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, as amended
Date of Report (Date of earliest event reported): FEBRUARY 22, 1999
CHEC ASSET RECEIVABLE CORPORATION
(Exact name of Registrant as Specified in Charter)
NEVADA 333-54027 75-277-0582
- ------ --------- -----------
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
2728 NORTH HARWOOD STREET, DALLAS, TEXAS 75201
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (214) 981-5045
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. OTHER EVENTS.
FILING OF COMPUTATIONAL MATERIALS.
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, CHEC Asset
Receivable Corporation (the "Depositor") will file a prospectus and prospectus
supplement with the Securities and Exchange Commission relating to its Centex
Home Equity Loan Trust 1999-1, Centex Home Equity Asset-Backed Certificates,
Series 1999-1 (the "Certificates").
In connection with the offering of the Certificates of the Depositor, Prudential
Securities Incorporated prepared certain materials (the "Computational
Materials") some or all of which were distributed by Prudential Securities
Incorporated and Lehman Brothers Inc. (the "Underwriters") to their potential
investors. Although the Depositor provided the Underwriters with certain
information regarding the characteristics of the Home Equity Loans in the
related portfolio, it did not participate in the preparation of the
Computational Materials. The Computational Materials are attached hereto as
Exhibit 99.1. The legend which Lehman Brothers Inc. placed on the Computational
Materials is attached hereto as Exhibit 99.2
Also filed hereby is the consent of PricewaterhouseCoopers LLP, independent
accountants, attached hereto as Exhibit 23.1.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
EXHIBIT NO.
23.1 Consent of PricewaterhouseCoopers LLP,
independent accountants.
99.1 Computational Materials.
99.2 Legend of Lehman Brothers Inc. for
Computational Materials.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHEC ASSET RECEIVABLE CORPORATION
(Registrant)
By:/s/ Anthony H. Barone
----------------------
Name: Anthony H. Barone
Title: President
Date: February 22, 1999
<PAGE>
EXHIBIT INDEX
SEQUENTIALLY
EXHIBIT NUMBER DESCRIPTION NUMBERED PAGE
23.1 Consent of PricewaterhouseCoopers LLP,
independent accountants.
99.1 Computational Materials.
99.2 Legend of Lehman Brothers Inc. for Computational
Materials.
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
Centex Home Equity Corporation relating to Centex Home Equity Loan Trust 1999-1,
of our report dated February 3, 1998, on our audits of the consolidated
financial statements of MBIA Insurance Corporation and Subsidiaries as of
December 31, 1997 and 1996 and for each of the three years in the period ended
December 31, 1997. We also consent to the reference to our firm under the
caption "Experts".
/s/ Pricewaterhouse Coopers LLP
Pricewaterhouse Coopers LLP
February 23, 1999
Centex Credit Corporation
d/b/a Centex Home Equity Corporation
Seller and Servicer
Centex Home Equity Loan Trust 1999-1
$[65,000,000] Class A-1 Fixed-Rate Certificates
$[20,000,000] Class A-2 Fixed-Rate Certificates
$[33,000,000] Class A-3 Fixed-Rate Certificates
$[27,000,000] Class A-4 Fixed Rate Certificates
$[19,267,000] Class A-5 Fixed-Rate Certificates
$[18,000,000] Class A-6 Fixed-Rate Certificates
$[58,863,000] Class A-7 Floating-Rate Certificates
$[20,000,000] Class A-8 Fixed-Rate Certificates
The analysis in this report is accurate to the best of PSI's knowledge and is
based on information provided by the Seller. PSI makes no representations as to
the accuracy of such information provided to it by the Seller. All assumptions
and information in this report reflect PSI's judgment as of this date and are
subject to change. All analyses are based on certain assumptions noted herein
and different assumptions could yield substantially different results. You are
cautioned that there is no universally accepted method for analyzing financial
instruments. You should review the assumptions; there may be differences between
these assumptions and your actual business practices. Further, PSI does not
guarantee any results and there is no guarantee as to the liquidity of the
instruments involved in this analysis. The decision to adopt any strategy
remains your responsibility. PSI (or any of its affiliates) or their officers,
directors, analysts or employees may have positions in securities, commodities
or derivative instruments thereon referred to here, and may, as principal or
agent, buy or sell such securities, commodities or derivative instruments. In
addition, PSI may make a market in the securities referred to herein. Neither
the information nor the assumptions reflected herein shall be construed to be,
or constitute, an offer to sell or buy or a solicitation of an offer to sell or
buy any securities, commodities or derivative instruments mentioned herein. No
sale of any securities, commodities or derivative instruments should be
consummated without the purchaser first having received a prospectus and, if
required, prospectus supplement. Finally, PSI has not addressed the legal,
accounting and tax implications of the analysis with respect to you, and PSI
strongly urges you to seek advice from your counsel, accountant and tax advisor.
Centex Home Equity Loan Trust 1999-1
Title of Securities: Centex Home Equity Loan Asset-Backed Certificates,
Series 1999-1, Class A-1, Class A-2, Class A-3,
Class A-4, Class A-5, Class A-6, Class A-7 and
Class A-8 Certificates.
Description of
Transaction: This approximately $261,130,000 MBIA-wrapped transaction
is supported by two collateral groups.
The Class A-1, Class A-2, Class A-3, Class A-4, Class
A-5 and Class A-6 Certificates (Group I Certificates)
are fixed-rate certificates backed by closed-end
fixed-rate home equity mortgage loans ("Mortgage Loan
Group I").
The Class A-7 and Class A-8 Certificates ("Group II
Certificates") are backed by closed-end adjustable-rate
home equity mortgage loans ("Mortgage Loan Group II").
The Class A-7 Certificates are adjustable-rate
certificates and the Class A-8 Certificates are
fixed-rate certificates.
The approximate size of the Group I Certificates is
$182,267,000. The approximate size of the Group II
Certificates is $78,863,000.
- -------------------------------------------------------------------------------
Group I Certificates: CLASS A-1 through A-6 (SUPPORTED BY CLOSED-END
FIXED-RATE HOME EQUITY MORTGAGE LOANS)
- -------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Class A-1 Class A-2 Class A-3 Class A-4 Class A-5 Class A-6
<S> <C> <C> <C> <C> <C> <C>
Ratings (Moody's/S&P): Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA Aaa/AAA
Approximate Size ($): [65,000,000] [20,000,000] [33,000,000] [27,000,000] [19,267,000] [18,000,000]
Coupon: [TBD]% [TBD]% [TBD]% [TBD]% [TBD]% * [TBD]%
Benchmark: [TBD]% [TBD]% [TBD]% [TBD]% [TBD]% [TBD]%
Spread: [TBD]% [TBD]% [TBD]% [TBD]% [TBD]% [TBD]%
Price: [TBD]% [TBD]% [TBD]% [TBD]% [TBD]% [TBD]%
Day Count: 30/360 30/360 30/360 30/360 30/360 30/360
Avg. Life Call (Yrs): [0.954] [2.090] [3.095] [5.039] [7.751] [6.285]
Avg. Life Mat (Yrs): [0.954] [2.090] [3.095] [5.039] [10.153] [6.470]
1st Prin Pymt: [03/25/99] [11/25/00] [07/25/01] [01/25/03] [09/25/05] [03/25/02]
Exp Mat to Call: [11/25/00] [07/25/01] [01/25/03] [09/25/05] [01/25/07] [01/25/07]
Exp Mat to Mat: [11/25/00] [07/25/01] [01/25/03] [09/25/05] [09/25/15] [07/25/15]
Stated Mat: [03/25/18] [09/25/21] [08/25/25] [10/25/27] [03/25/30] [03/25/30]
Prepayment Assumption
Group I Certificates: 24% HEP (2.4% CPR in month 1 with monthly incremental increases of 2.4% CPR until the
speed reaches 24% CPR in month 10 based on seasoning. This means that seasoned loans
will start further up on the prepayment curve).
* The coupon on the Class A-5 Certificates steps up by 0.50% after the 10% Cleanup Call.
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
Centex Home Equity Loan Trust 1999-1
- -------------------------------------------------------------------------------
Group II Certificates: Class A-7 and Class A-8 (SUPPORTED BY CLOSED-END
ADJUSTABLE-RATE HOME EQUITY MORTGAGE LOANS)
- -------------------------------------------------------------------------------
Class A-7 Class A-8
Ratings (Moody's/S&P): Aaa/AAA Aaa/AAA
Approximate Size ($): [58,863,000] [20,000,000]
Coupon: 1M LIBOR+[TBD]bps * [TBD]% **
Benchmark: 1M LIBOR [TBD]%
Spread: [TBD]% [TBD]%
Price: [TBD]% [TBD]%
Day Count: Act/360 30/360
Avg. Life Call (Yrs): [2.848] [2.021]
Avg. Life Mat (Yrs): [3.035] [2.021]
1st Prin Pymt: [03/25/99] [06/25/00]
Exp Mat to Call: [01/25/07] [05/25/02]
Exp Mat to Mat: [08/25/13] [05/25/02]
Stated Mat: [02/25/29] [03/25/30]
Prepayment Assumption
Group II Certificates: 28% CPR
* Subject to the Class A-7 Available Funds Cap
** Subject to the Group II Net Coupon Rate
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
Centex Home Equity Loan Trust 1999-1
Pricing Date: [TBD]
Settlement Date: February [25], 1999
Cleanup Call: The Servicer may, at its option, purchase the
collateral and, as a result, cause the Certificates to
be called at par plus accrued interest after the
remaining balances of the loans are less than 10% of
Cut-Off Date Principal Balance of all the Mortgage
Loans (which includes both Mortgage Loan Group I and
Mortgage Loan Group II).
Form of Certificates: Book entry form, same day funds (through DTC, CEDEL or
Euroclear).
Servicer: Centex Credit Corporation d/b/a/ Centex Home Equity
Corporation
Servicing Fee: 50 basis points per annum.
Trustee: Norwest Bank Minnesota, National Association.
Payment Date: The 25th day of each month or, if such day is not a
business day, the next succeeding business day,
beginning on March 25, 1999.
Payment Delay: Group I Certificates: 24 days
Group II Certificates:
Class A-7: 0 days
Class A-8: 24 days
Interest Accrual
Period: For the Group I Certificates, interest will accrue from
the 1st day of the preceding month until the 30th day
of the preceding month on a 30/360 day count. For the
Class A-7 Certificates, interest will accrue from the
25th day of the preceding month until the 24th day of
the current month based on an actual/360 day count. For
the Class A-8 Certificates, interest will accrue from
the 1st day of the preceding month until the 30th day
of the preceding month on a 30/360 day count.
Certificate Ratings: The Certificates will be rated AAA/Aaa by Standard &
Poor's and Moody's, respectively.
Certificate Insurer: MBIA. MBIA's claims-paying ability is rated Aaa/AAA/AAA
by Moody's, Standard and Poor's and Fitch IBCA,
respectively.
Certificate Insurance: Timely interest and eventual principal payments on the
Certificates will be 100% guaranteed by MBIA. The
insurance policy does not include any Interest Index
Carryovers or Civil Relief Act Interest Shortfalls.
ERISA Considerations: All of the Certificates will be
ERISA eligible. However, investors should consult with
their counsel with respect to the consequences under
ERISA and the Internal Revenue Code of the Plan's
acquisition and ownership of such Certificates.
Taxation: REMIC.
Legal Investment: The Certificates will not be SMMEA eligible.
Credit Enhancement: 1) 100% wrap from MBIA guarantees timely payment of
interest and eventual principal (excluding interest
shortfall reimbursement).
2) Overcollateralization.
3) Cross-Collateralization.
4) Ongoing excess spread.
Overcollateralization: The overcollaterization provisions of the Trust are
intended to provide for limited acceleration of the
Certificates relative to the amortization of the
related collateral, generally in the early months of
the transaction. The accelerated amortization is
achieved by applying certain excess interest collected
on the collateral to the payment of principal on the
Certificates. This acceleration feature is intended to
create, with respect to each Mortgage Loan Group, an
amount ("Overcollateralization") resulting from, and
equal to, the excess of the aggregate principal
balances of the Mortgage Loan Group over the principal
balance of the related Certificates. Once the required
Overcollateralization level is reached, the
acceleration feature will cease, unless necessary to
maintain the required level of Overcollateralization.
