY, IN 46408                     First                  08/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093722         HENDERSON                          One to Four Family     180              25,000.00          284.15
                  13969  PENROD                      Owner Occupied          35.71           24,719.99          11.000
                  DETROIT, MI 48223                  First                  07/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093726         HERNANDEZ                          One to Four Family     180              18,525.00          208.55
                  617  WALNUT                        Owner Occupied          65.00           18,508.72          13.250
                  SOUTH BEND, IN 46628               First                  08/01/2012       28,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093730         HOMAN                              One to Four Family     360             144,928.00        1,504.70
                  8137  WESTSIDE ST                  Owner Occupied          80.00          144,764.85          12.130
                  LITTLETON, CO 80125                First                  08/01/2027      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093731         HUDSON                             One to Four Family     180              29,900.00          372.10
                  5050  GREENWAY                     Owner Occupied          65.00           29,881.34          14.750
                  DETROIT, MI 48204                  First                  08/01/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093739         KENDRICK                           One to Four Family     180              14,625.00          185.04
                  2563  VAN DYKE                     Owner Occupied          65.00           14,489.08          13.000
                  DETROIT, MI 48214                  First                  07/01/2012       22,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093745         LENEAR                             One to Four Family     180              51,920.00          623.13
                  19541  WESTPHALIA                  Owner Occupied          80.00           51,389.85          12.000
                  DETROIT, MI 48205                  First                  07/01/2012       64,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093750         MCPHAUL JR                         One to Four Family     180              36,000.00          342.84
                  13377  MARLOWE                     Owner Occupied          75.00           35,806.73          11.000
                  DETROIT, MI 48227                  First                  07/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093751         MEADE                              One to Four Family     360             156,800.00        1,191.79
                  4604  BUCKHORN RIDGE               Owner Occupied          80.00          156,407.38           8.380
                  FAIRFAX, VA 22030                  First                  08/01/2027      198,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  157     Page Balance:   $655,354.32    Generated By: Dmenegus
<PAGE>   160
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7093756         MINTER                             One to Four Family     180              28,700.00          309.09
                  4375  E 34TH ST                    Owner Occupied          70.00           28,671.22          12.630
                  INDIANAPOLIS, IN 46218             First                  08/01/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093758         MOLINA                             One to Four Family     360              42,702.00          439.24
                  13677  EAST PARLIER AVENUE         Owner Occupied          56.19           42,626.03          12.000
                  PARLIER, CA 93648                  First                  06/01/2027       76,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7093759         MOORE                              One to Four Family     180              37,500.00          389.35
                  332  MARTINDALE COURT              Owner Occupied          75.00           37,436.06          12.130
                  MARINE CITY, MI 48039              First                  08/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093762         MORRILL                            One to Four Family     180              38,500.00          345.00
                  1312  MANISTEE                     Owner Occupied          57.46           38,434.58          10.250
                  MANISTEE, MI 49660                 First                  08/01/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093765         NEAL                               One to Four Family     180              94,250.00        1,229.51
                  13125  221ST STREET                Owner Occupied          65.00           94,162.29          15.500
                  LAURELTON, NY 11413                First                  07/01/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093766         NELSON                             One to Four Family     180              63,000.00          576.29
                  3985  BALFOUR                      Owner Occupied          47.73           62,747.85          10.500
                  DETROIT, MI 48224                  First                  08/01/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093774         PETTY                              One to Four Family     180              52,200.00          482.38
                  702  BROAD ST                      Owner Occupied          90.00           52,097.68          10.630
                  NEW CASTLE, IN 47362               First                  07/01/2012       58,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7093777         PRATER                             One to Four Family     180              51,000.00          599.84
                  12012  PARKHILL AVE                Owner Occupied          85.00           50,461.14          11.630
                  CLEVELAND, OH 44120                First                  07/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093778         REDDING                            One to Four Family     360              20,000.00          238.96
                  18411  PRAIRIE                     Owner Occupied          28.57           19,858.21          14.130
                  DETROIT, MI 48221                  First                  07/01/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093780         ROBINSON                           One to Four Family     360             112,000.00          972.55
                  1  LONE OAK RD                     Owner Occupied          80.00          111,742.31           9.880
                  MIDDLETOWN, NJ 07748               First                  07/01/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093781         ROBINSON                           One to Four Family     180              19,825.00          232.95
                  3056  LAKEVIEW                     Owner Occupied          65.00           19,806.11          13.880
                  DETROIT, MI 48215                  First                  07/01/2012       30,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093784         ROOME                              One to Four Family     180              25,875.00          283.71
                  2705  NORTH INDIANAPOLIS A         Owner Occupied          75.00           25,850.45          12.880
                  INDIANAPOLIS, IN 46208             First                  08/01/2012       34,500.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  158     Page Balance:   $583,893.93    Generated By: Dmenegus
<PAGE>   161
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7093785         ROWE                               One to Four Family     360             133,200.00        1,319.07
                  385  36TH STREET                   Owner Occupied          90.00          133,027.25          11.500
                  PATERSON, NJ 07504                 First                  08/01/2027      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093786         RUTT JR                            One to Four Family     360              79,200.00          687.73
                  120  MEASOW RD                     Owner Occupied          80.00           79,054.95           9.880
                  HAMPTON TWP, NJ 07860              First                  08/01/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093787         SKINNER                            One to Four Family     180              29,400.00          365.88
                  6232  PALMETTO                     Owner Occupied          70.00           29,381.65          14.750
                  MOUNT MORRIS, MI 48458             First                  08/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093789         SLOAN                              One to Four Family     180              15,000.00          163.01
                  3629  MELDRUM                      Owner Occupied          57.69           14,985.24          12.750
                  DETROIT, MI 48207                  First                  07/01/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093797         STOCKER                            One to Four Family     180              19,600.00          247.99
                  2039  FLAMINGO                     Owner Occupied          70.00           19,417.81          13.000
                  MOUNT MORRIS, MI 48458             First                  07/01/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093803         THARP                              One to Four Family     180              35,000.00          360.02
                  618  NORTH CHESTER                 Owner Occupied          70.00           34,930.53          12.000
                  INDIANAPOLIS, IN 46201             First                  07/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093804         THARP                              One to Four Family     180              45,500.00          468.02
                  2002  NORTH WALLLACE               Owner Occupied          70.00           45,433.59          12.000
                  INDIANAPOLIS, IN 46218             First                  07/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093807         TRAVERS                            One to Four Family     180              40,000.00          485.84
                  147  BLANDING AVE                  Owner Occupied          57.14           39,973.17          14.380
                  EAST PROVIDENCE, RI 02914          First                  08/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093808         TUCKER                             One to Four Family     180              40,000.00          451.50
                  1711  13TH ST                      Owner Occupied          80.00           39,639.29          10.880
                  ASHTABULA, OH 44004                First                  08/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093809         WALKER                             One to Four Family     180              24,500.00          309.79
                  555  SOUTH PADDOCK                 Owner Occupied          70.00           24,485.58          15.000
                  PONTIAC, MI 48341                  First                  08/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093811         WILKINS                            One to Four Family     180              24,700.00          341.48
                  941  BURLINGAME                    Owner Occupied          65.00           24,462.12          14.750
                  DETROIT, MI 48202                  First                  06/01/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093813         WILLIAMS                           One to Four Family     360              39,200.00          336.79
                  12244  SOUTH MAY                   Owner Occupied          80.00           39,125.94           9.750
                  CHICAGO, IL 60643                  First                  08/01/2027       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  159     Page Balance:   $523,917.12    Generated By: Dmenegus
<PAGE>   162
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7093816         ZINN                               One to Four Family     180              91,000.00        1,015.55
                  14050  KANE RD                     Owner Occupied          65.00           90,918.47          13.130
                  PLAINWELL, MI 49080                First                  08/01/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094016         ALVAREZ                            One to Four Family     180              46,400.00          441.53
                  2697  CRANBERRY HWY UNIT C         Owner Occupied          74.96           46,298.19          10.990
                  WAREHAM, MA 02571                  First                  06/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094021         ANDRUS                             One to Four Family     240              42,000.00          419.32
                  101  LOGAN AVENUE                  Owner Occupied          71.19           41,789.99          10.500
                  CASTANEA, PA 17726                 First                  07/07/2017       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094047         BEDARD                             One to Four Family     360              93,100.00          956.92
                  70  YOUNGLOVE AVENUE               Owner Occupied          70.00           92,963.83          11.990
                  COHOES, NY 12047                   First                  05/13/2027      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094050         BELL                               One to Four Family     180              70,000.00          613.78
                  3  5 HOWARD AVENUE                 Owner Occupied          67.31           69,842.24           9.990
                  ATTLEBORO, MA 02703                First                  06/06/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094057         BERNARD                            One to Four Family     360              50,000.00          476.17
                  2125  SAUK STREET                  Owner Occupied          80.00           49,831.92          11.000
                  FRIENDSHIP, WI 53934               First                  06/01/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094060         BEVILACQUA                         One to Four Family     180             110,000.00        1,046.72
                  16  PARKHURST DRIVE                Owner Occupied          62.86          109,758.72          10.990
                  LAKEVILLE, MA 02347                First                  05/12/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094065         BILLINGS                           One to Four Family     360              36,050.00          343.04
                  1373  1ST STREET                   Owner Occupied          70.00           35,970.92          10.990
                  BELLE GLADE, FL 33430              First                  05/27/2027       51,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094073         BODNAR                             One to Four Family     180              48,000.00          493.36
                  3000  DERRY TERRACE                Owner Occupied          54.55           47,900.73          11.990
                  PHILADELPHIA, PA 19154             First                  06/02/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094080         BOWERS                             One to Four Family     180              36,300.00          318.29
                  622  FOREST LAKE ROAD              Owner Occupied          55.42           36,234.82           9.990
                  WHITEFIELD, NH 03598               First                  07/08/2012       65,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094086         BRAUNGARDT                         One to Four Family     180              26,800.00          321.47
                  37731  27TH PLACE SOUTH            Owner Occupied          17.63           26,469.69          11.990
                  FEDERAL WAY, WA 98003              Second                 06/01/2012      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094093         BRINSON                            One to Four Family     360             160,000.00        1,374.65
                  251  SOMERSTON ROAD                Owner Occupied          72.73          159,697.74           9.750
                  YORKTOWN HEIGHTS, NY 10598         First                  06/09/2027      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  160     Page Balance:   $807,677.26    Generated By: Dmenegus
<PAGE>   163
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>

                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094096         BROWN                              One to Four Family     180              39,000.00          362.60
                  1123  TIBBETTS AVENUE              Owner Occupied          75.00           38,889.91          10.700
                  SPRINGFIELD, OH 45505              First                  05/29/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094099         BROWN                              One to Four Family     360             116,000.00          996.62
                  369  ELTON STREET                  Owner Occupied          64.44          115,724.97           9.750
                  BROOKLYN, NY 11208                 First                  06/13/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094104         BUCHANAN                           One to Four Family     240              19,580.00          212.19
                  3429  PAYTON AVENUE                Owner Occupied          36.26           19,156.17          11.750
                  INDIANAPOLIS, IN 46226             First                  06/23/2017       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094111         BURGESS                            One to Four Family     180              26,000.00          295.35
                  2280  SOUTH MODENA CIRCLE          Owner Occupied          15.85           25,648.64          10.990
                  ST. GEORGE, UT 84790               Second                 05/19/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094112         BURKE                              One to Four Family     240              32,500.00          335.24
                  105  4TH AVE UNIT 4E               Owner Occupied          65.00           32,303.71          10.990
                  BROOKLYN, NY 11217                 First                  06/09/2017       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094117         BURTS                              One to Four Family     180             153,600.00        1,234.79
                  1889  BILLINGSLEY TERRACE          Owner Occupied          66.78          153,081.22           8.990
                  BRONX, NY 10453                    First                  06/02/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094124         CAHOUN                             One to Four Family     360              39,000.00          331.50
                  420  ELBERTA AVENUE                Owner Occupied          41.94           38,846.56           9.630
                  CASHMERE, WA 98815                 First                  04/01/2027       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094127         CALLAWAY                           One to Four Family     180             172,500.00        1,852.64
                  34  CALIFORNIA AVENUE              Owner Occupied          75.00          169,767.47           9.990
                  HEMPSTEAD, NY 11550                First                  07/01/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094132         CANO-DELCARP                       One to Four Family     360              43,400.00          380.55
                  1404  COMMONWEALTH AVE BLD         Owner Occupied          70.00           37,907.49           9.990
                  ALLSTON, MA 02134                  First                  06/12/2027       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094133         CAPERS                             One to Four Family     180             120,000.00        1,516.37
                  310  E 169TH STREET                Owner Occupied          60.00          119,929.20          14.990
                  BRONX, NY 10456                    First                  06/25/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094138         CARTER                             One to Four Family     120              20,000.00          269.87
                  1757  E. CANTRELL                  Owner Occupied          60.61           19,263.53          10.500
                  DECATUR, IL 62521                  First                  05/27/2007       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094140         CARVALHO                           One to Four Family     180             104,000.00          989.63
                  75  PLEASANT STREET                Owner Occupied          80.00          103,771.86          10.990
                  REVERE, MA 02151                   First                  05/16/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  161     Page Balance:   $874,290.73    Generated By: Dmenegus
<PAGE>   164
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094141         CASBEER                            One to Four Family     180             100,000.00          876.83
                  35816  N. 7TH STREET               Owner Occupied          80.00           99,774.63           9.990
                  PHOENIX, AZ 85027                  First                  06/10/2012      135,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094145         CERVELLI                           One to Four Family     240              60,000.00          639.44
                  256  CENTER STREET                 Owner Occupied          34.88           59,669.03          11.490
                  HANOVER, MA 02339                  First                  06/11/2017      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094146         CHANEY                             One to Four Family     360              45,000.00          399.08
                  16545  FENMORE                     Owner Occupied          64.29           44,901.76          10.130
                  DETROIT, MI 48235                  First                  07/01/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094149         CHARLES                            One to Four Family     360              62,250.00          581.09
                  28  BROOK STREET                   Owner Occupied          75.00           62,101.04          10.750
                  PATCHOBUS, NY 11772                First                  05/21/2027       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094150         CHEN                               One to Four Family     180              40,000.00          395.81
                  15  FAULKNER STREET                Owner Occupied          27.59           39,921.27          11.490
                  MALDEN, MA 02148                   Second                 05/05/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094155         CHRISTLE                           One to Four Family     180              35,000.00          333.05
                  T 1 BOX 201                        Owner Occupied          53.85           34,936.30          10.990
                  CLEWISTON, FL 33440                First                  06/16/2012       65,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094159         CIMA                               One to Four Family     180              90,000.00        1,079.57
                  44  EAST 12TH STREET STE           Owner Occupied          48.65           89,079.76          11.990
                  NEW YORK, NY 10003                 First                  06/03/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094161         COCKSHUTT                          One to Four Family     180              48,000.00          439.07
                  7612  NW 68TH AVE.                 Owner Occupied          80.00           47,902.94          10.500
                  TAMARAC, FL 33321                  First                  06/23/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094174         COOK                               One to Four Family     180              45,000.00          554.34
                  161  WAPPING ROAD                  Owner Occupied          33.58           44,465.28          12.490
                  KINGSTON, MA 02364                 First                  06/01/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094179         COPE                               One to Four Family     360              58,400.00          501.75
                  306  E. STATE STREET               Owner Occupied          80.00           58,186.41           9.750
                  ASHLEY, IN 46705                   First                  05/19/2027       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094185         COVIELLO                           One to Four Family     180              75,000.00          728.45
                  694  MASSACHUSETS AVENUE           Owner Occupied          65.22           74,870.99          11.250
                  BOSTON, MA 02118                   First                  06/13/2012      115,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094200         DALEY                              One to Four Family     360             189,000.00        1,799.89
                  479  E. 94TH STREET                Owner Occupied          70.00          188,556.80          11.000
                  BROOKLYN, NY 11212                 First                  06/02/2027      270,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  162     Page Balance:   $844,366.21    Generated By: Dmenegus
<PAGE>   165
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094213         DELEO                              One to Four Family     180              72,000.00          658.08
                  322  PRINCETON STREET              Owner Occupied          80.00           71,854.11          10.490
                  EAST BOSTON, MA 02128              First                  06/19/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094218         DESANTIS                           One to Four Family     360             125,000.00        1,039.69
                  33  E. 16TH STREET                 Owner Occupied          52.08          124,679.91           9.380
                  BROOKLYN, NY 11226                 First                  06/18/2027      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094219         DESJARLAIS                         One to Four Family     180              51,800.00          492.91
                  35  WALNUT STREET                  Owner Occupied          70.00           51,705.74          10.990
                  BROCKTON, MA 02401                 First                  06/11/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094223         DEUTSCH                            One to Four Family     180             131,250.00        1,200.60
                  62  MERCURY AVENUE                 Owner Occupied          75.00          131,038.60          10.500
                  E. PATCHOGUE, NY 11772             First                  05/27/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094229         DIXON                              One to Four Family     360             200,000.00        1,866.96
                  290  BLEEKER STREET A/K/A          Owner Occupied          80.00          199,616.73          10.750
                  BROOKLYN, NY 11237                 First                  07/01/2027      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094232         DOOMS                              One to Four Family     180              69,750.00          716.92
                  5432  SOUTH PARK                   Owner Occupied          75.00           69,643.86          11.990
                  TACOMA, WA 98387                   First                  06/11/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094250         ELERBY                             One to Four Family     360              37,000.00          334.32
                  3423  LIBERTY HEIGHTS AVEN         Owner Occupied          49.33           36,889.40          10.350
                  BALITIMORE, MD 21215               First                  05/21/2027       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094256         EPINO                              One to Four Family     360             126,000.00        1,176.19
                  40  PHILLIPS STREET, UNI           Owner Occupied         200.00          125,758.51          10.750
                  BOSTON, MA 02114                   First                  05/29/2027       18,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094269         FEIT                               One to Four Family     360             168,000.00        1,473.08
                  2164  N. CAPITAL AVENUE            Owner Occupied          80.00          167,384.60           9.990
                  INDIANAPOLIS, IN 46202             First                  06/24/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094270         FERGUSON                           One to Four Family     360              72,000.00          631.32
                  4249  DUBARRY ROAD                 Owner Occupied          88.89           71,870.72           9.990
                  INDIANAPOLIS, IN 46226             First                  07/09/2027       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094276         FITZPATRICK                        One to Four Family     180              65,000.00          618.52
                  50  CEDAR DRIVE                    Owner Occupied          72.22           64,881.71          10.990
                  CARVER, MA 02330                   First                  06/04/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094277         FOGLE                              One to Four Family     360             134,500.00        1,179.34
                  9549  A BALTIMORE NATL. PI         Owner Occupied          78.20          134,132.66           9.990
                  MYERSVILLE, MD 21773               First                  05/19/2027      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  163     Page Balance: $1,249,456.55    Generated By: Dmenegus
<PAGE>   166
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094282         FORSTER                            One to Four Family     180              48,000.00          456.75
                  13  EMELINE ROAD                   Owner Occupied          50.00           47,894.70          10.990
                  WEYMOUTH, MA 02189                 First                  05/14/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094286         FRANK                              One to Four Family     180              25,000.00          253.57
                  578  KENTUCKY AVE                  Owner Occupied          56.82           24,368.85           9.000
                  DILLON, MT 59725                   First                  05/01/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094287         FRANKLIN                           One to Four Family     180              22,700.00          220.48
                  4038  CONCORD STREET               Owner Occupied          28.02           22,346.32          11.250
                  MALAGA, WA 98828                   Second                 06/25/2012       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094302         GANNON                             One to Four Family     180             165,000.00        1,695.94
                  836  EAST THIRD STREET             Owner Occupied          66.00          164,539.05          11.990
                  SOUTH BOSTON, MA 02127             First                  06/24/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094303         GARCIA                             One to Four Family     180              36,050.00          384.65
                  210  RIDGE ROAD                    Owner Occupied          64.95           35,325.78           9.880
                  MOSES LAKE, WA 98837               First                  04/01/2012       55,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094315         GERVASI                            One to Four Family     180              50,000.00          616.26
                  361  O'CONNOR ROAD                 Owner Occupied          31.25           49,601.97          12.500
                  NORTH BABYLON, NY 11703            Second                 06/23/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094321         GOAD                               One to Four Family     360              18,900.00          187.17
                  720  WAGGONER STREET               Owner Occupied          60.00           18,869.19          11.500
                  EVANSVILLE, IN 47713               First                  07/01/2027       31,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094322         GOAD                               One to Four Family     360              20,700.00          205.00
                  303  ADAMS STREET                  Owner Occupied          60.00           20,666.23          11.500
                  EVANSVILLE, IN 47713               First                  07/01/2027       34,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094323         GOAD                               One to Four Family     360              22,200.00          219.85
                  728  MONROE AVENUE                 Owner Occupied          60.00           22,163.81          11.500
                  EVANSVILLE, IN 47713               First                  07/01/2027       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094325         GOEHNER                            One to Four Family     240              25,000.00          252.12
                  12  BENCH ROAD                     Owner Occupied          27.47           24,814.47          10.650
                  PEMBROKE, MA 02359                 Second                 06/01/2017       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094331         GREEN                              One to Four Family     180              25,000.00          276.35
                  9350  SW 170TH STREET              Owner Occupied          17.61           24,766.56          10.500
                  MIAMI, FL 33157                    Second                 07/02/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094333         GREENBLATT                         One to Four Family     180             210,000.00        1,998.29
                  21  WEST 120TH STREET              Owner Occupied          70.00          209,539.32          10.990
                  NEW YORK, NY 10027                 First                  05/21/2012      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  164     Page Balance:   $664,896.25    Generated By: Dmenegus
<PAGE>   167
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094337         GRIFFIN                            One to Four Family     360              36,800.00          364.15
                  3252  NORTH COLORADO AVENU         Owner Occupied          80.00           36,723.42          11.490
                  INDIANAPOLIS, IN 46218             First                  06/01/2027       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094340         GRIMES                             One to Four Family     240              18,000.00          198.08
                  1447  WOODSTOCK ROAD               Owner Occupied          17.14           17,885.91          11.990
                  WOODSTOCK, MD 21163                Second                 05/21/2017      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094344         GUZMAN                             One to Four Family     240             108,000.00        1,078.25
                  77  79 CONGRESS AVENUE             Owner Occupied          79.41          107,321.99          10.500
                  CHELSEA, MA 02150                  First                  07/01/2017      136,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094346         HABERER                            One to Four Family     360             178,750.00        1,907.72
                  1310  DINSMORE AVENUE              Owner Occupied          65.00          178,516.47          12.500
                  FAR ROCKAWAY, NY 11691             First                  05/20/2027      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094347         HAIDAR                             One to Four Family     180              51,600.00          471.62
                  39  MYSTIC STREET                  Owner Occupied          80.00           51,495.44          10.490
                  METHUEN, MA 01844                  First                  06/13/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094348         HAINES                             One to Four Family     360              53,000.00          504.33
                  4186  BOUGAINVILE STREET           Owner Occupied          73.61           52,703.59          10.990
                  WEST PALM BEACH, FL 33406          First                  06/16/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094349         HAK                                One to Four Family     360             135,000.00        1,130.23
                  10  09 SADDLE RIVER ROAD           Owner Occupied          50.00          134,654.12           9.450
                  FAIRVLAWN, NJ 07410                First                  06/24/2027      270,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094350         HALEY                              One to Four Family     180              44,000.00          418.69
                  3974  WOODSIDE AVENUE              Owner Occupied          80.00           43,919.93          10.990
                  FT. MYERS, FL 33916                First                  06/03/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094355         HAMILTON                           One to Four Family     360              26,250.00          259.75
                  131  MELLEN ST, UNIT 13A           Owner Occupied          70.00           26,207.15          11.490
                  FRAMINGHAM, MA 01701               First                  07/01/2027       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094359         HANEY                              One to Four Family     180              24,750.00          273.43
                  4432  ARBOR CIRCLE #1E             Owner Occupied          55.00           24,459.60          10.490
                  DOWNERS GROVE, IL 60615            First                  07/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094368         HAZLE                              One to Four Family     180              52,000.00          456.34
                  999  NW 109TH STREET               Owner Occupied          80.00           51,859.83          10.000
                  MIAMI, FL 33168                    First                  06/02/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094369         HEARNE                             One to Four Family     240             112,000.00        1,080.08
                  87  STONECUTTER ROAD               Owner Occupied          80.00          111,245.34           9.990
                  LEVITTOWN, NY 11756                First                  06/18/2017      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  165     Page Balance:   $836,992.79    Generated By: Dmenegus
<PAGE>   168
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094370         HEDTRICH                           One to Four Family     180              40,000.00          423.75
                  8  SEGATOGUE LANE                  Owner Occupied          24.24           39,395.33           9.750
                  CENTEREACH, NY 11720               Second                 05/05/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094372         HENRIQUEZ                          One to Four Family     360             197,200.00        1,729.11
                  329  LEVINSOHN PLACE               Owner Occupied          85.00          196,845.93           9.990
                  ENGLEWOOD, NJ 07631                First                  06/25/2027      232,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094375         HERNANDEZ                          One to Four Family     360              70,000.00          588.60
                  44  YARNELL STREET                 Owner Occupied          66.04           69,860.62           9.500
                  BRENTWOOD, NY 11717                First                  06/25/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094376         HERNANDEZ                          One to Four Family     360             130,000.00        1,237.04
                  247  PINDLE AVENUE                 Owner Occupied          65.00          129,763.43          10.990
                  ENGLEWOOD, NJ 07631                First                  06/10/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094379         HIGHSMITH                          One to Four Family     180              19,200.00          216.72
                  3406  PARK SQUARE S. UNIT          Owner Occupied          80.00           18,982.57          10.880
                  TAMPA, FL 33613                    First                  06/09/2012       24,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094381         HIGHTOWER                          One to Four Family     180              63,200.00          601.39
                  3124  AVENUE S.                    Owner Occupied          80.00           62,721.45          10.990
                  RIVIERA BEACH, FL 33404            First                  06/20/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094383         HILL                               One to Four Family     180              38,500.00          388.62
                  2309  13 13TH STREET               Owner Occupied          70.00           38,440.65          11.750
                  CLEWISTON, FL 33440                First                  06/17/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094388         HOLDEN                             One to Four Family     360              80,900.00          847.75
                  35  LAKEVIEW DRIVE                 Owner Occupied          89.99           80,618.90          12.250
                  DALLAS, GA 30132                   First                  07/01/2027       89,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094389         HOLLEY                             One to Four Family     180              40,000.00          454.39
                  1189  E. 34TH STREET               Owner Occupied          17.39           39,551.57          10.990
                  BROOKLYN, NY 11201                 First                  06/19/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094396         HOSTETLER                          One to Four Family     180              50,500.00          550.43
                  2101  HEATHERFIELD DR              Owner Occupied          72.66           50,272.24          10.250
                  LAFAYETTE, IN 47905                First                  06/01/2012       69,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094399         HOY                                One to Four Family     360              90,000.00          856.41
                  O BOX 436 NO BEECH S               Owner Occupied          71.43           89,836.23          10.990
                  BLANCHARD, PA 16826                First                  07/01/2027      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094401         HUEBNER                            One to Four Family     360              55,000.00          607.98
                  188  MASSACHUSETTS AVENUE          Owner Occupied          50.00           54,935.60          12.990
                  BAY SHORE, NY 11706                First                  06/25/2027      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  166     Page Balance:   $871,224.52    Generated By: Dmenegus
<PAGE>   169
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094403         HUMAYUN                            One to Four Family     360             152,000.00        1,332.79
                  112  01 93RD AVENUE                Owner Occupied          80.00          151,295.21           9.990
                  RICHMOND HILL, NY 11418            First                  04/23/2027      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094405         HURST                              One to Four Family     360              70,700.00          646.19
                  45  WASHINGTON STREET UN           Owner Occupied          70.00           70,556.75          10.490
                  METHUEN, MA 01844                  First                  06/25/2027      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094409         HYMAN                              One to Four Family     180              43,000.00          475.32
                  14  BREEZY PLACE                   Owner Occupied          20.98           42,392.43          10.500
                  MASSAPEQUA, NY 11752               Second                 05/09/2012      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094410         IACOVETTI                          One to Four Family     240              50,000.00          515.75
                  65  WASHINGTON AVE                 Owner Occupied          29.41           49,765.44          10.990
                  AMITYVILLE, NY 11701               Second                 06/23/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094417         ISAAC HENRY                        One to Four Family     360             137,200.00        1,166.19
                  139  11 230TH STREET               Owner Occupied          70.00          136,866.59           9.630
                  SPRINGFIELD GARDENS, NY 11413      First                  06/17/2027      196,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094424         JAMES                              One to Four Family     180              38,500.00          366.35
                  764  SW 10TH STREET                Owner Occupied          66.96           38,429.47          10.990
                  BELLE GLADE, FL 33430              First                  06/06/2012       57,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094427         JENKINS                            One to Four Family     360              51,300.00          473.10
                  R4, BOX 256, ROUTE 3               Owner Occupied          90.00           51,219.14          10.600
                  CANASTOTO, NY 13032                First                  07/11/2027       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094429         JOHANSEN                           One to Four Family     360              34,450.00          295.98
                  4841  MARTIN  LUTHER KING          Owner Occupied          65.00           34,313.95           9.750
                  SACREMENTO, CA 95820               First                  05/01/2027       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7055169         YOUNG                              One to Four Family     180              20,150.00          258.82
                  17862  GALLAGHER                   Owner Occupied          65.00           20,130.02          15.250
                  DETROIT, MI 48212                  First                  05/01/2012       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7050036         MILLER                             One to Four Family     240              18,400.00          184.32
                  146  MAIN ST                       Owner Occupied          76.67           18,261.68          10.550
                  BLOSSBURG, PA 16912                First                  05/23/2017       24,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7040835         EVANS                              One to Four Family     240              60,000.00          694.42
                  39450  EVANS LN                    Owner Occupied          68.97           59,664.65          12.800
                  MECHANICSVILLE, MD 20659           First                  06/01/2017       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
BD7050990         DECK                               One to Four Family     240              24,000.00          280.32
                  209  SCHOOL ST                     Owner Occupied          75.00           23,868.57          12.950
                  HUDSON, MI 49247                   First                  06/01/2017       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  167     Page Balance:   $696,763.90    Generated By: Dmenegus
<PAGE>   170
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7061523         GEORGE                             One to Four Family     180              50,000.00          575.55
                  1205  GOLDENROD LN NORTH           Owner Occupied          43.48           49,338.91          11.230
                  PLYMOUTH, MN 55441                 First                  05/14/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7075056         MILLER                             One to Four Family     180             196,000.00        2,168.16
                  571  WOODBURY RD                   Owner Occupied          80.00          195,770.96          13.000
                  PLAINVIEW, NY 11803                First                  06/06/2012      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7060405         MAY                                One to Four Family     180              53,600.00          550.92
                  RR 12 BOX 173 COPENH               Owner Occupied          80.00           53,489.10          11.990
                  LEWIS, NY 13626                    First                  05/01/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7040258         BRISSON                            One to Four Family     180              37,500.00          416.86
                  165  ANTHONY ST                    Owner Occupied          68.18           36,932.49          10.600
                  ROCHESTER, NY 14619                First                  08/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7095526         GOODEN                             One to Four Family     180              58,500.00          608.50
                  141  CLEVELAND RD S                Owner Occupied          90.00           58,312.65          12.150
                  VALLEY, AL 36854                   First                  12/26/2011       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7101716         BATSON                             One to Four Family     120               9,000.00          126.48
                  607  BENEDICT WAY                  Owner Occupied          10.00            8,919.01          11.490
                  CASSELBERRY, FL 32707              Second                 10/01/2007       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102372         CLAUS                              One to Four Family     240              99,800.00        1,085.01
                  22817  SOUTH FRENCH ROAD           Owner Occupied          70.78           99,591.70          11.800
                  PECULLAR, MO 64078                 First                  09/29/2017      141,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7064109         RIGDON JR                          One to Four Family     180              70,200.00          697.86
                  105  NORTH WOOD STREET             Owner Occupied          79.77           70,177.82          11.550
                  BROOKSTON, IN 47923                First                  11/01/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105870         HIGGINS                            One to Four Family     360              64,000.00          725.52
                  3175  NORTHWEST 65TH STREE         Owner Occupied          80.00           64,000.00          13.350
                  MIAMI, FL 33147                    First                  11/05/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7101122         JACKSON                            One to Four Family     180              42,000.00          371.69
                  2552  NORTH FIFTH STREET           Owner Occupied          77.78           42,000.00          10.100
                  HARRISBURG, PA 17110               First                  11/18/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7085454         LOUTFALLA                          One to Four Family     180              75,000.00          700.11
                  50  VESEY STREET                   Owner Occupied          75.00           74,914.53          10.750
                  BROCKTON, MA 02401                 First                  08/04/2012      114,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7085507         CLARKE                             One to Four Family     360             148,000.00        1,493.93
                  128  WEIN STREET                   Owner Occupied          80.00          147,818.31          11.750
                  HEMPSTEAD, NY 11550                First                  07/15/2027      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  168     Page Balance:   $901,265.48    Generated By: Dmenegus
<PAGE>   171
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7094517         PARKER                             One to Four Family     360              56,000.00          522.75
                  349  HIGHLAND AVENUE               Owner Occupied          56.57           55,914.54          10.750
                  PASSAIC, NJ 07055                  First                  07/16/2027       99,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105029         BOURNE                             One to Four Family     360             175,500.00        1,670.00
                  198  EAST 35TH STREET              Owner Occupied          90.00          175,245.68          10.990
                  BROOKLYN, NY 11203                 First                  07/02/2027      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094077         BONNEAU                            One to Four Family     180              30,000.00          274.20
                  29  TREASURE ISLAND ROAD           Owner Occupied          25.00           29,914.90          10.490
                  PLAINVILLE, MA 02762               First                  06/24/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094439         JOHNSTON                           One to Four Family     180             138,750.00        1,192.08
                  434  ERD AVENUE SOUTH, UN          Owner Occupied          75.00          138,353.60           9.750
                  EDMONDS, WA 98020                  First                  05/27/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094440         JONES                              One to Four Family     180              24,000.00          272.63
                  260  UPLAND AVENUE                 Owner Occupied          32.88           23,675.69          10.990
                  EWING, NJ 08638                    First                  05/05/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094441         JONES                              One to Four Family     180              25,000.00          283.99
                  5809  BLUEBERRY COURT #96          Owner Occupied          55.56           24,638.23          10.990
                  FT.LAUDERDALE, FL 33313            First                  06/20/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094445         JONES                              One to Four Family     180              80,000.00          761.25
                  40  EISENHOWER AVENUE              Owner Occupied          80.00           79,824.52          10.990
                  BRENTWOOD, NY 11717                First                  05/27/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094448         JONES                              One to Four Family     360             119,200.00        1,134.27
                  6914  WHISPERING WIND WAY          Owner Occupied          80.00          118,880.73          10.990
                  STONE MOUNTAIN, GA 30087           First                  05/27/2027      149,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094457         KARRFALT                           One to Four Family     360              34,500.00          354.61
