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<PAGE>
Exhibit 99.1
-------------------------------------------------------------------------------
DERIVED INFORMATION
-------------------------------------------------------------------------------
[GRAPHIC OMITTED]
-------------------------------------------------------------------------------
$350,000,000 CERTIFICATES (APPROXIMATE)
CENTEX HOME EQUITY LOAN TRUST 2000-B
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
CENTEX HOME EQUITY CORPORATION (ORIGINATOR & SERVICER)
CHEC FUNDING, LLC (DEPOSITOR)
-------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
CENTEX HOME EQUITY LOAN TRUST 2000-B
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
TO MATURITY
Est.
Est. Prin. Expected Stated Expected
Approx. Tsy. WAL Window Final Final Ratings
Class Size Group Type BMark (yrs) (mos) Maturity Maturity (S&P/Moody's)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 76,000,000 I Fxd - Seq Curve 0.99 1 - 21 3/25/02 10/25/17 AAA/Aaa
A-2 14,000,000 I Fxd - Seq Curve 1.99 21 - 26 8/25/02 3/25/20 AAA/Aaa
A-3 48,000,000 I Fxd - Seq Curve 2.98 26 - 48 6/25/04 7/25/26 AAA/Aaa
A-4 27,000,000 I Fxd - Seq Curve 4.94 48 - 73 7/25/06 8/25/28 AAA/Aaa
A-5 27,600,000 I Fxd - Seq Curve 8.40 73 - 127 1/25/11 7/25/31 AAA/Aaa
A-6 21,400,000 I Fxd - NAS Curve 6.38 37 - 125 11/25/10 7/25/31 AAA/Aaa
A-7 136,000,000 II Flt - PT 1 m LI 2.64 1 - 115 1/25/10 6/25/31 AAA/Aaa
-------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------
TO 20% CALL
Est.
Est. Prin. Expected Stated Expected
Approx. Tsy. WAL Window Final Final Ratings
Class Size Group Type Bmark (yrs) (mos) Maturity Maturity (S&P/Moody's)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-4 27,000,000 I Fxd - Seq Curve 4.92 48 - 69 3/25/06 8/25/28 AAA/Aaa
A-5 27,600,000 I Fxd - Seq Curve 5.78 69 - 69 3/25/06 7/25/31 AAA/Aaa
A-6 21,400,000 I Fxd - NAS Curve 5.35 37 - 69 3/25/06 7/25/31 AAA/Aaa
A-7 136,000,000 II Flt - PT 1 m LI 2.43 1 - 69 3/25/06 6/25/31 AAA/Aaa
-------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
-------------------------------------------------------------------------------------------------------------
PRICING SPEED
<S> <C>
GROUP I 115% PPC
100% PPC assumes that prepayments start at 4% CPR in month one, increase by
approximately 1.455% each month to 20% CPR in month twelve, and remain at 20%
CPR thereafter.
GROUP II 28% CPR
-------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
--------------------------------------------------------------------------------
TERMS OF THE OFFERING
--------------------------------------------------------------------------------
<S> <C>
ISSUER: Centex Home Equity Loan Trust 2000-B
OFFERED CERTIFICATES: $214,000,000 Group I Certificates
$136,000,000 Group II Certificates
GROUP I CERTIFICATES: Class A-1 through A-6 certificates
GROUP II CERTIFICATES: Class A-7 certificates
DEPOSITOR: CHEC Funding LLC
ORIGINATOR AND SERVICER: Centex Home Equity Corporation
CERTIFICATE INSURER: Financial Security Assurance, Inc.
CERTIFICATE RATINGS: S&P and Moody's
EXPECTED SETTLEMENT DATE: June 15, 2000 through DTC, Euroclear and
Clearstream Banking
DISTRIBUTION DATE: 25th of each month, or the next
succeeding Business Day (First
Distribution Date: July 25, 2000)
STATISTICAL CALCULATION DATE May 15, 2000
CUT-OFF DATE: June 1, 2000
DELAY DAYS: 24 days on Class A-1 through Class A-6
certificates 0 days on Class A-7
certificates
DAY COUNT: 30/360 on Class A-1 through Class A-6
certificates Act/360 on Class A-7
certificates Accrues during the month
preceding a Distribution Date on Class
A-1
INTEREST ACCRUAL PERIOD: through Class A-6 certificates
Accrues from the last Distribution Date
(or the Closing Date in the case of the
first Distribution Date) through the day
preceding the current Distribution Date
on Class A-7 certificates
CLEAN-UP CALL; AUCTION The entire deal is eligible for call
TERMINATION; when the combined Principal Balance of
ADDITIONAL PRINCIPAL DISTRIBUTION the Group I and Group II Mortgage
Loans is less than 20% of the sum of the
aggregate Principal Balance of the
Mortgage Loans delivered on the Cut-Off
Date.
If the clean-up call is not exercised on
the first date it could have been
exercised, then on the next distribution
date the Trustee will begin an auction
process to sell the loan and other trust
assets. The Trustee must receive proceeds
in an amount equal to or greater than the
aggregate unpaid principal balance of the
Class A certificates and all accrued and
unpaid interest thereon and other amounts
as described in the prospectus
supplement, other than LIBOR carryover.
If the auction is not successful, the
Trustee will conduct another auction
every third month thereafter.
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
TERMS OF THE OFFERING
--------------------------------------------------------------------------------
CLEAN-UP CALL; AUCTION TERMINATION; If the clean-up call is not exercised,
ADDITIONAL PRINCIPAL DISTRIBUTION then starting on the third Distribution
(CONTINUED) Date following the Distribution Date
upon which the deal becomes eligible for
call, all excess interest will be paid
to the certificates of the related home
equity loan group as an additional
principal distribution amount until the
certificates are paid down.
