-6-
EXHIBIT I
[OBJECT OMITTED]
This information should be considered only after reading Bear Stearns' Statement
Regarding Assumptions as to Securities, Pricing Estimates and Other Information
(the "Statement"), which should be attached. Do not use or rely on this
information if you have not received and reviewed this Statement. You may obtain
a copy of the Statement from your sales representative.
[GRAPHIC OMITTED] BEAR, STEARNS & CO. INC.
ATLANTA o BOSTON o CHICAGO ASSET-BACKED SECURITIES GROUP
DALLAS o LOS ANGELES o NEW YORK o SAN FRANCISCO 245 Park Avenue
FRANKFORT o GENEVA o HONG KONG New York, N.Y. 10167
LONDON o PARIS o TOKYO (212) 272-2000; (212) 272-7294 fax
--------------------------------------------------------------------------------
** As Revised **
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials (As of Monday, August 7, 2000)
---------------- -------------------------------------------- ------------------
Fax to: Date: 8/7/00
Company: # Pages (incl. 24
cover):
Fax No: Phone No:
---------------- -------------------------------------------- ------------------
From: Phone No:
---------------- -------------------------------------------- ------------------
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING
ESTIMATES, AND OTHER INFORMATION The information contained in the attached
materials (the "Information") may include various forms of performance analysis,
security characteristics and securities pricing estimates for the securities
addressed. Please read and understand this entire statement before utilizing the
Information. The Information is provided solely by Bear Stearns, not as agent
for any issuer, and although it may be based on data supplied to it by an
issuer, the issuer has not participated in its preparation and makes no
representations regarding its accuracy or completeness. Should you receive
Information that refers to the "Statement Regarding Assumptions and Other
Information," please refer to this statement instead.
The Information is illustrative and is not intended to predict actual results
which may differ substantially from those reflected in the Information.
Performance analysis is based on certain assumptions with respect to significant
factors that may prove not to be as assumed. You should understand the
assumptions and evaluate whether they are appropriate for your purposes.
Performance results are based on mathematical models that use inputs to
calculate results. As with all models, results may vary significantly depending
upon the value of the inputs given. Inputs to these models include but are not
limited to: prepayment expectations (economic prepayment models, single expected
lifetime prepayments or a vector of periodic prepayments), interest rate
assumptions (parallel and nonparallel changes for different maturity
instruments), collateral assumptions (actual pool level data, aggregated pool
level data, reported factors or imputed factors), volatility assumptions
(historically observed or implied current) and reported information (paydown
factors, rate resets, and trustee statements). Models used in any analysis may
be proprietary making the results difficult for any third party to reproduce.
Contact your registered representative for detailed explanations of any modeling
techniques employed in the Information.
The Information addresses only certain aspects of the applicable security's
characteristics and thus does not provide a complete assessment. As such, the
Information may not reflect the impact of all structural characteristics of the
security, including call events and cash flow priorities at all prepayment
speeds and/or interest rates. You should consider whether the behavior of these
securities should be tested as assumptions different from those included in the
Information. The assumptions underlying the Information, including structure and
collateral, may be modified from time to time to reflect changed circumstances.
Any investment decision should be based only on the data in the prospectus and
the prospectus supplement or private placement memorandum (Offering Documents)
and the then current version of the Information. Any information herein
regarding the collateral or the securities supersedes any prior information
regarding the collateral or the securities and will be superseded by information
regarding the collateral and/or the securities contained in the Offering
Documents and any subsequent information regarding the collateral or the
securities. Offering Documents contain data that is current as of their
publication dates and after publication may no longer be complete or current and
any subsequent information regarding the collateral or the securities. Contact
your registered representative for Offering Documents, current Information or
additional materials, including other models for performance analysis, which are
likely to produce different results, and any further explanation regarding the
Information.
Any pricing estimates Bear Stearns has supplied at your request (a) represent
our view, at the time determined, of the investment value of the securities
between the estimated bid and offer levels, the spread between which may be
significant due to market volatility or illiquidity, (b) do not constitute a bid
by any person for any security, (c) may not constitute prices at which the
securities could have been purchased or sold in any market, (d) have not been
confirmed by actual trades, may vary from the value Bear Stearns assigns any
such security while in its inventory, and may not take into account the size of
a position you have in the security, and (e) may have been derived from matrix
pricing that uses data relating to other securities whose prices are more
readily ascertainable to produce a hypothetical price based on the estimated
yield spread relationship between the securities.