                  2624  NORHT HAWTHORNE              Owner Occupied          75.00           34,439.10          11.990
                  INDIANAPOLIS, IN 46218             First                  05/21/2027       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094481         LACHANCE                           One to Four Family     180              53,000.00          504.33
                  62  GREENWOOD STREET               Owner Occupied          67.95           52,883.74          10.990
                  GARDNER, MA 01440                  First                  06/01/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094483         LAHNECHE                           One to Four Family     240              38,000.00          383.23
                  4210  N WOLCOTT                    Owner Occupied          13.82           37,717.92          10.650
                  CHICAGO, IL 60613                  Second                 05/14/2017      275,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094489         LANZAROTTA                         One to Four Family     180              30,000.00          359.86
                  1876  GREENE AVENUE                Owner Occupied          12.50           29,755.93          11.990
                  RIDGEWOOD, NY 11385                Second                 07/08/2012      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  169     Page Balance:   $801,244.58    Generated By: Dmenegus
<PAGE>   172
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094506         LEWIS                              One to Four Family     180              33,000.00          390.76
                  3215  FENTON AVE                   Owner Occupied          18.13           32,576.92          11.750
                  BRONX, NY 10469                    Second                 05/19/2012      182,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094518         LOPEZ                              One to Four Family     360             102,000.00          933.03
                  26  PAMELA RD                      Owner Occupied          79.69          101,831.05          10.500
                  BRENTWOOD, NY 11717                First                  07/07/2027      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094520         LOUIS                              One to Four Family     240             131,000.00        1,419.66
                  239  52 148TH AVE                  Owner Occupied          74.86          129,990.75          11.750
                  ROSEDALE, NY 11422                 First                  06/25/2017      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094530         MADDEN                             One to Four Family     360             150,000.00        1,372.11
                  239  MADISON AVENUE                Owner Occupied          75.00          149,696.69          10.500
                  ISLAND PARK, NY 11558              First                  06/20/2027      200,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094534         MAHONEY                            One to Four Family     240              40,000.00          399.08
                  29  CROSS STREET                   Owner Occupied          31.01           39,696.97          10.490
                  CARVER, MA 02330                   Second                 05/19/2017      129,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094538         MANHORALALL                        One to Four Family     360             159,300.00        1,427.49
                  86  37 123RD STREET                Owner Occupied          90.00          158,960.24          10.250
                  RICHMOND HILLS, NY 11418           First                  06/12/2027      177,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094543         MARKIEWICZ                         One to Four Family     360              99,450.00          836.23
                  406  E. NORTHSHORE DRIVE           Owner Occupied          85.00           98,534.65           9.500
                  FT. MYERS, FL 33917                First                  07/01/2027      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094547         MASON                              One to Four Family     180              83,000.00        1,048.82
                  58  OGNEY STREET                   Owner Occupied          59.29           82,938.43          14.990
                  DORCHESTER, MA 02121               First                  06/26/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094563         MCCARTHY                           One to Four Family     180             114,750.00        1,091.92
                  5017  NORTHRIDING COURT            Owner Occupied          90.00          114,498.29          10.990
                  FUQUAY-VARINA, NC 27526            First                  07/01/2012      128,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094565         MCCROSSEN                          One to Four Family     240              51,000.00          543.88
                  368  LANDING AVENUE                Owner Occupied          22.67           50,719.02          11.500
                  SMITHTOWN, NY 11787                First                  06/27/2017      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094575         MEDEIROS                           One to Four Family     360             131,250.00        1,176.13
                  1186  RIVERSSIDE AVENUE            Owner Occupied          75.00          130,970.07          10.250
                  SOMERSET, MA 02726                 First                  05/24/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094578         MELCHI                             One to Four Family     360              84,800.00          775.70
                  1812  W. PALOMINO DRIVE            Owner Occupied          80.00           84,510.50          10.500
                  CHANDLER, AZ 85224                 First                  06/01/2027      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  170     Page Balance: $1,174,923.58    Generated By: Dmenegus
<PAGE>   173
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094579         MELTON                             One to Four Family     360              65,600.00          612.36
                  526  SOUTH 12TH                    Owner Occupied          80.00           65,499.90          10.750
                  NEW CASTLE, IN 47362               First                  07/02/2027       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094583         MENKIENA                           One to Four Family     240              30,000.00          294.49
                  1372  LEXINGTON AVENUE             Owner Occupied          25.42           29,765.60          10.250
                  N. TONAWANDA, NY 14120             Second                 05/28/2017      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094584         MENTOR                             One to Four Family     240              41,000.00          437.24
                  285  EAST 40TH STREET              Owner Occupied          24.12           40,727.60          11.500
                  BROOKLYN, NY 11203                 Second                 05/19/2017      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094598         MITCHELL                           One to Four Family     180              18,200.00          201.19
                  9  NORTH MAIN STREET               Owner Occupied          70.00           18,178.67          12.990
                  YEAGERTOWN, PA 17099               First                  06/04/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094607         MORRIS                             One to Four Family     360             143,000.00        1,469.81
                  385  A PUTNAM AVENUE               Owner Occupied          71.50          142,747.76          11.990
                  BROOKLYN, NY 11216                 First                  05/15/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094639         NORTON                             One to Four Family     360              61,500.00          528.38
                  3801  13TH AVENUE NORTH            Owner Occupied          77.36           61,241.67           9.750
                  ST. PETERSBURG, FL 33713           First                  06/01/2027       79,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094642         O'BRIEN                            One to Four Family     180              88,200.00          839.28
                  19  PALFREY STREET                 Owner Occupied          70.00           88,039.51          10.990
                  SCITUATE, MA 02066                 First                  06/06/2012      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094653         ORTIZ                              One to Four Family     240              95,600.00          970.56
                  3  EMILY STREET                    Owner Occupied          74.69           95,018.96          10.750
                  BAY SHORE, NY 11706                First                  06/11/2017      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094664         PALERMI                            One to Four Family     360             160,200.00        1,465.41
                  1877  GROVE STREET                 Owner Occupied          90.00          159,941.99          10.500
                  RIDGEWOOD, NY 11385                First                  07/09/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094668         PARKER                             One to Four Family     360             110,500.00        1,051.48
                  6  ESSEW DRIVE                     Owner Occupied          85.00          109,209.64          10.990
                  AMITYVILLE, NY 11701               First                  06/24/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094671         PASCUCCI                           One to Four Family     360             120,000.00        1,097.69
                  100  PRINCESS AVENUE               Owner Occupied          57.14          119,734.80          10.500
                  HICKSVILLE, NY 11801               First                  06/09/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094677         PEGRAM                             One to Four Family     180              85,000.00          777.53
                  3939  WILDER AVENUE                Owner Occupied          51.52           84,792.84          10.500
                  BRONX, NY 10466                    First                  05/28/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  171     Page Balance: $1,014,898.94    Generated By: Dmenegus
<PAGE>   174
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094679         PENN                               One to Four Family     240              85,000.00          819.71
                  1414  CROTONA AVENUE               Owner Occupied          65.38           84,430.17           9.990
                  BRONX, NY 10456                    First                  06/27/2017      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094680         PENNINO                            One to Four Family     360             148,000.00        1,408.32
                  1395  E. 52ND STREET               Owner Occupied          79.14          147,756.84          10.990
                  BROOKLYN, NY 11234                 First                  06/18/2027      187,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094687         PETRAS                             One to Four Family     360             122,400.00        1,118.72
                  61  VINEYARD AVENUE                Owner Occupied          80.00          122,151.96          10.490
                  E. PROVIDENCE, RI 02914            First                  06/20/2027      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094698         POLASKI                            One to Four Family     180              60,000.00          560.09
                  5341  MARTIN STREET                Owner Occupied          80.00           59,908.42          10.750
                  NAPLES, FL 34113                   First                  07/14/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094703         POSIMATO                           One to Four Family     360              84,000.00          799.32
                  18  EDWIN COURT                    Owner Occupied          75.00           83,845.73          10.990
                  BAY PARK, NY 11518                 First                  06/27/2027      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094706         PRADA                              One to Four Family     180              71,400.00          679.42
                  8640  SW 207TH TERRACE             Owner Occupied          70.00           71,242.77          10.990
                  MIAMI, FL 33189                    First                  05/13/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094707         PRAMIK                             One to Four Family     360              79,950.00          791.13
                  461  H. MALE ROAD                  Owner Occupied          75.07           79,768.38          11.490
                  WIND GAP, PA 18064                 First                  06/12/2027      106,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094714         RAE                                One to Four Family     180             135,000.00        1,533.56
                  13  ARLINGTON STREET               Owner Occupied          75.00          133,455.08          10.990
                  MELVILLE, NY 11747                 First                  06/25/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094715         RAMONDETTA                         One to Four Family     180              75,000.00          742.72
                  136  04 HOOK CREEK BLVD.           Owner Occupied          38.46           74,878.14          11.500
                  ROSEDALE, NY 11422                 First                  06/02/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094719         RAYNER                             One to Four Family     180              42,500.00          403.14
                  3617  TROWBRIDGE AVENUE            Owner Occupied          85.00           42,405.91          10.950
                  CLEVELAND, OH 44109                First                  05/27/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094720         REDD                               One to Four Family     180              50,000.00          544.98
                  7625  MARSHFIELD AVENUE            Owner Occupied          59.52           49,522.34          10.250
                  CHICAGO, IL 60620                  First                  07/09/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094745         RODRIGUES                          One to Four Family     180              62,300.00          640.35
                  21  MARKET STREET                  Owner Occupied          70.00           62,190.17          11.990
                  BROCKTON, MA 02401                 First                  05/28/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  172     Page Balance: $1,011,555.91    Generated By: Dmenegus
<PAGE>   175
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094748         RODRIGUEZ                          One to Four Family     180              54,600.00          474.12
                  3304  CHESTNUT STREET              Owner Occupied          75.83           54,448.06           9.880
                  TAMPA, FL 33607                    First                  06/01/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094751         ROSARIO                            One to Four Family     360              92,000.00          935.72
                  40  SHERIDAN AVENUE                Owner Occupied          80.00           91,832.51          11.850
                  PATERSON, NJ 07502                 First                  05/21/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094753         ROSELUND                           One to Four Family     180              52,000.00          623.75
                  31  SCENIC AVENUE                  Owner Occupied          41.60           51,468.57          11.990
                  WEBSTER, MA 01570                  Second                 06/13/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094754         ROSENBAUM                          One to Four Family     360             124,000.00        1,180.88
                  779  LEXINGTON AVE.                Owner Occupied          80.00          123,774.84          11.000
                  BROOKLYN, NY 11221                 First                  06/04/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094768         SALUMU                             One to Four Family     360             116,250.00        1,240.69
                  165  37 144TH TERRACE              Owner Occupied          75.00          114,332.97          12.500
                  JAMAICA, NY 11434                  First                  07/02/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094770         SANCHEZ                            One to Four Family     180             186,750.00        1,919.50
                  43  09 HUNTER STREET               Owner Occupied          75.00          186,476.81          11.990
                  LONG ISLAND CITY, NY 11101         First                  06/13/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094777         SANTI                              One to Four Family     360             114,500.00        1,155.77
                  121  MORELAND STREET               Owner Occupied          71.56          114,323.46          11.750
                  STATEN ISLAND, NY 10306            First                  06/09/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094784         SCAFFIDI                           One to Four Family     360             129,350.00        1,329.51
                  572  OAKDALE ROAD                  Owner Occupied          65.00          129,093.93          11.990
                  EAST MEADOW, NY 11554              First                  05/05/2027      199,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094787         SCHAUB                             One to Four Family     180              72,000.00          661.31
                  713  W. CORRINGTON                 Owner Occupied          80.00           71,627.75          10.550
                  PEORIA, IL 61604                   First                  05/23/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094796         SELEWACH                           One to Four Family     240              50,000.00          585.43
                  MOKE RISE ROOAD                    Owner Occupied          49.50           49,727.65          12.990
                  NEW HAMPTON, NH 03256              First                  05/16/2017      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094801         SHETH                              One to Four Family     360             135,000.00        1,284.62
                  123  08 95TH AVENUE                Owner Occupied          90.00          134,754.31          10.990
                  RICHMOND HILL, NY 11419            First                  06/02/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094804         SIMPSON                            One to Four Family     180              74,000.00          732.25
                  3254  BARKSDALE ROAD               Owner Occupied          80.00           73,844.18          11.490
                  FAYETTEVILLE, NC 28301             First                  05/20/2012       92,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  173     Page Balance: $1,195,705.04    Generated By: Dmenegus
<PAGE>   176
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094812         SMITH                              One to Four Family     360              37,000.00          357.97
                  2106  N. LONGWOOD STREET           Owner Occupied          67.27           36,922.39          11.200
                  BALTIMORE, MD 21206                First                  05/20/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094821         SOEWARDIMAN                        One to Four Family     180              88,000.00          970.03
                  54  HAMILTON AVENUE                Owner Occupied          80.00           86,750.90          10.450
                  LYNN, MA 01902                     First                  05/21/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094822         SOOKAR                             One to Four Family     180              30,000.00          317.81
                  1942  WATSON AVENUE                Owner Occupied          13.04           29,614.70           9.750
                  BRONX, NY 10472                    Second                 06/19/2012      230,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094825         SOUTHWICK                          One to Four Family     180              68,800.00          654.68
                  USHING CORNER ROAD                 Owner Occupied          80.00           68,700.29          10.990
                  FREEDOM, NH 03836                  First                  07/02/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094826         SOUTO                              One to Four Family     360              67,200.00          717.20
                  2505  NW 105 STREET                Owner Occupied          70.00           67,112.21          12.500
                  MIAMI, FL 33147                    First                  06/02/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094830         STAMM                              One to Four Family     180              68,300.00          797.87
                  159  MONCERAH AVENUE               Owner Occupied          34.15           67,718.39          11.500
                  BABYLON, NY 11704                  Second                 07/02/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094833         STASSI                             One to Four Family     240              45,000.00          433.96
                  6  PETAL LANE                      Owner Occupied          25.00           44,698.34           9.990
                  HICKSVILLE, NY 11801               Second                 06/06/2017      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094841         SWEENEY                            One to Four Family     360              79,100.00          711.76
                  101  PEMBROKE ST UNIT #3           Owner Occupied          70.00           78,933.07          10.300
                  BOSTON, MA 02118                   First                  07/01/2027      113,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7094852         THEARD                             One to Four Family     180              31,200.00          354.42
                  10904  S.W. 112TH AVENUE           Owner Occupied          27.13           30,778.38          10.990
                  MIAMI, FL 33176                    Second                 05/16/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094853         STOCK                              One to Four Family     360              25,000.00          242.82
                  5027  GRANSBACK STREET             Owner Occupied          60.98           23,821.38          11.250
                  PHILADELPHIA, PA 19120             First                  05/01/2027       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094862         TRACEY                             One to Four Family     180              52,500.00          499.57
                  2670  NW 42ND TERRACE              Owner Occupied          70.00           52,383.51          10.990
                  LAUDERHILL, FL 33313               First                  05/20/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094865         TREZZINO                           One to Four Family     360             131,250.00        1,350.06
                  342  HAMDEN WAY                    Owner Occupied          75.00          131,018.92          12.000
                  STATEN ISLAND, NY 10306            First                  05/28/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  174     Page Balance:   $718,452.48    Generated By: Dmenegus
<PAGE>   177
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7094882         VAVOULES                           One to Four Family     360             132,000.00        1,157.42
                  33  FLEETWOOD AVENUE               Owner Occupied          62.86          131,702.49           9.990
                  MELVILLE, NY 11747                 First                  07/01/2027      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094883         VELAZQUEZ                          One to Four Family     360             201,400.00        1,693.48
                  284  ONDERDONK AVENUE              Owner Occupied          84.98          200,999.02           9.500
                  RIDGEWOOD, NY 11385                First                  07/02/2027      237,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094895         WAITERS                            One to Four Family     360              78,000.00          801.72
                  190  HOBSON STREET                 Owner Occupied          65.00           77,862.38          11.990
                  NEWARK, NJ 07112                   First                  05/06/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094905         WASHINGTON                         One to Four Family     360              83,250.00          761.52
                  26  SURREY DRIVE                   Owner Occupied          75.00           83,115.93          10.500
                  AMITYVILLE, NY 11701               First                  06/24/2027      111,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094907         WATSON                             One to Four Family     360              75,000.00          700.11
                  89  10 220TH STREET                Owner Occupied          50.68           74,826.75          10.750
                  QUEENE VILLAGE, NY 11427           First                  06/01/2027      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094916         WEMPE                              One to Four Family     180              55,200.00          584.77
                  411  ARCH STREET                   Owner Occupied          80.00           54,365.59           9.750
                  CUMBERLAND, MD 21502               First                  05/16/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094920         WHITE                              One to Four Family     180             151,200.00        1,765.34
                  5  DAVIS DRIVE                     Owner Occupied          73.94          149,581.30          11.490
                  NEWARK, DE 19702                   First                  06/04/2012      204,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094926         WILCOX                             One to Four Family     180             100,000.00          914.74
                  814  DEVON DRIVE                   Owner Occupied          79.37           99,756.28          10.500
                  NEWARK, DE 19711                   First                  05/20/2012      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094928         WILLIAMS                           One to Four Family     180              21,000.00          222.47
                  890  DEMOTT AVENUE                 Owner Occupied          12.73           20,736.53           9.750
                  BALDWIN, NY 11510                  Second                 06/11/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094945         WRIGHT                             One to Four Family     360              57,200.00          582.87
                  3114  28TH PARKWAY                 Owner Occupied          65.00           57,059.79          11.880
                  TEMPLE HILLS, MD 20748             First                  04/01/2027       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094946         WRIGHT                             One to Four Family     360              79,100.00          693.58
                  8336  S. CALUMAT AVENUE            Owner Occupied          70.00           78,921.69           9.990
                  CHICAGO, IL 60619                  First                  06/23/2027      113,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7094955         ZAVALA                             One to Four Family     360             100,500.00        1,032.98
                  24  SUN VALLEY DRIVE               Owner Occupied          75.00          100,352.99          11.990
                  CORAM, NY 11727                    First                  06/19/2027      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  175     Page Balance: $1,129,280.74    Generated By: Dmenegus
<PAGE>   178
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998

================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7094957         ZELLER                             One to Four Family     360              62,890.00          575.28
                  1207  OLD NORTH POINT RD           Owner Occupied          66.90           62,736.73          10.500
                  DUNDALK, MD 21222                  First                  05/12/2027       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100490         DAVIS                              One to Four Family     360              70,000.00          706.59
                  16901  LAWTON                      Owner Occupied          73.68           69,892.04          11.750
                  DETROIT, MI 48221                  First                  07/01/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110006         CARROLL                            One to Four Family     180              31,501.00          358.04
                  3930  MADISON                      Owner Occupied          70.00           31,431.72          11.000
                  GARY, IN 46407                     First                  10/11/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110007         FALLS                              One to Four Family     240              27,070.00          312.34
                  1520  S. TRUMBULL                  Owner Occupied          47.49           27,045.28          12.750
                  CHICAGO, IL 60623                  First                  10/07/2017       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110008         FISHER                             One to Four Family     180              22,253.00          267.07
                  915  NORTH MEDARD                  Owner Occupied          22.25           22,208.46          12.000
                  CHICAGO, IL 60651                  Second                 10/14/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110014         JOHNSON                            One to Four Family     360              81,771.00          841.11
                  744  S. KENNETH                    Owner Occupied          79.39           81,747.60          12.000
                  CHICAGO, IL 60629                  First                  10/13/2027      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110019         METCALF                            One to Four Family     180              30,938.00          371.31
                  7523  S. WOLCOTT                   Owner Occupied          49.11           30,876.07          12.000
                  CHICAGO, IL 60620                  First                  10/24/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110020         NEWSOME                            One to Four Family     180              22,143.00          258.67
                  2124  PIERCE STREET                Owner Occupied          54.67           22,096.53          11.500
                  GARY, IN 46407                     First                  10/13/2012       40,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110025         REED                               One to Four Family     240              59,801.00          660.55
                  6690  S. 700 WEST                  Owner Occupied          72.93           59,740.95          12.050
                  DALEVILLE, IN 47224                First                  10/14/2017       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110027         SLADEK                             One to Four Family     180              22,357.00          275.55
                  2613  W. 75TH STREET               Owner Occupied          14.61           22,314.34          12.500
                  WOODRIDGE, IL 60517                Second                 10/11/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110028         STIFFEND                           One to Four Family     240              64,917.00          737.55
                  2830  W. ADAMS STREET              Owner Occupied          68.33           64,793.70          12.500
                  CHICAGO, IL 60612                  First                  09/05/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110196         ADKINS                             One to Four Family     180              36,000.00          362.01
                  T 1 BOX 473                        Owner Occupied          80.00           35,988.99          11.700
                  CANNELTON, IN 47520                First                  10/20/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  176     Page Balance:   $530,872.41    Generated By: Dmenegus
<PAGE>   179
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110198         CHASAR                             One to Four Family     180              48,750.00          653.61
                  848  E 152ND STREET                Owner Occupied          65.00           48,744.36          15.950
                  CLEVELAND, OH 44110                First                  10/03/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110204         HAZINSKI                           One to Four Family     180              40,600.00          394.34
                  2415  INGLEWOOD COURT              Owner Occupied          70.00           40,586.29          11.250
                  SOUTH BENK, IN 46616               First                  10/27/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110207         MICH                               One to Four Family     180              53,250.00          630.95
                  6096  DORT HWY                     Owner Occupied          75.00           53,056.06          14.000
                  GRAND BLANC, MI 48439              First                  06/01/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110209         PLUMMER                            One to Four Family     180             121,500.00        1,245.09
                  5309  BAYON DRIVE                  Owner Occupied          90.00          121,429.35          11.950
                  MUNCIE, IN 47304                   First                  09/22/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110215         THYBAULT                           One to Four Family     180             148,000.00        1,614.08
                  95  MOWER                          Owner Occupied          80.00          147,964.59          12.800
                  PINCKNEY, MI 48169                 First                  10/23/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110411         GONZALES                           One to Four Family     360              66,500.00          608.30
                  2916  BELLEMAH DRIVE               Owner Occupied          70.00           66,473.58          10.500
                  SANTA FE, NM 87701                 First                  10/26/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110412         WRIGHT                             One to Four Family     180              20,600.00          247.10
                  91  1014 AEOIA STREET              Owner Occupied           8.24           20,558.73          11.990
                  EWA BEACH, HI 96706                Second                 10/21/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110413         DEWAR                              One to Four Family     180              40,850.00          466.87
                  4793  SOUTH GAR WAY                Owner Occupied          23.61           40,760.99          11.100
                  LITTLETON, CO 80123                Second                 10/28/2012      173,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110638         SCOTT                              One to Four Family     180              67,500.00          736.15
                  2780  STRINGTOWN ROAD              Owner Occupied          75.00           67,436.09          12.800
                  CORINTH, KY 41010                  First                  08/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110690         ELLIOTT                            One to Four Family     180              75,600.00          635.13
                  6382  BELFAST ROAD                 Owner Occupied          90.00           75,562.74           9.490
                  GOSHEN, OH 45122                   First                  10/20/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110695         FORTIN                             One to Four Family     180             135,000.00        1,284.62
                  1615  STERLING DRIVE               Owner Occupied          90.00          134,951.76          10.990
                  LAKELAND, FL 33813                 First                  09/25/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110697         HALL                               One to Four Family     180              30,000.00          308.35
                  611  ROBERTS STREET                Owner Occupied          60.00           29,982.71          11.990
                  NEWPORT, KY 41071                  First                  10/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  177     Page Balance:   $847,507.25    Generated By: Dmenegus
<PAGE>   180
================================================================================
                                 PAINEWEBBER
                             LOAN SCHEDULE REPORT
                            IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7110701         HAY                                One to Four Family     120              17,500.00          261.19
                  8145  HAY RENFROE CIRCLE           Owner Occupied          50.00           17,428.25          12.990
                  DALLAS, GA 30132                   First                  09/22/2007       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111117         WHITE                              One to Four Family     180              30,000.00          294.12
                  1517  OHIO AVENUE                  Owner Occupied          60.00           29,990.13          11.370
                  ASHTABULA, OH 44004                First                  11/01/2012       50,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NB7100085         RUSSELL                            One to Four Family     360              53,040.00          557.86
                  96  BIDWELL TERRACE                Owner Occupied          78.00           53,040.00          12.300
                  CITY OF ROCHESTER, NY 14613        First                  12/01/2027       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NB7110057         RICEN                              One to Four Family     360              37,800.00          341.26
                  67  CAUTERSKILL AVENUE             Owner Occupied          70.00           37,800.00          10.340
                  CATSKILL, NY 12414                 First                  11/19/2027       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ND7110034         AVILA                              One to Four Family     360              60,000.00          488.83
                  22  TALBOT STREET                  Owner Occupied          46.88           60,000.00           9.140
                  FRANKLIN TOWNSHIP, NJ 08873        First                  11/26/2027      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100743         SANDERS                            One to Four Family     240              29,600.00          293.54
                  8152  MATTINGRIDGE DRIVE           Owner Occupied          24.26           29,600.00          10.400
                  CHARLOTTE, NC 28270                Second                 11/26/2017      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100996         LUTZ                               One to Four Family     180              36,000.00          381.16
                  326  SEELEY AVENUE                 Owner Occupied          75.00           36,000.00           9.740
                  WALL, PA 15148                     First                  11/24/2012       48,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FB7101245         BILLIPS                            One to Four Family     180              96,000.00          796.74
                  2414  BOYDS CREEK HIGHWAY          Owner Occupied          73.28           96,000.00           9.350
                  SEYMOUR, TN 37876                  First                  11/26/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110379         FRETWELL                           One to Four Family     180              69,600.00          567.55
                  11702  WEST DIVISION AVENUE        Owner Occupied          80.00           69,600.00           9.150
                  CUMBERLAND, MD 21502               First                  11/21/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110554         YAROSAVICH                         One to Four Family     180              10,000.00          120.02
                  90  HELEN STREET                   Owner Occupied          19.61           10,000.00          12.000
                  PLAINS, PA 18705                   First                  11/26/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7080752         RICHARDSON                         One to Four Family     360              80,000.00          780.04
                  500  FOXHALL PLACE                 Owner Occupied          80.00           80,000.00          11.300
                  WASHINGTON, DC 20032               First                  11/24/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100129         FISCHER                            One to Four Family     240              30,500.00          310.68
                  1710  NORTH ELLAMONT STREE         Owner Occupied          77.22           30,500.00          10.800
                  BALTIMORE, MD 21216                First                  11/24/2017       39,500.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  178     Page Balance:   $549,958.38    Generated By: Dmenegus
<PAGE>   181
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7100566         WOODS                              One to Four Family     360              30,000.00          315.53
                  12066  ASBURY PARK                 Owner Occupied          57.69           29,991.97          12.300
                  DETROIT, MI 48227                  First                  11/01/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101307         OLIVER JR                          One to Four Family     240             109,200.00        1,053.09
                  8105  THORNFIELD TERRACE           Owner Occupied          71.84          109,200.00           9.990
                  FORESTVILLE, MD 20747              First                  11/28/2017      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7105787         BURGESS                            One to Four Family     360              38,320.00          378.02
                  150  WILLOUGHBY DRIVE              Owner Occupied          80.00           38,269.76          11.450
                  OWENS CROSSROADS, AL 35763         First                  08/01/2027       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106350         MILTON                             One to Four Family     240              75,000.00          748.78
                  253  5TH AVENUE                    Owner Occupied          26.79           74,814.13          10.500
                  NEW ROCHELLE, NY 10801             First                  10/01/2017      280,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106355         REED                               One to Four Family     180              50,400.00          483.78
                  1041  NOAHTOWN RD BOX 15 L         Owner Occupied          90.00           50,382.42          11.100
                  THOMASVILLE, NC 27360              First                  11/01/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7106365         HARRINGTON                         One to Four Family     180              73,950.00          659.92
                  23  KURTZ STREET                   Owner Occupied          85.00           73,887.05          10.200
                  CHICOPEE, MA 01013                 First                  10/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110987         SCHMITTLING                        One to Four Family     360              27,600.00          272.06
                  515  E. JEFFERSON                  Owner Occupied          80.00           27,600.00          11.440
                  SPARTA, IL 62286                   First                  12/01/2027       34,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7111045         LEON                               One to Four Family     180              35,000.00          416.69
                  8909  E. 35TH STREET               Owner Occupied          63.64           35,000.00          11.850
                  KANSAS CITY, MO 64129              First                  12/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115283         BROWN                              One to Four Family     360             126,000.00        1,164.36
                  50  52 CLAYTON ROAD                Owner Occupied          70.00          125,606.92          10.630
                  CHELTENHAM TWP, PA 19038           First                  09/06/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115284         BROWNING                           One to Four Family     240              31,400.00          351.23
                  7  D COLONIAL DRIVE                Owner Occupied          39.25           31,254.38          12.250
                  LITTLE FALLS, NJ 07424             Second                 09/23/2017       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115286         CATTANO                            One to Four Family     360              57,200.00          571.91
                  829  ROOSEVELT AVENUE              Owner Occupied          31.78           57,136.69          11.630
                  SECAUCAS, NJ 07094                 Second                 10/14/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115290         DIPACE                             One to Four Family     180              58,000.00          568.84
                  105  WARRENVILLE ROAD              Owner Occupied          32.04           57,981.19          11.380
                  TWP OF GREENBROOK, NJ 08812        First                  10/07/2012      181,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  179     Page Balance:   $711,124.51    Generated By: Dmenegus
<PAGE>   182
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115295         GRAVES                             One to Four Family     180              26,800.00          328.14
                  7  SHERMAN AVENUE                  Owner Occupied          14.49           26,748.24          12.380
                  TWP OF LINCOLN, RI 02865           Second                 10/14/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115299         JURKOWITSCH                        One to Four Family     360              50,600.00          564.68
                  5  WATTS AVENUE                    Owner Occupied          50.35           50,600.00          13.130
                  TWP OF BURLINGTON, NJ 08016        First                  09/02/2027      100,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115302         KISH                               One to Four Family     360              60,000.00          554.46
                  1100  PHEASANT LANE                Owner Occupied          41.38           59,986.73          10.630
                  SPRINGFIELD, PA 19075              Second                 10/14/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115305         ONAL                               One to Four Family     180              59,000.00          545.20
                  334  COOL RIDGE COURT              Owner Occupied          23.14           58,977.44          10.630
                  MILLERSVILLE, MD 21108             Second                 10/20/2012      255,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115308         REUTER                             One to Four Family     180              27,800.00          324.76
                  9  LOCUST AVENUE                   Owner Occupied          12.93           27,738.01          11.500
                  STATEN ISLAND, NY 10306            Second                 10/06/2012      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115310         SEISLOVE                           One to Four Family     120              16,600.00          251.54
                  6365  GLENLOCH STREET              Owner Occupied          29.12           16,600.00          13.380
                  PHILADELPHIA, PA 19135             Second                 11/30/2007       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115312         STEWART                            One to Four Family     120              24,700.00          352.59
                  10882  KNOTT CREEK LANE            Owner Occupied          14.97           24,580.45          11.880
                  DENTON, MD 21641                   Second                 10/14/2007      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115313         STRICKLAND                         One to Four Family     240              18,000.00          218.95
                  811  WESTFIELD AVENUE              Owner Occupied          13.04           17,919.99          13.630
                  LOWER, NJ 08204                    Second                 10/16/2017      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115317         WERNER                             One to Four Family     120              22,000.00          317.23
                  19  NORTH RANDOLPHVILLE            Owner Occupied          12.79           21,901.93          12.130
                  TWP OF PISCATAWAY, NJ 00854        Second                 09/02/2007      172,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115612         EHRENBERGER                        One to Four Family     360              23,300.00          221.89
                  503  PACIFIC ST                    Owner Occupied          63.84           23,300.00          11.000
                  LADORA, IA 52251                   First                  12/01/2027       36,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115620         BURGE                              One to Four Family     360              23,250.00          220.54
                  1221  11TH ST                      Owner Occupied          75.00           23,241.62          10.950
                  PORT HURON, MI 48060               First                  11/01/2027       31,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115641         KUPSTIS                            One to Four Family     180              17,500.00          186.77
                  7147 PELSDORF AVE                  Owner Occupied          49.30           17,500.00          12.500
                  LOYAL, WI 54446                    First                  11/05/2012       35,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                   180     Page Balance:   $369,094.41    Generated By: Dmenegus
<PAGE>   183
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7115646         TRI                                One to Four Family     180              35,000.00          390.15
                  5400  320TH ST                     Owner Occupied          41.42           34,910.63          10.650
                  STACY, MN 55079                    First                  11/01/2012       84,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7100154         VELAZQUEZ                          One to Four Family     240              96,000.00          968.14
                  2653  S. HOMAN AVE                 Owner Occupied          80.00           96,000.00          10.650
                  CHICAGO, IL 60623                  First                  11/26/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090289         AKINYODE                           One to Four Family     360              57,000.00          494.96
                  1954  VILLAGE GREEN DRIVE          Owner Occupied          79.17           56,868.60           9.880
                  LANDOVER, MD 20785                 First                  07/01/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090301         AUSTIN                             One to Four Family     180              31,000.00          349.92
                  12500  PROMENADE                   Owner Occupied          88.57           29,787.72          10.880
                  DETROIT, MI 48213                  First                  07/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090323         BIXLER                             One to Four Family     180              18,000.00          171.42
                  804  NICHOL AVE                    Owner Occupied          80.00           17,792.18          11.000
                  ANDERSON, IN 46016                 First                  08/01/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090338         BUCHANAN                           One to Four Family     180              25,200.00          294.38
                  19165  CALDWELL                    Owner Occupied          70.00           24,985.42          11.500
                  DETROIT, MI 48212                  First                  08/01/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090343         BURNETTE                           One to Four Family     180              47,250.00          441.07
                  20254  MACEL ROSEVILLE             Owner Occupied          75.00           47,159.41          10.750
                  ROSEVILLE, MI 48066                First                  07/01/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090359         CARLSON                            One to Four Family     360              95,200.00          817.91
                  57  NEDOBITY RD                    Owner Occupied          80.00           58,432.81           9.750
                  HADDAM, CT 06441                   First                  08/01/2027      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090360         CARR                               One to Four Family     180              24,000.00          319.62
                  16534  CRUSE                       Owner Occupied          43.64           23,791.59          14.000
                  DETROIT, MI 48235                  First                  07/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090393         DENO                               One to Four Family     180              44,000.00          503.99
                  216  NORTH SMITH                   Owner Occupied          55.00           43,927.95          13.500
                  BOSWELL, IN 47921                  First                  07/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090407         EBERT                              One to Four Family     180              44,100.00          529.27
                  2942  E. 114TH STREET              Owner Occupied          70.00           43,741.59          12.000
                  CLEVELAND, OH 44104                First                  08/01/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090411         ELKINS                             One to Four Family     180              18,000.00          229.23
                  3123  FOREST AVENUE                Owner Occupied          72.00           17,834.80          13.130
                  EVANSVILLE, IN 47712               First                  07/01/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  181     Page Balance:   $495,232.70    Generated By: Dmenegus
<PAGE>   184
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7090440         GOMEZ                              One to Four Family     360              92,000.00          790.42