SERVICING FEE: 0.50% of the aggregate Principal Balance
of the Mortgage Loans
DENOMINATION: $1,000 and multiples of $1 in excess
thereof
SMMEA ELIGIBILITY: The Class A-1 through Class A-6
certificates are NOT expected to be
SMMEA eligible; the Class A-7
certificates ARE expected to be SMMEA
eligible
ERISA ELIGIBILITY: The Certificates are expected to be
ERISA eligible
TAX STATUS: REMIC for federal income tax purposes
MORTGAGE LOAN POOL: - LOAN GROUP I: Consists of all Mortgage
Loans which accrue interest at a fixed
rate
- LOAN GROUP II: Consists of all
Mortgage Loans which accrue interest
at an adjustable rate, including
those loans which bear interest at a
fixed rate for two years before
beginning to adjust
CREDIT ENHANCEMENT: - FSA Insurance Policy
- Excess Interest
- Overcollateralization will be built
to certain target levels set by FSA;
The overcollateralization level may
step-down over time
- Cross-collateralization: Excess
interest from one loan group will be
available to fund interest
shortfalls, cover losses and build
overcollateralization in the other
loan group, according to the
priority described in the Pooling
and Servicing Agreement
--------------------------------------------------------------------------------
<PAGE>
----------------------------------------------------------------------------------------------
TERMS OF THE OFFERING
----------------------------------------------------------------------------------------------
CERTIFICATE PRINCIPAL: - Class A-1 through Class A-6
Certificates are paid down primarily
with principal collected on the
Group I Loans: first the Class A-6 is
paid its Class A-6 Principal
Distribution Amount, then the Class
A-1 through Class A-5 are paid down
sequentially
- Class A-7 Certificates are paid down
primarily with principal collected on
the Group II Loans
The CLASS A-6 PRINCIPAL DISTRIBUTION
AMOUNT is equal to the Class A-6
Lockout Percentage multiplied by its
pro-rata allocation of the Class A
Principal Distribution Amount for
the Group I Certificates.
The Class A-6 Lockout Percentage is equal
to the following:
Month Class A-6 Lockout Percentage
----- ----------------------------
July 2000 to June 2003 0%
July 2003 to June 2005 45%
July 2005 to June 2006 80%
July 2006 to June 2007 100%
July 2007 and thereafter 300%
CLASS A-1 THROUGH CLASS A-6 INTEREST - Interest accrues on each class at a
fixed pass-through rate.
- The Class A-5 and Class A-6
certificates will be subject to an
interest rate cap equal to the
Group I Available Funds Cap (Group I
weighted average loan rate less the
servicing fee, trustee fee, and
surety premium).
CLASS A-7 INTEREST - The CLASS A-7 PASS-THROUGH RATE
adjusts monthly and is equal to the
lesser of (a) 1 month LIBOR + the
applicable margin (the "Formula
Rate") and (b) the Class A-7
Available Funds Cap
- The CLASS A-7 AVAILABLE FUNDS CAP is
a rate with a numerator equal to the
product of the weighted average Loan
Rate of the Group II Mortgage Loans
less the Servicing Fee, Trustee Fee,
Surety Premium and 0.50% starting on
the thirteenth Distribution Date and
the aggregate loan balance of the
loans in Loan Group II, and a
denominator equal to the outstanding
balance of the Class A-7 Certificates
----------------------------------------------------------------------------------------------
<PAGE>
-----------------------------------------------------------------------------------
TERMS OF THE OFFERING
-----------------------------------------------------------------------------------
CLASS A-7 INTEREST (CONTINUED) - The margin on the Class A-7
Certificates will double if the Clean-up
Call is not exercised on the first
possible Distribution Date
- The LIBOR Carryover feature pays any
unpaid Class A-7 interest from prior
Distribution Dates, due to the
application of the Class A-7 Available
Funds Cap, on future Distribution
Dates (with accrued interest thereon)
to the extent of funds available; The
payment of any such amount is not
rated by S&P and Moody's or guaranteed
by FSA.
DELINQUENCY ADVANCES: The Servicer:
(1) Advances the unpaid interest to the
trust out of its own funds or out of
collections on the home equity loans
that are not required to be distributed
on the related distribution date
(2) Has rights to reimbursement from the
related home equity loan group, and
if the advance is a non recoverable
advance, from collections all the
home equity loans. Also entitled to
any amounts remaining from collections
on the home equity loans after making
distributions on the related
Distribution Date.
SERVICER ADVANCES: The Servicer:
(1) Pays all out-of-pocket expenses to
service these loans
(2) Has rights to reimbursement limited
to liquidation proceeds realized upon
the liquidation of the related home
equity loan and from any amounts
remaining from collections on the
related home equity loan group after
making distributions on the related
Distribution Date.
COMPENSATING INTEREST: The Servicer:
(1) Will be required to remit any
interest shortfalls due to the
receipt of less than 30 days of
accrued interest with a full
prepayment
(2) has rights to reimbursement from all
home equity loans of the related home
equity loan group to the extent funds
are available after making other
required distributions on the related
Distribution Date.
