<PAGE>
Exhibit 99.1
Subject To Revision
-------------------
REVISED SERIES TERM SHEET DATED SEPTEMBER 9, 2000
--------------------------------------------------
[LOGO OF GREENPOINT CREDIT]
$305,000,000 (approximate)
GreenPoint Credit, LLC
Seller and Servicer
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-4
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 2000-4. 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superseded by a prospectus supplement and by any other additional information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.
Neither Credit Suisse First Boston Corporation, First Union Securities, Inc.,
nor any of their respective 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 First Union Securities, Inc.
<PAGE>
[LOGO OF GREENPOINT CREDIT] CREDIT | FIRST
SUISSE | BOSTON
Manufactured Housing Contact Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
PRELIMINARY INFORMATION ONLY
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
CLASS A-1 CLASS A-2 CLASS A-3
---------------------------------------------------------------------------------------
<S> <C> <C> <C>
Amount /(1)/: $60,000,000 $145,000,000 $100,000,000
Type: Adjustable Adjustable Auction
Coupon [TBD]% [TBD]% [TBD]%
Approximate Price: [TBD]% [TBD]% [TBD]%
Yield (%): [TBD]% [TBD]% [TBD]%
Spread (bps) TBD TBD TBD/(2)/
Ave Life (To Call): 0.99 4.50 12.03
Ave Life (To Maturity): 0.99 4.50 13.32
1st Principal Payment (To Call): 10/00 8/02 8/08
Last Principal Payment (To Call): 8/02 8/08 7/15
Last Principal Payment (To Maturity): 8/02 8/08 5/30
Stated Maturity: 11/10 5/22 8/31 /(3)/
Expected Settlement: 9/28/00 9/28/00 9/28/00
Payment Delay: 0 days 0 days 0 days
Interest Payment Basis ACT/360 ACT/360 ACT/360
Dated Date: 9/28/00 9/28/00 9/28/00
1st Distribution Date: 10/23/00 10/23/00 10/23/00
Ratings (Moody's/S&P): Aaa/AAA Aaa/AAA Aaa/AAA
Pricing Date: TBD TBD TBD
Prepayment Speed: 200% MHP 200% MHP 200% MHP
---------------------------------------------------------------------------------------
</TABLE>
(1) The approximate certificate balance of the Class A Certificates may vary
by plus or minus 5%.
(2) The initial pass-through rate for the Auction Rate certificates will be
set not later than September 27, 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.
(3) Final stated maturity for Class A-3 is the twelfth month following the
date on which the Contract with the latest schedule 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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
2
<PAGE>
[LOGO OF GREENPOINT CREDIT] CREDIT | FIRST
SUISSE | BOSTON
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
TITLE OF SECURITIES: GreenPoint Credit Manufactured Housing Contract
Trust Pass-Through Certificates, Series 2000-4
SELLER/SERVICER: GreenPoint Credit, LLC ("GreenPoint")
TRUSTEE: Bank One, National Association
UNDERWRITERS: Credit Suisse First Boston Corporation (Lead),
First Union Securities, Inc. (Co-Manager on
Class A-1 and A-2 Certificates only)
CLASS A CERTIFICATES: Class A-1, A-2 and A-3 Certificates; Class A-1
and A-2 Certificates are adjustable rate
certificates and Class A-3 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 fixed-rate
manufactured housing installment loans,
installment loan agreements and certain other
assets.
COLLATERAL CUT-OFF DATE: August 31, 2000
EXP. PRICING: Week of September 18, 2000
EXP. SETTLEMENT: September 28, 2000
CREDIT ENHANCEMENT: The credit enhancement is provided by
. a Certificate Guaranty Insurance Policy by
Financial Security Assurance Inc. ("FSA");
. a swap to cover certain losses provided by
GreenPoint Bank, if available;
. credit support from the Class R
Certificates (excess spread).
FSA GUARANTY: FSA guarantees the timely payment of interest to
certificateholders and the scheduled payment of
principal. FSA's claims paying ability is rated
AAA and Aaa by Standard & Poor's and Moody's
Investor Service, respectively.