General Information: The data underlying the Information has been obtained from
sources that we believe are reliable, but we do not guarantee the accuracy of
the underlying data or computations based thereon. Bear Stearns and/or
individuals employed thereby may have positions in these securities while the
Information is circulating or during such period may engage in transactions with
the issuer or its affiliates. We act as principal in transactions with you, and
accordingly, you must determine the appropriateness for you of such transactions
and address any legal, tax, or accounting considerations applicable to you. Bear
Stearns shall not be a fiduciary or advisor unless we have agreed in writing to
receive compensation specifically to act in such capacities. If you are subject
to ERISA, the Information is being furnished on the condition that it will not
form a primary basis for any investment decision. The Information is not a
solicitation of any transaction in securities which may be made only by
prospectus when required by law, in which event you may obtain such prospectus
from Bear Stearns.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Preliminary Term Sheet (Page 1 of 5)
--------------------------------------------------------------------------------
$133,861,000
Issuer: Home Loan Trust 2000-HL1
Depositor: Residential Asset Mortgage Products, Inc.
Seller: Residential Funding Corporation
Credit Enhancer: Ambac Assurance Corporation ("Ambac")
Underwriter: Bear, Stearns & Co. Inc.
Master Servicer: Residential Funding Corporation (the
"Master Servicer" or "RFC").
Initial Subservicer: GMAC Mortgage Corporation ("GMACMC"),
an affiliate of the Depositor and
the Master Servicer.
Indenture Trustee: The Chase Manhattan Bank
Owner Trustee: Wilmington Trust Company
Characteristics of the Notes: (a), (b), (c)
<TABLE>
<CAPTION>
------------ ------- ------------ ----------- -------- --------- -------- ---------- --------------
Home Original Avg Principal PrincipalFinal
Offered Loan Principal Life Lockout Window Sch. Ratings
Notes Group Balance Coupon To Call (months) (months) Maturity (Moody's/S&P)
(years) Date
------------ ------- ------------ ----------- -------- --------- -------- ---------- --------------
<S> <C> <C> <C> <C> <C>
Class I $40,273,000 (d) 1.00 None 26 3/25/11 Aaa / AAA
A-I-1
Class I 78,353,000 8.05% (e) 6.37 25 111 8/25/25 Aaa / AAA
A-I-2
Class A-II II 15,235,000 8.05% (e) 4.66 None 136 8/25/25 Aaa / AAA
------------ ------- ------------ ----------- -------- --------- -------- ---------- --------------
Notes:
(a) Pricing Speed: 15% CPR.
(b) Transaction priced to 10% clean-up call.
(c) 100% P&I guaranty by Ambac (See section entitled "Credit Enhancement" herein.)
(d) The lesser of (i) One-Month LIBOR plus 0.14% per annum and (ii) 10% per annum.
(e) The Note Rate will increase by 0.50% if the 10% clean-up call is not exercised.
</TABLE>
The Notes: Home Loan Trust 2000-HL1 will issue
three classes of Home Loan Backed Notes (the
Class A-I-1, the Class A-I-2 and the Class
A-II Notes) (the "Notes").
Offering: The Notes will be issued publicly from a
shelf registration.
The Assets of the Trust:
The assets of the Trust will include two groups of
conventional, closed-end, fixed-rate home loans (the "Home
Loans"), the proceeds of which were used primarily for debt
consolidation and/or home improvements. The Home Loans will
be secured by mortgages, deeds of trust or other similar
security instruments. Substantially all of the Home Loans
will have a combined loan-to-value ratio in excess of 100%.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Preliminary Term Sheet (Page 2 of 5)
--------------------------------------------------------------------------------
Cut-off Date: As of August 1, 2000.
Settlement Date: On or about August 25, 2000.
Payment Delay:
With the exception of the Class A-I-1 Notes, the Notes will
have a payment delay of 24 days. With respect to the Class
A-I-1 Notes, 0 days.
Note Rate:
Interest will accrue on all of the Notes other than the
Class A-I-1 Notes (the "Fixed Rate Notes") at a fixed rate
during the month prior to the month of the related Payment
Date on a 30/360-day basis. The coupon paid on certain of
the Fixed Rate Notes may be subject to a net WAC cap.