THIS LIABILITY IS CAPPED AT THE RELATED
PERIOD'S SERVICING FEE
-----------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------------------------------------------
AVAILABLE FUNDS CAP SCHEDULE
-------------------------------------------------------------------------------
Assuming 6-month LIBOR equals 7.063%
---------------------------------
Period Available Funds (%)
---------------------------------
1 10.766
2 10.766
3 10.766
4 10.797
5 10.860
6 10.894
7 10.894
8 10.894
9 10.894
10 10.926
11 10.988
12 11.023
13 10.523
14 10.523
15 10.523
16 10.547
17 10.592
18 10.612
19 10.612
20 10.612
21 10.612
22 10.980
23 11.683
24 12.208
25 12.208
26 12.208
27 12.208
28 12.208
29 12.208
30 12.208
31 12.208
32 12.208
33 12.208
34 12.208
35 12.208
36 12.208
37 12.208
38 12.208
39 12.208
40 12.208
41 12.208
42 12.208
43 12.208
44 12.208
45 12.208
46 12.208
47 12.208
48 12.208
49 12.208
50 12.208
51 12.208
52 12.208
53 12.208
54 12.208
55 12.208
56 12.208
57 12.208
58 12.209
59 12.209
60 12.209
-------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
SENSITIVITY ANALYSIS - TO MATURITY
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Group I % of PPC 50.0% 75.0% 100.0% 115.0% 150.0% 200.0% 250.0%
Group II CPR 11.0% 16.5% 22.0% 28.0% 33.0% 44.0% 55.0%
CLASS A-1
Avg. Life (yrs) 1.77 1.32 1.08 0.99 0.84 0.70 0.62
Mod. Dur. (yrs) 1.57 1.20 1.00 0.92 0.78 0.66 0.58
Window (mo) 1 - 44 1 - 31 1 - 24 1 - 21 1 - 17 1 - 14 1 - 12
Expected Final Mat. 2/25/04 1/25/03 6/25/02 3/25/02 11/25/01 8/25/01 6/25/01
Yield at 99.9925 7.73 7.63 7.54 7.49 7.39 7.27 7.17
CLASS A-2
Avg. Life (yrs) 4.13 2.88 2.25 1.99 1.59 1.27 1.07
Mod. Dur. (yrs) 3.40 2.48 1.99 1.78 1.44 1.17 1.00
Window (mo) 44 - 55 31 - 38 24 - 29 21 - 26 17 - 20 14 - 16 12 - 13
Expected Final Mat. 1/25/05 8/25/03 11/25/02 8/25/02 2/25/02 10/25/01 7/25/01
Yield at 99.9980 8.05 8.00 7.94 7.91 7.84 7.76 7.68
CLASS A-3
Avg. Life (yrs) 6.86 4.53 3.42 2.98 2.31 1.76 1.44
Mod. Dur. (yrs) 5.03 3.65 2.88 2.55 2.03 1.58 1.31
Window (mo) 55 - 121 38 - 75 29 - 55 26 - 48 20 - 36 16 - 26 13 - 21
Expected Final Mat. 7/25/10 9/25/06 1/25/05 6/25/04 6/25/03 8/25/02 3/25/02
Yield at 99.9979 8.15 8.11 8.07 8.05 7.99 7.92 7.85
CLASS A-4
Avg. Life (yrs) 12.47 8.35 5.81 4.94 3.66 2.61 2.03
Mod. Dur. (yrs) 7.47 5.78 4.43 3.90 3.04 2.27 1.80
Window (mo) 121 - 176 75 - 126 55 - 91 48 - 73 36 - 53 26 - 37 21 - 28
Expected Final Mat. 2/25/15 12/25/10 1/25/08 7/25/06 11/25/04 7/25/03 10/25/02
Yield at 99.9845 8.44 8.42 8.40 8.38 8.34 8.28 8.22
CLASS A-5
Avg. Life (yrs) 16.94 12.80 9.94 8.40 6.06 3.99 2.85
Mod. Dur. (yrs) 8.61 7.48 6.43 5.74 4.52 3.25 2.44
Window (mo) 176 - 234 126 - 179 91 - 145 73 - 127 53 - 104 37 - 68 28 - 43
Expected Final Mat. 12/25/19 5/25/15 7/25/12 1/25/11 2/25/09 2/25/06 1/25/04
Yield at 99.9542 8.69 8.69 8.67 8.66 8.64 8.59 8.54
CLASS A-6
Avg. Life (yrs) 8.24 7.34 6.68 6.38 5.84 5.06 3.96
Mod. Dur. (yrs) 5.71 5.28 4.95 4.78 4.47 4.00 3.28
Window (mo) 37 - 232 37 - 178 37 - 143 37 - 125 37 - 101 37 - 79 37 - 56
Expected Final Mat. 10/25/19 4/25/15 5/25/12 11/25/10 11/25/08 1/25/07 2/25/05
Yield at 99.9843 8.04 8.04 8.03 8.03 8.02 8.01 7.98
CLASS A-7
Avg. Life (yrs) 6.52 4.48 3.36 2.64 2.19 1.56 1.11
Window (mo) 1 - 225 1 - 170 1 - 136 1 - 115 1 - 96 1 - 72 1 - 46
Expected Final Mat. 3/25/19 8/25/14 10/25/11 1/25/10 6/25/08 6/25/06 4/25/04
<PAGE>
---------------------------------------------------------------------------------------------------------------
SENSITIVITY ANALYSIS - TO 20% CALL
---------------------------------------------------------------------------------------------------------------
Group I % of PPC 50.0% 75.0% 100.0% 115.0% 150.0% 200.0% 250.0%
Group II CPR 11.0% 16.5% 22.0% 28.0% 33.0% 44.0% 55.0%
CLASS A-4
Avg. Life (yrs) 12.14 8.09 5.77 4.92 3.66 2.61 2.03
Mod. Dur. (yrs) 7.37 5.67 4.41 3.89 3.04 2.27 1.80
Window (mo) 121 - 156 75 - 109 55 - 82 48 - 69 36 - 53 26 - 37 21 - 28
Expected Final Mat. 6/25/13 7/25/09 4/25/07 3/25/06 11/25/04 7/25/03 10/25/02
Yield at 99.9845 8.44 8.42 8.39 8.38 8.34 8.28 8.22
CLASS A-5
Avg. Life (yrs) 13.03 9.11 6.86 5.78 4.53 3.27 2.50
Mod. Dur. (yrs) 7.58 6.11 5.01 4.40 3.62 2.75 2.17
Window (mo) 156 - 156 109 - 109 82 - 82 69 - 69 53 - 54 37 - 39 28 - 30
Expected Final Mat. 6/25/13 7/25/09 4/25/07 3/25/06 12/25/04 9/25/03 12/25/02
Yield at 99.9542 8.69 8.67 8.65 8.64 8.61 8.56 8.51
CLASS A-6
Avg. Life (yrs) 8.16 7.10 6.08 5.35 4.37 3.27 2.53
Mod. Dur. (yrs) 5.68 5.18 4.63 4.20 3.56 2.79 2.22
Window (mo) 37 - 156 37 - 109 37 - 82 37 - 69 37 - 54 37 - 39 30 - 30
Expected Final Mat. 6/25/13 7/25/09 4/25/07 3/25/06 12/25/04 9/25/03 12/25/02
Yield at 99.9843 8.04 8.03 8.02 8.01 7.99 7.95 7.90
CLASS A-7
Avg. Life (yrs) 6.03 4.10 3.06 2.43 1.98 1.41 1.06
Window (mo) 1 - 156 1 - 109 1 - 82 1 - 69 1 - 54 1 - 39 1 - 30
Expected Final Mat. 6/25/13 7/25/09 4/25/07 3/25/06 12/25/04 9/25/03 12/25/02
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as of the STATISTICAL CALCULATION DATE.