GREENPOINT BANK CREDIT SWAP: GreenPoint Bank will provide a swap to protect
investors against certain losses at the request
of FSA. The swap will be available to cover
losses up to a specified amount as determined by
FSA. GreenPoint Bank is rated BBB and Baa2 by
Standard & Poor's and Moody's Investor Service,
respectively. FSA can terminate the swap at any
time in its sole discretion.
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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
3
<PAGE>
[LOGO OF GREENPOINT CREDIT] CREDIT | FIRST
SUISSE | BOSTON
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
PRIORITY OF DISTRIBUTIONS: On each Distribution Date the Available
Distribution 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;
(c) to the Class A-3 Certificates until
the Class A-3 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 required to be deposited into
the Spread Account as required by the
Insurance Agreement;
(5) any fees owed to the Auction Agent;
(7) finally, any remainder to the Class R
Certificates.
PRINCIPAL: For Class A-1 Certificateholders, principal will
be distributed pro rata among such Class of
Certificates.
For Class A-2 Certificateholders, principal will
be distributed pro rata among such Class of
Certifcates.
For Class A-3 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-3 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-3
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-3 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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
4
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPONT CREDIT] SUISSE | BOSTON
Manufactured Housing Contract trust Pass-Through Certificates, Series 200-4
September 19, 2000
HEDGE AGREEMENT: FSA will require the Trust Fund to enter into a hedge
agreement with the hedge counterparty to provide FSA with
a method to ensure payment of interest accrual at pass-
through rates on the Class A Certificates, even if the
weighted average interest rate accruing on the contracts
(net of servicing fees) is lower than the pass-through
rates on the Class A Certificates. All payments to
Certificateholders are unconditionally and irrevocably
guaranteed by FSA. A default in the obligations of the
hedge counterparty will not relieve FSA of its
obligations to Certificateholders under the certificate
guaranty insurance policy.
HEDGE COUNTERPARTY: Credit Suisse First Boston International.
DISTRIBUTION DATE: The 21/st/ day of each month (or if such 21/st/ day is
not a business day, the next succeeding business day),
commencing on October 23, 2000.
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 may exercise its right to repurchase 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: Under current law, the purchase and holding of Class A-1,
Class A-2 or Class A-3 certificates by or on behalf of,
or with "plan assets" of, any employee benefit plan or
retirement arrangement that is subject to the Employee
Retirement Income Security Act of 1974, as amended,
and/or Section 4975 of the Internal Revenue Code could
result in non-exempt prohibited transactions under the
Employee Retirement Income Security Act of 1974, as
amended, and/or Section 4975 of the Internal Revenue
Code. Accordingly, the Class A-1, Class A-2, and Class A-
3 Certificates may not be acquired or held by or on
behalf of, or with "plan assets" of, any employee benefit
plan or retirement arrangement that is subject to ERISA
and/or Section 4975 of the Internal Revenue Code.
SMMEA: The Class A-1, Class A-2 and Class A-3 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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
5
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT] SUISSE | BOSTON
Manufactured Housing Contract trust Pass-Through Certificates, Series 200-4
September 19, 2000
AUCTION RATE PROCEDURES: Auction Dates will take place on the business day
immediately preceeding the first day of each Auction
Period. The initial pass-through rate for the Class
A-3 Certificates will be set no later than September
27, 2000. The first Auction Date thereafter will be
October 20, 2000. Subsequent Auction Periods will
coincide with the Interest Periods for the Class A-3
Certificates, which begin on the 21/st/ of each
month (or if such 21/st/ day is not a business day,
the next succeeding business day), commencing on
October 23, 2000.
Bids are accepted on the prior date for each of the
Class A-3 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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
6
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT] SUISSE | BOSTON
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
CONTRACT INFORMATION
THE CONTRACT POOL: On the Closing Date, the Trust will purchase a pool of
fixed rate manufactured housing contracts (the
"Contracts") having an aggregate principal balance of
approximately $305,000,000. The 7,416 contracts listed
here have an aggregate scheduled principal balance as
of August 31, 2000 of $304,995,294.38.