With respect to any Payment Date, the Class A-I-1 Notes will
be entitled to interest accrued from and including the
preceding Payment Date (or from and including the Closing
Date in the case of the first Payment Date) to and including
the day prior to the then current Payment Date (the "Class
A-I-1 Accrual Period") at the Class A-I-1 Note Rate on the
aggregate principal balance of the Class A-I-1 Notes on an
actual/360-day basis.
The coupon on the Class A-I-1 Notes will be equal to the
lesser of (a) 1-month LIBOR + 0.14% per annum and (b) 10.00%
per annum, payable monthly.
The Note Rate applicable to the Class A-I-2 Notes and Class
A-II Notes will increase by 0.50% after the Step-Up Date.
The "Step-Up Date" is the first Payment Date after which the
current Pool Principal Balance declines to 10% or less of
the original Pool Principal Balance of the Home Loans.
Principal:
Payments of principal will be distributed concurrently to
(a) the Class A-I Notes in the aggregate and (b) the Class
A-II Notes, in each case allocated in proportion to the
percentage of the principal collections derived from the
related loan group for such payment date, until the note
balances of the Class A-I Notes in the aggregate or the
Class A-II Notes have been reduced to zero. From then on,
these amounts will be distributed to the remaining class or
classes of Class A Notes until their note balances have been
reduced to zero.
Any payments of principal allocable to the Class A-I Notes
shall be paid to the Class A-I-1 Notes, then to the Class
A-I-2 Notes, in that order, in each case until the
outstanding note balance of each of these notes has been
reduced to zero.
Any payments of principal allocable to the Class A-II Notes
shall be paid to the Class A-II Notes until the outstanding
note balance has been reduced to zero.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Preliminary Term Sheet (Page 3 of 5)
--------------------------------------------------------------------------------
Priority of Payments:
On each Payment Date, principal and interest collections
will be allocated from the payment account in the following
order of priority:
(1) To pay accrued interest due on the Notes;
(2) To pay as principal on the Notes, an amount equal to the principal
collection distribution amount for such Payment Date;
(3) To pay as principal on the Notes, an amount equal to the liquidation loss
distribution amount for such Payment Date;
(4) To pay the Credit Enhancer the premium for the Policy and any payments in
connection with the limited reimbursement agreement, and any previously
unpaid premiums or payments with interest;
(5) To reimburse the Credit Enhancer for certain prior draws made on the
Policy, with interest; (6) To pay as additional principal on the Notes, an
amount (if any) necessary to bring the amount of overcollateralization up
to the required overcollateralization amount for such Payment Date;
(7) To pay the Credit Enhancer any other amounts owed under the insurance
agreement; and (8) Any remaining amounts to the holders of the
Certificates.
Credit Enhancement:
Credit enhancement with respect to the Notes will be
provided by (1) excess spread, (2) overcollateralization,
and (3) the Ambac Insurance Policy.
Excess Spread: The interest due on the Home Loans is
generally expected to be higher than the interest due on the
Notes and other fees and expenses of the Trust, resulting in
excess interest collections ("Excess Spread"), which will be
available to fund distributions on the Notes, commencing
with the Distribution Date in October 2000. Such amount can
vary over time based on the prepayment and default
experience of the Home Loans. On each Payment Date, any
excess spread from the related collection period will be
available to cover losses and build overcollateralization on
such Payment Date.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Preliminary Term Sheet (Page 4 of 5)
--------------------------------------------------------------------------------
Overcollateralization: The initial
overcollateralization amount will be equal
to [0.00]% of the Original Pool Principal
Balance on the Closing Date. Thereafter,
excess spread will be applied, to the extent
available, to make accelerated payments of
principal to the securities then entitled to
receive payments of principal; such
application will cause the aggregate
principal balance of the Notes to amortize
more rapidly than the Home Loans, resulting
in a build up of overcollateralization.
Prior to the Stepdown Date, the "Required
Overcollateralization Amount" will be equal
to [2.00]% of the original Pool Principal
Balance. On or after the Stepdown Date, the
Required Overcollateralization Amount will
be permitted, subject to certain performance
triggers being satisfied, to decrease to
[4.00]% of current Pool Principal Balance of
the Home Loans, subject to a floor of 0.50%
of the original Pool Principal Balance.