<S> <C> <C>
TOTAL NUMBER OF LOANS 3,166
TOTAL OUTSTANDING LOAN BALANCE $173,963,136.54
AVERAGE LOAN PRINCIPAL BALANCE $54,947.30 $3,045.00 to $660,755.38
WA COUPON 12.163% 7.690% to 18.200%
WA ORIGINAL TERM (MO.) 304 Months 60 to 360 Months
WA REMAINING TERM (MO.) 302 Months 57 to 360 Months
WA CLTV 79.42% 7.00% to 99.89%
WA SECOND MORTGAGE RATIO 30.04% 3.54% to 99.75%
(FOR 2ND LIENS ONLY)
LIEN POSITION (FIRST/SECOND) 90.51%/9.49%
PROPERTY TYPE
SINGLE FAMILY 88.56%
PUD 4.60%
TWO- TO FOUR-FAMILY 2.91%
MANUFACTURED HOUSING 1.91%
TOWNHOUSE 1.40%
CONDO 0.62%
OCCUPANCY STATUS
PRIMARY HOME 95.97%
INVESTMENT 3.33%
SECOND HOME 0.70%
GEOGRAPHIC DISTRIBUTION
other states account individually for less than TX: 15.04%
5% of pool balance FL: 7.48%
TN: 5.74%
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as of the STATISTICAL CALCULATION DATE.
STATISTICAL CALCULATION DATE PRINCIPAL BALANCES
($) MORTGAGE LOANS STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
0.01 - 5,000.00 2 6,405.01 0.00
5,000.01 - 10,000.00 20 192,745.81 0.11
10,000.01 - 15,000.00 120 1,581,582.75 0.91
15,000.01 - 20,000.00 170 3,018,225.49 1.73
20,000.01 - 25,000.00 222 5,065,339.60 2.91
25,000.01 - 30,000.00 281 7,741,250.89 4.45
30,000.01 - 35,000.00 259 8,478,174.88 4.87
35,000.01 - 40,000.00 275 10,384,536.39 5.97
40,000.01 - 45,000.00 242 10,341,721.94 5.94
45,000.01 - 50,000.00 206 9,822,377.13 5.65
50,000.01 - 55,000.00 199 10,449,738.41 6.01
55,000.01 - 60,000.00 189 10,866,470.26 6.25
60,000.01 - 65,000.00 143 8,970,084.73 5.16
65,000.01 - 70,000.00 108 7,273,614.53 4.18
70,000.01 - 75,000.00 101 7,295,513.08 4.19
75,000.01 - 80,000.00 86 6,664,611.00 3.83
80,000.01 - 85,000.00 71 5,872,539.33 3.38
85,000.01 - 90,000.00 60 5,249,226.20 3.02
90,000.01 - 95,000.00 45 4,166,510.17 2.40
95,000.01 - 100,000.00 55 5,370,805.72 3.09
100,000.01 - 105,000.00 35 3,599,180.98 2.07
105,000.01 - 110,000.00 32 3,438,911.82 1.98
110,000.01 - 115,000.00 33 3,714,508.83 2.14
115,000.01 - 120,000.00 22 2,583,753.48 1.49
120,000.01 - 125,000.00 17 2,087,945.52 1.20
125,000.01 - 130,000.00 19 2,430,385.35 1.40
130,000.01 - 135,000.00 22 2,930,858.84 1.68
135,000.01 - 140,000.00 11 1,512,496.03 0.87
140,000.01 - 145,000.00 8 1,150,543.28 0.66
145,000.01 - 150,000.00 12 1,772,818.17 1.02
150,000.01 - 200,000.00 72 12,051,573.76 6.93
200,000.01 - 250,000.00 17 3,801,251.61 2.19
250,000.01 - 300,000.00 7 1,880,439.55 1.08
300,000.01 - 350,000.00 1 345,245.83 0.20
350,000.01 - 400,000.00 2 753,499.00 0.43
400,000.01 - 450,000.00 1 437,495.79 0.25
450,000.01 - 700,000.00 1 660,755.38 0.38
TOTAL: 3,166 173,963,136.54 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as of the STATISTICAL CALCULATION DATE.
LOAN RATES
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
7.501 - 8.000 2 151,422.01 0.09
8.001 - 8.500 8 915,335.94 0.53
8.501 - 9.000 15 1,065,713.11 0.61
9.001 - 9.500 65 4,564,771.14 2.62
9.501 - 10.000 122 9,393,958.36 5.40
10.001 - 10.500 115 7,601,671.18 4.37
10.501 - 11.000 272 17,775,773.00 10.22
11.001 - 11.500 253 15,609,277.34 8.97
11.501 - 12.000 427 27,832,188.57 16.00
12.001 - 12.500 354 20,900,318.76 12.01
12.501 - 13.000 533 28,929,520.14 16.63
13.001 - 13.500 249 11,674,291.26 6.71
13.501 - 14.000 282 11,947,486.87 6.87
14.001 - 14.500 161 6,105,377.22 3.51
14.501 - 15.000 140 4,777,459.84 2.75
15.001 - 15.500 69 2,164,394.76 1.24
15.501 - 16.000 49 1,247,013.39 0.72
16.001 - 16.500 19 562,256.09 0.32
16.501 - 17.000 17 408,748.53 0.23
17.001 - 17.500 7 143,407.07 0.08
17.501 - 18.000 6 169,953.50 0.10
18.001 - 18.500 1 22,798.46 0.01
TOTAL: 3,166 173,963,136.54 100.00
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
LIEN POSITION
---------------------------------------------------------------------------------------------------------------------
LIEN POSITION MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
---------------------------------------------------------------------------------------------------------------------
1st lien 2,628 157,449,087.86 90.51
2nd lien 538 16,514,048.68 9.49
TOTAL: 3,166 173,963,136.54 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
-------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as
of the STATISTICAL CALCULATION DATE.
