<PAGE>
Exhibit 99.1
SUBJECT TO REVISION
TERM SHEET DATED DECEMBER 15, 2000
----------------------------------
[LOGO OF GreenPoint Credit]
$260,000,000 (approximate)
GreenPoint Credit, LLC
Seller and Servicer
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
Attached is a preliminary Series Term Sheet describing the structure, collateral
pool and certain aspects of the GreenPoint Credit, LLC Manufactured Housing
Contract Trust Pass-Through Certificates, Series 2000-7. The Series Term Sheet
has been prepared based on information provided by GreenPoint Credit, LLC and is
for informational purposes only and subject to modification or change. The
information and assumptions contained therein are preliminary and will be
superseded by a prospectus supplement and by any other additional information
subsequently filed with the Securities and Exchange Commission or incorporated
by reference in the Registration Statement.
Niether Credit Suisse First Boston Corporation nor any of its affiliates makes
any representation as to the accuracy or completeness of any of the information
set forth in the attached Series Term Sheet. This cover sheet is not part of
the Series Term Sheet.
A Registration Statement (including a base prospectus) relating to the Pass-
Through Certificates has been filed with the Securities and Exchange Commission.
The final Prospectus Supplement relating to the securities will be filed after
the securities have been priced and all of the terms and information are
finalized. This communication is not an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. Interested persons
are referred to the final Prospectus and Prospectus Supplement to which the
securities relate. Any investment decision should be based only upon the
information in the final Prospectus and Prospectus Supplement as of their
publication dates.
Credit Suisse First Boston
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
PRELIMINARY INFORMATION ONLY
================================================================================
Class A-1 Class A-2
-------------------------------------------------------------------------------
Amount/(1)/: $160,000,000 $100,000,000
Type: Adjustable Auction
Coupon [TBD]%/(2)/ [TBD]%/(2)/
Approximate Price: [TBD]% [TBD]%
Yield (%): [TBD]% [TBD]%
Spread (bps) TBD TBD/(3)/
Avg Life (To Call): 2.91 10.85
Avg Life (To Maturity): 2.91 11.90
1st Principal Payment: 1/01 6/07
Last Principal Payment (To Call): 6/07 4/15
Last Principal Payment (To Maturity): 6/07 5/30
Stated Maturity: 6/22 11/31/(4)/
Expected Settlement: 12/21/00 12/21/00
Payment Delay: 0 days 0 days
Interest Payment Basis ACT/360 ACT/360
Dated Date: 12/21/00 12/21/00
1st Distribution Date: 1/17/01 1/17/01
Ratings (Moody's/S&P): Aaa/AAA Aaa/AAA
Pricing Date: TBD TBD/(2)/
Prepayment Speed: 225% MHP 225% MHP
--------------------------------------------------------------------------------
(1) The approximate certificate balance of the Class A Certificates may vary by
plus or minus 5%.
(2) The pass-through rates on the offered certificates are capped at the
weighted average of the gross contract rates of the contracts (the "Net
Funds Cap"). The gross contract rate is the contract rate minus (a) 1.00%
for the first 12 distribution dates, and (b) 1.50% thereafter.
(3) The initial pass-through rate for the Auction Rate certificates will be set
not later than December 20, 2000 and will not exceed the maximum auction
rate. The pass-through rate for the Auction Rate certificates will be
recalculated monthly pursuant to auction procedures.
(4) Final stated maturity for the Class A-2 Certificates is the twelfth month
following the date on which the Contract with the latest scheduled maturity
date amortizes according to its term.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
2
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
TITLE OF SECURITIES: GreenPoint Credit Manufactured Housing Contract
Trust Pass-Through Certificates, Series 2000-7
SELLER/SERVICER: GreenPoint Credit, LLC ("GreenPoint")
TRUSTEE: Bank One, National Association
UNDERWRITER: Credit Suisse First Boston Corporation (Sole)
CLASS A CERTIFICATES: Class A-1 and Class A-2 Certificates; Class A-1
Certificates are adjustable rate certificates and
Class A-2 Certificates are auction rate
certificates.
OTHER CERTIFICATES: In addition to the Class A Certificates, the Class
R Certificates will be issued. The Class R
Certificates will be retained by an affiliate of
GreenPoint, and are fully subordinated to the Class
A Certificates.
COLLATERAL: The contract pool consists of adjustable-rate
manufactured housing installment loans, installment
loan agreements and certain other assets.