Number of Loans in Pool: 7,416
Total Pool Balance: $ 304,995,294.38
Average Outstanding Balance $ 41,126.66
<TABLE>
<CAPTION>
==========================================================================================================================
DOLLAR AMOUNT OF POOL % OF TOTAL POOL BY DOLLAR
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
New: $ 258,824,413.93 84.86%
Used: $ 46,170,880.45 15.14%
Land Home: $ 114,223,413.63 37.45%
Maximum Scheduled Balance: $ 178,956.05
--------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
==========================================================================================================================
Average MINIMUM MAXIMUM
--------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Weighted Average Gross Rate: 11.26% 6.75% 20.50%
Weighted Average Original Term (months): 296.93 12.00 362.00
Weighted Average Remaining Term (months): 293.18 9.00 360.00
Weighted Average Original LTV: 86.63 9.64 99.41
--------------------------------------------------------------------------------------------------------------------------
</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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
7
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT] SUISSE | BOSTON
Manufactured Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
GEOGRAPHIC DISTRIBUTION OF PROPERTY LOCATION OF CONTRACTS
=========================================================
STATE COUNT SCHEDULED BALANCE % OF TOTAL
---------------------------------------------------------
Alabama 308 $ 12,140,466.52 3.98%
Arizona 225 9,092,370.69 2.98%
Arkansas 181 6,759,877.24 2.22%
California 90 3,025,124.88 0.99%
Colorado 113 4,696,644.99 1.54%
Delaware 44 1,721,395.35 0.56%
Florida 352 16,755,062.73 5.49%
Georgia 469 21,440,118.99 7.03%
Idaho 39 1,749,679.06 0.57%
Illinois 169 6,788,806.20 2.23%
Indiana 216 8,210,973.74 2.69%
Iowa 56 1,753,929.32 0.58%
Kansas 68 2,176,338.10 0.71%
Kentucky 329 12,341,723.24 4.05%
Louisiana 222 9,110,793.12 2.99%
Maine 47 2,144,549.85 0.70%
Maryland 34 1,189,446.19 0.39%
Massachusetts 3 124,994.62 0.04%
Michigan 245 11,095,711.75 3.64%
Minnesota 80 2,811,870.60 0.92%
Mississippi 177 5,320,659.58 1.74%
Missouri 194 7,289,688.72 2.39%
Montana 50 1,953,013.48 0.64%
Nebraska 41 1,503,311.00 0.49%
Nevada 29 1,183,507.71 0.39%
New Hampshire 37 2,226,822.80 0.73%
New Jersey 2 160,105.86 0.05%
New Mexico 138 5,385,377.98 1.77%
New York 268 14,002,796.18 4.59%
North Carolina 611 25,781,350.96 8.45%
North Dakota 22 888,476.01 0.29%
Ohio 272 11,479,689.99 3.76%
Oklahoma 204 7,381,348.48 2.42%
Oregon 59 2,740,031.90 0.90%
Pennsylvania 227 7,881,756.00 2.58%
South Carolina 105 4,084,691.77 1.34%
South Dakota 23 1,170,636.40 0.38%
Tennessee 337 14,918,664.18 4.89%
Texas 724 28,813,941.78 9.45%
Utah 10 556,202.47 0.18%
Vermont 33 1,664,911.94 0.55%
Virginia 283 12,535,536.79 4.11%
Washington 55 3,041,222.32 1.00%
West Virginia 178 5,620,620.54 1.84%
Wisconsin 22 858,662.37 0.28%
Wyoming 25 1,422,389.99 0.47%
--------------------------------------------------------
Total: 7,416 $304,995,294.38 100.00%
--------------------------------------------------------
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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
8
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT]
Manufacturing Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
DISTRIBUTION OF ORIGINAL AMOUNTS OF CONTRACTS
====================================================================