Ambac Insurance Policy: Ambac Assurance
Corporation (the "Credit Enhancer") will
unconditionally and irrevocably guarantee:
(a) timely payment of interest, (b) the
amount of any losses not covered by excess
spread or overcollateralization, and (c) the
payment of principal on the Notes by no
later than their respective final scheduled
maturity date. The Insurance Policy is not
revocable for any reason.
Stepdown Date:
The Stepdown Date is the Payment Date occurring on the later
of:
(1) the Payment Date in September, 2003 (i.e., on the 37th
Payment Date); and
(2) the first Payment Date on which the current Pool
Principal Balance has been reduced to an amount equal
to 50% of the original Pool Principal Balance.
Master Servicing Fee:
With respect to each Home Loan Group, the primary
compensation to be paid to the Master Servicer in respect of
its master servicing activities will be [0.08]% per annum,
payable monthly. The fees of the Trustees will be paid from
the Master Servicing Fee.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Preliminary Term Sheet (Page 5 of 5)
--------------------------------------------------------------------------------
Subservicing Fee:
With respect to each Home Loan Group, the Trust is subject
to certain fees, including a weighted average Subservicing
Fee, as of the Cut-Off Date, of approximately [0.50]% per
annum, payable monthly.
Advancing:
There is no required advancing of delinquent principal or
interest by the Master Servicer, the Subservicer, the
Trustees, the Credit Enhancer or any other entity.
Optional Redemption:
The Master Servicer may, at its option, effect an early
redemption or termination of the Notes on the first Payment
Date after the Payment Date on which the current Pool
Principal Balance declines to less than 10% of the original
Pool Principal Balance of the Home Loans (the "Step-Up
Date").
Form of Registration: Book-Entry form, same day funds through DTC,
Euroclear.
Tax Status:
For federal income tax purposes, the Notes will be
characterized as indebtedness of the Issuer.
ERISA Eligibility:
The Notes may be eligible for purchase by employee benefit
plans that are subject to ERISA.
SMMEA Treatment:
The Notes will not constitute "mortgage related securities"
for purposes of SMMEA.
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 1 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Home Loan Group I (as of the Statistical Cut-off Date)
Total Number of Loans: 2,981
Initial Principal Balance: $120,257,111
Average Loan Balance: $40,341
WA Home Loan Rate: 13.554%
Range of Home Loan Rates: (10.000% -
17.540%)
WA Remaining Term (months): 227
Range of Remaining Terms: (34 - 293)
WA Original Term (months): 250
Range of Original Terms: (60 - 301)
Credit Score:
WA 682
< 640 2.68%
640 - 679 46.73%
680 - 719 40.55%
>= 720 10.04%
Debt-to-Income Ratio:
WA 39.45%
>45% 19.11%
Combined LTV:
WA 117.96%
> 100% 96.33%
Geographic Concentration: CA: 28.95%
(as a Percentage of Loan Type) MD: 6.45%
(States not listed account for NY: 5.16%
less than 5% of the aggregate
principal balance of the category)
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 2 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Home Loan Rates
Range of Number of Statistical Percentage of
Cut-off Date
Loan Rates (%) Home Loans Principal Balance Home Loan
Pool
---------------------------------------------------------------------
9.501 to 10.000 1 $31,498 0.03%
10.001 to 10.500 3 71,903 0.06%
10.501 to 11.000 8 297,602 0.25%
11.001 to 11.500 52 2,105,991 1.75%
11.501 to 12.000 294 12,422,821 10.33%
12.001 to 12.500 268 11,572,509 9.62%
12.501 to 13.000 585 25,529,342 21.23%
13.001 to 13.500 283 11,611,589 9.66%
13.501 to 14.000 609 24,200,526 20.12%
14.001 to 14.500 267 10,574,912 8.79%
14.501 to 15.000 276 10,657,917 8.86%
15.001 to 15.500 102 3,636,220 3.02%
15.501 to 16.000 171 5,656,278 4.70%
16.001 to 16.500 38 1,216,931 1.01%
16.501 to 17.000 20 554,354 0.46%
17.001 to 17.500 3 96,839 0.08%
17.501 to 18.000 1 19,877 0.02%
------------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 3 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Original Home Loan Principal Balances