COLLATERAL CUT-OFF DATE: December 1, 2000
EXP. PRICING: Week of December 18, 2000
EXP. SETTLEMENT: December 21, 2000
CREDIT ENHANCEMENT: The credit enhancement is provided by
. a Certificate Guaranty Insurance Policy
by MBIA Insurance Corporation ("MBIA");
. a letter of credit to cover certain
losses provided by GreenPoint Bank, if
available;
. credit support from the Class R
Certificates (excess spread).
MBIA GUARANTY: MBIA guarantees the timely payment of interest and
the scheduled payment of principal to
certificateholders. MBIA's claims paying ability is
rated AAA and Aaa by Standard & Poor's and Moody's
Investors Service, respectively.
GREENPOINT BANK LETTER GreenPoint Bank will provide a letter of credit to
OF CREDIT: protect investors against certain losses at the
request of MBIA. The letter of credit will be
issued in an amount as determined by MBIA. The
letter of credit may be terminated, amended, or
replaced at any time. If funds in the payment
account are insufficient to distribute interest or
scheduled principal payment to certificateholders
on any distribution date, GreenPoint Bank may be
required to make a payment into the distribution
account to cover the shortfall. GreenPoint Bank is
rated BBB and Baa2 by Standard & Poor's and Moody's
Investors Service, respectively.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
3
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
PRIORITY OF DISTRIBUTIONS: On each Distribution Date, the Available
Distribution Amount, if any, and any Credit
Enhancement Payment Amount will be distributed in
the following amounts and in the following order of
priority:
(1) first, to each class of the Class A
Certificates, the related Interest
Distribution Amount pro rata among the
Class A Certificates for such
Distribution Date;
(2) second, the Formula Principal
Distribution Amount to the Class A
Certificates, in the following priority:
(a) to the Class A-1 Certificates until
the Class A-1 Certificate Balance is
reduced to zero;
(b) to the Class A-2 Certificates until
the Class A-2 Certificate Balance is
reduced to zero;
(3) to the insurer, the insurer fee for that
Distribution Date and any insurer fees
accrued but unpaid from prior
Distribution Dates;
(4) amounts, if any, required to be deposited
in the Special Account as established
under and required by the Insurance
Agreement;
(5) to GreenPoint Bank, an amount equal to
any unreimbursed Letter of Credit Draw
Amount;
(6) to the Broker-Dealer, the Broker-Dealer
Fee for that Distribution Date;
(7) any remaining available funds up to the
applicable Net Funds Cap Carryover
Amounts to each class of
certificateholders, pro rata on the basis
of their respective Net Funds Cap
Carryover Amount;
(8) any remainder as described in the Pooling
and Servicing Agreement.
PRINCIPAL: For Class A-1 Certificates, principal will be
distributed pro rata among such Class of
Certificates.
For Class A-2 Certificates, distributions of
principal will be made in round lots of $25,000 and
integral multiples thereof and will be allocated to
specific Class A-2 Certificates in accordance with
the established random lot procedures of DTC, which
may or may not be by random lot. On any
Distribution Date on which principal is to be
distributed to the Class A-2 Certificates, one or
more holders of the respective certificates may
receive no distributions of principal. In the event
the principal amount of each respective certificate
is less than $25,000 or the respective certificates
are not longer held in book-entry form, principal
will be distributed pro rata among the Class A-2
Certificateholders.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
4
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
NET FUNDS CAP CARROVER If on any Distribution Date the pass-through rate
AMOUNTS: for the Class A-1 Certificates or the Class A-2
Certificates is based on the Net Funds Cap, to the
extent funds are available from the Available
Distribution Amount, investors will receive the
amount of interest they would otherwise have
received if not for the cap, plus any accrued
interest thereon, subject to the weighted average
maximum cap on the contracts. The Certificate
Insurance Policy does not cover any Net Funds Cap
Carryover Amounts.
DISTRIBUTION DATE: The 17th day of each month (or if such 17th day is
not a business day, the next succeeding business
day), commencing in January 2001.
RECORD DATE: For the first Distribution Date, the close of
business on the Closing Date and with respect to
subsequent Distribution Dates, the close of
business on the last business day preceding the
Distribution Date.
COLLECTION PERIOD: The calendar month immediately preceding the month
of the Distribution Date.