<TABLE>
<CAPTION>
ORIGINAL TERM TO STATED MATURITY
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
0 - 60 48 919,078.07 0.53
61 - 120 212 6,189,698.52 3.56
121 - 180 803 34,951,218.87 20.09
181 - 240 298 13,653,695.73 7.85
241 - 300 26 1,418,184.08 0.82
301 - 360 1,779 116,831,261.27 67.16
TOTAL: 3,166 173,963,136.54 100
REMAINING TERM TO STATED MATURITY
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
0 - 60 48 919,078.07 0.53
61 - 120 212 6,189,698.52 3.56
121 - 180 803 34,951,218.87 20.09
181 - 240 298 13,653,695.73 7.85
241 - 300 26 1,418,184.08 0.82
301 - 360 1,779 116,831,261.27 67.16
TOTAL: 3,166 173,963,136.54 100.00
SEASONING
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
LESS THAN OR
EQUAL TO 0 1,038 57,853,382.16 33.26
1 - 6 2,107 114,962,901.78 66.08
7 - 12 12 872,339.35 0.50
13 - 18 2 68,038.44 0.04
19 - 24 3 83,402.43 0.05
25 - 30 2 64,840.21 0.04
31 - 42 2 58,232.17 0.03
TOTAL: 3,166 173,963,136.54 100.00
</TABLE>
-------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
-------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as
of the STATISTICAL CALCULATION DATE.
<TABLE>
<CAPTION>
ORIGINAL COMBINED LOAN-TO-VALUE RATIO
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
LESS THAN OR
EQUAL TO 10.00 4 55,172.43 0.03
10.01 - 15.00 9 203,092.74 0.12
15.01 - 20.00 14 255,876.50 0.15
20.01 - 25.00 15 347,317.34 0.20
25.01 - 30.00 18 458,768.79 0.26
30.01 - 55.00 20 703,630.82 0.40
35.01 - 40.00 36 1,111,275.30 0.64
40.01 - 45.00 45 1,345,308.03 0.77
45.01 - 50.00 50 1,806,218.01 1.04
50.01 - 55.00 54 2,125,965.17 1.22
55.01 - 60.00 101 3,808,950.88 2.19
60.01 - 65.00 129 5,231,669.64 3.01
65.01 - 70.00 221 11,645,786.52 6.69
70.01 - 75.00 346 17,580,475.64 10.11
75.01 - 80.00 771 42,021,981.66 24.16
80.01 - 85.00 569 31,163,352.15 17.91
85.01 - 90.00 583 42,717,621.14 24.56
90.01 - 95.00 130 8,334,865.54 4.79
95.01 - 100.00 51 3,045,808.24 1.75
TOTAL: 3,166 173,963,136.54 100.00
OCCUPANCY TYPE
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
Primary Home 2,999 166,946,962.71 95.97
Investment 142 5,792,317.70 3.33
Second Home 25 1,223,856.13 0.70
TOTAL: 3,166 173,963,136.54 100.00
PROPERTY TYPE
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
Single Family 2,847 154,069,306.73 88.56
PUD 84 8,004,426.69 4.60
2-4 Family 99 5,058,210.59 2.91
Manufactured Housing 64 3,330,078.54 1.91
Townhouse 48 2,428,594.86 1.40
Condo 24 1,072,519.13 0.62
TOTAL: 3,166 173,963,136.54 100.00
</TABLE>
-------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
-------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as
of the STATISTICAL CALCULATION DATE.
<TABLE>
<CAPTION>
STATES
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
AR 75 3,541,672.67 2.04
AZ 45 2,874,697.21 1.65
CA 30 2,689,273.46 1.55
CO 46 2,956,607.70 1.70
CT 21 1,377,591.79 0.79
DC 5 378,792.53 0.22
DE 2 63,439.82 0.04
FL 213 13,004,781.68 7.48
GA 52 5,004,383.43 2.88
IA 71 3,313,471.14 1.90
ID 12 622,299.10 0.36
IL 95 4,522,519.11 2.60
IN 76 4,599,493.90 2.64
KS 81 3,092,224.95 1.78
KY 47 2,719,521.78 1.56
LA 124 6,119,354.63 3.52
MA 61 2,796,972.13 1.61
MD 19 890,956.98 0.51
ME 26 1,851,405.24 1.06
MI 85 4,668,898.45 2.68
MN 41 2,188,560.89 1.26
MO 152 6,968,597.37 4.01
MS 122 6,242,123.02 3.59
MT 1 62,250.85 0.04
NC 134 8,412,726.42 4.84
ND 1 13,431.45 0.01
NE 49 2,902,477.04 1.67
NH 9 375,234.65 0.22
NJ 55 3,050,984.38 1.75
NM 21 1,265,244.96 0.73
NV 10 545,941.00 0.31
NY 81 4,113,704.23 2.36
OH 115 6,833,783.19 3.93
OK 79 3,636,166.49 2.09
OR 10 569,574.16 0.33
CONTINUED...
</TABLE>
-------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
-------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as
of the STATISTICAL CALCULATION DATE.
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
STATES (CONTINUED)
--------------------------------------------------------------------------------------------------------
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PA 143 6,800,099.36 3.91
RI 5 217,521.80 0.13
SC 82 4,615,054.59 2.65
TN 155 9,991,324.10 5.74
TX 508 26,168,552.91 15.04
UT 12 1,017,651.47 0.58
VA 60 3,571,052.30 2.05
VT 1 50,940.53 0.03
WA 51 2,658,767.28 1.53
WI 66 3,903,482.34 2.24
WV 11 512,721.92 0.29
WY 6 186,810.14 0.11
TOTAL: 3,166 173,963,136.54 100.00
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
--------------------------------------------------------------------------------------------------------
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
Full Documentation 2,841 153,294,785.24 88.12
Stated Income 233 13,992,215.55 8.04
Limited Documentation 92 6,676,135.75 3.84
TOTAL: 3,166 173,963,136.54 100.00
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
CREDIT GRADE
--------------------------------------------------------------------------------------------------------
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
A+ 150 8,439,636.03 4.85
A1 678 40,521,972.81 23.29
A2 1,121 65,475,035.05 37.63
B 574 30,377,711.59 17.46
C 1 35,048.21 0.02
C1 412 18,811,727.94 10.81
C2 131 5,515,813.15 3.17
D 99 4,786,191.76 2.75
TOTAL: 3,166 173,963,136.54 100.00
--------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------------------------------------------------------------
GROUP I COLLATERAL SUMMARY
-------------------------------------------------------------------------------
Collateral statistics for the FIXED RATE HOME EQUITY LOANS are listed below as
of the STATISTICAL CALCULATION DATE.
<TABLE>
<CAPTION>
PREPAYMENT PENALTY TERM
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
None 1,394 66,130,426.29 38.01
12 75 4,898,776.48 2.82
15 1 37,490.71 0.02
24 39 2,917,528.63 1.68
36 240 15,410,923.92 8.86
42 3 105,794.45 0.06
48 1 62,987.43 0.04
60 1,413 84,399,208.63 48.52
TOTAL: 3,166 173,963,136.54 100.00
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
SECOND MORTGAGE RATIO
--------------------------------------------------------------------------------------------------------
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
LESS THAN OR
EQUAL TO 10.00 19 249,858.91 1.51
10.01 - 15.00 68 1,304,689.96 7.90
15.01 - 20.00 110 2,539,850.95 15.38
20.01 - 25.00 103 3,025,788.08 18.32
25.01 - 30.00 77 2,481,394.30 15.03
30.01 - 35.00 62 2,296,338.96 13.91
35.01 - 40.00 33 1,309,318.99 7.93
40.01 - 45.00 15 684,227.01 4.14
45.01 - 50.00 19 931,572.76 5.64
50.01 - 55.00 10 575,017.97 3.48
55.01 - 60.00 11 676,800.24 4.10
60.01 - 70.00 4 153,937.79 0.93
70.01 - 75.00 2 72,408.72 0.44
75.01 - 80.00 2 75,994.04 0.46
80.01 - 85.00 2 114,350.00 0.69
85.01 - 100.00 1 22,500.00 0.14
TOTAL: 538 16,514,048.68 100.00
--------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
GROUP II COLLATERAL SUMMARY
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL CALCULATION
DATE.
TOTAL NUMBER OF LOANS 1,186
TOTAL OUTSTANDING LOAN BALANCE $112,478,382.97
AVERAGE LOAN PRINCIPAL BALANCE $94,838.43 $17,062.56 to $484,778.47
WA COUPON 11.47% 7.25% to 15.65%
ARM CHARACTERISTICS
MARGIN 6.35% 2.05% to 10.15%
FIRST PERIODIC CAP 1.87% 1.00% to 2.00%
SUBSEQUENT PERIODIC CAP 1.00%
LIFETIME CAP 18.46% 14.25% to 22.65%
LIFETIME FLOOR 11.47% 7.25% to 15.65%
WA ORIGINAL TERM (MO.) 360 Months 120 to 360 Months
WA REMAINING TERM (MO.) 359 Months 118 to 360 Months
WA ORIGINAL LTV 83.36% 16.92% to 99.00%
LOAN TYPE
6 MO LI ARM 12.87%
2 YR FIXED, 6 MO LI ARM 87.13%
PROPERTY TYPE
SINGLE FAMILY 79.24%
PUD 10.89%
TWO- TO FOUR-FAMILY 4.65%
CONDO 2.16%
TOWNHOUSE 1.54%
MANUFACTURED HOUSING 1.50%
OCCUPANCY STATUS
PRIMARY HOME 97.12%
INVESTMENT 2.58%
SECOND HOME 0.30%
GEOGRAPHIC DISTRIBUTION
other states account individually for less than CA: 9.70% TX: 6.33%
5% of pool balance OH: 8.81% NY: 5.08%
NC: 7.20%
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP II COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below
as of the STATISTICAL CALCULATION DATE.
STATISTICAL CALCULATION DATE PRINCIPAL BALANCES
($) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
15,000.01 - 20,000.00 5 94,931.33 0.08
20,000.01 - 25,000.00 13 299,633.85 0.27
25,000.01 - 30,000.00 23 633,750.45 0.56
30,000.01 - 35,000.00 39 1,279,199.51 1.14
35,000.01 - 40,000.00 44 1,659,454.60 1.48
40,000.01 - 45,000.00 46 1,968,193.57 1.75
45,000.01 - 50,000.00 46 2,192,171.38 1.95
50,000.01 - 55,000.00 64 3,372,582.89 3.00
55,000.01 - 60,000.00 62 3,587,123.62 3.19
60,000.01 - 65,000.00 63 3,932,872.19 3.50
65,000.01 - 70,000.00 78 5,252,225.82 4.67
70,000.01 - 75,000.00 70 5,057,951.98 4.50
75,000.01 - 80,000.00 63 4,883,813.17 4.34
80,000.01 - 85,000.00 51 4,206,944.71 3.74
85,000.01 - 90,000.00 47 4,120,931.43 3.66
90,000.01 - 95,000.00 38 3,508,364.60 3.12
95,000.01 - 100,000.00 33 3,219,662.09 2.86
100,000.01 - 105,000.00 30 3,102,317.18 2.76
105,000.01 - 110,000.00 34 3,639,564.39 3.24
110,000.01 - 115,000.00 40 4,489,305.45 3.99
115,000.01 - 120,000.00 15 1,755,192.95 1.56
120,000.01 - 125,000.00 23 2,823,937.35 2.51
125,000.01 - 130,000.00 16 2,032,201.10 1.81
130,000.01 - 135,000.00 20 2,655,887.22 2.36
135,000.01 - 140,000.00 13 1,796,300.21 1.60
140,000.01 - 145,000.00 24 3,434,994.05 3.05
145,000.01 - 150,000.00 13 1,915,601.75 1.70
150,000.01 - 200,000.00 104 17,933,842.30 15.94
200,000.01 - 250,000.00 43 9,757,406.21 8.67
250,000.01 - 300,000.00 16 4,256,512.71 3.78
300,000.01 - 350,000.00 5 1,607,025.34 1.43
350,000.01 - 400,000.00 3 1,118,709.10 0.99
400,000.01 - 450,000.00 1 405,000.00 0.36
450,000.01 - 500,000.00 1 484,778.47 0.43
TOTAL: 1,186 112,478,382.97 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP II COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below
as of the STATISTICAL CALCULATION DATE.