                  4845  NORTH SPRINGFIELD            Owner Occupied          80.00           91,826.22           9.750
                  CHICAGO, IL 60625                  First                  08/01/2027      118,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090455         HARDY                              One to Four Family     180              29,250.00          401.90
                  11326  TERRY                       Owner Occupied          65.00           29,017.31          14.630
                  DETROIT, MI 48227                  First                  07/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090457         HARRIS                             One to Four Family     180              37,100.00          424.60
                  5990  OLDTOWN                      Owner Occupied          70.00           36,689.20          11.130
                  DETROIT, MI 48224                  First                  07/01/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090483         JENKINS                            One to Four Family     360             159,920.00        1,388.67
                  1202  NUWOOD DRIVE                 Owner Occupied          80.00          159,551.33           9.880
                  BALTIMORE, MD 21228                First                  07/01/2027      200,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090490         JORDAN                             One to Four Family     180              22,400.00          268.84
                  816  SOUTH WATER STREET            Owner Occupied          80.00           22,171.27          12.000
                  GRAYVILLE, IL 62844                First                  07/01/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090540         MILES                              One to Four Family     180              18,750.00          176.80
                  2531  CONCORD                      Owner Occupied          75.00           18,722.11          10.880
                  DETROIT, MI 48214                  First                  08/01/2012       25,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7090570         PALMER                             One to Four Family     360              25,350.00          295.36
                  3747  9TH                          Owner Occupied          65.00           25,256.92          13.750
                  ECORSE, MI 48229                   First                  08/01/2027       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090578         PEAK                               One to Four Family     360              64,000.00          597.43
                  5704  SHERWOOD                     Owner Occupied          49.23           63,897.04          10.750
                  OXFORD, MI 48371                   First                  08/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090599         RASCHKE                            One to Four Family     360              86,800.00          753.73
                  15780  KINGSLEY                    Owner Occupied          80.00           86,599.90           9.880
                  SOUTHGATE, MI 48195                First                  07/01/2027      109,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090607         ROBINSON                           One to Four Family     180              41,300.00          466.18
                  12736  MEMORIAL                    Owner Occupied          70.00           40,735.96          10.880
                  DETROIT, MI 48238                  First                  07/01/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090705         WILLIAMS                           One to Four Family     180              22,950.00          255.47
                  18666  KELLY ROAD                  Owner Occupied          85.00           22,738.23          10.630
                  DETROIT, MI 48224                  First                  08/01/2012       27,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7110222         TITUS                              One to Four Family     180              14,000.00          159.04
                  11980  ARLIGNTON MILL ROAD         Owner Occupied          10.53           13,969.18          10.990
                  UNION BRIDGE, MD 21791             Second                 10/20/2012      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  182     Page Balance:   $611,174.67    Generated By: Dmenegus
<PAGE>   185
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110225         BLAKES                             One to Four Family     360              65,250.00          609.10
                  8240  S WOLCOTT                    Owner Occupied          75.00           65,175.63          10.750
                  CHICAGO, IL 60620                  First                  08/04/2027       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110101         HOLLAND                            One to Four Family     180              16,800.00          153.05
                  127  W. KOELN                      Owner Occupied          64.62           16,772.64          10.450
                  ST LOUIS, MO 63111                 First                  07/17/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110102         LONG                               One to Four Family     180              41,300.00          505.74
                  2410  SEA GULL LANE                Owner Occupied          70.00           41,272.43          14.500
                  COLUMBIA, SC 29203                 First                  07/25/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110103         RHYNE                              One to Four Family     180              56,000.00          608.55
                  2209  JULIA AVENUE                 Owner Occupied          80.00           55,972.76          12.750
                  CHARLOTTE, NC 28206                First                  09/02/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110104         DAVIS                              One to Four Family     240              47,600.00          448.37
                  1204  REESE ROAD                   Owner Occupied          85.00           47,396.72           9.650
                  EASTOVER, SC 29044                 First                  08/26/2017       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110105         BOND                               One to Four Family     180              11,200.00          126.60
                  3902  FAIRALL DRIVE                Owner Occupied          34.46           11,150.04          10.900
                  GREENSBORO, NC 27401               First                  09/17/2012       32,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110106         LESTER                             One to Four Family     180             102,510.00        1,070.24
                  203  FRANK STREET                  Owner Occupied          90.00          102,214.99          12.200
                  EASLEY, SC 29642                   First                  06/30/2012      116,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110113         PALLOTO                            One to Four Family     180             108,500.00          951.36
                  85  H AND PLEASURE AVENU           Owner Occupied          70.00          108,233.01           9.990
                  SEA ISLAND CITY, NJ 08243          First                  09/08/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110116         SWEET                              One to Four Family     180              64,000.00          595.02
                  4725  WALLACE ROAD                 Owner Occupied          60.95           63,926.27          10.700
                  OXFORD, OH 45056                   First                  08/25/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110117         CAESAR SR.                         One to Four Family     180              24,500.00          275.81
                  1205  POPLAR GROVE                 Owner Occupied          61.25           24,483.92          13.250
                  BALTIMORE, MD 21215                First                  08/12/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110118         JOHNSON                            One to Four Family     240              70,000.00          673.20
                  3455  WEST ROCKTON                 Owner Occupied          56.00           69,719.20           9.950
                  ROCKTON, IL 61072                  First                  08/19/2017      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110122         SCHARF                             One to Four Family     180              48,000.00          389.68
                  109  W. EVELYN AVENUE              Owner Occupied          80.00           47,922.38           9.100
                  LOUISVILLE, KY 40214               First                  07/18/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                183      Page Balance:   $654,239.99    Generated By: Dmenegus
<PAGE>   186
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110123         SMITH                              One to Four Family     180              18,750.00          205.52
                  1059  DUKE AVENUE                  Owner Occupied          75.00           18,572.48          10.350
                  MANSFIELD, OH 44905                First                  07/21/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110124         GOODE                              One to Four Family     180              56,250.00          624.44
                  634  WALL STREET                   Owner Occupied          75.00           56,224.08          13.050
                  COLUMBIA, SC 29169                 First                  09/16/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110128         WILLIAMS                           One to Four Family     180              71,400.00          637.16
                  2639  SCOTTWOOD AVE                Owner Occupied          70.00           71,339.21          10.200
                  TOLEDO, OH 43620                   First                  09/12/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110134         PATTERSON                          One to Four Family     180              43,125.00          391.26
                  1138  MIDWAY DRIVE                 Owner Occupied          75.00           43,107.48          10.400
                  GASTONIA, NC 28054                 First                  10/27/2012       57,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110142         GASTON                             One to Four Family     180              92,000.00          766.21
                  732  HARRIS BRIDGE ROAD            Owner Occupied          80.00           91,907.00           9.390
                  WOODRUFF, SC 29388                 First                  09/22/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110143         WORKMAN                            One to Four Family     180             100,500.00        1,067.71
                  421  BIG ISLAND ROAD               Owner Occupied          75.00          100,004.04           9.800
                  FOREST CITY, NC 28043              First                  10/01/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110146         WHITE JR                           One to Four Family     240              72,800.00          726.82
                  6488  LAUREL GREEN WAY             Owner Occupied          65.00           72,710.17          10.500
                  LIZELLA, GA 31052                  First                  10/06/2017      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110163         TRIM                               One to Four Family     180              30,000.00          285.70
                  2130  BEAUMONT STREET              Owner Occupied          80.00           29,320.38          11.000
                  GRAND PRAIRIE, TX 75051            First                  11/04/2012       37,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110174         JOHN                               One to Four Family     240              40,000.00          494.22
                  2724  NORTH TERRACE CIRCLE         Owner Occupied          16.67           39,968.78          13.890
                  MESA, AZ 85203                     First                  10/27/2017      240,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110175         WATSON                             One to Four Family     180              34,000.00          344.50
                  416  SOCK HILL ROAD                Owner Occupied          80.00           33,989.82          11.800
                  ENGLEWOOD, TN 37329                First                  10/21/2012       42,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110177         TURNER                             One to Four Family     180             158,400.00        1,360.90
                  2681  SOUTH KENTON COURT           Owner Occupied          80.00          158,326.09           9.750
                  AURORA, CO 80014                   First                  10/20/2012      198,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110182         MCGEE                              One to Four Family     180              18,750.00          198.06
                  12634  BROWN BRIDGE ROAD           Owner Occupied          25.00           18,703.50           9.700
                  COVINGTON, GA 30209                First                  10/30/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  184    Page Balance:   $734,173.03    Generated By:  Dmenegus
<PAGE>   187
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
MC7110191         DANGO                              One to Four Family     180              88,000.00          811.56
                  6  JONES AVENUE                    Owner Occupied          80.00           87,931.24          10.600
                  WALBURN, MA 01801                  First                  09/30/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110192         FILTER                             One to Four Family     180              63,000.00          597.58
                  1248  GENTRY MEMORIAL HIGH         Owner Occupied          90.00           62,901.96          10.950
                  EASLEY, SC 29642                   First                  09/30/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110195         WHITE                              One to Four Family     180              40,875.00          513.14
                  237  Wardlaw Avenue                Owner Occupied          75.00           40,799.56          12.850
                  Spartanburg, SC 29302              First                  11/01/2012       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110196         EBUWEI                             One to Four Family     360              29,250.00          286.32
                  2706  East Jefferson Stree         Owner Occupied          65.00           29,240.34          11.350
                  Baltimore, MD 21202                First                  09/19/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110197         DIXON                              One to Four Family     180              33,750.00          345.86
                  418  East 21st Street              Owner Occupied          75.00           33,740.23          11.950
                  Kannabolis, NC 28083               First                  10/28/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110212         PARGAS                             One to Four Family     180             108,500.00          988.44
                  2229  MUNIZ ROAD SW                Owner Occupied          83.46          108,456.41          10.450
                  ALBUQUERQUE, NM 87105              First                  10/03/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110214         BROWN                              One to Four Family     180              93,500.00          823.99
                  4809  GREEN BRANCH STREET          Owner Occupied          85.00           93,417.80          10.050
                  PARTLOW, VA 22534                  First                  09/29/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110219         CONNOR                             One to Four Family     180              36,000.00          387.01
                  218  OREGON STREET                 Owner Occupied          80.00           35,909.99          12.600
                  CHARLOTTE, NC 28208                First                  09/29/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110229         PELTON                             One to Four Family     180              26,600.00          288.29
                  3312  DODSON AVENUE                Owner Occupied          70.00           26,536.70          10.150
                  CHATTANOOGA, TN 37406              First                  10/30/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110232         RADI                               One to Four Family     180              96,000.00          899.75
                  12300  IVAN AVENUE                 Owner Occupied          80.00           95,927.68          10.800
                  N HUGO, MN 55038                   First                  09/29/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110235         WATSON                             One to Four Family     180              72,800.00          845.82
                  7381  DAYTON LIBERTY ROAD          Owner Occupied          80.00           72,490.09          11.400
                  DAYTON, OH 45418                   First                  10/01/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110240         JERNINGAN                          One to Four Family     180              38,000.00          369.08
                  206  WILLIS STREET                 Owner Occupied          80.00           37,947.96          11.250
                  SPARTA, TN 38583                   First                  11/05/2012       47,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  185    Page Balance:   $725,299.96    Generated By:  Dmenegus
<PAGE>   188
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110241         GUTIERREZ                          One to Four Family     180              64,000.00          597.43
                  1050  DRACO AVE SW                 Owner Occupied          80.00           63,973.33          10.750
                  ALBUQUERQUE, NM 87105              First                  10/22/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110244         SNYDER                             One to Four Family     120              28,500.00          392.43
                  D 3 BOX 398 G                      Owner Occupied          32.95           28,368.58          10.990
                  ALVERTON, PA 15612                 Second                 10/27/2007       86,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110245         ROWLAND                            One to Four Family     180              58,800.00          659.65
                  4972  GLENN LADGE ROAD             Owner Occupied          70.00           58,787.15          13.200
                  MENTOR, OH 44060                   First                  10/27/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110252         SCHMITZ                            One to Four Family     180              20,000.00          192.73
                  3919  21 N. 21ST STREET            Owner Occupied          80.00           19,962.17          11.150
                  ST LOUIS, MO 63069                 First                  07/16/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110255         ROBINSON                           One to Four Family     180              42,400.00          557.55
                  165  OAKLAND AVENUE                Owner Occupied          19.27           42,400.00          13.750
                  MOUNT VERNON, NY 10552             First                  11/04/2012      220,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7110261         RUTHERFORD                         One to Four Family     180              44,800.00          502.59
                  1823  EDEN ROAD                    Owner Occupied          70.00           44,790.20          13.200
                  HAMERSVILLE, OH 45730              First                  10/27/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110262         REECE                              One to Four Family     360              52,500.00          607.54
                  2637  HADDEN DRIVE                 Owner Occupied          70.00           52,489.65          13.650
                  ST. LOUIS, MO 63136                First                  10/29/2027       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110263         JONES                              One to Four Family     240              54,750.00          610.50
                  1329  S. PALMETTO AVRENUE          Owner Occupied          75.00           54,641.71          12.200
                  DENMARK, SC 29042                  First                  09/23/2017       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110264         BELFORD                            One to Four Family     300             200,000.00        1,838.59
                  110  POSSUM DRAW PLACE             Owner Occupied          80.00          199,853.08          10.150
                  WINDCHESTER, VA 22603              First                  10/28/2022      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110265         BLOOM                              One to Four Family     120              35,000.00          469.34
                  425  ASCOT LANE                    Owner Occupied          30.43           35,000.00          10.350
                  STREAMWOOD, IL 60107               Second                 11/03/2007      115,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7110269         BLACKBURN                          One to Four Family     240              44,000.00          418.80
                  4954  HIGHWAY 773                  Owner Occupied          79.28           44,000.00           9.800
                  POMARIA, SC 29126                  First                  10/14/2017       55,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110272         DANIELS JR.                        One to Four Family     180             191,250.00        2,084.53
                  11404  WAESCHE DRIVE               Owner Occupied          85.00          190,799.05          10.250
                  MITCHELLVILLE, MD 20721            First                  10/30/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  186    Page Balance:   $835,064.92    Generated By:  Dmenegus
<PAGE>   189
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110275         WHITE                              One to Four Family     360              31,500.00          289.32
                  2158  SUNCREST STREET              Owner Occupied          70.00           31,406.94          10.550
                  COLUMBUS, OH 43223                 First                  10/30/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110279         GRISWOULD                          One to Four Family     180              25,000.00          291.25
                  8329  BEACHWOOD PARK ROAD          Owner Occupied          15.63           25,000.00          11.450
                  PASADENA, MD 21122                 Second                 11/07/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110281         WHISTON                            One to Four Family     180              76,500.00          699.78
                  5608  S. BECK MILL ROAD            Owner Occupied          85.00           76,500.00          10.500
                  SALEM, IN 47167                    First                  11/04/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110282         BRYANT                             One to Four Family     120              26,400.00          356.23
                  183  COMPTON COURT                 Owner Occupied          60.00           26,148.44          10.500
                  VANCE, SC 29163                    First                  09/29/2007       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MB7110042         DI RIENZO                          One to Four Family     180             107,200.00        1,008.76
                  145  Peck Street                   Owner Occupied          80.00          107,200.00          10.850
                  Rehoboth, MA 02769                 First                  11/25/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110292         SMITH                              One to Four Family     180              45,000.00          578.01
                  82  PAUL HEIGHTS                   Owner Occupied          28.13           45,000.00          15.250
                  SOUTHINGTON, CT 06489              First                  11/05/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110294         SWETT                              One to Four Family     180             154,000.00        1,494.57
                  52  SCARANO DRIVE                  Owner Occupied          83.24          154,000.00          11.240
                  SOUTHINGTON, CT 06489              First                  11/10/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110298         ROCCO                              One to Four Family     180              43,400.00          403.50
                  1016  N. GOODMAN STREET            Owner Occupied          70.00           43,400.00          10.700
                  ROCHESTER, NY 14609                First                  12/01/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110303         CARIRE                             One to Four Family     360              54,000.00          555.04
                  105  FURMAN STREET                 Owner Occupied          75.00           53,984.51          11.990
                  SCHENECTADY, NY 12304              First                  11/01/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110306         WEISE                              One to Four Family     240              30,000.00          367.62
                  443  CLYMER CORRY ROAD             Owner Occupied          60.00           30,000.00          13.750
                  CLYMER, NY 14724                   First                  12/01/2017       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110309         KEARSING                           One to Four Family     180              52,500.00          519.90
                  134  BEACH ROAD                    Owner Occupied          70.00           52,500.00          11.500
                  CLIFTON PARK, NY 12065             First                  12/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110313         NEWKIRK                            One to Four Family     180              93,100.00        1,135.62
                  16  HORNS PARK ROAD                Owner Occupied          70.00           93,100.00          14.440
                  HYDE PARK, NY 12538                First                  12/01/2012      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  187    Page Balance:   $738,239.89    Generated By:  Dmenegus
<PAGE>   190
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
MC7110316         ROCCO                              One to Four Family     180              38,500.00          357.94
                  241  ORCHARD STREET                Owner Occupied          70.00           38,500.00          10.700
                  ROCHESTER, NY 14606                First                  12/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110317         DEAPPOLONIA                        One to Four Family     180              30,000.00          297.09
                  36  JACKSON STREET                 Owner Occupied          66.67           29,952.70          11.500
                  BINGHAMTON, NY 13903               First                  11/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110318         LAUGHLIN                           One to Four Family     180              42,250.00          442.74
                  2781  MAIN STREET                  Owner Occupied          65.00           42,238.56          12.250
                  NIAGARA FALLS, NY 14301            First                  11/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110319         NOBILE                             One to Four Family     180             123,404.00        1,060.23
                  426  TRUESDALE HILL DRIVE          Owner Occupied          80.00          123,346.42           9.750
                  LAKE GEORGE, NY 12845              First                  11/01/2012      158,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110330         GRAHN                              One to Four Family     360              97,750.00          930.16
                  419  GRAND STREET                  Owner Occupied          85.00           97,715.07          10.990
                  NEWBURGH, NY 12155                 First                  11/01/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110331         MYERS                              One to Four Family     360              69,600.00          662.29
                  37  MCDONNELL ST                   Owner Occupied          80.00           69,575.12          10.990
                  AMSTERDAM, NY 12010                First                  11/01/2027       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110333         JONES SR                           One to Four Family     180              56,000.00          489.37
                  96  SPICER HILL ROAD               Owner Occupied          80.00           56,000.00           9.950
                  HOOSICK FALLS, NY 12090            First                  12/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110336         FOLKS                              One to Four Family     180             177,600.00        1,861.06
                  724  EAST 219TH STREET             Owner Occupied          78.93          177,600.00          12.250
                  BRONX, NY 10467                    First                  11/05/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110337         BAISLEY                            One to Four Family     180              24,000.00          317.85
                  1885  RIDGE ROAD                   Owner Occupied          10.91           24,000.00          13.890
                  NORTH HAVEN, CT 06473              Second                 11/25/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110342         VOSS                               One to Four Family     180              72,000.00          804.35
                  1644  SUNSET AVENUE                Owner Occupied          80.00           72,000.00          13.140
                  UTICA, NY 13502                    First                  12/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110354         BOGDAN                             One to Four Family     240              25,000.00          277.89
                  132  WOPOWOG ROAD                  Owner Occupied          20.83           24,975.23          12.150
                  EAST HAMPTON, CT 06424             First                  11/01/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110499         O'KEEFE                            One to Four Family     180              72,800.00          598.91
                  1128  STANFORD ROAD                Owner Occupied          80.00           72,800.00           9.250
                  PITTSBURGH, PA 15212               First                  11/28/2012       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  188    Page Balance:   $828,703.10    Generated By:  Dmenegus
<PAGE>   191
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7090705         MURPHY                             One to Four Family     240              22,250.00          255.15
                  700  HANNAH STREET                 Owner Occupied          32.72           22,250.00          12.650
                  HAMPTON, VA 23661                  Second                 11/25/2017       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100054         GILL                               One to Four Family     180              25,000.00          299.89
                  213  FLORIDA AVENUE, NW            Owner Occupied          19.69           25,000.00          11.990
                  WASHINGTON, DC 20001               Second                 11/24/2012      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100905         HARRIS                             One to Four Family     360              52,300.00          439.76
                  1330  BARNABY TERRACE, SOU         Owner Occupied          52.30           52,300.00           9.500
                  WASHINGTON, DC 20032               First                  11/28/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101313         WEILAND                            One to Four Family     180             108,000.00        1,144.26
                  616  WHITEHAVEN CRESCENT           Owner Occupied          72.97          108,000.00          12.000
                  CHESAPEAKE, VA 23325               First                  11/26/2012      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7111172         MOORE                              One to Four Family     360              27,000.00          274.41
                  4936  BELLEFONTAINE                Owner Occupied          75.00           27,000.00          11.840
                  KANSAS CITY, MO 64130              First                  11/21/2027       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115289         DIORIO                             One to Four Family     120              72,000.00        1,017.44
                  214  FOURTH STREET                 Owner Occupied          52.17           71,492.59          11.630
                  NORTH LINDENHURST, NY 11757        First                  10/14/2007      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115306         PAYLOR                             One to Four Family     180              30,000.00          338.63
                  2137  HOMEWOOD AVENUE              Owner Occupied          61.22           29,938.34          10.880
                  BALTIMORE, MD 21281                First                  10/07/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115318         WHITE                              One to Four Family     180              25,000.00          298.03
                  508  EAST SHORE TRAIL              Owner Occupied          14.71           24,713.00          11.880
                  BYRAM, NJ 07871                    Second                 10/10/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115362         OMOHUNDRO                          One to Four Family     240             120,000.00        1,290.07
                  5895  OAKLAND ROAD                 Owner Occupied          68.57          119,872.93          11.630
                  SYKESVILLE, MD 21784               First                  10/24/2017      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115482         ALLEN                              One to Four Family     180              16,250.00          164.03
                  630  WEST EUCLID AVE               Owner Occupied          65.00           16,240.12          11.750
                  SPRINGFIELD, OH 45506              First                  10/01/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115488         SENDO                              One to Four Family     180              74,625.00          753.28
                  34465  FAIRCHILD                   Owner Occupied          75.00           74,625.00          11.750
                  WESTLAND, MI 48186                 First                  12/01/2012       99,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115616         ZUPAN                              One to Four Family     360              36,400.00          330.25
                  5090  BRENDA DR                    Owner Occupied          70.00           36,400.00          10.400
                  PRESCOTT, MI 48756                 First                  12/01/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  189    Page Balance:   $607,831.98    Generated By:  Dmenegus
<PAGE>   192
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115617         ARCHAMBEAU                         One to Four Family     180              92,800.00          940.29
                  19299  109TH ST                    Owner Occupied          80.00           92,772.24          11.800
                  BIG LAKE, MN 55309                 First                  11/01/2012      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115619         BOSLEY                             One to Four Family     360              32,800.00          337.38
                  409  TAWAS ST                      Owner Occupied          80.00           32,790.00          12.000
                  EAST TAWAS, MI 48730               First                  11/01/2027       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115629         ROTONDI                            One to Four Family     360              82,500.00          976.87
                  148  BRIARWOOD RD                  Owner Occupied          64.45           82,469.71          13.990
                  LOWER TOWNSHIP, NJ 08204           First                  08/29/2027      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115648         ZABINSKI                           One to Four Family     360             186,400.00        1,761.06
                  3712  DEERWOOD COURT               Owner Occupied          80.00          186,332.07          10.900
                  ST CLOUD, MN 56301                 First                  11/01/2027      233,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115649         ROBINSON                           One to Four Family     360             108,000.00        1,156.83
                  420  AURORA AVE                    Owner Occupied          80.00          108,000.00          12.550
                  ST PAUL, MN 55103                  First                  12/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115709         PENDOLA                            One to Four Family     180             112,500.00        1,130.42
                  157  CHESTNUT STREET               Owner Occupied          75.00          112,500.00          11.690
                  EVERETT, MA 02149                  First                  11/13/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115757         BUKOWSKI                           One to Four Family     180              43,132.00          427.13
                  3746  MAIN ST                      Owner Occupied          86.26           43,104.31          11.500
                  COLLINS, NY 14035                  First                  09/30/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115759         HANIGAN                            One to Four Family     180              25,000.00          266.81
                  135  NORTH  11TH ST                Owner Occupied          56.82           24,993.61          12.500
                  NEW YORK, NY 14760                 First                  10/16/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115767         MACPHERSON                         One to Four Family     180              54,750.00          639.58
                  OUNTY HIGHWAY 48                   Owner Occupied          75.00           54,635.11          11.500
                  ONEONTA, NY 13825                  First                  10/21/2012       79,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115859         KREJMAS                            One to Four Family     180              89,600.00          819.61
                  337  FISKE ROAD                    Owner Occupied          79.29           89,564.39          10.500
                  HARDWICK, MA 01082                 First                  11/01/2012      113,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115918         SUGHRUE                            One to Four Family     360             110,400.00          944.46
                  24  PRATT STREET                   Owner Occupied          80.00          110,347.94           9.700
                  TEWKSBURY, MA 01876                First                  11/01/2027      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115931         BROWN                              One to Four Family     180              28,000.00          348.76
                  2958  FENNEL STREET                Owner Occupied          80.00           27,391.59          12.700
                  MOBILE, AL 36607                   First                  12/16/2011       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  190    Page Balance:   $964,900.97    Generated By:  Dmenegus
<PAGE>   193
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115935         MANFRA                             One to Four Family     360              39,525.00          395.94
                  32  GENERAL PATTON DRIVE           Owner Occupied          85.00           39,351.11          11.650
                  HYANNIS, MA 02601                  First                  12/01/2026       46,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115940         SUMMERS                            One to Four Family     240              20,000.00          199.00
                  T 2 BOX 296                        Owner Occupied          50.00           19,414.40          10.450
                  HONORAVILLE, AL 36042              First                  12/01/2016       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115943         BROADWAY                           One to Four Family     240              35,000.00          376.87
                  241  KEITH STREET                  Owner Occupied          67.96           34,962.92          11.650
                  TROY, AL 36081                     First                  10/24/2017       51,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115945         GRAHAM                             One to Four Family     240              35,000.00          330.83
                  14  14 1/2 GIRARD STREET           Owner Occupied          70.00           34,952.09           9.700
                  SPRINGFIELD, MA 01109              First                  11/01/2017       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115947         LEATHERS                           One to Four Family     360              72,000.00          626.54
                  1427  BRIARWOOD DRIVE SE           Owner Occupied          80.00           71,967.46           9.900
                  CULLMAN, AL 35055                  First                  10/27/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115950         PEARSALL                           One to Four Family     180              30,000.00          350.46
                  1412  8TH AVENUE                   Owner Occupied          53.57           29,937.10          11.510
                  DECATUR, AL 35611                  First                  10/20/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115994         MOLTKE                             One to Four Family     360              95,000.00          919.10
                  181  SOUTH HIGHLAND AVE            Owner Occupied          54.29           94,967.57          11.200
                  PEARL RIVER, NY 10965              First                  11/01/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116003         SMITH                              One to Four Family     360             178,800.00        1,837.78
                  7201  S CAMPBELL                   Owner Occupied          89.98          178,637.54          11.990
                  CJICAGO, IL 60629                  First                  07/30/2027      198,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116006         WAGNER                             One to Four Family     360             114,750.00        1,058.25
                  2507  HIGHWOOD                     Owner Occupied          85.00          114,750.00          10.600
                  MCHENRY, IL 60050                  First                  11/13/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116016         CANTWELL                           One to Four Family     360             121,500.00        1,287.30
                  2617  FORESTWOOD DRIVE             Owner Occupied          90.00          121,468.20          12.400
                  FORESTWOOD, IL 60050               First                  11/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116025         SAWDON                             One to Four Family     360              50,000.00          533.63
                  58965  MAIN STREET                 Owner Occupied          76.92           49,987.20          12.500
                  NEW HAVEN, MI 48048                First                  11/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116026         SIMPSON                            One to Four Family     360             205,000.00        2,108.66
                  1415  ECHO LANE                    Owner Occupied          53.95          205,000.00          12.000
                  BLOOMFIELD HILLS, MI 48302         First                  12/01/2027      380,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  191    Page Balance:   $995,395.59    Generated By:  Dmenegus
<PAGE>   194
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7116027         STUDT SR                           One to Four Family     360              40,000.00          394.59
                  5327  REBER PLACE                  Owner Occupied          80.00           39,947.56          11.450
                  ST LOUIS, MO 63139                 First                  10/01/2027       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116029         TAYLOR                             One to Four Family     360              17,000.00          193.38
                  15774  ROBSON AVENUE               Owner Occupied          36.17           16,996.45          13.400
                  DETROIT, MI 48227                  First                  11/01/2027       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
CB7110305         BOYD                               One to Four Family     180              26,975.00          291.53
                  11  ASH STREET                     Owner Occupied          65.00           26,975.00          10.100
                  MT. VERNON, OH 43050               First                  12/01/2012       41,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100302         BATES                              One to Four Family     180              37,500.00          450.07
                  803  ALBANY STREET                 Owner Occupied          75.00           37,500.00          12.000
                  CHATTANOOGA, TN 37405              First                  11/25/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090286         ABBOTT                             One to Four Family     360             101,600.00          882.25
                  13251  CHIPPEWA                    Owner Occupied          80.00          101,413.46           9.880
                  WARREN, MI 48093                   First                  08/01/2027      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090328         BRADFORD                           One to Four Family     180              27,300.00          337.03
                  354  356 PHILIP                    Owner Occupied          65.00           27,287.14          14.630
                  DETROIT, MI 48215                  First                  08/01/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090645         SPEED                              One to Four Family     360             164,000.00        1,409.01
                  149  E CENTRAL AVENUE              Owner Occupied          80.00          163,690.21           9.750
                  MAYWOOD, NJ 07607                  First                  08/01/2027      206,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7090695         WETZEL                             One to Four Family     360              66,400.00          570.48
                  26665  EUREKA                      Owner Occupied          80.00           66,306.30           9.750
                  TAYLOR, MI 48180                   First                  09/01/2027       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100912         COLEMAN                            One to Four Family     144              18,100.00          251.61
                  T 1 BOX 164                        Owner Occupied          39.35           17,943.01          13.250
                  OAK HILL, WV 25901                 First                  09/01/2009       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100915         KHAN                               One to Four Family     360             146,200.00        1,406.13
                  4504  SILVER PEAK PARKWAY          Owner Occupied          74.98          145,994.84          11.130
                  SUWANEE, GA 30174                  First                  08/01/2027      197,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100917         LEE                                One to Four Family     180              10,800.00          142.02
                  79  FULTON STREET                  Owner Occupied          37.24           10,763.25          13.750
                  AKRON, OH 44305                    First                  09/01/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110402         DEFRANCISCO                        One to Four Family     180              13,750.00          148.60
                  5221  LAWNDALE                     Owner Occupied          55.00           13,717.13          10.100
                  DETROIT, MI 48210                  First                  11/01/2012       25,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  192    Page Balance:   $668,534.35    Generated By:  Dmenegus
<PAGE>   195
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7112504         SIRIANNI                           One to Four Family     180              60,500.00          619.99
                  4161  ABBOTT                       Owner Occupied          81.76           60,323.09          11.950
                  LINCOLN PARK, MI 48146             First                  10/28/2012       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110626         HEARD                              One to Four Family     360              42,000.00          458.05
                  867  EDISON                        Owner Occupied          70.00           41,989.95          12.800
                  DETROIT, MI 48202                  First                  11/01/2027       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110289         ROBINSON                           One to Four Family     180             120,600.00        1,194.29
                  204  ARTHUR AVENUE                 Owner Occupied          90.00          120,272.38          11.500
                  WATERFORD WORKS, NJ 08089          First                  11/01/2012      134,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110299         ROCCO                              One to Four Family     180              30,100.00          279.85
                  168  CAMERON STREET                Owner Occupied          70.00           30,100.00          10.700
                  MONROE, NY 14606                   First                  12/01/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110355         LAFRAMBOISE                        One to Four Family     180              89,000.00          881.36
                  D2 DUCK LAKE ROAD                  Owner Occupied          70.63           89,000.00          11.500
                  RED CREEK, NY 13143                First                  12/01/2012      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110363         DURGADIN                           One to Four Family     180              28,000.00          361.67
                  4117  DIGNEY AVENUE                Owner Occupied          12.44           28,000.00          13.400
                  BRONX, NY 10466                    Second                 11/21/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110364         KAHN                               One to Four Family     240              34,000.00          325.86
                  4  WAYFARING ROAD                  Owner Occupied          14.47           34,000.00           9.900
                  NORWALK, CT 06851                  Second                 11/26/2017      235,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110366         TOTH                               One to Four Family     180              71,200.00          746.10
                  24  TAYLOR ROAD                    Owner Occupied          80.00           71,200.00          12.250
                  DEERPARK, NY 12746                 First                  11/12/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110368         GORDON                             One to Four Family     180             144,000.00        1,609.83
                  415  SOUTH 3RD AVENUE              Owner Occupied          80.00          143,968.17          13.150
                  MT. VERNON, NY 10550               First                  10/29/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110372         HOCHBRUECKNER                      One to Four Family     180              26,250.00          280.16
                  LD RT 23                           Owner Occupied          72.92           26,250.00          12.500
                  HARPERSFIELD, NY 13786             First                  12/01/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
PB7110042         CASTELLI                           One to Four Family     180             131,300.00        1,937.52
                  2415  WILLOWBROOK RD.              Owner Occupied          65.32          131,300.00          14.500
                  PITTSBURGH, PA 15241               First                  11/17/2012      201,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7074570         STULL                              One to Four Family     180              35,000.00          310.39
                  740  BIERLY                        Owner Occupied          80.00           34,903.59          10.130
                  WALKERTON, IN 46574                First                  11/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  193    Page Balance:   $811,307.18    Generated By:  Dmenegus
<PAGE>   196
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7095967         EVANS                              One to Four Family     180              55,300.00          622.55
                  3404  DEWEY AVENUE                 Owner Occupied          70.00           55,300.00          13.250
                  OMAHA, NE 68131                    First                  11/03/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100165         CAMPBELL                           One to Four Family     180              90,000.00          856.41
                  10645  CHURCH ROAD                 Owner Occupied          90.00           89,935.18          10.990
                  OLIVE BRANCH, MS 38654             First                  10/01/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100175         DAVIS                              One to Four Family     180              25,550.00          343.38
                  2720  DELROSE DRIVE                Owner Occupied          70.00           25,544.10          15.990
                  KNOXVILLE, TN 37914                First                  10/01/2012       36,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100189         GRIBBLE                            One to Four Family     180              37,000.00          409.00
                  118  S. LAKESHORE DRIVE            Owner Occupied          78.72           36,828.75          10.500
                  TUNNEL HILL, GA 30755              First                  09/22/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100201         KRAFT                              One to Four Family     180              32,000.00          404.67
                  6115  HUNTER RD                    Owner Occupied          62.75           31,882.83          12.990
                  OOLTEWAH, TN 37363                 First                  09/03/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100211         MUSGROVE                           One to Four Family     180              48,450.00          550.38