ORIGINAL BALANCE COUNT SCHEDULED BALANCE % OF TOTAL
--------------------------------------------------------------------
$ 2,500.01 - 5,000.00 15 $ 64,033.04 0.02%
5,000.01 - 7,500.00 62 394,550.83 0.13%
7,500.01 - 10,000.00 148 1,296,678.26 0.43%
10,000.01 - 12,500.00 222 2,459,972.46 0.81%
12,500.01 - 15,000.00 254 3,467,171.98 1.14%
15,000.01 - 17,500.00 268 4,315,040.42 1.41%
17,500.01 - 20,000.00 273 5,086,060.17 1.67%
20,000.01 - 22,500.00 326 6,893,436.99 2.26%
22,500.01 - 25,000.00 387 9,195,188.02 3.01%
25,000.01 - 27,500.00 420 11,003,876.37 3.61%
27,500.01 - 30,000.00 438 12,546,464.21 4.11%
30,000.01 - 32,500.00 388 12,131,185.50 3.98%
32,500.01 - 35,000.00 349 11,751,305.09 3.85%
35,000.01 - 40,000.00 650 24,330,084.87 7.98%
40,000.01 - 45,000.00 543 22,967,072.30 7.53%
45,000.01 - 50,000.00 488 23,115,768.30 7.58%
50,000.01 - 55,000.00 420 22,018,632.28 7.22%
55,000.01 - 60,000.00 354 20,265,108.50 6.64%
60,000.01 - 65,000.00 287 17,926,419.61 5.88%
65,000.01 - 70,000.00 232 15,687,082.91 5.14%
70,000.01 - 75,000.00 182 13,183,782.20 4.32%
75,000.01 - 80,000.00 170 13,184,173.74 4.32%
80,000.01 - 85,000.00 129 10,590,089.94 3.47%
85,000.01 + 411 41,122,116.39 13.48%
--------------------------------------------------------------------
Total: 7,416 $304,995,294.38 100.00%
--------------------------------------------------------------------
(1) The largest original Contract amount is $179,333.05. The Scheduled Balance
of this Contract represents 0.06% 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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
9
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT]
Manufacturing Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
DISTRIBUTION OF CONTRACT RATES
=============================================================
CURRENT RATE COUNT SCHEDULED BALANCE % OF TOTAL
-------------------------------------------------------------
6.750 - 6.999 3 $ 282,993.83 0.09%
7.000 - 7.249 7 465,893.89 0.15%
7.250 - 7.499 4 292,385.08 0.10%
7.500 - 7.749 35 2,576,468.76 0.84%
7.750 - 7.999 60 4,218,393.68 1.38%
8.000 - 8.249 85 6,135,605.60 2.01%
8.250 - 8.499 190 14,611,035.82 4.79%
8.500 - 8.749 284 21,477,955.25 7.04%
8.750 - 8.999 342 25,300,171.71 8.30%
9.000 - 9.249 138 8,330,459.96 2.73%
9.250 - 9.499 141 8,045,922.65 2.64%
9.500 - 9.749 148 7,441,402.51 2.44%
9.750 - 9.999 187 10,209,844.28 3.35%
10.000 - 10.249 141 7,000,383.88 2.30%
10.250 - 10.499 188 9,109,121.61 2.99%
10.500 - 10.749 203 10,133,791.81 3.32%
10.750 - 10.999 235 11,899,285.04 3.90%
11.000 - 11.249 196 8,404,145.64 2.76%
11.250 - 11.499 203 8,658,487.45 2.84%
11.500 - 11.749 332 13,732,942.80 4.50%
11.750 - 11.999 216 9,424,136.50 3.09%
12.000 - 12.249 272 10,797,674.14 3.54%
12.250 - 12.499 263 9,425,087.42 3.09%
12.500 - 12.749 295 11,338,643.47 3.72%
12.750 - 12.999 218 7,301,254.08 2.39%
13.000 - 13.249 245 8,584,087.51 2.81%
13.250 - 13.499 293 9,342,032.21 3.06%
13.500 - 13.749 181 6,293,238.22 2.06%
13.750 - 13.999 193 5,823,951.07 1.91%
14.000 - 14.249 195 6,169,823.62 2.02%
14.250 - 14.499 252 6,136,391.58 2.01%
14.500 - 14.749 170 4,426,783.81 1.45%
14.750 - 14.999 140 3,495,836.48 1.15%
15.000 - 15.249 174 4,275,820.39 1.40%
15.250 - 15.499 176 4,173,121.40 1.37%
15.500 - 15.749 98 2,134,735.59 0.70%
15.750 - 15.999 97 2,225,406.29 0.73%
16.000 - 16.249 124 2,410,204.65 0.79%
16.250 + 692 12,890,374.70 4.23%
-----------------------------------------------------------------------
Total: 7,416 $304,995,294.38 100.00%
-----------------------------------------------------------------------
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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
10
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT]
Manufacturing Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
<TABLE>
<CAPTION>
DISTRIBUTION OF ORIGINAL LOAN-TO-VALUE RATIOS OF CONTRACT
========================================================================================
LTV RANGE COUNT SCHEDULED BALANCE % OF TOTAL
----------------------------------------------------------------------------------------
<S> <C> <C> <C>
01.000 - 50.4999 167 $ 2,832,193.41 0.93%
50.500 - 60.4999 128 3,836,128.04 1.26%
60.500 - 70.4999 214 7,310,371.46 2.40%
70.500 - 80.4999 1,144 45,068,816.39 14.78%
80.500 - 85.4999 836 38,201,913.94 12.53%
85.500 - 90.4999 3,008 123,637,760.13 40.54%
90.500 - 95.4999 1,768 78,737,366.49 25.82%
95.4999 + 151 5,370,744.52 1.76%
----------------------------------------------------------------------------------------
Total: 7,416 $304,995,294.38 100.00%
----------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
REMAINING MONTHS TO MATURITY OF CONTRACTS
=========================================================================================
REMAINING TERM RANGE COUNT SCHEDULED BALANCE % OF TOTAL
------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1 - 30 3 $ 14,894.99 0.00%
31 - 60 90 921,991.06 0.30%
61 - 90 128 1,900,636.44 0.62%
91 - 120 549 8,904,562.62 2.92%
121 - 150 145 2,759,127.47 0.90%
151 - 180 1,219 29,338,930.65 9.62%
181 - 210 18 503,899.74 0.17%
211 - 240 2,324 81,620,563.68 26.76%
241 - 270 12 556,183.34 0.18%
271 - 300 201 10,207,889.87 3.35%
301 - 360 2,727 168,266,614.52 55.17%
-----------------------------------------------------------------------------------------
Total: 7,416 $304,995,294.38 100%
-----------------------------------------------------------------------------------------
</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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
11
<PAGE>
CREDIT | FIRST
[LOGO OF GREENPOINT CREDIT]
Manufacturing Housing Contract Trust Pass-Through Certificates, Series 2000-4
September 19, 2000
MHP PREPAYMENT SENSITIVITIES
<TABLE>
<CAPTION>
============================================================================================================
WAL MATURITY WAL MATURITY WAL MATURITY
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
0% MHP 150% MHP 175% MHP
------ -------- --------
To Call
Class A-1 5.96 11/10 1.23 1/03 1.09 10/02
Class A-2 16.26 5/22 5.69 8/10 5.03 7/09
Class A-3 25.09 11/27 14.60 5/18 13.23 11/16
To Maturity
Class A-1 5.96 11/10 1.23 1/03 1.09 10/02
Class A-2 16.26 5/22 5.69 8/10 5.03 7/09
Class A-3 25.48 5/30 15.84 5/30 14.51 5/30
200% MHP 250% MHP 275% MHP
-------- -------- --------
To Call
Class A-1 0.99 8/02 0.82 4/02 0.76 3/02
Class A-2 4.50 8/08 3.71 4/07 3.41 9/06
Class A-3 12.03 7/15 10.09 4/13 9.28 4/12
To Maturity
Class A-1 0.99 8/02 0.82 4/02 0.76 3/02
Class A-2 4.50 8/08 3.71 4/07 3.41 9/06
Class A-3 13.32 5/30 11.32 5/30 10.49 5/30
------------------------------------------------------------------------------------------------------------
</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 or First Union
Securities. All information described above is preliminary, limited in nature
and subject to completion or amendment. Credit Suisse First Boston and First
Union Securities make no representations that the above referenced security will
actually perform as described in any scenario presented.
12