LOAN RATES
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
7.001 - 7.500 2 191,975.27 0.17
7.501 - 8.000 1 44,444.80 0.04
8.001 - 8.500 2 269,350.66 0.24
8.501 - 9.000 8 1,481,973.58 1.32
9.001 - 9.500 27 3,053,642.24 2.71
9.501 - 10.000 96 10,106,982.89 8.99
10.001 - 10.500 103 10,374,528.13 9.22
10.501 - 11.000 174 17,772,683.06 15.80
11.001 - 11.500 157 15,375,893.52 13.67
11.501 - 12.000 242 22,380,840.44 19.90
12.001 - 12.500 144 13,266,723.91 11.79
12.501 - 13.000 138 10,914,562.79 9.70
13.001 - 13.500 43 3,600,729.62 3.20
13.501 - 14.000 32 2,559,682.08 2.28
14.001 - 14.500 11 801,070.88 0.71
14.501 - 15.000 2 97,962.00 0.09
15.001 - 15.500 3 129,087.10 0.11
15.501 - 16.000 1 56,250.00 0.05
TOTAL: 1,186 112,478,382.97 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
GROUP II COLLATERAL SUMMARY
---------------------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below
as of the STATISTICAL CALCULATION DATE.
ORIGINAL TERM TO STATED MATURITY
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
61 - 120 1 60,631.72 0.05
121 - 180 3 146,853.47 0.13
181 - 240 2 82,541.46 0.07
241 - 300 1 59,111.73 0.05
301 - 360 1,179 112,129,244.59 99.69
TOTAL: 1,186 112,478,382.97 100.00
REMAINING TERM TO STATED MATURITY
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
61 - 120 1 60,631.72 0.05
121 - 180 3 146,853.47 0.13
181 - 240 2 82,541.46 0.07
241 - 300 1 59,111.73 0.05
301 - 360 1,179 112,129,244.59 99.69
TOTAL: 1,186 112,478,382.97 100.00
SEASONING
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
equal to less than 0 382 37,681,325.98 33.50
1 - 6 801 74,671,046.48 66.39
7 - 12 3 126,010.51 0.11
TOTAL: 1,186 112,478,382.97 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
LOAN TYPE
---------------------------------------------------------------------------------------------------------------------
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
6 Month Libor ARM 147 14,471,461.53 12.87
2 yr Fixed, 6 Month Libor ARM 1,039 98,006,921.44 87.13
TOTAL: 1,186 112,478,382.97 100.00
---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
GROUP II COLLATERAL SUMMARY
--------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL
CALCULATION DATE.
ORIGINAL LOAN-TO-VALUE RATIO
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
less than or equal to 20.00 1 33,849.26 0.03
20.01 - 25.00 3 130,987.55 0.12
25.01 - 30.00 2 86,991.12 0.08
30.01 - 35.00 2 70,550.00 0.06
35.01 - 40.00 5 315,421.35 0.28
40.01 - 45.00 4 277,384.64 0.25
45.01 - 50.00 6 269,247.51 0.24
50.01 - 55.00 14 836,793.72 0.74
55.01 - 60.00 18 1,182,222.17 1.05
60.01 - 65.00 35 2,187,605.60 1.94
65.01 - 70.00 33 2,488,135.81 2.21
70.01 - 75.00 110 9,514,806.84 8.46
75.01 - 80.00 239 21,400,265.80 19.03
80.01 - 85.00 260 24,670,639.30 21.93
85.01 - 90.00 358 41,093,905.53 36.53
90.01 - 95.00 76 6,310,843.46 5.61
95.01 - 100.00 20 1,608,733.31 1.43
TOTAL: 1,186 112,478,382.97 100.00
OCCUPANCY TYPE
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
Primary Home 1,135 109,233,689.45 97.12
Investment 45 2,904,596.55 2.58
Second Home 6 340,096.97 0.30
TOTAL: 1,186 112,478,382.97 100.00
PROPERTY TYPE
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
Single Family 989 89,129,476.44 79.24
PUD 78 12,250,609.71 10.89
2-4 Family 54 5,235,560.87 4.65
Condo 21 2,433,559.87 2.16
Townhouse 21 1,736,911.55 1.54
Manufactured Housing 23 1,692,264.53 1.50
TOTAL: 1,186 112,478,382.97 100.00
--------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
GROUP II COLLATERAL SUMMARY
--------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL
CALCULATION DATE.
STATES
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
<S> <C> <C> <C>
AR 4 364,126.53 0.32
AZ 53 4,636,453.03 4.12
CA 64 10,907,595.78 9.70
CO 24 3,022,078.50 2.69
CT 15 1,835,041.59 1.63
DC 1 160,200.00 0.14
DE 1 70,800.00 0.06
FL 48 4,856,335.58 4.32
GA 44 4,009,916.47 3.57
IA 10 567,801.23 0.50
ID 7 918,741.97 0.82
IL 39 3,923,678.63 3.49
IN 32 2,104,166.03 1.87
KS 9 689,273.02 0.61
KY 21 2,000,421.36 1.78
LA 12 1,165,768.05 1.04
MA 10 1,076,742.75 0.96
MD 7 995,226.36 0.88
ME 11 1,180,592.06 1.05
MI 63 4,608,148.34 4.10
MN 12 1,030,068.29 0.92
MO 30 1,955,912.27 1.74
MS 14 743,552.92 0.66
NC 94 8,103,499.75 7.20
NE 2 94,807.91 0.08
NH 5 555,274.50 0.49
NJ 20 2,611,059.69 2.32
NM 5 520,860.26 0.46
NV 10 1,233,537.32 1.10
NY 55 5,712,194.53 5.08
OH 21 9,911,547.66 8.81
OK 12 973,144.37 0.87
OR 19 2,426,084.14 2.16
PA 52 2,995,751.20 2.66
RI 1 91,778.28 0.08
CONTINUED...
---------------------------------------------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------------------------------
GROUP II COLLATERAL SUMMARY
--------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL
CALCULATION DATE.
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
STATES (CONTINUED)
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
SC 25 2,136,384.06 1.90
SD 1 40,581.22 0.04
TN 55 5,294,756.06 4.71
TX 79 7,117,291.95 6.33
UT 12 1,223,200.96 1.09
VA 10 1,114,566.91 0.99
VT 1 65,662.00 0.06
WA 46 5,140,595.61 4.57
WI 24 1,981,528.42 1.76
WV 5 271,390.41 0.24
WY 1 40,245.00 0.04
TOTAL: 1,186 112,478,382.97 100.00
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
DOCUMENTATION TYPE
--------------------------------------------------------------------------------------------------------
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
--------------------------------------------------------------------------------------------------------
Full Documentation 1,057 98,778,313.81 87.82
Stated Income 90 8,921,045.80 7.93
Limited Documentation 39 4,779,023.36 4.25
TOTAL: 1,186 112,478,382.97 100.00
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
CREDIT GRADE
--------------------------------------------------------------------------------------------------------
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
---------------------------------------------------------------------------------------------------------------------
A+ 11 1,400,700.44 1.25
A1 186 21,100,441.34 18.76
A2 531 52,126,075.68 46.34
B 243 20,478,573.15 18.21
C1 137 11,055,935.20 9.83
C2 77 6,221,386.41 5.53
D 1 95,270.75 0.08
TOTAL: 1,186 112,478,382.97 100.00
--------------------------------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------------------------------
GROUP II COLLATERAL SUMMARY
--------------------------------------------------------------------------------------------------------
Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL
CALCULATION DATE.
MARGIN
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
2.001 - 2.500 1 110,661.73 0.10
2.501 - 3.000 1 81,313.54 0.07
3.001 - 3.500 3 353,350.66 0.31
3.501 - 4.000 14 1,356,491.57 1.21
4.001 - 4.500 31 3,294,505.52 2.93
4.501 - 5.000 86 8,446,418.55 7.51
5.001 - 5.500 119 12,824,353.17 11.40
5.501 - 6.000 166 16,416,791.39 14.60
6.001 - 6.500 211 20,237,536.62 17.99
6.501 - 7.000 200 19,340,597.53 17.19
7.001 - 7.500 164 14,522,561.77 12.91
7.501 - 8.000 97 7,959,726.72 7.08
8.001 - 8.500 47 4,156,963.18 3.70
8.501 - 9.000 26 2,180,778.79 1.94
9.001 - 9.500 14 877,171.62 0.78
9.501 - 10.000 4 204,986.61 0.18
10.001 - 10.500 2 114,174.00 0.10
TOTAL: 1,186 112,478,382.97 100.00
NEXT RATE ADJUSTMENT DATE
MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
September 2000 38 3,532,226.61 3.14
October 2000 72 7,038,585.30 6.26
November 2000 37 3,900,649.62 3.47
May 2001 1 58,268.21 0.05
June 2001 1 47,880.58 0.04
August 2001 1 19,861.72 0.02
December 2001 1 87,034.89 0.08
January 2002 2 94,574.19 0.08
February 2002 1 76,532.17 0.07
March 2002 238 21,037,005.31 18.70
April 2002 451 43,109,600.64 38.33
May 2002 343 33,476,163.73 29.76
TOTAL: 1,186 112,478,382.97 100.00
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GROUP II COLLATERAL SUMMARY
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Collateral statistics for the ADJUSTABLE RATE HOME EQUITY LOANS are listed below as of the STATISTICAL
CALCULATION DATE.
INITIAL PERIODIC CAP
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
1.000 147 14,471,461.53 12.87
2.000 1,039 98,006,921.44 87.13
TOTAL: 1,186 112,478,382.97 100.00
LIFETIME CAP
(%) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
14.001 - 14.500 2 191,975.27 0.17
14.501 - 15.000 1 44,444.80 0.04
15.001 - 15.500 2 269,350.66 0.24
15.501 - 16.000 10 1,686,381.15 1.50
16.001 - 16.500 27 3,053,642.24 2.71
16.501 - 17.000 96 10,093,705.99 8.97
17.001 - 17.500 104 10,409,855.38 9.25
17.501 - 18.000 172 17,581,552.39 15.63
18.001 - 18.500 156 15,340,566.27 13.64
18.501 - 19.000 242 22,380,840.44 19.90
19.001 - 19.500 144 13,266,723.91 11.79
19.501 - 20.000 138 10,914,562.79 9.70
20.001 - 20.500 43 3,600,729.62 3.20
20.501 - 21.000 32 2,559,682.08 2.28
21.001 - 21.500 11 801,070.88 0.71
21.501 - 22.000 2 97,962.00 0.09
22.001 - 22.500 3 129,087.10 0.11
22.501 - 23.000 1 56,250.00 0.05
TOTAL: 1,186 112,478,382.97 100.00
PREPAYMENT PENALTY TERM
(MONTHS) MORTGAGE STATISTICAL CALCULATION % OF STATISTICAL CALCULATION
LOANS DATE PRINCIPAL BALANCE ($) DATE POOL PRINCIPAL BALANCE
None 247 22,964,458.36 20.42
2 1 35,327.25 0.03
5 1 66,275.73 0.06
12 31 4,656,746.64 4.14
24 149 16,986,402.39 15.10
36 48 5,370,919.32 4.78
60 709 62,398,253.28 55.48
TOTAL: 1,186 112,478,382.97 100.00
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