                  47  CYPRESS STREET                 Owner Occupied          85.00           48,235.70          10.990
                  LUCEDALE, MS 39452                 First                  10/01/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100215         POWERS                             One to Four Family     180              22,400.00          283.06
                  204  W. DUNN STREET                Owner Occupied          80.00           22,393.46          14.990
                  ROCKWOOD, TN 37854                 First                  09/09/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100240         WALTERS                            One to Four Family     180              25,000.00          332.77
                  932  FOUNDERS ROAD                 Owner Occupied          34.72           24,916.90          13.990
                  LEXINGTON, SC 29073                First                  09/23/2012       72,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7100241         WALKER                             One to Four Family     180              89,600.00          920.95
                  252  CO. ROAD 587                  Owner Occupied          80.00           89,548.35          11.990
                  ENGLEWOOD, TN 37329                First                  09/08/2012      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100289         POSAS                              One to Four Family     180              33,600.00          365.13
                  8462  WIER                         Owner Occupied          70.00           33,583.65          12.750
                  HOUSTON, TX 77017                  First                  09/11/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102134         AGNES                              One to Four Family     360              80,000.00          815.20
                  CR 81, BOX 147A                    Owner Occupied          76.92           79,929.03          11.880
                  MORIARTY, NM 87035                 First                  09/01/2027      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102137         CORTEZ                             One to Four Family     360             152,000.00        1,390.40
                  13494  AMERICAN RANCH COURT        Owner Occupied          66.09          151,817.21          10.500
                  GRASS VALLEY, CA 95949             First                  09/01/2027      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  194    Page Balance:   $689,915.16    Generated By:  Dmenegus
<PAGE>   197
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7102147         KRUEGER                            One to Four Family     180              38,100.00          395.57
                  3034  MABEL COURT                  Owner Occupied          24.42           38,079.01          12.130
                  CLEVELAND, OH 44113                Second                 10/01/2012      156,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102207         MATTSON                            One to Four Family     180              31,500.00          327.05
                  2902  NE 252ND AVENUE              Owner Occupied          16.15           31,473.42          12.130
                  CAMAS, WA 98607                    Second                 09/01/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102210         NIELSEN                            One to Four Family     180              43,600.00          516.28
                  1361  CITRUS DRIVE                 Owner Occupied          21.80           43,420.40          11.750
                  LA HABRA, CA 90631                 Second                 10/01/2012      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105214         JOHNSON                            One to Four Family     180              44,000.00          479.31
                  108  MEADOWVIEW LANE               Owner Occupied          80.00           44,000.00          10.240
                  SODDY DAISY, TN 37379              First                  11/25/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105215         FIELDS                             One to Four Family     180              58,100.00          723.04
                  2723  ROY MCCOLLUM ROAD            Owner Occupied          70.00           58,100.00          14.750
                  LEWISBURG, TN 37091                First                  12/01/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105729         GREENWOOD                          One to Four Family     180              29,600.00          333.23
                  71035  FREDERICK STREET            Owner Occupied          74.00           29,600.00          13.250
                  FAIRBURY, NE 68352                 First                  11/25/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105740         MURRELL                            One to Four Family     180             113,600.00        1,017.97
                  2746  WILDWOOD ROAD                Owner Occupied          80.00          113,600.00          10.250
                  MARYVILLE, TN 37804                First                  11/10/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110043         BATTLE                             One to Four Family     180              25,000.00          288.09
                  1802  OLMSTEAD STREET              Owner Occupied          59.52           24,946.29          11.250
                  ROME, GA 30161                     First                  10/23/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110049         BOYD                               One to Four Family     180              38,250.00          458.82
                  2737  PINEBROOK DRIVE              Owner Occupied          85.00           38,173.36          11.990
                  JACKSON, MS 39212                  First                  10/28/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110054         BUSH                               One to Four Family     180              30,400.00          318.56
                  3511  5TH AVENUE                   Owner Occupied          80.00           30,340.58          12.250
                  CHATTANOOGA, TN 37404              First                  10/27/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110058         CLARK                              One to Four Family     240              28,200.00          320.19
                  2959  WOODSIDE DRIVE               Owner Occupied          75.00           28,173.33          12.490
                  JACKSON, MS 39209                  First                  10/17/2017       37,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110059         COBHAM                             One to Four Family     180              11,500.00          134.34
                  2629  BARAMORE OAKS LANE           Owner Occupied           7.32           11,475.87          11.500
                  MARIETTA, GA 30062                 Second                 10/08/2012      157,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  195    Page Balance:   $491,382.26    Generated By:  Dmenegus
<PAGE>   198
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>              <C>                <C>
TC7110061         CRAWFORD                           One to Four Family     180              32,130.00          330.25
                  2507  ELLIOT STREET                Owner Occupied          90.00           32,120.78          11.990
                  HUMBOLT, TN 38343                  First                  10/15/2012       35,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110065         DICKERSON                          One to Four Family     180              41,250.00          423.99
                  381  N. HIGHLAND                   Owner Occupied          75.00           41,238.17          11.990
                  JACKSON, TN 38301                  First                  10/16/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110066         DIXON                              One to Four Family     180              57,600.00          569.97
                  OUTE 6 BOX 531 BATTL               Owner Occupied          80.00           57,544.11          11.490
                  MACON, GA 31217                    First                  10/06/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110067         DIVINITY                           One to Four Family     180              39,000.00          431.11
                  125  MAPLE RIDGE STREET            Owner Occupied          75.00           38,982.04          12.990
                  JACKSON, MS 39212                  First                  10/01/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110068         DODD                               One to Four Family     240              62,050.00          682.79
                  13739  JONES GAP ROAD              Owner Occupied          68.94           61,987.19          11.990
                  SODDY DAISY, TN 37373              First                  10/27/2017       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110078         GLEASON                            One to Four Family     180              79,169.00          784.00
                  1262  ABSHER BRANCH RD             Owner Occupied          86.05           79,143.70          11.500
                  WESTMORELAND, TN 37186             First                  10/06/2012       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110079         GORDON                             One to Four Family     180              31,200.00          406.76
                  2306  N. BRIAR LANE                Owner Occupied          57.25           31,195.98          15.490
                  CHATTANOOGA, TN 37406              First                  10/07/2012       54,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110082         GUEGOLD                            One to Four Family     180              48,450.00          461.03
                  300  INDIANA AVENUE                Owner Occupied          85.00           48,432.69          10.990
                  ETOWAH, TN 37931                   First                  10/27/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110084         HAMPTON                            One to Four Family     180              34,400.00          407.34
                  1063  N. MAMIE STREET              Owner Occupied          80.00           34,329.49          11.750
                  COOLRIDGE, GA 31738                First                  10/06/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110087         HILL                               One to Four Family     180              42,750.00          423.02
                  5909  GETTYSBURG DRIVE             Owner Occupied          90.00           42,736.31          11.490
                  HARRISON, TN 37341                 First                  10/10/2012       58,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110089         HOFFMAN                            One to Four Family     180              45,000.00          445.29
                  2101  BALL STREET                  Owner Occupied          90.00           44,971.04          11.490
                  CLEVELAND, TN 37323                First                  10/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110090         HUDSON                             One to Four Family     180              26,000.00          237.83
                  14  EVERETT                        Owner Occupied          78.79           25,989.67          10.500
                  JACKSON, TN 38301                  First                  10/14/2012       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  196    Page Balance:   $538,671.17    Generated By:  Dmenegus
<PAGE>   199
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110092         HUDSON                             One to Four Family     180              19,000.00          240.27
                  316  LEXINGTON                     Owner Occupied          64.41           18,965.41          12.990
                  JACKSON, TN 38301                  First                  10/21/2012       29,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110095         JACKSON                            One to Four Family     180              58,650.00          625.49
                  1909  DIRK DRIVE                   Owner Occupied          85.00           58,634.96          12.490
                  MACON, GA 31201                    First                  11/01/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110096         JELKS, JR.                         One to Four Family     180              40,500.00          460.07
                  1300  PATTON STREET                Owner Occupied          90.00           40,320.87          10.990
                  HUMBOLDT, TN 38343                 First                  09/02/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110098         KENNEDY                            One to Four Family     180              39,000.00          400.86
                  2174  NEW HOPE ROAD                Owner Occupied          37.50           38,988.82          11.990
                  CELINA, TN 38551                   First                  11/01/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110100         LEGGETT                            One to Four Family     180              38,500.00          395.72
                  3223  W 35TH STREET                Owner Occupied          70.00           38,488.68          11.990
                  CLEVELAND, OH 44105                First                  10/24/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110101         LEWIS                              One to Four Family     180              99,000.00          898.20
                  3782  OXFORD DRIVE                 Owner Occupied          90.00           98,959.80          10.400
                  MACON, GA 31204                    First                  10/14/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110106         MCCARTER                           One to Four Family     180              62,900.00          551.53
                  4200  ROYALVIEW                    Owner Occupied          89.99           62,872.11           9.990
                  KNOXVILLE, TN 37921                First                  10/23/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110107         MCDOWELL                           One to Four Family     180              19,379.00          226.26
                  2426  ELLA DRIVE SE                Owner Occupied          27.88           19,338.44          11.490
                  CLEVELAND, TN 37323                Second                 10/10/2012       69,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110116         NEWMAN                             One to Four Family     180              48,000.00          545.27
                  1281  WOODLAWN, ROAD               Owner Occupied          80.00           47,894.33          10.990
                  BRIGHTON, TN 38011                 First                  11/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110118         PALERMO                            One to Four Family     240              54,000.00          520.75
                  17016  DOMIANO LANE                Owner Occupied          90.00           53,928.80           9.990
                  HAMMOND, LA 70401                  First                  10/07/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110120         PARKER                             One to Four Family     180             127,800.00        1,216.10
                  OT 1 HUNTER DRIVE                  Owner Occupied          90.00          127,708.25          10.990
                  LAFAYETTE, GA 30707                First                  09/09/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110122         PLEDGE                             One to Four Family     180              35,600.00          407.49
                  124  WEST KING                     Owner Occupied          80.00           35,592.71          13.490
                  JACKSON, TN 38301                  First                  10/17/2012       44,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  197    Page Balance:   $641,693.18    Generated By:  Dmenegus
<PAGE>   200
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110128         ROBERTSON                          One to Four Family     240              72,800.00          776.36
                  20545  JOINER RD.                  Owner Occupied          80.00           72,721.31          11.500
                  HAMMOND, LA 70403                  First                  10/14/2017       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110129         REED                               One to Four Family     180              39,500.00          486.85
                  204  WORTHINGTON DRIVE             Owner Occupied          18.12           39,424.61          12.500
                  KINGSPORT, TN 37663                Second                 11/01/2012      218,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110130         RONCALLO                           One to Four Family     180              51,000.00          611.76
                  106  BETH CIRCLE                   Owner Occupied          85.00           50,897.58          11.990
                  HATTIESBURG, MS 39402              First                  11/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110131         SAMUELS                            One to Four Family     180              46,750.00          480.52
                  2662  SUWANNEE AVE.                Owner Occupied          85.00           46,735.11          11.990
                  MACON, GA 31204                    First                  11/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110138         SHUGART                            One to Four Family     180              46,750.00          444.86
                  1520  OHIO AVENUE                  Owner Occupied          85.00           46,733.29          10.990
                  ETOWAH, TN 37331                   First                  10/28/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110141         SMITH                              One to Four Family     180              40,500.00          385.38
                  325  REDWOOD AVENUE                Owner Occupied          90.00           40,485.53          10.990
                  JACKSON, MS 39209                  First                  10/27/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110143         SPIDELL                            One to Four Family     240              20,000.00          234.17
                  819  AYCOCK STREET                 Owner Occupied          57.14           19,982.33          12.990
                  CARROLLTON, GA 30117               First                  11/01/2017       35,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110146         TOOLE  JR.                         One to Four Family     180              49,600.00          509.81
                  2139  ANDREWS CR.                  Owner Occupied          80.00           49,585.78          11.990
                  AIKEN, SC 29803                    First                  10/20/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110147         TOTS                               One to Four Family     240              37,600.00          426.92
                  111  COUNTRY CLUB DRIVE            Owner Occupied          80.00           37,564.43          12.490
                  JACKSON, MS 39209                  First                  10/10/2017       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110179         JENNINGS                           One to Four Family     360              75,000.00          660.95
                  2405  MONTEREY ROAD                Owner Occupied          66.96           74,722.07          10.050
                  KNOXVILLE, TN 37912                First                  09/01/2027      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110206         MEYER                              One to Four Family     180              67,000.00          725.48
                  6360  RUTTMAN COURT                Owner Occupied          57.26           66,817.51          12.700
                  SAGINAW, MI 48603                  First                  10/01/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110435         FELDER                             One to Four Family     240             103,200.00        1,135.60
                  3959  SHADOWBROOK PLACE            Owner Occupied          80.00          102,990.04          11.990
                  DECATUR, GA 30034                  First                  10/01/2017      129,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  198    Page Balance:   $648,659.59    Generated By:  Dmenegus
<PAGE>   201
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110553         HAHN                               One to Four Family     180              78,800.00          777.34
                  4038  WEST 5500 SOUTH              Owner Occupied          80.00           78,774.54          11.450
                  SALT LAKE CITY, UT 84118           First                  11/01/2012       98,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110555         MEIER                              One to Four Family     360             131,775.00        1,253.93
                  546  ROAD 3LE                      Owner Occupied          70.00          131,727.91          10.990
                  MEETEETSE, WY 82433                First                  11/01/2027      188,250.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110633         DIGGINS                            One to Four Family     180              33,600.00          345.61
                  2332  CATHERWOOD                   Owner Occupied          70.00           33,590.39          12.000
                  INDIANAPOLIS, IN 46260             First                  11/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110634         JILES                              One to Four Family     180              42,700.00          439.22
                  1331  E. BRADBURY                  Owner Occupied          70.00           42,687.78          12.000
                  INDIANAPOLIS, IN 46203             First                  11/01/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110636         SARGENT                            One to Four Family     180              42,000.00          456.41
                  1411  1415 S. ILLINOIS             Owner Occupied          70.00           41,989.84          12.750
                  INDIANAPOLIS, IN 46225             First                  11/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110940         ELLIOTT                            One to Four Family     180              31,250.00          400.54
                  5711  BUCK COURT                   Owner Occupied          12.76           31,194.51          13.250
                  WESTMONT, IL 60559                 Second                 10/09/2012      245,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110941         GRAHAM                             One to Four Family     180             122,250.00        1,271.61
                  7952  SOUTH CHAMPLAIN AVEN         Owner Occupied          75.00          122,182.00          12.150
                  CHICAGO, IL 60619                  First                  09/29/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110942         HARRIS                             One to Four Family     180             132,000.00        1,244.61
                  5318  SOUTH DREXEL AVENUE          Owner Occupied          80.00          131,853.60          10.880
                  CHICAGO, IL 60615                  First                  09/09/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110944         LUNDEEN                            One to Four Family     180              35,000.00          322.78
                  409  SOUTH RAYNOR AVE              Owner Occupied          33.65           34,945.20          10.600
                  CHANNAHON, IL 60436                First                  09/18/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110951         RICHMOND                           One to Four Family     180              48,200.00          412.34
                  8407  SOUTH PHILLIPS AVENU         Owner Occupied          58.78           48,154.37           9.700
                  CHICAGO, IL 60617                  First                  09/22/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110952         RILEY                              One to Four Family     180             128,768.00        1,111.05
                  22907  RIDGEWAY AVENUE             Owner Occupied          80.00          128,708.56           9.800
                  RICHTON PARK, IL 60471             First                  10/24/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110955         WASHINGTON                         One to Four Family     180              72,250.00          751.53
                  1029  SAMSON DRIVE                 Owner Occupied          85.00           72,209.80          12.150
                  UNIVERSITY PARK, IL 60466          First                  09/26/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  199    Page Balance:   $898,018.50    Generated By:  Dmenegus
<PAGE>   202
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110965         COMBS                              One to Four Family     360              76,800.00          819.66
                  8780  19TH STREET #327             Owner Occupied          60.00           76,740.41          12.500
                  ALTA LOMA, CA 91767                First                  09/01/2027      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110967         CROWDER                            One to Four Family     360              37,500.00          357.13
                  634  S. 56TH STREET                Owner Occupied          75.00           37,459.49          11.000
                  PHILADELPHIA, PA 19104             First                  09/01/2027       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110976         JONES                              One to Four Family     360              85,600.00          783.02
                  628  IONA DRIVE                    Owner Occupied          74.43           85,391.36          10.500
                  SAN DIEGO, CA 92114                First                  06/01/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110988         RESENDEZ                           One to Four Family     360              58,650.00          547.49
                  3066  HILL                         Owner Occupied          85.00           58,467.10          10.750
                  AUBURN HILLS, MI 48326             First                  09/01/2027       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110990         SETSODI                            One to Four Family     360              61,600.00          540.13
                  254  SW ROGUE RIVER AVENU          Owner Occupied          80.00           61,250.91           9.990
                  GRANTS PASS, OR 97526              First                  07/01/2027       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111048         BEAMAN                             One to Four Family     180              42,000.00          451.08
                  OUTE 4, BOX 504                    Owner Occupied          73.68           41,796.30           9.990
                  SNOW HILL, NC 28580                First                  08/20/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111058         DAWSON                             One to Four Family     360              90,000.00        1,065.68
                  456  WEST 45TH STREET              Owner Occupied          60.00           89,983.57          13.990
                  LOS ANGELES, CA 90037              First                  11/01/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111060         DOMINGUEZ                          One to Four Family     360              59,625.00          544.97
                  9070  NW 33RD AVENUE               Owner Occupied          65.52           59,601.25          10.490
                  MIAMI, FL 33147                    First                  11/01/2027       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111065         GILES                              One to Four Family     180              17,875.00          250.06
                  85  HIGHWAY 190                    Owner Occupied          65.00           17,848.23          14.990
                  TREZEVANT, TN 38258                First                  11/01/2012       27,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111066         GOMEZ                              One to Four Family     360              59,500.00          577.45
                  6230  & 6232 11TH STREET E         Owner Occupied          85.00           59,479.87          11.240
                  BRADENTON, FL 34203                First                  11/01/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111081         MATHURIN                           One to Four Family     360              42,000.00          443.92
                  1600  NW 43RD STREET               Owner Occupied          72.41           41,988.92          12.370
                  MIAMI, FL 33142                    First                  11/01/2027       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111089         NOLEN                              One to Four Family     360              32,300.00          335.23
                  5175  LEONARD ROAD                 Owner Occupied          53.39           32,291.00          12.120
                  MEMPHIS, TN 38109                  First                  11/01/2027       60,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  200    Page Balance:   $662,298.41    Generated By:  Dmenegus
<PAGE>   203
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111101         RESER                              One to Four Family     360              27,000.00          335.80
                  815  WALNUT STREET                 Owner Occupied          60.00           26,931.65          14.740
                  COLLINSVILLE, OK 74021             First                  11/01/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111114         WILLIAMS                           One to Four Family     360              28,800.00          296.02
                  1447  NORTH NOGALES AVENUE         Owner Occupied          80.00           28,791.74          11.990
                  TULSA, OK 74127                    First                  11/01/2027       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111121         BALDERAS                           One to Four Family     180              33,600.00          345.62
                  2718  WEBSTER                      Owner Occupied          80.00           33,590.38          12.000
                  SAN ANGELO, TX 76901               First                  10/30/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111133         FAUBION                            One to Four Family     180             155,650.00        1,782.84
                  14716  IRONDALE DRIVE              Owner Occupied          79.94          155,586.08          13.500
                  AUSTIN, TX 78717                   First                  09/30/2012      195,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111136         GALLEGOS                           One to Four Family     180              34,000.00          386.44
                  3312  NW 27TH STREET               Owner Occupied          85.00           33,461.98          11.000
                  FORT WORTH, TX 76106               First                  05/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111143         GOMEZ                              One to Four Family     180              23,850.00          263.64
                  913  EAST BIDDISON STREET          Owner Occupied          75.71           23,739.62          10.500
                  FORT WORTH, TX 76110               First                  09/26/2012       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111151         JUNGO                              One to Four Family     180              35,600.00          393.53
                  1217  WEST SPURGEON DTREET         Owner Occupied          80.00           35,517.97          10.500
                  FORT WORTH, TX 76115               First                  10/03/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111152         LEE                                One to Four Family     180              30,400.00          306.86
                  OUTE 5 BOX 422                     Owner Occupied          80.00           30,390.81          11.750
                  LOOGOOTEE, IN 47553                First                  10/21/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111167         ROGALINSKI                         One to Four Family     180             130,000.00        1,189.17
                  146  60TH AVENUE NORTHWES          Owner Occupied          76.02          129,948.33          10.500
                  ROCHESTER, MN 55901                First                  09/29/2012      171,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111237         JACQUES                            One to Four Family     360              98,000.00          859.30
                  766  N. KENSINGTON ROAD            Owner Occupied          34.39           97,956.55           9.990
                  LOS ANGELES, CA 90026              First                  11/01/2027      285,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111321         WYNN                               One to Four Family     180              26,775.00          265.16
                  8787  BRAES ACRES                  Owner Occupied          85.00           26,766.43          11.500
                  HOUSTON, TX 77074                  First                  10/14/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111473         MATTESON                           One to Four Family     360              85,600.00          913.57
                  1520  E. SUNNYSLOPE                Owner Occupied          80.00           85,600.00          12.500
                  PHOENIX, AZ 85020                  First                  11/06/2027      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  201    Page Balance:   $708,281.54    Generated By:  Dmenegus
<PAGE>   204
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111475         PELPHREY                           One to Four Family     180              56,100.00          516.95
                  787  FAIRWAY DRIVE                 Owner Occupied          60.98           56,055.97          10.590
                  CINCINNATI, OH 45245               First                  11/03/2012       92,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111476         RYAN                               One to Four Family     180              18,750.00          167.18
                  10786  QUIST AVENUE, NORTHW        Owner Occupied          75.00           18,750.00          10.190
                  SOUTHSIDE TOWNSHIP, MN 55429       First                  11/05/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111479         STUCKEL                            One to Four Family     180              46,800.00          459.89
                  27  NORTH 66TH AVENUE, W           Owner Occupied          80.00           46,800.00          11.400
                  DULUTH, MN 55807                   First                  11/06/2012       58,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111480         WEINTZ                             One to Four Family     180              69,000.00          752.51
                  5116  45TH AVENUE, S               Owner Occupied          75.00           69,000.00          12.800
                  MINNEAPOLIS, MN 55417              First                  11/04/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111599         AABRAMS                            One to Four Family     240              72,125.00          781.62
                  602  RIPPLING STREAM ROAD          Owner Occupied          75.92           72,125.00          11.750
                  DURHAM, NC 27704                   Second                 11/05/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111603         BARKER                             One to Four Family     180              34,400.00          429.60
                  2313  RUFFIN ROAD                  Owner Occupied          80.00           34,354.93          12.750
                  RICHMOND, VA 23234                 First                  10/20/2012       43,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111604         BARNHOUSE                          One to Four Family     180              42,500.00          537.45
                  608  CHURCH STREET                 Owner Occupied          85.00           42,500.00          12.990
                  KITZMILLER, MD 21538               First                  11/05/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111606         BAXTER                             One to Four Family     180              81,600.00          715.50
                  315  ELLIOTT ROAD                  Owner Occupied          80.00           81,563.82           9.990
                  FORT WALTON BEACH, FL 32548        First                  09/25/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111608         BERNHARD                           One to Four Family     180             138,465.00        1,292.54
                  812  59TH STREET NW                Owner Occupied          85.00          138,412.88          10.750
                  BRADENTON, FL 34209                First                  10/15/2012      171,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111618         BRAY                               One to Four Family     180              61,200.00          629.04
                  41  FAIRVIEW STREET                Owner Occupied          90.00           61,182.45          11.990
                  CARTERSVILLE, GA 30120             First                  08/25/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111621         BURKE                              One to Four Family     180              39,750.00          378.25
                  3804  FALLS ROAD                   Owner Occupied          75.00           39,735.79          10.990
                  MILLERS, MD 21211                  First                  10/26/2012       53,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111622         BYERS                              One to Four Family     180              54,400.00          517.65
                  703  SOUTH POPLAR                  Owner Occupied          80.00           54,390.12          10.990
                  BUCYRUS, OH 44820                  First                  10/10/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  202    Page Balance:   $714,870.96    Generated By:  Dmenegus
<PAGE>   205
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111624         BYROM                              One to Four Family     180              81,600.00          829.94
                  39  J. WALTER BYROM ROAD           Owner Occupied          80.00           81,600.00          11.850
                  SHARPSBURG, GA 30277               First                  10/15/2012      102,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111628         CARR                               One to Four Family     180              29,250.00          381.34
                  226  RICHLAND AVENUE               Owner Occupied          65.00           29,249.35          15.490
                  WAVERLY, TN 37185                  First                  09/10/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111637         DAVIS                              One to Four Family     180              56,000.00          522.75
                  2700  OLD US ROUTE 40              Owner Occupied          80.00           55,477.25          10.750
                  LONDON, OH 43140                   First                  10/20/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111641         DOWDY                              One to Four Family     180             114,400.00        1,428.67
                  9430  SHADY CREEK WAY              Owner Occupied          80.00          114,400.00          12.750
                  BALTIMORE, MD 21234                First                  11/05/2012      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111645         ERZEN                              One to Four Family     180             100,000.00        1,027.84
                  12185  SPIRNGDALE LAKE DRIV        Owner Occupied          80.00           99,971.33          11.990
                  CINCINNATI, OH 45246               First                  10/20/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111655         SHUMARD                            One to Four Family     180              44,232.00          523.76
                  4304  CARY STREET ROAD             Owner Occupied          21.90           44,064.22          11.750
                  RICHMOND, VA 23221                 Second                 10/25/2012      202,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111656         GIBSON                             One to Four Family     240              43,000.00          473.17
                  2551  HWY 34                       Owner Occupied          61.43           42,964.71          11.990
                  POMARIA, SC 29126                  First                  10/05/2017       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111660         HAMILTON                           One to Four Family     180              68,800.00          657.80
                  1741  BRANCH RIDGE DRIVE           Owner Occupied          80.00           68,751.24          11.050
                  GREENVILLE, NC 27834               First                  10/01/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111661         HARRELL                            One to Four Family     360              53,370.00          507.85
                  1115  GRADY STREET                 Owner Occupied          90.00           53,350.93          10.990
                  SALIBURY, NC 28144                 First                  11/01/2027       59,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111662         HARRISON                           One to Four Family     180              59,100.00          607.46
                  T 4 BOX 505                        Owner Occupied          60.00           59,083.05          11.990
                  NORTH TAZEWELL, VA 24530           First                  10/10/2012       98,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111665         HUGHES                             One to Four Family     180              63,700.00          694.30
                  15  MEDARY STREET                  Owner Occupied          66.35           63,700.00          10.250
                  WILMINGTON, DE 19804               First                  11/05/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111667         HUNTER                             One to Four Family     180              34,425.00          406.53
                  1109  SCOUT DRIVE                  Owner Occupied          75.00           34,418.66          13.950
                  DURHAM, NC 27707                   First                  10/05/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  203    Page Balance:   $747,030.74    Generated By: Dmenegus
<PAGE>   206
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111689         MCCLIONES                          One to Four Family     360              76,000.00          840.12
                  223  57TH STREET NE                Owner Occupied          80.00           76,000.00          12.990
                  WASHINGTON, DC 20019               First                  11/05/2027       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111693         MEIRING                            One to Four Family     180              32,000.00          373.62
                  185  HIBISCUS ROAD                 Owner Occupied          17.30           31,932.78          11.490
                  EDGEWATER, FL 32141                Second                 10/25/2012      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111710         PORTER                             One to Four Family     180              61,600.00          705.09
                  605  SAMUEL DRIVE                  Owner Occupied          80.00           61,600.00          13.490
                  SPRING LAKE, NC 28390              First                  11/05/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111712         PRIDE                              One to Four Family     180              52,000.00          566.77
                  4712  BANTON STREET                Owner Occupied          69.33           51,877.40          10.250
                  RICHMOND, VA 23234                 First                  11/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111715         RICHARDS                           One to Four Family     180              51,768.00          572.25
                  4104  HANOVER PIKE                 Owner Occupied          39.82           51,768.00          12.990
                  MANCHESTER, MD 21102               Second                 11/10/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111717         RIGGS                              One to Four Family     360              85,200.00          908.64
                  2279  SEVER ROAD                   Owner Occupied          80.00           85,200.00          12.490
                  LAWRENCEVILLE, GA 30243            First                  11/05/2027      106,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111738         TURNER                             One to Four Family     240              85,500.00          940.83
                  129  SCOTTOWN ROAD                 Owner Occupied          90.00           85,413.46          11.990
                  QUEENSTOWN, MD 21658               First                  11/01/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111739         VARNER                             One to Four Family     180              46,400.00          498.33
                  355  NEW HOPE CHURCH ROAD          Owner Occupied          80.00           46,287.95           9.990
                  JONESVILLE, SC 29353               First                  11/01/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111741         WELLS                              One to Four Family     180              52,000.00          582.89
                  674  WALKER STREET                 Owner Occupied          71.23           52,000.00          10.750
                  FAYETTEVILLE, NC 28311             First                  11/05/2012       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111742         WHITLOCK                           One to Four Family     180              38,350.00          484.61
                  219  ANDERSON DRIVE                Owner Occupied          65.00           38,338.82          14.990
                  SPARTANBURG, SC 29302              First                  10/01/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111743         WILHELM                            One to Four Family     180             105,600.00        1,232.94
                  1205  KUHN AVENUE                  Owner Occupied          80.00          105,600.00          11.490
                  HAGERSTOWN, MD 21740               First                  11/05/2012      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111746         WILLIAMS                           One to Four Family     180              88,000.00          939.19
                  1924  SOUTHRIDGE DRIVE             Owner Occupied          73.33           88,000.00          12.500
                  EDGEWOOD, MD 21040                 First                  11/05/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  204    Page Balance:   $774,018.41    Generated By:  Dmenegus
<PAGE>   207
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7112258         CHAMBERLAIN                        One to Four Family     180              78,650.00          748.41
                  3400  CORAL AVENUE                 Owner Occupied          79.85           78,621.89          10.990
                  MIMS, FL 32754                     First                  09/20/2012      109,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112259         CROSBY                             One to Four Family     360              35,760.00          367.56
                  1080  NEWBERG AVENUE               Owner Occupied          80.00           35,699.96          11.990
                  MACON, GA 31206                    First                  10/01/2027       44,700.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112261         JEFFRIE                            One to Four Family     180             109,600.00        1,191.02
                  10998  CLEARWATER DRIVE            Owner Occupied          80.00          109,600.00          12.750
                  HAMPTON, GA 30228                  First                  11/05/2012      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112263         NORRED                             One to Four Family     180              41,600.00          395.85
                  195  POPLAR CIRCLE                 Owner Occupied          80.00           41,600.00          10.990
                  LAGRANGE, GA 30240                 First                  10/10/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112317         CLAVON                             One to Four Family     180              21,000.00          211.82
                  14043  KENTFIELD                   Owner Occupied          70.00           20,993.63          11.740
                  DETROIT, MI 48223                  First                  11/01/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112360         BAYNUM                             One to Four Family     180              51,000.00          554.21
                  867  RIDGEDALE DR                  Owner Occupied          60.00           50,961.88          12.750
                  HEBRON, KY 41048                   First                  10/30/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112361         BOLEJACK                           One to Four Family     180              72,000.00          845.68
                  2115  SANDY RIDGE RD               Owner Occupied          80.00           71,850.32          11.600
                  COLFAX, NC 27235                   First                  10/24/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112364         BRANCH                             One to Four Family     180              66,000.00          758.46
                  307  ROSE AVE                      Owner Occupied          79.52           66,000.00          11.200
                  ALCOA, TN 33701                    First                  11/05/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112365         BROWNING                           One to Four Family     180              55,300.00          725.34
                  159  BRYSON CIRCLE                 Owner Occupied          67.44           55,300.00          13.700
                  RINGGOLD, GA 30786                 First                  11/06/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112366         BRYANT                             One to Four Family     180              25,900.00          259.45
                  306  CURRIE ST                     Owner Occupied          70.00           25,891.45          11.650
                  FAYETTEVILLE, NC 28314             First                  10/27/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112368         CAMPBELL                           One to Four Family     180              12,150.00          157.75
                  1504  PITTSBURG CT                 Owner Occupied          15.00           12,128.94          13.500
                  WINSTON SALEM, NC 27105            First                  10/28/2012       81,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112528         ABICHE                             One to Four Family     360              50,000.00          490.20
                  635  SW 64TH COURT                 Owner Occupied          51.02           49,983.55          11.370
                  MIAMI, FL 33144                    First                  11/01/2027       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  205    Page Balance:   $618,631.62    Generated By:  Dmenegus
<PAGE>   208
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7112537         BLACK                              One to Four Family     180             115,000.00        1,149.38
                  335  MYRTLE STREET                 Owner Occupied          89.84          114,964.20          11.620
                  SANFORD, FL 32773                  First                  11/01/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112539         BRADY                              One to Four Family     360              36,800.00          374.86
                  2212  EAST LAKE WASHINGTON         Owner Occupied          80.00           36,789.01          11.870
                  CHATHAM, MS 38731                  First                  11/01/2027       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112543         BRUMFIELD                          One to Four Family     360              63,750.00          667.55
                  3101  NW 83RD ST                   Owner Occupied          85.00           63,732.70          12.240
                  MIAMI, FL 33147                    First                  11/01/2027       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112547         CHALLENDER                         One to Four Family     360              81,600.00          791.93
                  27151  JACKSON AVENUE              Owner Occupied          85.00           81,572.39          11.240
                  BONITA SPRINGS, FL 34135           First                  11/01/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112569         GEORGE                             One to Four Family     360              67,600.00          637.14
                  43  SCENERY LANE                   Owner Occupied          80.00           67,600.00          10.870
                  JOHNSTON, RI 02919                 First                  12/01/2027       84,500.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7112583         HOLT                               One to Four Family     180              34,875.00          388.11
                  4351  MELWOOD ST                   Owner Occupied          75.00           34,795.53          10.620
                  MEMPHIS, TN 38109                  First                  11/01/2012       46,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112619         RASDAL                             One to Four Family     360              20,400.00          194.12
                  2408  HOMEDALE ROAD                Owner Occupied          40.00           20,392.70          10.990
                  KLAMATH FALLS, OR 97603            First                  11/01/2027       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112622         ROSS                               One to Four Family     360              20,300.00          220.45
                  5029  INDIANA PLACE                Owner Occupied          67.67           20,295.07          12.740
                  GARY, IN 46409                     First                  11/01/2027       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112638         UTLEY                              One to Four Family     360              89,280.00          726.09
                  119  4TH AVENUE NORTHWEST          Owner Occupied          80.00           89,232.44           9.120
                  CLARION, IA 50525                  First                  11/01/2027      111,600.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112781         SMITH                              One to Four Family     180              38,500.00          396.02
                  5139  NORTHLAND AVE                Owner Occupied          70.00           38,477.85          12.000
                  SAINT LOUIS, MO 63113              First                  10/01/2012       55,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7112811         RAMMELSBERG                        One to Four Family     180              87,750.00          939.24