Group I Certificates (supported by closed-end
fixed-rate home equity mortgage loans): Excess spread
will be used to build the Overcollateralization Amount
to an initial target of [2.10]% of the original
principal balance. After 30 months, the
Overcollateralization Amount requirement will be
changed to the lesser of [2.10]% of original principal
balance or [4.20]% of current principal balance,
subject to a floor of [0.75]% of original principal
balance.
Group II Certificates (supported by closed-end
adjustable-rate home equity mortgage loans): Excess
spread will be used to build the Overcollateralization
Amount to an initial target of [4.35]% of the original
principal balance. After 30 months, the
Overcollateralization Amount requirement will be
changed to the lesser of [4.35]% of original principal
balance or [8.70]% of current principal balance,
subject to a floor of [0.75]% of original principal
balance.
Cross-
Collateralization: Excess spread amounts generated from one collateral
pool will be available to fund losses and build
overcollateralization in connection with the other
collateral pool.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
Centex Home Equity Loan Trust, 1999-1
Group I Certificates Principal Paydown:
1) Class A-6 Lockout Distribution Amount: The applicable Class A-6 Lockout
Percentage multiplied by the Class A-6 prorata distribution amount.
Class A-6 Lockout Percentage: March 1999 - February 2002: 0%
March 2002 - February 2004: 45%
March 2004 - February 2005: 80%
March 2005 - February 2006: 100%
March 2006 and thereafter: 300%
2) All remaining scheduled and unscheduled principal will be paid
sequentially to the Group I Certificates.
Group II Certificates Principal Paydown:
1) Class A-8 Lockout Distribution Amount: The applicable Class A-8 Lockout
Percentage multiplied by the Class A-8 prorata distribution amount.
Class A-8 Lockout Percentage: March 1999 - May 2000: 0%
June 2000 - February 2002: 500%
March 2002 and thereafter: Total available
principal
distribution
amount for
the Group II
Certificates.
2) All remaining scheduled and unscheduled principal will be paid to the
Class A-7 Certificates.
Class A-7 Interest Rate: The lesser of:
i) 1 Month LIBOR + [TBD]bps (2x [TBD]bps
after the clean-up call); and
ii) 14.5%
Subject to the Class A-7 Available Funds Cap.
Class A-7 Available Funds Cap: For each period a percentage equal to:
A) (The Weighted Average Net Coupon Rate on
the Group II Mortgage Loans *
aggregate outstanding balance of the Group
II Mortgage Loans) Less (The Coupon Rate
of the Class A-8 Certificates * the
Outstanding Principal Balance of Class A-8
Certificates)
Divided by B) the Outstanding Principal
Balance of the Class A-7 Certificates
Group II Net Coupon Rate: The Coupon Rate of such Mortgage Loan - 50
bps (surety carveout; not applicable for
the first 12 months) - 50 bps (Servicing
Fee) - 15.5 bps (other fees).
Interest Index Carryover: If on any payment date the Class A-7
Certificate Rate is limited by the Class
A-7 Available Funds Cap, the amount of such
interest that would have been distributed
if the Class A-7 Certificate Rate had not
been so limited over the amount of interest
at the Class A-7 Available Funds Cap and
the aggregate of such shortfalls from
previous payment dates together with
accrued interest at the Class A-7
Certificate Rate will be carried forward to
the next payment date until paid. No such
shortfall will be paid once the Class A-7
principle balance has been reduced to zero.
Prospectus: The Certificates are being offered pursuant
to a Prospectus which includes a Prospectus
Supplement (together, the "Prospectus").
Complete information with respect to the
Certificates and the Collateral is
contained in the Prospectus. The foregoing
is qualified in its entirety by the
information appearing in the Prospectus. To
the extent that the foregoing is
inconsistent with the Prospectus, the
Prospectus shall govern in all respects.
Sales of the Certificates may not be
consummated unless the purchaser has
received the Prospectus.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
Centex Home Equity Loan
Trust, 1999-1
Group II Net Coupon Rate (assuming a constant 6M LIBOR Rate of 5.0303%):
========================================================================
Net
Date Coupon Rate
(%)
03/01/99 10.308
04/01/99 10.308
05/01/99 10.308
06/01/99 10.335
07/01/99 10.335
08/01/99 10.434
09/01/99 10.553
10/01/99 10.618
11/01/99 10.618
12/01/99 10.633
01/01/00 10.633
02/01/00 10.727
03/01/00 10.337
04/01/00 10.392
05/01/00 10.392
06/01/00 10.392
07/01/00 10.392
08/01/00 10.392
09/01/00 10.392
10/01/00 10.392
11/01/00 10.392
12/01/00 10.492
01/01/01 10.492
02/01/01 10.748
03/01/01 10.968
04/01/01 11.113
05/01/01 11.113
06/01/01 11.113
07/01/01 11.113
08/01/01 11.113
09/01/01 11.113
10/01/01 11.113
11/01/01 11.113
12/01/01 11.113
01/01/02 11.113
02/01/02 11.113 and thereafter
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE
SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $65,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $65,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-1 BE-YIELD TABLE
TO 10% CALL / TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 5.927 6.006 5.975 5.948 5.927 5.900 5.859 5.824
99-24+ 5.910 5.997 5.963 5.932 5.910 5.879 5.835 5.796
99-25 5.893 5.987 5.950 5.917 5.893 5.859 5.811 5.768
99-25+ 5.875 5.978 5.938 5.902 5.875 5.839 5.786 5.740
99-26 5.858 5.969 5.925 5.887 5.858 5.819 5.762 5.712
99-26+ 5.841 5.960 5.913 5.871 5.841 5.799 5.737 5.684
99-27 5.823 5.950 5.901 5.856 5.823 5.778 5.713 5.656
99-27+ 5.806 5.941 5.888 5.841 5.806 5.758 5.689 5.628
99-28 5.789 5.932 5.876 5.825 5.789 5.738 5.664 5.600
99-28+ 5.771 5.923 5.863 5.810 5.771 5.718 5.640 5.572
99-29 5.754 5.913 5.851 5.795 5.754 5.698 5.616 5.544
99-29+ 5.737 5.904 5.839 5.780 5.737 5.677 5.591 5.516
99-30 5.719 5.895 5.826 5.764 5.719 5.657 5.567 5.488
99-30+ 5.702 5.885 5.814 5.749 5.702 5.637 5.543 5.460
99-31 5.685 5.876 5.801 5.734 5.685 5.617 5.518 5.432
99-31+ 5.667 5.867 5.789 5.719 5.667 5.597 5.494 5.404
100-00 5.650 5.858 5.776 5.704 5.650 5.577 5.470 5.376
100-00+ 5.633 5.848 5.764 5.688 5.633 5.557 5.446 5.348
100-01 5.615 5.839 5.752 5.673 5.615 5.536 5.421 5.321
100-01+ 5.598 5.830 5.739 5.658 5.598 5.516 5.397 5.293
100-02 5.581 5.821 5.727 5.643 5.581 5.496 5.373 5.265
100-02+ 5.563 5.812 5.715 5.627 5.563 5.476 5.349 5.237
100-03 5.546 5.802 5.702 5.612 5.546 5.456 5.324 5.209
100-03+ 5.529 5.793 5.690 5.597 5.529 5.436 5.300 5.181
100-04 5.512 5.784 5.677 5.582 5.512 5.416 5.276 5.153
100-04+ 5.494 5.775 5.665 5.567 5.494 5.396 5.252 5.126
100-05 5.477 5.765 5.653 5.551 5.477 5.376 5.227 5.098
100-05+ 5.460 5.756 5.640 5.536 5.460 5.355 5.203 5.070
100-06 5.443 5.747 5.628 5.521 5.443 5.335 5.179 5.042
100-06+ 5.425 5.738 5.616 5.506 5.425 5.315 5.155 5.014
100-07 5.408 5.728 5.603 5.491 5.408 5.295 5.131 4.987
100-07+ 5.391 5.719 5.591 5.476 5.391 5.275 5.106 4.959
First Payment 0.083 0.083 0.083 0.083 0.083 0.083 0.083 0.083
Average Life 0.954 1.856 1.355 1.091 0.954 0.815 0.672 0.583
Last Payment 1.750 3.833 2.667 2.083 1.750 1.500 1.167 1.000
Mod.Dur. @100-00 0.899 1.683 1.255 1.022 0.899 0.773 0.641 0.558
Accrued Interest 0.401 0.401 0.401 0.401 0.401 0.401 0.401 0.401
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $20,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $20,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-2 BE-YIELD TABLE
TO 10% CALL / TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.051 6.093 6.078 6.063 6.051 6.035 6.008 5.982
99-24+ 6.043 6.089 6.072 6.056 6.043 6.025 5.995 5.967
99-25 6.035 6.085 6.067 6.049 6.035 6.015 5.982 5.952
99-25+ 6.027 6.081 6.061 6.042 6.027 6.005 5.970 5.936
99-26 6.019 6.077 6.056 6.035 6.019 5.995 5.957 5.921
99-26+ 6.011 6.073 6.050 6.028 6.011 5.985 5.945 5.906
99-27 6.002 6.069 6.045 6.021 6.002 5.975 5.932 5.891
99-27+ 5.994 6.065 6.039 6.014 5.994 5.965 5.919 5.876
99-28 5.986 6.061 6.034 6.007 5.986 5.956 5.907 5.861
99-28+ 5.978 6.057 6.028 6.000 5.978 5.946 5.894 5.845
99-29 5.970 6.053 6.023 5.993 5.970 5.936 5.881 5.830
99-29+ 5.962 6.049 6.017 5.986 5.962 5.926 5.869 5.815
99-30 5.954 6.045 6.012 5.979 5.954 5.916 5.856 5.800
99-30+ 5.945 6.041 6.006 5.972 5.945 5.906 5.844 5.785
99-31 5.937 6.037 6.001 5.965 5.937 5.896 5.831 5.769
99-31+ 5.929 6.034 5.995 5.958 5.929 5.887 5.819 5.754
100-00 5.921 6.030 5.990 5.951 5.921 5.877 5.806 5.739
100-00+ 5.913 6.026 5.984 5.944 5.913 5.867 5.793 5.724
100-01 5.905 6.022 5.979 5.937 5.905 5.857 5.781 5.709
100-01+ 5.897 6.018 5.973 5.930 5.897 5.847 5.768 5.694
100-02 5.888 6.014 5.968 5.923 5.888 5.837 5.756 5.679
100-02+ 5.880 6.010 5.962 5.916 5.880 5.827 5.743 5.663
100-03 5.872 6.006 5.957 5.909 5.872 5.818 5.731 5.648
100-03+ 5.864 6.002 5.951 5.902 5.864 5.808 5.718 5.633
100-04 5.856 5.998 5.946 5.895 5.856 5.798 5.705 5.618
100-04+ 5.848 5.994 5.940 5.888 5.848 5.788 5.693 5.603
100-05 5.840 5.990 5.935 5.881 5.840 5.778 5.680 5.588
100-05+ 5.831 5.986 5.929 5.874 5.831 5.768 5.668 5.573
100-06 5.823 5.982 5.924 5.867 5.823 5.759 5.655 5.558
100-06+ 5.815 5.978 5.918 5.860 5.815 5.749 5.643 5.542
100-07 5.807 5.974 5.913 5.853 5.807 5.739 5.630 5.527
100-07+ 5.799 5.970 5.907 5.846 5.799 5.729 5.618 5.512
First Payment 1.750 3.833 2.667 2.083 1.750 1.500 1.167 1.000
Average Life 2.090 4.646 3.203 2.462 2.090 1.707 1.321 1.089
Last Payment 2.417 5.500 3.750 2.833 2.417 2.000 1.500 1.250
Mod.Dur. @ 100-00 1.911 3.939 2.833 2.226 1.911 1.580 1.237 1.027
Accrued Interest 0.404 0.404 0.404 0.404 0.404 0.404 0.404 0.404
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $33,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $33,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-3 BE-YIELD TABLE
TO 10% CALL / TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.261 6.293 6.282 6.270 6.261 6.247 6.224 6.201
99-24+ 6.255 6.291 6.278 6.265 6.255 6.240 6.215 6.190
99-25 6.250 6.288 6.274 6.261 6.250 6.233 6.206 6.178
99-25+ 6.244 6.286 6.271 6.256 6.244 6.226 6.197 6.167
99-26 6.238 6.283 6.267 6.251 6.238 6.219 6.187 6.156
99-26+ 6.232 6.280 6.263 6.246 6.232 6.212 6.178 6.144
99-27 6.227 6.278 6.259 6.241 6.227 6.205 6.169 6.133
99-27+ 6.221 6.275 6.256 6.236 6.221 6.198 6.160 6.122
99-28 6.215 6.272 6.252 6.232 6.215 6.191 6.151 6.110
99-28+ 6.210 6.270 6.248 6.227 6.210 6.184 6.142 6.099
99-29 6.204 6.267 6.244 6.222 6.204 6.177 6.132 6.088
99-29+ 6.198 6.264 6.241 6.217 6.198 6.170 6.123 6.077
99-30 6.193 6.262 6.237 6.212 6.193 6.163 6.114 6.065
99-30+ 6.187 6.259 6.233 6.208 6.187 6.156 6.105 6.054
99-31 6.181 6.256 6.229 6.203 6.181 6.149 6.096 6.043
99-31+ 6.175 6.254 6.226 6.198 6.175 6.142 6.087 6.031
100-00 6.170 6.251 6.222 6.193 6.170 6.135 6.078 6.020
100-00+ 6.164 6.248 6.218 6.188 6.164 6.128 6.068 6.009
100-01 6.158 6.246 6.214 6.183 6.158 6.121 6.059 5.997
100-01+ 6.153 6.243 6.211 6.179 6.153 6.114 6.050 5.986
100-02 6.147 6.241 6.207 6.174 6.147 6.107 6.041 5.975
100-02+ 6.141 6.238 6.203 6.169 6.141 6.100 6.032 5.964
100-03 6.136 6.235 6.199 6.164 6.136 6.093 6.023 5.952
100-03+ 6.130 6.233 6.196 6.159 6.130 6.086 6.014 5.941
100-04 6.124 6.230 6.192 6.155 6.124 6.079 6.004 5.930
100-04+ 6.119 6.227 6.188 6.150 6.119 6.072 5.995 5.918
100-05 6.113 6.225 6.184 6.145 6.113 6.065 5.986 5.907
100-05+ 6.107 6.222 6.181 6.140 6.107 6.058 5.977 5.896
100-06 6.102 6.219 6.177 6.135 6.102 6.051 5.968 5.885
100-06+ 6.096 6.217 6.173 6.131 6.096 6.044 5.959 5.873
100-07 6.090 6.214 6.169 6.126 6.090 6.037 5.950 5.862
100-07+ 6.085 6.212 6.166 6.121 6.085 6.030 5.941 5.851
First Payment 2.417 5.500 3.750 2.833 2.417 2.000 1.500 1.250
Average Life 3.095 7.657 4.989 3.728 3.095 2.472 1.853 1.482
Last Payment 3.917 10.417 6.500 4.750 3.917 3.083 2.250 1.750
Mod.Dur. @ 100-00 2.734 5.886 4.158 3.229 2.734 2.226 1.702 1.377
Accrued Interest 0.416 0.416 0.416 0.416 0.416 0.416 0.416 0.416
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $27,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $27,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-4 BE-YIELD TABLE
TO 10% CALL / TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.373 6.394 6.388 6.380 6.373 6.363 6.344 6.324
99-24+ 6.369 6.393 6.386 6.377 6.369 6.358 6.338 6.316
99-25 6.366 6.391 6.384 6.374 6.366 6.353 6.331 6.308
99-25+ 6.362 6.389 6.381 6.371 6.362 6.349 6.325 6.300
99-26 6.358 6.387 6.379 6.368 6.358 6.344 6.319 6.292
99-26+ 6.354 6.385 6.377 6.365 6.354 6.339 6.312 6.284
99-27 6.351 6.384 6.374 6.362 6.351 6.335 6.306 6.276
99-27+ 6.347 6.382 6.372 6.359 6.347 6.330 6.299 6.268
99-28 6.343 6.380 6.370 6.356 6.343 6.325 6.293 6.259
99-28+ 6.339 6.378 6.367 6.352 6.339 6.321 6.287 6.251
99-29 6.336 6.376 6.365 6.349 6.336 6.316 6.280 6.243
99-29+ 6.332 6.375 6.363 6.346 6.332 6.311 6.274 6.235
99-30 6.328 6.373 6.360 6.343 6.328 6.307 6.268 6.227
99-30+ 6.325 6.371 6.358 6.340 6.325 6.302 6.261 6.219
99-31 6.321 6.369 6.356 6.337 6.321 6.297 6.255 6.211
99-31+ 6.317 6.367 6.353 6.334 6.317 6.293 6.249 6.203
100-00 6.313 6.366 6.351 6.331 6.313 6.288 6.242 6.195
100-00+ 6.310 6.364 6.349 6.328 6.310 6.283 6.236 6.186
100-01 6.306 6.362 6.346 6.325 6.306 6.279 6.230 6.178
100-01+ 6.302 6.360 6.344 6.322 6.302 6.274 6.223 6.170
100-02 6.299 6.359 6.342 6.319 6.299 6.269 6.217 6.162
100-02+ 6.295 6.357 6.339 6.316 6.295 6.265 6.211 6.154
100-03 6.291 6.355 6.337 6.313 6.291 6.260 6.204 6.146
100-03+ 6.287 6.353 6.335 6.309 6.287 6.255 6.198 6.138
100-04 6.284 6.351 6.332 6.306 6.284 6.251 6.192 6.130
100-04+ 6.280 6.350 6.330 6.303 6.280 6.246 6.185 6.122
100-05 6.276 6.348 6.328 6.300 6.276 6.241 6.179 6.114
100-05+ 6.273 6.346 6.325 6.297 6.273 6.237 6.173 6.106
100-06 6.269 6.344 6.323 6.294 6.269 6.232 6.166 6.097
100-06+ 6.265 6.342 6.321 6.291 6.265 6.227 6.160 6.089
100-07 6.261 6.341 6.318 6.288 6.261 6.223 6.154 6.081
100-07+ 6.258 6.339 6.316 6.285 6.258 6.218 6.147 6.073
First Payment 3.917 10.417 6.500 4.750 3.917 3.083 2.250 1.750
Average Life 5.039 13.275 9.094 6.367 5.039 3.878 2.751 2.110
Last Payment 6.583 16.667 12.083 9.000 6.583 4.917 3.417 2.500
Mod.Dur. @ 100-00 4.185 8.704 6.683 5.070 4.185 3.339 2.453 1.920
Accrued Interest 0.422 0.422 0.422 0.422 0.422 0.422 0.422 0.422
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $19,267,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $19,267,000.00 YIELD TABLE DATE: 02/25/99
BOND A-5 BE-YIELD TABLE
TO 10% CALL
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.817 6.832 6.827 6.822 6.817 6.808 6.793 6.775
99-24+ 6.814 6.830 6.825 6.820 6.814 6.805 6.788 6.769
99-25 6.811 6.829 6.823 6.817 6.811 6.802 6.784 6.763
99-25+ 6.809 6.827 6.822 6.815 6.809 6.798 6.779 6.758
99-26 6.806 6.826 6.820 6.813 6.806 6.795 6.775 6.752
99-26+ 6.803 6.824 6.818 6.811 6.803 6.792 6.770 6.746
99-27 6.801 6.823 6.816 6.808 6.801 6.789 6.766 6.740
99-27+ 6.798 6.821 6.814 6.806 6.798 6.785 6.761 6.734
99-28 6.795 6.820 6.812 6.804 6.795 6.782 6.757 6.728
99-28+ 6.793 6.818 6.810 6.801 6.793 6.779 6.752 6.722
99-29 6.790 6.817 6.809 6.799 6.790 6.775 6.748 6.716
99-29+ 6.787 6.815 6.807 6.797 6.787 6.772 6.743 6.711
99-30 6.785 6.814 6.805 6.795 6.785 6.769 6.739 6.705
99-30+ 6.782 6.812 6.803 6.792 6.782 6.765 6.734 6.699
99-31 6.779 6.811 6.801 6.790 6.779 6.762 6.730 6.693
99-31+ 6.777 6.809 6.799 6.788 6.777 6.759 6.725 6.687
100-00 6.774 6.808 6.798 6.786 6.774 6.756 6.721 6.681
100-00+ 6.771 6.806 6.796 6.783 6.771 6.752 6.716 6.675
100-01 6.769 6.805 6.794 6.781 6.769 6.749 6.712 6.670
100-01+ 6.766 6.803 6.792 6.779 6.766 6.746 6.707 6.664
100-02 6.763 6.802 6.790 6.777 6.763 6.742 6.703 6.658
100-02+ 6.761 6.800 6.788 6.774 6.761 6.739 6.698 6.652
100-03 6.758 6.799 6.787 6.772 6.758 6.736 6.694 6.646
100-03+ 6.755 6.797 6.785 6.770 6.755 6.733 6.689 6.640
100-04 6.753 6.796 6.783 6.768 6.753 6.729 6.685 6.634
100-04+ 6.750 6.794 6.781 6.765 6.750 6.726 6.680 6.629
100-05 6.748 6.793 6.779 6.763 6.748 6.723 6.676 6.623
100-05+ 6.745 6.791 6.777 6.761 6.745 6.719 6.671 6.617
100-06 6.742 6.790 6.776 6.759 6.742 6.716 6.667 6.611
100-06+ 6.740 6.788 6.774 6.756 6.740 6.713 6.662 6.605
100-07 6.737 6.787 6.772 6.754 6.737 6.710 6.658 6.599
100-07+ 6.734 6.785 6.770 6.752 6.734 6.706 6.653 6.593
First Payment 6.583 16.667 12.083 9.000 6.583 4.917 3.417 2.500
Average Life 7.751 19.146 13.117 9.693 7.751 5.903 4.079 3.023
Last Payment 7.917 19.833 13.250 9.750 7.917 6.250 4.417 3.417
Mod.Dur. @ 100-00 5.858 10.442 8.457 6.910 5.858 4.723 3.459 2.652
Accrued Interest 0.450 0.450 0.450 0.450 0.450 0.450 0.450 0.450
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $19,267,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $19,267,000.00 YIELD TABLE DATE: 02/25/99
BOND A-5 BE-YIELD TABLE
TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.908 6.854 6.881 6.899 6.908 6.893 6.832 6.784
99-24+ 6.906 6.852 6.880 6.897 6.906 6.890 6.828 6.778
99-25 6.904 6.851 6.878 6.896 6.904 6.887 6.824 6.773
99-25+ 6.902 6.849 6.876 6.894 6.902 6.885 6.819 6.767
99-26 6.899 6.848 6.875 6.892 6.899 6.882 6.815 6.761
99-26+ 6.897 6.847 6.873 6.890 6.897 6.879 6.811 6.755
99-27 6.895 6.845 6.871 6.888 6.895 6.876 6.807 6.750
99-27+ 6.893 6.844 6.870 6.886 6.893 6.873 6.803 6.744
99-28 6.891 6.842 6.868 6.884 6.891 6.871 6.798 6.738
99-28+ 6.888 6.841 6.867 6.882 6.888 6.868 6.794 6.732
99-29 6.886 6.839 6.865 6.880 6.886 6.865 6.790 6.726
99-29+ 6.884 6.838 6.863 6.878 6.884 6.862 6.786 6.721
99-30 6.882 6.837 6.862 6.876 6.882 6.860 6.782 6.715
99-30+ 6.880 6.835 6.860 6.874 6.880 6.857 6.777 6.709
99-31 6.877 6.834 6.858 6.872 6.877 6.854 6.773 6.703
99-31+ 6.875 6.832 6.857 6.870 6.875 6.851 6.769 6.697
100-00 6.873 6.831 6.855 6.869 6.873 6.848 6.765 6.692
100-00+ 6.871 6.829 6.853 6.867 6.871 6.846 6.761 6.686
100-01 6.869 6.828 6.852 6.865 6.869 6.843 6.757 6.680
100-01+ 6.866 6.827 6.850 6.863 6.866 6.840 6.752 6.674
100-02 6.864 6.825 6.848 6.861 6.864 6.837 6.748 6.669
100-02+ 6.862 6.824 6.847 6.859 6.862 6.834 6.744 6.663
100-03 6.860 6.822 6.845 6.857 6.860 6.832 6.740 6.657
100-03+ 6.857 6.821 6.843 6.855 6.857 6.829 6.736 6.651
100-04 6.855 6.819 6.842 6.853 6.855 6.826 6.731 6.646
100-04+ 6.853 6.818 6.840 6.851 6.853 6.823 6.727 6.640
100-05 6.851 6.817 6.838 6.849 6.851 6.820 6.723 6.634
100-05+ 6.849 6.815 6.837 6.847 6.849 6.818 6.719 6.628
100-06 6.846 6.814 6.835 6.845 6.846 6.815 6.715 6.622
100-06+ 6.844 6.812 6.834 6.843 6.844 6.812 6.711 6.617
100-07 6.842 6.811 6.832 6.842 6.842 6.809 6.706 6.611
100-07+ 6.840 6.810 6.830 6.840 6.840 6.807 6.702 6.605
First Payment 6.583 16.667 12.083 9.000 6.583 4.917 3.417 2.500
Average Life 10.153 21.238 16.013 12.396 10.153 7.430 4.461 3.077
Last Payment 16.583 28.167 24.333 19.583 16.583 13.250 9.583 4.000
Mod.Dur. @ 100-00 7.045 10.909 9.424 8.074 7.045 5.578 3.714 2.694
Accrued Interest 0.450 0.450 0.450 0.450 0.450 0.450 0.450 0.450
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $18,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $18,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-6 BE-YIELD TABLE
TO 10% CALL
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.466 6.472 6.470 6.468 6.466 6.462 6.452 6.441
99-24+ 6.463 6.470 6.467 6.465 6.463 6.458 6.447 6.436
99-25 6.459 6.467 6.464 6.462 6.459 6.455 6.443 6.431
99-25+ 6.456 6.465 6.461 6.459 6.456 6.451 6.439 6.426
99-26 6.453 6.462 6.459 6.456 6.453 6.448 6.434 6.420
99-26+ 6.450 6.460 6.456 6.453 6.450 6.444 6.430 6.415
99-27 6.447 6.457 6.453 6.450 6.447 6.441 6.426 6.410
99-27+ 6.444 6.454 6.450 6.447 6.444 6.437 6.421 6.405
99-28 6.441 6.452 6.448 6.444 6.441 6.434 6.417 6.399
99-28+ 6.438 6.449 6.445 6.441 6.438 6.430 6.413 6.394
99-29 6.434 6.447 6.442 6.438 6.434 6.427 6.408 6.389
99-29+ 6.431 6.444 6.439 6.435 6.431 6.423 6.404 6.384
99-30 6.428 6.442 6.436 6.432 6.428 6.420 6.400 6.378
99-30+ 6.425 6.439 6.434 6.429 6.425 6.416 6.395 6.373
99-31 6.422 6.437 6.431 6.426 6.422 6.413 6.391 6.368
99-31+ 6.419 6.434 6.428 6.423 6.419 6.409 6.387 6.363
100-00 6.416 6.431 6.425 6.420 6.416 6.406 6.382 6.357
100-00+ 6.413 6.429 6.423 6.417 6.413 6.402 6.378 6.352
100-01 6.409 6.426 6.420 6.414 6.409 6.399 6.374 6.347
100-01+ 6.406 6.424 6.417 6.411 6.406 6.395 6.369 6.342
100-02 6.403 6.421 6.414 6.408 6.403 6.392 6.365 6.336
100-02+ 6.400 6.419 6.412 6.405 6.400 6.388 6.361 6.331
100-03 6.397 6.416 6.409 6.403 6.397 6.385 6.356 6.326
100-03+ 6.394 6.414 6.406 6.400 6.394 6.381 6.352 6.321
100-04 6.391 6.411 6.403 6.397 6.391 6.378 6.348 6.315
100-04+ 6.388 6.409 6.401 6.394 6.388 6.374 6.343 6.310
100-05 6.384 6.406 6.398 6.391 6.384 6.371 6.339 6.305
100-05+ 6.381 6.404 6.395 6.388 6.381 6.367 6.335 6.300
100-06 6.378 6.401 6.392 6.385 6.378 6.364 6.330 6.295
100-06+ 6.375 6.398 6.390 6.382 6.375 6.360 6.326 6.289
100-07 6.372 6.396 6.387 6.379 6.372 6.357 6.322 6.284
100-07+ 6.369 6.393 6.384 6.376 6.369 6.353 6.317 6.279
First Payment 3.083 3.083 3.083 3.083 3.083 3.083 3.083 3.083
Average Life 6.285 8.274 7.374 6.751 6.285 5.464 4.215 3.395
Last Payment 7.917 19.833 13.250 9.750 7.917 6.250 4.417 3.417
Mod.Dur. @ 100-00 4.983 6.112 5.625 5.265 4.983 4.460 3.588 2.966
Accrued Interest 0.428 0.428 0.428 0.428 0.428 0.428 0.428 0.428
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $18,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $18,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-6 BE-YIELD TABLE
TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.466 6.472 6.470 6.468 6.466 6.465 6.462 6.455
99-24+ 6.463 6.470 6.467 6.465 6.463 6.461 6.458 6.451
99-25 6.460 6.467 6.464 6.462 6.460 6.458 6.455 6.447
99-25+ 6.457 6.465 6.461 6.459 6.457 6.455 6.451 6.443
99-26 6.454 6.462 6.459 6.456 6.454 6.452 6.448 6.439
99-26+ 6.451 6.460 6.456 6.453 6.451 6.448 6.445 6.435
99-27 6.448 6.457 6.453 6.450 6.448 6.445 6.441 6.431
99-27+ 6.445 6.454 6.450 6.447 6.445 6.442 6.438 6.427
99-28 6.442 6.452 6.448 6.444 6.442 6.439 6.434 6.423
99-28+ 6.439 6.449 6.445 6.441 6.439 6.436 6.431 6.419
99-29 6.436 6.447 6.442 6.438 6.436 6.432 6.427 6.415
99-29+ 6.433 6.444 6.439 6.435 6.433 6.429 6.424 6.411
99-30 6.430 6.442 6.437 6.433 6.430 6.426 6.420 6.407
99-30+ 6.427 6.439 6.434 6.430 6.427 6.423 6.417 6.403
99-31 6.424 6.437 6.431 6.427 6.424 6.419 6.413 6.399
99-31+ 6.420 6.434 6.428 6.424 6.420 6.416 6.410 6.395
100-00 6.417 6.431 6.426 6.421 6.417 6.413 6.406 6.391
100-00+ 6.414 6.429 6.423 6.418 6.414 6.410 6.403 6.387
100-01 6.411 6.426 6.420 6.415 6.411 6.407 6.399 6.383
100-01+ 6.408 6.424 6.417 6.412 6.408 6.403 6.396 6.379
100-02 6.405 6.421 6.414 6.409 6.405 6.400 6.393 6.375
100-02+ 6.402 6.419 6.412 6.406 6.402 6.397 6.389 6.371
100-03 6.399 6.416 6.409 6.403 6.399 6.394 6.386 6.367
100-03+ 6.396 6.414 6.406 6.400 6.396 6.390 6.382 6.363
100-04 6.393 6.411 6.403 6.397 6.393 6.387 6.379 6.359
100-04+ 6.390 6.409 6.401 6.394 6.390 6.384 6.375 6.355
100-05 6.387 6.406 6.398 6.391 6.387 6.381 6.372 6.351
100-05+ 6.384 6.404 6.395 6.388 6.384 6.378 6.368 6.347
100-06 6.381 6.401 6.392 6.386 6.381 6.374 6.365 6.343
100-06+ 6.378 6.398 6.390 6.383 6.378 6.371 6.362 6.338
100-07 6.375 6.396 6.387 6.380 6.375 6.368 6.358 6.334
100-07+ 6.372 6.393 6.384 6.377 6.372 6.365 6.355 6.330
First Payment 3.083 3.083 3.083 3.083 3.083 3.083 3.083 3.083
Average Life 6.470 8.277 7.393 6.819 6.470 6.070 5.561 4.615
Last Payment 16.417 28.000 24.083 19.417 16.417 13.083 9.417 7.250
Mod.Dur. @ 100-00 5.086 6.113 5.632 5.298 5.086 4.834 4.498 3.862
Accrued Interest 0.428 0.428 0.428 0.428 0.428 0.428 0.428 0.428
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $58,863,000.00 DATED DATE: 02/25/99
CURRENT COUPON: LIBOR-1M+[TBD]bp ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $58,863,000.00 YIELD TABLE DATE: 02/25/99
BOND A-7 DISCOUNT MARGIN TABLE
ASSUMED CONSTANT LIBOR-1M 4.9366
TO 10% CALL
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 49.986 43.206 45.109 47.371 49.986 53.326 63.308 73.274
99-24+ 49.361 43.006 44.789 46.910 49.361 52.491 61.847 71.189
99-25 48.735 42.805 44.470 46.448 48.735 51.656 60.386 69.104
99-25+ 48.110 42.604 44.150 45.987 48.110 50.822 58.927 67.021
99-26 47.485 42.404 43.830 45.525 47.485 49.988 57.468 64.938
99-26+ 46.860 42.203 43.510 45.064 46.860 49.154 56.009 62.856
99-27 46.236 42.003 43.191 44.603 46.236 48.320 54.551 60.774
99-27+ 45.611 41.802 42.871 44.142 45.611 47.487 53.093 58.693
99-28 44.987 41.602 42.552 43.681 44.987 46.654 51.636 56.613
99-28+ 44.363 41.401 42.233 43.221 44.363 45.821 50.180 54.534
99-29 43.739 41.201 41.913 42.760 43.739 44.989 48.724 52.456
99-29+ 43.115 41.001 41.594 42.300 43.115 44.157 47.269 50.378
99-30 42.492 40.800 41.275 41.840 42.492 43.325 45.814 48.301
99-30+ 41.869 40.600 40.956 41.380 41.869 42.493 44.360 46.225
99-31 41.246 40.400 40.637 40.920 41.246 41.662 42.906 44.149
99-31+ 40.623 40.200 40.319 40.460 40.623 40.831 41.453 42.074
100-00 40.000 40.000 40.000 40.000 40.000 40.000 40.000 40.000
100-00+ 39.378 39.800 39.681 39.540 39.378 39.169 38.548 37.927
100-01 38.755 39.600 39.363 39.081 38.755 38.339 37.096 35.854
100-01+ 38.133 39.400 39.044 38.622 38.133 37.509 35.645 33.782
100-02 37.511 39.200 38.726 38.163 37.511 36.680 34.195 31.711
100-02+ 36.889 39.001 38.408 37.703 36.889 35.850 32.745 29.640
100-03 36.268 38.801 38.090 37.245 36.268 35.021 31.296 27.571
100-03+ 35.647 38.601 37.772 36.786 35.647 34.192 29.847 25.502
100-04 35.025 38.402 37.454 36.327 35.025 33.363 28.399 23.433
100-04+ 34.405 38.202 37.136 35.869 34.405 32.535 26.951 21.366
100-05 33.784 38.003 36.818 35.410 33.784 31.707 25.504 19.299
100-05+ 33.163 37.803 36.500 34.952 33.163 30.879 24.057 17.233
100-06 32.543 37.604 36.183 34.494 32.543 30.052 22.611 15.168
100-06+ 31.923 37.404 35.865 34.036 31.923 29.224 21.165 13.103
100-07 31.303 37.205 35.548 33.578 31.303 28.397 19.720 11.039
100-07+ 30.683 37.006 35.230 33.120 30.683 27.571 18.276 8.976
First Payment 0.083 0.083 0.083 0.083 0.083 0.083 0.083 0.083
Average Life 2.848 11.256 6.181 4.006 2.848 2.074 1.143 0.783
Last Payment 7.917 19.833 13.250 9.750 7.917 6.250 4.417 3.417
Mod.Dur. @ 100-00 2.423 7.533 4.730 3.280 2.423 1.817 1.041 0.731
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $58,863,000.00 DATED DATE: 02/25/99
CURRENT COUPON: LIBOR-1M+[TBD]bp ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $58,863,000.00 YIELD TABLE DATE: 02/25/99
BOND A-7 DISCOUNT MARGIN TABLE
ASSUMED CONSTANT LIBOR-1M 4.9366
TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 51.266 44.487 46.955 49.091 51.266 54.513 63.969 73.694
99-24+ 50.667 44.294 46.653 48.654 50.667 53.715 62.566 71.739
99-25 50.069 44.100 46.350 48.217 50.069 52.918 61.164 69.785
99-25+ 49.471 43.907 46.048 47.780 49.471 52.121 59.762 67.832
99-26 48.873 43.713 45.745 47.344 48.873 51.324 58.361 65.879
99-26+ 48.275 43.520 45.443 46.907 48.275 50.528 56.961 63.928
99-27 47.677 43.327 45.141 46.471 47.677 49.732 55.561 61.977
99-27+ 47.080 43.133 44.839 46.035 47.080 48.936 54.162 60.027
99-28 46.483 42.940 44.537 45.599 46.483 48.141 52.763 58.078
99-28+ 45.886 42.747 44.235 45.163 45.886 47.346 51.365 56.129
99-29 45.289 42.554 43.933 44.727 45.289 46.551 49.967 54.182
99-29+ 44.693 42.361 43.631 44.292 44.693 45.756 48.570 52.235
99-30 44.096 42.168 43.330 43.856 44.096 44.962 47.174 50.289
99-30+ 43.500 41.975 43.028 43.421 43.500 44.168 45.778 48.344
99-31 42.904 41.782 42.726 42.986 42.904 43.374 44.382 46.399
99-31+ 42.308 41.589 42.425 42.551 42.308 42.580 42.988 44.456
100-00 41.713 41.397 42.124 42.116 41.713 41.787 41.593 42.513
100-00+ 41.117 41.204 41.823 41.681 41.117 40.994 40.200 40.571
100-01 40.522 41.011 41.521 41.247 40.522 40.202 38.807 38.630
100-01+ 39.927 40.818 41.220 40.812 39.927 39.409 37.414 36.690
100-02 39.332 40.626 40.919 40.378 39.332 38.617 36.022 34.750
100-02+ 38.738 40.433 40.619 39.944 38.738 37.825 34.631 32.811
100-03 38.143 40.241 40.318 39.510 38.143 37.034 33.240 30.873
100-03+ 37.549 40.049 40.017 39.076 37.549 36.242 31.850 28.936
100-04 36.955 39.856 39.717 38.642 36.955 35.452 30.460 27.000
100-04+ 36.361 39.664 39.416 38.208 36.361 34.661 29.071 25.064
100-05 35.768 39.472 39.116 37.775 35.768 33.870 27.682 23.130
100-05+ 35.174 39.279 38.815 37.341 35.174 33.080 26.294 21.196
100-06 34.581 39.087 38.515 36.908 34.581 32.290 24.906 19.262
100-06+ 33.988 38.895 38.215 36.475 33.988 31.501 23.520 17.330
100-07 33.395 38.703 37.915 36.042 33.395 30.712 22.133 15.398
100-07+ 32.803 38.511 37.615 35.609 32.803 29.923 20.747 13.468
First Payment 0.083 0.083 0.083 0.083 0.083 0.083 0.083 0.083
Average Life 3.035 12.215 6.846 4.369 3.035 2.205 1.201 0.845
Last Payment 14.500 29.333 26.083 19.500 14.500 11.167 7.250 6.000
Mod.Dur. @ 100-00 2.533 7.816 5.002 3.467 2.533 1.903 1.085 0.780
Accrued Interest 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
- -------------------------- ----------------------------------
CURRENT BALANCE: $20,000,000.00 DATED DATE: 02/01/99
COUPON: [TBD]% ctxch991 FIRST PAYMENT: 03/25/99
FACTOR: 1.0000000000 TOTAL CLASSES: 8
ORIGINAL BALANCE: $20,000,000.00 YIELD TABLE DATE: 02/25/99
BOND A-8 BE-YIELD TABLE
TO 10% CALL / TO MATURITY
<TABLE>
<CAPTION>
PRICING SPEED
G-I HEP 24.0% 10.00% 15.00% 20.00% 24.00% 30.00% 40.00% 50.00%
PRICE G-IICPR 28.0% 7.00% 14.00% 21.00% 28.00% 35.00% 49.00% 56.00%
<S> <C> <C> <C> <C> <C> <C> <C> <C>
99-24 6.054 6.083 6.067 6.059 6.054 6.050 6.048 6.050
99-24+ 6.045 6.078 6.060 6.051 6.045 6.041 6.039 6.041
99-25 6.037 6.073 6.053 6.043 6.037 6.032 6.030 6.033
99-25+ 6.028 6.067 6.046 6.035 6.028 6.024 6.021 6.024
99-26 6.020 6.062 6.039 6.027 6.020 6.015 6.011 6.015
99-26+ 6.011 6.056 6.032 6.019 6.011 6.006 6.002 6.006
99-27 6.003 6.051 6.025 6.011 6.003 5.997 5.993 5.997
99-27+ 5.994 6.045 6.018 6.003 5.994 5.988 5.984 5.989
99-28 5.986 6.040 6.011 5.995 5.986 5.980 5.975 5.980
99-28+ 5.978 6.035 6.004 5.988 5.978 5.971 5.966 5.971
99-29 5.969 6.029 5.997 5.980 5.969 5.962 5.957 5.962
99-29+ 5.961 6.024 5.990 5.972 5.961 5.953 5.948 5.953
99-30 5.952 6.018 5.982 5.964 5.952 5.944 5.939 5.945
99-30+ 5.944 6.013 5.975 5.956 5.944 5.936 5.930 5.936
99-31 5.935 6.007 5.968 5.948 5.935 5.927 5.921 5.927
99-31+ 5.927 6.002 5.961 5.940 5.927 5.918 5.912 5.918
100-00 5.918 5.997 5.954 5.932 5.918 5.909 5.903 5.910
100-00+ 5.910 5.991 5.947 5.924 5.910 5.901 5.894 5.901
100-01 5.902 5.986 5.940 5.916 5.902 5.892 5.885 5.892
100-01+ 5.893 5.980 5.933 5.909 5.893 5.883 5.876 5.883
100-02 5.885 5.975 5.926 5.901 5.885 5.874 5.867 5.874
100-02+ 5.876 5.970 5.919 5.893 5.876 5.865 5.858 5.866
100-03 5.868 5.964 5.912 5.885 5.868 5.857 5.849 5.857
100-03+ 5.860 5.959 5.905 5.877 5.860 5.848 5.840 5.848
100-04 5.851 5.953 5.898 5.869 5.851 5.839 5.831 5.839
100-04+ 5.843 5.948 5.891 5.861 5.843 5.830 5.822 5.831
100-05 5.834 5.943 5.884 5.853 5.834 5.822 5.813 5.822
100-05+ 5.826 5.937 5.877 5.845 5.826 5.813 5.804 5.813
100-06 5.817 5.932 5.870 5.838 5.817 5.804 5.795 5.804
100-06+ 5.809 5.926 5.863 5.830 5.809 5.795 5.786 5.796
100-07 5.801 5.921 5.856 5.822 5.801 5.787 5.777 5.787
100-07+ 5.792 5.916 5.849 5.814 5.792 5.778 5.768 5.778
First Payment 1.333 1.333 1.333 1.333 1.333 1.333 1.333 1.333
Average Life 2.021 3.295 2.454 2.168 2.021 1.934 1.877 1.937
Last Payment 3.250 5.500 3.833 3.417 3.250 3.167 3.083 3.333
Mod.Dur. @ 100-00 1.846 2.875 2.208 1.970 1.846 1.772 1.724 1.774
Accrued Interest 0.404 0.404 0.404 0.404 0.404 0.404 0.404 0.404
</TABLE>
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
- --------------------------------------------------------------------------------
- CENTEX 99-1
- Cut Off Date of Tape is 2/1/99 - Scheduled Balances
- Mortgage Loan Group I
- $182,267,624.54
- Mortgage Summary Report
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 2,887
Lien Status: 1st and 2nd Lien Loans
Aggregate Unpaid Principal Balance: $182,267,624.54
Aggregate Original Principal Balance: $182,377,253.72
Weighted Average Gross Coupon: 11.136%
Gross Coupon Range: 7.190% - 17.300%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance:
$63,133.92
Average Original Principal Balance: $63,171.89
Maximum Unpaid Principal Balance: $749,586.04
Minimum Unpaid Principal Balance: $2,437.64
Maximum Original Principal Balance: $750,000.00
Minimum Original Principal Balance: $2,500.00
Weighted Avg. Stated Rem. Term: 319.840 (1)
Stated Rem Term Range: 57.000 - 360.000
Weighted Average Age: 0.653 (2)
Age Range: 0.000 - 18.000
Weighted Average Original Term: 320.493
Original Term Range: 60.000 - 360.000
Weighted Average Original LTV: 76.832
Original LTV Range: 4.510% - 120.000%
Weighted Average Combined LTV: 79.677
Combined LTV Range: 9.090% - 120.000%
- --------------------------------------------------------------------------------
(1) Difference between scheduled next due date and maturity date + 1
(2) Original Term - Rem Term
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 92 5,704,097.58 3.13
Arkansas 17 884,879.96 0.49
California 23 2,664,047.14 1.46
Colorado 78 6,411,231.99 3.52
Connecticut 31 2,751,706.94 1.51
Delaware 3 80,931.76 0.04
Dist of Col 5 413,173.45 0.23
Florida 232 14,885,366.20 8.17
Georgia 129 8,663,489.58 4.75
Idaho 9 517,802.25 0.28
Illinois 112 6,833,713.32 3.75
Indiana 71 4,024,778.63 2.21
Iowa 58 2,507,178.07 1.38
Kansas 72 4,109,749.26 2.25
Kentucky 14 883,574.82 0.48
Louisiana 13 844,582.54 0.46
Maine 4 163,546.09 0.09
Maryland 9 464,332.13 0.25
Massachusetts 12 1,149,334.61 0.63
Michigan 39 2,859,911.03 1.57
Minnesota 41 2,313,098.91 1.27
Mississippi 101 3,942,779.65 2.16
Missouri 198 10,087,296.66 5.53
Montana 1 19,910.73 0.01
Nebraska 63 3,427,732.75 1.88
Nevada 18 2,083,449.11 1.14
New Hampshire 5 392,340.30 0.22
New Jersey 31 2,780,336.07 1.53
New Mexico 35 2,182,565.68 1.20
New York 141 10,620,277.37 5.83
North Carolina 92 6,527,699.43 3.58
Ohio 118 7,801,756.54 4.28
Oklahoma 77 3,043,396.74 1.67
Oregon 44 3,632,633.70 1.99
Pennsylvania 125 6,829,331.68 3.75
Rhode Island 3 232,580.00 0.13
South Carolina 69 4,283,214.08 2.35
South Dakota 5 293,752.82 0.16
Tennessee 91 7,418,828.24 4.07
Texas 388 22,281,942.08 12.22
Utah 42 2,992,556.43 1.64
Virginia 66 4,281,904.08 2.35
Washington 73 5,866,614.93 3.22
West Virgina 7 341,501.36 0.19
Wisconsin 25 1,498,820.73 0.82
Wyoming 5 273,877.12 0.15
- --------------------------------------------------------------------------
Total............... 2887 $ 182,267,624.54 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LOAN SUMMARY STRATIFIED BY AMORTIZATION
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Amortization Loans Balance Balance
Fully Amortizing 2881 182,019,053.68 99.86
Partially Amortizing 6 248,570.86 0.14
- --------------------------------------------------------------------------
Total.................. 2887 $ 182,267,624.54 100.00%
==========================================================================
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
5.000 * CLTV *= 10.000 1 15,946.62 0.01
10.000 * CLTV *= 15.000 4 70,124.96 0.04
15.000 * CLTV *= 20.000 3 66,207.18 0.04
20.000 * CLTV *= 25.000 13 429,159.48 0.24
25.000 * CLTV *= 30.000 10 262,310.61 0.14
30.000 * CLTV *= 35.000 14 378,620.40 0.21
35.000 * CLTV *= 40.000 22 626,587.99 0.34
40.000 * CLTV *= 45.000 31 1,475,083.73 0.81
45.000 * CLTV *= 50.000 55 2,161,011.74 1.19
50.000 * CLTV *= 55.000 56 2,508,476.84 1.38
55.000 * CLTV *= 60.000 83 4,636,635.00 2.54
60.000 * CLTV *= 65.000 105 5,261,091.28 2.89
65.000 * CLTV *= 70.000 207 11,200,677.22 6.15
70.000 * CLTV *= 75.000 273 14,358,189.07 7.88
75.000 * CLTV *= 80.000 838 53,103,267.19 29.13
80.000 * CLTV *= 85.000 549 36,029,521.81 19.77
85.000 * CLTV *= 90.000 568 46,541,246.69 25.53
90.000 * CLTV *= 95.000 31 1,860,696.18 1.02
95.000 * CLTV *= 100.000 22 1,210,556.36 0.66
100.000 * CLTV *= 105.000 1 45,231.69 0.02
115.000 * CLTV *= 120.000 1 26,982.50 0.01
- --------------------------------------------------------------------------
Total.................... 2,887 $ 182,267,624.54 100.00%
==========================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
7.00% * Gross Coupon *= 7.50% 4 322,315.86 0.18
7.50% * Gross Coupon *= 7.75% 2 190,784.65 0.10
7.75% * Gross Coupon *= 8.00% 15 1,240,341.02 0.68
8.00% * Gross Coupon *= 8.25% 12 957,980.97 0.53
8.25% * Gross Coupon *= 8.50% 19 1,922,844.52 1.05
8.50% * Gross Coupon *= 8.75% 34 2,714,896.53 1.49
8.75% * Gross Coupon *= 9.00% 67 7,363,626.43 4.04
9.00% * Gross Coupon *= 9.25% 25 2,394,275.94 1.31
9.25% * Gross Coupon *= 9.50% 81 6,895,470.64 3.78
9.50% * Gross Coupon *= 9.75% 61 4,707,343.57 2.58
9.75% * Gross Coupon *= 10.00% 209 15,481,068.09 8.49
10.00% * Gross Coupon *= 10.25% 81 5,337,008.25 2.93
10.25% * Gross Coupon *= 10.50% 176 13,800,466.41 7.57
10.50% * Gross Coupon *= 10.75% 144 10,698,216.93 5.87
10.75% * Gross Coupon *= 11.00% 300 20,773,289.68 11.40
11.00% * Gross Coupon *= 11.25% 113 7,146,770.28 3.92
11.25% * Gross Coupon *= 11.50% 207 13,682,584.07 7.51
11.50% * Gross Coupon *= 11.75% 157 9,500,396.98 5.21
11.75% * Gross Coupon *= 12.00% 262 16,303,869.71 8.95
12.00% * Gross Coupon *= 12.25% 108 5,840,187.14 3.20
12.25% * Gross Coupon *= 12.50% 172 7,539,090.61 4.14
12.50% * Gross Coupon *= 12.75% 93 4,752,296.36 2.61
12.75% * Gross Coupon *= 13.00% 158 7,521,771.94 4.13
13.00% * Gross Coupon *= 13.25% 58 2,195,300.18 1.20
13.25% * Gross Coupon *= 13.50% 60 2,762,599.10 1.52
13.50% * Gross Coupon *= 13.75% 46 2,136,348.85 1.17
13.75% * Gross Coupon *= 14.00% 75 2,776,313.33 1.52
14.00% * Gross Coupon *= 14.25% 33 1,156,862.15 0.63
14.25% * Gross Coupon *= 14.50% 29 1,003,912.53 0.55
14.50% * Gross Coupon *= 14.75% 27 1,186,015.01 0.65
14.75% * Gross Coupon *= 15.00% 21 801,532.82 0.44
15.00% * Gross Coupon *= 15.25% 8 309,191.22 0.17
15.25% * Gross Coupon *= 15.50% 5 166,085.28 0.09
15.50% * Gross Coupon *= 15.75% 5 157,492.90 0.09
15.75% * Gross Coupon *= 16.00% 6 146,842.69 0.08
16.00% * Gross Coupon *= 16.25% 2 51,580.57 0.03
16.25% * Gross Coupon *= 16.50% 4 108,960.55 0.06
16.50% * Gross Coupon *= 16.75% 1 48,873.76 0.03
16.75% * Gross Coupon *= 17.00% 6 142,719.55 0.08
17.25% * Gross Coupon *= 17.50% 1 30,097.47 0.02
- -------------------------------------------------------------------------------
Total.......... 2887 $182,267,624.54 100.00%
===============================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
0 * Balance *= 5,000 1 2,437.64 0.00
5,000 * Balance *= 10,000 13 121,339.14 0.07
10,000 * Balance *= 15,000 77 1,010,122.33 0.55
15,000 * Balance *= 20,000 127 2,280,111.83 1.25
20,000 * Balance *= 25,000 165 3,807,022.65 2.09
25,000 * Balance *= 30,000 210 5,859,484.81 3.21
30,000 * Balance *= 35,000 188 6,165,783.60 3.38
35,000 * Balance *= 40,000 185 7,009,196.32 3.85
40,000 * Balance *= 45,000 184 7,877,534.32 4.32
45,000 * Balance *= 50,000 185 8,855,592.60 4.86
50,000 * Balance *= 55,000 203 10,702,533.02 5.87
55,000 * Balance *= 60,000 187 10,802,218.73 5.93
60,000 * Balance *= 65,000 132 8,286,032.45 4.55
65,000 * Balance *= 70,000 127 8,592,106.78 4.71
70,000 * Balance *= 75,000 133 9,662,133.88 5.30
75,000 * Balance *= 80,000 100 7,765,012.40 4.26
80,000 * Balance *= 85,000 77 6,358,779.74 3.49
85,000 * Balance *= 90,000 79 6,919,781.36 3.80
90,000 * Balance *= 95,000 47 4,354,347.42 2.39
95,000 * Balance *= 100,000 60 5,880,300.99 3.23
100,000 * Balance *= 105,000 41 4,231,019.12 2.32
105,000 * Balance *= 110,000 38 4,091,796.25 2.24
110,000 * Balance *= 115,000 40 4,491,525.12 2.46
115,000 * Balance *= 120,000 43 5,061,632.26 2.78
120,000 * Balance *= 125,000 23 2,826,504.81 1.55
125,000 * Balance *= 130,000 24 3,061,728.05 1.68
130,000 * Balance *= 135,000 23 3,060,518.52 1.68
135,000 * Balance *= 140,000 20 2,756,717.19 1.51
140,000 * Balance *= 145,000 23 3,283,310.04 1.80
145,000 * Balance *= 150,000 19 2,819,717.49 1.55
150,000 * Balance *= 200,000 68 11,611,299.26 6.37
200,000 * Balance *= 250,000 28 6,389,805.45 3.51
250,000 * Balance *= 300,000 8 2,289,763.84 1.26
300,000 * Balance *= 350,000 3 936,327.58 0.51
350,000 * Balance *= 400,000 2 763,367.53 0.42
450,000 * Balance *= 500,000 1 488,678.98 0.27
500,000 * Balance *= 550,000 2 1,042,455.00 0.57
700,000 * Balance *= 750,000 1 749,586.04 0.41
- --------------------------------------------------------------------------
Total.................... 2887 $182,267,624.54 100.00%
==========================================================================
* = Less Than
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 2601 160,535,770.16 88.08
RowHouse 4 250,857.25 0.14
Manufactured Housing 43 2,270,716.47 1.25
PUD 91 9,416,208.79 5.17
Townhouses 13 812,638.14 0.45
2-4 Family 115 7,897,377.46 4.33
Condominiums 19 1,024,070.31 0.56
Leasehold 1 59,985.96 0.03
- --------------------------------------------------------------------------
Total............... 2887 $ 182,267,624.54 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
48 * Orig. Term *= 60 24 505,114.78 0.28%
72 * Orig. Term *= 84 6 148,343.12 0.08%
84 * Orig. Term *= 96 3 63,255.77 0.03%
108 * Orig. Term *= 120 168 5,112,019.21 2.80%
120 * Orig. Term *= 132 2 68,523.03 0.04%
132 * Orig. Term *= 144 1 34,443.17 0.02%
168 * Orig. Term *= 180 537 22,697,884.59 12.45%
228 * Orig. Term *= 240 276 13,359,256.45 7.33%
288 * Orig. Term *= 300 17 851,692.20 0.47%
324 * Orig. Term *= 336 1 78,447.85 0.04%
348 * Orig. Term *= 360 1,852 139,348,644.37 76.45%
- -------------------------------------------------------------------
Total............ 2,887 182,267,624.54 100.00%
===================================================================
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
48 * Rem Term *= 60 24 505,114.78 0.28%
72 * Rem Term *= 84 6 148,343.12 0.08%
84 * Rem Term *= 96 3 63,255.77 0.03%
108 * Rem Term *= 120 168 5,112,019.21 2.80%
120 * Rem Term *= 132 2 68,523.03 0.04%
132 * Rem Term *= 144 1 34,443.17 0.02%
156 * Rem Term *= 168 1 55,643.42 0.03%
168 * Rem Term *= 180 536 22,642,241.17 12.42%
216 * Rem Term *= 228 1 14,492.49 0.01%
228 * Rem Term *= 240 275 13,344,763.96 7.32%
288 * Rem Term *= 300 17 851,692.20 0.47%
324 * Rem Term *= 336 1 78,447.85 0.04%
348 * Rem Term *= 360 1,852 139,348,644.37 76.45%
- -------------------------------------------------------------------
Total............ 2,887 182,267,624.54 100.00%
===================================================================
* = Less Than
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 1,513 94,072,966.72 51.61%
0 * Age *= 12 1,372 88,124,521.91 48.35%
12 * Age *= 24 2 70,135.91 0.04%
- -------------------------------------------------------------------
Total............ 2,887 182,267,624.54 100.00%
===================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 2705 173,288,111.66 95.07
Investor 159 7,486,429.83 4.11
Second Home 23 1,493,083.05 0.82
- --------------------------------------------------------------------------
Total.................. 2887 $ 182,267,624.54 100.00%
==========================================================================
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 2537 172,102,921.51 94.42
2 350 10,164,703.03 5.58
- --------------------------------------------------------------------------
Total............... 2887 $ 182,267,624.54 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 2550 157,625,089.19 86.48
No Inc. Verif. 219 15,498,179.41 8.50
Limited Documentation 118 9,144,355.94 5.02
- --------------------------------------------------------------------------
Total.................. 2887 $182,267,624.54 100.00%
==========================================================================
CREDIT GRADE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Credit Grade Loans Balance Balance
A+ 216 15,616,065.41 8.57
A1 844 60,487,970.36 33.19
A2 967 62,387,932.08 34.23
B 367 19,673,675.91 10.79
C1 303 15,039,214.50 8.25
C2 113 5,471,613.75 3.00
D 77 3,591,152.53 1.97
- -----------------------------------------------------------------
Total.......... 2887 $ 182,267,624.54 100.00%
=================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
SECOND MORTGAGE RATIOS
Percentage of
Aggregate Cut-Off Date
Second Number of Unpaid Aggregate
Mort Mortgage Principal Principal
Ratio Loans Balance Balance
5.000** Ratio**= 10.0 15 184,700.20 1.82
10.000** Ratio**= 15.0 37 646,388.09 6.36
15.000** Ratio**= 20.0 52 1,086,655.64 10.69
20.000** Ratio**= 25.0 57 1,483,350.63 14.59
25.000** Ratio**= 30.0 41 1,024,627.33 10.08
30.000** Ratio**= 35.0 35 1,322,325.96 13.01
35.000** Ratio**= 40.0 33 1,144,666.56 11.26
40.000** Ratio**= 45.0 26 895,750.75 8.81
45.000** Ratio**= 50.0 16 726,625.53 7.15
50.000** Ratio**= 55.0 17 634,571.93 6.24
55.000** Ratio**= 60.0 4 165,522.41 1.63
60.000** Ratio**= 65.0 2 127,925.07 1.26
65.000** Ratio**= 70.0 6 296,257.33 2.91
70.000** Ratio**= 75.0 2 40,987.22 0.40
75.000** Ratio**= 80.0 3 121,143.00 1.19
80.000** Ratio**= 85.0 2 169,769.38 1.67
85.000** Ratio**= 90.0 1 51,226.00 0.50
95.000** Ratio**=100.0 1 42,210.00 0.42
- --------------------------------------------------------------------------
Total.................... 350 $ 10,164,703.03 100.00%
==========================================================================
** = Less Than
*For second lien loans only
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
- --------------------------------------------------------------------------------
- CENTEX 99-1
- Cut Off Date of Tape is 2/1/99 - Scheduled Balances
- Mortgage Loan Group II
- $78,863,918.70
- --------------------------------------------------------------------------------
Number of Mortgage Loans: 791
Lien Status: 1st Lien Loans
Index: 6 MO LIBOR
Aggregate Unpaid Principal Balance: $78,863,918.70
Aggregate Original Principal Balance: $78,890,302.59
Weighted Average Coupon (Gross): 10.963%
Gross Coupon Range: 7.200% - 15.550%
- --------------------------------------------------------------------------------
Weighted Average Margin (Gross): 7.237%
Gross Margin Range: 4.050% - 11.400%
Weighted Average Life Cap (Gross): 17.962%
Gross Life Cap Range: 14.200% - 22.550%
Weighted Average Life Floor (Gross): 9.434%
Gross Life Floor Range: 4.400% - 15.550%
- --------------------------------------------------------------------------------
Average Unpaid Principal Balance: $99,701.54
Average Original Principal Balance: $99,734.90
Maximum Unpaid Principal Balance: $477,630.00
Minimum Unpaid Principal Balance: $17,496.46
Maximum Original Principal Balance: $477,630.00
Minimum Original Principal Balance: $17,500.00
Weighted Avg. Stated Rem. Term: 357.904 (1)
Stated Rem Term Range: 119.000 - 360.000
Weighted Average Age: 0.688 (2)
Age Range: 0.000 - 11.000
Weighted Average Original Term: 358.592
Original Term Range: 120.000 - 360.000
Weighted Average Original LTV: 83.115
Original LTV Range: 20.000% - 98.690%
Weighted Average Periodic Interest Cap: 1.000%
Periodic Interest Cap Range: 1.000% - 1.000%
Weighted Average Months to Interest Roll: 16.912
Months to Interest Roll Range: 0 - 24
Weighted Average Interest Roll Frequency: 6.000
Interest Frequency Range: 6 - 6
- --------------------------------------------------------------------------------
(1) Difference between scheduled next due date and maturity date + 1
(2) Original Term - Rem Term
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
State Loans Balance Balance
Arizona 24 2,161,851.42 2.74
California 46 8,172,593.02 10.36
Colorado 23 2,857,070.38 3.62
Connecticut 26 2,699,160.06 3.42
Florida 11 1,027,007.38 1.30
Georgia 13 1,035,300.50 1.31
Idaho 11 888,088.30 1.13
Illinois 54 5,524,986.16 7.01
Indiana 12 922,563.48 1.17
Iowa 18 1,017,715.08 1.29
Kansas 19 1,963,839.22 2.49
Kentucky 2 179,000.27 0.23
Maine 9 767,246.84 0.97
Maryland 6 584,340.48 0.74
Massachusetts 21 2,790,515.47 3.54
Michigan 6 424,781.28 0.54
Minnesota 41 3,754,235.31 4.76
Mississippi 12 1,188,773.26 1.51
Missouri 40 2,769,420.61 3.51
Nebraska 13 1,004,506.36 1.27
Nevada 11 2,010,145.83 2.55
New Hampshire 11 1,106,615.81 1.40
New Jersey 17 1,824,326.49 2.31
New Mexico 10 1,024,034.67 1.30
New York 70 7,208,567.30 9.14
North Carolina 32 2,503,850.30 3.17
North Dakota 1 30,000.00 0.04
Ohio 55 4,632,710.55 5.87
Oklahoma 16 1,158,152.41 1.47
Oregon 13 2,031,227.31 2.58
Pennsylvania 40 2,218,742.63 2.81
South Carolina 13 1,281,299.83 1.62
South Dakota 2 127,625.84 0.16
Tennessee 14 1,100,432.08 1.40
Texas 16 1,563,571.80 1.98
Utah 11 1,231,962.14 1.56
Vermont 2 122,561.15 0.16
Virginia 1 190,800.00 0.24
Washington 28 3,886,671.87 4.93
West Virgina 2 240,226.03 0.30
Wisconsin 14 1,269,390.13 1.61
Wyoming 5 368,009.65 0.47
- --------------------------------------------------------------------------
Total............... 791 $ 78,863,918.70 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LOAN TYPE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loan Type Loans Balance Balance
2/28 ARM 568 54,407,221.80 68.99
ARM 223 24,456,696.90 31.01
- --------------------------------------------------------------------------
Total.................. 791 $ 78,863,918.70 100.00%
==========================================================================
ORIGINAL COMBINED LOAN-TO-VALUE RATIOS
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original CLTV Ratio Loans Balance Balance
15.000 * CLTV *= 20.000 1 49,985.36 0.06
25.000 * CLTV *= 30.000 2 59,973.05 0.08
30.000 * CLTV *= 35.000 1 34,988.81 0.04
35.000 * CLTV *= 40.000 4 210,858.27 0.27
40.000 * CLTV *= 45.000 3 201,960.26 0.26
45.000 * CLTV *= 50.000 4 279,000.85 0.35
50.000 * CLTV *= 55.000 5 410,546.46 0.52
55.000 * CLTV *= 60.000 11 585,435.36 0.74
60.000 * CLTV *= 65.000 17 1,668,974.57 2.12
65.000 * CLTV *= 70.000 34 2,985,593.46 3.79
70.000 * CLTV *= 75.000 71 6,035,262.78 7.65
75.000 * CLTV *= 80.000 179 16,630,711.34 21.09
80.000 * CLTV *= 85.000 179 18,033,599.06 22.87
85.000 * CLTV *= 90.000 263 30,075,308.76 38.14
90.000 * CLTV *= 95.000 10 991,028.57 1.26
95.000 * CLTV *= 100.000 7 610,691.74 0.77
- --------------------------------------------------------------------------
Total.................... 791 $ 78,863,918.70 100.00%
==========================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT GROSS MORTGAGE INTEREST RATE RANGE
Percentage of
Aggregate Cut-Off Date
Gross Mortgage Number of Unpaid Aggregate
Interest Rate Mortgage Principal Principal
Range Loans Balance Balance
7.00% * Gross Coupon *= 7.50% 2 142,485.30 0.18
7.50% * Gross Coupon *= 7.75% 1 90,000.00 0.11
7.75% * Gross Coupon *= 8.00% 3 246,867.48 0.31
8.00% * Gross Coupon *= 8.25% 1 71,100.00 0.09
8.25% * Gross Coupon *= 8.50% 5 577,344.78 0.73
8.50% * Gross Coupon *= 8.75% 3 341,407.11 0.43
8.75% * Gross Coupon *= 9.00% 16 2,015,311.25 2.56
9.00% * Gross Coupon *= 9.25% 9 1,050,793.87 1.33
9.25% * Gross Coupon *= 9.50% 21 2,237,936.78 2.84
9.50% * Gross Coupon *= 9.75% 27 3,283,713.90 4.16
9.75% * Gross Coupon *= 10.00% 58 7,681,410.26 9.74
10.00% * Gross Coupon *= 10.25% 34 3,473,488.56 4.40
10.25% * Gross Coupon *= 10.50% 55 7,119,377.73 9.03
10.50% * Gross Coupon *= 10.75% 57 6,690,569.02 8.48
10.75% * Gross Coupon *= 11.00% 106 11,006,834.60 13.96
11.00% * Gross Coupon *= 11.25% 46 5,072,396.29 6.43
11.25% * Gross Coupon *= 11.50% 56 5,111,121.60 6.48
11.50% * Gross Coupon *= 11.75% 60 5,110,140.79 6.48
11.75% * Gross Coupon *= 12.00% 68 5,498,193.78 6.97
12.00% * Gross Coupon *= 12.25% 30 1,941,017.33 2.46
12.25% * Gross Coupon *= 12.50% 28 2,956,483.46 3.75
12.50% * Gross Coupon *= 12.75% 28 1,954,424.06 2.48
12.75% * Gross Coupon *= 13.00% 36 2,688,842.14 3.41
13.00% * Gross Coupon *= 13.25% 6 316,980.42 0.40
13.25% * Gross Coupon *= 13.50% 14 1,102,255.19 1.40
13.50% * Gross Coupon *= 13.75% 4 183,096.46 0.23
13.75% * Gross Coupon *= 14.00% 12 745,948.70 0.95
14.00% * Gross Coupon *= 14.25% 1 32,788.52 0.04
14.25% * Gross Coupon *= 14.50% 1 40,800.00 0.05
14.50% * Gross Coupon *= 14.75% 1 32,074.65 0.04
15.00% * Gross Coupon *= 15.25% 1 26,250.00 0.03
15.50% * Gross Coupon *= 15.75% 1 22,464.67 0.03
- -------------------------------------------------------------------------------
Total.......... 791 $78,863,918.70 100.00%
===============================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
CURRENT MORTGAGE LOAN AMOUNTS
Percentage of
Aggregate Cut-Off Date
Current Number of Unpaid Aggregate
Mortgage Loan Mortgage Principal Principal
Principal Balance Loans Balance Balance
15,000 * Balance *= 20,000 2 35,646.46 0.05
20,000 * Balance *= 25,000 9 202,454.46 0.26
25,000 * Balance *= 30,000 20 562,112.89 0.71
30,000 * Balance *= 35,000 21 680,167.54 0.86
35,000 * Balance *= 40,000 31 1,173,791.67 1.49
40,000 * Balance *= 45,000 26 1,112,602.45 1.41
45,000 * Balance *= 50,000 33 1,571,364.81 1.99
50,000 * Balance *= 55,000 30 1,591,765.17 2.02
55,000 * Balance *= 60,000 49 2,809,121.00 3.56
60,000 * Balance *= 65,000 37 2,314,394.97 2.93
65,000 * Balance *= 70,000 50 3,393,678.26 4.30
70,000 * Balance *= 75,000 40 2,897,145.50 3.67
75,000 * Balance *= 80,000 35 2,698,071.09 3.42
80,000 * Balance *= 85,000 26 2,142,953.35 2.72
85,000 * Balance *= 90,000 23 2,020,434.77 2.56
90,000 * Balance *= 95,000 19 1,765,665.84 2.24
95,000 * Balance *= 100,000 33 3,212,995.95 4.07
100,000 * Balance *= 105,000 23 2,362,168.18 3.00
105,000 * Balance *= 110,000 28 3,020,556.52 3.83
110,000 * Balance *= 115,000 23 2,582,274.32 3.27
115,000 * Balance *= 120,000 19 2,225,864.38 2.82
120,000 * Balance *= 125,000 16 1,962,097.30 2.49
125,000 * Balance *= 130,000 18 2,296,152.73 2.91
130,000 * Balance *= 135,000 12 1,583,602.88 2.01
135,000 * Balance *= 140,000 17 2,343,886.81 2.97
140,000 * Balance *= 145,000 9 1,281,177.85 1.62
145,000 * Balance *= 150,000 12 1,774,134.64 2.25
150,000 * Balance *= 200,000 78 13,403,438.87 17.00
200,000 * Balance *= 250,000 29 6,539,029.69 8.29
250,000 * Balance *= 300,000 10 2,656,258.58 3.37
300,000 * Balance *= 350,000 7 2,212,780.67 2.81
350,000 * Balance *= 400,000 3 1,125,685.74 1.43
400,000 * Balance *= 450,000 2 832,813.36 1.06
450,000 * Balance *= 500,000 1 477,630.00 0.61
- --------------------------------------------------------------------------
Total.................... 791 $ 78,863,918.70 100.00%
==========================================================================
* + Less Than
MORTGAGED PROPERTIES
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Single-family 673 65,496,200.41 83.05
RowHouse 2 65,728.51 0.08
Manufactured Housing 16 1,159,467.04 1.47
PUD 35 5,514,817.54 6.99
Townhouses 6 705,709.54 0.89
2-4 Family 50 5,282,478.45 6.70
Condominiums 9 639,517.21 0.81
- --------------------------------------------------------------------------
Total............... 791 $ 78,863,918.70 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
ORIGINAL TERM
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Original Term Loans Balance Balance
108 * Orig. Term *= 120 1 59,720.27 0.08%
168 * Orig. Term *= 180 6 360,061.77 0.46%
228 * Orig. Term *= 240 4 211,265.70 0.27%
288 * Orig. Term *= 300 2 109,048.19 0.14%
348 * Orig. Term *= 360 778 78,123,822.77 99.06%
- -------------------------------------------------------------------
Total............ 791 78,863,918.70 100.00%
===================================================================
* = Less Than
REMAINING MONTHS TO STATED MATURITY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Remaining Term Loans Balance Balance
108 * Rem Term *= 120 1 59,720.27 0.08%
168 * Rem Term *= 180 6 360,061.77 0.46%
228 * Rem Term *= 240 4 211,265.70 0.27%
288 * Rem Term *= 300 2 109,048.19 0.14%
348 * Rem Term *= 360 778 78,123,822.77 99.06%
- -------------------------------------------------------------------
Total............ 791 78,863,918.70 100.00%
===================================================================
* + Less Than
AGE OF LOAN
PercentAge of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
MortgAge Principal Principal
Age Loans Balance Balance
Age = 0 414 41,760,144.19 52.95%
0 * Age *= 12 377 37,103,774.51 47.05%
- -------------------------------------------------------------------
Total............ 791 78,863,918.70 100.00%
===================================================================
* = Less Than
LOAN SUMMARY STRATIFIED BY
OWNER OCCUPANCY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Owner Occ. 752 76,249,705.04 96.69
Investor 36 2,389,269.11 3.03
Second Home 3 224,944.55 0.29
- --------------------------------------------------------------------------
Total.................. 791 $ 78,863,918.70 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LIEN SUMMARY
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
1 791 78,863,918.70 100.00
- --------------------------------------------------------------------------
Total............... 791 $ 78,863,918.70 100.00%
==========================================================================
LOAN SUMMARY STRATIFIED BY
DOCUMENTATION LEVEL
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Loans Balance Balance
Full Documentation 685 66,079,581.25 83.79
No Inc. Verif. 71 7,761,993.81 9.84
Limited Documentation 35 5,022,343.64 6.37
- --------------------------------------------------------------------------
Total.................. 791 $78,863,918.70 100.00%
==========================================================================
CREDIT GRADE
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Mortgage Principal Principal
Credit Grade Loans Balance Balance
A+ 7 945,595.88 1.20
A1 121 15,569,610.62 19.74
A2 366 37,175,114.36 47.14
B 156 14,232,592.74 18.05
C1 97 7,780,390.79 9.87
C2 44 3,160,614.31 4.01
- -----------------------------------------------------------------
Total.......... 791 $ 78,863,918.70 100.00%
=================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
GROSS MARGIN
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Margin Loans Balance Balance
4.000 * Gross Margin *= 5.00 16 1,504,744.61 1.91
5.000 * Gross Margin *= 6.00 80 8,776,163.43 11.13
6.000 * Gross Margin *= 7.00 212 24,567,635.74 31.15
7.000 * Gross Margin *= 8.00 275 27,093,533.65 34.35
8.000 * Gross Margin *= 9.00 152 13,097,819.33 16.61
9.000 * Gross Margin *= 10.00 46 3,411,732.38 4.33
10.000 * Gross Margin *= 11.00 8 363,574.89 0.46
11.000 * Gross Margin *= 12.00 2 48,714.67 0.06
- --------------------------------------------------------------------------
Total................. 791 $ 78,863,918.70 100.00%
==========================================================================
* = Less Than
LOAN SUMMARY STRATIFIED BY
LIFE CAP
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Cap Loans Balance Balance
14.000 * LIFE CAP *= 14.500 2 142,485.30 0.18
14.500 * LIFE CAP *= 15.000 4 336,867.48 0.43
15.000 * LIFE CAP *= 15.500 6 648,444.78 0.82
15.500 * LIFE CAP *= 16.000 19 2,356,718.36 2.99
16.000 * LIFE CAP *= 16.500 30 3,288,730.65 4.17
16.500 * LIFE CAP *= 17.000 86 11,010,124.16 13.96
17.000 * LIFE CAP *= 17.500 89 10,592,866.29 13.43
17.500 * LIFE CAP *= 18.000 162 17,652,403.62 22.38
18.000 * LIFE CAP *= 18.500 102 10,183,517.89 12.91
18.500 * LIFE CAP *= 19.000 128 10,608,334.57 13.45
19.000 * LIFE CAP *= 19.500 58 4,897,500.79 6.21
19.500 * LIFE CAP *= 20.000 64 4,643,266.20 5.89
20.000 * LIFE CAP *= 20.500 20 1,419,235.61 1.80
20.500 * LIFE CAP *= 21.000 16 929,045.16 1.18
21.000 * LIFE CAP *= 21.500 2 73,588.52 0.09
21.500 * LIFE CAP *= 22.000 1 32,074.65 0.04
22.000 * LIFE CAP *= 22.500 1 26,250.00 0.03
22.500 * LIFE CAP *= 23.000 1 22,464.67 0.03
- --------------------------------------------------------------------------
Total................. 791 $ 78,863,918.70 100.00%
==========================================================================
* = Less Than
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
<PAGE>
LOAN SUMMARY STRATIFIED BY
LIFE FLOOR
Percentage of
Aggregate Cut-Off Date
Number of Unpaid Aggregate
Gross Mortgage Principal Principal
Life Floor Loans Balance Balance
4.000 * Life Floor *= 4.500 2 200,612.58 0.25
4.500 * Life Floor *= 5.000 7 696,774.55 0.88
5.000 * Life Floor *= 5.500 13 1,258,414.94 1.60
5.500 * Life Floor *= 6.000 22 2,394,620.44 3.04
6.000 * Life Floor *= 6.500 39 3,995,002.83 5.07
6.500 * Life Floor *= 7.000 74 8,799,079.44 11.16
7.000 * Life Floor *= 7.500 67 7,076,027.78 8.97
7.500 * Life Floor *= 8.000 40 3,333,584.19 4.23
8.000 * Life Floor *= 8.500 28 1,886,505.21 2.39
8.500 * Life Floor *= 9.000 35 3,343,822.93 4.24
9.000 * Life Floor *= 9.500 20 2,031,935.46 2.58
9.500 * Life Floor *= 10.000 59 7,000,917.20 8.88
10.000 * Life Floor *= 10.500 39 4,803,423.96 6.09
10.500 * Life Floor *= 11.000 93 10,295,478.45 13.05
11.000 * Life Floor *= 11.500 60 6,033,652.07 7.65
11.500 * Life Floor *= 12.000 82 6,929,744.54 8.79
12.000 * Life Floor *= 12.500 37 3,589,062.43 4.55
12.500 * Life Floor *= 13.000 44 3,270,915.05 4.15
13.000 * Life Floor *= 13.500 16 1,110,486.52 1.41
13.500 * Life Floor *= 14.000 10 692,268.81 0.88
14.000 * Life Floor *= 14.500 1 40,800.00 0.05
14.500 * Life Floor *= 15.000 1 32,074.65 0.04
15.000 * Life Floor *= 15.500 1 26,250.00 0.03
15.500 * Life Floor *= 16.000 1 22,464.67 0.03
- --------------------------------------------------------------------------
Total................. 791 $ 78,863,918.70 100.00%
==========================================================================
* = Less Than
NEXT INTEREST ROLLDATE DATE
Percentage of
Cut-Off
Aggregate Date
Next Number of Unpaid Aggregate
Roll Mortgage Principal Principal
Date Loans Balance Balance
02/99 1 $318,105.43 00.40
03/99 2 $211,007.42 00.27
05/99 15 $1,633,145.24 02.07
06/99 73 $7,749,630.56 09.83
07/99 86 $9,444,758.88 11.98
08/99 46 $5,100,049.37 06.47
12/99 1 $107,966.60 00.14
02/00 1 $264,287.85 00.34
06/00 4 $335,025.88 00.42
07/00 1 $58,106.22 00.07
09/00 2 $169,781.33 00.22
10/00 2 $254,687.81 00.32
11/00 80 $7,682,806.60 09.74
12/00 195 $18,319,223.57 23.23
01/01 167 $16,645,005.62 21.11
02/01 115 $10,570,330.32 13.40
- --------------------------------------------------------------------------
Total........ 791 $78,863,918.70 100.00%
==========================================================================
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH
A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED
FINANCIAL ADVISOR IMMEDIATELY.
Lehman Brothers Inc. Legend on Computational Materials
This information does not constitute either an offer to sell or a solicitation
of an offer to buy any of the securities referred to herein. Offers to sell and
solicitations of offers to buy the securities are made only by, and this
information must be read in conjunction with, the final Prospectus Supplement
and the related Prospectus or, if not registered under the securities laws, the
final Offering Memorandum (the "Offering Document"). Information contained
herein does not purport to complete and is subject to the same qualifications
and assumptions, and should be considered by investors only in the light of the
same warnings, lack of assurances and representations and other precautionary
matters, as disclosed in the Offering Document Information regarding the
underlying assets has been provided by the issuer of the securities or an
affiliate thereof and has not been independently verified by Lehman Brothers
Inc. or any affiliate. The analyses contained herein have been prepared and
delivered by Lehman Brothers Inc. and the contents and accuracy thereof have not
been reviewed by the issuer. This information was prepared on the basis of
certain assumptions (including, in certain cases, assumptions specified by the
recipient hereof) regarding payments, interest rates, weighted average lives,
weighted average loan age, losses and other matters, including, but not limited
to, the assumptions described in the Offering Document. Lehman Brothers Inc.,
and any of its affiliates, make no representation or warranty as to the actual
rate or timing of payments on any of the underlying assets or the payments or
yield on the securities. This information supersedes any prior versions hereof
and will be deemed to be superseded by any subsequent versions (including, with
respect to any description of the securities or underlying assets, the
information contained in the Offering Document).