Range of Original Number of Statistical Percentage
Cut-off Date of
Home Loan Amounts Home Loans Principal Home Loan
Balance Pool
-------------------- ---------------------------------------------
Up to 430 $8,477,509 7.05%
$25,000.00
$25,000.01 to 1,865 69,048,246 57.42%
$50,000.00
$50,000.01 to 617 36,894,569 30.68%
$75,000.00
$75,000.01 to 69 5,836,788 4.85%
$100,000.00
---------------------------------------------
Total 2,981 $120,257,111 100.00%
Current Home Loan Principal Balances
Range of Current Number of Statistical Percentage
Cut-off Date of
Home Loan Amounts Home Loans Principal Home Loan
Balance Pool
-------------------- ---------------------------------------------
Up to 489 $9,781,101 8.13%
$25,000.00
$25,000.01 to 1,856 70,072,233 58.27%
$50,000.00
$50,000.01 to 573 34,989,997 29.10%
$75,000.00
$75,000.01 to 63 5,413,779 4.50%
$100,000.00
---------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 4 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Combined Loan-to-Value Ratios
Range of Combined Number of Home Statistical Percentage of
Cut-off Date
Loan-to-Value Home Loans Principal Home Loan
Ratios (%) Balance Pool
-------------------- ----------------------------------------------
50.01 to 60.00 2 $45,354 0.04%
60.01 to 70.00 4 111,814 0.09%
75.01 to 80.00 11 341,913 0.28%
80.01 to 85.00 5 182,928 0.15%
85.01 to 90.00 24 785,170 0.65%
90.01 to 95.00 19 676,980 0.56%
95.01 to 100.00 70 2,274,812 1.89%
100.01 to 105.00 162 5,790,873 4.82%
105.01 to 110.00 299 10,297,410 8.56%
110.01 to 115.00 396 15,009,668 12.48%
115.01 to 120.00 589 23,603,576 19.63%
120.01 to 125.00 1,365 59,627,165 49.58%
125.00 to 130.00 35 1,509,447 1.26%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 5 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Months Remaining to Maturity
Months Remaining Number of Statistical Percentage of
Cut-off Date
to Maturity Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
0 to 96 91 $2,554,998 2.12%
97 to 108 97 2,821,455 2.35%
121 to 144 3 83,034 0.07%
145 to 156 380 13,741,211 11.43%
157 to 168 430 15,490,542 12.88%
169 to 180 19 626,401 0.52%
181 to 288 1,951 84,602,986 70.35%
289 to 300 10 336,483 0.28%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
Year of Origination
Number of Statistical Percentage of
Cut-off Date
Year of Origination Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
1996 2 $52,419 0.04%
1997 41 1,519,720 1.26%
1998 2,786 113,192,915 94.13%
1999 152 5,492,057 4.57%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 6 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Geographic Distribution of Mortgaged Properties
Number of Statistical Percentage
Cut-off Date of
State Home Loans Principal Home Loan
Balance Pool
-----------------------------------------------------------------
California 799 34,819,331 28.95%
Maryland 188 7,759,066 6.45%
New York 157 6,203,819 5.16%
Washington 116 5,350,367 4.45%
Pennsylvania 132 5,025,916 4.18%
Virginia 123 4,847,627 4.03%
Florida 115 4,221,363 3.51%
Nevada 99 4,155,764 3.46%
North Carolina 95 3,422,774 2.85%
Oregon 74 3,420,479 2.84%
Arizona 80 3,109,352 2.59%
Illinois 74 2,971,269 2.47%
Michigan 80 2,774,553 2.31%
Ohio 66 2,483,458 2.07%
Indiana 69 2,423,184 2.02%
Other (<2%) 714 27,268,788 22.68%
---------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 7 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Mortgaged Property Types
Number of Statistical Percentage of
Cut-off Date
Property Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
Single Family 2,883 $116,491,638 96.87%
Residence
Condominium 95 3,631,890 3.02%
Manufactured 2 77,061 0.06%
Housing
Townhouse 1 56,522 0.05%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
Loan Purpose
Number of Statistical Percentage of
Cut-off Date
Purpose Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
Debt Consolidation 2,896 $117,301,038 97.54%
Cash Out Refinance 44 1,264,584 1.05%
Rate/Term Refinance 26 1,130,448 0.94%
Home Improvement 12 433,926 0.36%
Education 1 32,707 0.03%