                  308  WEST HUBBARD                  Owner Occupied          75.00           87,727.75          12.540
                  COLUMBUS, OH 43215                 First                  10/17/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110337         HILL, III                          One to Four Family     180              54,400.00          468.98
                  3920  WILSHIRE BOULEVARD           Owner Occupied          64.00           54,400.00           9.790
                  WILMINGTON, NC 28403               First                  11/28/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  206    Page Balance:   $709,979.64    Generated By:  Dmenegus
<PAGE>   209
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7080949         MURPHY                             One to Four Family     180              12,500.00          158.16
                  12  PENSAUKEE AVE                  Owner Occupied          10.87           12,446.29          13.000
                  north providence, RI 02904         Second                 09/26/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115609         MCBRIDE                            One to Four Family     180             106,250.00          940.28
                  39  STONE DRIVE                    Owner Occupied          85.00          106,250.00          10.100
                  PASADENA, MD 21122                 First                  11/17/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115704         MINICOZZI                          One to Four Family     180              28,000.00          243.66
                  45  JEFFERSON ROAD BLDG            Owner Occupied          70.00           27,987.34           9.900
                  BRANFORD, CT 06471                 First                  10/24/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115816         EICHORN                            One to Four Family     180              32,200.00          376.16
                  2534  MILLVALLEY DR                Owner Occupied          38.33           32,200.00          11.500
                  florissant, MO 63031               Second                 11/05/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115818         FABER                              One to Four Family     180              45,500.00          499.77
                  6971  N WILLIAMS RD                Owner Occupied          30.33           45,500.00          12.900
                  ST JOHNS, MI 48879                 Second                 11/17/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115823         GRABOW                             One to Four Family     180              42,300.00          566.89
                  1617  15TH ST                      Owner Occupied          49.76           42,231.19          14.130
                  MONROE, WI 53566                   Second                 10/03/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115832         LAPORTE                            One to Four Family     120              50,500.00          688.52
                  151  FEDERAL ST                    Owner Occupied          34.83           50,025.64          10.750
                  BLACKSTONE, MA 01504               Second                 09/30/2007      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115835         MARSHALL                           One to Four Family     180              21,000.00          272.65
                  12593  MARIA CIR                   Owner Occupied          14.48           20,963.60          13.500
                  BROOMFIELD, CO 80020               Second                 11/01/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115841         MORIN JR                           One to Four Family     180              20,000.00          256.35
                  641  CHERRY FARM RD                Owner Occupied          15.38           20,000.00          13.250
                  BURRILLVILLE, RI 02830             Second                 11/05/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115872         FELTON                             One to Four Family     240              92,650.00          893.48
                  4343  W WASHINGTON                 Owner Occupied          84.23           92,650.00           9.990
                  CHICAGO, IL 60624                  First                  11/05/2017      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115874         HARRIS                             One to Four Family     240              20,000.00          263.21
                  6231  S MORGAN                     Owner Occupied          37.74           20,000.00          14.990
                  CHICAGO, IL 60621                  First                  11/13/2017       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115876         PALMER                             One to Four Family     180              36,000.00          431.83
                  4214  W IOWA                       Owner Occupied          40.00           35,927.87          11.990
                  CHICAGO, IL 60651                  Second                 10/17/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  207    Page Balance:   $506,181.93    Generated By:  Dmenegus
<PAGE>   210
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7115877         SMALLWOOD                          One to Four Family     120              12,000.00          179.10
                  535  E 92ND ST                     Owner Occupied          16.90           12,000.00          12.990
                  CHICAGO, IL 60619                  First                  11/18/2007       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115922         COLE                               One to Four Family     360              56,000.00          619.03
                  8735  S MARSHFIELD                 Owner Occupied          70.00           56,000.00          12.990
                  CHICAGO, IL 60620                  First                  11/21/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115924         MAGEE                              One to Four Family     180              81,000.00          920.64
                  303  S. 2ND AVE                    Owner Occupied          71.05           81,000.00          11.000
                  MAYWOOD, IL 60153                  First                  11/24/2012      114,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115926         SMITH                              One to Four Family     360              23,000.00          290.64
                  107  W 110TH PL                    Owner Occupied          28.75           23,000.00          14.990
                  CHICAGO, IL 60628                  First                  11/21/2027       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115927         WALLER                             One to Four Family     360              43,000.00          425.50
                  10733  S WABASH                    Owner Occupied          66.15           43,000.00          11.490
                  CHICAGO, IL 60628                  First                  11/21/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115938         SHORTMAN                           One to Four Family     180              39,500.00          512.84
                  541  GREENHAVEN ROAD               Owner Occupied          26.33           38,703.07          13.500
                  STONINGTON, CT 06379               Second                 12/09/2011      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115979         DIAZ                               One to Four Family     180              33,700.00          426.17
                  106  TERRACE AVE                   Owner Occupied          84.25           33,272.83          12.990
                  CAMDEN CITY, NJ 08105              First                  10/18/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115980         EDWARDS                            One to Four Family     300              76,800.00          697.35
                  15805  MISSOURI STREET             Owner Occupied          80.00           76,186.73           9.990
                  BOKEELIA, FL 33922                 First                  10/28/2022       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115990         LAROCCA                            One to Four Family     360              93,600.00          951.99
                  4760  LAZY RIVER DR                Owner Occupied          72.00           93,600.00          11.850
                  BLAIRESVILLE, GA 30512             First                  11/03/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115991         LENEA                              One to Four Family     180              81,300.00        1,014.77
                  28807  NORTH IVANHOE LANE          Owner Occupied          40.85           80,983.17          12.740
                  MUNDELEIN, IL 60060                Second                 09/22/2012      199,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115993         MIRELES                            One to Four Family     180              25,000.00          292.05
                  7615  N PEOTONE RD                 Owner Occupied          13.89           24,912.67          11.500
                  PEOTONE, IL 60468                  Second                 10/22/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7100032         PALMER                             One to Four Family     180              59,450.00          723.09
                  1303  DARNABY TERR. S.E.           Owner Occupied          61.93           59,333.80          12.250
                  WASHINGTON, VA 20032               Second                 10/16/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  208    Page Balance:   $621,992.27    Generated By:  Dmenegus
<PAGE>   211
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
ED7100030         PIAZZA                             One to Four Family     180              16,440.00          200.39
                  353  AUGUSTA AVENUE                Owner Occupied          10.54           16,407.98          12.290
                  ATLANTA, GA 30319                  Second                 10/29/2012      156,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100964         DALY                               One to Four Family     120              15,000.00          217.38
                  6800  NW 15TH STREET               Owner Occupied          13.39           14,805.27          12.250
                  PLANTATION, FL 33313               Second                 08/11/2007      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102412         MORGAN                             One to Four Family     180              15,500.00          205.90
                  6921  MAGDELENA DRIVE              Owner Occupied          21.53           15,474.29          13.950
                  JACKSONVILLE, FL 32210             Second                 09/23/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111497         AUGUSTUS                           One to Four Family     360              76,500.00          708.37
                  9327  S. MARQUETTE                 Owner Occupied          85.00           76,470.57          10.650
                  CHICAGO, IL 60617                  First                  11/01/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110438         CHUNN                              One to Four Family     180              36,000.00          384.66
                  523  NOTTINGHAM DRIVE              Owner Occupied          52.94           36,000.00           9.900
                  FAYETTEVILLE, NC 28311             First                  12/01/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110481         HOWARD                             One to Four Family     180              32,000.00          375.37
                  226  KURTZ AVENUE                  Owner Occupied          64.00           32,000.00          13.850
                  YORK, PA 17403                     First                  12/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7110603         MALLORY                            One to Four Family     360              30,000.00          244.64
                  7319  WALDMAN AVENUE               Owner Occupied          31.25           30,000.00           9.150
                  EDGEMERE, MD 21219                 First                  12/01/2027       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7070916         ANDERSON III                       One to Four Family     240              39,900.00          429.09
                  309  BLAIR AVENUE                  Owner Occupied          70.00           39,900.00          11.630
                  NEWPORT NEWS, VA 23607             First                  11/19/2017       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090223         LEE                                One to Four Family     180              31,200.00          427.94
                  .O. BOX 147                        Owner Occupied          65.00           31,200.00          14.590
                  WICOMICO CHURCH, VA 22579          First                  12/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090294         TURNER                             One to Four Family     180              33,000.00          380.07
                  5321  OLD HIGHWAY 86 NORTH         Owner Occupied          39.29           33,000.00          11.240
                  YANCYVILLE, NC 27319               First                  12/01/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7101528         PEREOS                             One to Four Family     180             154,000.00        1,443.35
                  4661  LARKWOOD DRIVE               Owner Occupied          70.00          154,000.00          10.800
                  VIRGINIA BEACH, VA 23464           First                  11/26/2012      220,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7111116         MORRIS                             One to Four Family     360              26,400.00          276.65
                  8731  ALICE                        Owner Occupied          73.33           26,400.00          12.250
                  KANSAS CITY, MO 64126              First                  12/01/2027       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  209    Page Balance:   $505,658.11    Generated By:  Dmenegus
<PAGE>   212
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7111231         BOSTON                             One to Four Family     120              12,000.00          168.99
                  5105  NORTH HARRISON AVENU         Owner Occupied          10.43           12,000.00          11.540
                  KANSAS CITY, MO 64116              Second                 11/24/2007      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115100         OLIVEIRA                           One to Four Family     180             137,250.00        1,301.88
                  R #2 BOX 463                       Owner Occupied          75.00          137,200.53          10.950
                  COGAN STATION, PA 17728            First                  11/01/2012      183,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115662         KANOUN                             One to Four Family     360              18,750.00          171.51
                  504  CORALWOOD                     Owner Occupied          14.42           18,696.48          10.500
                  MODESTE, CA 95356                  Second                 05/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115678         CHONG                              One to Four Family     240              39,000.00          406.54
                  144  ROOSEVELT AVENUE              Owner Occupied          25.41           38,955.84          11.150
                  STATEN ISLAND, NY 10314            Second                 10/30/2017      153,500.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115852         GEIGER                             One to Four Family     180              42,000.00          494.65
                  10311  NORTH WEST 44TH STRE        Owner Occupied          30.00           41,913.10          11.650
                  CORAL SPRINGS, FL 33065            First                  10/30/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115861         NOEL                               One to Four Family     360              72,325.00          642.74
                  14115  LAWRENCE STREET             Owner Occupied          41.33           72,294.01          10.150
                  SPRING HILL, FL 34609              Second                 10/27/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115869         VERNA                              One to Four Family     180              18,000.00          218.93
                  7  WESTFIELD ROAD                  Owner Occupied          12.24           17,883.75          12.250
                  LISA KITTY, MA 01760               Second                 10/30/2012      147,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115974         BRUMBLES                           One to Four Family     360              38,250.00          386.10
                  2707  ENTYREW RD                   Owner Occupied          85.00           38,238.43          11.750
                  hamer, SC 29547                    First                  10/18/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116041         ABDURRAHMAN                        One to Four Family     240              25,900.00          285.00
                  2849  N. DETROIT AVE               Owner Occupied          70.00           25,793.55          11.990
                  TOLEDO, OH 43610                   First                  09/01/2017       37,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7116044         BOOSE                              One to Four Family     240              36,550.00          374.53
                  2301  BAKEWELL ST.                 Owner Occupied          85.00           36,507.16          10.890
                  TOLEDO, OH 43605                   First                  11/01/2017       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116045         BROWN                              One to Four Family     360              45,500.00          467.67
                  1943  JOYCE AVENUE                 Owner Occupied          77.12           45,500.00          11.990
                  COLUMBUS, OH 43219                 First                  12/01/2027       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116050         DAVIS                              One to Four Family     240              62,400.00          628.87
                  4917  CATALINA DR                  Owner Occupied          80.00           62,324.41          10.640
                  TOLEDO, OH 43615                   First                  11/01/2017       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  210    Page Balance:   $547,307.26    Generated By:  Dmenegus
<PAGE>   213
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7116054         EDWARDS                            One to Four Family     360              28,000.00          240.56
                  1405  MOORE STREET                 Owner Occupied          66.67           27,874.59           9.750
                  TOLEDO, OH 43608                   First                  07/01/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116058         GOODNER                            One to Four Family     240              35,000.00          361.03
                  642  ASHWOOD AVE                   Owner Occupied          58.33           34,959.51          10.990
                  TOLEDO, OH 43608                   First                  11/01/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116059         GRIMM                              One to Four Family     360             148,500.00        1,341.76
                  5587  MT ZION ROAD                 Owner Occupied          90.00          148,439.05          10.350
                  MILFORD, OH 45150                  First                  11/01/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116060         GUTIERREZ                          One to Four Family     360              38,250.00          349.89
                  1316  POWERSDALE AVENUE            Owner Occupied          85.00           38,180.67          10.500
                  YOUGSTOWN, OH 44502                First                  11/01/2027       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116061         HARRIS                             One to Four Family     240              25,000.00          310.70
                  2435  WARREN STREET                Owner Occupied          50.00           24,921.36          13.990
                  TOLEDO, OH 43620                   First                  08/01/2017       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116063         HUNTLEY                            One to Four Family     240              28,000.00          294.75
                  1339  & 1341 GOODALE ST            Owner Occupied          53.85           27,872.62          11.300
                  TOLEDO, OH 43606                   First                  09/01/2017       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116068         MAYS                               One to Four Family     240              24,000.00          247.56
                  1537  HAMILTON                     Owner Occupied          57.14           23,915.96          10.990
                  TOLEDO, OH 43607                   First                  09/01/2017       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116074         KING                               One to Four Family     360              22,200.00          254.11
                  828  INDIANA AVENUE                Owner Occupied          60.00           22,195.46          13.490
                  TOLEDO, OH 43608                   First                  11/01/2027       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116076         PRATCHER                           One to Four Family     240              36,000.00          353.15
                  1315  BELMONT AVE                  Owner Occupied          80.00           35,766.29          10.240
                  TOLEDO, OH 43607                   First                  07/01/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116083         ROBERSON                           One to Four Family     240              35,000.00          373.01
                  2227  SANFORD STREET               Owner Occupied          59.32           35,000.00          11.490
                  TOLEDO, OH 43606                   First                  12/01/2017       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116084         ROBERTS                            One to Four Family     240              32,000.00          308.59
                  18  ROCKINGHAM CT                  Owner Occupied          43.84           31,957.81           9.990
                  TOLEDO, OH 43608                   First                  11/01/2017       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116086         SHERER                             One to Four Family     360              22,800.00          243.16
                  640  NESSLEWOOD AVE                Owner Occupied          60.00           22,788.24          12.490
                  TOLEDO, OH 43610                   First                  10/01/2027       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  211    Page Balance:   $473,871.56    Generated By:  Dmenegus
<PAGE>   214
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
FC7116089         SNOW                               One to Four Family     240              32,000.00          330.08
                  931  LINDSAY ST                    Owner Occupied          71.11           31,962.99          10.990
                  TOLEDO, OH 43610                   First                  11/01/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116094         TUGGLE                             One to Four Family     360              36,000.00          383.93
                  2549  MAPLEWOOD AVENUE             Owner Occupied          54.55           35,990.77          12.490
                  TOLEDO, OH 43620                   First                  11/01/2027       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116097         WHITE                              One to Four Family     360              56,000.00          554.14
                  1896  SOMMERSET CT EAST            Owner Occupied          78.87           55,981.20          11.490
                  COLUMBUS, OH 43227                 First                  11/01/2027       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125001         PICKERING                          One to Four Family     180              22,500.00          280.63
                  53  ROSALIND ROAD                  Owner Occupied          14.42           22,500.00          12.730
                  NORTHWEYMOUTH, MA 02191            Second                 11/05/2012      156,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7110002         WHITE                              One to Four Family     180              25,500.00          310.16
                  6804  WINDSOR MILL RD              Owner Occupied          21.79           25,500.00          12.250
                  BALTIMORE, MD 21207                Second                 11/05/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110010         CARROLL                            One to Four Family     180              16,250.00          200.81
                  30505  CATHARPIN ROAD              Owner Occupied          11.86           16,250.00          12.550
                  MINE RUN, VA 22568                 Second                 11/07/2012      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100054         VANDETTI                           One to Four Family     240              44,000.00          410.14
                  9  SCHOOL LANE                     Owner Occupied          80.00           43,938.19           9.500
                  CHESWALD, DE 19936                 First                  10/28/2017       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100055         VANDETTI                           One to Four Family     240              36,500.00          401.64
                  318  TOWER ROAD                    Owner Occupied          39.67           36,463.06          11.990
                  CAMDEN, DE 19934                   First                  10/28/2017       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100073         AVIDAN                             One to Four Family     180              55,000.00          624.78
                  2727  RHAWN STREET                 Owner Occupied          68.32           54,878.71          10.990
                  PHILADELPHIA, PA 19153             First                  11/01/2012       80,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100074         ARMSTRONG                          One to Four Family     180              29,750.00          324.26
                  46  N. YEWDALL STREET              Owner Occupied          85.00           29,679.85          10.250
                  PHILADELPHIA, PA 19139             First                  11/01/2012       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100078         CANNON                             One to Four Family     180              28,800.00          268.84
                  64  DUKE STREET                    Owner Occupied          90.00           28,789.16          10.750
                  GRANITE FALLS, NC 28630            First                  11/01/2012       39,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100082         FORCE                              One to Four Family     240              77,775.00          776.49
                  R 1 BOX 412                        Owner Occupied          85.00           77,679.04          10.500
                  LOGANTON, PA 17747                 First                  11/01/2017       91,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  212    Page Balance:   $459,612.97    Generated By:  Dmenegus
<PAGE>   215
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
DB7100085         FRALEY                             One to Four Family     180              84,000.00          889.98
                  5637  BROYLES ROAD                 Owner Occupied          80.00           83,978.02          12.400
                  PLAINFIELD, IN 46168               First                  11/01/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100087         KNAUSS                             One to Four Family     180             119,900.00        1,164.55
                  551  BRIGHTEN STREET               Owner Occupied          79.99          119,859.51          11.250
                  BETHLEHEM, PA 18015                First                  11/01/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7100017         BLOOM                              One to Four Family     180              46,330.00          467.66
                  OX 206 MAIN STREET                 Owner Occupied          82.00           46,315.99          11.750
                  DAWSON, PA 15430                   First                  10/28/2012       56,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
ED7100006         RIVERA                             One to Four Family     180              80,000.00          779.44
                  138  MOUNTAIN VIEW ROAD            Owner Occupied          80.00           79,973.23          11.290
                  FREDERICKSBURG, VA 22405           First                  10/06/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7090390         MAYCOCK                            One to Four Family     180              78,000.00          772.43
                  1850  NORTHWEST 172TH TERR         Owner Occupied          75.00           77,202.64          11.500
                  MIAMI, FL 33056                    First                  11/04/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7100141         LAWSON                             One to Four Family     360              41,000.00          350.45
                  5765  NORTHEAST 6TH PLACE          Owner Occupied          74.55           41,000.00           9.690
                  OCALA, FL 34470                    First                  11/13/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7064202         MILLER                             One to Four Family     180              75,000.00          674.31
                  2763  OTTER DR                     Owner Occupied          72.67           74,465.01          10.290
                  AKRON, OH 44319                    First                  08/01/2012      106,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091408         AMERSON                            One to Four Family     180              80,000.00          702.06
                  14621  ROSEMARY                    Owner Occupied          76.92           79,856.64          10.000
                  OAK PARK, MI 48237                 First                  08/01/2012      104,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091411         ASHFORD                            One to Four Family     180              15,920.00          194.92
                  4220  HURLBUT                      Owner Occupied          80.00           15,757.43          12.380
                  DETROIT, MI 48214                  First                  07/01/2012       19,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091412         ATKINSON                           One to Four Family     180              23,850.00          282.42
                  2560  LAKEVIEW                     Owner Occupied          90.00           23,600.72          11.750
                  DETROIT, MI 48215                  First                  07/01/2012       26,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091456         COMPEAU                            One to Four Family     180              66,400.00          796.91
                  4688  WERTH ROAD                   Owner Occupied          80.00           65,722.02          12.000
                  WILSON TWSP, MI 49707              First                  07/01/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091460         CRAWFORD                           One to Four Family     180              22,500.00          271.85
                  217  S. MAIN RT#3                  Owner Occupied          75.00           22,272.46          12.130
                  ITHACA, MI 48847                   First                  07/01/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  213    Page Balance:   $730,003.67    Generated By:  Dmenegus
<PAGE>   216
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7091477         DRUMB                              One to Four Family     180             145,350.00        1,411.73
                  10033  ANDERSONVILLE ROAD          Owner Occupied          90.00          145,150.93          11.250
                  CLARKSTON, MI 48347                First                  08/01/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091479         EASTON                             One to Four Family     180             111,000.00        1,057.08
                  2  ACORN DRIVE                     Owner Occupied          80.43          110,839.49          11.000
                  VERNON, NJ 07422                   First                  08/01/2012      138,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091482         EZELL                              One to Four Family     180              17,000.00          193.05
                  506  WEST GRAND BLVD               Owner Occupied          62.96           16,964.23          13.380
                  DETROIT, MI 48210                  First                  08/01/2012       27,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7091510         HARDAWAY                           One to Four Family     180              42,500.00          463.23
                  194  LILES ROAD                    Owner Occupied          85.00           42,093.99          10.250
                  HOLLY SPRINGS, MS 38635            First                  08/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091515         HILTUNEN                           One to Four Family     360              58,400.00          640.32
                  59  BLOOMFIELD                     Owner Occupied          80.00           58,329.83          12.880
                  SPRINGFIELD, MA 01108              First                  07/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091520         HORVATH                            One to Four Family     180              45,000.00          432.81
                  8  H STREET                        Owner Occupied          75.00           44,732.16          11.130
                  BARBERTON, OH 44203                First                  08/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091521         HOUSTON                            One to Four Family     180              26,000.00          328.76
                  15371  PLAINVEIW                   Owner Occupied          65.00           25,984.67          15.000
                  DETROIT, MI 48223                  First                  08/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091544         KILLEBREW                          One to Four Family     180              24,000.00          279.63
                  1015  WEST 9TH                     Owner Occupied          68.57           23,966.70          13.750
                  INDIANAPOLIS, IN 46208             First                  08/01/2012       35,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7091556         LINDSEY                            One to Four Family     180              19,500.00          229.13
                  GARVIN                             Owner Occupied          65.00           19,485.10          13.880
                  EVANSVILLE, IN 47711               First                  08/01/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091561         MARSIGLIO                          One to Four Family     180              49,000.00          522.96
                  22127  ELIZABETH                   Owner Occupied          70.00           48,949.04          12.500
                  ST CLAIR SHORE, MI 48080           First                  08/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091569         MCNAIR                             One to Four Family     360              53,000.00          555.39
                  2937  GREYFRIAIS                   Owner Occupied          43.12           52,926.79          12.250
                  DETROIT, MI 48217                  First                  07/01/2027      122,900.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091587         PAGE                               One to Four Family     180              30,000.00          285.70
                  16611  CRUSE                       Owner Occupied          65.22           29,956.61          11.000
                  DETROIT, MI 48235                  First                  08/01/2012       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  214    Page Balance:   $619,379.54    Generated By:  Dmenegus
<PAGE>   217
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>              <C>                <C>
TC7091600         PUCKETT                            One to Four Family     180              48,000.00          579.95
                  10099  GRAYTON                     Owner Occupied          80.00           47,415.71          12.130
                  DETROIT, MI 48224                  First                  06/01/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091606         ROBBINS                            One to Four Family     180              63,200.00          683.99
                  14890  ASHTON                      Owner Occupied          80.00           62,433.73          10.130
                  DETROIT, MI 48223                  First                  07/01/2012       79,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091609         ROOF                               One to Four Family     180              30,000.00          346.58
                  2813  OWENBORO ROAD                Owner Occupied          75.00           29,975.78          13.630
                  LEITCHFIELD, KY 42754              First                  08/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091613         ROSS                               One to Four Family     180              20,000.00          175.52
                  12851  OMAHA                       Owner Occupied          76.92           19,954.99          10.000
                  DETROIT, MI 48217                  First                  07/01/2012       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091618         RYANS                              One to Four Family     180              17,500.00          198.73
                  15845  LOG CABIN AVENUE            Owner Occupied          47.30           17,286.31          13.380
                  DETROIT, MI 48238                  First                  08/01/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091639         SNIPES                             One to Four Family     180              31,500.00          388.88
                  2924  NORTH COLORADO               Owner Occupied          63.00           31,474.52          14.630
                  INDIANAPOLIS, IN 46218             First                  07/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091640         SNYDER                             One to Four Family     180              30,550.00          334.97
                  18978  MONICA                      Owner Occupied          65.00           30,520.86          12.880
                  DETROIT, MI 48221                  First                  08/01/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091650         THOMPSON                           One to Four Family     360              69,700.00          637.58
                  10070  GRAYTON                     Owner Occupied          82.00           69,556.72          10.500
                  DETROIT, MI 48224                  First                  07/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091662         WALKER                             One to Four Family     360              52,000.00          529.88
                  714  GREEN STREET                  Owner Occupied          80.00           51,922.20          11.880
                  HAVRE DE GRACE, MD 21078           First                  07/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091680         WILSON                             One to Four Family     180              45,000.00          415.85
                  16580  WINTHROP                    Owner Occupied          89.11           44,911.38          10.630
                  DETROIT, MI 48235                  First                  07/01/2012       50,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091681         WILSON                             One to Four Family     180              56,000.00          603.11
                  8713  S. HOUSTON                   Owner Occupied          70.00           55,929.27          12.630
                  CHICAGO, IL 60617                  First                  07/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091686         YOCKEY                             One to Four Family     180              39,375.00          363.87
                  4327  NORTH CR 950 EAST            Owner Occupied          75.00           39,313.40          10.630
                  MOORELAND, IN 47360                First                  08/01/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  215    Page Balance:   $500,694.87    Generated By:  Dmenegus 
<PAGE>   218
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7095847         SOWELL                             One to Four Family     180              27,000.00          292.36
                  OUTE 1 BOX 124 B                   Owner Occupied          55.10           26,986.71          12.700
                  PAGELAND, SC 29728                 First                  09/29/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096114         BA                                 One to Four Family     360              66,750.00          775.08
                  121  NE 46 STREET                  Owner Occupied          75.00           66,627.33          13.700
                  MIAMI, FL 33137                    First                  03/01/2027       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096128         BRANCH                             One to Four Family     180              28,800.00          312.97
                  950  COLORADO AVENUE APT           Owner Occupied          80.00           28,764.41          12.750
                  STUART, FL 34994                   First                  07/01/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096161         DISLER                             One to Four Family     360              45,375.00          528.67
                  3506  ROSELAWN BLVD.               Owner Occupied          75.00           45,339.40          13.750
                  FORT PIERCE, FL 34981              First                  08/01/2027       60,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096227         MARINO                             One to Four Family     360              23,200.00          216.57
                  1225  NW 21ST STREET UNIT          Owner Occupied          80.00           23,164.59          10.750
                  STUART, FL 34994                   First                  08/01/2027       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096228         MARMALSTEIN                        One to Four Family     360              54,000.00          529.62
                  1725  NW 58TH AVENUE               Owner Occupied          75.00           53,601.18          11.380
                  LAUDERHILL, FL 33313               First                  07/01/2027       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096287         SOWA                               One to Four Family     360              55,000.00          629.98
                  1063  AVIARY ROAD                  Owner Occupied          40.74           54,954.32          13.500
                  WELLINGTON, FL 33414               First                  08/01/2027      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096304         WEEKS                              One to Four Family     360              37,700.00          402.07
                  21  NW 9TH ST.                     Owner Occupied          65.00           37,660.68          12.490
                  HALLANDALE, FL 33009               First                  08/01/2027       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100057         DICKMAN                            One to Four Family     360              30,700.00          351.64
                  802  BROADWAY                      Owner Occupied          63.96           30,687.40          13.500
                  LOST NATION, IA 52254              First                  10/01/2027       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105550         JOHNSON                            One to Four Family     180              30,000.00          340.79
                  2492  OAKWOOD CIRCLE               Owner Occupied          44.12           29,933.96          10.990
                  ROCK HILL, SC 29732                First                  10/16/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110152         WATSON                             One to Four Family     180              66,400.00          708.14
                  102  INDIAN LANE                   Owner Occupied          80.00           66,382.97          12.490
                  ELLIJAY, GA 30540                  First                  10/17/2012       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110153         WATSON                             One to Four Family     180              11,545.00          131.22
                  5012  CROMWELL                     Owner Occupied          13.58           11,519.39          11.000
                  MEMPHIS, TN 38118                  Second                 10/13/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  216    Page Balance:   $475,622.34    Generated By:  Dmenegus
<PAGE>   219
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110154         WEBB                               One to Four Family     180              29,400.00          308.08
                  2211  MISSISSIPPI AVENUE           Owner Occupied          70.00           29,392.05          12.250
                  KNOXVILLE, TN 37921                First                  10/24/2012       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110155         WEBB                               One to Four Family     180              44,800.00          469.46
                  106  108 LAWTON RD                 Owner Occupied          70.00           44,787.87          12.250
                  OAK RIDGE, TN 37830                First                  10/24/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110156         WHITAKER                           One to Four Family     180              15,500.00          185.93
                  5109  SMOKE RISE DRIVE             Owner Occupied          13.48           15,468.94          11.990
                  MACON, GA 31210                    Second                 10/06/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110169         COLE                               One to Four Family     120              29,300.00          307.03
                  2227  MAYNARDVILLE HWY             Owner Occupied          77.11           29,160.25          12.250
                  MAYNARDVILLE, TN 37807             First                  08/01/2007       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110170         DECOST                             One to Four Family     180              44,100.00          504.15
                  1900  BETHEL  AVENUE               Owner Occupied          90.00           43,792.89          12.600
                  KNOXVILLE, TN 37915                First                  04/15/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110174         HATCHER                            One to Four Family     180              56,300.00          657.33
                  3330  PINK  HATCHER ROAD           Owner Occupied          78.19           55,991.27          11.490
                  LOUISVILLE, TN 37777               First                  08/01/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110175         HAYES                              One to Four Family     180              40,000.00          429.59
                  2214  EDGEWOOD AVE.                Owner Occupied          80.00           39,724.22           9.990
                  KNOXVILLE, TN 37917                First                  09/22/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110176         HAYES                              One to Four Family     180              30,400.00          345.33
                  2218  EDGEWOOD AVE                 Owner Occupied          80.00           30,252.47          10.990
                  KNOXVILLE, TN 37917                First                  09/16/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110187         PARDUE                             One to Four Family     120             112,650.00        1,009.46
                  OST OFFICE BOX 901                 Owner Occupied          85.99          112,394.12          10.250
                  SWEETWATER, TN 37874               First                  05/01/2007      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110189         ROBERTS                            One to Four Family     120              68,200.00          688.41
                  1806  MONTVALE STATION             Owner Occupied          73.33           68,050.18          11.750
                  MARYVILLE, TN 37803                First                  04/07/2007       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111350         DAVIS                              One to Four Family     180              68,800.00          590.60
                  190  BELMONT FARMS DRIVE           Owner Occupied          80.00           68,767.83           9.740
                  ELLENWOOD, GA 30294                First                  11/01/2012       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111353         DECARLO                            One to Four Family     240              48,300.00          465.79
                  201  W. PRK ST.                    Owner Occupied          74.31           48,236.31           9.990
                  HAHIRA, GA 31632                   First                  11/01/2017       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  217    Page Balance:   $586,018.40    Generated By:  Dmenegus
<PAGE>   220
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111354         DENNIS                             One to Four Family     180              45,500.00          535.16
                  181  SOCIETY STREET                Owner Occupied          68.42           45,491.50          13.890
                  LEESBURG, GA 31763                 First                  11/01/2012       66,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111360         CLAVERIA                           One to Four Family     180             148,500.00        1,526.35
                  333  WEST 52 STREET                Owner Occupied          90.00          148,457.41          11.990
                  HIALEAH, FL 33012                  First                  11/01/2012      165,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111361         FREED                              One to Four Family     180              52,000.00          675.85
                  835  NELAVIEW ROAD                 Owner Occupied          65.00           51,993.22          15.440
                  CLEVELAND HEIGHTS, OH 44112        First                  10/27/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111362         FREDRICK                           One to Four Family     120              17,250.00          227.87
                  3844  CHARLOTTE DRIVE              Owner Occupied          20.29           17,165.74           9.990
                  REX, GA 30273                      Second                 10/28/2007       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111469         BRUNCK                             One to Four Family     180              52,000.00          550.94
                  1300  SOUTHERN HILLS BLVD.         Owner Occupied          69.33           51,986.39          12.400
                  CINCINNATI, OH 45013               First                  11/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111699         NEAVINS                            One to Four Family     360             162,000.00        1,420.47
                  18252  ADRIAN                      Owner Occupied          80.00          161,928.18           9.990
                  SOUTHFIELD, MI 48075               First                  09/01/2027      202,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111702         NIXON                              One to Four Family     180             150,000.00        1,599.72
                  2800  SYKESVILLE ROAD              Owner Occupied          60.00          149,961.53          12.490
                  WEST FRIENDSHIP, MD 21794          First                  10/25/2012      250,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7112343         PARSONS                            One to Four Family     180              84,000.00          895.84
                  102  KENT STREET                   Owner Occupied          80.00           84,000.00          12.490
                  DODGE CITY, KS 67801               First                  12/01/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112770         DUFF                               One to Four Family     180             116,000.00        1,193.20
                  5225  IRON  HORSE TRAIL            Owner Occupied          80.00          115,966.80          12.000
                  COLORADO SPRINGS, CO 80917         First                  11/01/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112771         FREILEY                            One to Four Family     180              92,000.00          807.37
                  OUTE 2, BOX 145A                   Owner Occupied          40.89           91,759.30          10.000
                  KILLEEN, TX 76542                  First                  11/01/2012      225,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112775         JACKSON                            One to Four Family     180              71,200.00          746.11
                  219  MEADOW CREEK DRIVE            Owner Occupied          80.00           71,200.00          12.250
                  DUNCANVILLE, TX 75137              First                  12/01/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112776         MARCOS                             One to Four Family     180              50,400.00          499.11
                  3101  CHESTERSHIRE                 Owner Occupied          80.00           50,383.89          11.500
                  PASADENA, TX 77503                 First                  11/01/2012       63,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  218    Page Balance: $1,040,293.96    Generated By:  Dmenegus
<PAGE>   221
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7113031         JENNINGS                           One to Four Family     360              65,000.00          606.28
                  1010  NORTH PENNSYLVANIA A         Owner Occupied          84.97           65,000.00          10.740
                  ROSEWELL, NM 88201                 First                  12/01/2027       76,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FB7100731         JOHNSON                            One to Four Family     240              32,200.00          335.66
                  715  NORTH LEE ROAD                Owner Occupied          70.00           32,200.00          11.150
                  COVINGTON, LA 70433                First                  12/01/2017       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7100863         GRAY                               One to Four Family     180              35,200.00          335.22