INTEREST PERIOD: With respect to any Distribution Date and the Class
A Certificates, the Interest Period shall be the
period from the preceding distribution date (or for
the first distribution date, the Closing Date)
through the day prior to the related distribution
date.
OPTIONAL TERMINATION: The Servicer or other party named in the pooling
and servicing agreement may exercise its right to
purchase all outstanding Contracts on or after the
date the aggregate principal balance of the
outstanding Contracts is less than 10% of the sum
of the original principal balance of the Contracts.
ERISA: The notes are eligible for purchase by pension,
profit-sharing or other employee benefit plans as
well as individual retirement accounts and certain
types of Keogh Plans. However, any fiduciary or
other investor of assets of a plan that proposes to
acquire or hold the notes on behalf of or with
asset of any plan should consult with its counsel
with respect to the potential applicability of the
fiduciary responsibility provisions of ERISA and
the prohibited transaction provisions of ERISA and
section 4975 of the Internal Revenue Code of 1986,
as amended, to the proposed investment.
SMMEA: The Class A-1 and Class A-2 Certificates are
expected to constitute "mortgage related
securities" for purposes of the Secondary Mortgage
Market Enhancement Act of 1984 ("SMMEA").
TAX STATUS: REMIC.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
5
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
AUCTION RATE PROCEDURES: Auction Dates will take place on the business day
immediately preceding the first day of each Auction
Period. The initial pass-through rate for the Class
A-2 Certificates will be set no later than December
20, 2000. The first Auction Date thereafter will be
January 16, 2001. Subsequent Auction Periods will
coincide with the Interest Periods for the Class A-
2 Certificates, which begin on the 17th of each
month (or if such 17th day is not a business day,
the next succeeding business day), commencing in
January 2001.
Bids are accepted on the prior date for each of the
Class A-2 Certificates. Bid amounts and rates are
collected by the Broker-Dealer. There are three
types of Orders:
. Hold Order--Submitted by an Existing
Certificateholder, this order indicates
the holder would like to continue as the
current bondholder at the current
principal amount, without regard to the
rate charged. If an Existing
Certificateholder does not notify the
Broker-Dealer of a Bid or Sell Order, a
Hold Order is assumed.
. Bids--Submitted by either an Existing
Certificateholder who is revising their
bid from a prior auction, or a Potential
Certificateholder entering the market.
. Sell Order--Submitted by Existing
Certificateholders who would like to exit
the market.
A Dutch Auction methodology is used for determining
the final pricing and allocation of the Auction
Rate Certificates.
MAXIMUM AUCTION RATE: The Maximum Auction Rate is the rate assigned to
the auction rate certificates if there is a failed
auction (insufficient bids). In the case of
Certificates that are "AAA" and "Aaa" rated, the
Maximum Auction Rate is LIBOR plus 1.00%.
ALL HOLD RATE: If in an auction, 100% of the Existing
Certificateholders submit Hold Orders, the Rate for
that period will equal 90% of LIBOR for that
period.
SOLE BROKER-DEALER: Credit Suisse First Boston.
AUCTION AGENT: Bankers Trust Company.
AUCTION RATE DESK CONTACTS: Call Lincoln Watkins or Tony Russo on the auction
rate trading desk at (212) 325-3289.