Other 2 94,406 0.08%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 8 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Lien Priority
Number of Statistical Percentage of
Cut-off Date
Lien Property Home Loans Principal Home Loan
Balance Pool
--------------------
First Lien 4 $216,784 0.18%
Second Lien 2,977 120,040,326 99.82%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
Debt-to-Income Ratio
Number of Statistical Percentage of
Cut-off Date
Debt-to-Income Ratio Home Loans Principal Home Loan
(%) Balance Pool
--------------------------------------------------------------------
10.01 to 15.00 2 $89,938 0.07%
15.01 to 20.00 16 538,044 0.45%
20.01 to 25.00 92 3,198,666 2.66%
25.01 to 30.00 280 10,741,590 8.93%
30.01 to 35.00 460 17,893,841 14.88%
35.01 to 40.00 746 28,809,622 23.96%
40.01 to 45.00 882 36,001,286 29.94%
45.01 to 50.00 499 22,753,018 18.92%
50.01 to 55.00 4 231,106 0.19%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 9 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group I
Credit Scores
Range of Number Statistical Percentage of
Cut-off Date
Credit Scores Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
620 to 639 108 $3,219,607 2.68%
640 to 659 639 22,803,358 18.96%
660 to 679 793 33,392,740 27.77%
680 to 699 780 33,470,241 27.83%
700 to 719 358 15,298,038 12.72%
720 to 739 187 7,519,590 6.25%
740 to 759 78 3,122,294 2.60%
760 to 779 33 1,160,000 0.96%
780 to 799 5 271,243 0.23%
----------------------------------------------
Total 2,981 $120,257,111 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 10 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II (as of the Statistical Cut-off Date)
Total Number of Loans: 220
Initial Principal Balance: $15,348,486
Average Loan Balance: $69,766
WA Home Loan Rate: 13.122%
Range of Home Loan Rates: (10.500% -
16.500%)
WA Remaining Term (months): 247
Range of Remaining Terms: (60-286)
WA Original Term (months): 270
Range of Original Terms: (84 - 300)
Credit Score:
WA 691
< 640 0.73%
640 - 679 28.09%
680 - 719 57.91%
>= 720 13.27%
Debt-to-Income Ratio:
WA 40.75%
>45% 23.47%
Combined LTV:
WA 116.13%
> 100% 95.51%
Geographic Concentration: CA: 62.40%
(as a Percentage of Loan Type) MD: 6.80%
(States not listed account for
less than 5% of the aggregate
principal balance of the category)
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 11 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Home Loan Rates
Range of Number of Statistical Percentage of
Cut-off Date
Loan Rates (%) Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
10.001 to 10.500 1 $78,826 0.51%
11.001 to 11.500 7 521,943 3.40%
11.501 to 12.000 32 2,136,950 13.92%
12.001 to 12.500 29 2,100,721 13.69%
12.501 to 13.000 55 4,156,196 27.08%
13.001 to 13.500 26 1,817,710 11.84%
13.501 to 14.000 36 2,312,857 15.07%
14.001 to 14.500 18 1,223,942 7.97%
14.501 to 15.000 8 525,317 3.42%
15.001 to 15.500 2 193,687 1.26%
15.501 to 16.000 5 235,851 1.54%
16.001 to 16.500 1 44,484 0.29%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 12 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Original Home Loan Principal Balances
Range of Original Number of Statistical Percentage
Cut-off Date of
Home Loan Amounts Home Loans Principal Home Loan
Balance Pool
-------------------- ---------------------------------------------
Up to 1 $18,441 0.12%
$25,000.00
$25,000.01 to 38 1,622,395 10.57%
$50,000.00
$50,000.01 to 111 7,357,962 47.94%
$75,000.00
$75,000.01 to 70 6,349,687 41.37%
$100,000.00
---------------------------------------------
Total 220 $15,348,486 100.00%
Current Home Loan Principal Balances
Range of Current Number of Statistical Percentage
Cut-off Date of
Home Loan Amounts Home Loans Principal Home Loan
Balance Pool
-------------------- ---------------------------------------------
Up to 1 $18,441 0.12%
$25,000.00
$25,000.01 to 41 1,766,595 11.51%
$50,000.00
$50,000.01 to 111 7,429,389 48.40%
$75,000.00
$75,000.01 to 67 6,134,061 39.97%
$100,000.00
---------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 13 of 18
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Combined Loan-to-Value Ratios