                  7393  POE                          Owner Occupied          80.00           35,200.00          11.000
                  DETROIT, MI 48206                  First                  12/01/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115180         COMITO                             One to Four Family     180              79,125.00          726.75
                  394  LOCUST DRIVE                  Owner Occupied          73.26           79,093.89          10.550
                  ROCKY POINT, NY 11778              First                  10/27/2012      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115187         FREISS                             One to Four Family     180              98,160.00        1,008.93
                  1  WALNUT AVENUE                   Owner Occupied          80.00           98,131.85          11.990
                  FARMINGDALE, NY 11735              First                  10/27/2012      123,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115221         STEVENSON                          One to Four Family     360             110,000.00          964.52
                  890  BEDFORD COURT                 Owner Occupied          76.92          109,951.23           9.990
                  uniondale, NY 11553                First                  10/14/2027      143,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116052         DIXON                              One to Four Family     240              25,350.00          315.05
                  3323  DETROIT AVE                  Owner Occupied          65.00           25,350.00          13.990
                  TOLEDO, OH 43614                   First                  12/01/2017       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116188         GRIZZARD                           One to Four Family     240              30,000.00          297.00
                  27  E MARTIN LUTHER KING           Owner Occupied          55.56           29,962.37          10.380
                  CINCINNATI, OH 45219               First                  11/01/2017       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116192         MACK                               One to Four Family     180              42,000.00          349.34
                  2633  GAYLORD AVE                  Owner Occupied          73.68           42,000.00           9.380
                  BETHEL, OH 45106                   First                  11/10/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116195         MURNANE                            One to Four Family     180              44,000.00          382.08
                  6778  SWAGER VALLEY RD             Owner Occupied          80.00           44,000.00           9.880
                  MINFORD, OH 45653                  First                  11/03/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116196         MURNANE                            One to Four Family     180              62,400.00          541.85
                  525  HIGH ST                       Owner Occupied          80.00           62,400.00           9.880
                  MINFORD, OH 45653                  First                  11/03/2012       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116198         PIERCE                             One to Four Family     180              49,200.00          468.18
                  416  CLEMENTS AVE                  Owner Occupied          80.00           49,200.00          10.990
                  SOMERSET, KY 42501                 First                  11/13/2012       63,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  219    Page Balance:   $672,489.34    Generated By:  Dmenegus
<PAGE>   222
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7116203         RICE                               One to Four Family     180              56,000.00          565.27
                  1080  e 20th                       Owner Occupied          80.00           55,983.06          11.750
                  COLUMBUS, OH 43211                 First                  11/01/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116206         TALLEY                             One to Four Family     240              37,000.00          356.82
                  2445  ROCK SPRINGS RD              Owner Occupied          42.53           36,951.21           9.990
                  CHARLOTTE, TN 37036                First                  11/01/2017       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116208         THOMAS                             One to Four Family     180              31,200.00          273.58
                  10007  RENO                        Owner Occupied          52.88           31,200.00           9.990
                  CLEVELAND, OH 44105                First                  11/12/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116213         WILDER                             One to Four Family     240              27,000.00          260.38
                  C63 BOX 1235                       Owner Occupied          49.09           26,964.40           9.990
                  HALLIE, KY 41821                   First                  11/01/2017       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AB7110010         QUICKLEY                           One to Four Family     180             100,000.00        1,141.48
                  616  LEAFYDALE TER                 Owner Occupied          79.37          100,000.00          13.450
                  BALTIMORE, MD 21208                First                  11/13/2012      126,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110034         HOLMES                             One to Four Family     180              52,700.00          572.78
                  5128  ARBUTUS AVE                  Owner Occupied          85.00           52,700.00          10.200
                  BALTIMORE, MD 21215                First                  11/13/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110035         DARRAH                             One to Four Family     240              20,825.00          217.79
                  131  HEUSER WAY                    Owner Occupied          80.10           20,825.00          11.200
                  TARENTUM, PA 15084                 First                  11/13/2017       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110037         PRICE                              One to Four Family     180              76,000.00          855.59
                  6643  BLAKEMORE ST                 Owner Occupied          80.00           76,000.00          13.250
                  PHILADELPHIA, PA 19150             First                  11/13/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110045         HAYMAN                             One to Four Family     180             112,000.00          933.60
                  10610  KLAMATH ROAD                Owner Occupied          80.00          112,000.00           9.400
                  CHESTERTOWN, MD 21620              First                  10/17/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110047         WEST                               One to Four Family     360             136,000.00        1,398.91
                  7720  LEE DRIVE                    Owner Occupied          85.00          136,000.00          12.000
                  PASADENA, MD 21122                 First                  11/17/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110048         STROKA                             One to Four Family     240              95,200.00        1,061.54
                  6347  ALDERWOOD ROAD               Owner Occupied          85.00           95,200.00          12.200
                  PARMA, OH 44130                    First                  11/17/2017      112,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110050         BROWN                              One to Four Family     180              32,300.00          323.57
                  1247  S. 28TH STREET               Owner Occupied          85.00           32,300.00          11.650
                  PHILADELPHIA, PA 19146             First                  11/17/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  220    Page Balance:   $776,123.67    Generated By:  Dmenegus
<PAGE>   223
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>              <C>                <C>
AD7110053         BROADNAX                           One to Four Family     240              42,000.00          417.91
                  2406  N. 6TH STREET                Owner Occupied          70.00           42,000.00          10.450
                  HARRISBURG, PA 17110               First                  11/15/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110054         SNYDER                             One to Four Family     240              51,425.00          568.03
                  131  10TH STREET                   Owner Occupied          85.00           51,425.00          12.050
                  LUCERNEMINES, PA 15754             First                  11/17/2017       60,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110055         HECKMAN                            One to Four Family     180              45,000.00          610.59
                  17700  AMBERSON ROAD               Owner Occupied          46.39           45,000.00          16.150
                  SPRING RUN, PA 17262               First                  11/17/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110060         THORNE                             One to Four Family     180              82,400.00          741.45
                  1536  KIRKWOOD RD                  Owner Occupied          84.95           82,400.00          10.300
                  BALTIMORE, MD 21207                First                  11/20/2012       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110067         LEWIS                              One to Four Family     240              45,650.00          502.65
                  2205  E. FAYETTE STREET            Owner Occupied          89.51           45,650.00          12.000
                  BALTIMORE, MD 21231                First                  11/20/2017       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110068         SITKOWSKI                          One to Four Family     240              38,250.00          374.20
                  46  PACIFIC BLVD.                  Owner Occupied          85.00           38,250.00          10.200
                  MONESSEN, PA 15062                 First                  11/21/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110074         WELLS                              One to Four Family     240              41,225.00          425.52
                  1324  WOODMONT AVENUE              Owner Occupied          85.00           41,225.00          11.000
                  NEW KENSINGTON, PA 15068           First                  11/24/2017       48,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110076         MOSLEY                             One to Four Family     180              40,800.00          388.55
                  79  N. 17TH STREET                 Owner Occupied          80.00           40,800.00          11.000
                  HARRISBURG, PA 17103               First                  11/24/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110083         CLAY                               One to Four Family     180              35,000.00          394.02
                  1534  N. 55TH STREET               Owner Occupied          68.63           35,000.00          13.250
                  PHILADELPHIA, PA 19131             First                  11/21/2012       51,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110092         CUTHBERTSON                        One to Four Family     180              76,000.00          915.56
                  10016  HEGERMAN STREET             Owner Occupied          80.00           76,000.00          14.250
                  PHILADELPHIA, PA 19114             First                  11/26/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110094         EVERETTE                           One to Four Family     180              76,500.00          716.99
                  2739  CYLBURN AVE.                 Owner Occupied          85.00           76,500.00          10.800
                  BALTIMORE, MD 21215                First                  11/26/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110099         ESPOSITO                           One to Four Family     240              43,200.00          411.18
                  608  ARMSTRONG AVENUE              Owner Occupied          80.00           43,200.00           9.800
                  APOLLO, PA 15613                   First                  11/28/2017       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  221    Page Balance:   $617,450.00    Generated By:  Dmenegus
<PAGE>   224
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
AD7110102         SMITH                              One to Four Family     180              26,000.00          279.51
                  2305  N. PARK AVENUE               Owner Occupied          78.79           26,000.00          12.600
                  PHILADELPHIA, PA 19132             First                  12/01/2012       33,000.00                
- ----------------------------------------------------------------------------------------------------------------------
DB7100057         BRUNO                              One to Four Family     240              80,000.00          745.70
                  201  GRIMESVILLE RD.               Owner Occupied          77.67           79,887.63           9.500
                  WILLIAMSPORT, PA 17701             First                  10/29/2017      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100059         GRIER                              One to Four Family     360              31,500.00          299.74
                  115  N. 8TH AVE.                   Owner Occupied          75.00           31,217.49          10.990
                  COATESVILLE, PA 19320              First                  10/29/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100060         GRIER                              One to Four Family     360              28,500.00          271.20
                  808  LUMBER ST.                    Owner Occupied          75.00           28,489.81          10.990
                  COATESVILLE, PA 19320              First                  10/29/2027       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100061         JAMES                              One to Four Family     180              73,600.00          714.85
                  329  WINONA ST                     Owner Occupied          80.00           73,575.15          11.250
                  WILLINGBOROUGH, PA 19144           First                  10/29/2012       92,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100068         HINES                              One to Four Family     120              26,000.00          369.28
                  1028  S. WESTBROOK                 Owner Occupied          65.00           25,885.30          11.750
                  INDIANAPOLIS, IN 46241             First                  10/29/2007       40,000.00                
- ----------------------------------------------------------------------------------------------------------------------
DB7100072         LAVANDEIRA                         One to Four Family     180              11,600.00          135.44
                  454  HICKORY DRIVE                 Owner Occupied           8.29           11,575.63          11.490
                  WHEELING, IL 60090                 Second                 10/29/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7100089         ORTIZ                              One to Four Family     360              52,000.00          571.16
                  314  21ST AVENUE PLACE             Owner Occupied          61.18           51,987.84          12.900
                  GREELEY, CO 80631                  First                  11/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110002         SPRUILL                            One to Four Family     180              43,200.00          403.26
                  1110  CAREY ST., SOUTH             Owner Occupied          80.00           43,200.00          10.750
                  BALTIMORE, MD 21223                First                  11/03/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110003         POWELL                             One to Four Family     180              22,692.00          229.06
                  4404  GROVELAND AVE                Owner Occupied          23.64           22,692.00          11.750
                  BALTIMORE, MD 21215                Second                 11/03/2012       96,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110005         HUNTER                             One to Four Family     180              30,800.00          338.30
                  855  SOUTH HARDIN STREET           Owner Occupied          70.00           30,800.00          12.900
                  SOUTH PINES, NC 28387              First                  11/03/2012       44,000.00                
- ----------------------------------------------------------------------------------------------------------------------
DB7110006         OLIVER                             One to Four Family     240              40,850.00          449.79
                  4721  ST. CHARLES ROAD             Owner Occupied          26.02           40,850.00          12.000
                  BELLWOOD, IL 60104                 Second                 11/03/2017      157,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  222    Page Balance:   $466,160.85    Generated By:  Dmenegus
<PAGE>   225
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
DB7110024         PATE                               One to Four Family     180              88,000.00          972.77
                  3535  BRUCE RANDOLPH AVE.          Owner Occupied          80.00           88,000.00          12.990
                  DENVER, CO 80205                   First                  11/05/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110026         EADDY                              One to Four Family     180              60,000.00          596.47
                  1437  G STREET, N.E.               Owner Occupied          63.16           60,000.00          11.550
                  WASHINGTON, DC 20002               First                  11/05/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DB7110027         CARTER                             One to Four Family     180              62,500.00          645.29
                  1773  ADDISON ROAD                 Owner Occupied          83.33           62,500.00          12.050
                  DISTRICT HEIGHTS, MD 20747         First                  11/05/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110005         LEWIS                              One to Four Family     120              23,600.00          321.76
                  211  EAST SCARBOROUGH FAR          Owner Occupied          14.94           23,600.00          10.750
                  STEWARTSTOWN, PA 17363             Second                 11/03/2007      158,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110015         CRAWFORD                           One to Four Family     180              31,000.00          335.98
                  329  WILSON ROAD                   Owner Occupied          24.22           31,000.00          10.150
                  CLINTON, PA 15026                  Second                 11/05/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
DD7110019         CHEEK                              One to Four Family     180              76,000.00          738.16
                  O BOX 3 ELM STREET                 Owner Occupied          80.00           76,000.00          11.250
                  MEDORA, IL 62063                   First                  11/05/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TB7110133         VANATTA                            One to Four Family     240              17,870.00          194.28
                  3408  SOMERSET DRIVE               Owner Occupied          15.21           17,870.00          11.800
                  PRAIRIE VILLAGE, KS 66206          Second                 11/30/2017      117,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051789         ALBERTSEN                          One to Four Family     180               5,250.00           69.57
                  11503  EAST CORNELL CIRCLE         Owner Occupied           5.00            5,096.25          13.900
                  AURORA, CO 80014                   Second                 09/01/2011      107,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7051844         CARTER                             One to Four Family     180              16,200.00          194.43
                  4557  45TH AVENUE SW #202          Owner Occupied          10.00           15,665.09          12.000
                  SEATTLE, WA 98116                  Second                 09/01/2011      162,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7052117         TOKATLYAN                          One to Four Family     180               8,675.00           93.23
                  47  PROSPECT STREET                Owner Occupied           5.00            8,365.43          10.000
                  WATERTOWN, MA 02172                Second                 10/01/2011      174,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7052155         FAUSTO                             One to Four Family     180              10,700.00          149.03
                  926  WEST MYRTLE STREET            Owner Occupied           6.69           10,463.25          14.900
                  SANTA ANA, CA 92703                Second                 11/01/2011      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7060794         DANIELS                            One to Four Family     180              10,000.00          120.02
                  3689  ALTO LANE                    Owner Occupied          12.50            9,654.51          12.000
                  LAS VEGAS, NV 89115                Second                 08/01/2011       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  223    Page Balance:   $408,214.53    Generated By:  Dmenegus
<PAGE>   226
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7060829         MALEAN                             One to Four Family     180               9,100.00          109.22
                  4519  236TH PLACE SOUTHEAS         Owner Occupied           7.00            8,807.12          12.000
                  BOTHELL, WA 98021                  Second                 10/01/2011      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7060833         MCCLURE                            One to Four Family     180               6,500.00           90.53
                  9020  S. ADA STREET                Owner Occupied           5.00            6,350.24          14.900
                  CHICAGO, IL 60620                  Second                 11/01/2011      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7060855         SCHEIDEGGER                        One to Four Family     180              12,800.00          161.11
                  6131  NW THOMPSON ROAD             Owner Occupied           5.00           12,446.84          12.900
                  PORTLAND, OR 97210                 Second                 10/01/2011      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7061681         FARRIER                            One to Four Family     180               7,500.00          104.46
                  194  11  113TH ROAD                Owner Occupied           5.00            7,300.73          14.900
                  ST. ALBANS, NY 11412               Second                 08/01/2011      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7061740         SMITH                              One to Four Family     360               6,500.00           71.40
                  4550  LOWER HAYDEN LAKE RO         Owner Occupied           5.00            6,477.67          12.900
                  HAYDEN, ID 83835                   Second                 08/01/2026      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7074106         CASTLE                             One to Four Family     120              18,900.00          265.73
                  12110  ROCKRIDGE ROAD              Owner Occupied          46.10           18,729.97          11.500
                  LAKELAND, FL 33809                 First                  09/05/2007       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091407         AL-ZUBAIDY                         One to Four Family     180              40,800.00          377.04
                  6311  FORRER                       Owner Occupied          85.00           40,736.17          10.630
                  DETROIT, MI 48228                  First                  08/01/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091413         AUTREY                             One to Four Family     180              22,400.00          213.33
                  9190  SORRENTO                     Owner Occupied          70.00           22,367.57          11.000
                  DETROIT, MI 48227                  First                  08/01/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091414         AUTREY                             One to Four Family     180              30,800.00          290.42
                  2237  W. GRAND BV.                 Owner Occupied          70.00           30,754.46          10.880
                  DETROIT, MI 48202                  First                  08/01/2012       44,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091530         JACOBS                             One to Four Family     180              37,700.00          473.90
                  4121  NOTHINGHAM                   Owner Occupied          65.00           37,417.85          12.880
                  DETROIT, MI 48224                  First                  08/01/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091531         JANISZEWSKI                        One to Four Family     360             118,800.00          977.34
                  1104  WENDY                        Owner Occupied          80.00          118,550.78           9.250
                  ANN ARBOR, MI 48103                First                  08/01/2027      148,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091545         KING                               One to Four Family     180              16,500.00          197.14
                  19  LESLIE                         Owner Occupied          44.59           16,485.22          14.130
                  HIGHLAND PARK, MI 48203            First                  08/01/2012       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  224    Page Balance:   $326,424.62    Generated By:  Dmenegus
<PAGE>   227
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7091549         LEE                                One to Four Family     180              22,500.00          229.28
                  8801  WOODLAWN                     Owner Occupied          75.00           22,472.49          11.880
                  DETROIT, MI 48213                  First                  08/01/2012       30,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091575         MITCHELL                           One to Four Family     180              17,500.00          185.08
                  417  EAST 22ND STREET              Owner Occupied          70.00           17,486.17          12.380
                  BALTIMORE, MD 21218                First                  08/01/2012       29,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7091615         RUFFIN                             One to Four Family     180              30,000.00          328.94
                  546  FRAZIER                       Owner Occupied          66.67           29,918.29          12.880
                  RIVER ROUGE, MI 48218              First                  08/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7092394         STAN                               One to Four Family     180              30,250.00          299.57
                  7337  TURKEY CREEK ROAD            Owner Occupied          55.00           30,230.13          11.500
                  PLANT CITY, FL 33556               First                  09/17/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096113         ARAUZ                              One to Four Family     360              76,500.00          728.53
                  19515  NW 55 CIRCLE PLACE          Owner Occupied          90.00           76,417.41          11.000
                  MIAMI, FL 33055                    First                  09/01/2027       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096115         BABB                               One to Four Family     360              60,000.00          616.71
                  601  BANNOCKBURN AVENUE            Owner Occupied          50.00           59,930.12          11.990
                  TEMPLE TERRACE, FL 33617           First                  07/30/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096131         BURGER                             One to Four Family     180             127,500.00        1,142.53
                  5703  ADMIRAL DOYLE ROAD           Owner Occupied          85.00          127,338.23          10.250
                  PENSACOLA, FL 32506                First                  08/18/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096134         CHISM                              One to Four Family     360              45,000.00          425.15
                  487  LUNDEE                        Owner Occupied          64.29           44,950.35          10.900
                  MEMPHIS, TN 38114                  First                  08/02/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096142         COUILLARD                          One to Four Family     360              49,600.00          431.62
                  7449  PROXIMA ROAD                 Owner Occupied          80.00           49,509.21           9.900
                  JACKSONVILLE, FL 32210             First                  07/18/2027       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096146         CRAVEN                             One to Four Family     240              49,600.00          460.72
                  941  CORNEILA  STREET              Owner Occupied          80.00           49,316.19           9.450
                  NEWBERRY, SC 29108                 First                  07/11/2017       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096159         DIAZ                               One to Four Family     180              23,557.00          267.61
                  728  BOC CIRCLE NW                 Owner Occupied          26.17           23,346.25          10.990
                  PALM BAY, FL 32907                 Second                 07/14/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096163         DOWNES                             One to Four Family     360              26,400.00          255.42
                  1122  SNOGGRASS                    Owner Occupied          80.00           26,363.42          11.200
                  NEW TAZEWELL, TN 37825             First                  07/11/2027       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  225    Page Balance:   $557,278.26    Generated By:  Dmenegus
<PAGE>   228
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7096168         ESPOSITO                           One to Four Family     360             104,000.00          961.07
                  4489  SW 10TH STREET               Owner Occupied          80.00          103,879.08          10.630
                  MIAMI, FL 33134                    First                  09/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096192         HARVEY                             One to Four Family     180              27,200.00          296.47
                  2944  TINSLEY RD                   Owner Occupied          85.00           27,005.94          10.250
                  JACKSONVILLE, FL 32218             First                  08/08/2012       32,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096196         HELMS                              One to Four Family     180              46,000.00          464.33
                  117  ANTON COURT                   Owner Occupied          80.00           45,943.52          11.750
                  HOMOSASSA, FL 34446                First                  07/15/2012       59,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096200         HINKEL                             One to Four Family     240              44,800.00          416.14
                  1216  HANOVER COURT                Owner Occupied          80.00           44,608.62           9.450
                  SPRINGHILL, FL 34606               First                  08/11/2017       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096201         HOLLOWAY                           One to Four Family     240              27,000.00          275.94
                  301  14TH STREET WEST              Owner Occupied          41.54           26,871.01          10.850
                  PALMETTO, FL 34221                 First                  07/14/2017       65,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7096205         HUNT                               One to Four Family     180              27,000.00          346.07
                  970  OAKLAND                       Owner Occupied          75.00           26,854.58          13.250
                  MEMPHIS, TN 38106                  First                  08/08/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096213         JOOS                               One to Four Family     180              10,000.00          123.26
                  6810  DONALD AVENUE                Owner Occupied          14.08            9,916.14          12.500
                  TAMPA, FL 33614                    Second                 07/22/2012       71,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096214         KALLEN                             One to Four Family     180              25,000.00          332.77
                  10820  NW 10TH STREET              Owner Occupied          16.03           24,700.51          13.990
                  PLANTATION, FL 33322               Second                 05/01/2012      156,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096216         KEUNGKEOSIENE                      One to Four Family     180              12,000.00          134.14
                  1817  23RD AVENUE                  Owner Occupied          17.39           11,889.98          10.700
                  ST PETERSBURG, FL 33713            Second                 07/11/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096217         KINDER                             One to Four Family     360              59,200.00          654.88
                  624  HIBISCUS DRIVE                Owner Occupied          80.00           59,158.92          13.000
                  ROYAL PLAM BEACH, FL 33411         First                  09/01/2027       74,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7096220         LAWSON                             One to Four Family     180              40,375.00          446.32
                  903  N CHAMBERLAIN                 Owner Occupied          85.00           40,308.04          12.990
                  CHATTANOOGA, TN 37410              First                  04/18/2012       47,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096222         LEE                                One to Four Family     180              14,000.00          170.29
                  3834  MONCRIEF ROAD                Owner Occupied          38.89           13,888.82          12.250
                  JACKSONVILLE, FL 32218             Second                 07/16/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  226    Page Balance:   $435,025.16    Generated By:  Dmenegus
<PAGE>   229
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7096229         MARRERO                            One to Four Family     360              96,000.00          789.77
                  19401  NORTHWEST 83RD AVENU        Owner Occupied          80.00           95,849.30           9.250
                  MIAMI, FL 33016                    First                  09/01/2027      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096232         MCKINNEY                           One to Four Family     180              50,400.00          421.96
                  743  IRONDALE ROAD                 Owner Occupied          80.00           50,298.56           9.450
                  SOUTH PITTSBURG, TN 37380          First                  07/09/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096239         MICELI                             One to Four Family     180              38,000.00          395.66
                  2034  LOS LOMAS DRIVE              Owner Occupied          69.09           37,609.78           9.450
                  CLEARWATER, FL 33763               First                  07/30/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096247         MOORE                              One to Four Family     180              44,925.00          461.76
                  1887  LAREDO DRIVE                 Owner Occupied          75.00           44,872.70          11.990
                  DELTONA, FL 32738                  First                  07/07/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096251         MURCHISON                          One to Four Family     180              21,205.00          271.80
                  3515  ROSSELLE STREET              Owner Occupied          35.34           21,051.84          13.250
                  JACKSONVILLE, FL 32205             Second                 07/15/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096255         OFFICER                            One to Four Family     180              22,400.00          246.92
                  6318  13TH STREET NORTH            Owner Occupied          24.89           22,243.09          10.450
                  ST. PETERSBURG, FL 33702           Second                 08/11/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096262         PITTS                              One to Four Family     180              26,000.00          289.02
                  712  E. PITTS STREET               Owner Occupied          78.79           25,759.42          10.600
                  JEFFERSON CITY, TN 37760           First                  07/18/2012       33,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096263         PULLARA                            One to Four Family     240              32,700.00          308.02
                  8107  TIMBER LANE                  Owner Occupied          17.77           32,517.58           9.650
                  SARASOTA, FL 34243                 Second                 07/07/2017      184,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096269         ROBINSON                           One to Four Family     360              42,500.00          416.02
                  3399  PLUM ROAD                    Owner Occupied          85.00           42,421.64          11.350
                  MEMPHIS, TN 38128                  First                  07/14/2027       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096283         SINGLETARY                         One to Four Family     180              10,327.00          141.02
                  275  PERTH AVENUE                  Owner Occupied          12.01           10,253.55          14.500
                  MERRITT ISLAND, FL 32953           Second                 07/25/2012       86,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096286         SMITH                              One to Four Family     240              22,000.00          253.06
                  632  STILL MEADOWS CIRCLE          Owner Occupied          18.33           21,917.79          12.700
                  PALM HARBOR, FL 34283              Second                 07/28/2017      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096288         SOWINSKI                           One to Four Family     180              55,250.00          654.24
                  2930  E. SPRAGUE STREET            Owner Occupied          85.00           54,906.91          11.750
                  WINSTON SALEM, NC 27107            First                  08/13/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  227    Page Balance:   $459,702.16    Generated By:  Dmenegus
<PAGE>   230
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7096296         TIPS                               One to Four Family     240              30,000.00          294.30
                  349  SEMINOLE ROAD                 Owner Occupied          66.67           29,851.84          10.240
                  SUMTER, SC 29150                   First                  08/06/2017       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096308         WILKS                              One to Four Family     180              54,400.00          445.57
                  1203  BENNETT STREET               Owner Occupied          80.00           54,313.84           9.200
                  GREENSBORO, NC 27406               First                  08/04/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096312         WILLIAMS                           One to Four Family     360              72,000.00          623.89
                  2921  DESOTA WAY SOUTH             Owner Occupied          80.00           71,866.48           9.850
                  ST. PETERSBURG, FL 33712           First                  07/18/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7096318         LUCAS                              One to Four Family     180              15,781.00          173.96
                  16012  SHAREWOOD DRIVE             Owner Occupied          19.73           15,632.96          10.450
                  TAMPA, FL 33618                    Second                 07/21/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7100472         BAILEY                             One to Four Family     360              80,800.00          800.16
                  800  WEST PARK AVENUE              Owner Occupied          80.00           80,631.70          11.500
                  PLEASANTVILLE, NJ 08232            First                  08/01/2027      101,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105409         BRADLEY                            One to Four Family     180              20,980.00          262.01
                  4800  BRADOCK COURT                Owner Occupied          17.93           20,980.00          12.750
                  LINCOLN, NE 68516                  Second                 11/25/2012      117,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105490         WILLIAMS JR                        One to Four Family     360              15,050.00          155.85
                  4533  NORTH 39TH STREET            Owner Occupied          70.00           15,050.00          12.090
                  OMAHA, NE 68111                    First                  11/07/2027       21,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7105976         BAILEY                             One to Four Family     180              42,400.00          393.88
                  3013  SOUTH 16TH STREET            Owner Occupied          80.00           42,400.00          10.690
                  OMAHA, NE 68131                    First                  11/30/2012       53,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110263         CARNICELLI                         One to Four Family     180              31,800.00          371.48
                  76  NORTH DIVISION STR             Owner Occupied          56.79           31,733.27          11.500
                  AUBURN, NY 13021                   Second                 10/24/2012       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110264         CARPENTER                          One to Four Family     180              28,175.00          288.73
                  17351  E MANSFIELD AV              Owner Occupied          68.72           28,166.85          11.950
                  AURORA, CO 80013                   First                  10/06/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110268         CLEAR                              One to Four Family     180              40,500.00          393.36
                  1007  CLIFTON AVE                  Owner Occupied          74.65           40,486.33          11.250
                  LOGANSPORT, IN 46947               First                  10/27/2012       54,250.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110276         COVEY                              One to Four Family     180              34,400.00          380.26
                  116  WILCOX ROAD                   Owner Occupied          80.00           34,320.74          10.500
                  NORWICH, NY 13815                  First                  10/24/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  228    Page Balance:   $465,434.01    Generated By:  Dmenegus
<PAGE>   231
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property              Org Term        Orig Bal       Curr P&I
                                                      Occupancy Type        LTV             Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type             Maturity        Appr Amt
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110287         ECONOMON                           One to Four Family     180              91,000.00          865.93
                  D1 BOX93D                          Owner Occupied          81.98           90,967.48          10.990
                  SCHROON LAKE, NY 12870             First                  10/22/2012      111,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110302         GREULICH                           One to Four Family     180              15,000.00          170.40
                  281  CARTWRIGHT DR                 Owner Occupied          20.00           14,796.57          10.990
                  RICHMOND, IN 47374                 Second                 10/22/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110305         HALL                               One to Four Family     180              60,000.00          551.09
                  217  OLEANDER PL                   Owner Occupied          43.80           59,976.41          10.550
                  HENDERSON, NV 89015                First                  10/27/2012      137,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110307         HERNANDEZ                          One to Four Family     180              24,500.00          263.38
                  5305  W STATE AVENUE               Owner Occupied          59.76           24,447.07          12.600
                  GLENDALE, AZ 85301                 First                  09/04/2012       41,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110312         HOLTZAPPLE                         One to Four Family     180              28,500.00          249.90
                  17  E MILDRED                      Owner Occupied          75.00           28,487.36           9.990
                  CUYAHOGA FALLS, OH 44310           First                  10/29/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110316         JOHNSON                            One to Four Family     180              51,200.00          614.16
                  17563  MARK TWAIN ST               Owner Occupied          66.49           51,097.41          11.990
                  DETROIT, MI 48235                  Second                 10/21/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110326         LARRABEE                           One to Four Family     360             170,000.00        1,429.45
                  16  BOULDERCREEK DRIVE             Owner Occupied          53.13          169,916.38           9.500
                  RUSH, NY 14523                     First                  10/21/2027      320,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110354         NICKERSON                          One to Four Family     240              25,900.00          276.21
                  4  6 CENTER ST                     Owner Occupied          70.00           25,872.00          11.500
                  ONEONTA, NY 13820                  First                  10/20/2017       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110357         ORMSBY JR                          One to Four Family     180              25,875.00          226.88
                  912  STADELMAN AVE                 Owner Occupied          75.00           25,863.53           9.990
                  AKRON, OH 44320                    First                  10/29/2012       34,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110500         CONLEY                             One to Four Family     360              48,000.00          435.13
                  1518  W 7TH ST                     Owner Occupied          58.90           47,979.60          10.390
                  MUNCIE, IN 47304                   First                  11/01/2027       81,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110501         COOPER                             One to Four Family     180              31,200.00          354.42
                  605  W 7TH ST                      Owner Occupied          80.00           31,131.32          10.990
                  JONESBORO, IN 46938                First                  11/01/2012       39,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110505         GRAY                               One to Four Family     240             190,500.00        1,775.71
                  108  MATIS STREET                  Owner Occupied          83.55          190,232.42           9.500
                  SOUTH PLAINFIELD, NJ 07063         First                  10/29/2017      228,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  229    Page Balance:   $760,767.55    Generated By:  Dmenegus
<PAGE>   232
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110531         POPE                               One to Four Family     180              56,000.00          554.56
                  1614  SOUTH TAYLOR RO              Owner Occupied          62.22           55,981.67          11.500
                  CLEVELAND, OH 44118                First                  10/30/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110532         RASCO                              One to Four Family     120              34,000.00          458.78
                  524  WEST ST                       Owner Occupied          41.46           33,838.72          10.500
                  OAKLAND CITY, IN 47660             Second                 10/30/2007       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110543         VARGO                              One to Four Family     180              28,875.00          253.19
                  908  908 1/2 WORK DRIVE            Owner Occupied          75.00           28,862.19           9.990
                  AKRON, OH 44320                    First                  10/29/2012       38,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110546         WARBURTON                          One to Four Family     180              86,250.00          772.89
                  1185  KELLIE COURT                 Owner Occupied          75.00           86,213.72          10.250
                  INDEPENDENCE, OR 97351             First                  10/30/2012      115,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110776         EBIWARE                            One to Four Family     180              43,350.00          432.61
                  6  COUNTRY ROAD                    Owner Occupied          25.88           43,336.44          11.600
                  ADAMS, MA 01220                    First                  10/29/2012      167,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110778         FLATTER                            One to Four Family     240              36,800.00          364.94
                  6407  N PARK AV                    Owner Occupied          80.00           36,800.00          10.400
                  MONTPELIER, IN 47359               First                  11/03/2017       46,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111026         MITCHELL                           One to Four Family     180              32,900.00          344.76
                  68  70 COLUMBIA AVENUE             Owner Occupied          70.00           32,891.09          12.250
                  ROCHESTER, NY 14608                First                  10/29/2012       47,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111249         FRITH                              One to Four Family     180             120,000.00        1,093.20
                  1559  PACIFIC STREET               Owner Occupied          60.76          120,000.00          10.450
                  BROOKLYN, NY 11213                 First                  11/07/2012      197,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111256         JONES                              One to Four Family     180              38,250.00          335.39
                  4660  TREETOP DR                   Owner Occupied          75.00           38,250.00           9.990
                  AKRON, OH 44310                    First                  10/29/2012       51,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111257         JONES                              One to Four Family     180              42,750.00          374.85
                  4660  TREETOP DR                   Owner Occupied          75.00           42,750.00           9.990
                  AKRON, OH 44320                    First                  11/04/2012       57,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111274         TAYLOR                             One to Four Family     240              15,500.00          170.56
                  C 70 BOX 62A                       Owner Occupied          38.75           15,500.00          11.990
                  TROY, IN 47588                     First                  11/05/2017       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111281         BETTINO                            One to Four Family     180              12,940.00          146.99
                  6066  E NORTH COAL CR              Owner Occupied          14.38           12,940.00          10.990
                  WELLINGTON, UT 84642               Second                 11/05/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  230    Page Balance:   $547,363.83    Generated By:  Dmenegus
<PAGE>   233
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111295         MASHTARA                           One to Four Family     180              30,000.00          273.30
                  312  MOUNTAIN VIEW DR              Owner Occupied          75.00           30,000.00          10.450
                  WILLSBORO, NY 12996                First                  11/10/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111296         MCPHAIL                            One to Four Family     360              60,000.00          511.09
                  19  HUNT AVENUE                    Owner Occupied          41.38           60,000.00           9.650
                  BRAINTREE, MA 02184                First                  11/10/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111297         MOORE                              One to Four Family     180             108,750.00          910.46
                  12402  ADMIRALTY WAY               Owner Occupied          75.00          108,750.00           9.450
                  EVERETT, WA 98201                  First                  11/07/2012      152,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111299         MULLIS                             One to Four Family     360             120,000.00        1,052.20
                  2485  WOLF CREEK DRIV              Owner Occupied          82.76          120,000.00           9.990
                  BRIGHTON, CO 80601                 First                  11/05/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111300         NICOLOSI                           One to Four Family     180              30,000.00          340.79
                  5  HILLSIDE AVENUE                 Owner Occupied          18.75           30,000.00          10.990