FURTHER INFORMATION: Call the ABS trading desk at (212) 325-2747,
Fiachra O'Driscoll at (212) 325-4940, John Herbert
at (212) 325-2412, Susan Menkhaus at (212) 325-
3475, or Phil Li at (212) 325-5945.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
6
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
<TABLE>
<CAPTION>
NET FUNDS CAP Net Funds Net Funds
SCHEDULE: Period Cap Period Cap
------ --------- ------- ---------
<S> <C> <C> <C> <C>
1 8.68% 51 13.18%
2 8.69% 52 13.18%
3 8.69% 53 13.18%
4 8.75% 54 13.18%
5 8.83% 55 13.18%
6 9.00% 56 13.18%
7 9.31% 57 13.18%
8 9.68% 58 13.18%
9 10.47% 59 13.18%
10 11.88% 60 13.18%
11 13.09% 61 13.18%
12 13.67% 62 13.18%
13 13.17% 63 13.18%
14 13.17% 64 13.18%
15 13.17% 65 13.18%
16 13.17% 66 13.18%
17 13.17% 67 13.18%
18 13.17% 68 13.18%
19 13.17% 69 13.18%
20 13.17% 70 13.18%
21 13.17% 71 13.18%
22 13.17% 72 13.18%
23 13.18% 73 13.18%
24 13.18% 74 13.18%
25 13.18% 75 13.18%
26 13.18% 76 13.18%
27 13.18% 77 13.18%
28 13.18% 78 13.18%
29 13.18% 79 13.18%
30 13.18% 80 13.18%
31 13.18% 81 13.18%
32 13.18% 82 13.18%
33 13.18% 83 13.18%
34 13.18% 84 13.18%
35 13.18% 85 13.18%
36 13.18% 86 13.18%
37 13.18% 87 13.18%
38 13.18% 88 13.18%
39 13.18% 89 13.18%
40 13.18% 90 13.18%
41 13.18% 91 13.18%
42 13.18% 92 13.18%
43 13.18% 93 13.18%
44 13.18% 94 13.18%
45 13.18% 95 13.18%
46 13.18% 96 13.18%
47 13.18% 97 13.18%
48 13.18% 98 13.18%
49 13.18% 99 13.18%
50 13.18% 100 13.18%
There can be no assurance that the prepayment
experience of the contracts and the level of the
index will be such that the actual Net Funds Cap
for the Certificates in any particular period
will equal the Net Funds Cap in the table above.
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston and shall be
superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
CONTRACT INFORMATION
THE CONTRACT POOL: On the Closing Date, the Issuer will pledge a pool of
adjustable rate manufactured housing contracts (the
"Contracts") having an aggregate principal balance of
approximately $260,000,000 to secure the Notes. The
5,226 contracts listed here have an aggregate scheduled
principal balance as of November 30, 2000 of
$259,999.597.68.
-----------------------------------------------------------
Number of Loans in Pool: 5,226
Total Pool Balance: $259,999,597.68
Average Outstanding Balance $ 49,751.17
-----------------------------------------------------------
================================================================================
DOLLAR AMOUNT OF POOL % OF TOTAL POOL BY DOLLAR
--------------------------------------------------------------------------------
New: $232,928,867.50 89.59%
Used: $ 27,070,730.18 10.41%
Land Home: $ 93,719,589.67 36.05%
Maximum Scheduled Balance: $ 259,662.01
--------------------------------------------------------------------------------
================================================================================
Average Minimum Maximum
--------------------------------------------------------------------------------
Weighted Average Gross Rate: 9.68% 5.50% 18.00%
Weighted Average Original Term (months): 310.93 36.00 360.00
Weighted Average Remaining Term (months): 307.83 26.90 360.00
Weighted Average Original LTV: 88.17 16.43 99.32
--------------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
8
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
GEOGRAPHIC DISTRIBUTION OF PROPERTY LOCATION OF CONTRACTS
===========================================================
STATE COUNT SCHEDULED BALANCE % OF TOTAL
-----------------------------------------------------------
Alabama 297 12,643,526.68 4.86
Arizona 61 3,495,565.93 1.34
Arkansas 124 5,235,406.93 2.01
California 20 1,168,079.02 0.45
Colorado 19 1,095,947.10 0.42
Delaware 2 161,302.13 0.06
Florida 384 21,908,261.43 8.43
Georgia 270 13,661,525.20 5.25
Idaho 43 2,521,108.07 0.97
Illinois 94 4,410,519.86 1.70
Indiana 94 5,220,355.24 2.01
Iowa 119 4,803,409.18 1.85
Kansas 63 2,821,076.79 1.09
Kentucky 260 12,747,127.16 4.90
Louisiana 115 4,528,894.94 1.74
Maine 7 537,572.05 0.21
Maryland 23 1,053,531.86 0.41
Massachusetts 1 33,121.52 0.01
Michigan 133 6,393,325.07 2.46
Minnesota 126 5,066,463.02 1.95
Mississippi 336 14,758,342.63 5.68
Missouri 324 14,201,064.71 5.46
Montana 28 1,545,009.62 0.59
Nebraska 25 1,200,646.89 0.46
Nevada 44 2,833,577.44 1.09
New Hampshire 8 603,719.88 0.23
New Mexico 54 2,573,561.00 0.99
New York 16 1,054,903.95 0.41
North Carolina 414 22,895,364.45 8.81
North Dakota 25 1,137,855.78 0.44
Ohio 105 5,469,278.33 2.10
Oklahoma 111 4,766,211.59 1.83
Oregon 119 8,207,647.03 3.16
Pennsylvania 9 705,374.66 0.27
South Carolina 59 2,473,780.43 0.95
South Dakota 105 5,091,598.91 1.96
Tennessee 201 10,411,564.88 4.00
Texas 524 23,874,769.79 9.18
Utah 31 1,932,321.33 0.74
Vermont 12 1,039,300.33 0.40
Virginia 102 5,834,906.70 2.24
Washington 93 6,898,464.33 2.65
West Virginia 149 6,507,691.85 2.50
Wisconsin 60 3,501,815.70 1.35
Wyoming 17 974,706.29 0.37
===========================================================
Total: 5,226 $259,999,597.68 100.00%
-----------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston and shall be
superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
9
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
DISTRIBUTION OF ORIGINAL AMOUNTS OF CONTRACTS
=====================================================================
ORIGINAL BALANCE COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------------------
$ 0.01 - $ 5,000.00 1 $ 4,449.19 0.00%
$ 5,000.01 - $ 7,500.00 5 31,249.39 0.01
$ 7,500.01 - $ 10,000.00 29 255,927.78 0.10
$ 10,000.01 - $ 12,500.00 47 539,647.06 0.21
$ 12,500.01 - $ 15,000.00 63 871,434.60 0.34
$ 15,000.01 - $ 17,500.00 67 1,073,081.20 0.41
$ 17,500.01 - $ 20,000.00 102 1,892,405.26 0.73
$ 20,000.01 - $ 22,500.00 129 2,732,601.44 1.05
$ 22,500.01 - $ 25,000.00 161 3,820,014.32 1.47
$ 25,000.01 - $ 27,500.00 212 5,542,940.86 2.13
$ 27,500.01 - $ 30,000.00 221 6,312,502.12 2.43
$ 30,000.01 - $ 32,500.00 247 7,705,574.16 2.96
$ 32,500.01 - $ 35,000.00 245 8,256,994.33 3.18
$ 35,000.01 - $ 40,000.00 504 18,796,891.30 7.23
$ 40,000.01 - $ 45,000.00 497 21,093,979.28 8.11
$ 45,000.01 - $ 50,000.00 454 21,473,659.30 8.26
$ 50,000.01 - $ 55,000.00 422 22,137,604.36 8.51
$ 55,000.01 - $ 60,000.00 385 22,039,016.91 8.48
$ 60,000.01 - $ 65,000.00 321 19,999,859.23 7.69
$ 65,000.01 - $ 70,000.00 220 14,800,143.65 5.69
$ 70,000.01 - $ 75,000.00 181 13,126,783.12 5.05
$ 75,000.01 - $ 80,000.00 132 10,211,785.73 3.93
$ 80,000.01 - $ 85,000.00 132 10,855,756.58 4.18
$ 85 000.01+ 449 46,425,296.51 17.86
---------------------------------------------------------------------
---------------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
---------------------------------------------------------------------
(1) The largest original Contract amount is $259,877.06. The Scheduled Balance
of this Contract represents 0.10% of the Pool Scheduled Principal Balance.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
10
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
DISTRIBUTION OF CONTRACT RATES AS OF CUT-OFF DATE
=====================================================================
CONTRACT RATE COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------------------
Less than 6.750% 99 8,153,726.39 3.14
6.750% to 6.999% 82 6,230,542.47 2.40
7.000% to 7.249% 81 6,953,826.16 2.67
7.250% to 7.499% 168 11,623,422.17 4.47
7.500% to 7.749% 113 8,715,110.84 3.35
7.750% to 7.999% 231 15,118,956.47 5.81
8.000% to 8.249% 143 10,316,221.74 3.97
8.250% to 8.499% 260 14,847,818.62 5.71
8.500% to 8.749% 150 9,686,227.57 3.73
8.750% to 8.999% 228 13,898,787.30 5.35
9.000% to 9.249% 231 13,960,730.37 5.37
9.250% to 9.499% 195 10,670,137.61 4.10
9.500% to 9.749% 271 14,591,127.13 5.61
9.750% to 9.999% 168 8,684,293.69 3.34
10.000% to 10.249% 272 14,073,865.73 5.41
10.250% to 10.499% 142 6,551,899.87 2.52
10.500% to 10.749% 182 8,424,351.40 3.24
10.750% to 10.999% 160 7,294,083.06 2.81
11.000% to 11.249% 247 10,780,796.11 4.15
11.250% to 11.499% 138 5,469,348.03 2.10
11.500% to 11.749% 232 10,140,355.90 3.90
11.750% to 11.999% 103 3,721,612.13 1.43
12.000% to 12.249% 135 5,233,680.78 2.01
12.250% to 12.499% 121 4,549,623.80 1.75
12.500% to 12.749% 81 2,779,041.83 1.07
12.750% to 12.999% 129 4,507,679.11 1.73
13.000% to 13.249% 90 2,744,795.28 1.06
13.250% to 13.499% 123 3,543,408.43 1.36
13.500% to 13.749% 77 2,362,088.63 0.91
13.750% to 13.999% 98 2,878,742.07 1.11
14.000% to 14.249% 83 1,992,974.45 0.77
14.250% to 14.499% 69 2,024,154.46 0.78
14.500% to 14.749% 31 921,400.29 0.35
14.750% to 14.999% 57 1,436,621.41 0.55
15.000% to 15.249% 41 1,011,822.70 0.39
15.250% to 15.499% 38 822,296.97 0.32
15.500% to 15.749% 43 1,118,204.97 0.43
15.750% to 15.999% 10 234,836.51 0.09
16.000% to 16.249% 28 539,228.53 0.21
Greater than 16.249% 76 1,391,756.70 0.54
---------------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
---------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
11
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
MAXIMUM CONTRACT RATES
=====================================================================
MAXIMUM RATE COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------------------
10.01% to 10.50% 1 85,729.08 0.03
10.51% to 11.00% 13 1,230,926.40 0.47
11.01% to 11.50% 85 6,837,070.91 2.63
11.51% to 12.00% 163 13,184,368.63 5.07
12.01% to 12.50% 281 20,338,533.01 7.82
12.51% to 13.00% 374 25,435,178.21 9.78
13.01% to 13.50% 410 24,534,046.19 9.44
13.51% to 14.00% 459 27,859,517.67 10.72
14.01% to 14.50% 466 25,261,264.74 9.72
14.51% to 15.00% 440 22,758,159.42 8.75
15.01% to 15.50% 324 14,976,251.27 5.76
15.51% to 16.00% 407 18,074,879.17 6.95
16.01% to 16.50% 370 15,609,703.93 6.00
16.51% to 17.00% 238 8,955,292.91 3.44
17.01% to 17.50% 202 7,328,665.63 2.82
17.51% to 18.00% 219 7,252,474.39 2.79
18.01% to 18.50% 200 5,905,497.06 2.27
18.51% to 19.00% 181 4,871,716.52 1.87
19.01% to 19.50% 100 2,945,554.75 1.13
19.51% to 20.00% 98 2,448,444.11 0.94
20.01% to 20.50% 81 1,940,501.94 0.75
20.51% to 21.00% 38 774,065.04 0.30
21.01% to 21.50% 42 796,304.47 0.31
21.51% to 22.00% 15 275,165.27 0.11
22.01% to 22.50% 11 183,586.40 0.07
22.51% to 23.00% 8 136,700.56 0.05
---------------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
---------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no
circumstances shall the information presented constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
jurisdiction. The securities may not be sold nor may an offer to buy be accepted
prior to the delivery of a final prospectus relating to the securities. The
above preliminary description of the underlying assets has been provided by the
issuer and has not been independently verified by Credit Suisse First Boston and
shall be superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
12
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
DISTRIBUTION OF ORIGINAL LOAN-TO-VALUE RATIOS OF CONTRACTS
=====================================================================
ORIGINAL LTV COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------------------
01.000% to 50.499% 51 1,243,283.00 0.48
50.500% to 60.499% 62 2,368,767.07 0.91
60.500% to 70.499% 97 4,611,587.36 1.77
70.500% to 80.499% 623 29,365,266.10 11.29
80.500% to 85.499% 517 27,462,988.77 10.56
85.500% to 90.499% 2,299 114,978,778.39 44.22
90.500% to 95.499% 1,440 74,376,837.13 28.61
95.500% to 100.000% 137 5,592,089.86 2.15
=====================================================================
Total: 5,226 $259,999,597.68 100.00%
---------------------------------------------------------------------
REMAINING MONTHS TO MATURITY OF CONTRACTS
=====================================================================
REMAINING TERM RANGE COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------------------
1 to 30 1 8,733.92 0.00
31 to 60 18 218,813.22 0.08
61 to 90 27 477,883.77 0.18
91 to 120 129 2,391,741.10 0.92
121 to 150 40 899,550.49 0.35
151 to 180 583 16,883,385.84 6.49
181 to 210 3 89,980.40 0.03
211 to 240 1,784 70,598,226.54 27.15
241 to 270 2 75,866.07 0.03
271 to 300 94 5,173,919.99 1.99
301 to 360 2,545 163,181,496.34 62.76
---------------------------------------------------------------------
---------------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
---------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston and shall be
superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
13
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
MARGIN DISTRIBUTION OF CONTRACTS
================================================================
MARGIN COUNT SCHEDULED BALANCE % OF TOTAL
----------------------------------------------------------------
0.00% to 1.50% 83 7,041,551.31 2.71
1.51% to 2.00% 175 13,987,563.60 5.38
2.01% to 2.50% 225 16,179,891.12 6.22
2.51% to 3.00% 390 26,796,959.03 10.31
3.01% to 3.50% 417 25,618,531.03 9.85
3.51% to 4.00% 435 26,041,050.26 10.02
4.01% to 4.50% 477 26,158,595.11 10.06
4.51% to 5.00% 436 22,948,881.34 8.83
5.01% to 5.50% 356 16,776,552.07 6.45
5.51% to 6.00% 408 18,154,915.08 6.98
6.01% to 6.50% 366 15,367,890.17 5.91
6.51% to 7.00% 231 8,853,151.74 3.41
7.01% to 7.50% 213 7,804,808.45 3.00
7.51% to 8.00% 238 7,880,536.20 3.03
8.01%+ 776 20,388,721.17 7.84
----------------------------------------------------------------
----------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
----------------------------------------------------------------
DISTRIBUTION OF NEXT ADJUSTMENT DATE OF CONTRACTS AS OF CUT-OFF DATE
================================================================================
MONTH OF NEXT ADJUSTMENT DATE/1/ Count Scheduled Balance % of Total
--------------------------------------------------------------------------------
Dec-00 1 79,642.62 0.03
Jan-01 4 278,055.05 0.11
Feb-01 3 191,240.18 0.07
Mar-01 58 3,011,182.46 1.16
Apr-01 77 4,320,753.29 1.66
May-01 123 8,538,449.44 3.28
Jun-01 198 16,331,926.16 6.28
Jul-01 238 19,091,121.02 7.34
Aug-01 757 40,986,503.75 15.76
Sep-01 1,613 73,782,974.74 28.38
Oct-01 1,422 62,384,918.77 23.99
Nov-01 715 30,143,458.14 11.59
Aug-02 2 43,756.58 0.02
Sep-02 5 238,171.00 0.09
Oct-02 7 368,093.61 0.14
Nov-02 2 157,392.84 0.06
May-03 1 51,958.03 0.02
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total: 5,226 $259,999,597.68 100.00%
--------------------------------------------------------------------------------
(1) As of the Cut-off Date
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston and shall be
superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
14
<PAGE>
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-7
December 15, 2000
MHP PREPAYMENT SENSITIVITIES
===========================================================================
WAL MATURITY WAL MATURITY WAL MATURITY
---------------------------------------------------------------------------
0% MHP 125% MHP 175% MHP
------ -------- --------
To Call
Class A-1 14.61 6/22 4.81 8/11 3.63 1/09
Class A-2 23.58 9/25 16.32 3/21 13.24 2/18
To Maturity
Class A-1 14.61 6/22 4.81 8/11 3.63 1/09
Class A-2 23.93 5/30 17.01 5/30 14.18 5/30
225% MHP 275% MHP 325% MHP
-------- -------- --------
To Call
Class A-1 2.91 6/07 2.43 4/06 2.09 7/05
Class A-2 10.85 4/15 9.08 1/13 7.74 4/11
To Maturity
Class A-1 2.91 6/07 2.43 4/06 2.09 7/05
Class A-2 11.90 5/30 10.11 5/30 8.71 5/30
--------------------------------------------------------------------------
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston and shall be
superseded by the final prospectus. All information described above is
preliminary, limited in nature and subject to completion or amendment. Credit
Suisse First Boston makes no representations that the above referenced security
will actually perform as described in any scenario presented.
15