Range of Combined Number of Home Statistical Percentage
Cut-off Date of
Loan-to-Value Home Loans Principal Home Loan
Ratios (%) Balance Pool
-------------------- ----------------------------------------------
90.01 to 95.00 5 $259,702 1.69%
95.01 to 100.00 6 428,798 2.79%
100.01 to 105.00 16 911,361 5.94%
105.01 to 110.00 24 1,498,242 9.76%
110.01 to 115.00 51 3,506,794 22.85%
115.01 to 120.00 49 3,487,329 22.72%
120.01 to 125.00 68 5,187,244 33.80%
125.00 to 130.00 1 69,015 0.45%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 14 of 18
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Months Remaining to Maturity
Months Remaining Number of Statistical Percentage of
Cut-off Date
to Maturity Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
0 to 96 4 $257,716 1.68%
97 to 108 5 259,493 1.69%
145 to 156 12 747,235 4.87%
157 to 168 20 1,034,529 6.74%
181 to 288 179 13,049,512 85.02%
----------------------------------------------
Total 220 $15,348,486 100.00%
Year of Origination
Number of Statistical Percentage of
Cut-off Date
Year of Origination Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
1997 2 $117,029 0.76%
1998 211 14,856,778 96.80%
1999 7 374,679 2.44%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 15 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Geographic Distribution of Mortgaged Properties
Number of Statistical Percentage of
Cut-off Date
State Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
California 135 $9,576,921 62.40%
Maryland 16 1,043,285 6.80%
Virginia 9 662,184 4.31%
Washington 7 573,351 3.74%
Connecticut 6 421,119 2.74%
Arizona 6 397,010 2.59%
Florida 5 319,502 2.08%
Other (<2%) 36 2,355,114 15.34%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 16 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Mortgaged Property Types
Number of Statistical Percentage of
Cut-off Date
Property Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
Single Family 217 $15,122,265 98.53%
Residence
Condominium 2 149,159 0.97%
PUD 1 77,062 0.50%
----------------------------------------------
Total 220 $15,348,486 100.00%
Loan Purpose
Number of Statistical Percentage of
Cut-off Date
Purpose Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
Debt Consolidation 213 $14,800,842 96.43%
Home Improvement 3 236,593 1.54%
Rate/Term Refinance 2 162,632 1.06%
Purchase Money 2 148,419 0.97%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 17 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT.
Loan Group II
Lien Priority
Number of Statistical Percentage of
Cut-off Date
Lien Property Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
Second Lien 220 $15,348,486 100.00%
----------------------------------------------
Total 220 $15,348,486 100.00%
Debt-to-Income Ratio
Number of Statistical Percentage of
Cut-off Date
Debt-to-Income Ratio Home Loans Principal Home Loan
(%) Balance Pool
--------------------------------------------------------------------
15.01 to 20.00 1 $56,862 0.37%
20.01 to 25.00 4 291,716 1.90%
25.01 to 30.00 10 625,115 4.07%
30.01 to 35.00 36 2,257,709 14.71%
35.01 to 40.00 46 3,108,909 20.26%
40.01 to 45.00 75 5,406,760 35.23%
45.01 to 50.00 46 3,468,284 22.60%
50.01 to 55.00 2 133,128 0.87%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
Residential Asset Mortgage Products, Inc.
Home Loan Trust 2000-HL1
Computational Materials: Information Relating to the Collateral (Page 18 of 18)
THE INFORMATION CONTAINED HEREIN WILL BE
SUPERSEDED BY THE DESCRIPTION OF THE
COLLATERAL CONTAINED IN THE
PROSPECTUS SUPPLEMENT.
Loan Group II
Credit Scores
Range of Number Statistical Percentage of
Cut-off Date
Credit Scores Home Loans Principal Home Loan
Balance Pool
-------------------- ----------------------------------------------
620 to 639 2 $111,775 0.73%
640 to 659 16 798,462 5.20%
660 to 679 56 3,513,537 22.89%
680 to 699 85 6,500,749 42.35%
700 to 719 32 2,387,548 15.56%
720 to 739 22 1,609,913 10.49%
740 to 759 3 192,497 1.25%
760 to 779 3 153,644 1.00%
780 to 799 1 80,361 0.52%
----------------------------------------------
Total 220 $15,348,486 100.00%
<PAGE>