                  SUFFERN, NY 10901                  Second                 11/10/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111500         CONIGAN                            One to Four Family     360              45,500.00          492.67
                  6507  S WINCHESTER                 Owner Occupied          70.00           45,500.00          12.700
                  CHICAGO, IL 60636                  First                  12/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111501         ETTI                               One to Four Family     360              63,700.00          644.95
                  14415  S UNIVERSITY                Owner Occupied          70.00           63,700.00          11.790
                  DOLTON, IL 60419                   First                  12/01/2027       91,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111502         FOCA                               One to Four Family     180              37,200.00          388.45
                  417  48TH AVENUE                   Owner Occupied          39.16           37,106.05           9.500
                  BELLWOOD, IL 60104                 First                  11/01/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111505         JORDAN                             One to Four Family     360              84,000.00          706.32
                  2248  S. KEELER                    Owner Occupied          80.00           83,958.68           9.500
                  CHICAGO, IL 60623                  First                  11/01/2027      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111511         PARKMAN                            One to Four Family     180              53,300.00          639.69
                  11460  S. LONGWOOD                 Owner Occupied          65.00           53,193.31          12.000
                  CHICAGO, IL 60643                  First                  11/01/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111513         POWELL                             One to Four Family     360              69,000.00          618.31
                  7945  SOUTH ALBANY                 Owner Occupied          71.13           68,971.07          10.250
                  CHICAGO, IL 60620                  First                  11/01/2027       97,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111514         RAYFORD                            One to Four Family     360              44,800.00          414.00
                  5526  SOUTH WELLS AVENUE           Owner Occupied          70.00           44,770.70          10.630
                  CHICAGO, IL 60621                  First                  10/01/2027       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  231    Page Balance:   $745,949.81    Generated By:  Dmenegus
<PAGE>   234
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111515         SANDERS , JR.                      One to Four Family     360             128,000.00        1,194.86
                  2424  S. KEDVALE AVENUE            Owner Occupied          80.00          128,000.00          10.750
                  CHICAGO, IL 60623                  First                  12/01/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111517         SCHMIDT                            One to Four Family     360              79,050.00          812.51
                  1624  N KOLMAR AVENUE              Owner Occupied          85.00           79,050.00          11.990
                  CHICAGO, IL 60639                  First                  12/01/2027       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111518         SMITH                              One to Four Family     360              53,600.00          496.32
                  11405  S LOOMIS                    Owner Occupied          80.00           53,600.00          10.650
                  CHICAGO, IL 60643                  First                  12/01/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111520         SPENCER                            One to Four Family     360             108,000.00        1,057.17
                  1815  DUMONT LANE                  Owner Occupied          90.00          107,964.33          11.350
                  SCHAUMBURG, IL 60194               First                  11/01/2027      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111521         STEWART                            One to Four Family     120              42,000.00          543.47
                  7815  S. HERMITAGE                 Owner Occupied          53.85           42,000.00           9.500
                  CHICAGO, IL 60620                  First                  12/01/2007       78,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111524         WELLS                              One to Four Family     360              55,250.00          547.14
                  206  W 119 STREET                  Owner Occupied          85.00           55,250.00          11.500
                  CHICAGO, IL 60628                  First                  12/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111569         SELL                               One to Four Family     180              35,000.00          313.38
                  4924  TRENT DR                     Owner Occupied          13.46           35,000.00          10.240
                  SAN JOSE, CA 95124                 Second                 11/07/2012      260,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111570         SPITALERI                          One to Four Family     240              22,200.00          264.05
                  10  SHARON DRIVE                   Owner Occupied           8.95           22,200.00          13.250
                  SAUGUS, MA 01906                   Second                 11/10/2017      248,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111774         HOLMES                             One to Four Family     180              27,200.00          317.75
                  1747  N 35TH ST                    Owner Occupied          80.00           27,200.00          11.500
                  MILWAUKEE, WI 53208                First                  11/11/2012       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112290         FORSMAN                            One to Four Family     180              39,500.00          486.85
                  R 2, BOX 153                       Owner Occupied          27.24           39,500.00          12.500
                  ASTORIA, OR 97103                  Second                 12/01/2012      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112296         MCKINNEY                           One to Four Family     180              43,500.00          396.29
                  615  LOUISE AVE                    Owner Occupied          64.93           43,500.00          10.450
                  CRAWFORDSVILLE, IN 47933           First                  11/11/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112305         WILCOXSON                          One to Four Family     120              17,900.00          246.47
                  3675  E 105TH ST                   Owner Occupied          44.75           17,900.00          10.990
                  CLEVELAND, OH 44105                First                  11/11/2007       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  232    Page Balance:   $651,164.33    Generated By:  Dmenegus
<PAGE>   235
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
TC7112306         WOODARD                            One to Four Family     180              77,000.00          756.65
                  61604  RAMBLING WAY                Owner Occupied          64.17           77,000.00          11.400
                  SOUTH LYON, MI 48178               First                  11/10/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112307         YEATER                             One to Four Family     180              38,500.00          388.62
                  7376  S R 314                      Owner Occupied          70.00           38,500.00          11.750
                  SHAUCK, OH 43349                   First                  11/10/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112373         CROSBY                             One to Four Family     360              46,400.00          506.03
                  143  ASBURY KNEECE                 Owner Occupied          79.32           46,388.90          12.800
                  PELION, SC 29123                   First                  10/23/2027       58,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112374         CURTIS                             One to Four Family     180              51,000.00          592.20
                  6321  COMPTON ROAD                 Owner Occupied          75.00           51,000.00          13.700
                  ROCKMART, GA 30153                 First                  11/06/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112390         KIRK                               One to Four Family     180              47,157.00          612.25
                  7  HOWLEY LANE                     Owner Occupied          24.18           47,075.27          13.500
                  SAVANNAH, GA 31411                 First                  10/29/2012      195,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112411         STROUP                             One to Four Family     180              36,000.00          354.86
                  32  YORK CIRCLE                    Owner Occupied          80.00           35,988.34          11.440
                  CEDARTOWN, GA 30125                First                  11/01/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112419         WILKERSON                          One to Four Family     180              54,400.00          631.68
                  62  LORDS LANE                     Owner Occupied          77.71           54,389.39          13.700
                  GREENVILLE, TN 37743               First                  10/29/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112420         WYNN                               One to Four Family     180              35,500.00          403.55
                  185  SPOUT SPRINGS RD              Owner Occupied          40.11           35,492.57          13.390
                  CAVE SPRINGS, GA 30124             First                  10/23/2012       88,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112428         FULTZ                              One to Four Family     180              38,000.00          383.58
                  3303  N 700 W                      Owner Occupied          56.72           38,000.00          11.750
                  DELPHI, IN 46923                   First                  11/13/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112429         HICKEY                             One to Four Family     180              23,000.00          272.35
                  19165  DRESDEN DR                  Owner Occupied          24.73           23,000.00          11.750
                  SOUTH BEND, IN 46637               First                  11/13/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112430         HOLLY                              One to Four Family     360              80,000.00          666.85
                  1595  DAVIS ROAD                   Owner Occupied          45.71           80,000.00           9.400
                  CHURCHVILLE, NY 14428              First                  11/13/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112432         JOHNSON                            One to Four Family     180              37,200.00          382.36
                  1026  E. 148TH AVE.                Owner Occupied          60.00           37,200.00          11.990
                  EUCLID, OH 44110                   First                  11/13/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  233    Page Balance:   $564,034.47    Generated By:  Dmenegus
<PAGE>   236
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7112453         SCHWARTZ                           One to Four Family     360              43,400.00          444.75
                  56  SAGINAW TRAIL                  Owner Occupied          57.11           43,400.00          11.950
                  GUILFORD, CT 06437                 First                  11/13/2027       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112455         STAFFORD                           One to Four Family     180              51,000.00          474.16
                  1823  NOBLE PL                     Owner Occupied          58.62           51,000.00          10.700
                  LOUISVILLE, KY 40216               First                  11/13/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112490         MORAGUES                           One to Four Family     360              28,000.00          286.93
                  3730  38TH AVE N                   Owner Occupied          51.85           27,991.90          11.950
                  ST. PETERSBURG, FL 33565           First                  11/01/2027       54,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7112661         BALMER                             One to Four Family     360             123,750.00        1,177.57
                  2835  SE 18TH COURT                Owner Occupied          75.00          123,750.00          10.990
                  CAPE CORAL, FL 33904               First                  12/01/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7115254         STRONG  SR                         One to Four Family     180              36,700.00          377.22
                  38605  NORTHAMPTON                 Owner Occupied          42.18           36,700.00          11.990
                  WESTLAND, MI 48186                 First                  11/25/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7094514         AVELLINO                           One to Four Family     360              90,000.00          994.88
                  6  BRIDLE PATH                     Owner Occupied          60.00           89,958.52          12.990
                  FARMINGVILLE, NY 11738             First                  09/15/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7095338         SOLOMON                            One to Four Family     360             121,875.00        1,159.72
                  14  ASHLEY CIRCLE                  Owner Occupied          65.88          121,787.50          10.990
                  COMMACK, NY 11275                  First                  09/03/2027      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104011         MILONE                             One to Four Family     180              17,000.00          195.90
                  24  CLARK AVENUE                   Owner Occupied          13.08           16,963.48          11.250
                  EAST HAVEN, CT 06512               Second                 10/07/2012      130,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7104012         BROWN                              One to Four Family     360              60,000.00          687.25
                  204  SPENCER STREET                Owner Occupied          40.00           59,987.75          13.500
                  BROOKLYN, NY 11212                 First                  10/16/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104110         DUBARRY                            One to Four Family     360             136,000.00        1,425.14
                  190  ALKIES STREET                 Owner Occupied          85.00          135,963.19          12.250
                  BRENTWOOD, NY 11717                First                  10/06/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104117         BAZELAIS                           One to Four Family     360             123,750.00        1,393.14
                  540  EAST 42ND STREET              Owner Occupied          75.00          123,696.24          13.250
                  BROOKLYN, NY 11203                 First                  09/29/2027      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104128         BERGIN                             One to Four Family     240              56,700.00          663.88
                  153  O'ROURKE STREET               Owner Occupied          39.10           56,649.90          12.990
                  BRENTWOOD,, NY 11717               Second                 10/20/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  234    Page Balance:   $887,848.48    Generated By:  Dmenegus
<PAGE>   237
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7104131         SERRANO                            One to Four Family     180             115,000.00        1,235.09
                  577  MEEKEN AVENUE                 Owner Occupied          71.88          114,722.29           9.990
                  BROOKLYN, NY 11222                 First                  10/27/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104143         LUNA                               One to Four Family     120              45,000.00          619.62
                  24  LOCUST STREET                  Owner Occupied           8.33           44,792.51          10.990
                  GARDEN CITY,, NY 11530             Second                 10/28/2007      540,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7104144         SIMS                               One to Four Family     360              90,000.00          856.41
                  217  03 130TH AVENUE               Owner Occupied          64.29           89,967.84          10.990
                  SPRINGFIELD GARDENS,, NY 11413     First                  10/30/2027      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105198         SUAREZ                             One to Four Family     180              90,000.00          939.80
                  914  HAVERMEYER AVENUE             Owner Occupied          42.86           89,772.70           9.500
                  BRONX, NY 10473                    Second                 10/07/2012      210,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105303         LUPO                               One to Four Family     360              67,500.00          642.30
                  D 3, BOX 80, ROUTED                Owner Occupied          75.00           67,475.89          10.990
                  WALTON, NY 13856                   First                  10/07/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105316         GABICKI                            One to Four Family     360              31,000.00          294.99
                  42  DEWEY AVENUE                   Owner Occupied          20.95           30,988.92          10.990
                  MILFORD, CT 06460                  Second                 10/15/2027      148,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105320         GREER                              One to Four Family     360              28,000.00          266.44
                  149  N. EDGEWOOD ST                Owner Occupied          80.00           27,989.99          10.990
                  PHILADELPHIA, PA 19139             First                  10/13/2027       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105328         WILCHER                            One to Four Family     360              45,500.00          502.97
                  909  N PARSONS AVENUE              Owner Occupied          65.00           45,489.57          12.990
                  SEFFNER, FL 33584                  First                  10/16/2027       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105331         DORN                               One to Four Family     180              22,000.00          253.52
                  1564  VILLAGE WAY                  Owner Occupied          13.41           21,952.73          11.250
                  MT. SHASTA, CA 96067               First                  10/13/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105341         BARAJAS                            One to Four Family     360             176,800.00        1,486.63
                  884  LAWRENCE AVENUE               Owner Occupied          85.00          176,713.04           9.500
                  WEST CHICAGO, IL 60185             First                  10/03/2027      208,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105344         GASKINS                            One to Four Family     180              20,000.00          239.91
                  1135  NAVAJO DRIVE                 Owner Occupied          50.00           19,919.45          11.990
                  BAREFOOT BAY, FL 32976             First                  10/01/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105351         GRASSO                             One to Four Family     240              10,000.00          106.64
                  7820  MONARDA DRIVE                Owner Occupied          14.93            9,989.19          11.500
                  PORT RICHEY, FL 34668              Second                 10/16/2017       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  235    Page Balance:   $739,774.12    Generated By:  Dmenegus
<PAGE>   238
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105358         LOIACONO                           One to Four Family     120              25,000.00          344.23
                  2240  ST. RT. 51                   Owner Occupied          26.32           24,884.73          10.990
                  ILLION, NY 13357                   First                  10/10/2007       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105360         YEARTON                            One to Four Family     180              23,500.00          281.89
                  961  GRAYSTONE AVE.                Owner Occupied          15.16           23,452.91          11.990
                  LEHIGH ACRES, FL 33936             Second                 10/09/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105362         SALUP                              One to Four Family     360              55,000.00          523.36
                  66  ONEIDA AVENUE                  Owner Occupied          14.47           54,980.35          10.990
                  ATLANTIC BEACH,, NY 11509          Second                 10/15/2027      380,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105368         WILHELM                            One to Four Family     360              60,000.00          616.71
                  609  EMPIRE BVD                    Owner Occupied          31.41           59,982.79          11.990
                  BROOKLYN, NY 11213                 First                  10/16/2027      191,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105369         COLANTUONI                         One to Four Family     180             130,000.00        1,337.95
                  18  GROTON DRIVE                   Owner Occupied          76.47          129,241.87           9.250
                  PT. JEFF. STA., NY 11776           First                  10/27/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105372         THOMPSON                           One to Four Family     240              20,450.00          211.08
                  2600  W 28TH STREET                Owner Occupied          24.06           20,426.38          11.000
                  RIVIERA BEACH, FL 33404            First                  10/14/2017       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105374         MARTINI                            One to Four Family     180              13,500.00          161.94
                  732  1ST AVENUE                    Owner Occupied          20.15           13,472.95          11.990
                  TROY, NY 12182                     Second                 10/15/2012       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105377         ADAMS                              One to Four Family     360              86,400.00          764.61
                  8424  S. DORCHESTER AVENUE         Owner Occupied          80.00           86,362.59          10.100
                  CHICAGO, IL 60619                  First                  10/21/2027      108,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105379         BETZLER                            One to Four Family     360              90,750.00          881.42
                  2219  WEST GREENLEAF STREE         Owner Occupied          75.00           90,719.36          11.250
                  ALLENTOWN, PA 18104                First                  10/09/2027      121,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105387         HOWARD                             One to Four Family     180              15,000.00          188.70
                  131  WINGATE AVENUE                Owner Occupied          33.71           14,972.43          12.890
                  FLORENCE, SC 29501                 First                  10/16/2012       44,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105388         MIMS                               One to Four Family     240              58,680.00          565.89
                  483  PUTNAM AVENUE                 Owner Occupied          31.72           58,602.51           9.990
                  BROOKLYN, NY 11221                 Second                 10/21/2017      185,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105394         CORLESS                            One to Four Family     180              24,000.00          261.59
                  40  LINLEY ROAD                    Owner Occupied          11.16           23,943.41          10.250
                  TRUMBULL, CT 06611                 Second                 10/24/2012      215,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  236    Page Balance:   $601,042.28    Generated By:  Dmenegus
<PAGE>   239
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105395         ENGLISH                            One to Four Family     180              48,000.00          560.73
                  315  PLEASANT VIEW COURT           Owner Occupied          34.29           47,899.27          11.500
                  COPIAGUE, NY 11726                 Second                 10/22/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105396         FAMILUSI                           One to Four Family     360              98,250.00          934.92
                  88  LINCOLN AVENUE                 Owner Occupied          75.00           98,214.89          10.990
                  WYANDANCH, NY 11798                First                  10/14/2027      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105397         BERKOWITZ                          One to Four Family     180              52,000.00          590.70
                  64  BALIN AVENUE                   Owner Occupied          31.71           51,885.53          10.990
                  SOUTH SETAUKET, NY 11733           Second                 10/14/2012      164,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105398         MCDOUGLE                           One to Four Family     180              42,000.00          490.64
                  2908  9TH ST SOUTH                 Owner Occupied          68.85           41,911.86          11.500
                  ST PETERSBURG, FL 33705            First                  10/23/2012       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105399         HALVEY                             One to Four Family     360              55,000.00          492.86
                  86  33 94TH STREET                 Owner Occupied          35.03           54,976.93          10.250
                  WOODHAVEN, NY 11421                First                  10/22/2027      157,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105400         HIGGINS                            One to Four Family     360             135,000.00        1,233.89
                  2345  LIBERTY ST.                  Owner Occupied          75.00          134,892.01          10.490
                  ALLENTOWN, PA 18104                First                  09/27/2027      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105402         SELF                               One to Four Family     360             100,300.00          916.73
                  5393  ROCKBRIDGE  ROAD             Owner Occupied          85.00          100,260.06          10.490
                  STONE MOUNTAIN, GA 30088           First                  10/20/2027      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105403         LIPTON                             One to Four Family     360              66,000.00          578.71
                  216  W CANTON ST                   Owner Occupied          75.00           65,970.74           9.990
                  BOSTON, MA 02116                   First                  10/16/2027       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105406         KELLEHER                           One to Four Family     180              21,400.00          246.60
                  3945  MICHELLE LYNN COURT          Owner Occupied          16.34           21,354.03          11.250
                  TURLOCK, CA 95380                  Second                 10/21/2012      131,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105408         LERICHE                            One to Four Family     120             121,875.00        1,644.52
                  66  CHURCH ST                      Owner Occupied          76.17          121,296.89          10.500
                  INWOOD, NY 11096                   First                  10/21/2007      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105409         PERDUE                             One to Four Family     180              20,000.00          239.91
                  1116  N. MONROE STREET             Owner Occupied          41.67           19,959.92          11.990
                  BALTIMORE, MD 21217                First                  10/20/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105410         VIDANES                            One to Four Family     180              55,250.00          636.67
                  105  SOUTH BROADWAY                Owner Occupied          65.00           55,131.30          11.250
                  BALTIMORE, MD 21231                First                  10/17/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  237    Page Balance:   $813,753.43    Generated By:  Dmenegus
<PAGE>   240
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105411         PLESCODE                           One to Four Family     180              34,460.00          370.10
                  110  POWELL PLACE                  Owner Occupied          21.14           34,376.78           9.990
                  HEMPSTEAD, NY 11550                Second                 10/07/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105415         LITTLEJOHN JR                      One to Four Family     360             110,500.00        1,010.79
                  12980  SW 267TH STREET             Owner Occupied          79.78          110,456.09          10.500
                  MIAMI, FL 33032                    First                  10/20/2027      138,500.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105416         MOSS                               One to Four Family     180             120,700.00        1,081.59
                  1349  NEST 100 NORTH               Owner Occupied          85.00          120,649.39          10.250
                  HURRICANE, UT 84737                First                  10/20/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105420         BRADLEY                            One to Four Family     120              40,000.00          512.13
                  230  EAST 88TH STREET              Owner Occupied          20.83           39,796.20           9.250
                  BROOKLYN, NY 11236                 Second                 10/27/2007      192,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105423         ROTHE                              One to Four Family     180              26,000.00          295.35
                  43  CEDAR TRAIL                    Owner Occupied          20.00           25,942.77          10.990
                  SOUTHBURY, CT 06488                Second                 10/17/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105426         LANGE                              One to Four Family     180              10,000.00          115.23
                  8533  NW 47TH ST                   Owner Occupied           5.46            9,978.52          11.250
                  CORAL SPRINGS, FL 33067            Second                 10/24/2012      183,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105427         MCGHEE                             One to Four Family     360              60,000.00          526.10
                  5745  SOUTH EMERALD                Owner Occupied          80.00           59,973.40           9.990
                  CHICAGO, IL 60621                  First                  10/16/2027       75,000.00                
- ----------------------------------------------------------------------------------------------------------------------
NC7105428         WRIGHT                             One to Four Family     360              79,000.00          692.70
                  2330  N.  BUNCHE PARK DR.          Owner Occupied          84.95           78,964.98           9.990
                  MIAMI, FL 33054                    First                  10/22/2027       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105430         PEACE                              One to Four Family     360             152,000.00        1,278.10
                  24  30 84TH STREET                 Owner Occupied          80.00          151,925.23           9.500
                  JACKSON HEIGHTS, NY 11370          First                  10/10/2027      190,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105433         ROSE                               One to Four Family     180              27,000.00          315.41
                  709  MACON PLACE                   Owner Occupied          15.88           26,943.34          11.500
                  UNIONDALE, NY 11553                Second                 10/22/2012      170,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105439         OLVERA                             One to Four Family     360              68,750.00          706.64
                  15034  SW 305 TERRACE              Owner Occupied          55.00           68,730.29          11.990
                  HOMESTEAD, FL 33033                First                  10/15/2027      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105442         SYLVESTER                          One to Four Family     360             160,000.00        1,402.93
                  440  WILLOWBROOK ROAD              Owner Occupied          80.00          159,929.07           9.990
                  CLINTON CORNERS, NY 12514          First                  10/27/2027      200,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  238    Page Balance:   $887,666.06    Generated By:  Dmenegus
<PAGE>   241
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7105443         SURDI                              One to Four Family     360             108,000.00          888.49
                  82  GOOSEBERRY RD                  Owner Occupied          74.48          107,944.01           9.250
                  MASTIC BEACH, NY 11951             First                  10/21/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105451         BRADY                              One to Four Family     180              17,400.00          220.04
                  1711  MISTY MESDOW LANE            Owner Occupied           9.94           17,368.32          12.990
                  GARNER, NC 27529                   Second                 10/17/2012      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105454         PABON                              One to Four Family     240              20,600.00          226.68
                  10  LAKEWOOD DRIVE                 Owner Occupied           9.54           20,579.15          11.990
                  NORWALK, CT 06851                  Second                 10/17/2017      216,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105456         HOLT                               One to Four Family     360              50,000.00          429.58
                  1332  SE 44TH ST                   Owner Occupied          74.63           49,976.67           9.750
                  CAPE CORAL, FL 33904               First                  10/15/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105459         GIGNAC                             One to Four Family     180              78,750.00          690.51
                  90  MAIN ST                        Owner Occupied          75.00           78,715.08           9.990
                  BURRILLVILLE, RI 02839             First                  10/24/2012      105,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105461         GRIMM                              One to Four Family     240              55,000.00          586.16
                  3037  POINT OF ROCKS ROAD          Owner Occupied          39.29           54,940.47          11.490
                  JEFFERSON, MD 21755                First                  10/27/2017      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7105475         SHEPPARD                           One to Four Family     360              67,000.00          637.55
                  856  BEECH STREET                  Owner Occupied          74.44           66,976.06          10.990
                  MANCHESTER, NH 03104               First                  10/22/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7107005         HIGBY                              One to Four Family     180              60,000.00          655.45
                  579  LAKESIDE DRIVE                Owner Occupied          33.33           59,859.05          10.290
                  HOLLAND, PA 18966                  Second                 10/27/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7107006         TEFANKJIAN                         One to Four Family     360             128,000.00        1,381.01
                  4501  HARBOR BEACH                 Owner Occupied          80.00          127,968.32          12.650
                  BRIGANTINE,, NJ 08203              First                  10/24/2027      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7107009         BUPP                               One to Four Family     120              17,000.00          232.73
                  2007  EAST LETTERLY                Owner Occupied          80.95           17,000.00          10.850
                  PHILADELPHIA,, PA 19125            First                  11/05/2007       21,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7107011         JUBECK                             One to Four Family     360             128,625.00        1,462.17
                  719  TRENTON ROAD                  Owner Occupied          70.00          128,598.07          13.390
                  LANGHORNE,, PA 19047               First                  10/30/2027      184,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7108512         HOEY                               One to Four Family     180              76,000.00          899.94
                  11  CHARLES COURT                  Owner Occupied          29.57           75,844.23          11.750
                  EDISON, NJ 08820                   Second                 11/01/2012      257,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  239    Page Balance:   $805,769.43    Generated By:  Dmenegus
<PAGE>   242
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7108513         ROBLES                             One to Four Family     180              24,000.00          262.33
                  7  LUGO LANE                       Owner Occupied          20.87           23,943.67          10.300
                  PLATTEKILL,, NY 12568              Second                 11/01/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7113002         LOPEZ                              One to Four Family     180              25,000.00          292.05
                  2002  N. 4TH ST                    Owner Occupied          45.45           25,000.00          11.500
                  PHILADELPHIA,, PA 19122            First                  11/03/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7113004         MATTSON, JR                        One to Four Family     180              45,000.00          525.69
                  28  W. MILLBROOKE AVENUE           Owner Occupied          40.91           45,000.00          11.500
                  WOODSTOWN, NJ 08098                Second                 11/03/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7113005         DARCY                              One to Four Family     240              60,000.00          599.03
                  30  BYWATER LANE                   Owner Occupied          52.17           60,000.00          10.500
                  BRIDGEPORT,, CT 06605              First                  11/05/2017      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7113006         HASWELL                            One to Four Family     180              20,000.00          256.35
                  3820  DELAWARE AVENUE              Owner Occupied          23.53           19,964.48          13.250
                  PENNSAUKEN, NJ 08109               Second                 11/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7115042         SIDDIQU                            One to Four Family     180              93,200.00          905.22
                  5108  SIMMONS BRANCH TRAIL         Owner Occupied          78.98           93,136.76          11.250
                  RALEIGH,, NC 27606                 First                  10/01/2012      118,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7115096         WILSON                             One to Four Family     180              27,500.00          335.19
                  8506  SE BAYBERRY TERRACE          Owner Occupied          13.96           27,446.46          12.290
                  HOBE SOUND, FL 33455               Second                 10/28/2012      197,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7115112         DODSON                             One to Four Family     180              16,300.00          208.92
                  2209  BONNEVILLE DR                Owner Occupied          29.64           16,241.06          13.250
                  ORLANDO, FL 32826                  Second                 10/27/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118101         LOGAN                              One to Four Family     180              37,425.00          472.92
                  8932  MAYFIELD                     Owner Occupied          74.85           37,419.58          14.990
                  JENNINGS, MO 63136                 First                  11/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118104         REEPS                              One to Four Family     360             112,000.00        1,151.19
                  1120  CLARKSON AVENUE              Owner Occupied          56.00          111,699.37          11.990
                  BROOKLYN,, NY 11212                First                  08/01/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118105         RANDAZZO                           One to Four Family     240              79,000.00          814.90
                  345  36TH STREET                   Owner Occupied          54.11           78,908.61          10.990
                  LINDENHURST, NY 11757              First                  10/30/2017      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7118110         THOMAS                             One to Four Family     180             100,000.00        1,263.65
                  3522  TREE SERVICE LANE            Owner Occupied          55.56           99,970.86          14.990
                  TRASKWOOD, AR 72167                First                  10/01/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  240    Page Balance:   $638,730.85    Generated By:  Dmenegus
<PAGE>   243
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7119100         SCOTT                              One to Four Family     180              80,000.00          988.62
                  318  NANCY DRIVE                   Owner Occupied          57.14           80,000.00          12.550
                  PT PLEASANT, NJ 08742              First                  11/03/2012      140,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7119107         ROSA                               One to Four Family     360              91,000.00        1,003.09
                  216  LEWIS ST                      Owner Occupied          68.94           90,978.95          12.950
                  PERTH AMBOY, NJ 08861              First                  10/13/2027      132,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7119113         VANEGAS SR                         One to Four Family     240              38,400.00          383.38
                  781  CLIFTON AVENUE                Owner Occupied          22.72           38,352.62          10.500
                  NEWARK, NJ 07104                   Second                 10/27/2017      169,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7119115         JACKSON III                        One to Four Family     180              21,250.00          236.88
                  129  WASHINGTON AVENUE             Owner Occupied          11.61           21,201.71          10.650
                  HAWTHORNE, NJ 07506                Second                 10/22/2012      183,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7110097         VIGNIERI                           One to Four Family     180             184,875.00        1,656.67
                  83  READING AVE                    Owner Occupied          85.00          184,797.47          10.250
                  STATEN ISLAND, NY 10312            First                  10/15/2012      217,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7120015         FOWLSTON                           One to Four Family     180              51,750.00          542.29
                  91  MAPLE STREET                   Owner Occupied          75.00           51,750.00          12.250
                  ONEONTA, NY 13820                  First                  12/01/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7120022         HORTON                             One to Four Family     180              41,800.00          519.28
                  403  WESTER STREET                 Owner Occupied          66.35           41,721.36          12.650
                  SYRACUSE, NY 13204                 First                  11/01/2012       63,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7100076         CASARES                            One to Four Family     120              16,000.00          205.72
                  612  GRANT STREET                  Owner Occupied          35.56           16,000.00           9.350
                  FREMONT, OH 43420                  First                  11/05/2007       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110020         BOTTOMS                            One to Four Family     180              16,000.00          183.37
                  58  ANGEVINE AVENUE                Owner Occupied          10.67           16,000.00          11.150
                  HEMPSTEAD, NY 11550                Second                 12/01/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110022         PLUNKETT                           One to Four Family     180              48,000.00          502.39
                  1607  HAVERHILL AVENUE             Owner Occupied          73.85           48,000.00           9.540
                  PIQUA, OH 45356                    First                  12/01/2012       65,000.99                 
- ---------------------------------------------------------------------------------------------------------------------- 
MD7110023         NOURY                              One to Four Family     300              29,000.00          268.65
                  172  LEIGH ROAD                    Owner Occupied          42.65           29,000.00          10.250
                  CUMBERLAND, RI 02864               First                  12/01/2022       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7120031         VAN NOSTRAND                       One to Four Family     360              30,000.00          281.17
                  33  OZARK STREET                   Owner Occupied          19.35           30,000.00          10.800
                  SUFFOLK, NY 11779                  Second                 12/01/2027      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  241    Page Balance:   $647,802.11    Generated By:  Dmenegus
<PAGE>   244
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>                 <C>
MC7120034         OLSEN                              One to Four Family     180              72,750.00          665.47
                  12  CORNING  STREET                Owner Occupied          75.00           72,721.09          10.500
                  ALBANY, NY 12205                   First                  11/01/2012       97,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7090857         LEONARD JR                         One to Four Family     360              75,000.00          806.27
                  4335  CREEDS MILL PLACE            Owner Occupied          50.00           75,000.00          12.600
                  MARBURY, MD 20658                  First                  12/01/2027      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110158         KEMP                               One to Four Family     180              29,500.00          361.25
                  17864  ANGLIN                      Owner Occupied          73.75           29,500.00          14.500
                  DETROIT, MI 48212                  First                  11/18/2012       40,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7111115         MILLER                             One to Four Family     240              48,000.00          496.76
                  528  COSTNER STREET                Owner Occupied          80.00           48,000.00          11.040
                  MOUNT HOLLY, NC 28120              First                  11/20/2017       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115329         DANIEL                             One to Four Family     180              95,000.00          922.70
                  4352  ASHFORD LANE                 Owner Occupied          35.06           94,967.93          11.250
                   FAIRFAX, VA 22032                 Second                 11/01/2012      271,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7115514         BUTLER                             One to Four Family     180              53,000.00          680.72
                  T 1021 BUTLERS LEDGE               Owner Occupied          77.94           52,520.79          13.290
                  WEST TREMONT, ME 04690             First                  07/01/2012       68,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7115519         CULLEN                             One to Four Family     180              38,400.00          397.51
                  11104  LEON-NEW ALBION RD          Owner Occupied          80.00           38,202.61           9.350
                  LEON, NY 14733                     First                  10/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116023         PEIL                               One to Four Family     360              96,000.00          894.70
                  28972  BESTE                       Owner Occupied          79.34           95,963.70          10.730
                  ST CLAIR SHORES, MI 48081          First                  11/01/2027      121,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116102         GASKINS                            One to Four Family     360              89,625.00          852.84
                  1420  WEST RD                      Owner Occupied          75.00           89,625.00          10.990
                  SALISBURY, MD 21801                First                  11/26/2027      119,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7116104         RIDGLEY                            One to Four Family     180              31,500.00          309.54
                  815  NORTH DUKELAND ST             Owner Occupied          73.26           31,500.00          11.400
                  BALTIMORE, MD 21216                First                  11/26/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7120061         EDWARDS                            One to Four Family     180              30,000.00          294.80
                  9218  PITS ROAD                    Owner Occupied          18.52           30,000.00          11.400
                  BERLIN, MD 21811                   First                  12/01/2012      162,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
AD7110059         AUKETT                             One to Four Family     180              72,000.00          774.02
                  1948  MAPLE AVE                    Owner Occupied          80.00           72,000.00          12.600
                  CROYDON, PA 19021                  First                  11/18/2012       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  242    Page Balance:   $730,001.12    Generated By:  Dmenegus
<PAGE>   245
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110230         AHMED                              One to Four Family     360             131,750.00        1,253.69
                  3016  STONEYBROOK DRI              Owner Occupied          85.00          131,702.92          10.990
                  BOWIE, MD 20715                    First                  10/21/2027      155,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110234         ALEXANDER                          One to Four Family     180              28,000.00          305.19
                  7031  PINECREST DR                 Owner Occupied          30.11           27,933.98          10.250
                  DOUGLASVILLE, GA 30134             Second                 10/22/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110237         ARMSTRONG                          One to Four Family     132              40,000.00          489.55
                  259  THURBER STREET                Owner Occupied          74.07           39,827.12           9.500
                  SYRACUSE, NY 13210                 First                  10/22/2008       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110243         BENEDICT                           One to Four Family     180              87,000.00          712.58
                  3233  SE GLADSTONE ST              Owner Occupied          66.92           86,198.67           9.200
                  PORTLAND, OR 97202                 First                  11/01/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110256         BUSH                               One to Four Family     120              17,500.00          238.10
                  6207  1/2 LAKE ROAD                Owner Occupied          50.00           17,417.94          10.700
                  ASHTABULA, OH 44004                First                  10/28/2007       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110257         BUTLER                             One to Four Family     180              65,000.00          604.32
                  2309  N 4TH ST                     Owner Occupied          68.42           64,975.26          10.700
                  COLS, OH 43202                     First                  10/24/2012       95,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110288         ESPEJO                             One to Four Family     180              67,000.00          587.97
                  13  PLAZA DE MEDIO                 Owner Occupied          65.05           66,940.48          10.000
                  ARROYO HONDO, NM 87513             First                  09/29/2012      103,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110365         REIN                               One to Four Family     180              40,000.00          350.73
                  247  LYNN STREET                   Owner Occupied          15.09           39,982.27           9.990
                  HARRINGTON PARK, NJ 07640          First                  10/24/2012      265,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110369         RISHER                             One to Four Family     180              88,000.00          736.74
                  1303  BISON NW                     Owner Occupied          80.00           87,956.26           9.450
                  MASSILLON, OH 44647                First                  10/27/2012      110,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110372         SALISBURY                          One to Four Family     180              84,000.00          752.73
                  13763  ELWELL ROAD                 Owner Occupied          70.89           83,964.77          10.250
                  BELLEVILLE, MI 48111               First                  10/21/2012      118,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110390         VALDEZ                             One to Four Family     180              20,900.00          248.15
                  10816  ACADEMY RIDGE ROAD N        Owner Occupied          13.06           20,857.37          11.800
                  ALBUQUERQUE, NM 87111              Second                 10/28/2012      160,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110392         WALSTON                            One to Four Family     180              30,000.00          331.62
                  26  FORDS LANE                     Owner Occupied          20.55           29,930.88          10.500
                  SOUTHAMPTON, NY 11968              First                  10/28/2012      146,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  243    Page Balance:   $697,687.92    Generated By:  Dmenegus
<PAGE>   246
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110509         HEIDEN                             One to Four Family     360              92,000.00          981.88
                  19  CONCORD DRIVE                  Owner Occupied          63.45           92,000.00          12.500
                  HOLTSVILLE, NY 11742               First                  11/04/2027      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110619         VINCENT                            One to Four Family     180              19,650.00          223.21
                  4111  FLAT CREEK RD.               Owner Occupied          22.08           19,650.00          10.990
                  LANCASTER, SC 29720                Second                 07/02/2012       89,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110796         SCHMUFF                            One to Four Family     360             148,750.00        1,360.67
                  1322  EDNA ROAD                    Owner Occupied          85.00          148,750.00          10.500
                  PASADENA, MD 21122                 First                  11/05/2027      175,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110798         VAILLANCOURT                       One to Four Family     240             152,000.00        1,416.84
                  18  LAUREL HILL ROAD               Owner Occupied          84.92          152,000.00           9.500
                  BRANFORD, CT 00000                 First                  11/03/2017      179,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111011         HAWKINS                            One to Four Family     180              39,000.00          346.58
                  3439  41 N. BROADWAY AVENU         Owner Occupied          65.00           38,983.30          10.150
                  INDIANAPOLIS, IN 46205             First                  10/29/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111012         HAYTCHER                           One to Four Family     180              69,266.00          654.41
                  4010  HUNNINGTON                   Owner Occupied          85.00           69,240.76          10.900
                  CONROE, TX 77303                   First                  10/21/2012       83,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111019         KOZLOWSKI                          One to Four Family     360              98,500.00          919.48
                  192  HART BOULVARD                 Owner Occupied          49.25           98,462.92          10.750
                  STATEN ISLAND, NY 10301            First                  10/29/2027      200,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111330         BODIN                              One to Four Family     180             104,950.00          998.68
                  562  OGDEN CANYON                  Owner Occupied          84.98          104,912.49          10.990
                  OGDEN, UT 84401                    First                  10/28/2012      124,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111334         BROCK                              One to Four Family     180              28,000.00          338.21
                  287  RIDGE ROAD                    Owner Occupied          57.14           27,995.22          14.290
                  LAFAYETTE, GA 30728                First                  11/01/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111337         BUTLER                             One to Four Family     180              45,500.00          544.17
                  14221  TRISKETT ROAD, #301E        Owner Occupied          70.00           45,491.97          14.140
                  CLEVELAND, OH 44108                First                  10/23/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111338         CAMERON                            One to Four Family     180              62,000.00          661.22
                  812  ESTES LANE                    Owner Occupied          66.88           61,984.10          12.490
                  HOLLY SPRINGS, NC 27540            First                  10/21/2012       92,697.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111339         CARUFEL                            One to Four Family     360              44,200.00          454.31
                  1317  26 STREET NW                 Owner Occupied          85.00           44,187.32          11.990
                  WINTER HAVEN, FL 33881             First                  11/01/2027       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  244    Page Balance:   $903,658.08    Generated By:  Dmenegus
<PAGE>   247
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111342         COPELAND                           One to Four Family     180              33,750.00          367.82
                  731  RICHMOND ST                   Owner Occupied          75.00           33,741.90          12.790
                  MACON, GA 31206                    First                  10/28/2012       45,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111346         CROSSLEY                           One to Four Family     240              48,850.00          544.71
                  998  NORTH LAKE DRIVE              Owner Occupied          89.96           48,801.93          12.200
                  DUBLIN, GA 31027                   First                  11/01/2017       54,300.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111363         FROST                              One to Four Family     180              61,200.00          676.52
                  12940  SWARTZ ROAD                 Owner Occupied          85.00           61,185.97          12.990
                  ATHENS, OH 45701                   First                  10/27/2012       72,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111365         GARCIA                             One to Four Family     180              88,900.00          913.76
                  14700  SW 57TH TERRACE             Owner Occupied          70.00           88,874.50          11.990
                  MAIMI, FL 33193                    First                  10/28/2012      127,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111366         GERMAN                             One to Four Family     180              64,600.00          663.99
                  2125  NW 171ST STREET              Owner Occupied          85.00           64,581.47          11.990
                  MIAMI, FL 33056                    First                  10/23/2012       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111367         GILLETT                            One to Four Family     180              43,850.00          547.11
                  2514  JAVA PLUM AVENUE             Owner Occupied          58.47           43,843.34          14.790
                  SARASTOA, FL 34232                 First                  11/01/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111374         HEDLESTON                          One to Four Family     180             125,000.00        1,096.05
                  2724  SE 13TH COURT                Owner Occupied          54.35          124,944.58           9.990
                  POMPANO BEACH, FL 33062            First                  10/28/2012      230,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111375         HINKLE                             One to Four Family     180              22,000.00          271.02
                  4513  NORTH INDEPENDENCE A         Owner Occupied          31.88           21,957.96          12.490
                  PEORIA, IL 61614                   First                  11/01/2012       69,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111381         JAQUEZ                             One to Four Family     180              50,000.00          529.37
                  4937  SOUTH PAULINA AVENUE         Owner Occupied          62.50           49,986.88          12.390
                  CHICAGO, IL 60609                  First                  11/01/2012       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111389         LEONARD                            One to Four Family     180              68,000.00          596.25
                  2524  FRIDAY ROAD                  Owner Occupied          80.00           67,969.85           9.990
                  COCOA, FL 32926                    First                  10/28/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111391         LYNCH                              One to Four Family     180              37,250.00          384.31
                  2808  LITTLE KYGER RD              Owner Occupied          74.50           37,239.43          12.040
                  CHESHIRE, OH 45620                 First                  11/01/2012       50,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111394         MARTINEZ                           One to Four Family     180              10,000.00          126.46
                  4211  SW 104 AVE                   Owner Occupied           8.33            9,981.79          12.990
                  MIAMI, FL 33165                    Second                 10/27/2012      120,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  245    Page Balance:   $653,109.60    Generated By:  Dmenegus
<PAGE>   248
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111396         MCCUMBEE                           One to Four Family     240              54,950.00          593.22
                  3900  SIDNEY CHERRY GROVE          Owner Occupied          70.00           54,892.08          11.690
                  CLARENDON, NC 28432                First                  10/27/2017       78,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111400         MEDEROS                            One to Four Family     180             144,000.00        1,321.54
                  18855  SW 296 ST                   Owner Occupied          80.00          143,943.26          10.540
                  HOMESTEAD, FL 33030                First                  10/24/2012      180,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111406         MORRISON                           One to Four Family     180             100,000.00        1,027.85
                  2075  ZEPHYR STREET                Owner Occupied          65.36           99,971.32          11.990
                  LAKEWOOD, CO 80215                 First                  10/27/2012      153,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111412         OAKLEY                             One to Four Family     180              53,500.00          558.34
                  921  NORTH HUMPHEY                 Owner Occupied          31.66           53,364.76           9.490
                  OAK PARK, IL 60302                 Second                 11/01/2012      169,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111415         OCHOA                              One to Four Family     180              52,000.00          490.90
                  3521  WEST LATHAM STREET           Owner Occupied          80.00           51,981.00          10.890
                  PHOENIX, AZ 85009                  First                  11/01/2012       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111419         PHILLIPS                           One to Four Family     180              39,200.00          389.40
                  3727  PEARL STREET                 Owner Occupied          80.00           39,176.97          11.540
                  FT. MYERS, FL 33916                First                  11/01/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111420         PINEIRO                            One to Four Family     240             102,000.00        1,052.14
                  8491  NW 185TH STREET              Owner Occupied          70.34          101,882.01          10.990
                  MIAMI, FL 33015                    First                  11/01/2017      145,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111421         POLLOCK                            One to Four Family     240              24,000.00          239.45
                  1232  UPHAM STREET                 Owner Occupied          25.26           23,970.35          10.490
                  LAKEWOOD, CO 80215                 Second                 10/27/2017       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111422         POLZAK                             One to Four Family     180              26,000.00          303.57
                  1900  SEWARD STREET                Owner Occupied          16.25           25,945.38          11.490
                  EVANSTON, IL 60202                 Second                 10/27/2012      160,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111424         PORTER                             One to Four Family     180              61,000.00          662.89
                  2914  RIVER RIDGE DRIVE            Owner Occupied          79.22           60,985.24          12.750
                  ATLANTA, GA 30354                  First                  11/01/2012       77,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111426         PUGH                               One to Four Family     180             109,000.00        1,008.50
                  355  LAGOSHEN DRIVE                Owner Occupied          70.32          108,957.97          10.640
                  MOSCOW, TN 38057                   First                  10/15/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111430         REEVES                             One to Four Family     180              18,100.00          227.11
                  2925  EAST JAVALINA AVENUE         Owner Occupied          22.07           18,066.56          12.840
                  MESA, AZ 85204                     Second                 11/01/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  246    Page Balance:   $783,136.90    Generated By:  Dmenegus
<PAGE>   249
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                    
- ----------------------------------------------------------------------------------------------------------------------
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111442         STRICKLAND                         One to Four Family     180              43,200.00          444.03
                  36  LE PARC FONTAINE               Owner Occupied          80.00           43,200.00          11.990
                  LITHONIA, GA 30038                 First                  11/03/2012       54,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111448         VASQUEZ                            One to Four Family     240              21,450.00          235.29
                  20129  SW 123RD STREET             Owner Occupied          35.16           21,428.14          11.940
                  MIAMI, FL 33177                    Second                 10/27/2017       61,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111452         ZUCCARELL                          One to Four Family     180              85,000.00          834.63
                  736  WEST TEMPERANCE ROAD          Owner Occupied          85.00           84,972.16          11.390
                  TEMPERANCE, MI 48182               First                  11/01/2012      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111454         WILLIAMS                           One to Four Family     180              35,000.00          370.56
                  1729  31  COLLAMER AVE             Owner Occupied          51.47           34,990.82          12.390
                  EAST CLEVELAND, OH 44112           First                  10/28/2012       68,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111483         DAVIS                              One to Four Family     180              87,200.00        1,019.42
                  33666  HAZELWOOD                   Owner Occupied          80.00           87,200.00          13.800
                  WESTLAND, MI 48186                 First                  11/03/2012      109,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111487         HALABI                             One to Four Family     180              65,250.00          683.76
                  7813  COLEMAN                      Owner Occupied          75.00           65,250.00          12.250
                  DEARBORN, MI 48126                 First                  11/05/2012       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111492         ROBB                               One to Four Family     180              19,177.00          204.91
                  1304  MULBERRY                     Owner Occupied          31.96           19,177.00           9.900
                  MT VERNON, IN 47620                Second                 11/03/2012       60,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111494         TOBIN                              One to Four Family     180              54,600.00          701.32
                  5477  N. IRISH                     Owner Occupied          65.00           54,592.56          15.250
                  DAVISON, MI 48423                  First                  10/21/2012       84,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111495         TREHAN                             One to Four Family     180              20,100.00          196.76
                  1209  GREENWOOD AVENUE             Owner Occupied          71.79           20,100.00          11.350
                  TOLEDO, OH 43605                   First                  11/10/2012       28,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111529         AMBROSIO                           One to Four Family     180              97,500.00          994.65
                  14524  SW 139TH AVENUE CIRC        Owner Occupied          74.43           97,471.41          11.890
                  MIAMI  (UNINCORP.), FL 33186       First                  11/01/2012      140,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111535         NOBLES , JR                        One to Four Family     180              33,600.00          319.73
                  4009  11 MALLORY E                 Owner Occupied          70.00           33,600.00          10.990
                  MEMPHIS, TN 38111                  First                  11/05/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111537         NOBLES                             One to Four Family     180              33,600.00          319.73
                  4025  27 MALLORY E                 Owner Occupied          70.00           33,600.00          10.990
                  MEMPHIS, TN 38111                  First                  11/05/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  247    Page Balance:   $595,582.09    Generated By:  Dmenegus
<PAGE>   250
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111538         NOBLES                             One to Four Family     180              30,100.00          286.43
                  2683  85 BEECHMONT                 Owner Occupied          70.00           30,100.00          10.990
                  MEMPHIS, TN 38127                  First                  11/05/2012       43,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111539         OSTROWSKI                          One to Four Family     240             112,500.00        1,084.91
                  3608  ARROWWOOD DRIVE              Owner Occupied          75.00          112,351.65           9.990
                  RALEIGH, NC 27604                  First                  10/27/2017      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111541         PINEDA                             One to Four Family     180             108,700.00        1,034.36
                  8291  SW 157TH PLACE               Owner Occupied          84.97          108,661.15          10.990
                  MIAMI, FL 33193                    First                  11/01/2012      133,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111542         RODRIGUEZ                          One to Four Family     360              81,000.00          740.34
                  20310  SW 103RD AVENUE             Owner Occupied          90.00           80,967.74          10.490
                  MIAMI, FL 33189                    First                  10/27/2027       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111545         SHUMATE                            One to Four Family     360              46,750.00          476.93
                  205  PALOMINO LANE                 Owner Occupied          85.00           46,736.28          11.890
                  WARNER ROBINS, GA 31088            First                  11/01/2027       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111549         TATUM                              One to Four Family     180             119,000.00        1,123.39
                  6490  NC HIGHWAY 135               Owner Occupied          83.80          118,912.67          10.890
                  STONEVILLE, NC 27048               First                  10/01/2012      142,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111578         BOWER                              One to Four Family     360              27,750.00          274.60
                  701  WEST YORK                     Owner Occupied          75.00           27,741.11          11.490
                  ENID, OK 73701                     First                  11/01/2027       37,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111581         DEBOSE                             One to Four Family     360              19,800.00          222.75
                  OUT 1 BOX 3078                     Owner Occupied          64.92           19,795.46          13.240
                  FORT GIBSON, OK 74434              First                  11/01/2027       30,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111582         EGAN                               One to Four Family     360              24,500.00          217.28
                  2620  PUTNAM ST                    Owner Occupied          70.00           24,489.54          10.130
                  FORT WORTH, TX 76112               First                  11/01/2027       35,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111585         FURLOW                             One to Four Family     360              58,400.00          534.21
                  1209  GREENBRIAR LANE              Owner Occupied          80.00           58,376.00          10.500
                  LANCASTER, TX 75146                First                  11/01/2027       73,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111588         MARTINEZ                           One to Four Family     360              75,000.00          742.72
                  4118  GERONIMO LAKE DRIVE          Owner Occupied          79.87           74,951.83          11.500
                  HOUSTON, TX 77047                  First                  10/01/2027       94,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111591         MOTT                               One to Four Family     180              34,500.00          368.11
                  408  ARBORLAWN DRIVE               Owner Occupied          27.71           34,415.94           9.880
                  BURLESON, TX 76028                 First                  11/01/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  248    Page Balance:   $737,499.37    Generated By:  Dmenegus
<PAGE>   251
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7111594         ROCKMORE                           One to Four Family     360              20,800.00          207.97
                  1900  OVERBROOK DRIVE              Owner Occupied          80.00           20,793.53          11.630
                  OKLAHOMA CITY, OK 73121            First                  11/01/2027       26,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111595         TREVINO                            One to Four Family     360              72,150.00          632.64
                  800  WHITEHALL DRIVE               Owner Occupied          84.98           72,118.01           9.990
                  PLANO, TX 75023                    First                  11/01/2027       87,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111596         VAN ZANT                           One to Four Family     360              65,000.00          643.69
                  6328  BELCHER AVENUE NE            Owner Occupied          56.52           64,979.23          11.500
                  ALBUQUERQUE, TX 87109              First                  11/01/2027      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111723         SANTOS                             One to Four Family     240              57,000.00          549.68
                  425  SOUTH BOULEVARD               Owner Occupied          75.00           57,000.00           9.990
                  DAVENPORT, FL 33837                First                  11/05/2017       76,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111729         SMITH                              One to Four Family     180              70,550.00          794.23
                  1812  INGRAM ROAD                  Owner Occupied          85.00           70,478.86          13.250
                  BALTIMORE, MD 21239                First                  09/25/2012       83,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111731         SMITH                              One to Four Family     240              58,000.00          588.83
                  11  EAST HIGH STREET               Owner Occupied          72.50           57,929.58          10.750
                  SEAFORD, DE 19973                  First                  11/01/2017       80,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111732         SMITH                              One to Four Family     180              26,000.00          320.46
                  6319  NEWTON CIRCLE                Owner Occupied          39.39           25,950.37          12.500
                  TAMPA, FL 33615                    Second                 10/20/2012       66,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111733         STERNA                             One to Four Family     180              97,750.00          821.93
                  5758  ROOSEVELT STREET             Owner Occupied          79.90           97,701.92           9.500
                  MONEE, IL 60449                    First                  09/20/2012      123,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111734         STONER                             One to Four Family     180             120,000.00        1,052.20
                  56  NORTH BERLIN AVENUE            Owner Occupied          80.00          119,946.80           9.990
                  OREGON, OH 43616                   First                  10/10/2012      150,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111736         THOMPSON                           One to Four Family     240              34,000.00          398.09
                  1324  MAVERICK AVENUE              Owner Occupied          61.82           34,000.00          12.990
                  APOPKA, FL 32703                   First                  10/10/2017       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111763         ARNEY                              One to Four Family     180              25,200.00          265.04
                  1605  CLARK AV SW                  Owner Occupied          70.00           25,200.00          12.300
                  CANTON, OH 44706                   First                  11/03/2012       36,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111771         GENTILE                            One to Four Family     180              84,000.00          889.86
                  255  RESERVIOR ROAD                Owner Occupied          54.19           84,000.00           9.750
                  GOSHEN, NY 10924                   First                  11/12/2012      155,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  249    Page Balance:   $730,098.30    Generated By:  Dmenegus
<PAGE>   252
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7112607         MENEDEZ                            One to Four Family     180              81,200.00          811.56
                  5243  S.W. 152ND COURT             Owner Occupied          70.00           81,174.73          11.620
                  MIAMI, FL 33185                    First                  11/01/2012      116,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112732         BURNS                              One to Four Family     180              23,000.00          265.04
                  206  GARFIELD DRIVE                Owner Occupied          19.33           23,000.00          11.250
                  GRAND JUNCTION, CO 81503           Second                 11/17/2012      119,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112737         CHASSAGNE                          One to Four Family     120              16,660.00          233.28
                  22  HONEYCOMB ROAD                 Owner Occupied          17.91           16,660.00          11.400
                  BALTIMORE, MD 21220                Second                 11/15/2007       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112738         CODER                              One to Four Family     180              14,462.00          190.66
                  1560  CAMBRIDGE DRIVE              Owner Occupied           8.76           14,462.00          13.800
                  LONGMONT, CO 80503                 Second                 11/04/2012      165,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7112739         DALRYMPLE                          One to Four Family     180              16,700.00          200.32
                  1944  S. FRANKILN STREET           Owner Occupied          12.37           16,700.00          11.990
                  DENVER, CO 80210                   Second                 11/14/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7113027         CRUZ                               One to Four Family     360              52,000.00          475.67
                  320  FROST PROOF DRIVE             Owner Occupied          80.00           52,000.00          10.500
                  WESLACOK, TX 78596                 First                  12/01/2027       65,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7113028         DEPPERT                            One to Four Family     360             166,800.00        1,588.48
                  11207  PATRIDGE DRIVE              Owner Occupied          80.00          166,740.52          11.000
                  HOUSTON, TX 77070                  First                  11/01/2027      209,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7113029         GRIFFIN                            One to Four Family     360              35,000.00          373.27
                  2212  NW 25TH STREET               Owner Occupied          47.30           35,000.00          12.490
                  OKLAHOMA CITY, OK 73107            First                  12/01/2027       74,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7113033         PRADA                              One to Four Family     360             124,500.00        1,184.71
                  URAL ROUTE 19 DE LOS               Owner Occupied          75.00          124,500.00          10.990
                  SANTA FE, NM 87505                 First                  12/01/2027      166,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7113034         STEVENSON                          One to Four Family     360              70,100.00          647.80
                  5355  MAIN STREET                  Owner Occupied          84.97           70,100.00          10.630
                  BAY CITY, OR 91736                 First                  12/01/2027       82,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7111030         DORAN                              One to Four Family     360             185,000.00        1,521.95
                  6  YALE DRIVE                      Owner Occupied          74.00          185,000.00           9.250
                  ROXBURY, NJ 07876                  First                  11/05/2027      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
NC7111032         TRICE                              One to Four Family     180              23,800.00          300.98
                  430  LEGION ROAD                   Owner Occupied          17.63           23,800.00          12.990
                  DENTON, MD 21629                   Second                 11/17/2012      135,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  250    Page Balance:   $809,137.25    Generated By:  Dmenegus
<PAGE>   253
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
NC7111037         HILL                               One to Four Family     180              70,000.00          715.21
                  3861  WISTERIA LANE SW             Owner Occupied          75.27           70,000.00           9.130
                  ATLANTA, GA 30331                  First                  11/13/2012       93,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7090124         DOYLE                              One to Four Family     180              63,750.00          651.82
                  81  KIBBEE                         Owner Occupied          75.00           63,731.43          11.920
                  MOUNT CLEMENS, MI 48043            First                  11/01/2012       85,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110033         LOCKWITZ                           One to Four Family     180              25,160.00          273.42
                  2714  SOUTH MAIN STREET            Owner Occupied          80.00           25,160.00          12.750
                  SOUTH BEND, IN 46614               First                  12/01/2012       31,450.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7100267         LAUTURE                            One to Four Family     360             212,500.00        2,292.68
                  29  BEAL ST                        Owner Occupied          85.00          212,394.29          12.650
                  STAMFORD, CT 06902                 First                  10/01/2027      252,000.00                
- ----------------------------------------------------------------------------------------------------------------------
MC7120017         TALBIRD                            One to Four Family     180              36,000.00          391.21
                  832  GRANT AVENUE                  Owner Occupied          75.00           36,000.00          12.750
                  SCHENECTADY, NY 12303              First                  12/01/2012       48,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
MC7120036         KIVELIN                            One to Four Family     180              84,800.00          855.98
                  6  RACHLIN LANE                    Owner Occupied          73.74           84,800.00          11.750
                  ALBANY, NY 12211                   First                  12/01/2012      115,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7110385         SMITH                              One to Four Family     240              15,000.00          155.75
                  5208  SHERIFF ROAD                 Owner Occupied          20.00           15,000.00          11.090
                  WASHINGTON, DC 20019               First                  12/01/2017       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7120188         YEAGER                             One to Four Family     360              28,000.00          291.25
                  532  SOUTH NORTON                  Owner Occupied          66.67           28,000.00          12.150
                  KANSAS CITY, MO 64124              First                  12/01/2027       42,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125015         HAMPTON                            One to Four Family     300              73,500.00          856.19
                  1527  N LUNA                       Owner Occupied          70.00           73,500.00          13.490
                  CHICAGO, IL 60651                  First                  11/03/2022      105,000.00                
- ----------------------------------------------------------------------------------------------------------------------
FC7125175         BLAKE                              One to Four Family     360              49,040.00          602.48
                  301  CHARLOTTE STREET              Owner Occupied          79.10           49,039.98          14.550
                  LYNCHBURG, VA 24504                First                  09/25/2027       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125176         BRAMMER                            One to Four Family     180              44,100.00          485.26
                  650  EMERSON AVENUE                Owner Occupied          90.00           44,075.02          12.930
                  MARION, OH 43302                   First                  10/01/2012       49,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125184         CAVEN JR                           One to Four Family     180              78,400.00          836.74
                  4808  SAGINAW ROAD                 Owner Occupied          80.00           78,400.00          12.500
                  COLEMAN, MI 48618                  First                  11/10/2012       98,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  251    Page Balance:   $780,100.72    Generated By:  Dmenegus
<PAGE>   254
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7125186         CLARK                              One to Four Family     180              94,067.00        1,155.65
                  6407  AMY SCHOOL ROAD              Owner Occupied          77.10           93,998.79          14.550
                  HOWARD CITY, MI 49329              First                  10/14/2012      122,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125188         COOPER                             One to Four Family     180              33,000.00          394.93
                  703  W CEDAR                       Owner Occupied          60.00           33,000.00          14.150
                  KALAMAZOO, MI 49008                First                  11/20/2012       55,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125190         CEREBE                             One to Four Family     180              28,500.00          338.82
                  1434  EAST LUZERNE STREET          Owner Occupied          75.00           28,490.30          14.050
                  PHILADELPHIA, PA 19124             First                  11/01/2012       38,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125194         FIELDS                             One to Four Family     360              20,400.00          238.49
                  5528  BLOOD STREET                 Owner Occupied          60.00           20,400.00          13.800
                  PHILADELPHIA, PA 19138             First                  11/15/2027       34,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125196         FULLERTON                          One to Four Family     180              49,300.00          549.22
                  3566  EAST 72                      Owner Occupied          85.00           49,072.83          13.100
                  FAIRVIEW, MI 48621                 First                  10/08/2012       58,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125211         LARSON                             One to Four Family     180              85,500.00          849.97
                  2350  MILE ROAD                    Owner Occupied          90.00           85,434.64          11.550
                  KENT CITY, MI 49330                First                  10/15/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125212         LOVEBERRY                          One to Four Family     180              46,500.00          516.93
                  18405  KENTFIELD STREET            Owner Occupied          75.00           46,449.22          13.070
                  DETROIT, MI 48219                  First                  10/22/2012       62,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125217         MOORE                              One to Four Family     180              38,500.00          457.70
                  36  PRESBYTERIAN CHURCH            Owner Occupied          55.00           38,493.07          14.050
                  HORSEHOE, MI 28742                 First                  10/22/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125219         MORRIS                             One to Four Family     180              33,800.00          456.99
                  14871  SNOWDEN                     Owner Occupied          65.00           33,800.00          16.090
                  DETROIT, MI 48227                  First                  11/10/2012       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125224         PETERSON                           One to Four Family     240              72,000.00          804.11
                  908  NORTH 2ND STREET              Owner Occupied          80.00           72,000.00          12.230
                  MANKATO, MN 56001                  First                  11/04/2017       90,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125230         SCOTT                              One to Four Family     180              62,800.00          614.25
                  15909  COYLE                       Owner Occupied          83.73           62,800.00          11.340
                  DETROIT, MI 48227                  First                  11/27/2012       75,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125232         SKIVER                             One to Four Family     180              74,800.00          816.35
                  6786  CEDAR LAKE ROAD              Owner Occupied          85.00           74,800.00          12.810
                  OSCODA, MI 48750                   First                  11/17/2012       88,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  252      Page Balance:   $638,738.85    Generated By: Dmenegus
<PAGE>   255
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
FC7125234         SULLIVAN                           One to Four Family     360              80,000.00          795.29
                  8585  HALLRIDGE COURT              Owner Occupied          80.00           80,000.00          11.550
                  CINCINNATTI, OH 45231              First                  11/16/2027      100,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125235         TEAGUE                             One to Four Family     180              80,750.00          958.26
                  500  FRANKLIN BLVD.                Owner Occupied          85.00           80,585.11          11.790
                  GREENSBORO, NC 27401               First                  11/01/2012       95,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125244         WULU                               One to Four Family     180             117,000.00        1,194.48
                  946  EAST THOMAS L PARKWA          Owner Occupied          90.00          116,994.48          11.900
                  LANSING, MI 48917                  First                  09/23/2012      130,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
FC7125245         CLUBB                              One to Four Family     120              26,000.00          449.41
                  T 1 PO BOX 485 SNUG                Owner Occupied          50.00           26,000.00          16.850
                  HERTFORD, NC 27944                 First                  11/10/2007       52,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
LB7110019         RODRIGUEZ                          One to Four Family     180             108,800.00        1,035.31
                  11762  SW 15 STREET                Owner Occupied          85.00          108,800.00          10.990
                  MIAMI, FL 33184                    First                  11/04/2012      128,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7093374         FISHER                             One to Four Family     360              30,450.00          283.10
                  6225  LANDSDOWNE DRIVE             Owner Occupied          70.00           30,403.02          10.700
                  FT. WAYNE, IN 46816                First                  08/01/2027       43,500.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102781         HEINTZ                             One to Four Family     360              53,360.00          443.82
                  107  HOUSTON RD                    Owner Occupied          80.00           53,278.31           9.380
                  UPPER DARBY TWP, PA 19050          First                  09/01/2027       67,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7102841         ZAMOR                              One to Four Family     360              42,000.00          396.01
                  3704  OSLO ROAD                    Owner Occupied          75.00           41,953.59          10.880
                  AUGUSTA, GA 30906                  First                  09/01/2027       56,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7106040         WHITFIELD                          One to Four Family     180              54,400.00          501.69
                  5809  NORTH 52ND STREET            Owner Occupied          80.00           54,400.00          10.600
                  OMAHA, NE 68104                    First                  11/24/2012       68,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110235         ALLEN                              One to Four Family     360              53,300.00          589.19
                  31  EASTCREST ROAD                 Owner Occupied          65.00           53,288.23          13.000
                  ROCHESTER, NY 14606                First                  10/24/2027       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110239         BABONIS                            One to Four Family     180             135,750.00        1,395.30
                  1247  CULVER LANE                  Owner Occupied          69.97          135,711.07          11.990
                  VIRGINIABEACH, VA 23454            First                  10/24/2012      194,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110339         MCCLAIN                            One to Four Family     240              12,000.00          123.45
                  521  KALLEN  DRIVE                 Owner Occupied          21.05           11,986.05          10.950
                  KINGSPORT, TN 37660                Second                 10/21/2017       57,000.00                
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
Page:
                  253    Page Balance:   $793,399.86    Generated By:  Dmenegus
<PAGE>   256
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================


<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>               <C>                                <C>                    <C>             <C>               <C>
TC7110340         MCGLINCHRY                         One to Four Family     180              33,000.00          393.72
                  645  WOOD AVENUE                   Owner Occupied          13.20           32,933.25          11.890
                  MAMARONECK, NY 10543               Second                 10/21/2012      250,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110342         MUCARIA                            One to Four Family     180              45,000.00          511.47
                  36  03 209TH STREET                Owner Occupied          15.00           44,901.03          11.000
                  BAYSIDE, NY 11361                  Second                 10/22/2012      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110530         MELLON                             One to Four Family     180             111,000.00        1,227.01
                  30  WEST END AVENUE                Owner Occupied          37.00          110,974.57          12.990
                  SOMERVILLE, NJ 08876               First                  10/16/2012      300,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110607         REYNOLDS                           One to Four Family     180              35,000.00          403.32
                  2013  VINE STREET                  Owner Occupied          76.09           34,924.81          11.250
                  CHATTANOOGA, TN 37404              First                  02/01/2012       46,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110609         ROWELL                             One to Four Family     120              36,486.00          536.35
                  5132  BRITNY DRIVE                 Owner Occupied          17.80           36,485.82          12.490
                  OLD HICKORY, TN 37138              Second                 10/04/2006      205,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110612         SANDUSKY                           One to Four Family     180              31,240.00          330.94
                  2195  HARRELL DR.                  Owner Occupied          44.63           31,239.57           9.750
                  ARLINGTON, TN 38002                First                  02/05/2012       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110613         SIMS                               One to Four Family     240              53,540.00          534.53
                  108  LANSDOWNE DR.                 Owner Occupied          76.49           53,473.95          10.500
                  GRIFFIN, GA 30223                  First                  04/28/2017       70,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110802         ZINK                               One to Four Family     180             138,550.00        1,180.20
                  823  RANDOLPH DRIVE                Owner Occupied          85.00          138,550.00           9.650
                  ABERDEEN, MD 21001                 First                  11/03/2012      163,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110859         PERDIGAO                           One to Four Family     180              93,100.00          993.62
                  73  HOLBROOK AVENUE                Owner Occupied          70.00           93,076.17          12.500
                  STOUGHTON, MA 02072                First                  11/01/2012      133,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7110864         REITH                              One to Four Family     180              68,000.00          621.51
                  220  BERLIN STREET                 Owner Occupied          54.40           67,972.92          10.490
                  CLINTON, MA 01510                  First                  11/01/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110866         ROGERS                             One to Four Family     180              73,800.00          773.35
                  200  SOUTH WEBSTER                 Owner Occupied          90.00           73,780.03          12.250
                  JACKSON, MI 49203                  First                  11/01/2012       82,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110870         SOUDERS                            One to Four Family     180              85,000.00          793.46
                  30  COMMONWEALTH DRIVE             Owner Occupied          68.55           84,968.00          10.750
                  GLENMONT, NY 12077                 First                  11/01/2012      125,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
</TABLE>
Page:
                  254    Page Balance:   $803,280.12    Generated By:  Dmenegus
<PAGE>   257
================================================================================
                                  PAINEWEBBER
                              LOAN SCHEDULE REPORT
                             IMC 97-7 Prefunding I
                                                                Date: 01/12/1998
================================================================================

<TABLE>
<CAPTION>
                                                      Property               Org Term     Orig Bal       Curr P&I
                                                      Occupancy Type         LTV          Curr Bal       Curr Rate
Loan Number       Name/Address                        Lien Type              Maturity     Appr Amt                     
- ---------------------------------------------------------------------------------------------------------------------- 
<S>                                                                                        <C>                  <C>
TC7110878         WALKER                             One to Four Family     180              48,000.00          519.74
                  OUTE 230                           Owner Occupied          75.00           47,988.26          12.700
                  TRENTON, ME 04605                  First                  11/01/2012       64,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7110882         WORTHY                             One to Four Family     180              31,200.00          365.47
                  62  COLUMBIA BOULEVARD             Owner Occupied          22.94           31,134.83          11.550
                  WATERBURY, CT 06710                Second                 11/01/2012      136,000.00                 
- ---------------------------------------------------------------------------------------------------------------------- 
TC7111015         JONES                              One to Four Family     180              33,750.00          295.93
                  4660  TREETOP DR                   Owner Occupied          75.00           33,735.04           9.990
                  AKRON, OH 44320                    First                  10/29/2012       45,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111037         SHANK                              One to Four Family     180              28,800.00          337.35
                  6825  ROSA VISTA AVE               Owner Occupied          18.46           28,739.85          11.550
                  CITRUS HEIGHTS, CA 95610           Second                 10/27/2012      156,000.00                
- ----------------------------------------------------------------------------------------------------------------------
TC7111038         SLESZYNSKI                         One to Four Family     240              38,400.00          463.63
                  24  KAUDERER PLACE                 Owner Occupied          21.45           38,336.38          13.500
                  BUFFALO, NY 14224                  Second                 10/01/2017      179,000.00                
- ----------------------------------------------------------------------------------------------------------------------
            Group: Loans Own
    Total Balance:  $176,682,473.66      Total Loans: 3053           Total Current P&I:    $1,808,436.79
</TABLE>

Page:
                  255    Page Balance:   $179,934.36    Generated By:  Dmenegus



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission