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SECURITIES AND EXCHANGE COMMISSION
450 FIFTH STREET, NW
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FEBRUARY 26, 1998
(DATE OF EARLIEST EVENT REPORTED)
PNC MORTGAGE SECURITIES CORP.
AS DEPOSITOR AND MASTER SERVICER UNDER A
POOLING AND SERVICING AGREEMENT
DATED AS OF FEBRUARY 1, 1998
PROVIDING FOR THE ISSUANCE OF
$1,044,921,893
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1998-2
Delaware 333-38121 T/B/D
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
Incorporation) Number)
75 NORTH FAIRWAY DRIVE
VERNON HILLS, ILLINOIS 60061
(Address of principal executive offices)
Registrant's telephone number, including area code:
(847) 549-6500
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Item 5. OTHER EVENTS
DESCRIPTION OF THE CERTIFICATES AND THE MORTGAGE POOL.
On February 27, 1998 (the "Closing Date"), PNC Mortgage Securities Corp.
(the "Company"), pursuant to a pooling and servicing agreement, dated as of
February 1, 1998, between the Company, as Depositor and Master Servicer, and
U.S. Bank National Association, as the Trustee, caused the Mortgage
Pass-Through Certificates, Series 1998-2, to be issued (the "Certificates")
which consist of the following fifty-one classes: (i) Class I-A-1, (ii)
Class II-A-1, (iii) Class III-A-1, Class III-A-2, Class III-A-3, Class
III-A-4, Class III-A-5, Class III-A-6 and Class III-A-7 (the "GROUP III-A
CERTIFICATES"), (iv) Class IV-A-1 and Class IV-A-2 (the "GROUP IV-A
CERTIFICATES"), (v) Class V-A-1, Class V-A-2, Class V-A-3, Class V-A-4 and
Class V-A-5 (the "GROUP V-A CERTIFICATES" and, together with the Class I-A-1,
Class II-A-1, Group III-A and Group IV-A Certificates, the "CLASS A
CERTIFICATES"), (vi) Class I-P, Class II-P, Class III-P, and Class IV-P (the
"CLASS P CERTIFICATES"), (vii) Class I-X, Class II-X, Class III-X and Class
IV-X, (viii) Class V-X-1 and Class V-X-2 (the "CLASS V-X CERTIFICATES" and,
together with the Class I-X, Class II-X, Class III-X and Class IV-X
Certificates, the "CLASS X CERTIFICATES"), (ix) Class C-B-1, Class C-B-2 and
Class C-B-3 (the "GROUP C-B SENIOR SUBORDINATE CERTIFICATES"), (x) Class
C-B-4, Class C-B-5 and Class C-B-6 (the "GROUP C-B JUNIOR SUBORDINATE
CERTIFICATES" and, together with the Group C-B Senior Subordinate
Certificates, the "GROUP C-B CERTIFICATES"), (xi) Class III-B-1, Class
III-B-2 and Class III-B-3 (the "GROUP III SENIOR SUBORDINATE CERTIFICATES"),
(xii) Class III-B-4, Class III-B-5 and Class III-B-6 (the "GROUP III JUNIOR
SUBORDINATE CERTIFICATES" and, together with the Group III Senior Subordinate
Certificates, the "GROUP III-B CERTIFICATES"), (xiii) Class IV-B-1, Class
IV-B-2 and Class IV-B-3 (the "GROUP IV SENIOR SUBORDINATE CERTIFICATES"),
(xiv) Class IV-B-4, Class IV-B-5 and Class IV-B-6 (the "GROUP IV JUNIOR
SUBORDINATE CERTIFICATES" and, together with the Group IV Senior Subordinate
Certificates, the "GROUP IV-B CERTIFICATES"), (xv) Class V-B-1, Class V-B-2
and Class V-B-3 (the "GROUP V SENIOR SUBORDINATE CERTIFICATES"), (xvi) Class
V-B-4, Class V-B-5 and Class V-B-6 (the "GROUP V JUNIOR SUBORDINATE
CERTIFICATES" and, together with the Group V Senior Subordinate Certificates,
the "GROUP V-B CERTIFICATES") and (xvii) Class R (the "RESIDUAL
CERTIFICATES" and, together with the Class A, Class X and Class P
Certificates, the "SENIOR CERTIFICATES"). The Class III-A-7 and Class V-A-3
Certificates are sometimes referred to as the "LOCKOUT CERTIFICATES". The
Class I-A-1, Class I-P and Class I-X Certificates are sometimes referred to
as the "GROUP I CERTIFICATES", the Class II-A-1, Class II-P and Class II-X
Certificates are sometimes referred to as the "GROUP II CERTIFICATES", the
Group III-A, Class III-P, Class III-X and Group III-B Certificates are
sometimes referred to as the "GROUP III CERTIFICATES", the Group IV-A, Class
IV-P, Class IV-X, Group IV-B and the Residual Certificates are sometimes
referred to as the "GROUP IV CERTIFICATES" and the Group V-A, Class V-X and
Group V-B Certificates are sometimes referred to as the "GROUP V
CERTIFICATES". The Group I Certificates, the Group
__________________________
Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Prospectus, dated November 24, 1997, and
Prospectus Supplement, dated February 24, 1998, of PNC Mortgage Securities
Corp., relating to its Mortgage Pass-Through Certificates, Series 1998-2.
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II Certificates, the Group III Certificates, the Group IV Certificates and the
Group V Certificates are each a "CERTIFICATE GROUP". The Group C-B, Group III,
Group IV and Group V Senior Subordinate Certificates are collectively referred
to as the "SENIOR SUBORDINATE CERTIFICATES". The Group C-B, Group III, Group IV
and Group V Junior Subordinate Certificates are collectively referred to as the
"JUNIOR SUBORDINATE CERTIFICATES". The Group C-B, Group III-B, Group IV-B and
Group V-B Certificates are collectively referred to as the "SUBORDINATE
CERTIFICATES" or "CLASS B CERTIFICATES". The Class C-B Certificates are the
Subordinate Certificates for both the Group I and Group II Certificates and are
part of both Certificate Groups and therefore, as used herein, their "related
Certificate Group" includes both Certificate Group I and Certificate Group II
and their "related Loan Group" includes both Loan Group I and Loan Group II.
Only the Senior Certificates and the Senior Subordinate Certificates
(collectively, the "OFFERED CERTIFICATES") are offered to the public pursuant to
the Company's Prospectus dated November 24, 1997 (the "Base Prospectus"), and
Prospectus Supplement dated February __, 1998 (the "Prospectus Supplement", and
together with the Base Prospectus, the "Prospectus"). The Junior Subordinate
Certificates are not offered pursuant to the Prospectus.
The Certificates evidence all the beneficial ownership interest in a
trust (the "Trust") established by the Company. The Trust consists of a pool
of conventional fixed-rate one- to four-family residential and cooperative
apartment mortgage loans with original terms to maturity of not more than 30
years (the "Mortgage Loans") deposited by the Company, and certain other
assets, as described in the Prospectus. The Mortgage Pool (as described in
the Prospectus) consists of five groups of Mortgage Loans ("Loan Group I",
"Loan Group II", "Loan Group III", "Loan Group IV" and "Loan Group V", each,
a "Loan Group"). The Mortgage Loans in Loan Group I are sometimes referred
to as the "Group I Loans", the Mortgage Loans in Loan Group II are sometimes
referred to as the "Group II Loans", the Mortgage Loans in Loan Group III are
sometimes referred to as the "Group III Loans", the Mortgage Loans in Loan
Group IV are sometimes referred to as the "Group IV Loans" and the Mortgage
Loans in Loan Group V are sometimes referred to as the "Group V Loans". The
Group I Certificates correspond to the Group I Loans, which consist of
fixed-rate Mortgage Loans with terms to maturity of not more than 30 years.
The Group II Certificates correspond to the Group II Loans, which consist of
fixed-rate Mortgage Loans with terms to maturity of not more than 15 years.
The Group C-B Certificates correspond to the Group I Loans and the Group II
Loans. The Group III Certificates correspond to the Group III Loans, which
consist of fixed-rate Mortgage Loans with terms to maturity of not more than
15 years. The Group IV Certificates correspond to the Group IV Loans, which
consist of fixed-rate Mortgage Loans with terms to maturity of not more than
30 years. The Group V Certificates correspond to the Group V Loans, which
consist of fixed-rate Mortgage Loans with terms to maturity of not more than
30 years. Distributions of interest and principal on the Group I
Certificates, the Group II Certificates, the Group III Certificates, the
Group IV Certificates and the Group V Certificates will be solely based on
interest and principal received or advanced with respect to the Group I
Loans, Group II Loans, Group III Loans, Group IV Loans and Group V Loans,
respectively; except with respect to the Group I and Group II Certificates
under the limited circumstances described in "Description of the Certificates
- - Group I and Group II Cross-Collateralization" in the Prospectus. The
rights of the holders of the
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Group C-B Certificates to receive distributions with respect to the Group I
Loans and Group II Loans will be based solely on interest and principal
received or advanced with respect to both such Loan Groups, and will be
subordinate to the rights of the holders of the Senior Certificates of both
Certificate Group I and Certificate Group II and the Group C-B Certificates
with lower numerical designations to the extent described in the Prospectus.
The rights of the holders of the Group III-B, Group IV-B and Group V-B
Certificates to receive distributions with respect to the Mortgage Loans in
the related Loan Group will be based solely on interest and principal
received or advanced with respect to such Loan Group, and will be subordinate
to the rights of the holders of the Senior Certificates of such Certificate
Group and the Class B Certificates of such Certificate Group with lower
numerical designations, to the extent described in the Prospectus.
The Company has caused an election to be made to treat the Trust as a
"real estate mortgage investment conduit" (a "REMIC") for federal income tax
purposes. All of the Offered Certificates issued by the Trust, other than the
Class R Certificates, represent ownership of REMIC "regular interests". The
Class R Certificates represent ownership of the "residual interest" in the
Trust. See "Certain Federal Income Tax Consequences" in the Prospectus
Supplement and in the Prospectus.
The Offered Certificates evidence interests only in the Trust and are
payable solely from amounts received with respect thereto.
The Company has the right to effect early retirement of the Certificates
under certain circumstances. See "Description of the Certificates - Optional
termination of the Mortgage Trust" in the Prospectus Supplement.
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The initial Class Principal Balance, initial Remittance Rate and Last
Scheduled Distribution Date for each Class of Offered Certificates is set forth
in the table below:
<TABLE>
<CAPTION>
INITIAL CLASS INITIAL LAST SCHEDULED
CLASS PRINCIPAL BALANCE REMITTANCE RATE (1) TYPE DISTRIBUTION DATE
<S> <C> <C> <C> <C>
Class I-A-1 $203,349,192 7.000% Senior March 25, 2028
Class II-A-1 56,847,519 7.000% Senior March 25, 2028
Class III-A-1 75,000,000 6.750% Senior March 25, 2013
Class III-A-2 28,100,000 6.750% Senior March 25, 2013
Class III-A-3 18,000,000 6.750% Senior March 25, 2013
Class III-A-4 1,950,981 6.750% Senior March 25, 2013
Class III-A-5 15,700,000 6.750% Senior March 25, 2013
Class III-A-6 7,536,000 6.750% Senior March 25, 2013
Class III-A-7 40,000,000 6.750% Senior/Lockout March 25, 2013
Class IV-A-1 116,638,462 6.750% Senior December 25, 2027
Class IV-A-2 12,230,000 6.750% Senior December 25, 2027
Class V-A-1 341,777,278 6.625% Senior March 25, 2028
Class V-A-2 8,728,000 6.625% Senior March 25, 2028
Class V-A-3 44,760,000 6.625% Senior/Lockout March 25, 2028
Class V-A-4 16,425,396 6.625% (2) Senior/Accrual March 25, 2028
Class V-A-5 11,340,604 6.625% Senior March 25, 2028
Class I-X -- 7.000% (3) Sr./Interest Only March 25, 2028
Class II-X -- 7.000% (3) Sr./Interest Only March 25, 2028
Class III-X -- 6.750% (3) Sr./Interest Only March 25, 2013
Class IV-X -- 6.750% (3) Sr./Interest Only December 25, 2027
Class V-X-1 -- 6.625% (3) Sr./Interest Only March 25, 2028
Class V-X-2 -- 6.625% (3) Sr./Interest Only March 25, 2028
Class I-P 12,038 (4) Sr./Principal Only March 25, 2028
Class II-P 2,637 (4) Sr./Principal Only March 25, 2028
Class III-P 337,992 (4) Sr./Principal Only March 25, 2013
Class IV-P 700,523 (4) Sr./Principal Only December 25, 2027
Class C-B-1 10,492,394 7.000% Sr. Subordinate March 25, 2028
Class C-B-2 3,497,464 7.000% Sr. Subordinate March 25, 2028
Class C-B-3 2,098,478 7.000% Sr. Subordinate March 25, 2028
Class III-B-1 4,157,965 6.750% Sr. Subordinate March 25, 2013
Class III-B-2 773,575 6.750% Sr. Subordinate March 25, 2013
Class III-B-3 580,181 6.750% Sr. Subordinate March 25, 2013
Class IV-B-1 3,163,503 6.750% Sr. Subordinate December 25, 2027
Class IV-B-2 673,085 6.750% Sr. Subordinate December 25, 2027
Class IV-B-3 403,851 6.750% Sr. Subordinate December 25, 2027
Class V-B-1 13,394,130 6.625% Sr. Subordinate March 25, 2028
Class V-B-2 4,241,474 6.625% Sr. Subordinate March 25, 2028
Class V-B-3 2,009,119 6.625% Sr. Subordinate March 25, 2028
Class R 50 6.750% Senior/Residual December 25, 2027
</TABLE>
(1) Interest distributed to the Offered Certificates (other than the Class P
Certificates, which is not entitled to receive distributions of interest)
on each Distribution Date (as defined in the Prospectus) will have accrued
during the preceding calendar month at the applicable per annum Remittance
Rate.
(2) On each Distribution Date on or before the Class V-A-4 Accretion
Termination Date (as defined in the Prospectus), an amount equal to the
Class V-A-4 Accrual Amount (as defined in the Prospectus) will be added to
the Class V-A-4 Principal Balance, and such amount will be distributed as
principal to certain Classes of Group V Certificates as described in the
Prospectus and will not be distributed as interest to the Class V-A-4
Certificates.
(3) Each Class of the Class X Certificates will accrue interest on the related
Class Notional Amount (each, as defined in "Description of the Certificates
-- Distributions of Interest" in the Prospectus). The Class I-X,
Class II-X, Class III-X, Class IV-X, Class V-X-1 and Class V-X-2 Notional
Amounts as of the Cut-Off Date were approximately $32,758,248, $8,946,181,
$17,011,506, $8,168,033, $42,853,719 and $17,985,165, respectively. The
Class X Certificates are not entitled to receive distributions of
principal.
(4) The Class I-P, Class II-P, Class III-P and Class IV-P Certificates are not
entitled to receive distributions of interest.
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The Mortgage Pool consists of Mortgage Loans having an aggregate
principal balance outstanding as of February 1, 1998 (the "Cut-Off Date"),
after deducting payments due on or before that date, of approximately
$1,054,279,136. The Group I Loans, Group II Loans, Group III Loans, Group IV
Loans and Group V Loans have an aggregate principal balance outstanding as of
the Cut-Off Date, after deducting payments due on or before that date, of
approximately $218,667,990, $61,129,202, $193,393,757, $134,617,180 and
$446,471,007, respectively. Certain of the risks of loss on certain mortgage
Loans will be covered up to specified limits by Primary Insurance Policies.
The Mortgage Loans are secured by first mortgages or first deeds of
trust or other similar security instruments creating first liens on one- to
four-family residential properties or shares of stock relating to cooperative
apartments (the "Mortgaged Properties"), which may include detached homes,
duplexes, townhouses, individual condominium units, individual units in
planned unit developments and other attached dwelling units which are part of
buildings consisting of more than four units (so long as the property subject
to the lien of the related Mortgage consists of no more than four units other
than cooperative apartments), and having the additional characteristics
described in the Prospectus.
Each Mortgage Loan will have a first payment date during the period from
December 1984 through March 1998, inclusive, and will have an original term
to maturity of not more than 30 years in the case of Group I, Group IV and
Group V Loans and 15 years in the case of Group II and Group III Loans.
LOAN GROUP I
As of the Cut-Off Date, the Mortgage Interest Rate on each Group I Loan
was not less than 6.750% and not more than 11.625% per annum. As of the
Cut-Off Date, the weighted average of the Mortgage Interest Rates on the
Group I Loans was approximately 8.339% per annum. As of the Cut-Off Date,
the Pass-Through Rate for each Group I Loan was not less than 6.450% and not
more than 11.325% per annum. As of the Cut-Off Date, the weighted average of
the Pass-Through Rates for the Group I Loans was approximately 8.048% per
annum.
All of the Group I Loans have principal and interest payable on the
first day of each month (the "Due Date"). None of the Group I Loans are
Buydown Loans. The latest original scheduled maturity of any Group I Loan is
February, 2028. Each of the Group I Loans have original terms to maturity of
not more than 30 years, and as of the Cut-Off Date, the weighted average
remaining term to maturity (adjusted for Curtailments) of the Group I Loans
was approximately 356.9 months. As of the Cut-Off Date one Group I Loan,
with an approximate principal balance of $136,229 (which represents
approximately 0.1% of the Group I Loans) will not fully amortize by its
stated maturity date. At origination, based upon an appraisal of the
Mortgaged Property securing each Group I Loan, approximately 89.7% of the
Group I Loans had Loan-to-Value Ratios less than or
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equal to 80%, and approximately 10.3% of the Group I Loans had Loan-to-Value
Ratios greater than 80% but less than or equal to 95%. No Group I Loan had a
Loan-to-Value Ratio at origination greater than 95%. At origination, the
weighted average of the Loan-to-Value Ratios of the Group I Loans was
approximately 75.0%. As of the Cut-Off Date, the weighted average of the
Loan-to-Value Ratios of the Group I Loans was approximately 74.9%. As of the
Cut-Off Date, approximately 8.3% of the Group I Loans were covered by a
Primary Insurance Policy. Except for 35 Group I Loans with an approximate
aggregate principal balance as of the Cut-Off Date of $4,250,619 (which
represents approximately 1.9% of the Group I Loans), all of the Group I Loans
with Loan-to-Value Ratios as of the Cut-Off Date in excess of 80% were
covered by a Primary Insurance Policy. At origination, each Group I Loan had
a principal balance of not less than $16,100 nor more than $227,000, and the
average principal balance of the Group I Loans as of the Cut-Off Date was
approximately $124,953. Approximately 74.2% of the Group I Loans were
secured by owner-occupied Mortgaged Properties which were the primary
residences of the related Mortgagors, based solely on representations of the
Mortgagors obtained at the origination of the related Group I Loans, and
approximately 2.7% of the Group I Loans were secured by owner-occupied
Mortgaged Properties which were second or vacation homes of the related
Mortgagors, based solely on such representations. Approximately 23.1% of the
Group I Loans were secured by Mortgaged Properties which were investor
properties of the related Mortgagors, based solely on such representations.
None of the Group I Loans are secured by interests in cooperative apartments.
All payments due prior to the Cut-Off Date have been made with respect to
all Group I Loans, except three Group I Loans with an aggregate principal
balance of approximately $238,659 (which represents approximately 0.1% of the
Group I Loans) are as many as 60 days delinquent as of the Cut-Off Date and,
in addition, two of such Mortgage Loans were delinquent six or seven times
during the twelve months preceding the Cut-Off Date and such delinquency
lasted in one case more than 60 consecutive days. In addition, six Group I
Loans with an aggregate principal balance of approximately $629,571 (which
represents approximately 0.3% of the Group I Loans) were delinquent between
four and eight times during the twelve months preceding the Cut-Off Date but
each such delinquency lasted no more than 60 days. With respect to the
remaining Group I Loans, no such Mortgage Loan was delinquent more than once
during the twelve months preceding the Cut-Off Date, and such delinquency
lasted no more than 30 days. The aggregate principal balance of Group I
Loans originated under reduced and no documentation programs (including
certain Group I Loans for which verification of income and deposits was not
required), which generally limit the original Loan-to-Value Ratio of the
Group I Loans, was approximately $125,890,093 which was approximately 57.6%
of Loan Group I. As of the Cut-Off Date, the weighted average of the
Loan-to-Value Ratios of such Group I Loans originated under such reduced and
no documentation programs was approximately 73.8%. The aggregate principal
balance of Group I Loans for which no income information was obtained from
the related Mortgagors or verified was approximately $32,194,556, which was
approximately 14.7% of Loan Group I. As of the Cut-Off Date, the weighted
average of the Loan-to-Value Ratios of such Group I Loans was approximately
74.9%.
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Approximately 52.4% of the Group I Loans are secured by Mortgaged
Properties located in California; 9.3%, in Washington; 8.1%, in Oregon; and
no other single state contains Mortgaged Properties securing more than 5.0%
of the Group I Loans. No more than 0.7% of the Group I Loans are secured by
Mortgaged Properties located in any one California zip code area, and no more
than 0.5% of the Group I Loans are secured by Mortgaged Properties located in
any other single zip code area. Approximately 49.5% of the Group I Loans were
originated for the purpose of refinancing existing mortgage debt, including
cash-out refinancings. Approximately 50.5% of the Group I Loans were
originated for the purpose of purchasing the Mortgaged Property.
LOAN GROUP II
As of the Cut-Off Date, the Mortgage Interest Rate on each Group II Loan
was not less than 7.125% and not more than 10.625% per annum. As of the
Cut-Off Date, the weighted average of the Mortgage Interest Rates on the
Group II Loans was approximately 8.314% per annum. As of the Cut-Off Date,
the Pass-Through Rate for each Group II Loan was not less than 6.835% and not
more than 10.335% per annum. As of the Cut-Off Date, the weighted average of
the Pass-Through Rates for the Group II Loans was approximately 8.024% per
annum.
All of the Group II Loans have principal and interest payable on the Due
Date. None of the Group II Loans are Buydown Loans. The latest original
scheduled maturity of any Group II Loan is January, 2013. Each of the Group
II Loans have original terms to maturity of not more than 15 years, and as of
the Cut-Off Date, the weighted average remaining term to maturity (adjusted
for Curtailments, except with respect to Balloon Loans) of the Group II Loans
was approximately 178.0 months. The weighted average remaining term to
maturity for Loan Group II was determined without regard to the amortization
schedules of the Balloon Loans in Loan Group II. As of the Cut-Off Date,
approximately 91.7% of the Group II Loans, with an aggregate principal
balance of $56,068,497, by the terms of the related Mortgages will not fully
amortize by their stated maturity dates (each, a "Balloon Loan"). At
origination, based upon an appraisal of the Mortgaged Property securing each
Group II Loan, approximately 86.7% of the Group II Loans had Loan-to-Value
Ratios less than or equal to 80%, and approximately 13.3% of the Group II
Loans had Loan-to-Value Ratios greater than 80% but less than or equal to
95%. No Group II Loan had a Loan-to-Value Ratio at origination greater than
95%. At origination, the weighted average of the Loan-to-Value Ratios of the
Group II Loans was approximately 76.6%. As of the Cut-Off Date, the weighted
average of the Loan-to-Value Ratios of the Group II Loans was approximately
76.4%. As of the Cut-Off Date, approximately 10.6% of the Group II Loans
were covered by a Primary Insurance Policy. Except for 11 Group II Loans
with an approximate aggregate principal balance as of the Cut-Off Date of
$1,634,098 (which represents approximately 2.7% of the Group II Loans), all
of the Group II Loans with Loan-to-Value Ratios as of the Cut-Off Date in
excess of 80% were covered by a Primary Insurance Policy. At origination,
each Group II Loan had
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a principal balance of not less than $29,500 nor more than $252,000 and the
average principal balance of the Group II Loans as of the Cut-Off Date was
approximately $130,339. Approximately 74.8% of the Group II Loans are
secured by owner-occupied Mortgaged Properties which are the primary
residences of the related Mortgagors, based solely on representations of the
Mortgagors obtained at the origination of the related Group II Loans, and
approximately 4.7% of the Group II Loans are secured by owner-occupied
Mortgaged Properties which are second or vacation homes of the related
Mortgagors, based solely on such representations. Approximately 20.5% of the
Group II Loans are secured by Mortgaged Properties which were investor
properties of the related Mortgagors, based solely on such representations.
None of the Group II Loans are secured by interests in cooperative
apartments. The aggregate principal balance of Group II Loans originated
under reduced and no documentation programs (including certain Group II Loans
for which verification of income and deposits was not required), which
generally limit the original Loan-to-Value Ratio of the Group II Loan, was
approximately $40,202,323, which was approximately 65.8% of Loan Group II.
As of the Cut-Off Date, the weighted average of the Loan-to-Value Ratios of
such Group II Loans originated under such reduced and no documentation
programs was approximately 74.9%. The aggregate principal balance of Group
II Loans for which no income information was obtained from the related
Mortgagors or verified was approximately $9,557,775, which was approximately
15.6% of Loan Group II. As of the Cut-Off Date, the weighted average of the
Loan-to-Value Ratios of such Group II Loans was approximately 80.7%.
Approximately 33.0% of the Group II Loans are secured by Mortgaged
Properties located in California; 14.3%, in Washington; 14.2%, in Arizona;
11.6%, in Colorado; 11.6%, in Utah; 8.5%, in Oregon; and no other single
state contains Mortgaged Properties securing more than 5% of the Group II
Loans. No more than 1.2% of the Group II Loans are secured by Mortgaged
Properties located in any one California zip code area, and no more than 1.1%
of the Group II Loans are secured by Mortgaged Properties located in any
other single zip code area. Approximately 47.3% of the Group II Loans were
originated for the purpose of refinancing existing mortgage debt, including
cash-out refinancings. Approximately 52.7% of the Group II Loans were
originated for the purpose of purchasing the Mortgaged Property.
LOAN GROUP III
As of the Cut-Off Date, the Mortgage Interest Rate on each Group III
Loans was not less than 6.375% and not more than 9.000% per annum. As of the
Cut-Off Date, the weighted average of the Mortgage Interest Rates on the
Group III Loans was approximately 7.618% per annum. As of the Cut-Off Date,
the Pass-Through Rate for each Group III Loan was not less than 6.075% and
not more than 8.710% per annum. As of the Cut-Off Date, the weighted average
of the Pass-Through Rates for the Group III Loans was approximately 7.332%
per annum.
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All of the Group III Loans have principal and interest payable on the
Due Date. None of the Group III Loans are Buydown Loans. The latest
original scheduled maturity of any Group III Loan is February, 2013. Each of
the Group III Loans have original terms to maturity of not more than 15
years, and as of the Cut-Off Date, the weighted average remaining term to
maturity (adjusted for Curtailments, except with respect to Balloon Loans) of
the Group III Loans was approximately 175.9 months. The weighted average
remaining term to maturity for Loan Group III was determined without regard
to the amortization schedules of the Balloon Loans in Loan Group III. As of
the Cut-Off Date, approximately 19.7% of the Group III Loans, with an
aggregate principal balance of $38,150,531, by the terms of the related
Mortgages will not fully amortize by their stated maturity dates. At
origination, based upon an appraisal of the Mortgaged Property securing each
Group III Loan, approximately 97.3% of the Group III Loans had Loan-to-Value
Ratios less than or equal to 80%, and approximately 2.7% of the Group III
Loans had Loan-to-Value Ratios greater than 80% but less than or equal to
95%. No Group III Loan had a Loan-to-Value Ratio at origination greater than
95%. At origination, the weighted average of the Loan-to-Value Ratios of the
Group III Loans was approximately 68.0%. As of the Cut-Off Date, the
weighted average of the Loan-to-Value Ratios of the Group III Loans was
approximately 67.2%. As of the Cut-Off Date, approximately 2.6% of the Group
III Loans were covered by a Primary Insurance Policy. All of the Group III
Loans with Loan-to-Value Ratios as of the Cut-Off Date in excess of 80% were
covered by a Primary Insurance Policy, except one Mortgage Loan with a
principal balance as of the Cut-Off Date of approximately $263,340. At
origination, each Group III Loan had a principal balance of not less than
$43,500 nor more than $1,260,000 and the average principal balance of the
Group III Loans as of the Cut-Off Date was approximately $336,923.
Approximately 92.7% of the Group III Loans were secured by owner-occupied
Mortgaged Properties which were the primary residences of the related
Mortgagors, based solely on representations of the Mortgagors obtained at the
origination of the related Group III Loans, and approximately 3.9% of the
Group III Loans were secured by owner-occupied Mortgaged Properties which
were second or vacation homes of the related Mortgagors, based solely on such
representations. Approximately 3.4% of the Group III Loans were secured by
Mortgaged Properties which were investor properties of the related
Mortgagors, based solely on such representations. None of the Group III
Loans are secured by interests in cooperative apartments. The aggregate
principal balance of Group III Loans originated under reduced and no
documentation programs (including certain Group III Loans for which
verification of income and deposits was not required), which generally limit
the original Loan-to-Value Ratio of the Group III Loan, was approximately
$51,657,592, which was approximately 26.7% of Loan Group III. As of the
Cut-Off Date, the weighted average of the Loan-to-Value Ratios of such Group
III Loans originated under such reduced and no documentation programs was
approximately 69.3%. The aggregate principal balance of Group III Loans for
which no income information was obtained from the related Mortgagors or
verified was approximately $3,575,104, which was approximately 1.8% of Loan
Group III. As of the Cut-Off Date, the weighted average of the Loan-to-Value
Ratios of such Group III Loans was approximately 73.0%.
10
<PAGE>
Approximately 42.3% of the Group III Loans are secured by Mortgaged
Properties located in California and no other single state contains Mortgaged
Properties securing more than 5% of the Group III Loans. No more than 1.3%
of the Group III Loans were secured by Mortgaged Properties located in any
one California zip code area, and no more than 0.7% of the Group III Loans
were secured by Mortgaged Properties located in any other single zip code
area. Approximately 67.6% of the Group III Loans were originated for the
purpose of refinancing existing mortgage debt, including cash-out
refinancings. Approximately 32.4% of the Group III Loans were originated for
the purpose of purchasing the Mortgaged Property.
LOAN GROUP IV
As of the Cut-Off Date, the Mortgage Interest Rate on each Group IV Loan
was not less than 6.500% and not more than 10.500% per annum. As of the
Cut-Off Date, the weighted average of the Mortgage interest Rates on the
Group IV Loans was approximately 7.415% per annum. As of the Cut-Off Date,
the Pass-Through Rate for each Group IV Loan was not less than 6.210% and not
more than 10.210% per annum. As of the Cut-Off Date, the weighted average of
the Pass-Through Rates for the Group IV Loans was approximately 7.124% per
annum.
All of the Group IV Loans have principal and interest payable on the Due
Date. None of the Group IV Loans are Buydown Loans. The latest original
scheduled maturity of any Group IV Loan is November, 2027. Each of the Group
IV Loans have original terms to maturity of not more than 30 years, and as of
the Cut-Off Date, the weighted average remaining term to maturity (adjusted
for Curtailments) of the Group IV Loans was approximately 295.5 months. At
origination, based upon an appraisal of the Mortgaged Property securing each
Group IV Loan, approximately 99.2% of the Group IV Loans had Loan-to-Value
Ratios less than or equal to 80%, and approximately 0.8% of the Group IV
Loans had Loan-to-Value Ratios greater than 80% but less than or equal to
95%. No Group IV Loans had a Loan-to-Value Ratio at origination greater than
95%. At origination, the weighted average of the Loan-to-Value Ratios of the
Group IV Loans was approximately 68.6%. As of the Cut-Off Date, the weighted
average of the Loan-to-Value Ratios of the Group IV Loans was approximately
63.9%. As of the Cut-Off Date, none of the Group IV Loans were covered by a
Primary Insurance Policy. At origination, each Group IV Loan had a principal
balance of not less than $215,000 nor more than $2,420,000 and the average
principal balance of the Group IV Loans as of the Cut-Off Date was
approximately $346,060. Approximately 97.9% of the Group IV Loans were
secured by owner-occupied Mortgaged Properties which were the primary
residences of the related Mortgagors, based solely on representations of the
Mortgagors obtained at the origination of the related Group IV Loans, and
approximately 1.7% of the Group IV Loans were secured by owner-occupied
Mortgaged Properties which were second or vacation homes of the related
Mortgagors, based solely on such representations. Approximately 0.4% of the
Group IV Loans were secured by Mortgaged Properties which were investor
properties of the related Mortgagors, based solely on such representations.
11
<PAGE>
None of the Group IV Loans were secured by interests in cooperative
apartments. None of the Group IV Loans were originated under reduced or no
documentation programs.
Approximately 91.4% of the Group IV Loans were secured by Mortgaged
Properties located in Illinois and no other single state contains Mortgaged
Properties securing more than 5.0% of the Group IV Loans. No more than 1.8%
of the Group IV Loans were secured by Mortgaged Properties located in any one
California zip code area, and no more than 11.9% of the Group IV Loans were
secured by Mortgaged Properties located in any other single zip code area.
Approximately 67.0% of the Group IV Loans were originated for the purpose of
refinancing existing mortgage debt, including cash-out refinancings.
Approximately 33.0% of the Group IV Loans were originated for the purpose of
purchasing the Mortgaged Property.
LOAN GROUP V
As of the Cut-Off Date, the Mortgage Interest Rate on each Group V Loan
was not less than 6.875% and not more than 10.500% per annum. As of the
Cut-Off Date, the weighted average of the Mortgage Interest Rates on the
Group V Loans was approximately 7.818% per annum. As of the Cut-Off Date,
the Pass-Through Rate for each Group V Loan was not less than 6.625% and not
more than 10.210% per annum. As of the Cut-Off Date, the weighted average of
the Pass-Through Rates for the Group V Loans was approximately 7.528% per
annum.
All of the Group V Loans have principal and interest payable on the Due
Date. Approximately 0.1% of the Group V Loans are Buydown Loans. The latest
original scheduled maturity of any Group V Loan is February, 2028. Each of
the Group V Loans have original terms to maturity of not more than 30 years,
and as of the Cut-Off Date, the weighted average remaining term to maturity
(adjusted for Curtailments) of the Group V Loans was approximately 356.9
months. At origination, based upon an appraisal of the Mortgaged Property
securing each Group V Loan, approximately 88.9% of the Group V Loans had
Loan-to-Value Ratios less than or equal to 80%, and approximately 11.1% of
the Group V Loans had Loan-to-Value Ratios greater than 80% but less than or
equal to 95%. No Group V Loan had a Loan-to-Value Ratio at origination
greater than 95%. At origination, the weighted average of the Loan-to-Value
Ratios of the Group V Loans was approximately 74.4%. As of the Cut-Off Date,
the weighted average of the Loan-to-Value Ratios of the Group V Loans was
approximately 74.3%. As of the Cut-Off Date, approximately 11.0% of the
Group V Loans were covered by a Primary Insurance Policy. All of the Group V
Loans with Loan-to-Value Ratios as of the Cut-Off Date in excess of 80% were
covered by a Primary Insurance Policy. At origination, each Group V Loan had
a principal balance of not less than $23,600 nor more than $1,500,000 and the
average principal balance of the Group V Loans as of the Cut-Off Date was
approximately $315,974. Approximately 94.9% of the Group V Loans were secured
by owner-occupied Mortgaged Properties which were the primary residences of
the related Mortgagors, based solely on representations of the Mortgagors
obtained at the origination of the
12
<PAGE>
related Group V Loans, and approximately 1.8% of the Group V Loans were
secured by owner-occupied Mortgaged Properties which were second or vacation
homes of the related Mortgagors, based solely on such representations.
Approximately 3.3% of the Group V Loans were secured by Mortgaged Properties
which were investor properties of the related Mortgagors, based solely on
such representations. Approximately 0.1% of the Group V Loans were secured by
interests in cooperative apartments. The aggregate principal balance of
Group V Loans originated under reduced and no documentation programs
(including certain Group V Loans for which verification of income and
deposits was not required), which generally limit the original Loan-to-Value
Ratio of the Group V Loan, was approximately $67,979,071, which was
approximately 15.2% of Loan Group V. As of the Cut-Off Date, the weighted
average of the Loan-to-Value Ratios of such Group V Loans originated under
such reduced and no documentation programs was approximately 75.8%. The
aggregate principal balance of Group V Loans for which no income information
was obtained from the related Mortgagors or verified was approximately
$12,348,745, which was approximately 2.8% of Loan Group V. As of the Cut-Off
Date, the weighted average of the Loan-to-Value Ratios of such Group V Loans
was approximately 71.0%.
Approximately 48.9% of the Group V Loans are secured by Mortgaged
Properties located in California; and no other single state contains
Mortgaged Properties securing more than 5% of the Group V Loans. No more
than 0.8% of the Group V Loans were secured by Mortgaged Properties located
in any one California zip code area, and no more than 0.6% of the Group V
Loans were secured by Mortgaged Properties located in any other single zip
code area. Approximately 59.0% of the Group V Loans were originated for the
purpose of refinancing existing mortgage debt, including cash-out
refinancings. Approximately 41.0% of the Group V Loans were originated for
the purpose of purchasing the Mortgaged Property.
SUBGROUP V-1 AND SUBGROUP V-2
Solely for the purpose of determining which Group V Loans are Group
V-X-12 Premium Rate Mortgage Loans and which are Group V-X-2 Premium Rate
Mortgage Loans (and therefore for the purpose of calculating the Class V-X-1
Notional Amount and the Class V-X-2 Notional Amount), the Group V Loans were
divided into two subgroups ("Subgroup V-1" and "Subgroup V-2"). The Group
V-X-1 Premium Rate Mortgage Loans are those Mortgage Loans in Subgroup V-1
having Pass-Through Rates in excess of 6.625% per annum. The Group V-X-2
Premium Rate Mortgage Loans are those Mortgage Loans in Subgroup V-2 having
Pass-Through Rates in excess of 6.625% per annum. For a list of which Group
V Loans belong to Subgroup V-1 and which belong to Subgroup V-2, see the
Mortgage Loan Schedule for Group V in the Pooling Agreement.
THE SUBGROUP V-1 LOANS. Subgroup V-1 consists of 1,027 Mortgage Loans
with an aggregate principal balance as of the Cut-Off Date approximately
$358,111,660. The principal balance at origination of each Subgroup V-1 Loan
ranged from approximately
13
<PAGE>
$31,500 to approximately $1,500,000, with an average principal balance at
origination of approximately $349,423. The Subgroup V-1 Loans had a weighted
average remaining term to maturity (adjusted for Curtailments) of
approximately 356.7 months as of the Cut-Off Date. As of the Cut-Off Date,
the weighted average of the Mortgage Interest Rates on such Mortgage Loans
was approximately 7.708% and the weighted average of the Pass-Through Rates
on such Mortgage Loans was approximately 7.418%.
THE SUBGROUP V-2 LOANS. Subgroup V-2 consists of 386 Mortgage Loans
with an aggregate principal balance as of the Cut-Off Date of approximately
$88,359,347. The principal balance at origination of each Subgroup V-2 Loan
ranged from approximately $23,600 to approximately $1,000,000, with an
average principal balance at origination of approximately $229,252. The
Subgroup V-2 Loans had a weighted average remaining term to maturity
(adjusted for Curtailments) of approximately 357.7 months as of the Cut-Off
Date. As of the Cut-Off Date, the weighted average of the Mortgage Interest
Rates on such Mortgage Loans was approximately 8.263% and the weighted
average of the Pass-Through Rates on such Mortgage Loans was approximately
7.973%.
Each Master Servicer will receive a fee (the "Master Servicing Fee") for
its services as Master Servicer under the Pooling Agreement. Each Master
Servicer will retain as its Master Servicing Fee an amount which will be
calculated as a per annum percentage for each related Mortgage Loan. The
Master Servicing Fee with respect to each Group I Loan ranges from a minimum
of 0.040% to a maximum of 0.050%, with a weighted average of 0.041%. The
Master Servicing Fee with respect to each Group II Loan will be 0.040%. The
Master Servicing Fee with respect to each Group III Loan ranges from a
minimum of 0.040% to a maximum of 0.100%, with a weighted average of 0.059%.
The Master Servicing Fee with respect to each Group IV Loan ranges from a
minimum of 0.040% to a maximum of 0.050%, with a weighted average of 0.040%.
The Master Servicing Fee with respect to each Group V Loan ranges from 0.040%
to 0.100%, with a weighted average of 0.053%.
The Master Servicer will pay all expenses incurred in connection with
its activities as Master Servicer. The Master Servicer is entitled to
reimbursement for certain expenses incurred by it in connection with the
liquidation of defaulted Mortgage Loans. In addition, the Master Servicer is
entitled to reimbursement of expenditures incurred by it in connection with
the restoration of a damaged Mortgaged Property.
The Servicing Fee with respect to each Group I Loan is 0.250%. The
Servicing Fee with respect to each Group II Loan is 0.250%. The Servicing
Fee with respect to each Group III Loan ranges from a minimum of 0.150% to a
maximum of 0.250%, with a weighted average of 0.227%. The Servicing Fee with
respect to each Group IV Loan is 0.250%. The Servicing Fee with respect to
each Group V Loan ranges from a minimum of 0.150% to a maximum of 0.250%,
with a weighted average of 0.237%. See "Description of the Certificates --
Servicing Compensation and Payment of Expenses" in
14
<PAGE>
the Prospectus for information regarding other possible compensation to the
Company and the servicers.
The following tables describe additional characteristics of the Mortgage
Loans for each Loan Group as of the Cut-Off Date. All percentages set forth
below have been calculated based on the principal balance of the Mortgage
Loans in the applicable Loan Group as of the Cut-Off Date. Note that the sum
of the percentages set forth under the heading "% of Aggregate Balance of
Loan Group" in each of the tables that follow may not equal 100% due to
rounding.
15
<PAGE>
a)Number of loans: 1750
b)Mortgage Interest Rates: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
MORTGAGE NUMBER BALANCES AS OF AGGREGATE
INTEREST OF OF THE CUT- BALANCE OF
RATE (MIR) LOANS OFF DATE THE POOL
---------- ------ ---------------- ------------
<S> <C> <C> <C>
6.750% 1 $ 100,373.39 0.05 %
7.250% 6 $ 642,782.18 0.29 %
7.375% 8 $ 1,163,918.93 0.53 %
7.500% 18 $ 2,375,522.89 1.09 %
7.625% 23 $ 3,605,062.64 1.65 %
7.750% 57 $ 7,141,203.69 3.27 %
7.875% 164 $ 23,431,220.95 10.72 %
8.000% 128 $ 17,822,609.80 8.15 %
8.125% 128 $ 16,569,639.67 7.58 %
8.250% 226 $ 27,487,728.58 12.57 %
8.375% 247 $ 30,886,263.31 14.12 %
8.500% 232 $ 29,759,469.28 13.61 %
8.625% 143 $ 16,685,276.76 7.63 %
8.750% 144 $ 17,051,034.26 7.80 %
8.751% 1 $ 87,347.93 0.04 %
8.875% 114 $ 11,933,232.18 5.46 %
9.000% 57 $ 6,082,989.04 2.78 %
9.125% 23 $ 2,486,254.80 1.14 %
9.250% 21 $ 2,241,764.46 1.03 %
9.375% 3 $ 385,938.15 0.18 %
9.500% 3 $ 353,321.42 0.16 %
9.750% 1 $ 163,846.36 0.07 %
9.875% 1 $ 89,917.89 0.04 %
11.625% 1 $ 121,271.61 0.06 %
----- ---------------- -----------
TOTAL 1750 $ 218,667,990.17 100.00 %
===== ================
</TABLE>
16
<PAGE>
c)Pass-Through Rates: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE
BALANCES AS WEIGHTED SCHEDULED
RANGE OF OF THE CUT- AVERAGE REMAINING TERM
PASS-THROUGH RATES OFF DATE MIRS (in months)
------------------ -------------- ----------- ----------------
<S> <C> <C> <C>
6.251 - 6.500% $ 100,373.39 6.750% 302
6.751 - 7.000% $ 642,782.18 7.250% 322
7.001 - 7.250% $ 3,539,441.82 7.459% 355
7.251 - 7.500% $ 10,746,266.33 7.708% 356
7.501 - 7.750% $ 41,253,830.75 7.929% 357
7.751 - 8.000% $ 44,057,368.25 8.203% 358
8.001 - 8.250% $ 60,645,732.59 8.436% 358
8.251 - 8.500% $ 33,823,658.95 8.688% 358
8.501 - 8.750% $ 18,016,221.22 8.917% 358
8.751 - 9.000% $ 4,728,019.26 9.184% 358
9.001 - 9.250% $ 739,259.57 9.435% 358
9.251 - 9.500% $ 163,846.36 9.750% 358
9.501 - 9.750% $ 89,917.89 9.875% 358
11.251 - 11.500% $ 121,271.61 11.625% 209
--------------- ------ ------
$218,667,990.17 8.339% * 358 *
===============
</TABLE>
* Represents a weighted average (by principal balance) of all the
Mortgage Loans.
17
<PAGE>
d)Original Principal Balances: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
ORIGINAL OF OF THE CUT- BALANCE OF
BALANCES LOANS OFF DATE POOL
------------------- ------ ---------------- ------------
<S> <C> <C> <C>
$ 50,000 OR LESS 81 $ 3,271,213.50 1.50 %
$ 50,001 - 75,000 231 $ 14,907,734.71 6.82 %
$ 75,001 - 100,000 304 $ 26,963,042.36 12.33 %
$100,001 - 150,000 620 $ 77,815,061.47 35.59 %
$150,001 - 200,000 363 $ 63,408,134.89 29.00 %
$200,001 - 250,000 151 $ 32,302,803.24 14.77 %
------ ---------------- ------------
TOTAL 1,750 $ 218,667,990.17 100.00 %
====== ================
</TABLE>
Outstanding principal balance of the smallest Mortgage Loan
at the Cut-Off Date: $15,871.55
Outstanding principal balance of the largest Mortgage Loan
at the Cut-Off Date: $226,460.06
18
<PAGE>
e)Years of initial Monthly Payment: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
PAYMENT LOANS OFF DATE POOL
------- ------ ---------------- ------------
<S> <C> <C> <C>
1985 1 $ 121,271.61 0.06 %
1992 4 $ 447,771.94 0.20 %
1993 4 $ 362,553.04 0.17 %
1994 2 $ 242,271.20 0.11 %
1997 369 $ 48,370,556.34 22.12 %
1998 1370 $ 169,123,566.04 77.34 %
------ ---------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ================
</TABLE>
19
<PAGE>
f)Current Loan-to-Value Ratios: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
CURRENT NUMBER BALANCES AS OF AGGREGATE
LOAN-TO-VALUE OF OF THE CUT- BALANCE OF
RATIOS LOANS OFF DATE POOL
-------------- ------ ---------------- ------------
<S> <C> <C> <C>
60.00% OR LESS 224 $ 22,736,747.94 10.40 %
60.01-70.00% 252 $ 28,440,770.54 13.01 %
70.01-75.00% 294 $ 37,157,872.34 16.99 %
75.01-80.00% 812 $ 107,892,584.85 49.34 %
80.01-85.00% 41 $ 4,940,463.61 2.26 %
85.01-90.00% 77 $ 9,694,637.02 4.43 %
90.01-95.00% 50 $ 7,804,913.87 3.57 %
------ ---------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ================
</TABLE>
20
<PAGE>
g)Types of Mortgaged Properties: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
PROPERTY OF OF THE CUT- BALANCE OF
TYPES LOANS OFF DATE POOL
------------ ------ ----------------- ------------
<S> <C> <C> <C>
SINGLE FAMILY DETACHED 1176 $ 148,039,821.98 67.70 %
DUPLEX 97 $ 11,578,371.10 5.29 %
TRIPLEX 25 $ 3,247,896.35 1.49 %
FOURPLEX 60 $ 8,035,807.13 3.67 %
CONDOMINIUM 148 $ 16,068,937.58 7.35 %
PLANNED UNIT DEVELOPMENT 231 $ 30,283,341.38 13.85 %
MANUFACTURED HOUSING 13 $ 1,413,814.65 0.65 %
------ ----------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== =================
</TABLE>
21
<PAGE>
h)Geographic Distribution by state: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
STATE LOANS OFF DATE POOL
-------------------- ------ ----------------- ------------
<S> <C> <C> <C>
ALABAMA 1 $ 217,454.00 0.10 %
ARIZONA 96 $ 9,611,002.37 4.40 %
CALIFORNIA 854 $ 114,500,324.50 52.36 %
COLORADO 65 $ 8,150,642.17 3.73 %
CONNECTICUT 3 $ 539,283.61 0.25 %
FLORIDA 55 $ 5,962,621.78 2.73 %
GEORGIA 20 $ 2,589,613.07 1.18 %
IDAHO 40 $ 4,202,858.03 1.92 %
ILLINOIS 12 $ 1,587,252.35 0.73 %
INDIANA 3 $ 665,967.93 0.30 %
MASSACHUSETTS 4 $ 536,111.89 0.25 %
MICHIGAN 1 $ 152,143.76 0.07 %
MINNESOTA 2 $ 244,664.79 0.11 %
MONTANA 25 $ 2,631,266.13 1.20 %
NEVADA 75 $ 9,206,581.49 4.21 %
NEW JERSEY 21 $ 3,039,792.57 1.39 %
NEW MEXICO 8 $ 1,052,777.47 0.48 %
NEW YORK 12 $ 1,556,901.75 0.71 %
NORTH CAROLINA 7 $ 961,266.34 0.44 %
OHIO 2 $ 327,764.82 0.15 %
OREGON 158 $ 17,712,492.40 8.10 %
PENNSYLVANIA 3 $ 455,875.47 0.21 %
RHODE ISLAND 2 $ 164,526.21 0.08 %
TEXAS 38 $ 4,206,743.32 1.92 %
UTAH 67 $ 7,535,171.66 3.45 %
VIRGINIA 4 $ 375,161.52 0.17 %
WASHINGTON 171 $ 20,416,770.21 9.34 %
WYOMING 1 $ 64,958.56 0.03 %
------ ----------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ===============
</TABLE>
22
<PAGE>
i)Scheduled maturity years: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
MATURITY LOANS OFF DATE POOL
-------- ------ ------------------ ------------
<S> <C> <C> <C>
2015 1 $ 121,271.61 0.06 %
2016 1 $ 50,509.88 0.02 %
2017 1 $ 197,989.73 0.09 %
2019 1 $ 181,672.70 0.08 %
2022 3 $ 285,222.49 0.13 %
2023 2 $ 156,690.93 0.07 %
2024 2 $ 242,271.20 0.11 %
2025 1 $ 136,228.98 0.06 %
2027 1049 $ 130,906,926.80 59.87 %
2028 689 $ 86,389,205.85 39.51 %
------ ------------------ ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ==================
</TABLE>
Weighted average (by principal balance) remaining term
(adjusted for curtailments) of the Mortgage Loans
calculated as of the Cut-Off Date: 356.9
Latest scheduled maturity of any Mortgage Loan: 2/1/2028
23
<PAGE>
j)Original Terms: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
LOAN TERM OF OF THE CUT- BALANCE OF
(IN MONTHS) LOANS OFF DATE POOL
--------------- ------ ---------------- ------------
<S> <C> <C> <C>
240 1 $ 197,989.73 0.09 %
360 1749 $ 218,470,000.44 99.91 %
------ ---------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ================
</TABLE>
24
<PAGE>
k)Documentation Program Types: 1998-2 Group 1
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
LOAN TYPE LOANS OFF DATE POOL
------------------------- ------ ---------------- ------------
<S> <C> <C> <C>
NO RATIO 275 $ 32,194,556.58 14.72 %
NO DOCUMENTATION 91 $ 9,515,731.01 4.35 %
FULL DOCUMENTATION 476 $ 60,583,341.09 27.71 %
LIMITED DOCUMENTATION 908 $ 116,374,361.49 53.22 %
------ ---------------- ------------
TOTAL 1750 $ 218,667,990.17 100.00 %
====== ================
</TABLE>
25
<PAGE>
a)Number of loans: 469
b)Mortgage Interest Rates: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
MORTGAGE NUMBER BALANCES AS OF AGGREGATE
INTEREST OF OF THE CUT- BALANCE OF
RATE (MIR) LOANS OFF DATE THE POOL
---------- ------ ---------------- ------------
<S> <C> <C> <C>
7.125% 1 $ 111,910.44 0.18 %
7.500% 3 $ 500,831.40 0.82 %
7.625% 11 $ 1,450,627.93 2.37 %
7.750% 19 $ 2,765,723.84 4.52 %
7.875% 29 $ 4,442,779.45 7.27 %
8.000% 43 $ 6,206,505.21 10.15 %
8.125% 49 $ 6,861,608.58 11.22 %
8.250% 67 $ 9,183,548.90 15.02 %
8.375% 55 $ 6,998,259.84 11.45 %
8.500% 64 $ 7,612,120.48 12.45 %
8.625% 43 $ 5,460,197.29 8.93 %
8.750% 38 $ 4,183,619.72 6.84 %
8.875% 31 $ 3,536,263.22 5.78 %
9.000% 7 $ 859,719.02 1.41 %
9.125% 5 $ 509,395.34 0.83 %
9.250% 2 $ 250,528.99 0.41 %
9.500% 1 $ 129,503.39 0.21 %
10.625% 1 $ 66,058.92 0.11 %
----- ---------------- -----------
TOTAL 469 $ 61,129,201.96 100.00 %
===== ================
</TABLE>
26
<PAGE>
c)Pass-Through Rates: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE
BALANCES AS WEIGHTED SCHEDULED
RANGE OF OF THE CUT- AVERAGE REMAINING TERM
PASS-THROUGH RATES OFF DATE MIRS (in months)
------------------ -------------- ----------- ----------------
<S> <C> <C> <C>
6.751 - 7.000% $ 111,910.44 7.125% 179
7.001 - 7.250% $ 500,831.40 7.500% 178
7.251 - 7.500% $ 4,216,351.77 7.707% 178
7.501 - 7.750% $ 10,649,284.66 7.948% 178
7.751 - 8.000% $ 16,045,157.48 8.197% 178
8.001 - 8.250% $ 14,610,380.32 8.440% 178
8.251 - 8.500% $ 9,643,817.01 8.679% 178
8.501 - 8.750% $ 4,395,982.24 8.899% 178
8.751 - 9.000% $ 759,924.33 9.166% 178
9.001 - 9.250% $ 129,503.39 9.500% 177
10.251 - 10.500% $ 66,058.92 10.625% 176
--------------- ------ ------
$ 61,129,201.96 8.314% * 178 *
===============
</TABLE>
* Represents a weighted average (by principal balance) of all the
Mortgage Loans.
27
<PAGE>
d)Original Principal Balances: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
ORIGINAL OF OF THE CUT- BALANCE OF
BALANCES LOANS OFF DATE POOL
------------------- ------ ---------------- ------------
<S> <C> <C> <C>
$ 50,000 OR LESS 18 $ 779,176.12 1.27 %
$ 50,001 - 75,000 57 $ 3,619,481.72 5.92 %
$ 75,001 - 100,000 67 $ 5,931,910.32 9.70 %
$100,001 - 150,000 162 $ 20,254,785.42 33.13 %
$150,001 - 200,000 118 $ 20,469,792.58 33.49 %
$200,001 - 250,000 46 $ 9,822,403.78 16.07 %
$250,001 - 300,000 1 $ 251,652.02 0.41 %
------ ---------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ================
</TABLE>
Outstanding principal balance of the smallest Mortgage Loan
at the Cut-Off Date: $29,464.13
Outstanding principal balance of the largest Mortgage Loan
at the Cut-Off Date: $251,652.02
28
<PAGE>
e)Years of initial Monthly Payment: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
PAYMENT LOANS OFF DATE POOL
------- ------ ---------------- ------------
<S> <C> <C> <C>
1997 103 $ 13,011,173.68 21.28 %
1998 366 $ 48,118,028.28 78.72 %
------ ---------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ================
</TABLE>
29
<PAGE>
f)Current Loan-to-Value Ratios: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
CURRENT NUMBER BALANCES AS OF AGGREGATE
LOAN-TO-VALUE OF OF THE CUT- BALANCE OF
RATIOS LOANS OFF DATE POOL
-------------- ------ ---------------- ------------
<S> <C> <C> <C>
60.00% OR LESS 34 $ 4,230,648.75 6.92 %
60.01-70.00% 71 $ 9,031,336.02 14.77 %
70.01-75.00% 73 $ 8,735,535.60 14.29 %
75.01-80.00% 233 $ 31,015,370.89 50.74 %
80.01-85.00% 14 $ 2,005,815.86 3.28 %
85.01-90.00% 18 $ 2,299,997.99 3.76 %
90.01-95.00% 26 $ 3,810,496.85 6.23 %
------ ---------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ================
</TABLE>
30
<PAGE>
g)Types of Mortgaged Properties: 1998-2 Group 2
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
PROPERTY OF OF THE CUT- BALANCE OF
TYPES LOANS OFF DATE POOL
------------ ------ ----------------- ------------
<S> <C> <C> <C>
SINGLE FAMILY DETACHED 302 $ 39,646,154.33 64.86 %
DUPLEX 18 $ 2,392,817.82 3.91 %
TRIPLEX 5 $ 727,071.57 1.19 %
FOURPLEX 16 $ 2,307,521.33 3.77 %
CONDOMINIUM 58 $ 5,783,259.62 9.46 %
PLANNED UNIT DEVELOPMENT 69 $ 10,206,318.37 16.70 %
MANUFACTURED HOUSING 1 $ 66,058.92 0.11 %
------ ----------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== =================
</TABLE>
31
<PAGE>
h)Geographic Distribution by state: 1998-2 Group 2
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
STATE LOANS OFF DATE POOL
-------------------- ------ ----------------- ------------
<S> <C> <C> <C>
ARIZONA 75 $ 8,665,579.49 14.18 %
CALIFORNIA 137 $ 20,150,541.49 32.96 %
COLORADO 53 $ 7,090,420.39 11.60 %
FLORIDA 4 $ 602,064.57 0.98 %
IDAHO 8 $ 1,051,549.61 1.72 %
MASSACHUSETTS 1 $ 118,266.76 0.19 %
MONTANA 4 $ 335,986.15 0.55 %
NEVADA 13 $ 1,375,713.53 2.25 %
NEW JERSEY 2 $ 393,091.50 0.64 %
NEW MEXICO 1 $ 63,708.30 0.10 %
NEW YORK 2 $ 272,273.96 0.45 %
OREGON 44 $ 5,184,529.74 8.48 %
UTAH 61 $ 7,088,211.41 11.60 %
WASHINGTON 64 $ 8,737,265.06 14.29 %
------ ----------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ===============
</TABLE>
32
<PAGE>
i)Scheduled maturity years: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
MATURITY LOANS OFF DATE POOL
-------- ------ ------------------ ------------
<S> <C> <C> <C>
2012 290 $ 38,446,738.48 62.89 %
2013 179 $ 22,682,463.48 37.11 %
------ ------------------ ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ==================
</TABLE>
Weighted average (by principal balance) remaining term
(adjusted for curtailments, except with respect to
Balloon Loans) of the Mortgage Loans calculated as of the
Cut-Off Date: 178.0
Latest scheduled maturity of any Mortgage Loan: 1/1/2013
33
<PAGE>
j)Original Terms: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
LOAN TERM OF OF THE CUT- BALANCE OF
(IN MONTHS) LOANS OFF DATE POOL
--------------- ------ ---------------- ------------
<S> <C> <C> <C>
180 469 $ 61,129,201.96 100.00 %
------ ---------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ================
</TABLE>
34
<PAGE>
k)Documentation Program Types: 1998-2 Group 2
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
LOAN TYPE LOANS OFF DATE POOL
------------------------- ------ ---------------- ------------
<S> <C> <C> <C>
NO RATIO 78 $ 9,557,775.65 15.64 %
NO DOCUMENTATION 16 $ 2,180,693.27 3.57 %
FULL DOCUMENTATION 102 $ 11,369,103.45 18.59 %
LIMITED DOCUMENTATION 273 $ 38,021,629.59 62.20 %
------ ---------------- ------------
TOTAL 469 $ 61,129,201.96 100.00 %
====== ================
</TABLE>
35
<PAGE>
a)Number of loans: 574
b)Mortgage Interest Rates: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
MORTGAGE NUMBER BALANCES AS OF AGGREGATE
INTEREST OF OF THE CUT- BALANCE OF
RATE (MIR) LOANS OFF DATE THE POOL
---------- ------ ---------------- ------------
<S> <C> <C> <C>
6.375% 1 $ 266,496.39 0.14 %
6.500% 2 $ 647,268.01 0.33 %
6.625% 2 $ 659,636.67 0.34 %
6.750% 6 $ 2,265,890.99 1.17 %
6.875% 12 $ 3,734,216.69 1.93 %
7.000% 25 $ 11,364,957.08 5.88 %
7.125% 20 $ 6,770,342.20 3.50 %
7.250% 59 $ 23,106,761.36 11.95 %
7.375% 64 $ 22,227,895.17 11.49 %
7.500% 86 $ 31,870,616.05 16.48 %
7.625% 46 $ 15,555,159.83 8.04 %
7.750% 63 $ 19,701,549.24 10.19 %
7.875% 49 $ 13,824,095.05 7.15 %
8.000% 25 $ 7,462,150.35 3.86 %
8.125% 23 $ 7,945,847.97 4.11 %
8.250% 29 $ 8,502,448.23 4.40 %
8.375% 23 $ 7,572,486.39 3.92 %
8.500% 21 $ 4,892,597.82 2.53 %
8.625% 5 $ 1,466,164.76 0.76 %
8.750% 2 $ 639,032.13 0.33 %
8.875% 7 $ 2,333,600.30 1.21 %
9.000% 4 $ 584,544.08 0.30 %
----- ---------------- -----------
TOTAL 574 $ 193,393,756.76 100.00 %
===== ================
</TABLE>
36
<PAGE>
c)Pass-Through Rates: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE
BALANCES AS WEIGHTED SCHEDULED
RANGE OF OF THE CUT- AVERAGE REMAINING TERM
PASS-THROUGH RATES OFF DATE MIRS (in months)
------------------ -------------- ----------- ----------------
<S> <C> <C> <C>
6.001 - 6.250% $ 913,764.40 6.464% 178
6.251 - 6.500% $ 2,925,527.66 6.722% 174
6.501 - 6.750% $ 15,099,173.77 6.969% 177
6.751 - 7.000% $ 29,877,103.56 7.222% 177
7.001 - 7.250% $ 54,098,511.22 7.449% 176
7.251 - 7.500% $ 35,256,709.07 7.695% 175
7.501 - 7.750% $ 21,286,245.40 7.919% 175
7.751 - 8.000% $ 16,448,296.20 8.190% 176
8.001 - 8.250% $ 12,465,084.21 8.424% 178
8.251 - 8.500% $ 2,105,196.89 8.663% 179
8.501 - 8.750% $ 2,918,144.38 8.900% 178
--------------- ------ ------
$193,393,756.76 7.618% * 176 *
===============
* Represents a weighted average (by principal balance) of all the
Mortgage Loans.
</TABLE>
37
<PAGE>
d)Original Principal Balances: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
ORIGINAL OF OF THE CUT- BALANCE OF
BALANCES LOANS OFF DATE POOL
------------------- ------ ---------------- ------------
<S> <C> <C> <C>
$ 50,000 OR LESS 13 $ 581,193.87 0.30 %
$ 50,001 - 75,000 13 $ 802,284.95 0.41 %
$ 75,001 - 100,000 8 $ 690,117.88 0.36 %
$100,001 - 150,000 0 $ .00 0.00 %
$150,001 - 200,000 0 $ .00 0.00 %
$200,001 - 250,000 88 $ 20,768,173.96 10.74 %
$250,001 - 300,000 161 $ 43,660,396.41 22.58 %
$300,001 - 350,000 90 $ 29,101,424.68 15.05 %
$350,001 - 400,000 77 $ 28,747,851.16 14.86 %
$400,001 - 450,000 34 $ 14,413,986.86 7.45 %
$450,001 - 500,000 29 $ 13,675,179.64 7.07 %
OVER $500,000 61 $ 40,953,147.35 21.18 %
------ ---------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ================
Outstanding principal balance of the smallest Mortgage Loan
at the Cut-Off Date: $43,258.68
Outstanding principal balance of the largest Mortgage Loan
at the Cut-Off Date: $1,260,000.00
</TABLE>
38
<PAGE>
e)Years of initial Monthly Payment: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
PAYMENT LOANS OFF DATE POOL
------- ------ ---------------- ------------
<S> <C> <C> <C>
1993 2 $ 373,790.71 0.19 %
1995 1 $ 262,510.05 0.14 %
1996 9 $ 3,068,468.62 1.59 %
1997 267 $ 84,133,045.93 43.50 %
1998 295 $ 105,555,941.45 54.58 %
------ ---------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ================
</TABLE>
39
<PAGE>
f)Current Loan-to-Value Ratios: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
CURRENT NUMBER BALANCES AS OF AGGREGATE
LOAN-TO-VALUE OF OF THE CUT- BALANCE OF
RATIOS LOANS OFF DATE POOL
-------------- ------ ---------------- ------------
<S> <C> <C> <C>
60.00% OR LESS 135 $ 54,118,124.36 27.98 %
60.01-70.00% 127 $ 41,428,394.51 21.42 %
70.01-75.00% 98 $ 28,835,965.06 14.91 %
75.01-80.00% 196 $ 63,725,275.27 32.95 %
80.01-85.00% 8 $ 2,459,224.22 1.27 %
85.01-90.00% 7 $ 1,986,505.31 1.03 %
90.01-95.00% 3 $ 840,268.03 0.43 %
------ ---------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ================
</TABLE>
40
<PAGE>
g)Types of Mortgaged Properties: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
PROPERTY OF OF THE CUT- BALANCE OF
TYPES LOANS OFF DATE POOL
------------ ------ ----------------- ------------
<S> <C> <C> <C>
SINGLE FAMILY DETACHED 461 $ 157,418,196.55 81.40 %
DUPLEX 5 $ 1,408,408.82 0.73 %
TRIPLEX 3 $ 1,099,397.57 0.57 %
FOURPLEX 3 $ 240,545.69 0.12 %
CONDOMINIUM 17 $ 5,810,427.84 3.00 %
PLANNED UNIT DEVELOPMENT 81 $ 26,516,456.88 13.71 %
HI-RISE CONDO 4 $ 900,323.41 0.47 %
------ ----------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== =================
</TABLE>
41
<PAGE>
h)Geographic Distribution by state: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
STATE LOANS OFF DATE POOL
-------------------- ------ ----------------- ------------
<S> <C> <C> <C>
ALABAMA 4 $ 1,029,835.39 0.53 %
ARIZONA 22 $ 7,662,356.89 3.96 %
ARKANSAS 1 $ 253,437.99 0.13 %
CALIFORNIA 215 $ 81,819,653.11 42.31 %
COLORADO 22 $ 7,458,691.73 3.86 %
CONNECTICUT 14 $ 5,438,458.37 2.81 %
DELAWARE 2 $ 667,680.96 0.35 %
FLORIDA 14 $ 4,220,330.22 2.18 %
GEORGIA 13 $ 3,159,997.28 1.63 %
HAWAII 4 $ 2,007,329.88 1.04 %
ILLINOIS 19 $ 5,114,285.57 2.64 %
INDIANA 5 $ 1,112,855.47 0.58 %
KANSAS 2 $ 737,129.38 0.38 %
KENTUCKY 6 $ 1,433,040.14 0.74 %
LOUISIANA 2 $ 906,926.69 0.47 %
MARYLAND 4 $ 1,094,576.02 0.57 %
MASSACHUSETTS 16 $ 5,864,786.19 3.03 %
MICHIGAN 14 $ 4,421,947.50 2.29 %
MINNESOTA 4 $ 1,676,292.32 0.87 %
MISSOURI 6 $ 1,789,479.48 0.93 %
MONTANA 2 $ 517,856.20 0.27 %
NEVADA 8 $ 2,664,316.35 1.38 %
NEW JERSEY 17 $ 5,868,476.08 3.03 %
NEW MEXICO 1 $ 299,022.27 0.15 %
NEW YORK 5 $ 1,539,714.14 0.80 %
NORTH CAROLINA 3 $ 1,087,988.87 0.56 %
OHIO 16 $ 3,951,695.02 2.04 %
OKLAHOMA 4 $ 2,104,546.37 1.09 %
OREGON 10 $ 3,397,812.42 1.76 %
PENNSYLVANIA 27 $ 8,521,652.91 4.41 %
RHODE ISLAND 1 $ 222,914.45 0.12 %
SOUTH CAROLINA 1 $ 318,967.36 0.16 %
TENNESSEE 8 $ 2,076,671.20 1.07 %
TEXAS 26 $ 5,333,579.68 2.76 %
UTAH 17 $ 6,082,650.76 3.15 %
VIRGINIA 5 $ 1,081,605.11 0.56 %
WASHINGTON 27 $ 8,063,768.39 4.17 %
WISCONSIN 6 $ 1,744,432.04 0.90 %
WYOMING 1 $ 646,996.56 0.33 %
------ ----------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ===============
</TABLE>
42
<PAGE>
i)Scheduled maturity years: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
MATURITY LOANS OFF DATE POOL
-------- ------ ------------------ ------------
<S> <C> <C> <C>
2005 1 $ 188,318.10 0.10 %
2006 1 $ 185,472.61 0.10 %
2007 1 $ 294,979.25 0.15 %
2010 1 $ 262,510.05 0.14 %
2011 19 $ 6,328,277.94 3.27 %
2012 386 $ 122,823,048.77 63.51 %
2013 165 $ 63,311,150.04 32.74 %
------ ------------------ ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ==================
Weighted average (by principal balance) remaining term
(adjusted for curtailments, except with respect to
Balloon Loans) of the Mortgage Loans calculated as of the
Cut-Off Date: 175.9
Latest scheduled maturity of any Mortgage Loan: 2/1/2013
</TABLE>
43
<PAGE>
j)Original Terms: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
LOAN TERM OF OF THE CUT- BALANCE OF
(IN MONTHS) LOANS OFF DATE POOL
--------------- ------ ---------------- ------------
<S> <C> <C> <C>
120 1 $ 294,979.25 0.15 %
144 1 $ 188,318.10 0.10 %
156 1 $ 185,472.61 0.10 %
180 571 $ 192,724,986.80 99.65 %
------ ---------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ================
</TABLE>
44
<PAGE>
k)Documentation Program Types: 1998-2 Group 3
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
LOAN TYPE LOANS OFF DATE POOL
------------------------- ------ ---------------- ------------
<S> <C> <C> <C>
NO RATIO 12 $ 3,575,103.69 1.85 %
NO DOCUMENTATION 5 $ 1,941,165.20 1.00
FULL DOCUMENTATION 411 $ 138,161,061.37 71.44 %
LIMITED DOCUMENTATION 146 $ 49,716,426.50 25.71 %
------ ---------------- ------------
TOTAL 574 $ 193,393,756.76 100.00 %
====== ================
</TABLE>
45
<PAGE>
a)Number of loans: 389
b)Mortgage Interest Rates: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
MORTGAGE NUMBER BALANCES AS OF AGGREGATE
INTEREST OF OF THE CUT- BALANCE OF
RATE (MIR) LOANS OFF DATE THE POOL
---------- ------ ---------------- ------------
<S> <C> <C> <C>
6.500% 1 $ 951,760.49 0.71 %
6.600% 1 $ 527,795.27 0.39 %
6.625% 3 $ 2,020,626.84 1.50 %
6.750% 8 $ 2,430,698.48 1.81 %
6.875% 33 $ 11,301,495.73 8.40 %
6.950% 1 $ 221,594.11 0.16 %
7.000% 38 $ 13,854,998.76 10.29 %
7.100% 3 $ 1,203,717.65 0.89 %
7.125% 42 $ 16,030,227.75 11.91 %
7.150% 1 $ 234,717.47 0.17 %
7.200% 1 $ 345,774.06 0.26 %
7.250% 59 $ 20,180,477.79 14.99 %
7.350% 2 $ 549,001.98 0.41 %
7.375% 35 $ 11,640,970.19 8.65 %
7.450% 1 $ 307,053.76 0.23 %
7.500% 43 $ 14,036,589.64 10.43 %
7.600% 1 $ 371,083.26 0.28 %
7.625% 46 $ 13,980,219.20 10.39 %
7.650% 1 $ 318,653.51 0.24 %
7.750% 16 $ 5,169,244.88 3.84 %
7.800% 3 $ 964,191.35 0.72 %
7.850% 1 $ 207,538.88 0.15 %
7.875% 7 $ 2,040,500.73 1.52 %
7.900% 1 $ 202,303.08 0.15 %
7.950% 1 $ 215,649.56 0.16 %
8.000% 6 $ 1,376,421.61 1.02 %
8.050% 1 $ 218,576.33 0.16 %
8.125% 4 $ 2,138,285.43 1.59 %
8.150% 1 $ 232,230.14 0.17 %
8.200% 1 $ 430,036.83 0.32 %
8.250% 4 $ 1,688,160.24 1.25 %
8.300% 1 $ 406,172.07 0.30 %
8.400% 3 $ 736,504.58 0.55 %
8.450% 1 $ 211,662.64 0.16 %
8.500% 1 $ 278,207.74 0.21 %
8.550% 1 $ 620,411.76 0.46 %
8.625% 3 $ 3,010,827.45 2.24 %
8.675% 2 $ 470,642.87 0.35 %
8.700% 2 $ 484,445.57 0.36 %
8.850% 2 $ 791,094.79 0.59 %
9.025% 1 $ 297,421.66 0.22 %
9.125% 1 $ 363,978.42 0.27 %
9.250% 1 $ 292,534.05 0.22 %
9.850% 1 $ 530,371.99 0.39 %
10.250% 1 $ 210,472.55 0.16 %
10.375% 1 $ 281,199.86 0.21 %
10.500% 1 $ 240,637.49 0.18 %
----- ---------------- -----------
TOTAL 389 $ 134,617,180.49 100.00 %
===== ================
</TABLE>
46
<PAGE>
c)Pass-Through Rates: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE
BALANCES AS WEIGHTED SCHEDULED
RANGE OF OF THE CUT- AVERAGE REMAINING TERM
PASS-THROUGH RATES OFF DATE MIRS (in months)
------------------ -------------- ----------- ----------------
<S> <C> <C> <C>
6.001 - 6.250% $ 951,760.49 6.500% 313
6.251 - 6.500% $ 4,979,120.59 6.683% 290
6.501 - 6.750% $ 25,378,088.60 6.944% 303
6.751 - 7.000% $ 37,994,914.72 7.191% 305
7.001 - 7.250% $ 26,533,615.57 7.441% 301
7.251 - 7.500% $ 19,839,200.85 7.658% 302
7.501 - 7.750% $ 5,006,605.21 7.898% 300
7.751 - 8.000% $ 4,707,288.97 8.174% 289
8.001 - 8.250% $ 1,632,547.03 8.399% 303
8.251 - 8.500% $ 4,586,327.65 8.628% 340
8.501 - 8.750% $ 1,088,516.45 8.898% 343
8.751 - 9.000% $ 656,512.47 9.181% 281
9.501 - 9.750% $ 530,371.99 9.850% 326
9.751 - 10.000% $ 210,472.55 10.250% 226
10.001 - 10.250% $ 521,837.35 10.433% 263
--------------- ------ ------
$134,617,180.49 7.415% * 303 *
===============
* Represents a weighted average (by principal balance) of all the
Mortgage Loans.
</TABLE>
47
<PAGE>
d)Original Principal Balances: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
ORIGINAL OF OF THE CUT- BALANCE OF
BALANCES LOANS OFF DATE POOL
------------------- ------ ---------------- ------------
<S> <C> <C> <C>
$200,001 - 250,000 92 $ 19,962,906.28 14.83 %
$250,001 - 300,000 97 $ 24,881,919.66 18.48 %
$300,001 - 350,000 46 $ 13,323,637.79 9.90 %
$350,001 - 400,000 39 $ 13,692,413.78 10.17 %
$400,001 - 450,000 28 $ 11,062,752.22 8.22 %
$450,001 - 500,000 31 $ 13,840,533.83 10.28 %
OVER $500,000 56 $ 37,853,016.93 28.12 %
------ ---------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ================
Outstanding principal balance of the smallest Mortgage Loan
at the Cut-Off Date: $64,610.55
Outstanding principal balance of the largest Mortgage Loan
at the Cut-Off Date: $2,415,682.81
</TABLE>
48
<PAGE>
e)Years of initial Monthly Payment: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
PAYMENT LOANS OFF DATE POOL
------- ------ ---------------- ------------
<S> <C> <C> <C>
1984 1 $ 245,901.11 0.18 %
1986 2 $ 632,339.91 0.47 %
1987 2 $ 330,126.86 0.25 %
1988 1 $ 366,729.91 0.27 %
1989 7 $ 1,824,571.71 1.36 %
1990 4 $ 1,263,412.26 0.94 %
1991 4 $ 1,334,640.63 0.99 %
1992 52 $ 17,986,783.62 13.36 %
1993 173 $ 57,228,604.80 42.51 %
1994 130 $ 47,329,639.22 35.16 %
1995 3 $ 1,056,675.70 0.78 %
1996 6 $ 1,985,103.01 1.47 %
1997 4 $ 3,032,651.75 2.25 %
------ ---------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ================
</TABLE>
49
<PAGE>
f)Current Loan-to-Value Ratios: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
CURRENT NUMBER BALANCES AS OF AGGREGATE
LOAN-TO-VALUE OF OF THE CUT- BALANCE OF
RATIOS LOANS OFF DATE POOL
-------------- ------ ---------------- ------------
<S> <C> <C> <C>
60.00% OR LESS 104 $ 39,208,877.47 29.13 %
60.01-70.00% 112 $ 39,910,936.44 29.65 %
70.01-75.00% 95 $ 30,219,383.88 22.45 %
75.01-80.00% 78 $ 25,277,982.70 18.78 %
------ ---------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ================
</TABLE>
50
<PAGE>
g)Types of Mortgaged Properties: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
PROPERTY OF OF THE CUT- BALANCE OF
TYPES LOANS OFF DATE POOL
------------ ------ ----------------- ------------
<S> <C> <C> <C>
SINGLE FAMILY DETACHED 362 $ 126,612,321.11 94.05 %
DUPLEX 1 $ 208,896.95 0.16 %
TRIPLEX 2 $ 466,514.48 0.35 %
FOURPLEX 1 $ 393,772.46 0.29 %
TOWNHOUSE 5 $ 1,826,977.12 1.36 %
CONDOMINIUM 18 $ 5,108,698.37 3.79 %
------ ----------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== =================
</TABLE>
51
<PAGE>
h)Geographic Distribution by state: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
STATE LOANS OFF DATE POOL
-------------------- ------ ----------------- ------------
<S> <C> <C> <C>
ARIZONA 3 $ 896,443.50 0.67 %
CALIFORNIA 2 $ 2,678,286.85 1.99 %
CONNECTICUT 2 $ 994,991.66 0.74 %
ILLINOIS 361 $ 123,080,907.08 91.43 %
INDIANA 8 $ 2,534,858.46 1.88 %
MARYLAND 1 $ 228,599.15 0.17 %
MASSACHUSETTS 1 $ 561,903.06 0.42 %
MICHIGAN 7 $ 1,794,369.86 1.33 %
NEW MEXICO 1 $ 292,534.05 0.22 %
NEW YORK 3 $ 1,554,286.82 1.15 %
------ ----------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ===============
</TABLE>
52
<PAGE>
i)Scheduled maturity years: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
MATURITY LOANS OFF DATE POOL
-------- ------ ------------------ ------------
<S> <C> <C> <C>
2007 2 $ 199,647.63 0.15 %
2009 2 $ 387,188.27 0.29 %
2010 1 $ 307,053.76 0.23 %
2011 3 $ 980,021.92 0.73 %
2013 1 $ 366,729.91 0.27 %
2014 1 $ 245,901.11 0.18 %
2016 3 $ 842,812.46 0.63 %
2018 1 $ 435,089.17 0.32 %
2019 8 $ 2,132,658.17 1.58 %
2020 3 $ 1,426,890.43 1.06 %
2021 6 $ 1,947,310.58 1.45 %
2022 57 $ 18,927,269.95 14.06 %
2023 185 $ 62,392,333.02 46.35 %
2024 104 $ 38,098,169.72 28.30 %
2025 3 $ 1,056,675.70 0.78 %
2026 6 $ 1,985,103.01 1.47 %
2027 3 $ 2,886,325.68 2.14 %
------ ------------------ ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ==================
Weighted average (by principal balance) remaining term
(adjusted for curtailments) of the Mortgage Loans
calculated as of the Cut-Off Date: 295.5
Latest scheduled maturity of any Mortgage Loan: 11/1/2027
</TABLE>
53
<PAGE>
j)Original Terms: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
LOAN TERM OF OF THE CUT- BALANCE OF
(IN MONTHS) LOANS OFF DATE POOL
--------------- ------ ---------------- ------------
<S> <C> <C> <C>
180 2 $ 353,163.53 0.26 %
205 1 $ 307,053.76 0.23 %
206 1 $ 79,993.32 0.06 %
212 1 $ 305,900.58 0.23 %
224 1 $ 527,795.27 0.39 %
240 2 $ 300,005.12 0.22 %
300 1 $ 366,729.91 0.27 %
315 1 $ 308,086.46 0.23 %
360 379 $ 132,068,452.54 98.11 %
------ ---------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ================
</TABLE>
54
<PAGE>
k)Documentation Program Types: 1998-2 Group 4
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
LOAN TYPE LOANS OFF DATE POOL
------------------------- ------ ---------------- ------------
<S> <C> <C> <C>
FULL DOCUMENTATION 389 $ 134,617,180.49 100.00 %
------ ---------------- ------------
TOTAL 389 $ 134,617,180.49 100.00 %
====== ================
</TABLE>
55
<PAGE>
a)Number of loans: 1413
b)Mortgage Interest Rates: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
MORTGAGE NUMBER BALANCES AS OF AGGREGATE
INTEREST OF OF THE CUT- BALANCE OF
RATE (MIR) LOANS OFF DATE THE POOL
---------- ------ ---------------- ------------
<S> <C> <C> <C>
6.875% 2 $ 889,768.11 0.20 %
7.000% 18 $ 7,457,951.71 1.67 %
7.100% 1 $ 263,354.42 0.06 %
7.125% 9 $ 3,627,246.52 0.81 %
7.250% 62 $ 20,962,511.33 4.70 %
7.300% 1 $ 254,999.21 0.06 %
7.375% 75 $ 28,747,753.82 6.44 %
7.500% 131 $ 47,436,155.67 10.62 %
7.625% 128 $ 45,306,171.32 10.15 %
7.750% 185 $ 63,591,780.96 14.24 %
7.800% 1 $ 334,293.22 0.07 %
7.850% 2 $ 571,399.01 0.13 %
7.875% 296 $ 99,938,860.23 22.38 %
7.900% 2 $ 507,496.91 0.11 %
7.950% 2 $ 585,409.33 0.13 %
8.000% 126 $ 39,186,691.10 8.78 %
8.125% 72 $ 20,786,425.52 4.66 %
8.150% 1 $ 375,425.50 0.08 %
8.250% 85 $ 21,428,206.99 4.80 %
8.375% 52 $ 12,229,959.65 2.74 %
8.500% 65 $ 15,116,694.19 3.39 %
8.625% 25 $ 5,691,421.80 1.27 %
8.750% 35 $ 6,139,152.32 1.38 %
8.875% 11 $ 1,953,846.15 0.44 %
9.000% 7 $ 860,399.97 0.19 %
9.125% 9 $ 1,084,299.35 0.24 %
9.250% 8 $ 1,005,555.84 0.23 %
9.500% 1 $ 66,534.22 0.01 %
10.500% 1 $ 71,243.09 0.02 %
----- ---------------- -----------
TOTAL 1413 $ 446,471,007.46 100.00 %
===== ================
</TABLE>
56
<PAGE>
c)Pass-Through Rates: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE WEIGHTED AVERAGE
BALANCES AS WEIGHTED SCHEDULED
RANGE OF OF THE CUT- AVERAGE REMAINING TERM
PASS-THROUGH RATES OFF DATE MIRS (in months)
------------------ -------------- ----------- ----------------
<S> <C> <C> <C>
6.501 - 6.750% $ 8,347,719.82 6.987% 358
6.751 - 7.000% $ 25,108,111.48 7.231% 354
7.001 - 7.250% $ 76,183,909.49 7.453% 359
7.251 - 7.500% $109,232,245.50 7.698% 358
7.501 - 7.750% $140,789,856.58 7.910% 356
7.751 - 8.000% $ 42,590,058.01 8.188% 358
8.001 - 8.250% $ 27,346,653.84 8.444% 358
8.251 - 8.500% $ 11,830,574.12 8.690% 358
8.501 - 8.750% $ 2,814,246.12 8.913% 358
8.751 - 9.000% $ 2,089,855.19 9.185% 358
9.001 - 9.250% $ 66,534.22 9.500% 358
10.001 - 10.250% $ 71,243.09 10.500% 358
--------------- ------ ------
$446,471,007.46 7.818% * 357 *
===============
</TABLE>
* Represents a weighted average (by principal balance) of all the
Mortgage Loans.
57
<PAGE>
d)Original Principal Balances: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
ORIGINAL OF OF THE CUT- BALANCE OF
BALANCES LOANS OFF DATE POOL
------------------- ------ ---------------- ------------
<S> <C> <C> <C>
$ 50,000 OR LESS 28 $ 1,120,879.89 0.25 %
$ 50,001 - 75,000 33 $ 2,056,407.91 0.46 %
$ 75,001 - 100,000 37 $ 3,121,891.85 0.70 %
$100,001 - 150,000 16 $ 1,938,636.28 0.43 %
$150,001 - 200,000 3 $ 461,981.94 0.10 %
$200,001 - 250,000 246 $ 59,034,230.09 13.22 %
$250,001 - 300,000 444 $ 121,806,803.59 27.28 %
$300,001 - 350,000 261 $ 84,293,865.11 18.88 %
$350,001 - 400,000 134 $ 50,257,604.15 11.26 %
$400,001 - 450,000 41 $ 17,623,004.07 3.95 %
$450,001 - 500,000 48 $ 22,893,113.64 5.13 %
OVER $500,000 122 $ 81,862,588.94 18.34 %
------ ---------------- ------------
TOTAL 1,413 $ 446,471,007.46 100.00 %
====== ================
</TABLE>
Outstanding principal balance of the smallest Mortgage Loan
at the Cut-Off Date: $23,552.17
Outstanding principal balance of the largest Mortgage Loan
at the Cut-Off Date: $1,497,980.35
58
<PAGE>
e)Years of initial Monthly Payment: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
PAYMENT LOANS OFF DATE POOL
------- ------ ---------------- ------------
<S> <C> <C> <C>
1992 1 $ 297,642.37 0.07 %
1993 1 $ 226,792.16 0.05 %
1994 1 $ 263,354.42 0.06 %
1997 425 $ 137,782,868.30 30.86 %
1998 985 $ 307,900,350.21 68.96 %
------ ---------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ================
</TABLE>
59
<PAGE>
f)Current Loan-to-Value Ratios: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
CURRENT NUMBER BALANCES AS OF AGGREGATE
LOAN-TO-VALUE OF OF THE CUT- BALANCE OF
RATIOS LOANS OFF DATE POOL
-------------- ------ ---------------- ------------
<S> <C> <C> <C>
60.00% OR LESS 137 $ 48,370,792.50 10.83 %
60.01-70.00% 175 $ 64,582,726.54 14.47 %
70.01-75.00% 232 $ 76,870,397.45 17.22 %
75.01-80.00% 673 $ 207,957,019.97 46.58 %
80.01-85.00% 37 $ 10,954,534.88 2.45 %
85.01-90.00% 119 $ 27,561,501.38 6.17 %
90.01-95.00% 40 $ 10,174,034.74 2.28 %
------ ---------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ================
</TABLE>
60
<PAGE>
g)Types of Mortgaged Properties: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
PROPERTY OF OF THE CUT- BALANCE OF
TYPES LOANS OFF DATE POOL
------------ ------ ----------------- ------------
<S> <C> <C> <C>
SINGLE FAMILY DETACHED 1066 $ 347,645,779.86 77.87 %
DUPLEX 33 $ 6,925,183.43 1.55 %
TRIPLEX 13 $ 2,212,214.73 0.50 %
FOURPLEX 9 $ 1,405,524.96 0.31 %
TOWNHOUSE 1 $ 334,735.14 0.07 %
CONDOMINIUM 40 $ 8,440,684.99 1.89 %
PLANNED UNIT DEVELOPMENT 244 $ 77,855,850.78 17.44 %
HI-RISE CONDO 4 $ 1,106,889.47 0.25 %
MANUFACTURED HOUSING 2 $ 155,470.11 0.03 %
HOUSING COOPERATIVES 1 $ 388,673.99 0.09 %
------ ----------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== =================
</TABLE>
61
<PAGE>
h)Geographic Distribution by state: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
STATE LOANS OFF DATE POOL
-------------------- ------ ----------------- ------------
<S> <C> <C> <C>
ALABAMA 4 $ 1,038,118.04 0.23 %
ARIZONA 43 $ 9,789,114.55 2.19 %
ARKANSAS 1 $ 324,764.77 0.07 %
CALIFORNIA 645 $ 218,396,637.85 48.92 %
COLORADO 69 $ 18,622,029.62 4.17 %
CONNECTICUT 21 $ 8,004,998.79 1.79 %
DELAWARE 1 $ 239,153.83 0.05 %
FLORIDA 51 $ 15,937,114.29 3.57 %
GEORGIA 34 $ 9,505,830.96 2.13 %
IDAHO 11 $ 1,275,233.44 0.29 %
ILLINOIS 60 $ 20,514,745.82 4.59 %
INDIANA 8 $ 2,708,558.98 0.61 %
KANSAS 1 $ 360,000.00 0.08 %
KENTUCKY 9 $ 2,453,646.78 0.55 %
LOUISIANA 1 $ 234,769.52 0.05 %
MAINE 2 $ 529,000.00 0.12 %
MARYLAND 21 $ 7,675,902.94 1.72 %
MASSACHUSETTS 58 $ 18,967,664.05 4.25 %
MICHIGAN 15 $ 4,178,364.77 0.94 %
MINNESOTA 7 $ 1,804,311.35 0.40 %
MISSOURI 6 $ 1,251,033.85 0.28 %
MONTANA 15 $ 1,049,331.04 0.24 %
NEBRASKA 1 $ 318,968.97 0.07 %
NEVADA 22 $ 6,355,034.75 1.42 %
NEW HAMPSHIRE 3 $ 1,338,367.30 0.30 %
NEW JERSEY 43 $ 13,588,389.00 3.04 %
NEW MEXICO 3 $ 671,591.53 0.15 %
NEW YORK 21 $ 8,817,287.09 1.97 %
NORTH CAROLINA 22 $ 5,802,715.66 1.30 %
OHIO 15 $ 4,879,275.68 1.09 %
OKLAHOMA 6 $ 1,864,814.35 0.42 %
OREGON 26 $ 5,297,008.48 1.19 %
PENNSYLVANIA 20 $ 8,222,172.54 1.84 %
RHODE ISLAND 3 $ 1,591,392.25 0.36 %
SOUTH CAROLINA 3 $ 1,030,235.34 0.23 %
TENNESSEE 6 $ 1,474,988.11 0.33 %
TEXAS 32 $ 10,835,852.46 2.43 %
UTAH 12 $ 3,784,896.31 0.85 %
VERMONT 1 $ 478,326.47 0.11 %
VIRGINIA 10 $ 3,134,734.39 0.70 %
WASHINGTON 64 $ 16,923,654.12 3.79 %
WEST VIRGINIA 1 $ 299,765.97 0.07 %
WISCONSIN 15 $ 4,554,450.25 1.02 %
WYOMING 1 $ 346,761.20 0.08 %
------ ----------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ===============
</TABLE>
62
<PAGE>
i)Scheduled maturity years: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
YEAR NUMBER BALANCES AS OF AGGREGATE
OF OF OF THE CUT- BALANCE OF
MATURITY LOANS OFF DATE POOL
-------- ------ ------------------ ------------
<S> <C> <C> <C>
2017 2 $ 511,136.74 0.11 %
2018 3 $ 804,796.20 0.18 %
2023 2 $ 586,365.06 0.13 %
2024 1 $ 263,354.42 0.06 %
2026 2 $ 632,529.16 0.14 %
2027 861 $ 276,103,448.21 61.84 %
2028 542 $ 167,569,377.67 37.53 %
------ ------------------ ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ==================
</TABLE>
Weighted average (by principal balance) remaining term
(adjusted for curtailments) of the Mortgage Loans
calculated as of the Cut-Off Date: 356.9
Latest scheduled maturity of any Mortgage Loan: 2/1/2028
63
<PAGE>
j)Original Terms: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
LOAN TERM OF OF THE CUT- BALANCE OF
(IN MONTHS) LOANS OFF DATE POOL
--------------- ------ ---------------- ------------
<S> <C> <C> <C>
240 4 $ 1,018,290.57 0.23 %
300 1 $ 359,572.90 0.08 %
336 1 $ 325,000.00 0.07 %
346 1 $ 307,529.16 0.07 %
352 1 $ 283,282.86 0.06 %
353 1 $ 309,775.56 0.07 %
355 1 $ 229,831.76 0.05 %
360 1403 $ 443,637,724.65 99.37 %
------ ---------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ================
</TABLE>
64
<PAGE>
k)Documentation Program Types: 1998-2 Group 5
<TABLE>
<CAPTION>
AGGREGATE PERCENTAGE
NUMBER BALANCES AS OF AGGREGATE
OF OF THE CUT- BALANCE OF
LOAN TYPE LOANS OFF DATE POOL
------------------------- ------ ---------------- ------------
<S> <C> <C> <C>
NO RATIO 42 $ 12,348,745.30 2.77 %
NO DOCUMENTATION 16 $ 4,431,781.67 0.99 %
FULL DOCUMENTATION 1124 $ 366,143,190.70 82.01 %
LIMITED DOCUMENTATION 231 $ 63,547,289.79 14.23 %
------ ---------------- ------------
TOTAL 1413 $ 446,471,007.46 100.00 %
====== ================
</TABLE>
65
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is furnished herewith:
4.1 Pooling and Servicing Agreement between PNC Mortgage Securities
Corp., Depositor and Master Servicer, and U.S. Bank National
Association, Trustee, dated as of February 1, 1998.
66
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: February 27, 1998.
PNC MORTGAGE SECURITIES
CORP.
(Registrant)
By: \s\ Thomas G. Lehmann
--------------------------------
Thomas G. Lehmann
Vice President
(Authorized Officer)
67
<PAGE>
EXHIBIT 4.1
EXECUTION COPY
PNC MORTGAGE SECURITIES CORP.,
as Depositor and Master Servicer
and
U.S. BANK
NATIONAL ASSOCIATION,
as Trustee
POOLING AND SERVICING AGREEMENT
$1,054,279,136.84
PNC Mortgage Securities Corp.
Mortgage Pass-Through Certificates
Series 1998-2
Cut-Off Date: February 1, 1998
<PAGE>
TABLE OF CONTENTS
PAGE
ARTICLE I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Section 1.01. Definitions . . . . . . . . . . . . . . . . . . . . . . .4
Accretion Directed Classes . . . . . . . . . . . . . . . . . . . . . . . . . .4
Aggregate Certificate Principal Balance. . . . . . . . . . . . . . . . . . . .4
Appraised Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Assignment of Proprietary Lease. . . . . . . . . . . . . . . . . . . . . . . .4
Authenticating Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Authorized Denomination. . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Available Distribution Amount. . . . . . . . . . . . . . . . . . . . . . . . .4
Balloon Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
Bankruptcy Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
Bankruptcy Coverage Initial Amount . . . . . . . . . . . . . . . . . . . . . .6
Bankruptcy Loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Beneficial Holder. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Book-Entry Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Business Day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Buydown Agreement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Buydown Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Buydown Fund Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6
Buydown Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Certificate Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Certificate Distribution Amount. . . . . . . . . . . . . . . . . . . . . . . .7
Certificate Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Certificate Principal Balance. . . . . . . . . . . . . . . . . . . . . . . . 24
Certificateholder or Holder. . . . . . . . . . . . . . . . . . . . . . . . . 24
Certificate Register and Certificate Registrar . . . . . . . . . . . . . . . 24
Class. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Class A Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class C-B-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
-i-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
Class C-B-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class C-B-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class C-B-4 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class C-B-5 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class C-B-6 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class P Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class P Fraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class P Mortgage Loan. . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class X Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class I-A-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class I-P Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class I-P Fraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class I-P Mortgage Loan. . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Class I-X Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class I-X Notional Amount. . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-A-1 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-P Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-P Fraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-P Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-X Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class II-X Notional Amount . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class III-A-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class III-A-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class III-A-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class III-A-4 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 26
Class III-A-5 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-A-6 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-A-7 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-A-7 Liquidation Amount . . . . . . . . . . . . . . . . . . . . . . 27
Class III-A-7 Lockout Principal Distribution Amount. . . . . . . . . . . . . 27
Class III-A-7 Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . 27
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Class III-A-7 Prepayment Percentage. . . . . . . . . . . . . . . . . . . . . 27
Class III-B-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-B-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-B-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-B-4 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 27
Class III-B-5 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-B-6 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-P Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-P Fraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-P Mortgage Loan. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-X Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class III-X Notional Amount. . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-A-1 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-A-2 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-1 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-2 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-3 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-4 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-5 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 28
Class IV-B-6 Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class IV-P Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class IV-P Fraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class IV-P Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class IV-X Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class IV-X Notional Amount . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-3 Adjusted Percentage. . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-3 Liquidation Amount . . . . . . . . . . . . . . . . . . . . . . . 29
Class V-A-3 Lockout Principal Distribution Amount. . . . . . . . . . . . . . 29
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Class V-A-3 Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-A-3 Prepayment Percentage. . . . . . . . . . . . . . . . . . . . . . 30
Class V-A-4 Accretion Termination Date . . . . . . . . . . . . . . . . . . . 30
Class V-A-4 Accrual Amount . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-A-4 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-A-5 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-4 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-5 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-B-6 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-X-1 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-X-1 Notional Amount. . . . . . . . . . . . . . . . . . . . . . . . . 30
Class V-X-1 Premium Rate Mortgage Loans. . . . . . . . . . . . . . . . . . . 31
Class V-X-2 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Class V-X-2 Notional Amount. . . . . . . . . . . . . . . . . . . . . . . . . 31
Class V-X-2 Premium Rate Mortgage Loans. . . . . . . . . . . . . . . . . . . 31
Class Notional Amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Class Principal Balance. . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Class R Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Clearing Agency. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Closing Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Combined Credit Support Depletion Date . . . . . . . . . . . . . . . . . . . 32
Company. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Compensating Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Cooperative. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Cooperative Apartment. . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Cooperative Lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Cooperative Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
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Cooperative Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Cooperative Stock Certificate. . . . . . . . . . . . . . . . . . . . . . . . 33
Corporate Trust Office . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Curtailment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Curtailment Shortfall. . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Custodial Account for P&I. . . . . . . . . . . . . . . . . . . . . . . . . . 33
Custodial Account for Reserves . . . . . . . . . . . . . . . . . . . . . . . 33
Custodial Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Custodian. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Cut-Off Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
DCR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Definitive Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Depositary Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Destroyed Mortgage Note. . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Determination Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Disqualified Organization. . . . . . . . . . . . . . . . . . . . . . . . . . 34
Distribution Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
DTC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
DTC Participant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Due Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Eligible Institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Eligible Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
ERISA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Event of Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Excess Liquidation Proceeds. . . . . . . . . . . . . . . . . . . . . . . . . 36
FDIC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
FHA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
FHLB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
FHLMC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
FNMA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Fraud Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
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PAGE
Fraud Coverage Initial Amount. . . . . . . . . . . . . . . . . . . . . . . . 37
Fraud Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Group C-B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Group C-B Loan Group Component Balance . . . . . . . . . . . . . . . . . . . 37
Group C-B Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Group C-B Subordinate Liquidation Amount . . . . . . . . . . . . . . . . . . 38
Group C-B Subordinate Principal Distribution Amount. . . . . . . . . . . . . 38
Group I Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Group I Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Group I Premium Rate Mortgage Loans. . . . . . . . . . . . . . . . . . . . . 39
Group I Senior Liquidation Amount. . . . . . . . . . . . . . . . . . . . . . 39
Group I Senior Percentage. . . . . . . . . . . . . . . . . . . . . . . . . . 39
Group I Senior Prepayment Percentage or Group II Senior Prepayment
Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Group I Senior Principal Distribution Amount . . . . . . . . . . . . . . . . 40
Group I Subordinate Percentage . . . . . . . . . . . . . . . . . . . . . . . 41
Group I Subordinate Prepayment Percentage. . . . . . . . . . . . . . . . . . 41
Group I Subordinate Principal Prepayments Distribution Amount. . . . . . . . 41
Group II Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Group II Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Group II Premium Rate Mortgage Loans . . . . . . . . . . . . . . . . . . . . 41
Group II Senior Liquidation Amount . . . . . . . . . . . . . . . . . . . . . 41
Group II Senior Percentage . . . . . . . . . . . . . . . . . . . . . . . . . 41
Group II Senior Principal Distribution Amount. . . . . . . . . . . . . . . . 41
Group II Subordinate Percentage. . . . . . . . . . . . . . . . . . . . . . . 42
Group II Subordinate Prepayment Percentage . . . . . . . . . . . . . . . . . 42
Group II Subordinate Principal Prepayments Distribution Amount . . . . . . . 42
Group III Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Group III-A Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Group III-B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Group III Credit Support Depletion Date. . . . . . . . . . . . . . . . . . . 42
Group III Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
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Group III Premium Rate Mortgage Loans. . . . . . . . . . . . . . . . . . . . 42
Group III Senior Certificates. . . . . . . . . . . . . . . . . . . . . . . . 42
Group III Senior Liquidation Amount. . . . . . . . . . . . . . . . . . . . . 42
Group III Senior Percentage. . . . . . . . . . . . . . . . . . . . . . . . . 43
Group III Senior Prepayment Percentage . . . . . . . . . . . . . . . . . . . 43
Group III Senior Principal Distribution Amount . . . . . . . . . . . . . . . 44
Group III Subordinate Liquidation Amount . . . . . . . . . . . . . . . . . . 44
Group III Subordinate Percentage . . . . . . . . . . . . . . . . . . . . . . 44
Group III Subordinate Prepayment Percentage. . . . . . . . . . . . . . . . . 44
Group III Subordinate Principal Distribution Amount. . . . . . . . . . . . . 44
Group III Subordinate Principal Prepayments Distribution Amount. . . . . . . 45
Group IV Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Group IV-A Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Group IV-B Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Group IV Credit Support Depletion Date . . . . . . . . . . . . . . . . . . . 45
Group IV Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Group IV Premium Rate Mortgage Loans . . . . . . . . . . . . . . . . . . . . 45
Group IV Senior Certificates . . . . . . . . . . . . . . . . . . . . . . . . 46
Group IV Senior Liquidation Amount . . . . . . . . . . . . . . . . . . . . . 46
Group IV Senior Percentage . . . . . . . . . . . . . . . . . . . . . . . . . 46
Group IV Senior Prepayment Percentage. . . . . . . . . . . . . . . . . . . . 46
Group IV Senior Principal Distribution Amount. . . . . . . . . . . . . . . . 47
Group IV Subordinate Liquidation Amount. . . . . . . . . . . . . . . . . . . 47
Group IV Subordinate Percentage. . . . . . . . . . . . . . . . . . . . . . . 47
Group IV Subordinate Prepayment Percentage . . . . . . . . . . . . . . . . . 47
Group IV Subordinate Principal Distribution Amount . . . . . . . . . . . . . 48
Group IV Subordinate Principal Prepayments Distribution Amount . . . . . . . 48
Group V Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Group V-A Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Group V-B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
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PAGE
Group V Senior Certificates. . . . . . . . . . . . . . . . . . . . . . . . . 48
Group V Credit Support Depletion Date. . . . . . . . . . . . . . . . . . . . 49
Group V Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Group V Senior Liquidation Amount. . . . . . . . . . . . . . . . . . . . . . 49
Group V Senior Percentage. . . . . . . . . . . . . . . . . . . . . . . . . . 49
Group V Senior Prepayment Percentage . . . . . . . . . . . . . . . . . . . . 49
Group V Senior Principal Distribution Amount . . . . . . . . . . . . . . . . 50
Group V Subordinate Liquidation Amount . . . . . . . . . . . . . . . . . . . 50
Group V Subordinate Percentage . . . . . . . . . . . . . . . . . . . . . . . 50
Group V Subordinate Prepayment Percentage. . . . . . . . . . . . . . . . . . 50
Group V Subordinate Principal Distribution Amount. . . . . . . . . . . . . . 50
Group V Subordinate Principal Prepayments Distribution Amount. . . . . . . . 51
Indirect DTC Participants. . . . . . . . . . . . . . . . . . . . . . . . . . 51
Insurance Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Interest Distribution Amount . . . . . . . . . . . . . . . . . . . . . . . . 51
Investment Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Investment Depository. . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Junior Subordinate Certificate . . . . . . . . . . . . . . . . . . . . . . . 52
Lender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Liquidated Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Liquidation Principal. . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Liquidation Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group IV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan Group V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Loan-to-Value Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Master Servicer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Master Servicing Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Monthly P&I Advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
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PAGE
Monthly Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Mortgage File . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Mortgage Interest Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Mortgage Loan Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Mortgage Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Mortgage Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Mortgage Pool . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Mortgaged Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Mortgagor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Nonrecoverable Advance . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Non-U.S. Person. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
OTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Officer's Certificate. . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Opinion of Counsel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Original Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Ownership Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Pass-Through Entity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Pass-Through Rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Paying Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Payoff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Payoff Earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Payoff Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Payoff Period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Percentage Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Permitted Transferee . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
Person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
Prepaid Monthly Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Primary Insurance Policy . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Principal Balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Principal Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
-ix-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
Principal Payment Amount . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Principal Prepayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Principal Prepayment Amount. . . . . . . . . . . . . . . . . . . . . . . . . 60
Prior Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Pro Rata Allocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Purchase Obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
Qualified Insurer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Rating Agency. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Ratings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Realized Loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Record Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
Reference Banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
Regular Interest Certificates. . . . . . . . . . . . . . . . . . . . . . . . 66
REMIC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
REMIC Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Remittance Rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Residual Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Residual Distribution Amount . . . . . . . . . . . . . . . . . . . . . . . . 66
Responsible Officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
S&P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Securities Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Security Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
Selling and Servicing Contract . . . . . . . . . . . . . . . . . . . . . . . 66
Senior Certificates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Senior Subordinate Certificates. . . . . . . . . . . . . . . . . . . . . . . 67
Servicer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Servicing Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Servicing Officer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Special Hazard Coverage. . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Special Hazard Coverage Initial Amount . . . . . . . . . . . . . . . . . . . 68
-x-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
Special Hazard Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Step Down Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Stripped Interest Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Subordinate Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Subordination Level. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Substitute Mortgage Loan . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Tax Matters Person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Termination Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Termination Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Transferee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Transferee Affidavit and Agreement . . . . . . . . . . . . . . . . . . . . . 70
Trust. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Trustee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Uncollected Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Uncompensated Interest Shortfall . . . . . . . . . . . . . . . . . . . . . . 70
Underwriting Standards . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
Uninsured Cause. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
U.S. Person. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
VA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
Withdrawal Date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
ARTICLE II Conveyance of the Trust Fund; REMIC Election and
Designations; Original Issuance of Certificates . . . . 71
Section 2.01. Conveyance of the Trust Fund; REMIC Election and
Designations. . . . . . . . . . . . . . . . . . . . . . 71
Section 2.02. Acceptance by Trustee . . . . . . . . . . . . . . . . . 76
Section 2.03. Representations and Warranties of the Company
Concerning the Mortgage Loans . . . . . . . . . . . . . 77
Section 2.04. Acknowledgment of Transfer of Trust Fund;
Authentication of the Certificates. . . . . . . . . . . 83
ARTICLE III Administration and Servicing of Mortgage Loans. . . . . 83
Section 3.01. The Company to Act as Master Servicer . . . . . . . . . 83
-xi-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
Section 3.02. Custodial Accounts. . . . . . . . . . . . . . . . . . . 85
Section 3.03. The Investment Account; Eligible Investments. . . . . . 85
Section 3.04. The Certificate Account . . . . . . . . . . . . . . . . 86
Section 3.05. Permitted Withdrawals from the Certificate Account,
the Investment Account and Custodial Accounts for P&I
and of Buydown Funds from the Buydown Fund Accounts . . 87
Section 3.06. Maintenance of Primary Insurance Policies; Collections
Thereunder. . . . . . . . . . . . . . . . . . . . . . . 88
Section 3.07. Maintenance of Hazard Insurance . . . . . . . . . . . . 89
Section 3.08. Enforcement of Due-on-Sale Clauses; Assumption
Agreements. . . . . . . . . . . . . . . . . . . . . . . 89
Section 3.09. Realization Upon Defaulted Mortgage Loans . . . . . . . 90
Section 3.10. Trustee to Cooperate; Release of Mortgage Files . . . . 92
Section 3.11. Compensation to the Master Servicer and the Servicers . 92
Section 3.12. Reports to the Trustee; Certificate Account Statement . 93
Section 3.13. Annual Statement as to Compliance . . . . . . . . . . . 93
Section 3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans. . . . . . . . . . . . . . 93
Section 3.15. Annual Independent Public Accountants' Servicing
Report. . . . . . . . . . . . . . . . . . . . . . . . . 94
Section 3.16. [Reserved]. . . . . . . . . . . . . . . . . . . . . . . 94
Section 3.17. [Reserved.] . . . . . . . . . . . . . . . . . . . . . . 94
Section 3.18. [Reserved.] . . . . . . . . . . . . . . . . . . . . . . 94
Section 3.19. [Reserved.] . . . . . . . . . . . . . . . . . . . . . . 94
Section 3.20. Assumption or Termination of Selling and Servicing
Contracts by Trustee. . . . . . . . . . . . . . . . . . 94
ARTICLE IV Payments to Certificateholders; Payment of Expenses . . 94
Section 4.01. Distributions to Certificateholders . . . . . . . . . . 94
Section 4.02. Statements to Certificateholders. . . . . . . . . . . . 95
Section 4.03. Advances by the Master Servicer; Distribution Reports
to the Trustee. . . . . . . . . . . . . . . . . . . . . 96
Section 4.04. Nonrecoverable Advances . . . . . . . . . . . . . . . . 98
ARTICLE V The Certificates. . . . . . . . . . . . . . . . . . . . 98
Section 5.01. The Certificates. . . . . . . . . . . . . . . . . . . . 98
Section 5.02. Certificates Issuable in Classes; Distributions of
Principal and Interest; Authorized Denominations. . . .104
-xii-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
Section 5.03. Registration of Transfer and Exchange of Certificates .104
Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates . . .105
Section 5.05. Persons Deemed Owners . . . . . . . . . . . . . . . . .105
Section 5.06. Temporary Certificates. . . . . . . . . . . . . . . . .105
Section 5.07. Book-Entry for Book-Entry Certificates. . . . . . . . .106
Section 5.08. Notices to Clearing Agency. . . . . . . . . . . . . . .107
Section 5.09. Definitive Certificates . . . . . . . . . . . . . . . .107
Section 5.10. Office for Transfer of Certificates . . . . . . . . . .107
ARTICLE VI The Company and the Master Servicer . . . . . . . . . .108
Section 6.01. Liability of the Company and the Master Servicer. . . .108
Section 6.02. Merger or Consolidation of the Company, or the Master
Servicer. . . . . . . . . . . . . . . . . . . . . . . .108
Section 6.03. Limitation on Liability of the Company, the Master
Servicer and Others . . . . . . . . . . . . . . . . . .108
Section 6.04. The Company and the Master Servicer not to Resign . . .108
ARTICLE VII Default . . . . . . . . . . . . . . . . . . . . . . . .109
Section 7.01. Events of Default . . . . . . . . . . . . . . . . . . .109
Section 7.02. Trustee to Act; Appointment of Successor. . . . . . . .112
Section 7.03. Notification to Certificateholders. . . . . . . . . . .112
ARTICLE VIII Concerning the Trustee. . . . . . . . . . . . . . . . .112
Section 8.01. Duties of Trustee . . . . . . . . . . . . . . . . . . .112
Section 8.02. Certain Matters Affecting the Trustee . . . . . . . . .114
Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans .114
Section 8.04. Trustee May Own Certificates. . . . . . . . . . . . . .115
Section 8.05. The Master Servicer to Pay Trustee's Fees and Expenses.115
Section 8.06. Eligibility Requirements for Trustee. . . . . . . . . .115
Section 8.07. Resignation and Removal of Trustee. . . . . . . . . . .115
Section 8.08. Successor Trustee . . . . . . . . . . . . . . . . . . .116
Section 8.09. Merger or Consolidation of Trustee. . . . . . . . . . .116
Section 8.10. Appointment of Co-Trustee or Separate Trustee . . . . .117
Section 8.11. Authenticating Agents . . . . . . . . . . . . . . . . .118
Section 8.12. Paying Agents . . . . . . . . . . . . . . . . . . . . .118
-xiii-
<PAGE>
TABLE OF CONTENTS
(continued)
PAGE
ARTICLE IX Termination . . . . . . . . . . . . . . . . . . . . . .119
Section 9.01. Termination Upon Repurchase by the Company or
Liquidation of All Mortgage Loans . . . . . . . . . . .119
Section 9.02. Additional Termination Requirements . . . . . . . . . .121
Section 9.03. Trust Irrevocable . . . . . . . . . . . . . . . . . . .121
ARTICLE X Miscellaneous Provisions. . . . . . . . . . . . . . . .122
Section 10.01. Amendment . . . . . . . . . . . . . . . . . . . . . . .122
Section 10.02. Recordation of Agreement. . . . . . . . . . . . . . . .123
Section 10.03. Limitation on Rights of Certificateholders. . . . . . .123
Section 10.04. Access to List of Certificateholders. . . . . . . . . .124
Section 10.05. Governing Law . . . . . . . . . . . . . . . . . . . . .124
Section 10.06. Notices . . . . . . . . . . . . . . . . . . . . . . . .124
Section 10.07. Severability of Provisions. . . . . . . . . . . . . . .125
Section 10.08. Counterpart Signatures. . . . . . . . . . . . . . . . .125
Section 10.09. Benefits of Agreement . . . . . . . . . . . . . . . . .125
Section 10.10. Notices and Copies to Rating Agencies . . . . . . . . .125
Exhibit A Form of Certificates
Exhibit B Form of Residual Certificates
Exhibit C [Reserved]
Exhibit D Mortgage Loan Schedule
Exhibit E Selling And Servicing Contract
Exhibit F Form Of Transferor Certificate For Junior Subordinate
Certificates
Exhibit G Form Of Transferee's Agreement For Junior Subordinate
Certificates
Exhibit H Form Of Additional Matter Incorporated Into The
Certificates
Exhibit I Transferor Certificate
Exhibit J Transferee Affidavit And Agreement
Exhibit K [Reserved]
Exhibit L Form Of Investment Letter
Exhibit M Form of Trustee's Certification Pursuant to Section 2.02
Exhibit N [Reserved]
-xiv-
<PAGE>
This Pooling and Servicing Agreement, dated and effective as of February
1, 1998 (this "Agreement"), is executed between PNC Mortgage Securities
Corp., as Depositor and Master Servicer (the "Company") and U.S. Bank
National Association, as Trustee (the "Trustee"). Capitalized terms used in
this Agreement and not otherwise defined have the meanings ascribed to such
terms in Article I hereof.
PRELIMINARY STATEMENT
The Company at the Closing Date is the owner of the Mortgage Loans and
the other property being conveyed by it to the Trustee for inclusion in the
Trust Fund. On the Closing Date, the Company will acquire the Certificates
from the Trust Fund as consideration for its transfer to the Trust Fund of
the Mortgage Loans and certain other assets and will be the owner of the
Certificates. The Company has duly authorized the execution and delivery of
this Agreement to provide for the conveyance to the Trustee of the Mortgage
Loans and the issuance to the Company of the Certificates representing in the
aggregate the entire beneficial ownership of the Trust Fund. All covenants
and agreements made by the Company and the Trustee herein with respect to the
Mortgage Loans and the other property constituting the assets of the Trust
Fund are for the benefit of the Holders from time to time of the
Certificates. The Company is entering into this Agreement, and the Trustee is
accepting the trust created hereby, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged.
The Certificates issued hereunder, other than the Junior Subordinate
Certificates, have been offered for sale pursuant to a Prospectus, dated
November 24, 1997, and a Prospectus Supplement, dated February 24, 1998, of
the Company (together, the "Prospectus"). The Junior Subordinate Certificates
have been offered for sale pursuant to a Private Placement Memorandum, dated
February 27, 1998. The Trust Fund created hereunder is intended to be the
"Trust" described in the Prospectus and the Private Placement Memorandum and
the Certificates are intended to be the "Certificates" described therein. The
following table sets forth the designation, type of interest, initial
Remittance Rate, initial Class Principal Balance, initial Class Notional
Amount and last scheduled Distribution Date for each Class of Certificates
comprising the interests in the Trust Fund created hereunder:
1
<PAGE>
TRUST FUND
<TABLE>
<CAPTION>
Class Initial Class
Designation for Type of Remittance Principal Last Scheduled
each Certificate Interest Rate (1) Balance Distribution Date*
- ---------------- -------- ---------- -------------- ------------------
<S> <C> <C> <C> <C>
Class I-A-1 Regular 7.000% 203,349,192.00 March, 2028
Class II-A-1 Regular 7.000% 56,847,519.00 February, 2013
Class III-A-1 Regular 6.750% 75,000,000.00 March, 2013
Class III-A-2 Regular 6.750% 28,100,000.00 March, 2013
Class III-A-3 Regular 6.750% 18,000,000.00 March, 2013
Class III-A-4 Regular 6.750% 1,950,981.00 March, 2013
Class III-A-5 Regular 6.750% 15,700,000.00 March, 2013
Class III-A-6 Regular 6.750% 7,536,000.00 March, 2013
Class III-A-7 Regular 6.750% 40,000,000.00 March, 2013
Class IV-A-1 Regular 6.750% 116,638,462.00 December, 2027
Class IV-A-2 Regular 6.750% 12,230,000.00 December, 2027
Class V-A-1 Regular 6.625% 341,777,278.00 March, 2028
Class V-A-2 Regular 6.625% 8,728,000.00 March, 2028
Class V-A-3 Regular 6.625% 44,760,000.00 March, 2028
Class V-A-4 Regular 6.625% (2) 16,425,396.00 March, 2028
Class V-A-5 Regular 6.625% 11,340,604.00 March, 2028
Class I-X Regular 7.000% (3) 32,758,248.31 March, 2028
Class II-X Regular 7.000% (3) 8,946,181.65 February, 2013
Class III-X Regular 6.750% (3) 17,011,506.64 March, 2013
Class IV-X Regular 6.750% (3) 8,168,033.81 December, 2027
Class V-X-1 Regular 6.625% (3) 42,853,719.55 March, 2028
Class V-X-2 Regular 6.625% (3) 17,985,165.92 March, 2028
Class I-P Regular (4) 12,038.15 March, 2028
Class II-P Regular (4) 2,637.89 February, 2013
Class III-P Regular (4) 337,992.80 March, 2013
Class IV-P Regular (4) 700,523.48 December, 2027
Class C-B-1 Regular 7.000% 10,492,394.00 March, 2028
Class C-B-2 Regular 7.000% 3,497,464.00 March, 2028
Class C-B-3 Regular 7.000% 2,098,478.00 March, 2028
Class C-B-4 Regular 7.000% 1,398,985.00 March, 2028
Class C-B-5 Regular 7.000% 979,290.00 March, 2028
Class C-B-6 Regular 7.000% 1,119,194.09 March, 2028
Class III-B-1 Regular 6.750% 4,157,965.00 March, 2013
Class III-B-2 Regular 6.750% 773,575.00 March, 2013
Class III-B-3 Regular 6.750% 580,181.00 March, 2013
Class III-B-4 Regular 6.750% 483,484.00 March, 2013
Class III-B-5 Regular 6.750% 386,787.00 March, 2013
Class III-B-6 Regular 6.750% 386,790.96 March, 2013
Class IV-B-1 Regular 6.750% 3,163,503.00 December, 2027
Class IV-B-2 Regular 6.750% 673,085.00 December, 2027
Class IV-B-3 Regular 6.750% 403,851.00 December, 2027
Class IV-B-4 Regular 6.750% 269,234.00 December, 2027
Class IV-B-5 Regular 6.750% 269,234.00 December, 2027
Class IV-B-6 Regular 6.750% 269,238.01 December, 2027
Class V-B-1 Regular 6.625% 13,394,130.00 March, 2028
Class V-B-2 Regular 6.625% 4,241,474.00 March, 2028
Class V-B-3 Regular 6.625% 2,009,119.00 March, 2028
Class V-B-4 Regular 6.625% 1,562,648.00 March, 2028
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Class V-B-5 Regular 6.625% 1,116,177.00 March, 2028
Class V-B-6 Regular 6.625% 1,116,181.46 March, 2028
Class R+ Residual 6.750% 50.00 December, 2027
</TABLE>
* The Distribution Date in the month after the maturity date for the latest
maturing Mortgage Loan in the related Loan Group (the latest possible
maturity date for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
Regulations).
+ The Class R Certificates are entitled to receive the Residual Distribution
Amount.
(1) Interest distributed to the Certificates on each Distribution Date will have
accrued during the Prior Period, except for the Class P Certificates which
will not be entitled to receive interest.
(2) On each Distribution Date on or before the Class V-A-4 Accretion Termination
Date, an amount equal to the Class V-A-4 Accrual Amount will be added to the
Class V-A-4 Principal Balance, and such amount will be distributed as
principal to certain Classes of Group V Certificates as set forth herein and
will not be distributed as interest to the Class V-A-4 Certificates.
(3) Each of the Class X Certificates will accrue interest on the related Class
Notional Amount.
(4) The Class P Certificates will not be entitled to receive distributions of
interest.
As provided herein, with respect to the Trust Fund, the Company will
cause an election to be made on behalf of the Trust Fund to be treated for
federal income tax purposes as a REMIC. The Certificates (other than the
Class R Certificates) will be designated regular interests in the Trust Fund
and the Class R Certificates will be designated the sole class of residual
interest in the Trust Fund, for purposes of the REMIC Provisions. As of the
Cut-Off Date, the Mortgage Loans have an aggregate Principal Balance of
$1,054,279,136.84 and the Certificates have an Aggregate Certificate
Principal Balance of $1,054,279,136.84.
W I T N E S S E T H :
WHEREAS, the Company is a corporation duly organized and existing under
and by virtue of the laws of the State of Delaware and has full corporate
power and authority to enter into this Agreement and to undertake the
obligations undertaken by it herein;
WHEREAS, the Company is the owner of the Mortgage Loans identified in
the Mortgage Loan Schedule hereto having unpaid Principal Balances on the
Cut-Off Date as stated therein;
WHEREAS, the Company has been duly authorized to create the Trust Fund
consisting of the Mortgage Loans and certain other property and to sell
undivided beneficial ownership interests in such Trust Fund and in order to
do so is selling the Certificates issued hereunder as hereinafter provided;
and
WHEREAS, the Trustee is a national banking association duly organized
and existing under the laws of the United States and has full power and
authority to enter into this Agreement.
NOW, THEREFORE, in order to declare the terms and conditions upon which
the Certificates are, and are to be, authenticated, issued and delivered, and
in consideration of the premises and of the purchase and acceptance of the
Certificates by the Holders thereof, the Company covenants and agrees with
the Trustee, for the equal and proportionate benefit of the respective
Holders from time to time of the Certificates, as follows:
3
<PAGE>
ARTICLE I
Section 1.01. Definitions.
Whenever used in this Agreement, the following words and phrases, unless
the context otherwise requires, shall have the following meanings:
ACCRETION DIRECTED CLASSES: With respect to the Group V Certificates,
the Class V-A-2 and Class V-A-5 Certificates, as applicable.
AGGREGATE CERTIFICATE PRINCIPAL BALANCE: At any given time, the sum of
the then current Class Principal Balances of the Certificates.
APPRAISED VALUE: The amount set forth in an appraisal made by or for the
mortgage originator in connection with its origination of each Mortgage Loan.
ASSIGNMENT OF PROPRIETARY LEASE: With respect to a Cooperative Loan, the
assignment or mortgage of the related Cooperative Lease from the Mortgagor to
the originator of the Cooperative Loan.
AUTHENTICATING AGENT: Any authenticating agent appointed by the Trustee
pursuant to Section 8.11.
AUTHORIZED DENOMINATION: With respect to the Certificates (other than
the Class III-A-5, Class III-A-6, Class IV-A-2, Class X and Residual
Certificates), an initial Certificate Principal Balance equal to $25,000 and
integral multiples of $1 in excess thereof, except that one Class I-P, one
Class II-P, one Class III-P and one Class IV-P Certificate may be issued in a
different amount. With respect to the Class III-A-5, Class III-A-6 and Class
IV-A-2 Certificates, an initial Certificate Principal Balance equal to $1,000
and integral multiples of $1 in excess thereof. With respect to the Class X
Certificates, a Class Notional Amount as of the Cut-Off Date equal to
$100,000 and integral multiples of $1 in excess thereof, except that one
Certificate of each such Class may be issued in a different amount. With
respect to the Class R Certificates, one Certificate with a Percentage
Interest equal to 0.01% and one Certificate with a Percentage Interest equal
to 99.99%.
AVAILABLE DISTRIBUTION AMOUNT: With respect to each Loan Group on any
Distribution Date, the sum of the following amounts with respect to the
Mortgage Loans in such Loan Group:
(1) the total amount of all cash received by or on behalf of the
Master Servicer with respect to such Mortgage Loans by the Determination
Date for such Distribution Date and not previously distributed (including
Monthly P&I Advances made by Servicers, proceeds of such Mortgage Loans
which have been liquidated and scheduled amounts of distributions from
Buydown Funds respecting Buydown Loans, if any), except:
(a) all scheduled payments of principal and interest collected
but due
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on a date subsequent to the related Due Date;
(b) all Curtailments received after the Prior Period (together
with any interest payment received with such prepayments to the extent
that it represents the payment of interest accrued on a related
Mortgage Loan subsequent to the Prior Period);
(c) all Payoffs received after the Payoff Period immediately
preceding such Distribution Date (together with any interest payment
received with such Payoffs to the extent that it represents the
payment of interest accrued on the Mortgage Loans for the period
subsequent to the Prior Period), and interest which was accrued and
received on Payoffs received during the period from the 1st to the
14th day of the month of such Determination Date, which interest shall
not be included in the calculation of the Available Distribution
Amount for any Distribution Date;
(d) Insurance Proceeds and Liquidation Proceeds received on
such Mortgage Loans after the Prior Period;
(e) all amounts in the Certificate Account which are due and
reimbursable to a Servicer or the Master Servicer pursuant to the
terms of this Agreement;
(f) the sum of the Master Servicing Fee and the Servicing Fee
for each such Mortgage Loan; and
(g) Excess Liquidation Proceeds;
(2) the sum, to the extent not previously distributed, of the
following amounts, to the extent advanced or received, as applicable, by
the Master Servicer:
(a) any Monthly P&I Advance made by the Master Servicer to the
Trustee with respect to such Distribution Date relating to such
Mortgage Loans; and
(b) Compensating Interest; and
(3) the total amount, to the extent not previously distributed, of
all cash received by the Distribution Date by the Trustee or the Master
Servicer, in respect of a Purchase Obligation under Section 2.02 and
Section 2.03 or any permitted repurchase of a Mortgage Loan.
BALLOON LOAN: Any Mortgage Loan which, by its terms, does not fully
amortize the principal balance thereof by its stated maturity.
BANKRUPTCY COVERAGE: With respect to each of (i) Loan Group I and Loan
Group II, (ii) Loan Group III, (iii) Loan Group IV and (iv) Loan Group V, the
Bankruptcy Coverage Initial
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Amount for such Loan Group (or Loan Groups) less (a) any scheduled or
permissible reduction in the amount of Bankruptcy Coverage pursuant to this
definition and (b) Bankruptcy Losses allocated to the Certificates of the
related Certificate Group (or the related Certificate Groups in the case of
the Bankruptcy Coverage for Loan Group I and Loan Group II). Bankruptcy
Coverage may be reduced upon written confirmation from the Rating Agencies
that such reduction will not adversely affect the then current ratings
assigned to the Certificates by the Rating Agencies.
BANKRUPTCY COVERAGE INITIAL AMOUNT: With respect to Loan Group I and
Loan Group II, $100,589, with respect to Loan Group III, $100,000, with
respect to Loan Group IV, $100,000, and with respect to Loan Group V,
$154,511.
BANKRUPTCY LOSS: A loss on a Mortgage Loan arising out of (i) a
reduction in the scheduled Monthly Payment for such Mortgage Loan by a court
of competent jurisdiction in a case under the United States Bankruptcy Code,
other than any such reduction that arises out of clause (ii) of this
definition of "Bankruptcy Loss", including, without limitation, any such
reduction that results in a permanent forgiveness of principal, or (ii) with
respect to any Mortgage Loan, a valuation, by a court of competent
jurisdiction in a case under such Bankruptcy Code, of the related Mortgaged
Property in an amount less than the then outstanding principal balance of
such Mortgage Loan.
BENEFICIAL HOLDER: A Person holding a beneficial interest in any
Book-Entry Certificate as or through a DTC Participant or an Indirect DTC
Participant or a Person holding a beneficial interest in any Definitive
Certificate.
BOOK-ENTRY CERTIFICATES: The Class A Certificates, beneficial ownership
and transfers of which shall be made through book entries as described in
Section 5.07.
BUSINESS DAY: Any day other than a Saturday, a Sunday, or a day on which
banking institutions in Chicago, Illinois or New York, New York are
authorized or obligated by law or executive order to be closed.
BUYDOWN AGREEMENT: An agreement between a Person and a Mortgagor
pursuant to which such Person has provided a Buydown Fund.
BUYDOWN FUND: A fund provided by the originator of a Mortgage Loan or
another Person with respect to a Buydown Loan which provides an amount
sufficient to subsidize regularly scheduled principal and interest payments
due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the
par values of future payment subsidies, or (ii) funded in an amount less than
the par values of future payment subsidies, and determined by discounting
such par values in accordance with interest accruing on such amounts, in
which event they will be deposited in an account bearing interest. Buydown
Funds may be held in a separate Buydown Fund Account or may be held in a
Custodial Account for P&I or a Custodial Account for Reserves and monitored
by a Servicer.
BUYDOWN FUND ACCOUNT: A separate account or accounts created and
maintained pursuant
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to Section 3.02 (a) with the corporate trust department of the Trustee or
another financial institution approved by the Master Servicer, (b) within
FDIC insured accounts (or other accounts with comparable insurance coverage
acceptable to the Rating Agencies) created, maintained and monitored by a
Servicer or (c) in a separate non-trust account without FDIC or other
insurance in an Eligible Institution. Such account or accounts may be
non-interest bearing or may bear interest. In the event that a Buydown Fund
Account is established pursuant to clause (b) of the preceding sentence,
amounts held in such Buydown Fund Account shall not exceed the level of
deposit insurance coverage on such account; accordingly, more than one
Buydown Fund Account may be established.
BUYDOWN LOAN: A Mortgage Loan for which the Mortgage Interest Rate has
been subsidized through a Buydown Fund provided at the time of origination of
such Mortgage Loan.
CERTIFICATE: Any one of the Certificates issued pursuant to this
Agreement, executed by the Trustee and authenticated by or on behalf of the
Trustee hereunder in substantially one of the forms set forth in Exhibit A
and B hereto. The additional matter appearing in Exhibit H shall be deemed
incorporated into Exhibits A and B as though set forth at the end of such
Exhibits.
CERTIFICATE ACCOUNT: The separate trust account created and maintained
with the Trustee, the Investment Depository or any other bank or trust
company acceptable to the Rating Agencies which is incorporated under the
laws of the United States or any state thereof pursuant to Section 3.04,
which account shall bear a designation clearly indicating that the funds
deposited therein are held in trust for the benefit of the Trustee on behalf
of the Certificateholders or any other account serving a similar function
acceptable to the Rating Agencies. Funds in the Certificate Account in
respect of the Mortgage Loans in each of the Loan Groups and amounts
withdrawn from the Certificate Account attributable to each of such Loan
Groups shall be accounted for separately. Funds in the Certificate Account
may be invested in Eligible Investments and reinvestment earnings thereon
shall be paid to the Master Servicer as additional servicing compensation.
Funds deposited in the Certificate Account (exclusive of the Master Servicing
Fee) shall be held in trust for the Certificateholders and for the uses and
purposes set forth in Section 3.04, Section 3.05 and Section 4.01.
CERTIFICATE DISTRIBUTION AMOUNT: (I) For any Distribution Date prior
to the Combined Credit Support Depletion Date or the Group III, Group IV or
Group V Credit Support Depletion Date, as applicable, the Available
Distribution Amount for the related Loan Group (or Loan Groups) shall be
distributed to the Certificates of the related Certificate Group in the
following amounts and priority:
(a) With respect to the Group I Certificates, on any Distribution Date
prior to the Combined Credit Support Depletion Date, to the extent of the
Available Distribution Amount for Loan Group I remaining following prior
distributions, if any, on such Distribution Date:
(i) first, to the Class I-P Certificates, the aggregate for all Class
I-P Mortgage Loans of the product for each Class I-P Mortgage Loan of the
applicable Class I-P Fraction and the sum of (x) scheduled payments of
principal on such Class I-P Mortgage Loan due on or before the related Due
Date in respect of which no distribution has been
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made on any previous Distribution Date and which were received by the
Determination Date, or which have been advanced as part of a Monthly P&I
Advance with respect to such Distribution Date, (y) the principal portion
received in respect of such Class I-P Mortgage Loan during the Prior Period
of (1) Curtailments, (2) Insurance Proceeds, (3) the amount, if any, of the
principal portion of the Purchase Price paid pursuant to a Purchase
Obligation or any repurchase of a Mortgage Loan permitted hereunder and
(4) Liquidation Proceeds and (z)the principal portion of Payoffs received
in respect of such Class I-P Mortgage Loan during the Payoff Period;
(ii) second, to the Class I-A-1 and Class I-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates remaining unpaid from previous Distribution Dates, pro rata
according to their respective shares of such unpaid amounts;
(iii) third, to the Class I-A-1 and Class I-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates for the current Distribution Date, pro rata according to
their respective Interest Distribution Amounts; and
(iv) fourth, to the Class I-A-1 Certificates, as principal, the Group
I Senior Principal Distribution Amount;
(b) With respect to the Group II Certificates, on any Distribution Date
prior to the Combined Credit Support Depletion Date, to the extent of the
Available Distribution Amount for Loan Group II remaining following prior
distributions, if any, on such Distribution Date:
(i) first, to the Class II-P Certificates, the aggregate for all
Class II-P Mortgage Loans of the product for each Class II-P Mortgage Loan
of the applicable Class II-P Fraction and the sum of (x) scheduled payments
of principal on such Class II-P Mortgage Loan due on or before the related
Due Date in respect of which no distribution has been made on any previous
Distribution Date and which were received by the Determination Date, or
which have been advanced as part of a Monthly P&I Advance with respect to
such Distribution Date, (y) the principal portion received in respect of
such Class II-P Mortgage Loan during the Prior Period of (1) Curtailments,
(2) Insurance Proceeds, (3) the amount, if any, of the principal portion of
the Purchase Price paid pursuant to a Purchase Obligation or any repurchase
of a Mortgage Loan permitted hereunder and (4) Liquidation Proceeds and (z)
the principal portion of Payoffs received in respect of such Class II-P
Mortgage Loan during the Payoff Period;
(ii) second, to the Class II-A-1 and Class II-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates remaining unpaid from previous Distribution Dates, pro rata
according to their respective shares of such unpaid amounts;
(iii) third, to the Class II-A-1 and Class II-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates for the current
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<PAGE>
Distribution Date, pro rata according to their respective Interest
Distribution Amounts; and
(iv) fourth, to the Class II-A-1 Certificates, as principal, the Group
II Senior Principal Distribution Amount;
(c) With respect to the Group C-B, Class I-P, Class II-P and Class R
Certificates, on any Distribution Date prior to the Combined Credit Support
Depletion Date and after the payment of the amounts pursuant to clause (I)(a)
and clause (I)(b) of this definition of "Certificate Distribution Amount" and
to the extent of the Available Distribution Amount for Loan Group I and Loan
Group II remaining following prior distributions, if any, on such
Distribution Date:
(i) first, to the Class I-P and Class II-P Certificates, to the
extent of amounts otherwise available to pay the Group C-B Subordinate
Principal Distribution Amount (without regard to clause (B) of the
definition thereof) on such Distribution Date, the amount payable to the
Class I-P and Class II-P Certificates on previous Distribution Dates
pursuant to clause (I)(c)(ii) of this definition of "Certificate
Distribution Amount" and remaining unpaid from such previous Distribution
Dates;
(ii) second, to the Class I-P and Class II-P Certificates, to the
extent of amounts otherwise available to pay the Group C-B Subordinate
Principal Distribution Amount (without regard to clause (B) of the
definition thereof) on such Distribution Date, principal in an amount equal
to the Class I-P or Class II-P Fraction, as applicable, of any Realized
Loss on a Class I-P Mortgage Loan or Class II-P Mortgage Loan, other than a
Special Hazard Loss in excess of the combined Special Hazard Coverage for
Loan Group I and Loan Group II, a Fraud Loss in excess of the combined
Fraud Coverage for Loan Group I and Loan Group II or a Bankruptcy Loss in
excess of the combined Bankruptcy Coverage for Loan Group I and Loan Group
II, as applicable, provided that any amounts distributed in respect of
losses pursuant to paragraph (I)(c)(i) or this paragraph (I)(c)(ii) of this
definition of "Certificate Distribution Amount" shall not cause a further
reduction in either the Class I-P Principal Balance or the Class II-P
Principal Balance; provided, further, that if the amounts otherwise
available to pay the Group C-B Subordinate Principal Distribution Amount
for any such Distribution Date are insufficient to cover such outstanding
principal losses for both the Class I-P and the Class II-P Certificates as
provided in paragraph (I)(c)(i) or this paragraph (I)(c)(ii) of this
definition of "Certificate Distribution Amount", then the amounts otherwise
available to pay the Group C-B Subordinate Principal Distribution Amount
will be allocated pro rata to the Class I-P and Class II-P Certificates
based on the amount such Certificates are entitled to receive pursuant to
paragraph (I)(c)(i) or this paragraph (I)(c)(ii) of this definition of
"Certificate Distribution Amount";
(iii) third, to the Class C-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(iv) fourth, to the Class C-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
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<PAGE>
(v) fifth, to the Class C-B-1 Certificates, the portion of the Group
C-B Subordinate Principal Distribution Amount allocable to such Class of
Certificates pursuant to the definition of "Group C-B Subordinate Principal
Distribution Amount", until the Class C-B-1 Principal Balance has been
reduced to zero;
(vi) sixth, to the Class C-B-2 Certificates, the Interest Distribution
Amount for such Class of Certificates remaining unpaid from previous
Distribution Dates;
(vii) seventh, to the Class C-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(viii) eighth, to the Class C-B-2 Certificates, the portion of the
Group C-B Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group C-B Subordinate
Principal Distribution Amount", until the Class C-B-2 Principal Balance has
been reduced to zero;
(ix) ninth, to the Class C-B-3 Certificates, the Interest Distribution
Amount for such Class of Certificates remaining unpaid from previous
Distribution Dates;
(x) tenth, to the Class C-B-3 Certificates, the Interest Distribution
Amount for such Class of Certificates for the current Distribution Date;
(xi) eleventh, to the Class C-B-3 Certificates, the portion of the
Group C-B Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group C-B Subordinate
Principal Distribution Amount", until the Class C-B-3 Principal Balance has
been reduced to zero;
(xii) twelfth, to the Class C-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xiii) thirteenth, to the Class C-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xiv) fourteenth, to the Class C-B-4 Certificates, the portion of
the Group C-B Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group C-B Subordinate
Principal Distribution Amount", until the Class C-B-4 Principal Balance has
been reduced to zero;
(xv) fifteenth, to the Class C-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xvi) sixteenth, to the Class C-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xvii) seventeenth, to the Class C-B-5 Certificates, the portion of
the Group C-B Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group C-B Subordinate
Principal Distribution Amount", until the
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Class C-B-5 Principal Balance has been reduced to zero;
(xviii) eighteenth, to the Class C-B-6 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xix) nineteenth, to the Class C-B-6 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xx) twentieth, to the Class C-B-6 Certificates, the portion of the
Group C-B Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group C-B Subordinate
Principal Distribution Amount", until the Class C-B-6 Principal Balance has
been reduced to zero;
(xxi) twenty-first, to each Class of Group C-B Certificates in the
order of seniority, the remaining portion, if any, of the Available
Distribution Amount for Loan Group I and Loan Group II, up to the amount of
unreimbursed Realized Losses previously allocated to such Class, if any,
provided that any amounts distributed in respect of losses pursuant to this
paragraph (I)(c)(xxi) of this definition of "Certificate Distribution
Amount" shall not cause a further reduction in the Class Principal Balances
of the Group C-B Certificates; and
(xxii) twenty-second, to the Class R Certificates, the Residual
Distribution Amount for Loan Group I and Loan Group II for such
Distribution Date;
Notwithstanding the foregoing, (X) on any Distribution Date occurring
after the date on which the Class I-A-1 Principal Balance or Class II-A-1
Principal Balance has been reduced to zero and on which (a) the Group C-B
Percentage for such Distribution Date is less than 200% of the Group C-B
Percentage as of the Cut-Off Date or (b) the average outstanding principal
balance of the Mortgage Loans in either of Loan Group I or Loan Group II
delinquent 60 days or more over the last six months (including Mortgage Loans
in foreclosure and Mortgage Loans the property of which is held by the Trust
Fund and acquired by foreclosure or deed in lieu of foreclosure), as a
percentage of the related Group C-B Loan Group Component Balance, is greater
than or equal to 50%, the remaining Class A Certificates will be entitled to
receive as principal, in addition to any principal payments otherwise
described above, all amounts in respect of principal on the Mortgage Loans in
the Loan Group relating to the Class A Certificates that have been paid in
full (after distributions of principal to the related Class I-P or Class II-P
Certificates pursuant to paragraphs (I)(a)(i) or (I)(b)(i) above, as
applicable), which amounts will be paid in accordance with paragraphs
(I)(a)(iv) or (I)(b)(iv) above, as applicable, to the extent of and in
reduction of the Class Principal Balance thereof, prior to any distributions
of principal to the Group C-B Certificates in paragraph (I)(c) above and (Y)
if on any Distribution Date the aggregate Class Principal Balance of the
Class I-A-1 Certificates or the Class II-A-1 Certificates is greater than the
aggregate Principal Balance of the Mortgage Loans in the related Loan Group,
less the related Class P Fraction of the Class P Mortgage Loans in such Loan
Group (the ?Undercollateralized Group?), (i) the portion of the Available
Distribution Amount in respect of principal on the Mortgage Loans in the
other Loan Group (the ?Overcollateralized Group?) (after distributions of
principal to the Class P and Class A Certificates related to the
Overcollateralized
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Group) will be distributed to the Class A Certificates of the
Undercollateralized Group pursuant to paragraphs (I)(a)(iv) or (I)(b)(iv)
above, as applicable, until the aggregate Class Principal Balance of the
Class A Certificates of the Undercollateralized Group equals the aggregate
Principal Balance of the Mortgage Loans in the related Loan Group (other than
the related Class P Fraction of the Class P Mortgage Loans in such Loan
Group) and (ii) a portion of the Available Distribution Amount of the
Overcollateralized Group remaining after distributions to the Class P, Class
X and Class A Certificates of the Overcollateralized Group pursuant to
paragraphs (I)(a)(i) through (I)(a)(iii) or (I)(b)(i) through (I)(b)(iii), as
applicable, equal to one month's interest on the amount by which the
Undercollateralized Group is undercollateralized at 7.000% per annum, plus
any shortfall of interest on the Class A Certificates of the
Undercollateralized Group remaining unpaid pursuant to paragraphs (I)(a)(ii)
or (I)(b)(ii) above, as applicable, after distributions on such Distribution
Date, including accrued and unpaid interest on such shortfall at the rate set
forth above, will (1) be added to the Available Distribution Amount of the
Undercollateralized Group and distributed in accordance with the priorities
as described in paragraphs (I)(a) or (I)(b) above, as applicable (any amount
covering interest shortfalls and interest accrued thereon will be distributed
to the applicable Class or Classes of Certificates on such Distribution Date
in the priority described in paragraphs (I)(a)(ii) or (I)(b)(ii) above, as
applicable, pro rata according to their respective shares of such amount) and
(2) be subtracted from the Available Distribution Amount of the
Overcollateralized Group.
(d) With respect to the Group III and Class R Certificates, on any
Distribution Date prior to the Group III Credit Support Depletion Date, to the
extent of the Available Distribution Amount for Loan Group III remaining
following prior distributions, if any, on such Distribution Date:
(i) first, to the Class III-P Certificates, the aggregate for all
Class III-P Mortgage Loans of the product for each Class III-P Mortgage
Loan of the applicable Class III-P Fraction and the sum of (x) scheduled
payments of principal on such Class III-P Mortgage Loan due on or before
the related Due Date in respect of which no distribution has been made on
any previous Distribution Date and which were received by the Determination
Date, or which have been advanced as part of a Monthly P&I Advance with
respect to such Distribution Date, (y) the principal portion received in
respect of such Class III-P Mortgage Loan during the Prior Period of (1)
Curtailments, (2) Insurance Proceeds, (3) the amount, if any, of the
principal portion of the Purchase Price paid pursuant to a Purchase
Obligation or any repurchase of a Mortgage Loan permitted hereunder and (4)
Liquidation Proceeds and (z) the principal portion of Payoffs received in
respect of such Class III-P Mortgage Loan during the Payoff Period;
(ii) second, to the Group III-A and Class III-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates remaining unpaid from previous Distribution Dates, pro rata
according to their respective shares of such unpaid amounts;
(iii) third, to the Group III-A and Class III-X Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates for the current Distribution Date, pro rata according to
their respective Interest Distribution Amounts;
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(iv) fourth, to the Group III-A Certificates, as principal, the Group
III Senior Principal Distribution Amount, as follows;
(a) first, to the Class III-A-7 Certificates, an amount, up to
the amount of the Class III-A-7 Lockout Principal Distribution Amount
for such Distribution Date, until the Class III-A-7 Principal Balance
has been reduced to zero;
(b) second, the portion of the Group III Senior Principal
Distribution Amount remaining after the distributions described above,
concurrently, until the Class III-A-1 Principal Balance has been
reduced to zero:
(1) 53.5710531914% to the Class III-A-1 Certificates; and
(2) 46.4289468086% sequentially as follows:
(A) first, to the Class III-A-2 Certificates, until
the Class III-A-2 Principal Balance has been reduced to
zero;
(B) second, to the Class III-A-3 Certificates, until
the Class III-A-3 Principal Balance has been reduced to
zero;
(C) third, to the Class III-A-4 Certificates, until
the Class III-A-4 Principal Balance has been reduced to
zero;
(D) fourth, to the Class III-A-5 Certificates, until
the Class III-A-5 Principal Balance has been reduced to
zero; and
(E) fifth, to the Class III-A-6 Certificates, until
the Class III-A-6 Principal Balance has been reduced to
$6,286,000;
(c) third, to the Class III-A-6 Certificates, the portion of the
Group III Senior Principal Distribution Amount remaining after the
distributions described above, until the Class III-A-6 Principal
Balance has been reduced to zero; and
(d) fourth, to the Class III-A-7 Certificates, the portion of
the Group III Senior Principal Distribution Amount remaining after the
distributions described above, until the Class III-A-7 Principal
Balance has been reduced to zero;
(v) fifth, to the Class III-P Certificates, to the extent of amounts
otherwise available to pay the Group III Subordinate Principal Distribution
Amount (without regard to clause (B) of the definition thereof) on such
Distribution Date, the amount payable to the Class III-P Certificates on
previous Distribution Dates pursuant to clause (I)(d)(vi) of this
definition of "Certificate Distribution Amount" and remaining unpaid from
such previous Distribution Dates;
(vi) sixth, to the Class III-P Certificates, to the extent of amounts
otherwise available to pay the Group III Subordinate Principal Distribution
Amount (without regard
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to clause (B) of the definition thereof) on such Distribution Date, an
amount equal to the Class III-P Fraction of any Realized Loss on a
Class III-P Mortgage Loan, other than a Special Hazard Loss, Fraud Loss or
Bankruptcy Loss in excess of the Group III Special Hazard Coverage,
Group III Fraud Coverage or Group III Bankruptcy Coverage, as applicable,
provided that any amounts distributed in respect of losses pursuant to
paragraph (I)(d)(v) or this paragraph (I)(d)(vi) of this definition of
"Certificate Distribution Amount" shall not cause a further reduction in
the Class III-P Principal Balance;
(vii) seventh, to the Class III-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(viii) eighth, to the Class III-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(ix) ninth, to the Class III-B-1 Certificates, the portion of the
Group III Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group III Subordinate
Principal Distribution Amount", until the Class III-B-1 Principal Balance
has been reduced to zero;
(x) tenth, to the Class III-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xi) eleventh, to the Class III-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xii) twelfth, to the Class III-B-2 Certificates, the portion of
the Group III Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group III Subordinate
Principal Distribution Amount", until the Class III-B-2 Principal Balance
has been reduced to zero;
(xiii) thirteenth, to the Class III-B-3 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xiv) fourteenth, to the Class III-B-3 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xv) fifteenth, to the Class III-B-3 Certificates, the portion of the
Group III Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group III Subordinate
Principal Distribution Amount", until the Class III-B-3 Principal Balance
has been reduced to zero;
(xvi) sixteenth, to the Class III-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xvii) seventeenth, to the Class III-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
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(xviii) eighteenth, to the Class III-B-4 Certificates, the portion
of the Group III Subordinate Principal Distribution Amount allocable to
such Class of Certificates pursuant to the definition of "Group III
Subordinate Principal Distribution Amount", until the Class III-B-4
Principal Balance has been reduced to zero;
(xix) nineteenth, to the Class III-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xx) twentieth, to the Class III-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xxi) twenty-first, to the Class III-B-5 Certificates, the portion
of the Group III Subordinate Principal Distribution Amount allocable to
such Class of Certificates pursuant to the definition of "Group III
Subordinate Principal Distribution Amount", until the Class III-B-5
Principal Balance has been reduced to zero;
(xxii) twenty-second, to the Class III-B-6 Certificates, the
Interest Distribution Amount for such Class of Certificates remaining
unpaid from previous Distribution Dates;
(xxiii) twenty-third, to the Class III-B-6 Certificates, the
Interest Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xxiv) twenty-fourth, to the Class III-B-6 Certificates, the
portion of the Group III Subordinate Principal Distribution Amount
allocable to such Class of Certificates pursuant to the definition of
"Group III Subordinate Principal Distribution Amount", until the
Class III-B-6 Principal Balance has been reduced to zero;
(xxv) twenty-fifth, to each Class of Group III-B Certificates in
the order of seniority, the remaining portion, if any, of the Available
Distribution Amount for Loan Group III, up to the amount of unreimbursed
Realized Losses previously allocated to such Class, if any, provided that
any amounts distributed in respect of losses pursuant to this paragraph
(I)(d)(xxv) of this definition of "Certificate Distribution Amount" shall
not cause a further reduction in the Class Principal Balances of the Group
III-B Certificates; and
(xxvi) twenty-sixth, to the Class R Certificates, the Residual
Distribution Amount for Loan Group III for such Distribution Date;
(e) With respect to the Group IV Certificates, on any Distribution Date
prior to the Group IV Credit Support Depletion Date, to the extent of the
Available Distribution Amount for Loan Group IV remaining following prior
distributions, if any, on such Distribution Date:
(i) first, to the Class IV-P Certificates, the aggregate for all
Class IV-P Mortgage Loans of the product for each Class IV-P Mortgage Loan
of the applicable Class IV-P Fraction and the sum of (x) scheduled payments
of principal on such Class IV-P Mortgage Loan due on or before the related
Due Date in respect of which no distribution has been made on any previous
Distribution Date and which were received by
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the Determination Date, or which have been advanced as part of a
Monthly P&I Advance with respect to such Distribution Date, (y) the
principal portion received in respect of such Class IV-P Mortgage Loan
during the Prior Period of (1) Curtailments, (2) Insurance Proceeds,
(3) the amount, if any, of the principal portion of the Purchase Price
paid pursuant to a Purchase Obligation or any repurchase of a Mortgage
Loan permitted hereunder and (4) Liquidation Proceeds and (z) the
principal portion of Payoffs received in respect of such Class IV-P
Mortgage Loan during the Payoff Period;
(ii) second, to the Group IV-A, Class IV-X and Class R Certificates,
concurrently, the sum of the Interest Distribution Amounts for such Classes
of Certificates remaining unpaid from previous Distribution Dates, pro rata
according to their respective shares of such unpaid amounts;
(iii) third, to the Group IV-A, Class IV-X and Class R
Certificates, concurrently, the sum of the Interest Distribution Amounts
for such Classes of Certificates for the current Distribution Date, pro
rata according to their respective Interest Distribution Amounts;
(iv) fourth, to the Group IV-A and Class R Certificates, as principal,
the Group IV Senior Principal Distribution Amount, as follows:
(a) first, to the Class R Certificates until the Class Principal
Balance thereof has been reduced to zero;
(b) second, to the Class IV-A-1 Certificates, the portion of the
Group IV Senior Principal Distribution Amount remaining after the
distribution described above, until the Class IV-A-1 Principal Balance
has been reduced to zero; and
(c) third, to the Class IV-A-2 Certificates, the portion of the
Group IV Senior Principal Distribution Amount remaining after the
distributions described above, until the Class IV-A-2 Principal
Balance has been reduced to zero;
(v) fifth, to the Class IV-P Certificates, to the extent of amounts
otherwise available to pay the Group IV Subordinate Principal Distribution
Amount (without regard to clause (B) of the definition thereof) on such
Distribution Date, the amount payable to the Class IV-P Certificates on
previous Distribution Dates pursuant to clause (I)(e)(vi) of this
definition of "Certificate Distribution Amount" and remaining unpaid from
such previous Distribution Dates;
(vi) sixth, to the Class IV-P Certificates, to the extent of amounts
otherwise available to pay the Group IV Subordinate Principal Distribution
Amount (without regard to clause (B) of the definition thereof) on such
Distribution Date, an amount equal to the Class IV-P Fraction of any
Realized Loss on a Class IV-P Mortgage Loan, other than a Special Hazard
Loss, Fraud Loss or Bankruptcy Loss in excess of the Group IV Special
Hazard Coverage, Group IV Fraud Coverage or Group IV Bankruptcy Coverage,
as applicable, provided that any amounts distributed in respect of losses
pursuant to
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paragraph (I)(e)(v) or this paragraph (I)(e)(vi) of this definition of
"Certificate Distribution Amount" shall not cause a further reduction in
the Class IV-P Principal Balance;
(vii) seventh, to the Class IV-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(viii) eighth, to the Class IV-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(ix) ninth, to the Class IV-B-1 Certificates, the portion of the Group
IV Subordinate Principal Distribution Amount allocable to such Class of
Certificates pursuant to the definition of "Group IV Subordinate Principal
Distribution Amount", until the Class IV-B-1 Principal Balance has been
reduced to zero;
(x) tenth, to the Class IV-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xi) eleventh, to the Class IV-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xii) twelfth, to the Class IV-B-2 Certificates, the portion of
the Group IV Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group IV Subordinate
Principal Distribution Amount", until the Class IV-B-2 Principal Balance
has been reduced to zero;
(xiii) thirteenth, to the Class IV-B-3 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xiv) fourteenth, to the Class IV-B-3 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xv) fifteenth, to the Class IV-B-3 Certificates, the portion of the
Group IV Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group IV Subordinate
Principal Distribution Amount", until the Class IV-B-3 Principal Balance
has been reduced to zero;
(xvi) sixteenth, to the Class IV-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xvii) seventeenth, to the Class IV-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xviii) eighteenth, to the Class IV-B-4 Certificates, the portion of
the Group IV Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group IV Subordinate
Principal Distribution Amount", until the Class IV-B-4 Principal Balance
has been reduced to zero;
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<PAGE>
(xix) nineteenth, to the Class IV-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xx) twentieth, to the Class IV-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xxi) twenty-first, to the Class IV-B-5 Certificates, the portion
of the Group IV Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group IV Subordinate
Principal Distribution Amount", until the Class IV-B-5 Principal Balance
has been reduced to zero;
(xxii) twenty-second, to the Class IV-B-6 Certificates, the
Interest Distribution Amount for such Class of Certificates remaining
unpaid from previous Distribution Dates;
(xxiii) twenty-third, to the Class IV-B-6 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xxiv) twenty-fourth, to the Class IV-B-6 Certificates, the portion
of the Group IV Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group IV Subordinate
Principal Distribution Amount", until the Class IV-B-6 Principal Balance
has been reduced to zero;
(xxv) twenty-fifth, to each Class of Group IV-B Certificates in
the order of seniority, the remaining portion, if any, of the Available
Distribution Amount for Loan Group IV, up to the amount of unreimbursed
Realized Losses previously allocated to such Class, if any, provided that
any amounts distributed in respect of losses pursuant to this paragraph
(I)(e)(xxv) of this definition of "Certificate Distribution Amount" shall
not cause a further reduction in the Class Principal Balances of the Group
IV-B Certificates; and
(xxvi) twenty-sixth, to the Class R Certificates, the Residual
Distribution Amount for Loan Group IV for such Distribution Date;
(f) With respect to the Group V and Class R Certificates, on any
Distribution Date prior to the Group V Credit Support Depletion Date, to the
extent of the Available Distribution Amount for Loan Group V remaining
following prior distributions, if any, on such Distribution Date:
(i) first, to the Group V-A, Class V-X-1 and Class V-X-2
Certificates, the sum of Interest Distribution Amounts for such Classes of
Certificates remaining unpaid from previous Distribution Dates, pro rata
according to their respective shares of such unpaid amounts; provided,
however, that on or before the Class V-A-4 Accretion Termination Date, the
amount that would otherwise be payable to the Class V-A-4 Certificates
pursuant to this clause (I)(f)(i) will be paid instead as principal as set
forth in clause (I)(f)(ii)(b) of this definition of "Certificate
Distribution Amount";
(ii) second,
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(a) to the Group V-A, Class V-X-1 and Class V-X-2 Certificates,
concurrently, the sum of the Interest Distribution Amounts for such
Classes of Certificates for the current Distribution Date, pro rata
according to their respective Interest Distribution Amounts; provided,
however, that on or before the Class V-A-4 Accretion Termination Date,
the amount that would otherwise be payable to the Class V-A-4
Certificates pursuant to this clause (I)(f)(ii)(a) will be paid
instead as principal as set forth in clause (I)(f)(ii)(b) of this
definition of "Certificate Distribution Amount";
(b) on or before the Class V-A-4 Accretion Termination Date, the
Class V-A-4 Accrual Amount, as principal, as follows:
(1) first, to the Class V-A-2 Certificates, until the Class
V-A-2 Principal Balance has been reduced to zero;
(2) second, to the Class V-A-5 Certificates, until the
Class V-A-5 Principal Balance has been reduced to zero; and
(3) third, to the Class V-A-4 Certificates, until the Class
V-A-4 Principal Balance has been reduced to zero;
(iii) third, to the Group V-A Certificates, as principal, the
Group V Senior Principal Distribution Amount, as follows:
(a) first, to the Class V-A-3 Certificates, an amount, up to the
amount of the Class V-A-3 Lockout Principal Distribution Amount for
such Distribution Date, until the Class V-A-3 Principal Balance has
been reduced to zero;
(b) second, to the Class V-A-1 Certificates, the portion of the
Group V Senior Principal Distribution Amount remaining after the
distribution described above, until the Class V-A-1 Principal Balance
has been reduced to zero;
(c) third, to the Class V-A-2 Certificates, the portion of the
Group V Senior Principal Distribution Amount remaining after the
distributions described above, until the Class V-A-2 Principal Balance
has been reduced to zero;
(d) fourth, to the Class V-A-5 Certificates, the portion of the
Group V Senior Principal Distribution Amount remaining after the
distributions described above, until the Class V-A-5 Principal
Balance has been reduced to zero;
(e) fifth, to the Class V-A-4 Certificates, the portion of the
Group V Senior Principal Distribution Amount remaining after the
distributions described above, until the Class V-A-4 Principal
Balance has been reduced to zero; and
(f) sixth, to the Class V-A-3 Certificates, the portion of the
Group V Senior Principal Distribution Amount remaining after the
distributions described above, until the Class V-A-3 Principal Balance
has been reduced to zero;
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<PAGE>
(iv) fourth, to the Class V-B-1 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(v) fifth, to the Class V-B-1 Certificates, the Interest Distribution
Amount for such Class of Certificates for the current Distribution Date;
(vi) sixth, to the Class V-B-1 Certificates, the portion of the Group
V Subordinate Principal Distribution Amount allocable to such Class of
Certificates pursuant to the definition of "Group V Subordinate Principal
Distribution Amount", until the Class V-B-1 Principal Balance has been
reduced to zero;
(vii) seventh, to the Class V-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(viii) eighth, to the Class V-B-2 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(ix) ninth, to the Class V-B-2 Certificates, the portion of the Group
V Subordinate Principal Distribution Amount allocable to such Class of
Certificates pursuant to the definition of "Group V Subordinate Principal
Distribution Amount", until the Class V-B-2 Principal Balance has been
reduced to zero;
(x) tenth, to the Class V-B-3 Certificates, the Interest Distribution
Amount for such Class of Certificates remaining unpaid from previous
Distribution Dates;
(xi) eleventh, to the Class V-B-3 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xii) twelfth, to the Class V-B-3 Certificates, the portion of the
Group V Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group V Subordinate
Principal Distribution Amount", until the Class V-B-3 Principal Balance has
been reduced to zero;
(xiii) thirteenth, to the Class V-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xiv) fourteenth, to the Class V-B-4 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xv) fifteenth, to the Class V-B-4 Certificates, the portion of the
Group V Subordinate Principal Distribution Amount allocable to such Class
of Certificates pursuant to the definition of "Group V Subordinate
Principal Distribution Amount", until the Class V-B-4 Principal Balance has
been reduced to zero;
(xvi) sixteenth, to the Class V-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
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<PAGE>
(xvii) seventeenth, to the Class V-B-5 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xviii) eighteenth, to the Class V-B-5 Certificates, the portion of
the Group V Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group V Subordinate
Principal Distribution Amount", until the Class V-B-5 Principal Balance has
been reduced to zero;
(xix) nineteenth, to the Class V-B-6 Certificates, the Interest
Distribution Amount for such Class of Certificates remaining unpaid from
previous Distribution Dates;
(xx) twentieth, to the Class V-B-6 Certificates, the Interest
Distribution Amount for such Class of Certificates for the current
Distribution Date;
(xxi) twenty-first, to the Class V-B-6 Certificates, the portion
of the Group V Subordinate Principal Distribution Amount allocable to such
Class of Certificates pursuant to the definition of "Group V Subordinate
Principal Distribution Amount", until the Class V-B-6 Principal Balance has
been reduced to zero;
(xxii) twenty-second, to each Class of Group V-B Certificates in
the order of seniority, the remaining portion, if any, of the Available
Distribution Amount for Loan Group V, up to the amount of unreimbursed
Realized Losses previously allocated to such Class, if any, provided that
any amounts distributed in respect of losses pursuant to this paragraph
(I)(f)(xxii) of this definition of "Certificate Distribution Amount" shall
not cause a further reduction in the Class Principal Balances of the Group
V-B Certificates; and
(xxiii) twenty-third, to the Class R Certificates, the Residual
Distribution Amount for Loan Group V for such Distribution Date;
(II) For any Distribution Date on or after the Combined Credit Support
Depletion Date or the Group III, Group IV or Group V Credit Support Depletion
Date, as applicable, the Available Distribution Amount for the related Loan
Group shall be distributed to the outstanding Classes of Certificates of the
related Certificate Group (or Certificate Groups in the case of the Combined
Credit Support Depletion Date) in the following amounts and priority:
(a) With respect to the Group I and Class R Certificates, on each
Distribution Date on or after the Combined Credit Support Depletion Date, to the
extent of the Available Distribution Amount for Loan Group I remaining following
prior distributions, if any, on such Distribution Date:
(i) first, to the Class I-P Certificates, principal in the amount
that would otherwise be distributed to such Class on such Distribution Date
pursuant to clause (I)(a)(i) of this definition of "Certificate
Distribution Amount";
(ii) second, to the Class I-A-1 and Class I-X Certificates, the amount
payable to each such Class of Certificates on prior Distribution Dates
pursuant to clause (I)(a)(ii) or (II)(a)(iii) of this definition of
"Certificate Distribution Amount", and remaining unpaid,
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<PAGE>
pro rata according to such amount payable to the extent of amounts
available;
(iii) third, to the Class I-A-1 and Class I-X Certificates, the
sum of the Interest Distribution Amounts for such Classes of Certificates
for the current Distribution Date, pro rata according to their respective
Interest Distribution Amounts;
(iv) fourth, to the Class I-A-1 Certificates, the Group I Senior
Principal Distribution Amount until the Class I-A-1 Principal Balance has
been reduced to zero; and
(v) fifth, to the Class R Certificates, the Residual Distribution
Amount for Loan Group I for such Distribution Date;
(b) With respect to the Group II and Class R Certificates, on each
Distribution Date on or after the Combined Credit Support Depletion Date, to the
extent of the Available Distribution Amount for Loan Group II remaining
following prior distributions, if any, on such Distribution Date:
(i) First, to the Class II-P Certificates, principal in the amount
that would otherwise be distributed to such Class on such Distribution Date
pursuant to clause (I)(b)(i) of this definition of "Certificate
Distribution Amount";
(ii) Second, to the Class II-A-1 and Class II-X Certificates, the
amount payable to each such Class of Certificates on prior Distribution
Dates pursuant to clause (I)(b)(ii) or (II)(b)(iii) of this definition of
"Certificate Distribution Amount", and remaining unpaid, pro rata according
to such amount payable to the extent of amounts available;
(iii) Third, to the Class II-A-1 and Class II-X Certificates, the
sum of the Interest Distribution Amounts for such Classes of Certificates
for the current Distribution Date, pro rata according to their respective
Interest Distribution Amounts; and
(iv) Fourth, to the Class II-A-1 Certificates, the Group II Senior
Principal Distribution Amount, until the Class II-A-1 Principal Balance has
been reduced to zero; and
(v) Fifth, to the Class R Certificates, the Residual Distribution
Amount for Loan Group II for such Distribution Date;
(c) With respect to the Group III and Class R Certificates, on each
Distribution Date on or after the Group III Credit Support Depletion Date, to
the extent of the Available Distribution Amount for Loan Group III remaining
following prior distributions, if any, on such Distribution Date:
(i) first, to the Class III-P Certificates, principal in the amount
that would otherwise be distributed to such Class on such Distribution Date
pursuant to clause (I)(d)(i) of this definition of "Certificate
Distribution Amount";
(ii) second, to the Group III-A and Class III-X Certificates, the
amount
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<PAGE>
payable to each such Class of Certificates on prior Distribution
Dates pursuant to clause (I)(d)(ii) or (II)(c)(iii) of this definition of
"Certificate Distribution Amount", and remaining unpaid, pro rata according
to such amount payable to the extent of amounts available;
(iii) third, to the Group III-A and Class III-X Certificates, the
Interest Distribution Amount for such Class of Certificates for the current
Distribution Date, pro rata according to their respective Interest
Distribution Amounts;
(iv) fourth, to the Group III-A Certificates, the Group III Senior
Principal Distribution Amount, pro rata according to their respective Class
Principal Balances; and
(v) fifth, to the Class R Certificates, the Residual Distribution
Amount for Loan Group III for such Distribution Date;
(d) With respect to the Group IV Certificates, on each Distribution Date
on or after the Group IV Credit Support Depletion Date, to the extent of the
Available Distribution Amount for Loan Group IV remaining following prior
distributions, if any, on such Distribution Date:
(i) first, to the Class IV-P Certificates, principal in the amount
that would otherwise be distributed to such Class on such Distribution Date
pursuant to clause (I)(e)(i) of this definition of "Certificate
Distribution Amount";
(ii) second, to the Group IV-A, Class IV-X and Class R Certificates,
the amount payable to each such Class of Certificates on prior Distribution
Dates pursuant to clause (I)(e)(ii) or (II)(d)(iii) of this definition of
"Certificate Distribution Amount", and remaining unpaid, pro rata according
to such amount payable to the extent of amounts available;
(iii) third, to the Group IV-A, Class IV-X and Class R
Certificates, the Interest Distribution Amount for such Classes of
Certificates for the current Distribution Date, pro rata according to their
respective Interest Distribution Amounts;
(iv) fourth, to the Group IV-A and Class R Certificates, the Group IV
Senior Principal Distribution Amount, pro rata according to their
respective Class Principal Balances; and
(v) fifth, to the Class R Certificates, the Residual Distribution
Amount for Loan Group IV for such Distribution Date; and
(e) With respect to the Group V and Class R Certificates, on each
Distribution Date on or after the Group V Credit Support Depletion Date, to the
extent of the Available Distribution Amount for Loan Group V remaining following
prior distributions, if any, on such Distribution Date:
(i) first, to the Group V-A, Class V-X-1 and Class V-X-2
Certificates, the amount payable to each such Class of Certificates on
prior Distribution Dates pursuant to
23
<PAGE>
clause (I)(f)(i) or (II)(e)(ii) of this definition of "Certificate
Distribution Amount", and remaining unpaid, pro rata according to such
amount payable to the extent of amounts available;
(ii) second, to the Group V-A, Class V-X-1 and Class V-X-2
Certificates, the Interest Distribution Amount for each such Class of
Certificates for the current Distribution Date, pro rata according to their
respective Interest Distribution Amounts;
(iii) third, to the Group V-A Certificates, the Group V Senior
Principal Distribution Amount, pro rata according to their respective Class
Principal Balances; and
(iv) fourth, to the Class R Certificates, the Residual Distribution
Amount for Loan Group V for such Distribution Date.
CERTIFICATE GROUP: Any of the Group I, Group II, Group III, Group IV,
Group V and Group C-B Certificates. With respect to the Group C-B Certificates,
the "related" Loan Groups are the Group I Loans and the Group II Loans. With
respect to the Group I Certificates, the "related" Loan Group is the Group I
Loans. With respect to the Group II Certificates, the "related" Loan Group is
the Group II Loans. With respect to the Group III Certificates, the "related"
Loan Group is the Group III Loans. With respect to the Group IV Certificates,
the "related" Loan Group is the Group IV Loans. With respect to the Group V
Certificates, the "related" Loan Group is the Group V Loans.
CERTIFICATE PRINCIPAL BALANCE: For each Certificate of any Class, the
portion of the related Class Principal Balance, if any, represented by such
Certificate.
CERTIFICATEHOLDER OR HOLDER: The person in whose name a Certificate is
registered in the Certificate Register, except that, solely for the purposes of
giving any consent pursuant to this Agreement, any Certificate registered in the
name of the Company, the Master Servicer or any affiliate thereof shall be
deemed not to be outstanding and the Percentage Interest evidenced thereby shall
not be taken into account in determining whether the requisite percentage of
Percentage Interests necessary to effect any such consent has been obtained;
provided, that the Trustee may conclusively rely upon an Officer's Certificate
to determine whether any Person is an affiliate of the Company or the Master
Servicer.
CERTIFICATE REGISTER AND CERTIFICATE REGISTRAR: The register maintained and
the registrar appointed, respectively, pursuant to Section 5.03.
CLASS: All Certificates having the same priority and rights to payments on
the Mortgage Loans from the Available Distribution Amount, which Certificates
shall be designated as a separate Class, and which Class shall be set forth in
the applicable forms of Certificates attached hereto as Exhibits A and B. Each
Class of Certificates shall be entitled to receive the amounts allocated to such
Class pursuant to the definition of "Certificate Distribution Amount" only to
the extent of the Available Distribution Amount for such Distribution Date
remaining after distributions in accordance with prior clauses of the definition
of "Certificate Distribution Amount".
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<PAGE>
CLASS A CERTIFICATES: The Class I-A-1, Class II-A-1, Group III-A, Group
IV-A and Group V-A Certificates, collectively.
CLASS B CERTIFICATES: The Group C-B, Group III-B, Group IV-B and Group V-B
Certificates, collectively.
CLASS C-B-1 CERTIFICATES: The Certificates designated as "Class C-B-1" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-1.
CLASS C-B-2 CERTIFICATES: The Certificates designated as "Class C-B-2" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-2.
CLASS C-B-3 CERTIFICATES: The Certificates designated as "Class C-B-3" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-3.
CLASS C-B-4 CERTIFICATES: The Certificates designated as "Class C-B-4" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-4.
CLASS C-B-5 CERTIFICATES: The Certificates designated as "Class C-B-5" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-5.
CLASS C-B-6 CERTIFICATES: The Certificates designated as "Class C-B-6" on
the face thereof in substantially the form attached hereto as Exhibit A-C-B-6.
CLASS P CERTIFICATES: The Class I-P, Class II-P, Class III-P and Class IV-P
Certificates, collectively.
CLASS P FRACTION: Any of the Class I-P Fraction, Class II-P Fraction, Class
III-P Fraction or Class IV-P Fraction, as applicable.
CLASS P MORTGAGE LOAN: Any of the Class I-P Mortgage Loans, Class II-P
Mortgage Loans, Class III-P Mortgage Loans or Class IV-P Mortgage Loans.
CLASS X CERTIFICATES: The Class I-X, Class II-X, Class III-X, Class IV-X,
Class V-X-1 and Class V-X-2 Certificates, collectively.
CLASS I-A-1 CERTIFICATES: The Certificates designated as "Class I-A-1" on
the face thereof in substantially the form attached hereto as Exhibit A-I-A-1.
CLASS I-P CERTIFICATES: The Certificates designated as "Class I-P" on the
face thereof in substantially the form attached hereto as Exhibit A-I-P.
CLASS I-P FRACTION: For each Class I-P Mortgage Loan, a fraction, the
numerator of which is 7.000% less the Pass-Through Rate on such Class I-P
Mortgage Loan and the denominator of which is 7.000%.
CLASS I-P MORTGAGE LOAN: Any Group I Loan with a Pass-Through Rate of less
than 7.000% per annum.
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<PAGE>
CLASS I-X CERTIFICATES: The Certificates designated as "Class I-X" on the
face thereof in substantially the form attached hereto as Exhibit A-I-X.
CLASS I-X NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of (x) the aggregate scheduled principal balance, as of the second
preceding Due Date after giving effect to payments scheduled to be received as
of such Due Date, whether or not received, or with respect to the initial
Distribution Date, as of the Cut-Off Date, of the Group I Premium Rate Mortgage
Loans and (y) a fraction, the numerator of which is the weighted average of the
Stripped Interest Rates for the Group I Premium Rate Mortgage Loans as of such
Due Date and the denominator of which is 7.000%.
CLASS II-A-1 CERTIFICATES: The Certificates designated as "Class II-A-1" on
the face thereof in substantially the form attached hereto as Exhibit A-II-A-1.
CLASS II-P CERTIFICATES: The Certificates designated as "Class II-P" on the
face thereof in substantially the form attached hereto as Exhibit A-II-P.
CLASS II-P FRACTION: For each Class II-P Mortgage Loan, a fraction, the
numerator of which is 7.000% less the Pass-Through Rate on such Class II-P
Mortgage Loan and the denominator of which is 7.000%.
CLASS II-P MORTGAGE LOAN: Any Group II Loan with a Pass-Through Rate of
less than 7.000% per annum.
CLASS II-X CERTIFICATES: The Certificates designated as "Class II-X" on the
face thereof in substantially the form attached hereto as Exhibit A-II-X.
CLASS II-X NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of (x) the aggregate scheduled principal balance, as of the second
preceding Due Date after giving effect to payments scheduled to be received as
of such Due Date, whether or not received, or with respect to the initial
Distribution Date, as of the Cut-Off Date, of the Group II Premium Rate Mortgage
Loans and (y) a fraction, the numerator of which is the weighted average of the
Stripped Interest Rates for the Group II Premium Rate Mortgage Loans as of such
Due Date and the denominator of which is 7.000%.
CLASS III-A-1 CERTIFICATES: The Certificates designated as "Class
III-A-1" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-1.
CLASS III-A-2 CERTIFICATES: The Certificates designated as "Class
III-A-2" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-2.
CLASS III-A-3 CERTIFICATES: The Certificates designated as "Class
III-A-3" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-3.
CLASS III-A-4 CERTIFICATES: The Certificates designated as "Class
III-A-4" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-4.
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CLASS III-A-5 CERTIFICATES: The Certificates designated as "Class
III-A-5" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-5.
CLASS III-A-6 CERTIFICATES: The Certificates designated as "Class
III-A-6" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-6.
CLASS III-A-7 CERTIFICATES: The Certificates designated as "Class
III-A-7" on the face thereof in substantially the form attached hereto as
Exhibit A-III-A-7.
CLASS III-A-7 LIQUIDATION AMOUNT: The aggregate, for each Group III Loan
which became a Liquidated Mortgage Loan during the calendar month preceding
the month of the Distribution Date, of the lesser of (i) the Class III-A-7
Percentage of the Principal Balance of such Mortgage Loan (exclusive of the
Class III-P Fraction thereof, with respect to any Class III-P Mortgage Loan)
and (ii) the Class III-A-7 Percentage on any Distribution Date occurring
prior to the fifth anniversary of the first Distribution Date, and the Class
III-A-7 Prepayment Percentage on any Distribution Date thereafter, in each
case, of the Liquidation Principal with respect to such Mortgage Loan.
CLASS III-A-7 LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT: For any
Distribution Date, the sum of (i) the Class III-A-7 Percentage of the
Principal Payment Amount for Loan Group III (exclusive of the portion thereof
attributable to principal distributions to the Class III-P Certificates
pursuant to clause (I)(d)(i) of the definition of "Certificate Distribution
Amount"), (ii) the Class III-A-7 Prepayment Percentage of the Principal
Prepayment Amount for Loan Group III (exclusive of the portion thereof
attributable to principal distributions to the Class III-P Certificates
pursuant to clause (I)(d)(i) of the definition of "Certificate Distribution
Amount") and (iii) the Class III-A-7 Liquidation Amount.
CLASS III-A-7 PERCENTAGE: For any Distribution Date, the Class III-A-7
Principal Balance divided by the aggregate Class Principal Balance of the
Group III Certificates (less the Class III-P Principal Balance), in each case
immediately prior to such Distribution Date.
CLASS III-A-7 PREPAYMENT PERCENTAGE: For any Distribution Date, the
product of the Class III-A-7 Percentage and the Step Down Percentage.
CLASS III-B-1 CERTIFICATES: The Certificates designated as "Class III-B-1" on
the face thereof in substantially the form attached hereto as Exhibit
A-III-B-1.
CLASS III-B-2 CERTIFICATES: The Certificates designated as "Class
III-B-2" on the face thereof in substantially the form attached hereto as
Exhibit A-III-B-2.
CLASS III-B-3 CERTIFICATES: The Certificates designated as "Class
III-B-3" on the face thereof in substantially the form attached hereto as
Exhibit A-III-B-3.
CLASS III-B-4 CERTIFICATES: The Certificates designated as "Class
III-B-4" on the face thereof in substantially the form attached hereto as
Exhibit A-III-B-4.
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CLASS III-B-5 CERTIFICATES: The Certificates designated as "Class
III-B-5" on the face thereof in substantially the form attached hereto as
Exhibit A-III-B-5.
CLASS III-B-6 CERTIFICATES: The Certificates designated as "Class
III-B-6" on the face thereof in substantially the form attached hereto as
Exhibit A-III-B-6.
CLASS III-P CERTIFICATES: The Certificates designated as "Class III-P"
on the face thereof in substantially the form attached hereto as Exhibit
A-III-P.
CLASS III-P FRACTION: For each Class III-P Mortgage Loan, a fraction,
the numerator of which is 6.750% less the Pass-Through Rate on such Class
III-P Mortgage Loan and the denominator of which is 6.750%.
CLASS III-P MORTGAGE LOAN: Any Group III Loan with a Pass-Through Rate
of less than 6.750% per annum.
CLASS III-X CERTIFICATES: The Certificates designated as "Class III-X"
on the face thereof in substantially the form attached hereto as Exhibit
A-III-X.
CLASS III-X NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of (x) the aggregate scheduled principal balance, as of the second
preceding Due Date after giving effect to payments scheduled to be received
as of such Due Date, whether or not received, or with respect to the initial
Distribution Date, as of the Cut-Off Date, of the Group III Premium Rate
Mortgage Loans and (y) a fraction, the numerator of which is the weighted
average of the Stripped Interest Rates for the Group III Premium Rate
Mortgage Loans as of such Due Date and the denominator of which is 6.750%.
CLASS IV-A-1 CERTIFICATES: The Certificates designated as "Class IV-A-1"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-A-1.
CLASS IV-A-2 CERTIFICATES: The Certificates designated as "Class IV-A-2"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-A-2.
CLASS IV-B-1 CERTIFICATES: The Certificates designated as "Class IV-B-1"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-1.
CLASS IV-B-2 CERTIFICATES: The Certificates designated as "Class IV-B-2"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-2.
CLASS IV-B-3 CERTIFICATES: The Certificates designated as "Class IV-B-3"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-3.
CLASS IV-B-4 CERTIFICATES: The Certificates designated as "Class IV-B-4"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-4.
CLASS IV-B-5 CERTIFICATES: The Certificates designated as "Class IV-B-5"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-5.
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CLASS IV-B-6 CERTIFICATES: The Certificates designated as "Class IV-B-6"
on the face thereof in substantially the form attached hereto as Exhibit
A-IV-B-6.
CLASS IV-P CERTIFICATES: The Certificates designated as "Class IV-P" on
the face thereof in substantially the form attached hereto as Exhibit A-IV-P.
CLASS IV-P FRACTION: For each Class IV-P Mortgage Loan, a fraction, the
numerator of which is 6.750% less the Pass-Through Rate on such Class IV-P
Mortgage Loan and the denominator of which is 6.750%.
CLASS IV-P MORTGAGE LOAN: Any Group IV Loan with a Pass-Through Rate of
less than 6.750% per annum.
CLASS IV-X CERTIFICATES: The Certificates designated as "Class IV-X" on
the face thereof in substantially the form attached hereto as Exhibit A-IV-X.
CLASS IV-X NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of (x) the aggregate scheduled principal balance, as of the second
preceding Due Date after giving effect to payments scheduled to be received
as of such Due Date, whether or not received, or with respect to the initial
Distribution Date, as of the Cut-Off Date, of the Group IV Premium Rate
Mortgage Loans and (y) a fraction, the numerator of which is the weighted
average of the Stripped Interest Rates for the Group IV Premium Rate Mortgage
Loans as of such Due Date and the denominator of which is 6.750%.
CLASS V-A-1 CERTIFICATES: The Certificates designated as "Class V-A-1"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-A-1.
CLASS V-A-2 CERTIFICATES: The Certificates designated as "Class V-A-2"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-A-2.
CLASS V-A-3 ADJUSTED PERCENTAGE: For any Distribution Date occurring
prior to the Distribution Date in March, 2003, 0%, and for any Distribution
Date thereafter, the Class V-A-3 Percentage.
CLASS V-A-3 CERTIFICATES: The Certificates designated as "Class V-A-3"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-A-3.
CLASS V-A-3 LIQUIDATION AMOUNT: The aggregate, for each Group V Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the
lesser of (i) the Class V-A-3 Percentage of the Principal Balance of such
Mortgage Loan and (ii) the Class V-A-3 Percentage on any Distribution Date
occurring prior to the fifth anniversary of the first Distribution Date, and
the Class V-A-3 Prepayment Percentage on any Distribution Date thereafter, in
each case, of the Liquidation Principal with respect to such Mortgage Loan.
CLASS V-A-3 LOCKOUT PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution
Date, the sum of (i) the Class V-A-3 Adjusted Percentage of the Principal
Payment Amount for Loan Group V, (ii) the Class V-A-3 Prepayment Percentage
of the Principal Prepayment Amount for Loan Group
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V and (iii) the Class V-A-3 Liquidation Amount.
CLASS V-A-3 PERCENTAGE: For any Distribution Date, the Class V-A-3
Principal Balance divided by the aggregate Class Principal Balance of the
Group V Certificates, in each case immediately prior to the Distribution Date.
CLASS V-A-3 PREPAYMENT PERCENTAGE: For any Distribution Date, the
product of (a) the Class V-A-3 Percentage and (b) the Step Down Percentage.
CLASS V-A-4 ACCRETION TERMINATION DATE: The earlier to occur of (i) the
Distribution Date on which the Class V-A-5 Principal Balance has been reduced
to zero and (ii) the Group V Credit Support Depletion Date.
CLASS V-A-4 ACCRUAL AMOUNT: On any Distribution Date, an amount equal to
the amount allocable to the Class V-A-4 Certificates on such Distribution
Date pursuant to the definition of "Interest Distribution Amount", without
regard to the proviso at the end of the first sentence of such definition.
Notwithstanding the foregoing, for any Distribution Date after the Class
V-A-4 Accretion Termination Date, the Class V-A-4 Accrual Amount shall be
zero.
CLASS V-A-4 CERTIFICATES: The Certificates designated as "Class V-A-4"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-A-4.
CLASS V-A-5 CERTIFICATES: The Certificates designated as "Class V-A-5"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-A-5.
CLASS V-B-1 CERTIFICATES: The Certificates designated as "Class V-B-1"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-1.
CLASS V-B-2 CERTIFICATES: The Certificates designated as "Class V-B-2"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-2.
CLASS V-B-3 CERTIFICATES: The Certificates designated as "Class V-B-3"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-3.
CLASS V-B-4 CERTIFICATES: The Certificates designated as "Class V-B-4"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-4.
CLASS V-B-5 CERTIFICATES: The Certificates designated as "Class V-B-5"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-5.
CLASS V-B-6 CERTIFICATES: The Certificates designated as "Class V-B-6"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-B-6.
CLASS V-X-1 CERTIFICATES: The Certificates designated as "Class V-X-1"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-X-1.
CLASS V-X-1 NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of
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(x) the aggregate scheduled principal balance, as of the second preceding Due
Date after giving effect to payments scheduled to be received as of such Due
Date, whether or not received, or with respect to the initial Distribution
Date, as of the Cut-Off Date, of the Class V-X-1 Premium Rate Mortgage Loans
and (y) a fraction, the numerator of which is the weighted average of the
Stripped Interest Rates for the Class V-X-1 Premium Rate Mortgage Loans as of
such Due Date and the denominator of which is 6.625%.
CLASS V-X-1 PREMIUM RATE MORTGAGE LOANS: The Group V Loans which have
Pass-Through Rates in excess of 6.625% per annum and which are identified as
subgroup V-1 loans on the Mortgage Loan Schedule.
CLASS V-X-2 CERTIFICATES: The Certificates designated as "Class V-X-2"
on the face thereof in substantially the form attached hereto as Exhibit
A-V-X-2.
CLASS V-X-2 NOTIONAL AMOUNT: With respect to any Distribution Date, the
product of (x) the aggregate scheduled principal balance, as of the second
preceding Due Date after giving effect to payments scheduled to be received
as of such Due Date, whether or not received, or with respect to the initial
Distribution Date, as of the Cut-Off Date, of the Class V-X-2 Premium Rate
Mortgage Loans and (y) a fraction, the numerator of which is the weighted
average of the Stripped Interest Rates for the Class V-X-2 Premium Rate
Mortgage Loans as of such Due Date and the denominator of which is 6.625%.
CLASS V-X-2 PREMIUM RATE MORTGAGE LOANS: The Group V Loans which have
Pass-Through Rates in excess of 6.625% per annum and which are identified on
the Mortgage Loan Schedule as subgroup V-2 loans.
CLASS NOTIONAL AMOUNT: With respect to any of the Class X Certificates,
the related notional amount for any such Class, as specified herein (i.e. the
"Class Notional Amount" for the Class I-X Certificates is the Class I-X
Notional Amount).
CLASS PRINCIPAL BALANCE: For any Class of Certificates, the applicable
initial Class Principal Balance therefor set forth in the Preliminary
Statement hereto, corresponding to the rights of such Class in payments of
principal due to be passed through to Certificateholders from principal
payments on the Mortgage Loans, as reduced from time to time by (x)
distributions of principal to Certificateholders of such Class (including,
with respect to the Accretion Directed Classes, the portions of the Class
V-A-4 Accrual Amount distributed to such Classes of Certificates) and (y) the
portion of Realized Losses allocated to the Class Principal Balance of such
Class pursuant to the definition of "Realized Loss" with respect to a given
Distribution Date. For any Distribution Date, the reduction of the Class
Principal Balance of any Class of Certificates pursuant to the definition of
"Realized Loss" shall be deemed effective prior to the determination and
distribution of principal on such Class pursuant to the definition of
"Certificate Distribution Amount". In addition to the foregoing, on each
Distribution Date on or before the Class V-A-4 Accretion Termination Date,
the Class V-A-4 Principal Balance will be increased by the Class V-A-4
Accrual Amount for such Distribution Date. Notwithstanding the foregoing, any
amounts distributed in respect of losses pursuant to paragraphs (I)(c)(ii),
(I)(d)(vi) or (I)(e)(vi) of the definition of "Certificate Distribution
Amount" shall not cause a further reduction in the Class
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Principal Balances of the Class P Certificates, as applicable. The Class
Principal Balance for the Class I-A-1 Certificates shall be referred to as
the "Class I-A-1 Principal Balance", and so on. The Class Principal Balance
for the Class X Certificates shall be zero.
CLASS R CERTIFICATES: The Certificates designated as "Class R" on the
face thereof in substantially the form attached hereto as Exhibit B, which
have been designated as the single class of "residual interest" in the Trust
Fund pursuant to Section 2.01.
CLEARING AGENCY: An organization registered as a "clearing agency"
pursuant to Section 17A of the Securities Exchange Act of 1934, as amended,
which initially shall be DTC.
CLOSING DATE: February 27, 1998, which is the date of settlement of the
sale of the Certificates to the original purchasers thereof.
CODE: The Internal Revenue Code of 1986, as amended.
COMBINED CREDIT SUPPORT DEPLETION DATE: The first Distribution Date on
which the aggregate of the Class Principal Balances of the Group C-B
Certificates has been or will be reduced to zero as a result of principal
distributions thereon and the allocation of Realized Losses on such
Distribution Date.
COMPANY: PNC Mortgage Securities Corp., a Delaware corporation, or its
successor-in-interest.
COMPENSATING INTEREST: For any Distribution Date with respect to each
Loan Group and the Mortgage Loans contained therein, the lesser of (i) the
sum of (a) the aggregate Master Servicing Fee payable with respect to such
Loan Group on such Distribution Date, (b) the aggregate Payoff Earnings with
respect to such Loan Group and (c) the aggregate Payoff Interest with respect
to such Loan Group and (ii) the aggregate Uncollected Interest with respect
to such Loan Group.
COOPERATIVE: A private, cooperative housing corporation organized under
the laws of, and headquartered in, the States of New York or New Jersey which
owns or leases land and all or part of a building or buildings located in
such states, including apartments, spaces used for commercial purposes and
common areas therein and whose board of directors authorizes, among other
things, the sale of Cooperative Stock.
COOPERATIVE APARTMENT: A dwelling unit in a multi-dwelling building
owned or leased by a Cooperative, which unit the Mortgagor has an exclusive
right to occupy pursuant to the terms of a proprietary lease or occupancy
agreement.
COOPERATIVE LEASE: With respect to a Cooperative Loan, the proprietary
lease or occupancy agreement with respect to the Cooperative Apartment
occupied by the Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the holder of such
Cooperative Stock to occupy such apartment.
COOPERATIVE LOANS: Any of the Mortgage Loans made in respect of a
Cooperative
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Apartment, evidenced by a Mortgage Note and secured by (i) a Security
Agreement, (ii) the related Cooperative Stock Certificate, (iii) an
assignment or mortgage of the Cooperative Lease, (iv) financing statements
and (v) a stock power (or other similar instrument), and ancillary thereto, a
recognition agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and assigned to the Trustee
pursuant to Section 2.01 and are from time to time held as part of the Trust
Fund created hereunder.
COOPERATIVE STOCK: With respect to a Cooperative Loan, the single
outstanding class of stock, partnership interest or other ownership
instrument in the related Cooperative.
COOPERATIVE STOCK CERTIFICATE: With respect to a Cooperative Loan, the
stock certificate or other instrument evidencing the related Cooperative
Stock.
CORPORATE TRUST OFFICE: The corporate trust office of the Trustee in the
State of Minnesota, at which at any particular time its corporate trust business
with respect to this Agreement shall be administered, which office at the date
of the execution of this Agreement is located at 180 East 5th Street, SPFT0210,
St. Paul, MN 55101, Attention: Structured Finance PNC 1998-2.
CURTAILMENT: Any payment of principal on a Mortgage Loan, made by or on
behalf of the related Mortgagor, other than a Monthly Payment, a Prepaid Monthly
Payment or a Payoff, which is applied to reduce the outstanding principal
balance of the Mortgage Loan.
CURTAILMENT SHORTFALL: With respect to any Curtailment applied with a
Monthly Payment other than a Prepaid Monthly Payment, an amount equal to one
month's interest on such Curtailment at the applicable Pass-Through Rate on such
Mortgage Loan.
CUSTODIAL ACCOUNT FOR P&I: The Custodial Account for principal and
interest established and maintained by each Servicer pursuant to its Selling
and Servicing Contract and caused by the Master Servicer to be established
and maintained pursuant to Section 3.02 (a) with the corporate trust
department of the Trustee or another financial institution approved by the
Master Servicer such that the rights of the Master Servicer, the Trustee and
the Certificateholders thereto shall be fully protected against the claims of
any creditors of the applicable Servicer and of any creditors or depositors
of the institution in which such account is maintained, (b) within FDIC
insured accounts (or other accounts with comparable insurance coverage
acceptable to the Rating Agencies) created, maintained and monitored by a
Servicer or (c) in a separate non-trust account without FDIC or other
insurance in an Eligible Institution. In the event that a Custodial Account
for P&I is established pursuant to clause (b) of the preceding sentence,
amounts held in such Custodial Account for P&I shall not exceed the level of
deposit insurance coverage on such account; accordingly, more than one
Custodial Account for P&I may be established. Any amount that is at any time
not protected or insured in accordance with the first sentence of this
definition of "Custodial Account for P&I" shall promptly be withdrawn from
such Custodial Account for P&I and be remitted to the Investment Account.
CUSTODIAL ACCOUNT FOR RESERVES: The Custodial Account for Reserves
established and maintained by each Servicer pursuant to its Selling and
Servicing Contract and caused by the
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Master Servicer to be established and maintained pursuant to Section 3.02 (a)
with the corporate trust department of the Trustee or another financial
institution approved by the Master Servicer such that the rights of the
Master Servicer, the Trustee and the Certificateholders thereto shall be
fully protected against the claims of any creditors of the applicable
Servicer and of any creditors or depositors of the institution in which such
account is maintained, (b) within FDIC insured accounts (or other accounts
with comparable insurance coverage acceptable to the Rating Agencies)
created, maintained and monitored by a Servicer or (c) in a separate
non-trust account without FDIC or other insurance in an Eligible Institution.
In the event that a Custodial Account for Reserves is established pursuant to
clause (b) of the preceding sentence, amounts held in such Custodial Account
for Reserves shall not exceed the level of deposit insurance coverage on such
account; accordingly, more than one Custodial Account for Reserves may be
established. Any amount that is at any time not protected or insured in
accordance with the first sentence of this definition of "Custodial Account
for Reserves" shall promptly be withdrawn from such Custodial Account for
Reserves and be remitted to the Investment Account.
CUSTODIAL AGREEMENT: The agreement, if any, among the Master Servicer,
the Trustee and a Custodian providing for the safekeeping of the Mortgage
Files on behalf of the Certificateholders.
CUSTODIAN: A custodian which is not an affiliate of the Master Servicer
or the Company and which is appointed pursuant to a Custodial Agreement. Any
Custodian so appointed shall act as agent on behalf of the Trustee, and shall
be compensated by the Trustee at no additional charge to the Master Servicer.
The Trustee shall remain at all times responsible under the terms of this
Agreement, notwithstanding the fact that certain duties have been assigned to
a Custodian.
CUT-OFF DATE: February 1, 1998.
DCR: Duff & Phelps Credit Rating Co., provided that at any time it be a
Rating Agency.
DEFINITIVE CERTIFICATES: As defined in Section 5.07.
DEPOSITARY AGREEMENT: The Letter of Representations, dated February 25,
1998 by and among DTC, the Company and the Trustee.
DESTROYED MORTGAGE NOTE: A Mortgage Note the original of which was
permanently lost or destroyed and has not been replaced.
DETERMINATION DATE: A day not later than the 10th day preceding a
related Distribution Date.
DISQUALIFIED ORGANIZATION: Any Person which is not a Permitted
Transferee, but does not include any Pass-Through Entity which owns or holds
a Residual Certificate and of which a Disqualified Organization, directly or
indirectly, may be a stockholder, partner or beneficiary.
DISTRIBUTION DATE: With respect to distributions on the Certificates,
the 25th day (or, if such 25th day is not a Business Day, the Business Day
immediately succeeding such 25th day) of each month, with the first such date
being March 25, 1998.
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DTC: The Depository Trust Company.
DTC PARTICIPANT: A broker, dealer, bank, other financial institution or
other Person for whom DTC effects book-entry transfers and pledges of securities
deposited with DTC.
DUE DATE: The first day of each calendar month, which is the day on which
the Monthly Payment for each Mortgage Loan is due.
ELIGIBLE INSTITUTION: An institution having (i) the highest short-term debt
rating, and one of the two highest long-term debt ratings of the Rating
Agencies, (ii) with respect to any Custodial Account for P&I and special
Custodial Account for Reserves, an unsecured long-term debt rating of at least
one of the two highest unsecured long-term debt ratings of the Rating Agencies,
(iii) with respect to any Buydown Fund Account or Custodial Account which also
serves as a Buydown Fund Account, the highest unsecured long-term debt rating by
the Rating Agencies, or (iv) the approval of the Rating Agencies. Such
institution may be the Servicer if the applicable Selling and Servicing Contract
requires the Servicer to provide the Master Servicer with written notice on the
Business Day following the date on which the Servicer determines that such
Servicer's short-term debt and unsecured long-term debt ratings fail to meet the
requirements of the prior sentence.
ELIGIBLE INVESTMENTS: Any one or more of the obligations or securities
listed below in which funds deposited in the Investment Account, the Certificate
Account, the Custodial Account for P&I and the Custodial Account for Reserves
may be invested:
(i) Obligations of, or guaranteed as to principal and interest by,
the United States or any agency or instrumentality thereof when such
obligations are backed by the full faith and credit of the United States;
(ii) Repurchase agreements on obligations described in clause (i) of
this definition of "Eligible Investments", provided that the unsecured
obligations of the party agreeing to repurchase such obligations have at
the time the highest short term debt rating of the Rating Agencies and
provided that such repurchaser's unsecured long term debt has one of the
two highest unsecured long term debt ratings of the Rating Agencies;
(iii) Federal funds, certificates of deposit, time deposits and
bankers' acceptances of any U.S. bank or trust company incorporated under
the laws of the United States or any state, provided that the debt
obligations of such bank or trust company at the date of acquisition
thereof have the highest short term debt rating of the Rating Agencies and
unsecured long term debt has one of the two highest unsecured long term
debt ratings of the Rating Agencies;
(iv) Obligations of, or obligations guaranteed by, any state of the
United States or the District of Columbia, provided that such obligations
at the date of acquisition thereof shall have the highest long-term debt
ratings available for such securities from the Rating Agencies;
(v) Commercial paper of any corporation incorporated under the laws
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of the United States or any state thereof, which on the date of acquisition
has the highest commercial paper rating of the Rating Agencies, provided
that the corporation has unsecured long term debt that has one of the two
highest unsecured long term debt ratings of the Rating Agencies;
(vi) Securities (other than stripped bonds or stripped coupons)
bearing interest or sold at a discount that are issued by any corporation
incorporated under the laws of the United States or any state thereof and
have the highest long-term unsecured rating available for such securities
from the Rating Agencies; provided, however, that securities issued by any
such corporation will not be investments to the extent that investment
therein would cause the outstanding principal amount of securities issued
by such corporation that are then held as part of the Investment Account or
the Certificate Account to exceed 20% of the aggregate principal amount of
all Eligible Investments then held in the Investment Account and the
Certificate Account;
(vii) Units of taxable money market funds (which may be 12b-1
funds, as contemplated under the rules promulgated by the Securities and
Exchange Commission under the Investment Company Act of 1940), which funds
have the highest rating available for such securities from the Rating
Agencies or which have been designated in writing by the Rating Agencies as
Eligible Investments; and
(viii) Such other instruments as shall not affect the Ratings;
PROVIDED, HOWEVER, that such obligation or security is held for a temporary
period pursuant to Section 1.860G-2(g)(1) of the Treasury Regulations, and that
such period can in no event exceed thirteen months.
In no event shall an instrument be an Eligible Investment if such
instrument (a) evidences a right to receive only interest payments with respect
to the obligations underlying such instrument or (b) has been purchased at a
price greater than the outstanding principal balance of such instrument.
ERISA: The Employee Retirement Income Security Act of 1974, as amended.
EVENT OF DEFAULT: Any event of default as specified in Section 7.01.
EXCESS LIQUIDATION PROCEEDS: With respect to any Distribution Date, the
excess, if any, of aggregate Liquidation Proceeds received during the previous
calendar month over the amount that would have been received if a Payoff had
been made with respect to each Mortgage Loan on the date such Liquidation
Proceeds were received.
FDIC: Federal Deposit Insurance Corporation, or any successor thereto.
FHA: Federal Housing Administration, or any successor thereto.
FHLB: Federal Home Loan Bank of San Francisco, or any successor thereto.
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FHLMC: Federal Home Loan Mortgage Corporation, or any successor thereto.
FNMA: Federal National Mortgage Association, or any successor thereto.
FRAUD COVERAGE: During the period prior to the first anniversary of the
Cut-Off Date, and with respect to each of (i) Loan Group I and Loan Group II,
(ii) Loan Group III, (iii) Loan Group IV and (iv) Loan Group V, the Fraud
Coverage Initial Amount for such Loan Group (or Loan Groups) reduced by Fraud
Losses allocated to the Certificates in the related Certificate Group (or
Certificate Groups in the case of the Fraud Coverage for Loan Group I and
Loan Group II); during the period from the first anniversary of the Cut-Off
Date to (but not including) the fifth anniversary of the Cut-Off Date, the
amount of the Fraud Coverage on the most recent previous anniversary of the
Cut-Off Date (calculated in accordance with the second sentence of this
definition) reduced by Fraud Losses allocated to the Certificates in the
related Certificate Group since such anniversary; and during the period on
and after the fifth anniversary of the Cut-Off Date, Fraud Coverage will be
zero. On each anniversary of the Cut-Off Date, Fraud Coverages shall be
reduced to the lesser of (i) (a) with respect to the combination of Loan
Group I and Loan Group II, Loan Group IV and Loan Group V, on the first,
second, third, and fourth anniversaries of the Cut-Off Date, 1.0% of the
aggregate principal balance of the Mortgage Loans in the related Loan Group
(or Loan Groups in the case of Loan Group I and Loan Group II) as of the Due
Date in the preceding month and (b) with respect to Loan Group III, on the
first anniversary of the Cut-Off Date, 1.0%, and on the second, third and
fourth anniversaries of the Cut-Off Date, 0.50%, of the aggregate principal
balance of the Group III Loans as of the Due Date in the preceding month and
(ii) the excess of the Fraud Coverage Initial Amount for such Loan Group or
Loan Groups over cumulative Fraud Losses allocated to the Certificates in the
related Certificate Group (or the related Certificate Groups in the case of
the Fraud Coverage for Loan Group I and Loan Group II) to date. Fraud
Coverage may be reduced upon written confirmation from the Rating Agencies
that such reduction will not adversely affect the then current ratings
assigned to the Certificates in the related Certificate Group by the Rating
Agencies.
FRAUD COVERAGE INITIAL AMOUNT: With respect to Loan Group I and Loan Group
II, $5,595,944, with respect to Loan Group III, $1,933,937, with respect to Loan
Group IV, $2,692,344 and with respect to Loan Group V, $8,929,420.
FRAUD LOSS: The occurrence of a loss on a Mortgage Loan arising from any
action, event or state of facts with respect to such Mortgage Loan which,
because it involved or arose out of any dishonest, fraudulent, criminal,
negligent or knowingly wrongful act, error or omission by the Mortgagor,
originator (or assignee thereof) of such Mortgage Loan, Lender, a Servicer or
the Master Servicer, would result in an exclusion from, denial of, or defense to
coverage which otherwise would be provided by a Primary Insurance Policy
previously issued with respect to such Mortgage Loan.
GROUP C-B CERTIFICATES: The Class C-B-1, Class C-B-2, Class C-B-3, Class
C-B-4, Class C-B-5 and Class C-B-6 Certificates, collectively.
GROUP C-B LOAN GROUP COMPONENT BALANCE: With respect to either Loan Group I
or Loan Group II at any time, the then outstanding aggregate Principal Balance
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of the Mortgage Loans in the applicable Loan Group minus the then outstanding
aggregate Class Principal Balance of the Group I Certificates or the Group II
Certificates, as applicable.
GROUP C-B PERCENTAGE: At any time, the aggregate Class Principal Balance of
the Group C-B Certificates divided by the then outstanding aggregate Principal
Balance of the Group I Loans and the Group II Loans.
GROUP C-B SUBORDINATE LIQUIDATION AMOUNT: The excess, if any, of the
aggregate Liquidation Principal for all Group I Loans and Group II Loans which
became Liquidated Mortgage Loans during the Prior Period, over the sum of the
Group I Senior Liquidation Amount and the Group II Senior Liquidation Amount for
such Distribution Date.
GROUP C-B SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT: On any Distribution
Date, the excess of (A) the sum of (i) the Group I Subordinate Percentage of
the Principal Payment Amount for Loan Group I (exclusive of the portion
thereof attributable to principal distributions to the Class I-P Certificates
pursuant to clause (I)(a)(i) of the definition of "Certificate Distribution
Amount"), (ii) the Group II Subordinate Percentage of the Principal Payment
Amount for Loan Group II (exclusive of the portion thereof attributable to
principal distributions to the Class II-P Certificates pursuant to clause
(I)(b)(i) of the definition of "Certificate Distribution Amount"), (iii) the
Group I Subordinate Principal Prepayments Distribution Amount, (iv) the Group
II Subordinate Principal Prepayments Distribution Amount and (v) the Group
C-B Subordinate Liquidation Amount over (B) the sum of (x) the amounts
required to be distributed to the Class I-P and Class II-P Certificates
pursuant to clauses (I)(c)(i) and (I)(c)(ii) of the definition of
"Certificate Distribution Amount" on such Distribution Date, (y) in the event
that the Class Principal Balance of either the Class I-A-1 or Class II-A-1
Certificates has been reduced to zero, principal paid from the Available
Distribution Amount of the Loan Group related to the Class A Certificates
whose Class Principal Balance has been reduced to zero to the Class I-A-1 or
Class II-A-1 Certificates which remain outstanding as set forth in clause (X)
of the last sentence of paragraph (I)(c) of the definition of "Certificate
Distribution Amount", and (z) the amounts in respect of principal paid from
the Available Distribution Amount of an Overcollateralized Group to an
Undercollateralized Group pursuant to clause (Y) of the last sentence of
paragraph (I)(c) of the definition of "Certificate Distribution Amount". Any
reduction in the Group C-B Subordinate Principal Distribution Amount pursuant
to clause (B) of this definition shall offset: (i) first the amount
calculated pursuant to clause (A)(i) and clause (A)(ii) of this definition,
pro rata, (ii) second, clause (A)(v) of this definition and (iii) third,
clause (A)(iii) and clause (A)(iv) of this definition, pro rata. On any
Distribution Date, the Group C-B Subordinate Principal Distribution Amount
shall be allocated pro rata, by Class Principal Balance, among the Classes of
Group C-B Certificates and paid in the order of distribution to such Classes
pursuant to clause (I)(c) of the definition of "Certificate Distribution
Amount", except as otherwise stated in such definition. Notwithstanding the
foregoing, on any Distribution Date prior to distributions on such date, if
the Subordination Level for any Class of Group C-B Certificates is less than
such percentage as of the Cut-Off Date, the pro rata portion of the Group C-B
Subordinate Principal Prepayments Distribution Amount otherwise allocable to
the Class or Classes junior to such Class will be distributed to the most
senior Class of the Group C-B Certificates for which the Subordination Level
is less than such percentage as of the Cut-Off Date, and to the Classes of
Group C-B Certificates senior thereto, pro rata according to the Class
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Principal Balances of such Classes. For purposes of this definition and the
definition of "Subordination Level", the relative seniority, from highest to
lowest, of the Group C-B Certificates shall be as follows: Class C-B-1, Class
C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6.
GROUP I CERTIFICATES: The Class I-A-1, Class I-P and Class I-X
Certificates, collectively.
GROUP I LOANS: The Mortgage Loans designated on the Mortgage Loan Schedule
as Group I Loans.
GROUP I PREMIUM RATE MORTGAGE LOANS: The Group I Loans having Pass-Through
Rates in excess of 7.000% per annum.
GROUP I SENIOR LIQUIDATION AMOUNT: The aggregate, for each Group I Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the lesser
of: (i) the Group I Senior Percentage of the Principal Balance of such Mortgage
Loan (exclusive of the Class I-P Fraction thereof, with respect to any Class I-P
Mortgage Loan), and (ii) the Group I Senior Prepayment Percentage of the
Liquidation Principal with respect to such Mortgage Loan.
GROUP I SENIOR PERCENTAGE: With respect to any Distribution Date, the
lesser of (i) 100% and (ii) the Class I-A-1 Principal Balance divided by the
aggregate Principal Balance of the Group I Loans (less the Class I-P Principal
Balance), in each case immediately prior to such Distribution Date.
GROUP I SENIOR PREPAYMENT PERCENTAGE OR GROUP II SENIOR PREPAYMENT
PERCENTAGE: (i) On any Distribution Date occurring before the Distribution Date
in the month of the fifth anniversary of the first Distribution Date, both the
Group I Senior Prepayment Percentage and the Group II Senior Prepayment
Percentage shall equal 100%; (ii) on any other Distribution Date on which the
Group I Senior Percentage for such Distribution Date exceeds the Group I Senior
Percentage as of the Cut-Off Date or the Group II Senior Percentage for such
Distribution Date exceeds the Group II Senior Percentage as of the Cut-Off Date,
both the Group I Senior Prepayment Percentage and the Group II Senior Prepayment
Percentage shall equal 100%; and (iii) on any other Distribution Date in each of
the months of the fifth anniversary of the first Distribution Date and
thereafter, both the Group I Senior Prepayment Percentage and the Group II
Senior Prepayment Percentage shall equal 100%, unless the following tests
specified in clause (a) and (b) are met with respect to both of Loan Group I and
Loan Group II:
(a) the mean aggregate principal balance of the Group I Loans and Group
II Loans which are 60 or more days delinquent (including loans in
foreclosure and property held by the Trust Fund) for each of the
immediately preceding six calendar months is less than or equal to
50% of the related Group C-B Loan Group Component Balance as of
such Distribution Date, and
(b) cumulative Realized Losses on each of the Group I Loans and Group
II Loans allocated to the Group C-B Certificates are less than or
equal to (1) for any Distribution Date before the month of the
sixth anniversary of the
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month of the first Distribution Date, 30% of the sum of the related
Group C-B Loan Group Component Balance as of the Cut-Off Date, (2)
for any Distribution Date in or after the month of the sixth
anniversary of the month of the first Distribution Date but before
the seventh anniversary of the month of the first Distribution
Date, 35% of the sum of the related Group C-B Loan Group Component
Balance as of the Cut-Off Date, (3) for any Distribution Date in or
after the month of the seventh anniversary of the month of the
first Distribution Date but before the eighth anniversary of the
month of the first Distribution Date, 40% of the sum of the related
Group C-B Loan Group Component Balance as of the Cut-Off Date, (4)
for any Distribution Date in or after the month of the eighth
anniversary of the month of the first Distribution Date but before
the ninth anniversary of the month of the first Distribution Date,
45% of the sum of the related Group C-B Loan Group Component
Balance as of the Cut-Off Date, and (5) for any Distribution Date
in or after the month of the ninth anniversary of the month of the
first Distribution Date, 50% of the sum of the related Group C-B
Loan Group Component Balance as of the Cut-Off Date,
in which case, as follows: (1) for any such Distribution Date in or after the
month of the fifth anniversary of the month of the first Distribution Date but
before the sixth anniversary of the month of the first Distribution Date, the
Group I Senior Percentage or Group II Senior Percentage, as applicable, for such
Distribution Date plus 70% of the Subordinate Percentage for the related Loan
Group for such Distribution Date; (2) for any such Distribution Date in or after
the month of the sixth anniversary of the month of the first Distribution Date
but before the seventh anniversary of the month of the first Distribution Date,
the Group I Senior Percentage or Group II Senior Percentage, as applicable, for
such Distribution Date plus 60% of the Subordinate Percentage for the related
Loan Group for such Distribution Date; (3) for any such Distribution Date in or
after the month of the seventh anniversary of the month of the first
Distribution Date but before the eighth anniversary of the month of the first
Distribution Date, the Group I Senior Percentage or Group II Senior Percentage,
as applicable, for such Distribution Date plus 40% of the Subordinate Percentage
for the related Loan Group for such Distribution Date; (4) for any such
Distribution Date in or after the month of the eighth anniversary of the month
of the first Distribution Date but before the ninth anniversary of the month of
the first Distribution Date, the Group I Senior Percentage or Group II Senior
Percentage, as applicable, for such Distribution Date plus 20% of the
Subordinate Percentage for the related Loan Group for such Distribution Date;
and (5) for any such Distribution Date thereafter, the Group I Senior Percentage
or Group II Senior Percentage, as applicable, for such Distribution Date.
If on any Distribution Date the allocation to the Group I Certificates
(other than the Class I-P Certificates) or the Group II Certificates (other than
the Class II-P Certificates) of Principal Prepayments in the percentage required
would reduce the sum of the Class Principal Balances of such Group I
Certificates (other than the Class I-P Certificates) or such Group II
Certificates (other than the Class II-P Certificates), respectively, below zero,
the Group I Senior Prepayment Percentage or the Group II Senior Prepayment
Percentage, as applicable, for such Distribution Date shall be limited to the
percentage necessary to reduce such sum to zero. Notwithstanding the foregoing,
however, on each Distribution Date, the Class I-P Certificates will receive the
Class I-P Fraction of all principal payments, including, without limitation,
Principal Prepayments, received in respect of each Class I-P Mortgage Loan and
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the Class II-P Certificates will receive the Class II-P Fraction of all
principal payments, including, without limitation, Principal Prepayments,
received in respect of each Class II-P Mortgage Loan.
GROUP I SENIOR PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution Date, an
amount equal to the sum of (a) the Group I Senior Percentage of the Principal
Payment Amount for Loan Group I (exclusive of the portion thereof attributable
to principal distributions to the Class I-P Certificates pursuant to clause
(I)(a)(i) of the definition of "Certificate Distribution Amount"), (b) the Group
I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group
I (exclusive of the portion thereof attributable to principal distributions to
the Class I-P Certificates pursuant to clause (I)(a)(i) of the definition of
"Certificate Distribution Amount") and (c) the Group I Senior Liquidation
Amount.
GROUP I SUBORDINATE PERCENTAGE: With respect to any Distribution Date, the
excess of 100% over the Group I Senior Percentage for such date.
GROUP I SUBORDINATE PREPAYMENT PERCENTAGE: On any Distribution Date for
Loan Group I, the excess of 100% over the Group I Senior Prepayment Percentage
for such Distribution Date; provided, however, that if the Class I-A-1 Principal
Balance has been reduced to zero, then the Group I Subordinate Prepayment
Percentage shall equal 100%.
GROUP I SUBORDINATE PRINCIPAL PREPAYMENTS DISTRIBUTION AMOUNT: On any
Distribution Date, the Group I Subordinate Prepayment Percentage of the
Principal Prepayment Amount for Loan Group I (exclusive of the portion thereof
attributable to principal distributions to the Class I-P Certificates pursuant
to clause (I)(a)(i) of the definition of "Certificate Distribution Amount").
GROUP II CERTIFICATES: The Class II-A-1, Class II-X and Class II-P
Certificates, collectively.
GROUP II LOANS: The Mortgage Loans designated on the Mortgage Loan
Schedule as Group II Loans.
GROUP II PREMIUM RATE MORTGAGE LOANS: The Group II Loans having
Pass-Through Rates in excess of 7.000% per annum.
GROUP II SENIOR LIQUIDATION AMOUNT: The aggregate, for each Group II Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the lesser
of: (i) the Group II Senior Percentage of the Principal Balance of such Mortgage
Loan (exclusive of the Class II-P Fraction thereof, with respect to any Class
II-P Mortgage Loan), and (ii) the Group II Senior Prepayment Percentage of the
Liquidation Principal with respect to such Mortgage Loan.
GROUP II SENIOR PERCENTAGE: With respect to any Distribution Date, the
lesser of (i) 100% and (ii) the Class II-A-1 Principal Balance divided by the
aggregate Principal Balances of the Group II Loans (less the Class II-P
Principal Balance), in each case immediately prior to such Distribution Date.
GROUP II SENIOR PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution Date,
an amount equal to the sum of (a) the Group II Senior Percentage of the
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Principal Payment Amount for Loan Group II (exclusive of the portion thereof
attributable to principal distributions to the Class II-P Certificates pursuant
to clause (I)(b)(i) of the definition of "Certificate Distribution Amount"), (b)
the Group II Senior Prepayment Percentage of the Principal Prepayment Amount for
Loan Group II (exclusive of the portion thereof attributable to principal
distributions to the Class II-P Certificates pursuant to clause (I)(b)(i) of the
definition of "Certificate Distribution Amount") and (c) the Group II Senior
Liquidation Amount.
GROUP II SUBORDINATE PERCENTAGE: With respect to any Distribution Date, the
excess of 100% over the Group II Senior Percentage for such date.
GROUP II SUBORDINATE PREPAYMENT PERCENTAGE: On any Distribution Date for
Loan Group II, the excess of 100% over the Group II Senior Prepayment Percentage
for such Distribution Date; provided, however, that if the Class II-A-1
Principal Balance has been reduced to zero, then the Group II Subordinate
Prepayment Percentage shall equal 100%.
GROUP II SUBORDINATE PRINCIPAL PREPAYMENTS DISTRIBUTION AMOUNT: On any
Distribution Date, the Group II Subordinate Prepayment Percentage of the
Principal Prepayment Amount for Loan Group II (exclusive of the portion thereof
attributable to principal distributions to the Class II-P Certificates pursuant
to clause (I)(b)(i) of the definition of "Certificate Distribution Amount").
GROUP III CERTIFICATES: The Group III-A, Group III-B, Class III-P and Class
III-X Certificates, collectively.
GROUP III-A CERTIFICATES: The Class III-A-1, Class III-A-2, Class III-A-3,
Class III-A-4, Class III-A-5, Class III-A-6 and Class III-A-7 Certificates,
collectively.
GROUP III-B CERTIFICATES: The Class III-B-1, Class III-B-2, Class III-B-3,
Class III-B-4, Class III-B-5 and Class III-B-6 Certificates, collectively.
GROUP III CREDIT SUPPORT DEPLETION DATE: The first Distribution Date on
which the aggregate Class Principal Balance of the Group III-B Certificates has
been or will be reduced to zero as a result of principal distributions thereon
and the allocation of Realized Losses on such Distribution Date.
GROUP III LOANS: The Mortgage Loans designated on the Mortgage Loan
Schedule as Group III Loans.
GROUP III PREMIUM RATE MORTGAGE LOANS: The Group III Loans having
Pass-Through Rates in excess of 6.750% per annum.
GROUP III SENIOR CERTIFICATES: The Group III-A, Class III-X and Class III-P
Certificates, collectively.
GROUP III SENIOR LIQUIDATION AMOUNT: The aggregate, for each Group III Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the lesser
of: (i) the Group III Senior Percentage of the Principal Balance of such
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Mortgage Loan (exclusive of the Class III-P Fraction thereof, with respect to
any Class III-P Mortgage Loan), and (ii) the Group III Senior Prepayment
Percentage of the Liquidation Principal with respect to such Mortgage Loan.
GROUP III SENIOR PERCENTAGE: With respect to any Distribution Date, the
aggregate Class Principal Balance of the Group III-A Certificates divided by the
aggregate Class Principal Balance of the Group III Certificates (less the Class
III-P Principal Balance), in each case immediately prior to such Distribution
Date.
GROUP III SENIOR PREPAYMENT PERCENTAGE: (i) On any Distribution Date
occurring before the Distribution Date in the month of the fifth anniversary of
the first Distribution Date, 100%; (ii) on any other Distribution Date on which
the Group III Senior Percentage for such Distribution Date exceeds the Group III
Senior Percentage as of the Cut-Off Date, 100%; and (iii) on any other
Distribution Date in each of the months of the fifth anniversary of the first
Distribution Date and thereafter, 100%, unless:
(a) the mean aggregate principal balance of Group III Loans which are
60 or more days delinquent (including loans in foreclosure and
property held by the Trust Fund) for each of the immediately
preceding six calendar months is less than or equal to 50% of the
aggregate of the Class Principal Balances of the Group III-B
Certificates as of such Distribution Date, and
(b) cumulative Realized Losses on the Group III Loans allocated to the
Group III-B Certificates are less than or equal to (1) for any
Distribution Date before the month of the sixth anniversary of the
month of the first Distribution Date, 30% of the sum of the Class
Principal Balances of the Group III-B Certificates as of the
Cut-Off Date, (2) for any Distribution Date in or after the month
of the sixth anniversary of the month of the first Distribution
Date but before the seventh anniversary of the month of the first
Distribution Date, 35% of the sum of the Class Principal Balances
of the Group III-B Certificates as of the Cut-Off Date, (3) for any
Distribution Date in or after the month of the seventh anniversary
of the month of the first Distribution Date but before the eighth
anniversary of the month of the first Distribution Date, 40% of the
sum of the Class Principal Balances of the Group III-B Certificates
as of the Cut-Off Date, (4) for any Distribution Date in or after
the month of the eighth anniversary of the month of the first
Distribution Date but before the ninth anniversary of the month of
the first Distribution Date, 45% of the sum of the Class Principal
Balances of the Group III-B Certificates as of the Cut-Off Date,
and (5) for any Distribution Date in or after the month of the
ninth anniversary of the month of the first Distribution Date, 50%
of the sum of the Class Principal Balances of the Group III-B
Certificates as of the Cut-Off Date,
in which case, as follows: (1) for any such Distribution Date in or after the
month of the fifth anniversary of the month of the first Distribution Date but
before the sixth anniversary of the month of the first Distribution Date, the
Group III Senior Percentage for such Distribution Date plus 70% of the
Subordinate Percentage for Loan Group III for such Distribution Date; (2) for
any such Distribution Date in or after the month of the sixth anniversary of the
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month of the first Distribution Date but before the seventh anniversary of the
month of the first Distribution Date, the Group III Senior Percentage for such
Distribution Date plus 60% of the Subordinate Percentage for Loan Group III for
such Distribution Date; (3) for any such Distribution Date in or after the month
of the seventh anniversary of the month of the first Distribution Date but
before the eighth anniversary of the month of the first Distribution Date, the
Group III Senior Percentage for such Distribution Date plus 40% of the
Subordinate Percentage for Loan Group III for such Distribution Date; (4) for
any such Distribution Date in or after the month of the eighth anniversary of
the month of the first Distribution Date but before the ninth anniversary of the
month of the first Distribution Date, the Group III Senior Percentage for such
Distribution Date plus 20% of the Subordinate Percentage for Loan Group III for
such Distribution Date; and (5) for any such Distribution Date thereafter, the
Group III Senior Percentage for such Distribution Date.
If on any Distribution Date the allocation to the Group III Senior
Certificates (other than the Class III-P Certificates) of Principal Prepayments
in the percentage required would reduce the sum of the Class Principal Balances
of such Certificates below zero, the Group III Senior Prepayment Percentage for
such Distribution Date shall be limited to the percentage necessary to reduce
such sum to zero. Notwithstanding the foregoing, however, on each Distribution
Date, the Class III-P Certificates will receive the Class III-P Fraction of all
principal payments, including, without limitation, Principal Prepayments,
received in respect of each Class III-P Mortgage Loan.
GROUP III SENIOR PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution Date,
an amount equal to the sum of (a) the Group III Senior Percentage of the
Principal Payment Amount for Loan Group III (exclusive of the portion thereof
attributable to principal distributions to the Class III-P Certificates pursuant
to clause (I)(d)(i) of the definition of "Certificate Distribution Amount"), (b)
the Group III Senior Prepayment Percentage of the Principal Prepayment Amount
for Loan Group III (exclusive of the portion thereof attributable to principal
distributions to the Class III-P Certificates pursuant to clause (I)(d)(i) of
the definition of "Certificate Distribution Amount") and (c) the Group III
Senior Liquidation Amount.
GROUP III SUBORDINATE LIQUIDATION AMOUNT: The excess, if any, of the
aggregate of Liquidation Principal for all Group III Loans which became
Liquidated Mortgage Loans during the Prior Period, over the related Group III
Senior Liquidation Amount for such Distribution Date.
GROUP III SUBORDINATE PERCENTAGE: With respect to any Distribution Date,
the excess of 100% over the Group III Senior Percentage for such date.
GROUP III SUBORDINATE PREPAYMENT PERCENTAGE: On any Distribution Date for
Loan Group III, the excess of 100% over the Group III Senior Prepayment
Percentage for such Distribution Date; provided, however, that if the aggregate
Class Principal Balance of the Group III-A Certificates has been reduced to
zero, then the Group III Subordinate Prepayment Percentage shall equal 100%.
GROUP III SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT: On any Distribution
Date, the excess of (A) the sum of (i) the Group III Subordinate Percentage of
the Principal Payment Amount for Loan Group III (exclusive of the portion
thereof attributable to principal distributions to the Class III-P Certificates
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pursuant to clause (I)(d)(i) of the definition of "Certificate Distribution
Amount"), (ii) the Group III Subordinate Principal Prepayments Distribution
Amount and (iii) the Group III Subordinate Liquidation Amount over (B) the
amounts required to be distributed to the Class III-P Certificates pursuant to
clauses (I)(d)(v) and (I)(d)(vi) of the definition of "Certificate Distribution
Amount" on such Distribution Date. Any reduction in the Group III Subordinate
Principal Distribution Amount pursuant to clause (B) of this definition shall
offset: (i) first, clause (A)(i) of this definition, (ii) second, clause
(A)(iii) of this definition and (iii) third, clause (A)(ii) of this definition.
On any Distribution Date, the Group III Subordinate Principal Distribution
Amount shall be allocated pro rata, by Class Principal Balance, among the Group
III-B Certificates and paid in the order of distribution to such Classes
pursuant to clause (I)(d) of the definition of "Certificate Distribution
Amount", except as otherwise stated in such definition. Notwithstanding the
foregoing, on any Distribution Date prior to distributions on such date, if the
Subordination Level for any Class of Group III-B Certificates is less than such
percentage as of the Cut-Off Date, the pro rata portion of the Group III
Subordinate Principal Prepayments Distribution Amount otherwise allocable to the
Class or Classes junior to such Class will be distributed to the most senior
Class of the Group III-B Certificates for which the Subordination Level is less
than such percentage as of the Cut-Off Date, and to the Classes of Group III-B
Certificates senior thereto, pro rata according to the Class Principal Balances
of such Classes. For purposes of this definition and the definition of
"Subordination Level", the relative seniority, from highest to lowest, of the
Group III-B Certificates shall be as follows: Class III-B-1, Class III-B-2,
Class III-B-3, Class III-B-4, Class III-B-5 and Class III-B-6.
GROUP III SUBORDINATE PRINCIPAL PREPAYMENTS DISTRIBUTION AMOUNT: On any
Distribution Date, the Group III Subordinate Prepayment Percentage of the
Principal Prepayment Amount for Loan Group III (exclusive of the portion thereof
attributable to principal distributions to the Class III-P Certificates pursuant
to clause (I)(d)(i) of the definition of "Certificate Distribution Amount").
GROUP IV CERTIFICATES: The Group IV-A, Group IV-B, Class IV-P, Class IV-X
and Class R Certificates, collectively.
GROUP IV-A CERTIFICATES: The Class IV-A-1 and Class IV-A-2 Certificates,
collectively.
GROUP IV-B CERTIFICATES: The Class IV-B-1, Class IV-B-2, Class IV-B-3,
Class IV-B-4, Class IV-B-5 and Class IV-B-6 Certificates, collectively.
GROUP IV CREDIT SUPPORT DEPLETION DATE: The first Distribution Date on
which the aggregate of the Class Principal Balances of the Group IV-B
Certificates has been or will be reduced to zero as a result of principal
distributions thereon and the allocation of Realized Losses on such Distribution
Date.
GROUP IV LOANS: The Mortgage Loans designated on the Mortgage Loan
Schedule as Group IV Loans.
GROUP IV PREMIUM RATE MORTGAGE LOANS: The Group IV Loans having
Pass-Through Rates in excess of 6.750% per annum.
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GROUP IV SENIOR CERTIFICATES: The Group IV-A, Class IV-X, Class IV-P and
Class R Certificates, collectively.
GROUP IV SENIOR LIQUIDATION AMOUNT: The aggregate, for each Group IV Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the lesser
of: (i) the Group IV Senior Percentage of the Principal Balance of such Mortgage
Loan (exclusive of the Class IV-P Fraction thereof, with respect to any Class
IV-P Mortgage Loan), and (ii) the Group IV Senior Prepayment Percentage of the
Liquidation Principal with respect to such Mortgage Loan.
GROUP IV SENIOR PERCENTAGE: With respect to any Distribution Date, the
aggregate Class Principal Balance of the Group IV-A and Class R Certificates
divided by the aggregate Class Principal Balance of the Group IV Certificates
(less the Class IV-P Principal Balance), in each case immediately prior to the
Distribution Date.
GROUP IV SENIOR PREPAYMENT PERCENTAGE: (i) On any Distribution Date
occurring before the Distribution Date in the month of the fifth anniversary of
the first Distribution Date, 100%; (ii) on any other Distribution Date on which
the Group IV Senior Percentage for such Distribution Date exceeds the Group IV
Senior Percentage as of the Cut-Off Date, 100%; and (iii) on any other
Distribution Date in each of the months of the fifth anniversary of the first
Distribution Date and thereafter, 100%, unless:
(a) the mean aggregate principal balance of Group IV Loans which are 60
or more days delinquent (including loans in foreclosure and
property held by the Trust Fund) for each of the immediately
preceding six calendar months is less than or equal to 50% of the
aggregate of the Class Principal Balances of the Group IV-B
Certificates as of such Distribution Date, and
(b) cumulative Realized Losses on the Group IV Loans allocated to the
Group IV-B Certificates are less than or equal to (1) for any
Distribution Date before the month of the sixth anniversary of the
month of the first Distribution Date, 30% of the sum of the Class
Principal Balances of the Group IV-B Certificates as of the Cut-Off
Date, (2) for any Distribution Date in or after the month of the
sixth anniversary of the month of the first Distribution Date but
before the seventh anniversary of the month of the first
Distribution Date, 35% of the sum of the Class Principal Balances
of the Group IV-B Certificates as of the Cut-Off Date, (3) for any
Distribution Date in or after the month of the seventh anniversary
of the month of the first Distribution Date but before the eighth
anniversary of the month of the first Distribution Date, 40% of the
sum of the Class Principal Balances of the Group IV-B Certificates
as of the Cut-Off Date, (4) for any Distribution Date in or after
the month of the eighth anniversary of the month of the first
Distribution Date but before the ninth anniversary of the month of
the first Distribution Date, 45% of the sum of the Class Principal
Balances of the Group IV-B Certificates as of the Cut-Off Date, and
(5) for any Distribution Date in or after the month of the ninth
anniversary of the month of the first Distribution Date, 50% of the
sum of the Class Principal Balances of the Group IV-B Certificates
as of the Cut-Off Date,
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in which case, as follows: (1) for any such Distribution Date in or after the
month of the fifth anniversary of the month of the first Distribution Date but
before the sixth anniversary of the month of the first Distribution Date, the
Group IV Senior Percentage for such Distribution Date plus 70% of the
Subordinate Percentage for Loan Group IV for such Distribution Date; (2) for any
such Distribution Date in or after the month of the sixth anniversary of the
month of the first Distribution Date but before the seventh anniversary of the
month of the first Distribution Date, the Group IV Senior Percentage for such
Distribution Date plus 60% of the Subordinate Percentage for Loan Group IV for
such Distribution Date; (3) for any such Distribution Date in or after the month
of the seventh anniversary of the month of the first Distribution Date but
before the eighth anniversary of the month of the first Distribution Date, the
Group IV Senior Percentage for such Distribution Date plus 40% of the
Subordinate Percentage for Loan Group IV for such Distribution Date; (4) for any
such Distribution Date in or after the month of the eighth anniversary of the
month of the first Distribution Date but before the ninth anniversary of the
month of the first Distribution Date, the Group IV Senior Percentage for such
Distribution Date plus 20% of the Subordinate Percentage for Loan Group IV for
such Distribution Date; and (5) for any such Distribution Date thereafter, the
Group IV Senior Percentage for such Distribution Date.
If on any Distribution Date the allocation to the Group IV Senior
Certificates (other than the Class IV-P Certificates) of Principal Prepayments
in the percentage required would reduce the sum of the Class Principal Balances
of such Certificates below zero, the Group IV Senior Prepayment Percentage for
such Distribution Date shall be limited to the percentage necessary to reduce
such sum to zero. Notwithstanding the foregoing, however, on each Distribution
Date, the Class IV-P Certificates will receive the Class IV-P Fraction of all
principal payments, including, without limitation, Principal Prepayments,
received in respect of each Class IV-P Mortgage Loan.
GROUP IV SENIOR PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution Date,
an amount equal to the sum of (a) the Group IV Senior Percentage of the
Principal Payment Amount for Loan Group IV (exclusive of the portion thereof
attributable to principal distributions to the Class IV-P Certificates pursuant
to clause (I)(e)(i) of the definition of "Certificate Distribution Amount"), (b)
the Group IV Senior Prepayment Percentage of the Principal Prepayment Amount for
Loan Group IV (exclusive of the portion thereof attributable to principal
distributions to the Class IV-P Certificates pursuant to clause (I)(e)(i) of the
definition of "Certificate Distribution Amount") and (c) the Group IV Senior
Liquidation Amount.
GROUP IV SUBORDINATE LIQUIDATION AMOUNT: The excess, if any, of the
aggregate of Liquidation Principal for all Group IV Loans which became
Liquidated Mortgage Loans during the Prior Period, over the related Group IV
Senior Liquidation Amount for such Distribution Date.
GROUP IV SUBORDINATE PERCENTAGE: With respect to any Distribution Date, the
excess of 100% over the Group IV Senior Percentage for such date.
GROUP IV SUBORDINATE PREPAYMENT PERCENTAGE: On any Distribution Date for
Loan Group IV, the excess of 100% over the Group IV Senior Prepayment Percentage
for such Distribution Date; provided, however, that if the aggregate Class
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Principal Balance of the Group IV-A Certificates has been reduced to zero, then
the Group IV Subordinate Prepayment Percentage shall equal 100%.
GROUP IV SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT: On any Distribution
Date, the excess of (A) the sum of (i) the Group IV Subordinate Percentage of
the Principal Payment Amount for Loan Group IV (exclusive of the portion
thereof attributable to principal distributions to the Class IV-P
Certificates pursuant to clause (I)(e)(i) of the definition of "Certificate
Distribution Amount"), (ii) the Group IV Subordinate Principal Prepayments
Distribution Amount and (iii) the Group IV Subordinate Liquidation Amount
over (B) the amounts required to be distributed to the Class IV-P
Certificates pursuant to clauses (I)(e)(v) and (I)(e)(vi) of the definition
of "Certificate Distribution Amount" on such Distribution Date. Any
reduction in the Group IV Subordinate Principal Distribution Amount pursuant
to clause (B) of this definition shall offset: (i) first, clause (A)(i) of
this definition, (ii) second, clause (A)(iii) of this definition and (iii)
third, clause (A)(ii) of this definition. On any Distribution Date, the Group
IV Subordinate Principal Distribution Amount shall be allocated pro rata, by
Class Principal Balance, among the Group IV-B Certificates and paid in the
order of distribution to such Classes pursuant to clause (I)(e) of the
definition of "Certificate Distribution Amount" except as otherwise stated in
such definition. Notwithstanding the foregoing, on any Distribution Date
prior to distributions on such date, if the Subordination Level for any Class
of Group IV-B Certificates is less than such percentage as of the Cut-Off
Date, the pro rata portion of the Group IV Subordinate Principal Prepayments
Distribution Amount otherwise allocable to the Class or Classes junior to
such Class will be distributed to the most senior Class of the Group IV-B
Certificates for which the Subordination Level is less than such percentage
as of the Cut-Off Date, and to the Classes of Group IV-B Certificates senior
thereto, pro rata according to the Class Principal Balances of such Classes.
For purposes of this definition and the definition of "Subordination Level",
the relative seniority, from highest to lowest, of the Group IV-B
Certificates shall be as follows: Class IV-B-1, Class IV-B-2, Class IV-B-3,
Class IV-B-4, Class IV-B-5 and Class IV-B-6.
GROUP IV SUBORDINATE PRINCIPAL PREPAYMENTS DISTRIBUTION AMOUNT: On any
Distribution Date, the Group IV Subordinate Prepayment Percentage of the
Principal Prepayment Amount for Loan Group IV (exclusive of the portion thereof
attributable to principal distributions to the Class IV-P Certificates pursuant
to clause (I)(e)(i) of the definition of "Certificate Distribution Amount").
GROUP V CERTIFICATES: The Group V-A, Group V-B, Class V-X-1 and Class V-X-2
Certificates, collectively.
GROUP V-A CERTIFICATES: The Class V-A-1, Class V-A-2, Class V-A-3, Class
V-A-4 and Class V-A-5 Certificates, collectively.
GROUP V-B CERTIFICATES: The Class V-B-1, Class V-B-2, Class V-B-3, Class
V-B-4, Class V-B-5 and Class V-B-6 Certificates, collectively.
GROUP V SENIOR CERTIFICATES: The Group V-A, Class V-X-1 and Class V-X-2
Certificates, collectively.
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GROUP V CREDIT SUPPORT DEPLETION DATE: The first Distribution Date on
which the aggregate Class Principal Balance of the Group V-B Certificates has
been or will be reduced to zero as a result of principal distributions
thereon and the allocation of Realized Losses on such Distribution Date.
GROUP V LOANS: The Mortgage Loans designated on the Mortgage Loan
Schedule as Group V Loans.
GROUP V SENIOR LIQUIDATION AMOUNT: The aggregate, for each Group V Loan
which became a Liquidated Mortgage Loan during the Prior Period, of the lesser
of: (i) the Group V Senior Percentage of the Principal Balance of such Mortgage
Loan, and (ii) the Group V Senior Prepayment Percentage of the Liquidation
Principal with respect to such Mortgage Loan.
GROUP V SENIOR PERCENTAGE: With respect to any Distribution Date, the Class
Principal Balance of the Group V-A Certificates divided by the aggregate Class
Principal Balance of the Group V Certificates, in each case immediately prior to
the Distribution Date.
GROUP V SENIOR PREPAYMENT PERCENTAGE: (i) On any Distribution Date
occurring before the Distribution Date in the month of the fifth anniversary of
the first Distribution Date, 100%; (ii) on any other Distribution Date on which
the Group V Senior Percentage for such Distribution Date exceeds the Group V
Senior Percentage as of the Cut-Off Date, 100%; and (iii) on any other
Distribution Date in each of the months of the fifth anniversary of the first
Distribution Date and thereafter, 100%, unless:
(a) the mean aggregate principal balance of Group V Loans which are 60
or more days delinquent (including loans in foreclosure and
property held by the Trust Fund) for each of the immediately
preceding six calendar months is less than or equal to 50% of the
aggregate of the Class Principal Balances of the Group V-B
Certificates as of such Distribution Date, and
(b) cumulative Realized Losses on the Group V Loans allocated to the
Group V-B Certificates are less than or equal to (1) for any
Distribution Date before the month of the sixth anniversary of the
month of the first Distribution Date, 30% of the sum of the Class
Principal Balances of the Group V-B Certificates as of the Cut-Off
Date, (2) for any Distribution Date in or after the month of the
sixth anniversary of the month of the first Distribution Date but
before the seventh anniversary of the month of the first
Distribution Date, 35% of the sum of the Class Principal Balances
of the Group V-B Certificates as of the Cut-Off Date, (3) for any
Distribution Date in or after the month of the seventh anniversary
of the month of the first Distribution Date but before the eighth
anniversary of the month of the first Distribution Date, 40% of the
sum of the Class Principal Balances of the Group V-B Certificates
as of the Cut-Off Date, (4) for any Distribution Date in or after
the month of the eighth anniversary of the month of the first
Distribution Date but before the ninth anniversary of the month of
the first Distribution Date, 45% of the sum of the Class Principal
Balances of the Group V-B Certificates as of the Cut-Off Date, and
(5) for any Distribution Date in or after the month of
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the ninth anniversary of the month of the first Distribution Date,
50% of the sum of the Class Principal Balances of the Group V-B
Certificates as of the Cut-Off Date,
in which case, as follows: (1) for any such Distribution Date in or after the
month of the fifth anniversary of the month of the first Distribution Date but
before the sixth anniversary of the month of the first Distribution Date, the
Group V Senior Percentage for such Distribution Date plus 70% of the Subordinate
Percentage for Loan Group V for such Distribution Date; (2) for any such
Distribution Date in or after the month of the sixth anniversary of the month of
the first Distribution Date but before the seventh anniversary of the month of
the first Distribution Date, the Group V Senior Percentage for such Distribution
Date plus 60% of the Subordinate Percentage for Loan Group V for such
Distribution Date; (3) for any such Distribution Date in or after the month of
the seventh anniversary of the month of the first Distribution Date but before
the eighth anniversary of the month of the first Distribution Date, the Group V
Senior Percentage for such Distribution Date plus 40% of the Subordinate
Percentage for Loan Group V for such Distribution Date; (4) for any such
Distribution Date in or after the month of the eighth anniversary of the month
of the first Distribution Date but before the ninth anniversary of the month of
the first Distribution Date, the Group V Senior Percentage for such Distribution
Date plus 20% of the Subordinate Percentage for Loan Group V for such
Distribution Date; and (5) for any such Distribution Date thereafter, the Group
V Senior Percentage for such Distribution Date.
If on any Distribution Date the allocation to the Group V-A Certificates of
Principal Prepayments in the percentage required would reduce the sum of the
Class Principal Balances of such Certificates below zero, the Group V Senior
Prepayment Percentage for such Distribution Date shall be limited to the
percentage necessary to reduce such sum to zero.
GROUP V SENIOR PRINCIPAL DISTRIBUTION AMOUNT: For any Distribution Date, an
amount equal to the sum of (a) the Group V Senior Percentage of the Principal
Payment Amount for Loan Group V, (b) the Group V Senior Prepayment Percentage of
the Principal Prepayment Amount for Loan Group V and (c) the Group V Senior
Liquidation Amount.
GROUP V SUBORDINATE LIQUIDATION AMOUNT: The excess, if any, of the
aggregate Liquidation Principal for all Group V Loans which became Liquidated
Mortgage Loans during the Prior Period, over the Group V Senior Liquidation
Amount for such Distribution Date.
GROUP V SUBORDINATE PERCENTAGE: With respect to any Distribution Date, the
excess of 100% over the Group V Senior Percentage for such Distribution Date.
GROUP V SUBORDINATE PREPAYMENT PERCENTAGE: On any Distribution Date for
Loan Group V, the excess of 100% over the Group V Senior Prepayment Percentage
for such Distribution Date; provided, however, that if the aggregate Class
Principal Balance of the Group V-A Certificates has been reduced to zero, then
the Group V Subordinate Prepayment Percentage shall equal 100%.
GROUP V SUBORDINATE PRINCIPAL DISTRIBUTION AMOUNT: On any Distribution
Date, the sum of (i) the Group V Subordinate Percentage of the Principal Payment
Amount for Loan Group V, (ii) the Group V Subordinate Principal Prepayments
Distribution Amount and (iii) the Group V Subordinate Liquidation Amount. On
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any Distribution Date, the Group V Subordinate Principal Distribution Amount
shall be allocated pro rata, by Class Principal Balance, among the Group V-B
Certificates and paid in the order of distribution to such Classes pursuant to
clause (I)(f) of the definition of "Certificate Distribution Amount", except as
otherwise stated in such definition. Notwithstanding the foregoing, on any
Distribution Date prior to distributions on such date, if the Subordination
Level for any Class of Group V-B Certificates is less than such percentage as of
the Cut-Off Date, the pro rata portion of the Group V Subordinate Principal
Prepayments Distribution Amount otherwise allocable to the Class or Classes
junior to such Class will be distributed to the most senior Class of the Group
V-B Certificates for which the Subordination Level is less than such percentage
as of the Cut-Off Date, and to the Classes of Group V-B Certificates senior
thereto, pro rata according to the Class Principal Balances of such Classes. For
purposes of this definition and the definition of "Subordination Level", the
relative seniority, from highest to lowest, of the Group V-B Certificates shall
be as follows: Class V-B-1, Class V-B-2, Class V-B-3, Class V-B-4, Class V-B-5
and Class V-B-6.
GROUP V SUBORDINATE PRINCIPAL PREPAYMENTS DISTRIBUTION AMOUNT: On any
Distribution Date, the Group V Subordinate Prepayment Percentage of the
Principal Prepayment Amount for Loan Group V.
INDIRECT DTC PARTICIPANTS: Entities such as banks, brokers, dealers or
trust companies, that clear through or maintain a custodial relationship with a
DTC Participant, either directly or indirectly.
INSURANCE PROCEEDS: Amounts paid or payable by the insurer under any
Primary Insurance Policy or any other insurance policy (including any
replacement policy permitted under this Agreement), covering any Mortgage Loan
or Mortgaged Property, including, without limitation, any hazard insurance
policy required pursuant to Section 3.07, any title insurance policy required
pursuant to Section 2.03, and any FHA insurance policy or VA guaranty.
INTEREST DISTRIBUTION AMOUNT: On any Distribution Date, for any Class of
Certificates, the amount of interest accrued on the respective Class Principal
Balance or Class Notional Amount, as applicable, at the related Remittance Rate
for such Class during the Prior Period before giving effect to allocations of
Realized Losses for the Prior Period or distributions to be made on such
Distribution Date, reduced by Uncompensated Interest Shortfall and the interest
portion of Realized Losses allocated to such Class pursuant to the definitions
of "Uncompensated Interest Shortfall" and "Realized Loss", respectively;
provided, however, that in the case of the Class V-A-4 Certificates on or before
the Class V-A-4 Accretion Termination Date, such amount shall be reduced by the
Class V-A-4 Accrual Amount. The Interest Distribution Amount for the Class P
Certificates on any Distribution Date shall equal zero.
INVESTMENT ACCOUNT: The commingled account (which shall be commingled only
with investment accounts related to series of pass-through certificates with a
class of certificates which has a rating equal to the highest of the Ratings of
the Certificates) maintained by the Master Servicer in the trust department of
the Investment Depository pursuant to Section 3.03 and which bears a designation
acceptable to the Rating Agencies.
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INVESTMENT DEPOSITORY: Chemical Bank, New York, New York or another bank or
trust company designated from time to time by the Master Servicer. The
Investment Depository shall at all times be an Eligible Institution.
JUNIOR SUBORDINATE CERTIFICATE : The Class C-B-4, Class C-B-5, Class C-B-6,
Class III-B-4, Class III-B-5, Class III-B-6, Class IV-B-4, Class IV-B-5, Class
IV-B-6, Class V-B-4, Class V-B-5 and Class V-B-6 Certificates, collectively.
LENDER: An institution from which the Company purchased any Mortgage
Loans pursuant to a Selling and Servicing Contract.
LIQUIDATED MORTGAGE LOAN: A Mortgage Loan as to which the Master
Servicer or the applicable Servicer has determined in accordance with its
customary servicing practices that all amounts which it expects to recover
from or on account of such Mortgage Loan, whether from Insurance Proceeds,
Liquidation Proceeds or otherwise have been recovered. For purposes of this
definition, acquisition of a Mortgaged Property by the Trust Fund shall not
constitute final liquidation of the related Mortgage Loan.
LIQUIDATION PRINCIPAL: The principal portion of Liquidation Proceeds
received (exclusive of the portion thereof attributable to distributions to the
Class P Certificates pursuant to clauses (I)(a)(i), (I)(b)(i), (I)(d)(i) and
(I)(e)(i) of the definition of "Certificate Distribution Amount") with respect
to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess
of the principal balance thereof) during the Prior Period.
LIQUIDATION PROCEEDS: Amounts after deduction of amounts reimbursable under
Section 3.05(a)(i) and (ii) received and retained in connection with the
liquidation of defaulted Mortgage Loans, whether through foreclosure or
otherwise, other than Insurance Proceeds.
LOAN GROUP: Loan Group I, Loan Group II, Loan Group III, Loan Group IV or
Loan Group V, as applicable.
LOAN GROUP I: The group of Mortgage Loans comprised of the Group I Loans.
LOAN GROUP II: The group of Mortgage Loans comprised of the Group II Loans.
LOAN GROUP III: The group of Mortgage Loans comprised of the Group III
Loans.
LOAN GROUP IV: The group of Mortgage Loans comprised of the Group IV Loans.
LOAN GROUP V: The group of Mortgage Loans comprised of the Group V Loans.
LOAN-TO-VALUE RATIO: The original principal amount of a Mortgage Loan
divided by the Original Value; however, references to "current Loan-to-Value
Ratio" shall mean the then current Principal Balance of a Mortgage Loan divided
by the Original Value.
MASTER SERVICER: The Company, or any successor thereto appointed as
provided pursuant to Section 7.02, acting to service and administer the Mortgage
Loans pursuant to Section 3.01.
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MASTER SERVICING FEE: The fee charged by the Master Servicer for
supervising the mortgage servicing and advancing certain expenses, equal to a
per annum rate set forth for each Mortgage Loan in Exhibit D on the outstanding
Principal Balance of such Mortgage Loan, payable monthly from the Certificate
Account, the Investment Account or the Custodial Account for P&I.
MONTHLY P&I ADVANCE: An advance of funds by the Master Servicer pursuant to
Section 4.03 or a Servicer pursuant to its Selling and Servicing Contract to
cover delinquent principal and interest installments.
MONTHLY PAYMENT: The scheduled payment of principal and interest on a
Mortgage Loan (including any amounts due from a Buydown Fund, if any) which is
due on the related Due Date for such Mortgage Loan.
MORTGAGE: The mortgage, deed of trust or other instrument securing a
Mortgage Note.
MORTGAGE FILE: The following documents or instruments with respect to each
Mortgage Loan transferred and assigned pursuant to Section 2.01, (X) with
respect to each Mortgage Loan that is not a Cooperative Loan:
(i) The original Mortgage Note endorsed to "U.S. Bank National
Association, as Custodian/Trustee, without recourse" or "U.S. Bank National
Association, as Trustee for the benefit of the Holders from time to time of
PNC Mortgage Securities Corp. Mortgage Pass-Through Certificates, Series
1998-2, without recourse" and all intervening endorsements evidencing a
complete chain of endorsements from the originator to the Trustee, or, in
the event of any Destroyed Mortgage Note, a copy or a duplicate original of
the Mortgage Note, together with an original lost note affidavit from the
originator of the related Mortgage Loan or the Company stating that the
original Mortgage Note was lost, misplaced or destroyed, together with a
copy of the related Mortgage Note; in the event the Mortgage Notes or the
assignments referred to in Section (iii)(2) of this definition of "Mortgage
File" are endorsed or executed in blank as of the Closing Date, the Company
shall, within 45 days of the Closing Date, cause such Mortgage Notes or
assignments to be endorsed or executed pursuant to the terms set forth
herein;
(ii) The Buydown Agreement, if applicable;
(iii) A Mortgage that is either
(1) the original recorded Mortgage with recording information thereon
for the jurisdiction in which the Mortgaged Property is located, together
with a Mortgage assignment thereof in recordable form to "U.S. Bank
National Association, as Custodian/Trustee" or to "U.S. Bank National
Association, as Trustee for the Holders of PNC Mortgage Securities Corp.
Mortgage Pass-Through Certificates, Series 1998-2" and all intervening
assignments evidencing a complete chain of assignment, from the originator
to the name holder or the payee endorsing the related Mortgage Note; or
(2) a copy of the Mortgage which represents a true and correct
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reproduction of the original Mortgage and which has either been
certified (i) on the face thereof by the public recording office in the
appropriate jurisdiction in which the Mortgaged Property is located, or
(ii) by the originator or Lender as a true and correct copy the original
of which has been sent for recordation and an original Mortgage
assignment thereof duly executed and acknowledged in recordable form to
"U.S. Bank National Association, as Custodian/Trustee" or to "U.S. Bank
National Association, as Trustee for the Holders of PNC Mortgage
Securities Corp. Mortgage Pass-Through Certificates, Series 1998-2" and
all intervening assignments evidencing a complete chain of assignment
from the originator to the name holder or the payee endorsing the
related Mortgage Note;
(iv) A copy of (a) the title insurance policy, or (b) in lieu
thereof, a title insurance binder, a copy of an attorney's title opinion,
certificate or other evidence of title acceptable to the Company; and
(v) For any Mortgage Loan that has been modified or amended, the
original instrument or instruments effecting such modification or
amendment;
and (Y) with respect to each Cooperative Loan:
(i) the original Mortgage Note endorsed to "U.S. Bank National
Association, as Custodian/Trustee" or to "U.S. Bank National
Association, as Trustee for the Holders of PNC Mortgage Securities Corp.
Mortgage Pass-Through Certificates, Series 1998-2" and all intervening
endorsements evidencing a complete chain of endorsements, from the
originator to the Trustee, or, in the event of any Destroyed Mortgage
Note, a copy or a duplicate original of the Mortgage Note, together with
an original lost note affidavit from the originator of the related
Mortgage Loan or the Company stating that the original Mortgage Note was
lost, misplaced or destroyed, together with a copy of the related
Mortgage Note;
(ii) A counterpart of the Cooperative Lease and the Assignment of
Proprietary Lease to the originator of the Cooperative Loan with
intervening assignments showing an unbroken chain of title from such
originator to the Trustee;
(iii) The related Cooperative Stock Certificate, representing the
related Cooperative Stock pledged with respect to such Cooperative Loan,
together with an undated stock power (or other similar instrument) executed
in blank;
(iv) The original recognition agreement by the Cooperative of the
interests of the mortgagee with respect to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement, and any
continuation statements, filed by the originator of such Cooperative Loan
as secured party, each with evidence of recording thereof, evidencing the
interest of the originator under the Security Agreement and the Assignment
of Proprietary Lease;
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(vii) Copies of the filed UCC-3 assignments of the security
interest referenced in clause (vi) above showing an unbroken chain of title
from the originator to the Trustee, each with evidence of recording
thereof, evidencing the interest of the originator under the Security
Agreement and the Assignment of Proprietary Lease;
(viii) An executed assignment of the interest of the originator in
the Security Agreement, Assignment of Proprietary Lease and the recognition
agreement referenced in clause (iv) above, showing an unbroken chain of
title from the originator to the Trustee;
(ix) An executed UCC-1 financing statement showing the Company as
debtor and the Trustee as secured party, each in a form sufficient for
filing, evidencing the interest of such debtors in the Cooperative Loans;
and
(x) For any Cooperative Loan that has been modified or amended, the
original instrument or instruments effecting such modification or
amendment.
MORTGAGE INTEREST RATE: For any Mortgage Loan, the per annum rate at which
interest accrues on such Mortgage Loan pursuant to the terms of the related
Mortgage Note.
MORTGAGE LOAN SCHEDULE: The schedule, as amended from time to time, of
Mortgage Loans attached hereto as Exhibit D, which shall set forth as to each
Mortgage Loan the following, among other things:
(i) its loan number,
(ii) the address of the Mortgaged Property,
(iii) the name of the Mortgagor,
(iv) the Original Value of the property subject to the Mortgage,
(v) the Principal Balance as of the Cut-Off Date,
(vi) the Mortgage Interest Rate borne by the Mortgage Note,
(vii) whether a Primary Insurance Policy is in effect as of the
Cut-Off Date,
(viii) the maturity of the Mortgage Note,
(ix) the Servicing Fee and the Master Servicing Fee, and
(x) its Loan Group, and with respect to the Group V Loans, whether
such Group V Loan is a subgroup V-1 loan or a subgroup V-2 loan, if
applicable.
MORTGAGE LOANS: With respect to each Cooperative Loan, the related Mortgage
Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock
Certificate and Cooperative Lease, and, with respect to each Mortgage Loan other
than a Cooperative Loan, the Mortgages and the related Mortgage Notes, each
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transferred and assigned to the Trustee pursuant to the provisions hereof as
from time to time are held as part of the Trust Fund, the Mortgage Loans so held
being identified in the Mortgage Loan Schedule.
MORTGAGE NOTE: The note or other evidence of indebtedness evidencing the
indebtedness of a Mortgagor under a Mortgage Loan.
MORTGAGE POOL: All of the Mortgage Loans.
MORTGAGED PROPERTY: With respect to any Mortgage Loan, other than a
Cooperative Loan, the real property, together with improvements thereto, and,
with respect to any Cooperative Loan, the related Cooperative Stock and
Cooperative Lease, securing the indebtedness of the Mortgagor under the related
Mortgage Loan.
MORTGAGOR: The obligor on a Mortgage Note.
NONRECOVERABLE ADVANCE: With respect to any Mortgage Loan, any advance
which the Master Servicer shall determine to be a Nonrecoverable Advance
pursuant to Section 4.04 and which was, or is proposed to be, made by (i) the
Master Servicer or (ii) a Servicer pursuant to its Selling and Servicing
Contract.
NON-U.S. PERSON: A Person that is not a U.S. Person.
OTS: The Office of Thrift Supervision, or any successor thereto.
OFFICER'S CERTIFICATE: A certificate signed by the Chairman of the Board,
the President, a Vice President, or the Treasurer of the Master Servicer and
delivered to the Trustee.
OPINION OF COUNSEL: A written opinion of counsel, who shall be reasonably
acceptable to the Trustee and who may be counsel for the Company or the Master
Servicer.
ORIGINAL VALUE: With respect to any Mortgage Loan other than a Mortgage
Loan originated for the purpose of refinancing an existing mortgage debt, the
lesser of (a) the Appraised Value (if any) of the Mortgaged Property at the time
the Mortgage Loan was originated or (b) the purchase price paid for the
Mortgaged Property by the Mortgagor. With respect to a Mortgage Loan originated
for the purpose of refinancing existing mortgage debt, the Original Value shall
be equal to the Appraised Value of the Mortgaged Property at the time the
Mortgage Loan was originated or the appraised value at the time the refinanced
mortgage debt was incurred.
OWNERSHIP INTEREST: With respect to any Residual Certificates, any
ownership or security interest in such Residual Certificate, including any
interest in a Residual Certificate as the Holder thereof and any other interest
therein whether direct or indirect, legal or beneficial, as owner or as pledgee
PASS-THROUGH ENTITY: Any regulated investment company, real estate
investment trust, common trust fund, partnership, trust or estate, and any
organization to which Section 1381 of the Code applies.
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PASS-THROUGH RATE: For each Mortgage Loan, a rate equal to the Mortgage
Interest Rate for such Mortgage Loan less the applicable per annum percentage
rates related to each of the Servicing Fee and the Master Servicing Fee. For
each Mortgage Loan, any calculation of monthly interest at such rate shall be
based upon annual interest at such rate (computed on the basis of a 360-day year
of twelve 30-day months) on the unpaid Principal Balance of the related Mortgage
Loan divided by twelve, and any calculation of interest at such rate by reason
of a Payoff shall be based upon annual interest at such rate on the outstanding
Principal Balance of the related Mortgage Loan multiplied by a fraction, the
numerator of which is the number of days elapsed from the Due Date of the last
scheduled payment of principal and interest to, but not including, the date of
such Payoff, and the denominator of which is (a) for Payoffs received on a Due
Date, 360, and (b) for all other Payoffs, 365.
PAYING AGENT: Any paying agent appointed by the Trustee pursuant to Section
8.12.
PAYOFF: Any Mortgagor payment of principal on a Mortgage Loan equal to the
entire outstanding principal balance of such Mortgage Loan, if received in
advance of the last scheduled Due Date for such Mortgage Loan and accompanied by
an amount of interest equal to accrued unpaid interest on the Mortgage Loan to
the date of such payment-in-full.
PAYOFF EARNINGS: For any Distribution Date with respect to each Mortgage
Loan on which a Payoff was received by the Master Servicer during the Payoff
Period, the aggregate of the interest earned by the Master Servicer from
investment of each such Payoff from the date of receipt of such Payoff until the
Business Day immediately preceding the related Distribution Date (net of
investment losses).
PAYOFF INTEREST: For any Distribution Date with respect to a Mortgage Loan
for which a Payoff was received on or after the first calendar day of the month
of such Distribution Date and before the 15th calendar day of such month, an
amount of interest thereon at the applicable Pass-Through Rate from the first
day of the month of distribution through the day of receipt thereof; to the
extent (together with Payoff Earnings and the aggregate Master Servicing Fee)
not required to be distributed as Compensating Interest on such Distribution
Date, Payoff Interest shall be payable to the Master Servicer as additional
servicing compensation.
PAYOFF PERIOD: With respect to the first Distribution Date, the period from
the Cut-Off Date through March 14, 1998, inclusive; and with respect to any
Distribution Date thereafter, the period from the 15th day of the Prior Period
through the 14th day of the month of such Distribution Date, inclusive.
PERCENTAGE INTEREST: (a) With respect to the right of each Certificate of
a particular Class in the distributions allocated to such Class, "Percentage
Interest" shall mean the percentage undivided beneficial ownership interest
evidenced by such Certificate of such Class, which percentage shall equal:
(i) with respect to any Certificate (other than the Residual and
Class X Certificates), its Certificate Principal Balance divided by the
applicable Class Principal Balance;
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(ii) with respect to the Class X Certificates, the portion of the
respective Class Notional Amount evidenced by such Certificate divided by
the respective Class Notional Amount; and
(iii) with respect to the Residual Certificates, the percentage
set forth on the face of such Certificate.
(b) With respect to the rights of each Certificate in connection with
Sections 5.09, 7.01, 8.01(c), 8.02, 8.07, 10.01 and 10.03, "Percentage Interest"
shall mean the percentage undivided beneficial interest evidenced by such
Certificate in the Trust Fund, which for purposes of such rights only shall
equal:
(i) with respect to any Certificate (other than the Residual and
Class X Certificates), the product of (x) ninety-four percent (94%) and (y)
the percentage calculated by dividing its Certificate Principal Balance by
the Aggregate Certificate Principal Balance of the Certificates; provided,
however, that the percentage in (x) above shall be increased by one percent
(1%) upon each retirement of the Certificates referenced in the
parenthetical above;
(ii) with respect to any of the Class X Certificates, one percent (1%)
of such Certificate's Percentage Interest as calculated by paragraph (b)(i)
of this definition; and
(iii) with respect to the Class R Certificates, zero.
PERMITTED TRANSFEREE: With respect to the holding or ownership of any
Residual Certificate, any Person other than (i) the United States, a State or
any political subdivision thereof, or any agency or instrumentality of any of
the foregoing, (ii) a foreign government, International Organization or any
agency or instrumentality of either of the foregoing, (iii) an organization
(except certain farmers' cooperatives described in Code Section 521) which is
exempt from the taxes imposed by Chapter 1 of the Code (unless such organization
is subject to the tax imposed by Section 511 of the Code on unrelated business
taxable income), (iv) rural electric and telephone cooperatives described in
Code Section 1381(a)(2)(C), (v) any Person from whom the Trustee has not
received an affidavit to the effect that it is not a "disqualified organization"
within the meaning of Section 860E(e)(5) of the Code, and (vi) any other Person
so designated by the Company based upon an Opinion of Counsel that the transfer
of an Ownership Interest in a Residual Certificate to such Person may cause the
Trust Fund to fail to qualify as a REMIC at any time that the Certificates are
outstanding. The terms "United States", "State" and "International Organization"
shall have the meanings set forth in Code Section 7701 or successor provisions.
A corporation shall not be treated as an instrumentality of the United States or
of any State or political subdivision thereof if all of its activities are
subject to tax, and, with the exception of the FHLMC, a majority of its board of
directors is not selected by such governmental unit.
PERSON: Any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.
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PREPAID MONTHLY PAYMENT: Any Monthly Payment received prior to its
scheduled Due Date, which is intended to be applied to a Mortgage Loan on its
scheduled Due Date and held in the related Custodial Account for P&I until the
Withdrawal Date following its scheduled Due Date.
PRIMARY INSURANCE POLICY: A policy of mortgage guaranty insurance, if any,
on an individual Mortgage Loan, providing coverage as required by Section
2.03(xi).
PRINCIPAL BALANCE: Except as used in Sections 2.02 and 9.01 and for
purposes of the definition of Purchase Price, at the time of any determination,
the principal balance of a Mortgage Loan remaining to be paid at the close of
business on the Cut-Off Date, after application of all scheduled principal
payments due on or before the Cut-Off Date, whether or not received, reduced by
all amounts distributed or (except when such determination occurs earlier in the
month than the Distribution Date) to be distributed to Certificateholders
through the Distribution Date in the month of determination that are reported as
allocable to principal of such Mortgage Loan. "Principal Balance" as defined in
this paragraph is the "Stated Principal Balance" referred to in the Prospectus.
For purposes of the definition of Purchase Price and as used in Sections
2.02 and 9.01, at the time of any determination, the principal balance of a
Mortgage Loan remaining to be paid at the close of business on the Cut-Off Date,
after deduction of all principal payments due on or before the Cut-Off Date
whether or not paid, reduced by all amounts distributed or to be distributed to
Certificateholders through the Distribution Date in the month of determination
that are reported as allocable to principal of such Mortgage Loan.
In the case of a Substitute Mortgage Loan, "Principal Balance" shall mean,
at the time of any determination, the principal balance of such Substitute
Mortgage Loan transferred to the Trust Fund, on the date of substitution,
reduced by all amounts distributed or to be distributed to Certificateholders
through the Distribution Date in the month of determination that are reported as
allocable to principal of such Substitute Mortgage Loan.
The Principal Balance of a Mortgage Loan (including a Substitute Mortgage
Loan) shall not be adjusted solely by reason of any bankruptcy or similar
proceeding or any moratorium or similar waiver or grace period. Whenever a
Realized Loss has been incurred with respect to a Mortgage Loan during a
calendar month, the Principal Balance of such Mortgage Loan shall be reduced by
the amount of such Realized Loss as of the Distribution Date next following the
end of such calendar month after giving effect to the allocation of Realized
Losses and distributions of principal to the Certificates.
PRINCIPAL PAYMENT: Any payment of principal on a Mortgage Loan other than a
Principal Prepayment.
PRINCIPAL PAYMENT AMOUNT: On any Distribution Date and for any Loan Group,
the sum with respect to the Mortgage Loans in such Loan Group of (i) the
scheduled principal payments on the Mortgage Loans due on the related Due Date,
(ii) the principal portion of repurchase proceeds received with respect to any
Mortgage Loan which was repurchased by the Company pursuant to a Purchase
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Obligation or as permitted by this Agreement during the Prior Period, and (iii)
any other unscheduled payments of principal which were received with respect to
any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments and
Liquidation Principal.
PRINCIPAL PREPAYMENT: Any payment of principal on a Mortgage Loan which
constitutes a Payoff or a Curtailment.
PRINCIPAL PREPAYMENT AMOUNT: On any Distribution Date and for any Loan
Group, the sum with respect to the Mortgage Loans in such Loan Group of (i)
Curtailments received during the Prior Period from such Mortgage Loans and (ii)
Payoffs received during the Payoff Period from such Mortgage Loans.
PRIOR PERIOD: The calendar month immediately preceding any Distribution
Date.
PRO RATA ALLOCATION: (i) With respect to losses on Group I Loans or
Group II Loans, the allocation of the principal portion of Realized Losses
relating to a Group I Loan or Group II Loan to all Classes of Group I, Group
II and Group C-B Certificates, other than the Class I-P and Class II-P
Certificates, pro rata according to their respective Class Principal Balances
(except if the loss is recognized with respect to a Class I-P or Class II-P
Mortgage Loan, in which case the applicable Class P Fraction of such loss
will first be allocated to the related Class P Certificates, and the
remainder of such loss will be allocated as described above), and the
allocation of the interest portion of losses pro rata according to the amount
of interest accrued but unpaid on each such Class, other than the related
Class P Certificates, if applicable, in reduction thereof and then in
reduction of their related Class Principal Balances (other than the related
Class P Certificates, if applicable) and (ii) with respect to losses on Group
III, Group IV or Group V Loans, the allocation of the principal portion of
Realized Losses relating to a Mortgage Loan in a given Loan Group to all
Classes of Certificates in the related Certificate Group pro rata according
to their respective Class Principal Balances, in reduction of their
respective Class Principal Balances (except if the loss is recognized with
respect to a Class P Mortgage Loan, in which event the applicable Class P
Fraction of such loss will first be allocated to the Class P Certificates of
the related Certificate Group, if applicable, and then the remainder of such
loss will be allocated as described above) and the allocation of the interest
portion of Realized Losses to the Certificates in the related Certificate
Group pro rata according to the amount of interest accrued but unpaid on each
such Class in reduction thereof, and then in reduction of their related Class
Principal Balances (other than the related Class P Certificates, if
applicable).
PURCHASE OBLIGATION: An obligation of the Company to repurchase Mortgage
Loans under the circumstances and in the manner provided in Section 2.02 or
Section 2.03.
PURCHASE PRICE: With respect to any Mortgage Loan to be purchased pursuant
to a Purchase Obligation, an amount equal to the sum of the Principal Balance
thereof, and unpaid accrued interest thereon, if any, to the last day of the
calendar month in which the date of repurchase occurs at a rate equal to the
applicable Pass-Through Rate; provided, however, that no Mortgage Loan shall be
purchased or required to be purchased pursuant to Section 2.03, or more than two
years after the Closing Date under Section 2.02, unless (a) the Mortgage Loan to
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be purchased is in default, or default is in the judgment of the Company
reasonably imminent, or (b) the Company, at its expense, delivers to the Trustee
an Opinion of Counsel to the effect that the purchase of such Mortgage Loan will
not give rise to a tax on a prohibited transaction, as defined in Section
860F(a) of the Code; provided, further, that in the case of clause (b) above,
the Company will use its reasonable efforts to obtain such Opinion of Counsel if
such opinion is obtainable.
QUALIFIED INSURER: A mortgage guaranty insurance company duly qualified as
such under the laws of the states in which the Mortgaged Properties are located
if such qualification is necessary to issue the applicable insurance policy or
bond, duly authorized and licensed in such states to transact the applicable
insurance business and to write the insurance provided by the Primary Insurance
Policies and approved as an insurer by FHLMC or FNMA and the Master Servicer. A
Qualified Insurer must have the rating required by the Rating Agencies.
RATING AGENCY: Initially, each of S&P and DCR, thereafter, each nationally
recognized statistical rating organization that has rated the Certificates at
the request of the Company, or their respective successors in interest.
RATINGS: As of any date of determination, the ratings, if any, of the
Certificates as assigned by the Rating Agencies.
REALIZED LOSS: For any Distribution Date, with respect to any Mortgage Loan
which became a Liquidated Mortgage Loan during the related Prior Period, the sum
of (i) the principal balance of such Mortgage Loan remaining outstanding and the
principal portion of Nonrecoverable Advances actually reimbursed with respect to
such Mortgage Loan (the principal portion of such Realized Loss), and (ii) the
accrued interest on such Mortgage Loan remaining unpaid and the interest portion
of Nonrecoverable Advances actually reimbursed with respect to such Mortgage
Loan (the interest portion of such Realized Loss). For any Distribution Date,
with respect to any Mortgage Loan which is not a Liquidated Mortgage Loan, the
amount of the Bankruptcy Loss incurred with respect to such Mortgage Loan as of
the related Due Date.
Except for Special Hazard Losses in excess of the combined Special
Hazard Coverage for Loan Group I and Loan Group II, Fraud Losses in excess of
the combined Fraud Coverage for Loan Group I and Loan Group II and Bankruptcy
Losses in excess of the combined Bankruptcy Coverage for Loan Group I and
Loan Group II, Realized Losses with respect to the Group I Loans and Group II
Loans shall be allocated among the related Certificates Groups (i) for
Realized Losses allocable to principal (a) first, to the Class C-B-6
Certificates, until the Class C-B-6 Principal Balance has been reduced to
zero, (b) second, to the Class C-B-5 Certificates, until the Class C-B-5
Principal Balance has been reduced to zero, (c) third, to the Class C-B-4
Certificates, until the Class C-B-4 Principal Balance has been reduced to
zero, (d) fourth, to the Class C-B-3 Certificates, until the Class C-B-3
Principal Balance has been reduced to zero, (e) fifth, to the Class C-B-2
Certificates, until the Class C-B-2 Principal Balance has been reduced to
zero, (f) sixth, to the Class C-B-1 Certificates, until the Class C-B-1
Principal Balance has been reduced to zero and (g) seventh, to the Class
I-A-1 or Class II-A-1 Certificates, as applicable, in reduction of their
respective Class Principal Balance; provided, however, that if the loss is
recognized with respect to a Class I-P Mortgage Loan or Class II-P Mortgage
Loan, the Class I-P Fraction or Class II-P Fraction of such loss will first
be allocated to the Class I-P Certificates or Class II-P Certificates, as
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applicable, and the remainder of such loss will be allocated as described
above in this clause (i); and (ii) for Realized Losses allocable to interest
(a) first, to the Class C-B-6 Certificates, in reduction of accrued but
unpaid interest thereon and then in reduction of the Class C-B-6 Principal
Balance, (b) second, to the Class C-B-5 Certificates, in reduction of accrued
but unpaid interest thereon and then in reduction of the Class C-B-5
Principal Balance, (c) third, to the Class C-B-4 Certificates, in reduction
of accrued but unpaid interest thereon and then in reduction of the Class
C-B-4 Principal Balance, (d) fourth, to the Class C-B-3 Certificates, in
reduction of accrued but unpaid interest thereon and then in reduction of the
Class C-B-3 Principal Balance, (e) fifth, to the Class C-B-2 Certificates, in
reduction of accrued but unpaid interest thereon and then in reduction of the
Class C-B-2 Principal Balance, (f) sixth, to the Class C-B-1 Certificates, in
reduction of accrued but unpaid interest thereon and then in reduction of the
Class C-B-1 Principal Balance, and (g) seventh, to the Class I-A-1 and Class
I-X Certificates or the Class II-A-1 and Class II-X Certificates, as
applicable, pro rata according to accrued but unpaid interest on such Classes
of Certificates and then in reduction of the Class Principal Balance of such
Certificates (in the case of the Class I-A-1 and Class II-A-1 Certificates).
In the case of clause (i)(g) and (ii)(g) of this paragraph, losses on Group I
Loans will only be allocated to the Group I Certificates and losses on Group
II Loans will only be allocated to the Group II Certificates.
Except for Special Hazard Losses in excess of Group III Special Hazard
Coverage, Fraud Losses in excess of Group III Fraud Coverage and Bankruptcy
Losses in excess of Group III Bankruptcy Coverage, Realized Losses with
respect to the Group III Loans shall be allocated among the Group III
Certificates (i) for Realized Losses allocable to principal (a) first, to the
Class III-B-6 Certificates, until the Class III-B-6 Principal Balance has
been reduced to zero, (b) second, to the Class III-B-5 Certificates, until
the Class III-B-5 Principal Balance has been reduced to zero, (c) third, to
the Class III-B-4 Certificates, until the Class III-B-4 Principal Balance has
been reduced to zero, (d) fourth, to the Class III-B-3 Certificates, until
the Class III-B-3 Principal Balance has been reduced to zero, (e) fifth, to
the Class III-B-2 Certificates, until the Class III-B-2 Principal Balance has
been reduced to zero, (f) sixth, to the Class III-B-1 Certificates, until the
Class III-B-1 Principal Balance has been reduced to zero, and (g) seventh, to
the Group III-A Certificates pro rata, according to their Class Principal
Balances in reduction thereof; provided, however, that if the loss is
recognized with respect to a Class III-P Mortgage Loan, the Class III-P
Fraction of such loss will first be allocated to the Class III-P Certificates
and the remainder of such loss will be allocated as described above in this
clause (i); and (ii) for Realized Losses allocable to interest (a) first, to
the Class III-B-6 Certificates, in reduction of accrued but unpaid interest
thereon and then in reduction of the Class III-B-6 Principal Balance, (b)
second, to the Class III-B-5 Certificates, in reduction of accrued but unpaid
interest thereon and then in reduction of the Class III-B-5 Principal
Balance, (c) third, to the Class III-B-4 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class
III-B-4 Principal Balance, (d) fourth, to the Class III-B-3 Certificates, in
reduction of accrued but unpaid interest thereon and then in reduction of the
Class III-B-3 Principal Balance, (e) fifth, to the Class III-B-2
Certificates, in reduction of accrued but unpaid interest thereon and then in
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reduction of the Class III-B-2 Principal Balance, (f) sixth, to the Class
III-B-1 Certificates, in reduction of accrued but unpaid interest thereon and
then in reduction of the Class III-B-1 Principal Balance, and (g) seventh, to
the Group III-A and Class III-X Certificates pro rata according to accrued
but unpaid interest on such Classes of Certificates and then in reduction of
the Class Principal Balance of the Group III-A Certificates pro rata,
according to their Class Principal Balances.
Except for Special Hazard Losses in excess of Group IV Special Hazard
Coverage, Fraud Losses in excess of Group IV Fraud Coverage and Bankruptcy
Losses in excess of Group IV Bankruptcy Coverage, Realized Losses with respect
to the Group IV Loans shall be allocated among the Group IV Certificates (i) for
Realized Losses allocable to principal (a) first, to the Class IV-B-6
Certificates, until the Class IV-B-6 Principal Balance has been reduced to zero,
(b) second, to the Class IV-B-5 Certificates, until the Class IV-B-5 Principal
Balance has been reduced to zero, (c) third, to the Class IV-B-4 Certificates,
until the Class IV-B-4 Principal Balance has been reduced to zero, (d) fourth,
to the Class IV-B-3 Certificates, until the Class IV-B-3 Principal Balance has
been reduced to zero, (e) fifth, to the Class IV-B-2 Certificates, until the
Class IV-B-2 Principal Balance has been reduced to zero, (f) sixth, to the Class
IV-B-1 Certificates, until the Class IV-B-1 Principal Balance has been reduced
to zero, and (g) seventh, to the Group IV-A Certificates pro rata, according to
their Class Principal Balances in reduction of their respective Class Principal
Balances; provided, however, that if the loss is recognized with respect to a
Class IV-P Mortgage Loan, the Class IV-P Fraction of such loss will first be
allocated to the Class IV-P Certificates and the remainder of such loss will be
allocated as described above in this clause (i); and (ii) for Realized Losses
allocable to interest (a) first, to the Class IV-B-6 Certificates, in reduction
of accrued but unpaid interest thereon and then in reduction of the Class IV-B-6
Principal Balance, (b) second, to the Class IV-B-5 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class IV-B-5
Principal Balance, (c) third, to the Class IV-B-4 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class IV-B-4
Principal Balance, (d) fourth, to the Class IV-B-3 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class IV-B-3
Principal Balance, (e) fifth, to the Class IV-B-2 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class IV-B-2
Principal Balance, (f) sixth, to the Class IV-B-1 Certificates, in reduction of
accrued but unpaid interest thereon and then in reduction of the Class IV-B-1
Principal Balance, and (g) seventh, to the Group IV-A and Class IV-X
Certificates pro rata according to accrued but unpaid interest on such Classes
of Certificates and then in reduction of the Class Principal Balances of the
Group IV-A Certificates pro rata, according to their Class Principal Balances.
Except for Special Hazard Losses in excess of Group V Special Hazard
Coverage, Fraud Losses in excess of Group V Fraud Coverage and Bankruptcy
Losses in excess of Group V Bankruptcy Coverage, Realized Losses with respect
to the Group V Loans shall be allocated among the Group V Certificates (i)
for Realized Losses allocable to principal (a) first, to the Class V-B-6
Certificates, until the Class V-B-6 Principal Balance has been reduced to
zero, (b) second, to the Class V-B-5 Certificates, until the Class V-B-5
Principal Balance has been reduced to zero, (c) third, to the Class V-B-4
Certificates, until the Class V-B-4 Principal Balance has been reduced to
zero, (d) fourth, to the Class V-B-3 Certificates, until the Class V-B-3
Principal Balance has been reduced to zero, (e) fifth, to the Class V-B-2
Certificates, until the Class V-B-2 Principal Balance has been reduced to
zero, (f) sixth, to the Class V-B-1 Certificates, until the Class V-B-1
Principal Balance has been reduced to zero, (g) seventh, to the Group V-A
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Certificates pro rata, according to their Class Principal Balances in
reduction of their respective Class Principal Balances; and (ii) for Realized
Losses allocable to interest (a) first, to the Class V-B-6 Certificates, in
reduction of accrued but unpaid interest thereon and then in reduction of the
Class V-B-6 Principal Balance, (b) second, to the Class V-B-5 Certificates,
in reduction of accrued but unpaid interest thereon and then in reduction of
the Class V-B-5 Principal Balance, (c) third, to the Class V-B-4
Certificates, in reduction of accrued but unpaid interest thereon and then in
reduction of the Class V-B-4 Principal Balance, (d) fourth, to the Class
V-B-3 Certificates, in reduction of accrued but unpaid interest thereon and
then in reduction of the Class V-B-3 Principal Balance, (e) fifth, to the
Class V-B-2 Certificates, in reduction of accrued but unpaid interest thereon
and then in reduction of the Class V-B-2 Principal Balance, (f) sixth, to the
Class V-B-1 Certificates, in reduction of accrued but unpaid interest thereon
and then in reduction of the Class V-B-1 Principal Balance, (g) seventh, to
the Group V-A, Class V-X-1 and Class V-X-2 Certificates pro rata according to
accrued but unpaid interest on such Classes of Certificates and then in
reduction of the Class Principal Balances of the Group V-A Certificates pro
rata, according to their Class Principal Balances.
Special Hazard Losses on Group I Loans and Group II Loans in excess of the
combined Special Hazard Coverage for Group I Loans and Group II Loans, Fraud
Losses on Group I Loans and Group II Loans in excess of the combined Fraud
Coverage for Group I Loans and Group II Loans, and Bankruptcy Losses on Group I
Loans and Group II Loans in excess of the combined Bankruptcy Coverage for Group
I Loans and Group II Loans shall be allocated among the Group I, Group II and
Group C-B Certificates by Pro Rata Allocation.
Special Hazard Losses on Group III Loans in excess of the Group III Special
Hazard Coverage, Fraud Losses on Group III Loans in excess of the Group III
Fraud Coverage, and Bankruptcy Losses on Group III Loans in excess of the Group
III Bankruptcy Coverage shall be allocated among the Group III Certificates by
Pro Rata Allocation.
Special Hazard Losses on Group IV Loans in excess of the Group IV Special
Hazard Coverage, Fraud Losses on Group IV Loans in excess of the Group IV Fraud
Coverage, and Bankruptcy Losses on Group IV Loans in excess of the Group IV
Bankruptcy Coverage shall be allocated among the Group IV Certificates by Pro
Rata Allocation.
Special Hazard Losses on Group V Loans in excess of the Group V Special
Hazard Coverage, Fraud Losses on Group V Loans in excess of the Group V Fraud
Coverage, and Bankruptcy Losses on Group V Loans in excess of the Group V
Bankruptcy Coverage shall be allocated among the Group V Certificates by Pro
Rata Allocation.
On each Distribution Date, after giving effect to the principal
distributions and allocations of losses as provided in this Agreement (without
regard to this paragraph), if the aggregate Class Principal Balance of all
outstanding Group I, Group II and Group C-B Certificates exceeds the aggregate
principal balance of the Group I Loans and Group II Loans remaining to be paid
at the close of business on the Cut-Off Date, after deduction of (i) all
principal payments due on or before the Cut-Off Date in respect of each such
Mortgage Loan whether or not paid and (ii) all amounts of principal in respect
of each such Mortgage Loan that have been received or advanced and included in
the Available Distribution Amount for Loan Group I and Loan Group II, and all
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losses in respect of each such Mortgage Loan that have been allocated to
Certificates, on such Distribution Date or prior Distribution Dates, then such
excess will be deemed a principal loss and will be allocated to the most junior
Class of Group C-B Certificates, in reduction of the Class Principal Balance
thereof.
On each Distribution Date, after giving effect to the principal
distributions and allocations of losses as provided in this Agreement (without
regard to this paragraph), if the aggregate Class Principal Balance of all
outstanding Group III Certificates exceeds the aggregate principal balance of
the Group III Loans remaining to be paid at the close of business on the Cut-Off
Date, after deduction of (i) all principal payments due on or before the Cut-Off
Date in respect of each such Mortgage Loan whether or not paid and (ii) all
amounts of principal in respect of each such Mortgage Loan that have been
received or advanced and included in the Available Distribution Amount for Loan
Group III, and all losses in respect of each such Mortgage Loan that have been
allocated to Certificates, on such Distribution Date or prior Distribution
Dates, then such excess will be deemed a principal loss and will be allocated to
the most junior Class of Group III-B Certificates, in reduction of the Class
Principal Balance thereof.
On each Distribution Date, after giving effect to the principal
distributions and allocations of losses as provided in this Agreement (without
regard to this paragraph), if the aggregate Class Principal Balance of all
outstanding Group IV Certificates exceeds the aggregate principal balance of the
Group IV Loans remaining to be paid at the close of business on the Cut-Off
Date, after deduction of (i) all principal payments due on or before the Cut-Off
Date in respect of each such Mortgage Loan whether or not paid and (ii) all
amounts of principal in respect of each such Mortgage Loan that have been
received or advanced and included in the Available Distribution Amount for Loan
Group IV, and all losses in respect of each such Mortgage Loan that have been
allocated to Certificates, on such Distribution Date or prior Distribution
Dates, then such excess will be deemed a principal loss and will be allocated to
the most junior Class of Group IV-B Certificates, in reduction of the Class
Principal Balance thereof.
On each Distribution Date, after giving effect to the principal
distributions and allocations of losses as provided in this Agreement (without
regard to this paragraph), if the aggregate Class Principal Balance of all
outstanding Group V Certificates exceeds the aggregate principal balance of the
Group V Loans remaining to be paid at the close of business on the Cut-Off Date,
after deduction of (i) all principal payments due on or before the Cut-Off Date
in respect of each such Mortgage Loan whether or not paid and (ii) all amounts
of principal in respect of each such Mortgage Loan that have been received or
advanced and included in the Available Distribution Amount for Loan Group V, and
all losses in respect of each such Mortgage Loan that have been allocated to
Certificates, on such Distribution Date or prior Distribution Dates, then such
excess will be deemed a principal loss and will be allocated to the most junior
Class of Group V-B Certificates, in reduction of the Class Principal Balance
thereof.
RECORD DATE: The last Business Day of the month immediately preceding the
month of the related Distribution Date.
REFERENCE BANKS: Barclays Bank PLC, Bankers Trust Company and The Bank of
Tokyo, Ltd. or, if any such bank shall cease to provide quotations for one-month
United States dollar-denominated deposits, any other leading bank with an
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established place of business in London engaged in transactions in Eurodollar
deposits in the international Eurocurrency market not controlling, controlled
by or under common control with the Company, designated by the Company from
time to time for the purpose of providing quotations for one-month United
States dollar-denominated deposits.
REGULAR INTEREST CERTIFICATES: The Certificates (other than the Class R
Certificates).
REMIC: A real estate mortgage investment conduit, as such term is defined
in the Code.
REMIC PROVISIONS: Sections 860A through 860G of the Code, related Code
provisions and regulations promulgated thereunder, as the foregoing may be in
effect from time to time.
REMITTANCE RATE: For each Class of Certificates, the per annum rate set
forth as the Remittance Rate for such Class in the Preliminary Statement hereto.
RESIDUAL CERTIFICATES: The Class R Certificates, which are being issued in
a single class. The Class R Certificates are hereby designated the sole Class of
"residual interests" in the REMIC related to the Trust Fund, for purposes of
Section 860G(a)(2) of the Code.
RESIDUAL DISTRIBUTION AMOUNT: On any Distribution Date, any portion of the
Available Distribution Amount for a Loan Group remaining after all distributions
to the related Certificates and Class R Certificates. Upon termination of the
obligations created by this Agreement and the Trust Fund created hereby, the
amounts which remain on deposit in the Certificate Account after payment to the
Holders of the Certificates of the amounts set forth in Section 9.01 of this
Agreement, and subject to the conditions set forth therein.
RESPONSIBLE OFFICER: When used with respect to the Trustee, any officer
assigned to and working in its Corporate Trust Department or similar group and
also, with respect to a particular matter, any other officer to whom such matter
is referred because of such officer's knowledge of and familiarity with the
particular subject.
S&P: Standard & Poor's Ratings Services, a division of The McGraw-Hill
Companies, Inc., provided that at any time it be a Rating Agency.
SECURITIES ACT: The Securities Act of 1933, as amended.
SECURITY AGREEMENT: With respect to a Cooperative Loan, the agreement or
mortgage creating a security interest in favor of the originator of the
Cooperative Loan in the related Cooperative Stock.
SELLING AND SERVICING CONTRACT: (a) The contract (including the PNC
Mortgage Securities Corp. Selling Guide and PNC Mortgage Securities Corp.
Servicing Guide to the extent incorporated by reference therein) between the
Company and a Person relating to the sale of the Mortgage Loans to the Company
and the servicing of such Mortgage Loans for the benefit of the
Certificateholders, which contract is substantially in the form of Exhibit E
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hereto, as such contract may be amended or modified from time to time; provided,
however, that any such amendment or modification shall not materially adversely
affect the interests and rights of Certificateholders and (b) any other similar
contract providing substantially similar rights and benefits as those provided
by the forms of contract attached as Exhibit E hereto.
SENIOR CERTIFICATES: The Group I Certificates, the Group II Certificates,
the Group III Senior Certificates, the Group IV Senior Certificates and the
Group V Senior Certificates, collectively.
SENIOR SUBORDINATE CERTIFICATES: The Subordinate Certificates other than
the Junior Subordinate Certificates.
SERVICER: A mortgage loan servicing institution to which the Master
Servicer has assigned servicing duties with respect to any Mortgage Loan under a
Selling and Servicing Contract; provided, however, the Master Servicer may
designate itself or one or more other mortgage loan servicing institutions as
Servicer upon termination of an initial Servicer's servicing duties.
SERVICING FEE: For each Mortgage Loan, the fee paid to the Servicer thereof
to perform primary servicing functions for the Master Servicer with respect to
such Mortgage Loan, equal to the per annum rate set forth for each Mortgage Loan
in the Mortgage Loan Schedule on the outstanding Principal Balance of such
Mortgage Loan.
SERVICING OFFICER: Any officer of the Master Servicer involved in, or
responsible for, the administration and servicing of the Mortgage Loans or the
Certificates, as applicable, whose name and specimen signature appear on a list
of servicing officers furnished to the Trustee by the Master Servicer, as such
list may from time to time be amended.
SPECIAL HAZARD COVERAGE: With respect to each of (i) Loan Group I and Loan
Group II, (ii) Loan Group III, (iii) Loan Group IV and (v) Loan Group V, the
Special Hazard Coverage Initial Amount for such Loan Group (or Loan Groups) less
Special Hazard Losses allocated to the Certificates in the related Certificate
Group (or Certificate Groups in the case of the Special Hazard Coverage for Loan
Group I and Loan Group II) and the amount of any scheduled reduction in the
amount of Special Hazard Coverage as follows: on each anniversary of the Cut-Off
Date, the Special Hazard Coverage shall be reduced, but not increased, to an
amount equal to the lesser of (1) the greatest of (a) the aggregate principal
balance of the Mortgage Loans in the related Loan Group (or Loan Groups) located
in the single California zip code area containing the largest aggregate
principal balance of the Mortgage Loans, (b) 1% of the aggregate unpaid
principal balance of the Mortgage Loans in the related Loan Group (or Loan
Groups) and (c) twice the unpaid principal balance of the largest single
Mortgage Loan in the related Loan Group (or Loan Groups), in each case
calculated as of the Due Date in the immediately preceding month, and (2) the
Special Hazard Coverage Initial Amount as reduced by the Special Hazard Losses
allocated to the Certificates in the related Certificate Group (or the related
Certificate Groups in the case of the Special Hazard Coverage for Loan Group I
and Loan Group II) since the Cut-Off Date. Special Hazard Coverage may be
reduced upon written confirmation from the Rating Agencies that such reduction
will not adversely affect the then current ratings assigned to the Certificates
by the Rating Agencies.
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SPECIAL HAZARD COVERAGE INITIAL AMOUNT: With respect to Loan Group I and
Loan Group II, $2,797,971, with respect to Loan Group III, $2,520,000, with
respect to Loan Group IV, $4,831,365 and with respect to Loan Group V,
$4,477,643.
SPECIAL HAZARD LOSS: The occurrence of any direct physical loss or damage
to a Mortgaged Property not covered by a standard hazard maintenance policy with
extended coverage which is caused by or results from any cause except: (i) fire,
lightning, windstorm, hail, explosion, riot, riot attending a strike, civil
commotion, vandalism, aircraft, vehicles, smoke, sprinkler leakage, except to
the extent of that portion of the loss which was uninsured because of the
application of a co-insurance clause of any insurance policy covering these
perils; (ii) normal wear and tear, gradual deterioration, inherent vice or
inadequate maintenance of all or part thereof; (iii) errors in design, faulty
workmanship or materials, unless the collapse of the property or a part thereof
ensues and then only for the ensuing loss; (iv) nuclear reaction or nuclear
radiation or radioactive contamination, all whether controlled or uncontrolled
and whether such loss be direct or indirect, proximate or remote or be in whole
or in part caused by, contributed to or aggravated by a peril covered by this
definition of Special Hazard Loss; (v) hostile or warlike action in time of
peace or war, including action in hindering, combating or defending against an
actual, impending or expected attack (a) by any government of sovereign power
(de jure or de facto), or by an authority maintaining or using military, naval
or air forces, (b) by military, naval or air forces, or (c) by an agent of any
such government, power, authority or forces; (vi) any weapon of war employing
atomic fission or radioactive force whether in time of peace or war; (vii)
insurrection, rebellion, revolution, civil war, usurped power or action taken by
governmental authority in hindering, combating or defending against such
occurrence; or (viii) seizure or destruction under quarantine or customs
regulations, or confiscation by order of any government or public authority.
STEP DOWN PERCENTAGE: For any Distribution Date, the percentage indicated
below:
<TABLE>
<CAPTION>
Distribution Date Occurring In Step Down Percentage
-------------------------------- --------------------
<S> <C>
March 1998 through February 2003 0%
March 2003 through February 2004 30%
March 2004 through February 2005 40%
March 2005 through February 2006 60%
March 2006 through February 2007 80%
March 2007 and thereafter 100%
</TABLE>
STRIPPED INTEREST RATE: For each Group I Loan and Group II Loan, the
excess, if any, of the Pass-Through Rate for such Mortgage Loan over 7.000%, for
each Group III Loan and Group IV Loan, the excess, if any, of the Pass-Through
Rate for such Mortgage Loan over 6.750% and for each Group V Loan, the excess,
if any, of the Pass-Through Rate for such Mortgage Loan over 6.625%.
SUBORDINATE CERTIFICATES: The Group C-B, Group III-B, Group IV-B and Group
V-B Certificates, collectively.
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SUBORDINATION LEVEL: On any specified date, with respect to any of the
Group C-B Certificates, the percentage obtained by dividing the sum of the Class
Principal Balances of the Classes of Certificates which are subordinate in right
of payment to such Class (provided that no Class of Group C-B Certificates shall
be subordinate in right of payment to the Class C-B-6 Certificates) by the
aggregate Class Principal Balances of the Group I, Group II and Group C-B
Certificates as of such date prior to giving effect to distributions of
principal or interest or allocations of Realized Losses on the Group I Loans and
the Group II Loans on such date. On any specified date, with respect to any of
the Group III-B Certificates, the percentage obtained by dividing the sum of the
Class Principal Balances of the Classes of Certificates which are subordinate in
right of payment to such Class (provided that no Class of Group III-B
Certificates shall be subordinate in right of payment to the Class III-B-6
Certificates) by the aggregate Class Principal Balances of the Group III
Certificates as of such date prior to giving effect to distributions of
principal or interest or allocations of Realized Losses on the Group III Loans
on such date. On any specified date, with respect to any of the Group IV-B
Certificates, the percentage obtained by dividing the sum of the Class Principal
Balances of the Classes of Certificates which are subordinate in right of
payment to such Class (provided that no Class of Group IV-B Certificates shall
be subordinate in right of payment to the Class IV-B-6 Certificates) by the
aggregate Class Principal Balances of the Group IV Certificates as of such date
prior to giving effect to distributions of principal or interest or allocations
of Realized Losses on the Group IV Loans on such date. On any specified date,
with respect to any of the Group V-B Certificates, the percentage obtained by
dividing the sum of the Class Principal Balances of the Classes of Certificates
which are subordinate in right of payment to such Class (provided that no Class
of Group V-B Certificates shall be subordinate in right of payment to the Class
V-B-6 Certificates) by the aggregate Class Principal Balances of the Group V
Certificates as of such date prior to giving effect to distributions of
principal or interest or allocations of Realized Losses on the Group V Loans on
such date.
SUBSTITUTE MORTGAGE LOAN: A Mortgage Loan which is substituted for another
Mortgage Loan pursuant to and in accordance with the provisions of Section 2.02.
TAX MATTERS PERSON: A Holder of the Class R Certificate holding a
Certificate having an Authorized Denomination of at least 0.01% or any Permitted
Transferee of such Class R Certificate designated as succeeding to the position
of Tax Matters Person with respect to the Trust Fund in a notice to the Trustee
signed by authorized representatives of the transferor and transferee of such
Class R Certificate. If the Tax Matters Person becomes a Disqualified
Organization, the last preceding Holder of such Authorized Denomination of the
Class R Certificate that is not a Disqualified Organization shall be Tax Matters
Person pursuant to Section 5.01(c). If any Person is appointed as tax matters
person by the Internal Revenue Service pursuant to the Code, such Person shall
be Tax Matters Person.
TERMINATION DATE: The date upon which final payment of the Certificates
will be made pursuant to the procedures set forth in Section 9.01(b).
TERMINATION PAYMENT: The final payment delivered to the Certificateholders
on the Termination Date pursuant to the procedures set forth in Section 9.01(b).
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TRANSFER: Any direct or indirect transfer or sale of any Ownership
Interest in a Residual Certificate.
TRANSFEREE: Any Person who is acquiring by Transfer any Ownership Interest
in a Residual Certificate.
TRANSFEREE AFFIDAVIT AND AGREEMENT: An affidavit and agreement in the form
attached hereto as Exhibit J.
TRUST: The segregated pool of assets consisting of the Trust Fund conveyed
in trust to the Trustee for the benefit of the Certificateholders pursuant to
Section 2.01, with respect to which a separate REMIC election is to be made.
TRUST FUND: The corpus of the trust created pursuant to Section 2.01 of
this Agreement. The Trust Fund consists of (i) the Mortgage Loans and all rights
pertaining thereto; (ii) such assets as from time to time may be held by the
Trustee (or its duly appointed agent) in the Certificate Account or the
Investment Account (except amounts representing the Master Servicing Fee or the
Servicing Fee); (iii) such assets as from time to time may be held by Servicers
in a Custodial Account for P&I or Custodial Account for Reserves related to the
Mortgage Loans (except amounts representing the Master Servicing Fee or the
Servicing Fee); (iv) property which secured a Mortgage Loan and which has been
acquired by foreclosure or deed in lieu of foreclosure or, in the case of a
Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v)
amounts paid or payable by the insurer under any FHA insurance policy or any
Primary Insurance Policy and proceeds of any VA guaranty and any other insurance
policy related to any Mortgage Loan or the Mortgage Pool.
TRUSTEE: U.S. Bank National Association, or its successor-in-interest as
provided in Section 8.09, or any successor trustee appointed as herein provided.
UNCOLLECTED INTEREST: With respect to any Distribution Date for any
Mortgage Loan on which a Payoff was made by a Mortgagor during the related
Payoff Period, except for Payoffs received during the period from the first
through the 14th day of the month of such Distribution Date, an amount equal to
one month's interest at the applicable Pass-Through Rate on such Mortgage Loan
less the amount of interest actually paid by the Mortgagor with respect to such
Payoff.
UNCOMPENSATED INTEREST SHORTFALL: With respect to a Loan Group, for any
Distribution Date, the excess, if any, of (i) the sum of (a) aggregate
Uncollected Interest with respect to the Mortgage Loans in the related Loan
Group and (b) aggregate Curtailment Shortfall with respect to the Mortgage Loans
in the related Loan Group over (ii) Compensating Interest with respect to such
Loan Group.
UNDERWRITING STANDARDS: The underwriting standards of the Company, Homeside
Lending, Inc., PHH Mortgage Services Corporation, Headlands Mortgage Company,
First Chicago NBD Mortgage Company, Ohio Savings Bank, GMAC Mortgage Corporation
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of PA, Western Financial Savings Bank, FSB, National City Mortgage Co.,
Countrywide Home Loans, Inc., Old Kent Mortgage Company, SunAmerica Life
Insurance Company, Chase Manhattan Mortgage Corporation and PNC Mortgage Corp.
of America.
UNINSURED CAUSE: Any cause of damage to a Mortgaged Property, the cost of
the complete restoration of which is not fully reimbursable under the hazard
insurance policies required to be maintained pursuant to Section 3.07.
U.S. PERSON: A citizen or resident of the United States, a corporation,
partnership or other entity created or organized in or under the laws of the
United States, any state thereof or the District of Columbia, or an estate or
trust that is subject to U.S. federal income tax regardless of the source of its
income.
VA: The Department of Veterans Affairs, formerly known as the Veterans
Administration, or any successor thereto.
WITHDRAWAL DATE: Any day during the period commencing on the 18th day of
the month of the related Distribution Date (or if such day is not a Business
Day, the immediately preceding Business Day) and ending on the last Business Day
prior to the 21st day of the month of such Distribution Date.
ARTICLE II
CONVEYANCE OF THE TRUST FUND; REMIC ELECTION AND DESIGNATIONS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. CONVEYANCE OF THE TRUST FUND; REMIC ELECTION AND
DESIGNATIONS. A trust (the "Trust") of which the Trustee is the trustee is
hereby created under the laws of the State of New York for the benefit of the
Holders of the Certificates. The purpose of the Trust is to hold the Trust Fund
and provide for the issuance, execution and delivery of the Certificates. The
assets of the Trust shall consist of the Trust Fund. The Trust shall be
irrevocable.
The assets of the Trust shall remain in the custody of the Trustee, on
behalf of the Trust, and shall be kept in the Trust. Moneys to the credit of
the Trust shall be held by the Trustee and invested as provided herein. All
assets received and held in the Trust will not be subject to any right, charge,
security interest, lien or claim of any kind in favor of U.S. Bank National
Association in its own right, or any Person claiming through it. The Trustee,
on behalf of the Trust, shall not have the power or authority to transfer,
assign, hypothecate, pledge or otherwise dispose of any of the assets of the
Trust to any Person, except as permitted herein. No creditor of a beneficiary
of the Trust, of the Trustee, of the Master Servicer or of the Company shall
have any right to obtain possession of, or otherwise exercise legal or equitable
remedies with respect to, the property of the Trust, except in accordance with
the terms of this Agreement.
Concurrently with the execution and delivery hereof, the Company does
hereby irrevocably sell, transfer, assign, set over and otherwise convey to the
Trustee, in trust for the benefit of the Holders of the Certificates, without
recourse, all the Company's right, title and interest in and to the Trust Fund,
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including but not limited to all scheduled payments of principal and interest
due after the Cut-Off Date and received by the Company with respect to the
Mortgage Loans at any time, and all Principal Prepayments received by the
Company after the Cut-Off Date with respect to the Mortgage Loans (such transfer
and assignment by the Company to be referred to herein as the "Conveyance"). The
Trustee hereby accepts the Trust created hereby and accepts delivery of the
Trust Fund on behalf of the Trust and acknowledges that it holds the Mortgage
Loans for the benefit of the Holders of the Certificates issued pursuant to this
Agreement. It is the express intent of the parties hereto that the Conveyance of
the Trust Fund to the Trustee by the Company as provided in this Section 2.01
be, and be construed as, an absolute sale of the Trust Fund. It is, further, not
the intention of the parties that such Conveyance be deemed a pledge of the
Trust Fund by the Company to the Trustee to secure a debt or other obligation of
the Company. However, in the event that, notwithstanding the intent of the
parties, the Trust Fund is held to be the property of the Company, or if for any
other reason this Agreement is held or deemed to create a security interest in
the Trust Fund, then
(a) this Agreement shall be deemed to be a security agreement;
(b) the Conveyance provided for in this Section 2.01 shall be deemed to be
a grant by the Company to the Trustee of a security interest in all of the
Company's right, title, and interest, whether now owned or hereafter acquired,
in and to:
(I) All accounts, general intangibles, chattel paper, instruments,
documents, money, deposit accounts, certificates of deposit, goods, letters of
credit, advices of credit and investment property consisting of, arising from or
relating to any of the property described in (i), (ii) and (iii) below: (i) the
Mortgage Loans identified on the Mortgage Loan Schedule, including the related
Mortgage Notes, Mortgages, Cooperative Stock Certificates, and Cooperative
Leases, all Substitute Mortgage Loans and all distributions with respect to such
Mortgage Loans and Substitute Mortgage Loans payable on and after the Cut-Off
Date; (ii) the Certificate Account, the Investment Account, the Custodial
Accounts for P&I, the Custodial Accounts for Reserves, and all money or other
property held therein; and (iii) amounts paid or payable by the insurer under
any FHA insurance policy or any Primary Insurance Policy and proceeds of any VA
guaranty and any other insurance policy related to any Mortgage Loan or the
Mortgage Pool;
(II) All accounts, general intangibles, chattel paper, instruments,
documents, money, deposit accounts, certificates of deposit, goods, letters of
credit, advices of credit, investment property, and other rights arising from or
by virtue of the disposition of, or collections with respect to, or insurance
proceeds payable with respect to, or claims against other persons with respect
to, all or any part of the collateral described in (I) above (including any
accrued discount realized on liquidation of any investment purchased at a
discount); and
(III) All cash and non-cash proceeds of the collateral described in (I) and
(II) above;
(c) the possession by the Trustee of the Mortgage Notes, the Mortgages,
the Security Agreements, Assignments of Proprietary Lease, Cooperative Stock
Certificates, Cooperative Leases and such other goods, letters of credit,
advices of credit, instruments, money, documents, chattel paper or certificated
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securities shall be deemed to be possession by the secured party or possession
by a purchaser for purposes of perfecting the security interest pursuant to the
Uniform Commercial Code (including, without limitation, Sections 9-305 and 9-115
thereof) as in force in the relevant jurisdiction; and
(d) notifications to persons holding such property, and acknowledgments,
receipts or confirmations from persons holding such property, shall be deemed to
be notifications to, or acknowledgments, receipts or confirmations from,
securities intermediaries, bailees or agents of, or persons holding for, the
Trustee, as applicable for the purpose of perfecting such security interest
under applicable law.
The Company and the Trustee at the direction of the Company shall, to the
extent consistent with this Agreement, take such actions as may be necessary to
ensure that, if this Agreement were deemed to create a security interest in the
Trust Fund, such security interest would be deemed to be a perfected security
interest of first priority under applicable law and will be maintained as such
throughout the term of the Agreement. In connection herewith, the Trustee shall
have all of the rights and remedies of a secured party and creditor under the
Uniform Commercial Code as in force in the relevant jurisdiction.
In connection with the sale, transfer and assignment referred to in the
first paragraph of this Section 2.01, the Company, concurrently with the
execution and delivery hereof, does deliver to, and deposit with, or cause to be
delivered to and deposited with, the Trustee or Custodian the Mortgage Files for
the Mortgage Loans, which shall on original issuance thereof and at all times be
registered in the name of the Trustee.
Concurrently with the execution and delivery hereof, the Company shall
cause assignments of the Mortgage Loans to the Trustee to be recorded or filed,
except in states where, in the opinion of counsel admitted to practice in such
state acceptable to the Company, the Trustee and the Rating Agencies submitted
in lieu of such recording or filing, such recording or filing is not required to
protect the Trustee's interest in such Mortgage Loans against creditors of, or
against sale, further assignments, satisfaction or discharge by the Lender, a
Servicer, the Company or the Master Servicer, and the Company shall cause to be
filed the Form UCC-3 assignment and Form UCC-1 financing statement referred to
in clause (Y)(vii) and (ix), respectively, of the definition of "Mortgage File."
In connection with its servicing of Cooperative Loans, the Master Servicer will
use its best efforts to file timely continuation statements, if necessary, with
regard to each financing statement and assignment relating to Cooperative Loans.
In instances where the original recorded Mortgage or any intervening
assignment thereof (recorded or in recordable form) relating to a Mortgage Loan
cannot be delivered by the Company to the Trustee prior to or concurrently with
the execution and delivery hereof (due to a delay on the part of the recording
office), the Company may, in lieu of delivering such original documents, deliver
to the Trustee a fully legible reproduction of the original Mortgage or
intervening assignment provided that the related Lender or originator certifies
on the face of such reproduction(s) or copy as follows: "Certified true and
correct copy of original which has been transmitted for recordation." For
purposes hereof, transmitted for recordation means having been mailed or
otherwise delivered for recordation to the appropriate authority. In all such
instances, the Company shall transmit the original recorded Mortgage and any
intervening assignments with evidence of recording thereon (or a copy of such
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original Mortgage or intervening assignment certified by the applicable
recording office)(collectively, "Recording Documents") to the Trustee within 270
days after the execution and delivery hereof. In instances where, due to a delay
on the part of the recording office where any such Recording Documents have been
delivered for recordation, the Recording Documents cannot be delivered to the
Trustee within 270 days after execution and delivery hereof, the Company shall
deliver to the Trustee within such time period a certificate (a "Company
Officer's Certificate") signed by the Chairman of the Board, President, any Vice
President or Treasurer of the Company stating the date by which the Company
expects to receive such Recording Documents from the applicable recording
office. In the event that Recording Documents have still not been received by
the Company and delivered to the Trustee by the date specified in its previous
Company Officer's Certificate delivered to the Trustee, the Company shall
deliver to the Trustee by such date an additional Company Officer's Certificate
stating a revised date by which the Company expects to receive the applicable
Recording Documents. This procedure shall be repeated until the Recording
Documents have been received by the Company and delivered to the Trustee.
In instances where, due to a delay on the part of the title insurer, a copy
of the title insurance policy for a particular Mortgage Loan cannot be delivered
to the Trustee prior to or concurrently with the execution and delivery hereof,
the Company shall provide a copy of such title insurance policy to the Trustee
within 90 days after the Company's receipt of the Recording Documents necessary
to issue such title insurance policy. In addition, the Company shall, subject to
the limitations set forth in the preceding sentence, provide to the Trustee upon
request therefor a duplicate title insurance policy for any Mortgage Loan.
For Mortgage Loans for which the Company has received a Payoff after the
Cut-Off Date and prior to the date of execution and delivery hereof, the
Company, in lieu of delivering the above documents, herewith delivers to the
Trustee a certification of a Servicing Officer of the nature set forth in
Section 3.10.
The Trustee is authorized, with the Master Servicer's consent, to appoint
any bank or trust company approved by and unaffiliated with each of the Company
and the Master Servicer as Custodian of the documents or instruments referred to
above in this Section 2.01, and to enter into a Custodial Agreement for such
purpose, provided, however, that the Trustee shall be and remain liable for the
acts of any such Custodian only to the extent that it is responsible for its own
acts hereunder.
The Company and the Trustee agree that the Company, as agent for the Tax
Matters Person, shall, on behalf of the Trust Fund, elect to treat the Trust
Fund as a REMIC within the meaning of Section 860D of the Code and, if
necessary, under applicable state laws. Such election shall be included in the
Form 1066 and any appropriate state return to be filed on behalf of the REMIC
constituted by the Trust Fund for its first taxable year.
The Closing Date is hereby designated as the "startup day" of the REMIC
constituted by the Trust Fund within the meaning of Section 860G(a)(9) of the
Code.
The regular interests (as set forth in the table contained in the
Preliminary Statement hereto) relating to the Trust Fund are hereby designated
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as "regular interests" for purposes of Section 860G(a)(1) of the Code. The Class
R Certificates are being issued in a single Class, which is hereby designated as
the sole class of "residual interest" in the Trust Fund for purposes of Section
860G(a)(2) of the Code.
The parties intend that the affairs of the Trust Fund formed hereunder
shall constitute, and that the affairs of the Trust Fund shall be conducted so
as to qualify the Trust Fund as a REMIC. In furtherance of such intention, the
Company covenants and agrees that it shall act as agent for the Tax Matters
Person (and the Company is hereby appointed to act as agent for such Tax Matters
Person) on behalf of the Trust Fund and that in such capacity it shall: (a)
prepare and file, or cause to be prepared and filed, a federal tax return using
a calendar year as the taxable year and using an accrual method of accounting
for the Trust Fund when and as required by the REMIC Provisions and other
applicable federal income tax laws; (b) make an election, on behalf of the
trust, for the Trust Fund to be treated as a REMIC on the federal tax return of
the Trust Fund for its first taxable year, in accordance with the REMIC
Provisions; (c) prepare and forward, or cause to be prepared and forwarded, to
the Holders of the Certificates and the Trustee, all information reports as and
when required to be provided to them in accordance with the REMIC Provisions,
and make available the information necessary for the application of Section
860E(e) of the Code; (d) conduct the affairs of the Trust Fund at all times that
any Certificates are outstanding so as to maintain the status of the Trust Fund
as a REMIC under the REMIC Provisions; (e) not knowingly or intentionally take
any action or omit to take any action that would cause the termination of the
REMIC status of the Trust Fund; and (f) pay the amount of any federal prohibited
transaction penalty taxes imposed on the Trust Fund when and as the same shall
be due and payable (but such obligation shall not prevent the Company or any
other appropriate person from contesting any such tax in appropriate proceedings
and shall not prevent the Company from withholding payment of such tax, if
permitted by law, pending the outcome of such proceedings); provided, that the
Company shall be entitled to be indemnified by the Trust Fund for any such
prohibited transaction penalty taxes if the Company's failure to exercise
reasonable care was not the primary cause of the imposition of such prohibited
transaction penalty taxes.
The Trustee and the Master Servicer shall promptly provide the Company with
such information as the Company may from time to time request for the purpose of
enabling the Company to prepare tax returns.
In the event that a Mortgage Loan is discovered to have a defect which, had
such defect been discovered before the startup day, would have prevented such
Mortgage Loan from being a "qualified mortgage" within the meaning of Section
860G(a)(3) of the Code, and the Company does not repurchase such Mortgage Loan
within 90 days of such date, the Master Servicer, on behalf of the Trustee,
shall within 90 days of the date such defect is discovered sell such Mortgage
Loan at such price as the Master Servicer in its sole discretion, determines to
be the greatest price that will result in the purchase thereof within 90 days of
such date, unless the Master Servicer delivers to the Trustee an Opinion of
Counsel to the effect that continuing to hold such Mortgage Loan will not
adversely affect the status of the electing portion of the Trust Fund as a REMIC
for federal income tax purposes.
In the event that any tax is imposed on "prohibited transactions" of the
Trust Fund as defined in Section 860F of the Code and not paid by the Company
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pursuant to clause (f) of the third preceding paragraph, such tax shall be
charged against amounts otherwise distributable to the Class R
Certificateholders. Notwithstanding anything to the contrary contained herein,
the Trustee is hereby authorized to retain from amounts otherwise distributable
to the Class R Certificateholders on any Distribution Date sufficient funds to
reimburse the Company in its capacity as agent for the Tax Matters Person for
the payment of such tax (upon the written request of the Company, to the extent
reimbursable, and to the extent that the Company has not been previously
reimbursed therefor).
Section 2.02. ACCEPTANCE BY TRUSTEE. The Trustee acknowledges receipt
(or with respect to any Mortgage Loan subject to a Custodial Agreement,
receipt by the Custodian thereunder) of the documents (or certified copies
thereof as specified in Section 2.01) referred to in Section 2.01 above, but
without having made the review required to be made within 45 days pursuant to
this Section 2.02, and declares that as of the Closing Date it holds and will
hold such documents and the other documents constituting a part of the
Mortgage Files delivered to it, and the Trust Fund, as Trustee in trust, upon
the trusts herein set forth, for the use and benefit of the Holders from time
to time of the Certificates. The Trustee agrees, for the benefit of the
Holders of the Certificates, to review or cause the Custodian to review each
Mortgage File within 45 days after the Closing Date and deliver to the
Company a certification in the form attached as Exhibit M hereto, to the
effect that all documents required (in the case of instruments described in
clauses (X)(vi) and (Y)(x) of the definition of "Mortgage File," known by the
Trustee to be required) pursuant to the third paragraph of Section 2.01 have
been executed and received, and that such documents relate to the Mortgage
Loans identified in the Mortgage Loan Schedule. In performing such review,
the Trustee may rely upon the purported genuineness and due execution of any
such document, and on the purported genuineness of any signature thereon. The
Trustee shall not be required to make any independent examination of any
documents contained in each Mortgage File beyond the review specifically
required herein. The Trustee makes no representations as to: (i) the
validity, legality, enforceability or genuineness of any of the Mortgage
Loans identified on the Mortgage Loan Schedule, or (ii) the collectability,
insurability, effectiveness or suitability of any Mortgage Loan. If the
Trustee finds any document or documents constituting a part of a Mortgage
File not to have been executed or received, or to be unrelated to the
Mortgage Loans identified in the Mortgage Loan Schedule, the Trustee shall
promptly so notify the Company. The Company hereby covenants and agrees that,
if any such defect cannot be corrected or cured, the Company shall, not later
than 60 days after the Trustee's notice to it respecting such defect, within
the three-month period commencing on the Closing Date (or within the two-year
period commencing on the Closing Date if the related Mortgage Loan is a
"defective obligation" within the meaning of Section 860G(a)(4)(B)(ii) of the
Code and Treasury Regulation Section 1.860G-2(f)), either (i) repurchase the
related Mortgage Loan from the Trustee at the Purchase Price, or (ii)
substitute for any Mortgage Loan to which such defect relates a different
mortgage loan (a "Substitute Mortgage Loan") which is a "qualified
replacement mortgage" (as defined in the Code) and, (iii) after such
three-month or two-year period, as applicable, the Company shall repurchase
the Mortgage Loan from the Trustee at the Purchase Price but only if the
Mortgage Loan is in default or default is, in the judgment of the Company,
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reasonably imminent. If such defect would cause the Mortgage Loan to be other
than a "qualified mortgage" (as defined in the Code), then notwithstanding
the previous sentence, repurchase or substitution must occur within the
sooner of (i) 90 days from the date the defect was discovered or (ii) in the
case of substitution, two years from the Closing Date.
Such Substitute Mortgage Loan shall mature no later than, and not more than
two years earlier than, have a principal balance and Loan-to-Value Ratio equal
to or less than, and have a Pass-Through Rate on the date of substitution equal
to or no more than 1% greater than the Mortgage Loan being substituted for. If
the aggregate of the principal balances of the Substitute Mortgage Loans
substituted for a Mortgage Loan is less than the Principal Balance of such
Mortgage Loan, the Company shall pay the difference in cash to the Trustee for
deposit into the Certificate Account, and such payment by the Company shall be
treated in the same manner as proceeds of the repurchase by the Company of a
Mortgage Loan pursuant to this Section 2.02. Furthermore, such Substitute
Mortgage Loan shall otherwise have such characteristics so that the
representations and warranties of the Company set forth in Section 2.03 hereof
would not have been incorrect had such Substitute Mortgage Loan originally been
a Mortgage Loan. A Substitute Mortgage Loan may be substituted for a defective
Mortgage Loan whether or not such defective Mortgage Loan is itself a Substitute
Mortgage Loan.
The Purchase Price for each repurchased Mortgage Loan shall be deposited by
the Company in the Certificate Account and, upon receipt by the Trustee of
written notification of such deposit signed by a Servicing Officer, the Trustee
shall release to the Company the related Mortgage File and shall execute and
deliver such instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company or its designee or
assignee title to any Mortgage Loan released pursuant hereto. The obligation of
the Company to repurchase or substitute any Mortgage Loan as to which such a
defect in a constituent document exists shall constitute the sole remedy
respecting such defect available to the Certificateholders or the Trustee on
behalf of the Certificateholders.
Section 2.03. REPRESENTATIONS AND WARRANTIES OF THE COMPANY CONCERNING THE
MORTGAGE LOANS. The Company hereby represents and warrants to the Trustee that
as of the Cut-Off Date unless otherwise indicated:
(i) The information set forth in the Mortgage Loan Schedule was true
and correct in all material respects at the date or dates respecting which
such information is furnished;
(ii) As of the Closing Date, other than with respect to Cooperative
Loans, each Mortgage is a valid and enforceable (subject to Section
2.03(xvi)) first lien on an unencumbered estate in fee simple or leasehold
estate in the related Mortgaged Property subject only to (a) liens for
current real property taxes and special assessments; (b) covenants,
conditions and restrictions, rights of way, easements and other matters of
public record as of the date of recording such Mortgage, such exceptions
appearing of record being acceptable to mortgage lending institutions
generally or specifically reflected in the appraisal obtained in connection
with the origination of the Mortgage Loan; (c) exceptions set forth in the
title insurance policy relating to such Mortgage, such exceptions being
acceptable to mortgage lending institutions generally; and (d) other
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matters to which like properties are commonly subject which do not
materially interfere with the benefits of the security intended to be
provided by the Mortgage;
(iii) As of the Closing Date, the Company had good title to, and
was the sole owner of, each Mortgage Loan free and clear of any encumbrance
or lien, and immediately upon the transfer and assignment herein
contemplated, the Trustee shall have good title to, and will be the sole
legal owner of, each Mortgage Loan, free and clear of any encumbrance or
lien (other than any lien under this Agreement);
(iv) As of the day prior to the Cut-Off Date, all payments due on each
Mortgage Loan had been made and no Mortgage Loan had been delinquent (i.e.,
was more than 30 days past due) more than once in the preceding 12 months
and any such delinquency lasted for no more than 30 days; provided,
however, that (A) as many as three Group I Loans are up to 60 days
delinquent as of the Cut-Off Date and two of such Mortgage Loans were
delinquent up to seven times during the 12 months preceding the Cut-Off
Date and such delinquency lasted in one case more then 60 consecutive days
and (B) as many as six Group I Loans (other than the Group I Loans
referenced in clause (A)) were delinquent between four and eight times
during the 12 months preceding the Cut-Off Date and each such delinquency
lasted no more than 60 consecutive days;
(v) As of the Closing Date, there is no late assessment for
delinquent taxes outstanding against any Mortgaged Property;
(vi) As of the Closing Date, there is no offset, defense or
counterclaim to any Mortgage Note, including the obligation of the
Mortgagor to pay the unpaid principal or interest on such Mortgage Note
except to the extent that the Buydown Agreement for a Buydown Loan forgives
certain indebtedness of a Mortgagor;
(vii) As of the Closing Date, each Mortgaged Property is free of
damage and in good repair, ordinary wear and tear excepted;
(viii) Each Mortgage Loan at the time it was made complied with all
applicable state and federal laws, including, without limitation, usury,
equal credit opportunity, disclosure and recording laws;
(ix) Each Mortgage Loan was originated by a savings association,
savings bank, credit union, insurance company, or similar institution which
is supervised and examined by a federal or state authority or by a
mortgagee approved by the FHA and will be serviced by an institution which
meets the servicer eligibility requirements established by the Company;
(x) As of the Closing Date, each Mortgage Loan (except the
Cooperative Loans) is covered by an ALTA form or CLTA form of mortgagee
title insurance policy or other form of policy of insurance which, as of
the origination date of such Mortgage Loan, was acceptable to FNMA or
FHLMC, and has been issued by, and is the valid and binding obligation of,
a title insurer which, as of the origination date of such Mortgage Loan,
was acceptable to FNMA or FHLMC and qualified to do business in the state
in which the related Mortgaged Property is located. Such policy insures the
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originator of the Mortgage Loan, its successors and assigns as to the first
priority lien of the Mortgage in the original principal amount of the
Mortgage Loan subject to the exceptions set forth in such policy. Such
policy is in full force and effect and will be in full force and effect and
inure to the benefit of the Certificateholders upon the consummation of the
transactions contemplated by this Agreement and no claims have been made
under such policy, and no prior holder of the related Mortgage, including
the Company, has done, by act or omission, anything which would impair the
coverage of such policy;
(xi) Except for (A) 35 Group I Loans representing 1.9% (by Principal
Balance) of the Group I Loans, (B) 11 Group II Loans representing 2.7% (by
Principal Balance) of the Group II Loans, (C) one Group III Loan with an
aggregate Principal Balance (as of the Cut-Off Date) of approximately
$263,340 and (D) 0.8% of the Group IV Loans (by Principal Balance), as of
the Closing Date, each Mortgage Loan which had a Loan-to-Value Ratio at the
time of the origination of the Mortgage Loan in excess of 80% was covered
by a Primary Insurance Policy or an FHA insurance policy or a VA guaranty,
and such policy or guaranty is valid and remains in full force and effect,
except for any Mortgage Loan for which the outstanding Principal Balance
thereof at any time subsequent to origination was 80% or less of the then
current value of the related Mortgaged Property (as determined by an
appraisal obtained subsequent to origination);
(xii) As of the Closing Date, all policies of insurance required
by this Agreement or by a Selling and Servicing Contract (except for the
Mortgage Loans specified in Section 2.03(xi) as not having Primary
Insurance Policies) have been validly issued and remain in full force and
effect, including such policies covering the Company, the Master Servicer
or any Servicer;
(xiii) As of the Closing Date, each insurer issuing a Primary
Insurance Policy holds a rating acceptable to the Rating Agencies;
(xiv) Each Mortgage was documented by appropriate FNMA/FHLMC
mortgage instruments in effect at the time of origination, or other
instruments approved by the Company;
(xv) As of the Closing Date, other than with respect to a Cooperative
Loan, the Mortgaged Property securing each Mortgage is improved with a one-
to four-family dwelling unit, including units in a duplex, condominium
project, townhouse, a planned unit development or a de minimis planned unit
development;
(xvi) As of the Closing Date, each Mortgage and Mortgage Note is
the legal, valid and binding obligation of the maker thereof and is
enforceable in accordance with its terms, except only as such enforcement
may be limited by laws affecting the enforcement of creditors' rights
generally and principles of equity;
(xvii) As of the date of origination, as to Mortgaged Properties
which are units in condominiums or planned unit developments, all of such
units met FNMA or FHLMC requirements, are located in a condominium or
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planned unit development projects which have received FNMA or FHLMC
approval, or are approvable by FNMA or FHLMC;
(xviii) Approximately 0.1% (by Principal Balance) of the Group V
Loans are Buydown Loans, and none of the Group I, Group II, Group III and
Group IV Loans are Buydown Loans;
(xix) Based solely on representations of the Mortgagors obtained
at the origination of the related Mortgage Loans, approximately 74.2% (by
Principal Balance) of the Group I Loans will be secured by owner occupied
Mortgaged Properties which are the primary residences of the related
Mortgagors, approximately 2.7% (by Principal Balance) of the Group I Loans
will be secured by owner occupied Mortgaged Properties which were second or
vacation homes of the Mortgagors and approximately 23.1% (by Principal
Balance) of the Group I Loans will be secured by Mortgaged Properties which
were investor properties of the related Mortgagors; approximately 74.8% (by
Principal Balance) of the Group II Loans will be secured by owner occupied
Mortgaged Properties which are the primary residences of the related
Mortgagors, approximately 4.7% (by Principal Balance) of the Group II Loans
will be secured by owner occupied Mortgaged Properties which were second or
vacation homes of the Mortgagors and approximately 20.5% (by Principal
Balance) of the Group II Loans will be secured by Mortgaged Properties
which were investor properties of the related Mortgagors; approximately
92.7% (by Principal Balance) of the Group III Loans will be secured by
owner occupied Mortgaged Properties which are the primary residences of the
related Mortgagors, approximately 3.9% (by Principal Balance) of the Group
III Loans will be secured by owner occupied Mortgaged Properties which were
second or vacation homes of the Mortgagors and approximately 3.4% (by
Principal Balance) of the Group III Loans will be secured by Mortgaged
Properties which were investor properties of the related Mortgagors;
approximately 97.9% (by Principal Balance) of the Group IV Loans will be
secured by owner occupied Mortgaged Properties which are the primary
residences of the related Mortgagors, approximately 1.7% (by Principal
Balance) of the Group IV Loans will be secured by owner occupied Mortgaged
Properties which were second or vacation homes of the Mortgagors and
approximately 0.4% (by Principal Balance) of the Group IV Loans will be
secured by Mortgaged Properties which were investor properties of the
related Mortgagors; approximately 94.9% (by Principal Balance) of the Group
V Loans will be secured by owner occupied Mortgaged Properties which are
the primary residences of the related Mortgagors, approximately 1.8% (by
Principal Balance) of the Group V Loans will be secured by owner occupied
Mortgaged Properties which were second or vacation homes of the Mortgagors
and approximately 3.3% (by Principal Balance) of the Group V Loans will be
secured by Mortgaged Properties which were investor properties of the
related Mortgagors; and as of the Cut-Off Date, none of the Group I, Group
II, Group III, Group IV Loans will be secured by interests in Cooperative
Apartments and 1 of the Group V Loans representing approximately 0.1% (by
Principal Balance) of the Group V Loans will be secured by interests in
Cooperative Apartments;
(xx) Prior to origination or refinancing, an appraisal of each
Mortgaged Property was made by an appraiser on a form satisfactory to FNMA
or FHLMC;
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(xxi) The Mortgage Loans have been underwritten substantially in
accordance with the applicable Underwriting Standards;
(xxii) All of the Mortgage Loans have due-on-sale clauses; by the
terms of the Mortgage Notes, however, the due on sale provisions may not be
exercised at the time of a transfer if prohibited by law;
(xxiii) The Company used no adverse selection procedures in
selecting the Mortgage Loans from among the outstanding fixed-rate
conventional mortgage loans purchased by it which were available for
inclusion in the Mortgage Pool and as to which the representations and
warranties in this Section 2.03 could be made;
(xxiv) With respect to a Mortgage Loan that is a Cooperative Loan,
the Cooperative Stock that is pledged as security for the Mortgage Loan is
held by a person as a tenant-stockholder (as defined in Section 216 of the
Code) in a cooperative housing corporation (as defined in Section 216 of
the Code);
(xxv) Each Cooperative Loan is secured by a valid, subsisting and
enforceable (except as such enforcement may be limited by laws affecting
the enforcement of creditors' rights generally and principles of equity)
perfected first lien and security interest in the related Cooperative Stock
securing the related Mortgage Note, subject only to (a) liens of the
Cooperative for unpaid assessments representing the Mortgagor's pro rata
share of the Cooperative's payments for its blanket mortgage, current and
future real property taxes, insurance premiums, maintenance fees and other
assessments to which like collateral is commonly subject, and (b) other
matters to which like collateral is commonly subject which do not
materially interfere with the benefits of the security intended to be
provided by the Security Agreement;
(xxvi) With respect to any Mortgage Loan as to which an affidavit
has been delivered to the Trustee certifying that the original Mortgage
Note is a Destroyed Mortgage Note, if such Mortgage Loan is subsequently in
default, the enforcement of such Mortgage Loan or of the related Mortgage
by or on behalf of the Trustee will not be materially adversely affected by
the absence of the original Mortgage Note;
(xxvii) As of the date of origination, based upon an appraisal of
the Mortgaged Property securing each Mortgage Loan, approximately 89.7% (by
Principal Balance) of the Group I Loans had a Loan-to-Value Ratio less than
or equal to 80%, approximately 10.3% (by Principal Balance) of the Group I
Loans had a Loan-to-Value Ratio greater than 80% but less than or equal to
95% and no Group I Loan had a Loan-to-Value Ratio at origination greater
than 95%; approximately 86.7% (by Principal Balance) of the Group II Loans
had a Loan-to-Value Ratio less than or equal to 80%, approximately 13.3%
(by Principal Balance) of the Group II Loans had a Loan-to-Value Ratio
greater than 80% but less
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than or equal to 95% and no Group II Loan had a Loan-to-Value Ratio at
origination greater than 95%; approximately 97.3% (by Principal Balance)
of the Group III Loans had a Loan-to-Value Ratio less than or equal to
80%, approximately 2.7% (by Principal Balance) of the Group III Loans
had a Loan-to-Value Ratio greater than 80% but less than or equal to 95%
and no Group III Loan had a Loan-to-Value Ratio at origination greater
than 95%; approximately 99.2% (by Principal Balance) of the Group IV
Loans had a Loan-to-Value Ratio less than or equal to 80%, approximately
0.8% (by Principal Balance) of the Group IV Loans had a Loan-to-Value
Ratio greater than 80% but less than or equal to 95% and no Group IV
Loan had a Loan-to-Value Ratio at origination greater than 95%;
approximately 88.9% (by Principal Balance) of the Group V Loans had a
Loan-to-Value Ratio less than or equal to 80%, approximately 11.1% (by
Principal Balance) of the Group V Loans had a Loan-to-Value Ratio
greater than 80% but less than or equal to 95% and no Group V Loan had a
Loan-to-Value Ratio at origination greater than 95%;
(xxviii) Approximately 49.5% (by Principal Balance) of the Group I
Loans, approximately 47.3% (by Principal Balance) of the Group II Loans,
approximately 67.6% (by Principal Balance) of the Group III Loans,
approximately 67.0% (by Principal Balance) of the Group IV Loans and
approximately 59.0% (by Principal Balance) of the Group V Loans were
originated for the purpose of refinancing existing mortgage debt, including
cash-out refinancings and approximately 50.5% (by Principal Balance) of the
Group I Loans, approximately 52.7% (by Principal Balance) of the Group II
Loans, approximately 32.4% (by Principal Balance) of the Group III Loans,
approximately 33.0% (by Principal Balance) of the Group IV Loans and
approximately 41.0% (by Principal Balance) of the Group V Loans were
originated for the purpose of purchasing the Mortgaged Property;
(xxix) Not less than approximately 42.4%, 34.2%, 73.3%, 100% and
84.8% (by Principal Balance) of the Group I Loans, Group II Loans, Group
III Loans, Group IV Loans and Group V Loans, respectively, were originated
under full documentation programs;
(xxx) Each Mortgage Loan constitutes a qualified mortgage under
Section 860G(a)(3)(A) of the Code and Treasury Regulations
Section 1.860G-2(a)(1).
It is understood and agreed that the representations and warranties set
forth in this Section 2.03 shall survive delivery of the respective Mortgage
Files to the Trustee or the Custodian, as the case may be, and shall continue
throughout the term of this Agreement. Upon discovery by any of the Company,
the Master Servicer, the Trustee or the Custodian of a breach of any of the
foregoing representations and warranties which materially and adversely
affects the value of the related Mortgage Loans or the interests of the
Certificateholders in the related Mortgage Loans, the Company, the Master
Servicer, the Trustee or the Custodian, as the case may be, discovering such
breach shall give prompt written notice to the others. Within 90 days of its
discovery or its receipt of notice of breach, the Company shall repurchase,
subject to the limitations set forth in the definition of "Purchase Price,"
or substitute for the affected Mortgage Loan or Mortgage Loans or any
property acquired in respect thereof from the Trustee, unless it has cured
such breach in all material respects. After the end of the three-month period
beginning on the "start-up day," any such substitution shall be made only if
the Company provides to the Trustee an Opinion of Counsel reasonably
satisfactory to the Trustee that each Substitute Mortgage Loan will be a
"qualified replacement mortgage" within the meaning of Section 860G(a)(4) of
the Code. Such
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substitution shall be made in the manner and within the time
limits set forth in Section 2.02. Any such repurchase by the Company shall be
accomplished in the manner and at the Purchase Price, if applicable, but
shall not be subject to the time limits, set forth in Section 2.02. It is
understood and agreed that the obligation of the Company to provide such
substitution or to make such repurchase of any affected Mortgage Loan or
Mortgage Loans or any property acquired in respect thereof as to which a
breach has occurred and is continuing shall constitute the sole remedy
respecting such breach available to the Certificateholders or the Trustee on
behalf of the Certificateholders.
Section 2.04. ACKNOWLEDGMENT OF TRANSFER OF TRUST FUND; AUTHENTICATION
OF THE CERTIFICATES. The Trustee acknowledges the transfer and assignment to
it of the property constituting the Trust Fund, but without having made the
review required to be made within 45 days pursuant to Section 2.02, and, as
of the Closing Date, shall cause to be authenticated and delivered to or upon
the order of the Company, in exchange for the property constituting the Trust
Fund, the Certificates in Authorized Denominations evidencing the entire
beneficial ownership interest in the Trust Fund and relating to the Mortgage
Loans.
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. THE COMPANY TO ACT AS MASTER SERVICER. The Company shall
act as Master Servicer to service and administer the Mortgage Loans on behalf
of the Trustee and for the benefit of the Certificateholders in accordance
with the terms hereof and in the same manner in which, and with the same
care, skill, prudence and diligence with which, it services and administers
similar mortgage loans for other portfolios, and shall have full power and
authority to do or cause to be done any and all things in connection with
such servicing and administration which it may deem necessary or desirable,
including, without limitation, the power and authority to bring actions and
defend Trust Fund on behalf of the Trustee in order to enforce the terms of
the Mortgage Notes. The Master Servicer may perform its master servicing
responsibilities through agents or independent contractors, but shall not
thereby be released from any of its responsibilities hereunder and the Master
Servicer shall diligently pursue all of its rights against such agents or
independent contractors.
The Master Servicer shall make reasonable efforts to collect or cause to
be collected all payments called for under the terms and provisions of the
Mortgage Loans and shall, to the extent such procedures shall be consistent
with this Agreement and the terms and provisions of any Primary Insurance
Policy, any FHA insurance policy or VA guaranty, any hazard insurance policy,
and federal flood insurance, cause to be followed such collection procedures
as are followed with respect to mortgage loans comparable to the Mortgage
Loans and held in portfolios of responsible mortgage lenders in the local
areas where each Mortgaged Property is located. The Master Servicer shall
enforce "due-on-sale" clauses with respect to the related Mortgage Loans, to
the extent permitted by law, subject to the provisions set forth in Section
3.08.
Consistent with the foregoing, the Master Servicer may in its discretion
(i) waive or cause to be waived any assumption fee or late payment charge in
connection with the prepayment of any
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Mortgage Loan and (ii) only upon determining that the coverage of any
applicable insurance policy or guaranty related to a Mortgage Loan will not
be materially adversely affected, arrange a schedule, running for no more
than 180 days after the first delinquent Due Date, for payment of any
delinquent installment on any Mortgage Note or for the liquidation of
delinquent items. The Master Servicer shall have the right, but not the
obligation, to repurchase any related delinquent Mortgage Loan 90 days after
the first delinquent Due Date for an amount equal to its Purchase Price;
provided, however, that the aggregate Purchase Price of Mortgage Loans so
repurchased shall not exceed one-half of one percent (0.50%) of the aggregate
Principal Balance, as of the Cut-Off Date, of all Mortgage Loans.
The Master Servicer is hereby authorized and empowered by the Trustee
to execute and deliver or cause to be executed and delivered on behalf of the
Certificateholders, and the Trustee or any of them, any and all instruments
of satisfaction or cancellation, or of partial or full release, discharge or
modification, assignments of Mortgages and endorsements of Mortgage Notes in
connection with refinancings (in jurisdictions where such assignments are the
customary and usual standard of practice of mortgage lenders) and all other
comparable instruments, with respect to the Mortgage Loans and with respect
to the Mortgaged Properties. The Trustee shall furnish the Master Servicer,
at the Master Servicer's direction, with any powers of attorney and other
documents necessary or appropriate to enable the Master Servicer to carry out
its supervisory, servicing and administrative duties under this Agreement.
The Master Servicer and each Servicer shall obtain (to the extent
generally commercially available from time to time) and maintain fidelity
bond and errors and omissions coverage acceptable to FNMA or FHLMC with
respect to their obligations under this Agreement and the applicable Selling
and Servicing Contract, respectively. The Master Servicer or each Servicer,
as applicable, shall establish escrow accounts for, or pay when due (by means
of an advance), any tax liens in connection with the Mortgaged Properties
that are not paid by the Mortgagors when due to the extent that any such
payment would not constitute a Nonrecoverable Advance when made.
Notwithstanding the foregoing, the Master Servicer shall not permit any
modification with respect to any Mortgage Loan that would both constitute a
sale or exchange of such Mortgage Loan within the meaning of Section 1001 of
the Code (including any proposed, temporary or final regulations promulgated
thereunder) (other than in connection with a proposed conveyance or
assumption of such Mortgage Loan that is treated as a Principal Prepayment or
in a default situation) and cause the REMIC to fail to qualify as such under
the Code. The Master Servicer shall be entitled to approve a request from a
Mortgagor for a partial release of the related Mortgaged Property, the
granting of an easement thereon in favor of another Person, any alteration or
demolition of the related Mortgaged Property or other similar matters if it
has determined, exercising its good faith business judgment in the same
manner as it would if it were the owner of the related Mortgage Loan, that
the security for, and the timely and full collectability of, such Mortgage
Loan would not be adversely affected thereby and that the Trust Fund would
not fail to continue to qualify as a REMIC under the Code as a result thereof
and that no tax on "prohibited transactions" or "contributions" after the
startup day would be imposed on the REMIC as a result thereof.
In connection with the servicing and administering of each Mortgage
Loan, the Master Servicer and any affiliate of the Master Servicer (i) may
perform services such as appraisals,
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default management and brokerage servicers that are not customarily provided
by servicers of mortgage loans, and shall be entitled to reasonable
compensation therefore and (ii) may, at its own discretion and on behalf of
the Trustee, obtain credit information in the form of a "credit score" from a
credit repository.
Section 3.02. CUSTODIAL ACCOUNTS. The Master Servicer shall cause to be
established and maintained by each Servicer under the Master Servicer's
supervision Custodial Account for P&I, Buydown Fund Accounts (if any) and
special Custodial Account for Reserves and shall deposit or cause to be
deposited therein daily the amounts related to the Mortgage Loans required by
the Selling and Servicing Contracts to be so deposited. Proceeds received with
respect to individual Mortgage Loans from any title, hazard, or FHA insurance
policy, VA guaranty, Primary Insurance Policy, or other insurance policy
covering such Mortgage Loans shall be deposited first in the Custodial Account
for Reserves if required for the restoration or repair of the related Mortgaged
Property. Proceeds from such insurance policies not so deposited in the
Custodial Account for Reserves shall be deposited in the Custodial Account for
P&I, and shall be applied to the balances of the related Mortgage Loans as
payments of interest and principal.
The Master Servicer is hereby authorized to make withdrawals from and to
draft the Custodial Accounts for P&I and the Custodial Accounts for Reserves for
the purposes required or permitted by this Agreement. Each Custodial Account for
P&I and each Custodial Account for Reserves shall bear a designation clearly
showing the respective interests of the applicable Servicer, as trustee, and of
the Master Servicer, in substantially one of the following forms:
(a) With respect to the Custodial Account for P&I: (i) [Servicer's
Name], as agent, trustee and/or bailee of principal and interest
custodial account for PNC Mortgage Securities Corp., its successors and
assigns, for various owners of interests in PNC Mortgage Securities
Corp. mortgage-backed pools or (ii) [Servicer's Name] in trust for PNC
Mortgage Securities Corp.;
(b) With respect to the Custodial Account for Reserves: (i)
[Servicer's Name], as agent, trustee and/or bailee of taxes and insurance
custodial account for PNC Mortgage Securities Corp., its successors and
assigns for various mortgagors and/or various owners of interests in PNC
Mortgage Securities Corp. mortgage-backed pools or (ii) [Servicer's Name]
in trust for PNC Mortgage Securities Corp. and various Mortgagors.
The Master Servicer hereby undertakes to assure remittance to the
Certificate Account of all amounts relating to the Mortgage Loans that have
been collected by any Servicer and are due to the Certificate Account
pursuant to Section 4.01 of this Agreement.
Section 3.03. THE INVESTMENT ACCOUNT; ELIGIBLE INVESTMENTS.(a)
Not later than the Withdrawal Date, the Master Servicer shall withdraw or
direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit
in the Certificate Account or Investment Account, at the Master Servicer's
option, in an amount representing:
(i) Scheduled installments of principal and interest on the Mortgage
Loans received or advanced by the applicable Servicers which were due on
the Due Date prior to
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such Withdrawal Date, net of Servicing Fees due the applicable Servicers
and less any amounts to be withdrawn later by the applicable Servicers
from the applicable Buydown Fund Accounts;
(ii) Payoffs and the proceeds of other types of liquidations of the
Mortgage Loans received by the applicable Servicer for such Mortgage Loans
during the applicable Payoff Period, with interest to the date of Payoff or
liquidation less any amounts to be withdrawn later by the applicable
Servicers from the applicable Buydown Fund Accounts; and
(iii) Curtailments received by the applicable Servicers in the
Prior Period.
At its option, the Master Servicer may invest funds withdrawn from the
Custodial Accounts for P&I, as well as any Buydown Funds, Insurance Proceeds
and Liquidation Proceeds previously received by the Master Servicer
(including amounts paid by the Company in respect of any Purchase Obligation
or its substitution obligations set forth in Section 2.02 or Section 2.03 or
in connection with the exercise of the option to terminate this Agreement
pursuant to Section 9.01) for its own account and at its own risk, during any
period prior to their deposit in the Certificate Account. Such funds, as well
as any funds which were withdrawn from the Custodial Accounts for P&I on or
before the Withdrawal Date, but not yet deposited into the Certificate
Account, shall immediately be deposited by the Master Servicer with the
Investment Depository in an Investment Account in the name of the Master
Servicer and the Trustee for investment only as set forth in this Section
3.03. The Master Servicer shall bear any and all losses incurred on any
investments made with such funds and shall be entitled to retain all gains
realized on such investments as additional servicing compensation. Not later
than the Business Day prior to the Distribution Date, the Master Servicer
shall deposit such funds, net of any gains (except Payoff Earnings) earned
thereon, in the Certificate Account.
(b) Funds held in the Investment Account shall be invested in (i) one or
more Eligible Investments which shall in no event mature later than the
Business Day prior to the related Distribution Date (except if such Eligible
Investments are obligations of the Trustee, such Eligible Investments may
mature on the Distribution Date), or (ii) such other instruments as shall be
required to maintain the Ratings.
Section 3.04. THE CERTIFICATE ACCOUNT.
(a) Not later than the Business Day prior to the related Distribution
Date, the Master Servicer shall direct the Investment Depository to deposit
the amounts previously deposited into the Investment Account (which may
include a deposit of Eligible Investments) to which the Certificateholders
are entitled into the Certificate Account. In addition, not later than the
Business Day prior to the Distribution Date, the Master Servicer shall
deposit into the Certificate Account any Monthly P&I Advances or other
payments required to be made by the Master Servicer pursuant to Section 4.03
of this Agreement and any Insurance Proceeds or Liquidation Proceeds
(including amounts paid by the Company in respect of any Purchase Obligation
or in connection with the exercise of its option to terminate this Agreement
pursuant to Section 9.01) not previously deposited in the Custodial Accounts
for P&I or the Investment Account.
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(b) Funds held in the Certificate Account shall be invested at the
direction of the Master Servicer in (i) one or more Eligible Investments
which shall in no event mature later than the Business Day prior to the
related Distribution Date (except if such Eligible Investments are
obligations of the Trustee, such Eligible Investments may mature on the
Distribution Date), or (ii) such other instruments as shall be required to
maintain the Ratings. The Master Servicer shall be entitled to receive any
gains earned on such Eligible Investments and shall bear any losses suffered
in connection therewith.
Section 3.05. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT, THE
INVESTMENT ACCOUNT AND CUSTODIAL ACCOUNTS FOR P&I AND OF BUYDOWN FUNDS FROM
THE BUYDOWN FUND ACCOUNTS.
(a) The Master Servicer is authorized to make withdrawals, from time to
time, from the Investment Account, the Certificate Account or the Custodial
Accounts for P&I established by the Servicers of amounts deposited therein in
respect of the Certificates, as follows:
(i) To reimburse itself or the applicable Servicer for Monthly P&I
Advances made pursuant to Section 4.03 or a Selling and Servicing Contract,
such right to reimbursement pursuant to this paragraph (i) being limited to
amounts received on particular Mortgage Loans (including, for this purpose,
Insurance Proceeds and Liquidation Proceeds) which represent late
recoveries of principal and/or interest respecting which any such Monthly
P&I Advance was made;
(ii) To reimburse itself or the applicable Servicer for amounts
expended by or for the account of the Master Servicer pursuant to Section
3.09 or amounts expended by such Servicer pursuant to the Selling and
Servicing Contracts in connection with the restoration of property damaged
by an Uninsured Cause or in connection with the liquidation of a Mortgage
Loan;
(iii) To pay to itself, with respect to the related Mortgage
Loans, the Master Servicing Fee (net of Compensating Interest reduced by
Payoff Earnings and Payoff Interest) as to which no prior withdrawals from
funds deposited by the Master Servicer have been made;
(iv) To reimburse itself or the applicable Servicer for advances made
with respect to related Mortgage Loans which the Master Servicer has
determined to be Nonrecoverable Advances;
(v) To pay to itself reinvestment earnings deposited or earned in the
Investment Account and the Certificate Account to which it is entitled and
to reimburse itself for expenses incurred by and reimbursable to it
pursuant to Section 6.03;
(vi) To deposit to the Investment Account amounts in the Certificate
Account not required to be on deposit therein at the time of such
withdrawal;
(vi) To deposit in the Certificate Account, not later than the
Business Day prior to the related Distribution Date, the amounts specified
in Section 3.04(a); and
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after making or providing for the above withdrawals
(vii) To clear and terminate the Investment Account and the
Certificate Account following termination of this Agreement pursuant to
Section 9.01.
Since, in connection with withdrawals pursuant to paragraphs (i) and
(ii), the Master Servicer's entitlement thereto is limited to collections or
other recoveries on the related Mortgage Loan, the Master Servicer or the
applicable Servicer shall keep and maintain separate accounting for each
Mortgage Loan, for the purpose of justifying any such withdrawals.
(b) The Master Servicer (or the applicable Servicer, if such Servicer
holds and maintains a Buydown Fund Account) is authorized to make
withdrawals, from time to time, from the Buydown Fund Account or Custodial
Account for P&I established by any Servicer of the following amounts of
Buydown Funds:
(i) To deposit each month in the Investment Account the amount
necessary to supplement payments received on Buydown Loans;
(ii) In the event of a Payoff of any Mortgage Loan having a related
Buydown Fund, to apply amounts remaining in Buydown Fund Accounts to reduce
the required amount of such principal Payoff (or, if the Mortgagor has made
a Payoff, to refund such remaining Buydown Fund amounts to the Person
entitled thereto);
(iii) In the event of foreclosure or liquidation of any Mortgage
Loan having a Buydown Fund, to deposit remaining Buydown Fund amounts in
the Investment Account as Liquidation Proceeds; and
(iv) To clear and terminate the portion of any account representing
Buydown Funds following termination of this Agreement pursuant to Section
9.01;
(c) The Trustee is authorized to make withdrawals from time to time from
the Certificate Account to reimburse itself for advances it has made pursuant to
Section 7.01(a) hereof that it has determined to be Nonrecoverable Advances.
Section 3.06. MAINTENANCE OF PRIMARY INSURANCE POLICIES; COLLECTIONS
THEREUNDER. The Master Servicer shall use its best reasonable efforts to
keep, and to cause the Servicers to keep, in full force and effect each
Primary Insurance Policy required with respect to a Mortgage Loan, in the
manner set forth in the applicable Selling and Servicing Contract, until no
longer required. Notwithstanding the foregoing, the Master Servicer shall
have no obligation to maintain such Primary Insurance Policy for a Mortgage
Loan for which the outstanding Principal Balance thereof at any time
subsequent to origination was 80% or less of the value of the related
Mortgaged Property (as determined by the appraisal obtained at the time of
origination), unless required by applicable law.
Unless required by applicable law, the Master Servicer shall not cancel
or refuse to renew, or allow any Servicer to cancel or refuse to renew, any
such Primary Insurance Policy in effect at the date of the initial issuance
of the Certificates that is required to be kept in force hereunder;
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provided, however, that neither the Master Servicer nor any Servicer shall
advance funds for the payment of any premium due under any Primary Insurance
Policy if it shall determine that such an advance would be a Nonrecoverable
Advance.
Section 3.07. MAINTENANCE OF HAZARD INSURANCE. The Master Servicer
shall cause to be maintained for each Mortgage Loan (other than a Cooperative
Loan) fire insurance with extended coverage in an amount which is not less
than the original principal balance of such Mortgage Loan, except in cases
approved by the Master Servicer in which such amount exceeds the value of the
improvements to the Mortgaged Property. The Master Servicer shall also
require fire insurance with extended coverage in a comparable amount on
property acquired upon foreclosure, or deed in lieu of foreclosure, of any
Mortgage Loan (other than a Cooperative Loan). Any amounts collected under
any such policies (other than amounts to be applied to the restoration or
repair of the related Mortgaged Property) shall be deposited into the
Custodial Account for P&I, subject to withdrawal pursuant to the applicable
Selling and Servicing Contract and pursuant to Section 3.03 and Section 3.05.
Any unreimbursed costs incurred in maintaining any insurance described in
this Section 3.07 shall be recoverable as an advance by the Master Servicer
from the Investment Account or the Certificate Account. Such insurance shall
be with insurers approved by the Master Servicer and FNMA or FHLMC. Other
additional insurance may be required of a Mortgagor, in addition to that
required pursuant to such applicable laws and regulations as shall at any
time be in force and as shall require such additional insurance. Where any
part of any improvement to the Mortgaged Property (other than a Mortgaged
Property secured by a Cooperative Loan) is located in a federally designated
special flood hazard area and in a community which participates in the
National Flood Insurance Program at the time of origination of the related
Mortgage Loan, the Master Servicer shall cause flood insurance to be
provided. The hazard insurance coverage required by this Section 3.07 may be
met with blanket policies providing protection equivalent to individual
policies otherwise required. The Master Servicer or the applicable Servicer
shall be responsible for paying any deductible amount on any such blanket
policy. The Master Servicer agrees to present, or cause to be presented, on
behalf of and for the benefit of the Trustee and Certificateholders, claims
under the hazard insurance policy respecting any Mortgage Loan, and in this
regard to take such reasonable actions as shall be necessary to permit
recovery under such policy.
Section 3.08. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION
AGREEMENTS. When any Mortgaged Property is about to be conveyed by the
Mortgagor, the Master Servicer shall, to the extent it has knowledge of such
prospective conveyance and prior to the time of the consummation of such
conveyance, exercise on behalf of the Trustee the Trustee's rights to
accelerate the maturity of such Mortgage Loan, to the extent that such
acceleration is permitted by the terms of the related Mortgage Note, under
any "due-on-sale" clause applicable thereto; provided, however, that the
Master Servicer shall not exercise any such right if the due-on-sale clause,
in the reasonable belief of the Master Servicer, is not enforceable under
applicable law or if such exercise would result in non-coverage of any
resulting loss that would otherwise be covered under any insurance policy. In
the event the Master Servicer is prohibited from exercising such right, the
Master Servicer is authorized to take or enter into an assumption and
modification agreement from or with the Person to whom a Mortgaged Property
has been or is about to be conveyed, pursuant to which such Person becomes
liable under the Mortgage Note and, unless prohibited by applicable state law
or unless the Mortgage Note contains a provision allowing a
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qualified borrower to assume the Mortgage Note, the Mortgagor remains liable
thereon; provided that the Mortgage Loan shall continue to be covered (if so
covered before the Master Servicer enters such agreement) by any related
Primary Insurance Policy. The Master Servicer is also authorized to enter
into a substitution of liability agreement with such Person, pursuant to
which the original Mortgagor is released from liability and such Person is
substituted as Mortgagor and becomes liable under the Mortgage Note. The
Master Servicer shall not enter into any substitution or assumption with
respect to a Mortgage Loan if such substitution or assumption shall (i) both
constitute a "significant modification" effecting an exchange or reissuance
of such Mortgage Loan under the Code (or Treasury regulations promulgated
thereunder) and cause the REMIC to fail to qualify as a REMIC under the REMIC
Provisions or (ii) cause the imposition of any tax on "prohibited
transactions" or "contributions" after the Startup Day under the REMIC
Provisions. The Master Servicer shall notify the Trustee that any such
substitution or assumption agreement has been completed by forwarding to the
Trustee the original copy of such substitution or assumption agreement and
other documents and instruments constituting a part thereof. In connection
with any such assumption or substitution agreement, the terms of the related
Mortgage Note shall not be changed. Any fee collected by the applicable
Servicer for entering into an assumption or substitution of liability
agreement shall be retained by such Servicer as additional servicing
compensation.
Notwithstanding the foregoing paragraph or any other provision of this
Agreement, the Master Servicer shall not be deemed to be in default, breach
or any other violation of its obligations hereunder by reason of any
assumption of a Mortgage Loan by operation of law or any assumption which the
Master Servicer may be restricted by law from preventing, for any reason
whatsoever.
Section 3.09. REALIZATION UPON DEFAULTED MORTGAGE LOANS. The Master
Servicer shall foreclose upon or otherwise comparably convert, or cause to be
foreclosed upon or comparably converted, the ownership of any Mortgaged
Property securing a Mortgage Loan which comes into and continues in default
and as to which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.01. In lieu of such foreclosure or
other conversion, and taking into consideration the desirability of
maximizing net Liquidation Proceeds after taking into account the effect of
Insurance Proceeds upon Liquidation Proceeds, the Master Servicer may, to the
extent consistent with prudent mortgage loan servicing practices, accept a
payment of less than the outstanding Principal Balance of a delinquent
Mortgage Loan in full satisfaction of the indebtedness evidenced by the
related Mortgage Note and release the lien of the related Mortgage upon
receipt of such payment. The Master Servicer shall not foreclose upon or
otherwise comparably convert a Mortgaged Property if there is evidence of
toxic waste, other hazardous substances or other evidence of environmental
contamination thereon and the Master Servicer determines that it would be
imprudent to do so. In connection with such foreclosure or other conversion,
the Master Servicer shall cause to be followed such practices and procedures
as it shall deem necessary or advisable and as shall be normal and usual in
general mortgage servicing activities. The foregoing is subject to the
provision that, in the case of damage to a Mortgaged Property from an
Uninsured Cause, the Master Servicer shall not be required to advance its own
funds towards the restoration of the property unless it shall be determined
in the sole judgment of the Master Servicer, (i) that such restoration will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders after reimbursement to itself for such expenses, and (ii)
that
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such expenses will be recoverable to it through Liquidation Proceeds. The
Master Servicer shall be responsible for all other costs and expenses
incurred by it in any such proceedings; provided, however, that it shall be
entitled to reimbursement thereof (as well as its normal servicing
compensation) as an advance. The Master Servicer shall maintain information
required for tax reporting purposes regarding any Mortgaged Property which is
abandoned or which has been foreclosed or otherwise comparably converted. The
Master Servicer shall report such information to the Internal Revenue Service
and the Mortgagor in the manner required by applicable law.
The Trust Fund shall not acquire any real property (or personal property
incident to such real property) except in connection with a default or
imminent default of a Mortgage Loan. In the event that the Trust Fund
acquires any real property (or personal property incident to such real
property) in connection with a default or imminent default of a Mortgage
Loan, such property shall be disposed of by the Master Servicer within two
years after its acquisition by the Master Servicer for the Trust Fund, unless
the Master Servicer provides to the Trustee an Opinion of Counsel to the
effect that the holding by the Trust Fund of such Mortgaged Property
subsequent to two years after its acquisition will not result in the
imposition of taxes on "prohibited transactions" of the Trust Fund as defined
in Section 860F of the Code (or under the law of any state in which real
property securing a Mortgage Loan owned by the Trust Fund is located) or
cause the Trust Fund to fail to qualify as a REMIC for federal income tax
purposes (or for state tax purposes under the law of any state in which real
property securing a Mortgage Loan owned by the Trust Fund is located) at any
time that any Certificates are outstanding. The Master Servicer shall manage,
conserve, protect and operate each such property for the Certificateholders
solely for the purpose of its prompt disposition and sale in a manner which
does not cause such property to fail to qualify as "foreclosure property"
within the meaning of Section 860G(a)(8) or result in the receipt by the
REMIC of any "income from non-permitted assets" within the meaning of Section
860F(a)(2)(B) of the Code or any "net income from foreclosure property" which
is subject to taxation under the REMIC Provisions. Pursuant to its efforts to
sell such property, the Master Servicer shall either itself or through an
agent selected by the Master Servicer protect and conserve such property in
the same manner and to such extent as is customary in the locality where such
property is located and may, incident to its conservation and protection of
the interests of the Certificateholders, rent the same, or any part thereof,
as the Master Servicer deems to be in the best interest of the Master
Servicer and the Certificateholders for the period prior to the sale of such
property. Additionally, the Master Servicer shall perform the tax withholding
and shall file information returns with respect to the receipt of mortgage
interests received in a trade or business, the reports of foreclosures and
abandonments of any Mortgaged Property and the information returns relating
to cancellation of indebtedness income with respect to any Mortgaged Property
required by Sections 6050H, 6050J and 6050P, respectively, of the Code, and
deliver to the Trustee an Officers' Certificate on or before March 31 of each
year stating that such reports have been filed. Such reports shall be in
form and substance sufficient to meet the reporting requirements imposed by
Sections 6050H, 6050J and 6050P of the Code.
Notwithstanding any other provision of this Agreement, the Master Servicer
shall comply with all federal withholding requirements with respect to payments
to Certificateholders of interest or original issue discount that the Master
Servicer reasonably believes are applicable under the Code. The consent of
Certificateholders shall not be required for any such withholding. Without
limiting the foregoing, the Master Servicer agrees that it will not withhold
with respect to
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payments of interest or original issue discount in the case of a
Certificateholder that has furnished or caused to be furnished an effective
Form W-8 or an acceptable substitute form or a successor form and who is not
a "10 percent shareholder" within the meaning of Code Section 871(h)(3)(B) or
a "controlled foreign corporation" described in Code Section 881(c)(3)(C)
with respect to the Trust Fund or the Depositor. In the event the Trustee
withholds any amount from interest or original issue discount payments or
advances thereof to any Certificateholder pursuant to federal withholding
requirements, the Trustee shall indicate the amount withheld to such
Certificateholder.
Section 3.10. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES. Upon the
Payoff or scheduled maturity of any Mortgage Loan, the Master Servicer shall
cause such final payment to be immediately deposited in the related Custodial
Account for P&I or the Investment Account. Upon notice thereof, the Master
Servicer shall promptly notify the Trustee by a certification (which
certification shall include a statement to the effect that all amounts
received in connection with such payment which are required to be deposited
in either such account have been so deposited) of a Servicing Officer and
shall request delivery to it of the Mortgage File. Upon receipt of such
certification and request, the Trustee shall, not later than the fifth
succeeding Business Day, release the related Mortgage File to the Master
Servicer or the applicable Servicer indicated in such request. With any such
Payoff or other final payment, the Master Servicer is authorized to prepare
for and procure from the trustee or mortgagee under the Mortgage which
secured the Mortgage Note a deed of full reconveyance or other form of
satisfaction or assignment of Mortgage and endorsement of Mortgage Note in
connection with a refinancing covering the Mortgaged Property, which
satisfaction, endorsed Mortgage Note or assigning document shall be delivered
by the Master Servicer to the person or persons entitled thereto. No expenses
incurred in connection with such satisfaction or assignment shall be payable
to the Master Servicer by the Trustee or from the Certificate Account, the
related Investment Account or the related Custodial Account for P&I. From
time to time as appropriate for the servicing or foreclosure of any Mortgage
Loan, including, for this purpose, collection under any Primary Insurance
Policy, the Trustee shall, upon request of the Master Servicer and delivery
to it of a trust receipt signed by a Servicing Officer, release not later
than the fifth Business Day following the date of receipt of such request the
related Mortgage File to the Master Servicer or the related Servicer as
indicated by the Master Servicer and shall execute such documents as shall be
necessary to the prosecution of any such proceedings. Such trust receipt
shall obligate the Master Servicer to return the Mortgage File to the Trustee
when the need therefor by the Master Servicer no longer exists, unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that herein above specified,
the trust receipt shall be released by the Trustee to the Master Servicer.
Section 3.11. COMPENSATION TO THE MASTER SERVICER AND THE SERVICERS. As
compensation for its activities hereunder, the Master Servicer shall be
entitled to receive from the Investment Account or the Certificate Account
the amounts provided for by Section 3.05(a)(iii). The Master Servicer shall
be required to pay all expenses incurred by it in connection with its
activities hereunder and shall not be entitled to reimbursement therefor,
except as specifically provided herein.
As compensation for its activities under the applicable Selling and
Servicing Contract, the
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applicable Servicer shall be entitled to withhold or withdraw from the
related Custodial Account for P&I the amounts provided for in such Selling
and Servicing Contract. Each Servicer is required to pay all expenses
incurred by it in connection with its servicing activities under its Selling
and Servicing Contract (including payment of premiums for Primary Insurance
Policies, if required) and shall not be entitled to reimbursement therefor
except as specifically provided in such Selling and Servicing Contract and
not inconsistent with this Agreement.
Section 3.12. REPORTS TO THE TRUSTEE; CERTIFICATE ACCOUNT STATEMENT.
Not later than 15 days after each Distribution Date, the Master Servicer
shall forward a statement, certified by a Servicing Officer, to the Trustee
setting forth the status of the Certificate Account as of the close of
business on such Distribution Date and showing, for the period covered by
such statement, the aggregate of deposits into and withdrawals from the
Certificate Account for each category of deposit specified in Section 3.04
and each category of withdrawal specified in Section 3.05, and stating that
all distributions required by this Agreement have been made (or if any
required distribution has not been made, specifying the nature and amount
thereof). The Trustee shall provide such statements to any Certificateholder
upon request at the expense of the Master Servicer. Such statement shall
also, to the extent available, include information regarding delinquencies on
the Mortgage Loans, indicating the number and aggregate Principal Balance of
Mortgage Loans which are one, two, three or more months delinquent, the
number and aggregate Principal Balance of Mortgage Loans with respect to
which foreclosure proceedings have been initiated and the book value of any
Mortgaged Property acquired by the Trust Fund through foreclosure, deed in
lieu of foreclosure or other exercise of the Trust Fund's security interest
in the Mortgaged Property.
Section 3.13. ANNUAL STATEMENT AS TO COMPLIANCE. The Master Servicer
shall deliver to the Trustee, on or before April 30 of each year, beginning
with the first April 30 succeeding the Cut-Off Date by at least six months,
an Officer's Certificate stating as to the signer thereof, that (i) a review
of the activities of the Master Servicer during the preceding calendar year
and performance under this Agreement has been made under such officer's
supervision, and (ii) to the best of such officer's knowledge, based on such
review, the Master Servicer has fulfilled all its obligations under this
Agreement throughout such year, or, if there has been a default in the
fulfillment of any such obligation, specifying each such default known to
such officer and the nature and status thereof. Copies of such statement
shall be provided by the Master Servicer to Certificateholders upon request
or by the Trustee (solely to the extent that such copies are available to the
Trustee) at the expense of the Master Servicer, should the Master Servicer
fail to so provide such copies.
Section 3.14. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING
THE MORTGAGE LOANS. In the event that the Certificates are legal for
investment by federally-insured savings associations, the Master Servicer
shall provide to the OTS, the FDIC and the supervisory agents and examiners
of the OTS and the FDIC access to the documentation regarding the related
Mortgage Loans required by applicable regulations of the OTS or the FDIC, as
applicable, and shall in any event provide such access to the documentation
regarding such Mortgage Loans to the Trustee and its representatives, such
access being afforded without charge, but only upon reasonable request and
during normal business hours at the offices of the Master Servicer designated
by it.
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Section 3.15. ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS' SERVICING REPORT.
On or before April 30 of each year, beginning with the first April 30
succeeding the Cut-Off Date by at least six months, the Master Servicer, at
its expense, shall cause a firm of independent public accountants to furnish
a statement to the Trustee to the effect that, in connection with the firm's
examination of the Master Servicer's financial statements as of the previous
December 31, nothing came to their attention that indicated that the Master
Servicer was not in compliance with Section 3.02, Section 3.03, Section 3.04,
Section 3.05, Section 3.11, Section 3.12 and Section 3.13 of this Agreement,
except for (i) such exceptions as such firm believes to be immaterial, and
(ii) such other exceptions as are set forth in such statement.
Section 3.16. [RESERVED]
Section 3.17. [RESERVED.]
Section 3.18. [RESERVED.]
Section 3.19. [RESERVED.]
Section 3.20. ASSUMPTION OR TERMINATION OF SELLING AND SERVICING
CONTRACTS BY TRUSTEE. In the event the Master Servicer, or any successor
Master Servicer, shall for any reason no longer be the Master Servicer
(including by reason of an Event of Default), the Trustee as trustee
hereunder or its designee shall thereupon assume all of the rights and
obligations of the Master Servicer under the Selling and Servicing Contracts
with respect to the related Mortgage Loans unless the Trustee elects to
terminate the Selling and Servicing Contracts with respect to such Mortgage
Loans in accordance with the terms thereof. The Trustee, its designee or the
successor servicer for the Trustee shall be deemed to have assumed all of the
Master Servicer's interest therein with respect to the related Mortgage Loans
and to have replaced the Master Servicer as a party to the Selling and
Servicing Contracts to the same extent as if the rights and duties under the
Selling and Servicing Contracts relating to such Mortgage Loans had been
assigned to the assuming party, except that the Master Servicer shall not
thereby be relieved of any liability or obligations under the Selling and
Servicing Contracts with respect to the Master Servicer's duties to be
performed prior to its termination hereunder.
The Master Servicer at its expense shall, upon request of the
Trustee, deliver to the assuming party all documents and records relating to
the Selling and Servicing Contracts and the Mortgage Loans then being master
serviced by the Master Servicer and an accounting of amounts collected and
held by the Master Servicer and otherwise use its best efforts to effect the
orderly and efficient transfer of the rights and duties under the related
Selling and Servicing Contracts relating to such Mortgage Loans to the
assuming party.
ARTICLE IV
PAYMENTS TO CERTIFICATEHOLDERS; PAYMENT OF EXPENSES
Section 4.01. DISTRIBUTIONS TO CERTIFICATEHOLDERS.
(a) On each Distribution Date, the Trustee (or any duly appointed paying
agent) shall (i)
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withdraw from the Certificate Account, the Available Distribution Amount for
such Distribution Date and shall distribute, from the amount so withdrawn, to
the extent of the Available Distribution Amount, the Certificate Distribution
Amount to the Certificateholders and (ii) distribute Excess Liquidation
Proceeds to the Class R Certificateholders, all in accordance with written
statements received from the Master Servicer pursuant to Section 4.03(b), by
wire transfer in immediately available funds for the account of, or by check
mailed to, each such Certificateholder of record on the immediately preceding
Record Date (other than as provided in Section 9.01 respecting the final
distribution), as specified by each such Certificateholder and at the address
of such Holder appearing in the Certificate Register.
(b) All reductions in the Certificate Principal Balance of a Certificate
effected by distributions of principal and all allocations of Realized Losses
made on any Distribution Date shall be binding upon all Holders of such
Certificates and of any Certificates issued upon the registration of transfer
or exchange therefor or in lieu thereof, whether or not such distribution is
noted on such Certificate. The final distribution of principal of each
Certificate (and the final distribution with respect to the Class R
Certificates upon the termination of the Trust Fund) shall be payable in the
manner provided above only upon presentation and surrender thereof on or
after the Distribution Date therefor at the office or agency of the
Certificate Registrar specified in the notice delivered pursuant to Section
4.01(c) or Section 9.01(b).
(c) Whenever, on the basis of Curtailments, Payoffs and Monthly Payments
on the Mortgage Loans and Insurance Proceeds or Liquidation Proceeds received
and expected to be received during the Payoff Period, the Master Servicer has
notified the Trustee that it believes that the entire remaining unpaid Class
Principal Balance of any Class of Certificates will become distributable on
the next Distribution Date, the Trustee shall, no later than the 18th day of
the month of such Distribution Date, mail or cause to be mailed to each
Person in whose name a Certificate to be so retired is registered at the
close of business on the Record Date and to the Rating Agencies a notice to
the effect that:
(i) it is expected that funds sufficient to make such final
distribution will be available in the Certificate Account on such
Distribution Date, and
(ii) if such funds are available, (A) such final distribution will be
payable on such Distribution Date, but only upon presentation and surrender
of such Certificate at the office or agency of the Certificate Registrar
maintained for such purpose (the address of which shall be set forth in
such notice), and (B) no interest shall accrue on such Certificate after
such Distribution Date.
Section 4.02. STATEMENTS TO CERTIFICATEHOLDERS. With each distribution
from the Certificate Account on a Distribution Date, the Master Servicer shall
prepare and forward to the Trustee (and to the Company if the Company is no
longer acting as Master Servicer), and the Trustee shall forward to each
Certificateholder, a statement setting forth, to the extent applicable: the
amount of the distribution payable to the applicable Class that represents
principal and the amount that represents interest, and the applicable Class
Principal Balance after giving effect to such distribution.
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Upon request by any Certificateholder or the Trustee, the Master
Servicer shall forward to such Certificateholder, the Trustee and the Company
(if the Company is no longer acting as Master Servicer) an additional report
which sets forth with respect to the Mortgage Loans:
(a) The number and aggregate Principal Balance of the Mortgage Loans
delinquent one, two and three months or more;
(b) The (i) number and aggregate Principal Balance of Mortgage Loans
with respect to which foreclosure proceedings have been initiated, and (ii)
the number and aggregate book value of Mortgaged Properties acquired
through foreclosure, deed in lieu of foreclosure or other exercise of
rights respecting the Trustee's security interest in the Mortgage Loans;
(c) The amount of the Special Hazard Coverage for each of (i) the
Group I Loans and the Group II Loans, (ii) the Group III Loans, (iii) the
Group IV Loans and (iv) the Group V Loans available to the Senior
Certificates remaining as of the close of business on the applicable
Determination Date;
(d) The amount of the Bankruptcy Coverage for each of (i) the Group I
Loans and the Group II Loans, (ii) the Group III Loans, (iii) the Group IV
Loans and (iv) the Group V Loans available to the Senior Certificates
remaining as of the close of business on the applicable Determination Date;
(e) The amount of the Fraud Coverage for each of (i) the Group I
Loans and the Group II Loans, (ii) the Group III Loans, (iii) the Group IV
Loans and (iv) the Group V Loans available to the Senior Certificates
remaining as of the close of business on the applicable Determination Date;
(f) The amount of Realized Losses incurred in respect of each Loan
Group allocable to the Certificates on the related Distribution Date and
the cumulative amount of Realized Losses incurred in respect of each Loan
Group allocated to such Certificates since the Cut-Off Date.
Upon request by any Certificateholder, the Master Servicer, as soon as
reasonably practicable, shall provide the requesting Certificateholder with such
information as is necessary and appropriate, in the Master Servicer's sole
discretion, for purposes of satisfying applicable reporting requirements under
Rule 144A of the Securities Act.
Section 4.03. ADVANCES BY THE MASTER SERVICER; DISTRIBUTION REPORTS TO THE
TRUSTEE.
(a) To the extent described below, the Master Servicer is obligated to
advance its own funds to the Certificate Account to cover any shortfall
between (i) payments scheduled to be received in respect of Mortgage Loans,
and (ii) the amounts actually deposited in the Certificate Account on account
of such payments; provided that, with respect to any Balloon Loan that is
delinquent on its maturity date, the Master Servicer will not be required to
advance the related balloon payment but will be required to continue to make
advances in accordance with this Section 4.03 with respect to such Balloon
Loan in an amount equal to one month's interest on the
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unpaid principal balance at the applicable Pass-Through Rate for each
Distribution Date. The Master Servicer's obligation to make any advance or
advances described in this Section 4.03 is effective only to the extent that
such advance is, in the good faith judgment of the Master Servicer made on or
before the Business Day immediately following the Withdrawal Date,
reimbursable from Insurance Proceeds or Liquidation Proceeds of the related
Mortgage Loans or recoverable as late Monthly Payments with respect to the
related Mortgage Loans or otherwise.
Prior to the close of business on the Business Day immediately following
each Withdrawal Date, the Master Servicer shall determine whether or not it
will make a Monthly P&I Advance on the Business Day prior to the next
succeeding Distribution Date (in the event that the applicable Servicer fails
to make such advances) and shall furnish a statement to the Trustee, the
Paying Agent, if any, and to any Certificateholder requesting the same,
setting forth the aggregate amount to be distributed on the next succeeding
Distribution Date on account of principal and interest in respect of the
Mortgage Loans, stated separately. In the event that full scheduled amounts
of principal and interest in respect of the Mortgage Loans shall not have
been received by or on behalf of the Master Servicer prior to such
Determination Date and the Master Servicer shall have determined that a
Monthly P&I Advance shall be made in accordance with this Section 4.03, the
Master Servicer shall so specify and shall specify the aggregate amount of
such advance.
In the event that the Master Servicer shall be required to make a
Monthly P&I Advance, it shall on the Business Day prior to the related
Distribution Date either (i) deposit in the Certificate Account an amount
equal to such Monthly P&I Advance, (ii) make an appropriate entry in the
records of the Certificate Account that funds in such account being held for
future distribution or withdrawal have been, as permitted by this Section
4.03, used by the Master Servicer to make such Monthly P&I Advance, or (iii)
make advances in the form of any combination of (i) and (ii) aggregating the
amount of such Monthly P&I Advance. Any funds being held for future
distribution to Certificateholders and so used shall be replaced by the
Master Servicer by deposit in the Certificate Account on the Business Day
immediately preceding any future Distribution Date to the extent that funds
in the Certificate Account on such Distribution Date with respect to the
Mortgage Loans shall be less than payments to Certificateholders required to
be made on such date with respect to the Mortgage Loans. Under each Selling
and Servicing Contract, the Master Servicer is entitled to receive from the
Custodial Accounts for P&I established by the Servicers amounts received by
the applicable Servicers on particular Mortgage Loans as late payments of
principal and interest or as Liquidation or Insurance Proceeds and respecting
which the Master Servicer has made an unreimbursed advance of principal and
interest. The Master Servicer is also entitled to receive other amounts from
the related Custodial Accounts for P&I established by the Servicers to
reimburse itself for prior Nonrecoverable Advances respecting Mortgage Loans
serviced by such Servicers. The Master Servicer shall deposit these amounts
in the Investment Account prior to withdrawal pursuant to Section 3.05.
In accordance with Section 3.05, Monthly P&I Advances are reimbursable
to the Master Servicer from cash in the Investment Account or the Certificate
Account to the extent that the Master Servicer shall determine that any such
advances previously made are Nonrecoverable Advances pursuant to Section 4.04.
(b) Prior to Noon New York City time on the Business Day prior to each
Distribution
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Date, the Master Servicer shall provide the Trustee with a statement
regarding the amount of principal and interest, the Residual Distribution
Amount and the Excess Liquidation Proceeds to be distributed to each Class of
Certificates on such Distribution Date (such amounts to be determined in
accordance with the definitions of "Certificate Distribution Amount" and
Section 4.01 hereof and other related definitions set forth in Article I
hereof).
Section 4.04. NONRECOVERABLE ADVANCES. Any advance previously made by a
Servicer pursuant to its Selling and Servicing Contract with respect to a
Mortgage Loan or by the Master Servicer that the Master Servicer shall
determine in its good faith judgment not to be ultimately recoverable from
Insurance Proceeds or Liquidation Proceeds or otherwise with respect to such
Mortgage Loan or recoverable as late Monthly Payments with respect to such
Mortgage Loan shall be a Nonrecoverable Advance. The determination by the
Master Servicer that it or the applicable Servicer has made a Nonrecoverable
Advance or that any advance would constitute a Nonrecoverable Advance, shall
be evidenced by an Officer's Certificate of the Master Servicer delivered to
the Trustee on the Determination Date and detailing the reasons for such
determination. Notwithstanding any other provision of this Agreement, any
insurance policy relating to the Mortgage Loans, or any other agreement
relating to the Mortgage Loans to which the Company or the Master Servicer is
a party, (a) the Company, the Master Servicer, and each Servicer shall not be
obligated to, and shall not, make any advance that, after reasonable inquiry
and in its sole discretion, the Company, the Master Servicer, or such
Servicer shall determine would be a Nonrecoverable Advance, and (b) the
Company, the Master Servicer, and each Servicer shall be entitled to
reimbursement for any advance as provided in Section 3.05(a)(i), (ii) and
(iv) of this Agreement.
ARTICLE V
THE CERTIFICATES
Section 5.01. THE CERTIFICATES.
(a) The Certificates shall be substantially in the forms set forth in
Exhibit A and B with the additional insertion from Exhibit H attached hereto,
and shall be executed by the Trustee, authenticated by the Trustee (or any
duly appointed Authenticating Agent) and delivered to or upon the order of
the Company upon receipt by the Trustee of the documents specified in Section
2.01. The Certificates shall be issuable in Authorized Denominations
evidencing Percentage Interests. Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by authorized officers of the
Trustee. Certificates bearing the manual or facsimile signatures of
individuals who were at the time of execution the proper officers of the
Trustee shall bind the Trustee, notwithstanding that such individuals or any
of them have ceased to hold such offices prior to the authentication and
delivery of such Certificates or did not hold such offices at the date of
such Certificates. No Certificate shall be entitled to any benefit under this
Agreement, or be valid for any purpose, unless there appears on such
Certificate a certificate of authentication substantially in the form
provided for herein executed by the Trustee or any Authenticating Agent by
manual signature, and such certificate upon any Certificate shall be
conclusive evidence, and the only evidence, that such Certificate has been
duly authenticated and delivered hereunder. All Certificates shall be dated
the date of their authentication.
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(b) The following definitions apply for purposes of this Section 5.01:
"Disqualified Organization" means any Person which is not a Permitted
Transferee, but does not include any "Pass-Through Entity" which owns or
holds a Residual Certificate and of which a Disqualified Organization,
directly or indirectly, may be a stockholder, partner or beneficiary;
"Pass-Through Entity" means any regulated investment company, real estate
investment trust, common trust fund, partnership, trust or estate, and any
organization to which Section 1381 of the Code applies; "Ownership Interest"
means, with respect to any Residual Certificate, any ownership or security
interest in such Residual Certificate, including any interest in a Residual
Certificate as the Holder thereof and any other interest therein whether
direct or indirect, legal or beneficial, as owner or as pledgee; "Transfer"
means any direct or indirect transfer or sale of, or directly or indirectly
transferring or selling any Ownership Interest in a Residual Certificate; and
"Transferee" means any Person who is acquiring by Transfer any Ownership
Interest in a Residual Certificate.
(c) Restrictions on Transfers of the Residual Certificates to
Disqualified Organizations are set forth in this Section 5.01(c).
(i) Each Person who has or who acquires any Ownership Interest in a
Residual Certificate shall be deemed by the acceptance or acquisition of
such Ownership Interest to have agreed to be bound by the following
provisions and to have irrevocably authorized the Trustee or its designee
under clause (iii)(A) below to deliver payments to a Person other than such
Person and to negotiate the terms of any mandatory sale under clause
(iii)(B) below and to execute all instruments of transfer and to do all
other things necessary in connection with any such sale. The rights of each
Person acquiring any Ownership Interest in a Residual Certificate are
expressly subject to the following provisions:
(A) Each Person holding or acquiring any Ownership Interest in a
Residual Certificate shall be a Permitted Transferee and shall
promptly notify the Trustee of any change or impending change in its
status as a Permitted Transferee.
(B) In connection with any proposed Transfer of any Ownership
Interest in a Residual Certificate to a U.S. Person, the Trustee shall
require delivery to it, and shall not register the Transfer of any
Residual Certificate until its receipt of (1) an affidavit and
agreement (a "Transferee Affidavit and Agreement") attached hereto as
Exhibit J from the proposed Transferee, in form and substance
satisfactory to the Company, representing and warranting, among other
things, that it is not a Non-U.S. Person, that such transferee is a
Permitted Transferee, that it is not acquiring its Ownership Interest
in the Residual Certificate that is the subject of the proposed
Transfer as a nominee, trustee or agent for any Person who is not a
Permitted Transferee, that for so long as it retains its Ownership
Interest in a Residual Certificate, it will endeavor to remain a
Permitted Transferee, and that it has reviewed the provisions of this
Section 5.01(c) and agrees to be bound by them, and (2) a certificate,
attached hereto as Exhibit I, from the Holder wishing to transfer the
Residual Certificate, in form and substance satisfactory to the
Company, representing and warranting, among other things, that no
purpose of the proposed Transfer is to allow such Holder to impede the
assessment or collection of tax.
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(C) Notwithstanding the delivery of a Transferee Affidavit and
Agreement by a proposed Transferee under clause (B) above, if the
Trustee has actual knowledge that the proposed Transferee is not a
Permitted Transferee, no Transfer of an Ownership Interest in a
Residual Certificate to such proposed Transferee shall be effected.
(D) Each Person holding or acquiring any Ownership Interest in a
Residual Certificate agrees by holding or acquiring such Ownership
Interest (i) to require a Transferee Affidavit and Agreement from any
other Person to whom such Person attempts to transfer its Ownership
Interest and to provide a certificate to the Trustee in the form
attached hereto as Exhibit J; (ii) to obtain the express written
consent of the Company prior to any transfer of such Ownership
Interest, which consent may be withheld in the Company's sole
discretion; and (iii) to provide a certificate to the Trustee in the
form attached hereto as Exhibit I.
(ii) The Trustee shall register the Transfer of any Residual
Certificate only if it shall have received the Transferee Affidavit and
Agreement, a certificate of the Holder requesting such transfer in the form
attached hereto as Exhibit J and all of such other documents as shall have
been reasonably required by the Trustee as a condition to such
registration.
(iii) (A) If any "disqualified organization" (as defined in
Section 860E(e)(5) of the Code) shall become a holder of a Residual
Certificate, then the last preceding Permitted Transferee shall be
restored, to the extent permitted by law, to all rights and obligations as
Holder thereof retroactive to the date of registration of such Transfer of
such Residual Certificate. If any Non-U.S. Person shall become a holder of
a Residual Certificate, then the last preceding holder which is a U.S.
Person shall be restored, to the extent permitted by law, to all rights and
obligations as Holder thereof retroactive to the date of registration of
the Transfer to such Non-U.S. Person of such Residual Certificate. If a
transfer of a Residual Certificate is disregarded pursuant to the
provisions of Treasury Regulations Section 1.860E-1 or Section 1.860G-3,
then the last preceding Permitted Transferee shall be restored, to the
extent permitted by law, to all rights and obligations as Holder thereof
retroactive to the date of registration of such Transfer of such Residual
Certificate. The Trustee shall be under no liability to any Person for any
registration of Transfer of a Residual Certificate that is in fact not
permitted by this Section 5.01(c) or for making any payments due on such
Certificate to the holder thereof or for taking any other action with
respect to such holder under the provisions of this Agreement.
(B) If any purported Transferee shall become a Holder of a
Residual Certificate in violation of the restrictions in this Section
5.01(c) and to the extent that the retroactive restoration of the
rights of the Holder of such Residual Certificate as described in
clause (iii)(A) above shall be invalid, illegal or unenforceable, then
the Company shall have the right, without notice to the Holder or any
prior Holder of such Residual Certificate,
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to sell such Residual Certificate to a purchaser selected by the
Company on such terms as the Company may choose. Such purported
Transferee shall promptly endorse and deliver each Residual
Certificate in accordance with the instructions of the Company.
Such purchaser may be the Company itself or any affiliate of the
Company. The proceeds of such sale, net of the commissions (which
may include commissions payable to the Company or its affiliates),
expenses and taxes due, if any, shall be remitted by the Company to
such purported Transferee. The terms and conditions of any sale
under this clause (iii)(B) shall be determined in the sole
discretion of the Company, and the Company shall not be liable to
any Person having an Ownership Interest in a Residual Certificate
as a result of its exercise of such discretion.
(iv) The Company, on behalf of the Trustee, shall make available, upon
written request from the Trustee, all information necessary to compute any
tax imposed (A) as a result of the Transfer of an Ownership Interest in a
Residual Certificate to any Person who is not a Permitted Transferee,
including the information regarding "excess inclusions" of such Residual
Certificates required to be provided to the Internal Revenue Service and
certain Persons as described in Treasury Regulation Section 1.860D-1(b)(5),
and (B) as a result of any regulated investment company, real estate
investment trust, common trust fund, partnership, trust, estate or
organizations described in Section 1381 of the Code having as among its
record holders at any time any Person who is not a Permitted Transferee.
Reasonable compensation for providing such information may be required by
the Company from such Person.
(v) The provisions of this Section 5.01 set forth prior to this
Section (v) may be modified, added to or eliminated, provided that there
shall have been delivered to the Trustee the following:
(A) written notification from each Rating Agencies to the effect
that the modification, addition to or elimination of such provisions
will not cause such Rating Agencies to downgrade its then-current
Ratings of the Certificates; and
(B) an Opinion of Counsel, in form and substance satisfactory to
the Company (as evidenced by a certificate of the Company), to the
effect that such modification, addition to or absence of such
provisions will not cause the Trust Fund to cease to qualify as a
REMIC and will not create a risk that (1) the Trust Fund may be
subject to an entity-level tax caused by the Transfer of any Residual
Certificate to a Person which is not a Permitted Transferee or (2) a
Certificateholder or another Person will be subject to a REMIC-related
tax caused by the Transfer of a Residual Certificate to a Person which
is not a Permitted Transferee.
(vi) The following legend shall appear on all Residual Certificates:
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE
ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE
COMPANY AND THE TRUSTEE THAT (1)
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SUCH TRANSFEREE IS NOT EITHER (A) THE UNITED STATES, ANY STATE OR
POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL
ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING,
(B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521
OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE
CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION
511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C)
OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A),
(B), OR (C) BEING HEREINAFTER REFERRED TO AS A "DISQUALIFIED
ORGANIZATION"), OR (D) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (2)
NO PURPOSE OF SUCH TRANSFER IS TO ENABLE THE TRANSFEROR TO IMPEDE THE
ASSESSMENT OR COLLECTION OF TAX. SUCH AFFIDAVIT SHALL INCLUDE CERTAIN
REPRESENTATIONS AS TO THE FINANCIAL CONDITION OF THE PROPOSED
TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER
OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE
TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED
ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE
OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A
CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED
TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THE
CLASS R CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO
HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
(vii) The Tax Matters Person for the Trust Fund, while not a
Disqualified Organization, shall be the tax matters person for the REMIC
comprised of the Trust Fund within the meaning of Section 6231(a)(7) of the
Code and Treasury Regulation Section 1.860F-4(d).
(d) In the case of any Class B or Residual Certificates presented
for registration in the name of an employee benefit plan or other plan or
arrangement subject to the prohibited transaction provisions of ERISA or
Section 4975 of the Code (or comparable provisions of any subsequent
enactments) (a "Plan"), a trustee of any Plan, or any other Person who is
using the "plan assets" of any Plan to effect such acquisition, the Trustee
shall require (i) an Opinion of Counsel acceptable to and in form and
substance satisfactory to the Trustee and the Company to the effect that the
purchase or holding of a Class B or Residual Certificate is permissible under
applicable law, will not constitute or result in a non-exempt prohibited
transaction under Section 406 of ERISA or Section 4975 of the Code, and will
not subject the Trustee, the Master Servicer or the Company to any obligation
or liability (including obligations or liabilities under Section 406 of ERISA
or Section 4975 of the Code) in addition to those undertaken in this
Agreement, which Opinion of Counsel shall not be an expense of the Trustee,
the Master Servicer or the Company or (ii) only in the case of a Class B
Certificate, an officer's certificate acceptable to and in form and substance
satisfactory to the Trustee and the Company to the effect that the transferee
is an insurance company, the source of funds to be used by it to purchase the
Class B Certificate is an
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"insurance company general account" (within the meaning of Department of
Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and the
purchase is being made in reliance upon the availability of the exemptive
relief afforded under Sections I and III of PTCE 95-60, which officer's
certificate shall not be an expense of the Trustee, the Master Servicer or
the Company.
(e) No transfer, sale, pledge or other disposition of a Junior
Subordinate Certificate shall be made unless such transfer, sale, pledge or
other disposition is made in accordance with this Section 5.01(e) or Section
5.01(f). Each Person who, at any time, acquires any ownership interest in any
Junior Subordinate Certificate shall be deemed by the acceptance or
acquisition of such ownership interest to have agreed to be bound by the
following provisions of this Section 5.01(e) and Section 5.01(f), as
applicable. No transfer of a Junior Subordinate Certificate shall be deemed
to be made in accordance with this Section 5.01(e) unless such transfer is
made pursuant to an effective registration statement under the Securities Act
or unless the Trustee is provided with the certificates and an Opinion of
Counsel, if required, on which the Trustee may conclusively rely, which
establishes or establish to the Trustee's satisfaction that such transfer is
exempt from the registration requirements under the Securities Act, as
follows: In the event that a transfer is to be made in reliance upon an
exemption from the Securities Act, the Trustee shall require, in order to
assure compliance with the Securities Act, that the Certificateholder
desiring to effect such transfer certify to the Trustee in writing, in
substantially the form attached hereto as Exhibit F, the facts surrounding
the transfer, with such modifications to such Exhibit F as may be appropriate
to reflect the actual facts of the proposed transfer, and that the
Certificateholder's proposed transferee certify to the Trustee in writing, in
substantially the form attached hereto as Exhibit G, the facts surrounding
the transfer, with such modifications to such Exhibit G as may be appropriate
to reflect the actual facts of the proposed transfer. If such certificate of
the proposed transferee does not contain substantially the substance of
Exhibit G, the Trustee shall require an Opinion of Counsel satisfactory to it
that such transfer may be made without registration, which Opinion of Counsel
shall not be obtained at the expense of the Trustee, the Trust Fund or the
Company. Such Opinion of Counsel shall allow for the forwarding, and the
Trustee shall forward, a copy thereof to the Rating Agencies. Notwithstanding
the foregoing, any Junior Subordinate Certificate may be transferred, sold,
pledged or otherwise disposed of in accordance with the requirements set
forth in Section 5.01(f).
(f) Transfers of the Junior Subordinate Certificates may be made
in accordance with this Section 5.01(f). To effectuate a Certificate transfer
of a Junior Subordinate Certificate in accordance with this Section 5.01(f),
the proposed transferee of such Certificate must provide the Trustee and the
Company with an investment letter substantially in the form of Exhibit L
attached hereto, which investment letter shall not be an expense of the
Trustee or the Company, and which investment letter states that, among other
things, such transferee (i) is a "qualified institutional buyer" as defined
under Rule 144A, acting for its own account or the accounts of other
"qualified institutional buyers" as defined under Rule 144A, and (ii) is
aware that the proposed transferor intends to rely on the exemption from
registration requirements under the Securities Act provided by Rule 144A.
Notwithstanding the foregoing, the proposed transferee of such Certificate
shall not be required to provide the Trustee or the Company with Annex 1 or
Annex 2 to the form of Exhibit L attached hereto if the Company so consents
prior to each such transfer. Such transfers shall be deemed to have complied
with the requirements of this Section 5.01(f). The Holder of a Certificate
desiring to effect such transfer does hereby agree to indemnify the Trustee,
the
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Company, and the Certificate Registrar against any liability that may result
if transfer is not made in accordance with this Agreement.
Section 5.02. CERTIFICATES ISSUABLE IN CLASSES; DISTRIBUTIONS OF
PRINCIPAL AND INTEREST; AUTHORIZED DENOMINATIONS. The aggregate principal
amount of the Certificates that may be authenticated and delivered under this
Agreement is limited to the aggregate Principal Balance of the Mortgage Loans
as of the Cut-Off Date, as specified in the Preliminary Statement to this
Agreement, except for Certificates authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other
Certificates pursuant to Section 5.03. Such aggregate principal amount shall
be allocated among one or more Classes having designations, types of
interests, initial per annum Remittance Rates, initial Class Principal
Balances, initial Component Principal Balances and last scheduled
Distribution Dates as specified in the Preliminary Statement to this
Agreement. The aggregate Percentage Interest of each Class of Certificates of
which the Class Principal Balance equals zero as of the Cut-Off Date that may
be authenticated and delivered under this Agreement is limited to 100%.
Certificates shall be issued in Authorized Denominations.
Section 5.03. REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES.
The Trustee shall cause to be maintained at one of its offices or at its
designated agent, a Certificate Register in which there shall be recorded the
name and address of each Certificateholder. Subject to such reasonable rules
and regulations as the Trustee may prescribe, the Certificate Register shall
be amended from time to time by the Trustee or its agent to reflect notice of
any changes received by the Trustee or its agent pursuant to Section 10.06.
The Trustee hereby appoints itself as the initial Certificate Registrar.
Upon surrender for registration of transfer of any Certificate to the
Trustee at the office of First Trust of New York, National Association, 100
Wall Street, Suite 1600, New York, NY 10005, Attention: Tom Bowen, or such
other address or agency as may hereafter be provided to the Master Servicer
in writing by the Trustee, the Trustee shall execute, and the Trustee or any
Authenticating Agent shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Certificates of
Authorized Denominations of like Percentage Interest. At the option of the
Certificateholders, Certificates may be exchanged for other Certificates in
Authorized Denominations of like Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency. Whenever any
Certificates are so surrendered for exchange, the Trustee shall execute, and
the Trustee, or any Authenticating Agent, shall authenticate and deliver, the
Certificates which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for transfer shall (if so
required by the Trustee or any Authenticating Agent) be duly endorsed by, or
be accompanied by a written instrument of transfer in form satisfactory to
the Trustee or any Authenticating Agent and duly executed by, the Holder
thereof or such Holder's attorney duly authorized in writing.
A reasonable service charge may be made for any such exchange or
transfer of Certificates, and the Trustee may require payment of a sum
sufficient to cover any tax or governmental charge that may be imposed in
connection with any exchange or transfer of Certificates.
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All Certificates surrendered for exchange or transfer shall be cancelled
by the Trustee or any Authenticating Agent.
Section 5.04. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES. If (i)
any mutilated Certificate is surrendered to the Trustee or any Authenticating
Agent, or (ii) the Trustee or any Authenticating Agent receives evidence to
their satisfaction of the destruction, loss or theft of any Certificate, and
there is delivered to the Trustee or any Authenticating Agent such security
or indemnity as may be required by them to save each of them harmless, then,
in the absence of notice to the Trustee or any Authenticating Agent that such
Certificate has been acquired by a bona fide purchaser, the Trustee shall
execute and the Trustee or any Authenticating Agent shall authenticate and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like Percentage Interest. Upon the
issuance of any new Certificate under this Section 5.04, the Trustee or any
Authenticating Agent may require the payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the Trustee or any
Authenticating Agent) connected therewith. Any replacement Certificate issued
pursuant to this Section 5.04 shall constitute complete and indefeasible
evidence of ownership in the Trust Fund (or with respect to the Class R
Certificates, the residual ownership interests in the Trust Fund) as if
originally issued, whether or not the lost or stolen Certificate shall be
found at any time.
Section 5.05. PERSONS DEEMED OWNERS. The Company, the Master Servicer,
the Trustee and any agent of any of them may treat the Person in whose name
any Certificate is registered as the owner of such Certificate for the
purpose of receiving distributions pursuant to Section 4.01 and for all other
purposes whatsoever, and neither the Company, the Master Servicer, the
Trustee, the Certificate Registrar nor any agent of the Company, the Master
Servicer or the Trustee shall be affected by notice to the contrary.
Section 5.06. TEMPORARY CERTIFICATES. Upon the initial issuance of the
Certificates, the Trustee may execute, and the Trustee or any Authenticating
Agent shall authenticate and deliver, temporary Certificates which are
printed, lithographed, typewritten or otherwise produced, in any Authorized
Denomination, of the tenor of the definitive Certificates in lieu of which
they are issued and with such variations in form from the forms of the
Certificates set forth as Exhibits A, B and H hereto as the Trustee's
officers executing such Certificates may determine, as evidenced by their
execution of the Certificates. Notwithstanding the foregoing, the
Certificates may remain in the form set forth in this definition of
"Temporary Certificates."
If temporary Certificates are issued, the Trustee shall cause definitive
Certificates to be prepared within ten Business Days of the Closing Date or
as soon as practicable thereafter. After preparation of definitive
Certificates, the temporary Certificates shall be exchangeable for definitive
Certificates upon surrender of the temporary Certificates at the office or
agency of the Trustee to be maintained as provided in Section 5.10 hereof,
without charge to the holder. Any tax or governmental charge that may be
imposed in connection with any such exchange shall be borne by the Master
Servicer. Upon surrender for cancellation of any one or more temporary
Certificates, the Trustee shall execute and the Trustee or any Authenticating
Agent shall authenticate and deliver in exchange therefor a like principal
amount of definitive Certificates of Authorized Denominations. Until so
exchanged, the temporary Certificates shall in all respects be
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entitled to the same benefits under this Agreement as definitive Certificates.
Section 5.07. BOOK-ENTRY FOR BOOK-ENTRY CERTIFICATES. Notwithstanding
the foregoing, the Book-Entry Certificates, upon original issuance, shall be
issued in the form of one or more typewritten Certificates of Authorized
Denomination representing the Book-Entry Certificates, to be delivered to
DTC, the initial Clearing Agency, by, or on behalf of, the Company. The
Book-Entry Certificates shall initially be registered on the Certificate
Register in the name of Cede & Co., the nominee of DTC, as the initial
Clearing Agency, and no Beneficial Holder shall receive a definitive
certificate representing such Beneficial Holder's interest in any Class of
Book-Entry Certificate, except as provided above and in Section 5.09. Each
Book-Entry Certificate shall bear the following legend:
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or
its agent for registration of transfer, exchange, or payment, and any
Certificate issued is registered in the name of Cede & Co. or such other
name as is requested by an authorized representative of DTC (and any
payment is made to Cede & Co. or to such other entity as is requested by an
authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.
Unless and until definitive, fully registered Book-Entry Certificates (the
"Definitive Certificates") have been issued to the Beneficial Holders pursuant
to Section 5.09:
(a) the provisions of this Section 5.07 shall be in full force and
effect with respect to the Book-Entry Certificates;
(b) the Master Servicer and the Trustee may deal with the Clearing
Agency for all purposes with respect to the Book-Entry Certificates
(including the making of distributions on the Book-Entry Certificates) as
the sole Certificateholder;
(c) to the extent that the provisions of this Section 5.07 conflict
with any other provisions of this Agreement, the provisions of this Section
5.07 shall control; and
(d) the rights of the Beneficial Holders shall be exercised only
through the Clearing Agency and the DTC Participants and shall be limited
to those established by law and agreements between such Beneficial Holders
and the Clearing Agency and/or the DTC Participants. Pursuant to the
Depositary Agreement, unless and until Definitive Certificates are issued
pursuant to Section 5.09, the initial Clearing Agency will make book-entry
transfers among the DTC Participants and receive and transmit distributions
of principal and interest on the related Class of Book-Entry Certificates
to such DTC Participants.
For purposes of any provision of this Agreement requiring or permitting
actions with the consent of, or at the direction of, Holders of Book-Entry
Certificates evidencing a specified
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Percentage Interest, such direction or consent may be given by the Clearing
Agency at the direction of Beneficial Holders owning Book-Entry Certificates
evidencing the requisite Percentage Interest represented by the Book-Entry
Certificates. The Clearing Agency may take conflicting actions with respect
to the Book-Entry Certificates to the extent that such actions are taken on
behalf of the Beneficial Holders.
Section 5.08. NOTICES TO CLEARING AGENCY. Whenever notice or other
communication to the Certificateholders is required under this Agreement,
unless and until Definitive Certificates shall have been issued to the
related Certificateholders pursuant to Section 5.09, the Trustee shall give
all such notices and communications specified herein to be given to Holders
of the Book-Entry Certificates to the Clearing Agency which shall give such
notices and communications to the related DTC Participants in accordance with
its applicable rules, regulations and procedures.
Section 5.09. DEFINITIVE CERTIFICATES. If (a) the Master Servicer
notifies the Trustee in writing that the Clearing Agency is no longer willing
or able to discharge properly its responsibilities under the Depositary
Agreement with respect to the Book-Entry Certificates and the Trustee or the
Master Servicer is unable to locate a qualified successor, (b) the Master
Servicer, at its option, advises the Trustee in writing that it elects to
terminate the book-entry system with respect to the Book-Entry Certificates
through the Clearing Agency or (c) after the occurrence of an Event of
Default, Certificateholders holding Book-Entry Certificates evidencing
Percentage Interests aggregating not less than 66% of the aggregate Class
Principal Balance of such Certificates advise the Trustee and the Clearing
Agency through DTC Participants in writing that the continuation of a
book-entry system with respect to the Book-Entry Certificates through the
Clearing Agency is no longer in the best interests of the Certificateholders
with respect to such Certificates, the Trustee shall notify all
Certificateholders of Book-Entry Certificates of the occurrence of any such
event and of the availability of Definitive Certificates. Upon surrender to
the Trustee of the Book-Entry Certificates by the Clearing Agency,
accompanied by registration instructions from the Clearing Agency for
registration, the Trustee shall execute and the Trustee or any Authenticating
Agent shall authenticate and deliver the Definitive Certificates. Neither the
Company, the Master Servicer nor the Trustee shall be liable for any delay in
delivery of such instructions and may conclusively rely on, and shall be
protected in relying on, such instructions. Upon the issuance of Definitive
Certificates for all of the Certificates all references herein to obligations
imposed upon or to be performed by the Clearing Agency shall be deemed to be
imposed upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates, and the Trustee shall recognize the
Holders of Definitive Certificates as Certificateholders hereunder.
Section 5.10. OFFICE FOR TRANSFER OF CERTIFICATES. The Trustee shall
maintain in New York, New York, an office or agency where Certificates may be
surrendered for registration of transfer or exchange. First Trust of New York,
National Association, 100 Wall Street, Suite 1600, New York, New York 10005,
Attention: Tom Bowen, is initially designated for said purposes.
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ARTICLE VI
The Company and the Master Servicer
Section 6.01. LIABILITY OF THE COMPANY AND THE MASTER SERVICER. The
Company and the Master Servicer shall be liable in accordance herewith only
to the extent of the obligations specifically imposed upon and undertaken by
the Company or the Master Servicer, as applicable, herein..
Section 6.02. MERGER OR CONSOLIDATION OF THE COMPANY, OR THE MASTER
SERVICER. Any corporation into which the Company or the Master Servicer may be
merged or consolidated, or any corporation resulting from any merger, conversion
or consolidation to which the Company or the Master Servicer shall be a party,
or any corporation succeeding to the business of the Company or the Master
Servicer, shall be the successor of the Company or the Master Servicer
hereunder, without the execution or filing of any paper or any further act on
the part of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 6.03. LIMITATION ON LIABILITY OF THE COMPANY, THE MASTER
SERVICER AND OTHERS. Neither the Company nor the Master Servicer nor any of
the directors, officers, employees or agents of the Company or the Master
Servicer shall be under any liability to the Trust Fund or the
Certificateholders for any action taken by such Person or by a Servicer or
for such Person's or Servicer's refraining from the taking of any action in
good faith pursuant to this Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Company, the Master
Servicer or any such Person against any liability which would otherwise be
imposed by reason of willful misfeasance, bad faith or gross negligence in
the performance of duties or by reason of reckless disregard of duties and
obligations hereunder. The Company, the Master Servicer and any director,
officer, employee or agent of the Company or the Master Servicer may rely in
good faith on any document of any kind properly executed and submitted by any
Person respecting any matters arising hereunder. The Company, the Master
Servicer and any director, officer, employee or agent of the Company or the
Master Servicer shall be indemnified by the Trust Fund and held harmless
against any loss, liability or expense incurred in connection with any legal
action relating to this Agreement or the Certificates, other than any loss,
liability or expense relating to any Mortgage Loan (other than as otherwise
permitted in this Agreement) or incurred by reason of willful misfeasance,
bad faith or gross negligence in the performance of duties hereunder or by
reason of reckless disregard of obligations and duties hereunder. The Company
and the Master Servicer shall not be under any obligation to appear in,
prosecute or defend any legal action which is not incidental to its duties to
service the Mortgage Loans in accordance with this Agreement and which in its
opinion may involve it in any expense or liability; provided, however, that
the Company or the Master Servicer may in its discretion undertake any such
action which it may deem necessary or desirable with respect to the Mortgage
Loans, this Agreement, the Certificates or the rights and duties of the
parties hereto and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any liability
resulting therefrom shall be expenses, costs and liabilities of the Trust
Fund and the Company and the Master Servicer shall be entitled to be
reimbursed therefor out of the Certificate Account, as provided by Section
3.05.
Section 6.04. THE COMPANY AND THE MASTER SERVICER NOT TO RESIGN. The
Company shall not resign from the obligations and duties (including, without
limitation, its obligations and duties as initial Master Servicer) hereby
imposed on it except upon determination that its duties hereunder are no
longer permissible under applicable law. Any successor Master Servicer shall
not
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resign from the obligations and duties hereby imposed on it except upon
determination that its duties hereunder are no longer permissible under
applicable law. Any such determination permitting the resignation of the
Company or any successor Master Servicer shall be evidenced by an Opinion of
Counsel to such effect delivered to the Trustee. No such resignation shall
become effective until the Trustee or a successor Master Servicer shall have
assumed the Master Servicer's responsibilities and obligations in accordance
with Section 7.02 hereof.
If the Company is no longer acting as Master Servicer, then the
successor Master Servicer shall give prompt written notice to the Company of
any information received by such successor Master Servicer which affects or
relates to an ongoing obligation or right of the Company under this Agreement.
ARTICLE VII
DEFAULT
Section 7.01. EVENTS OF DEFAULT. (a) In case one or more of the following
Events of Default by the Master Servicer or by a successor Master Servicer shall
occur and be continuing, that is to say:
(i) Any failure by the Master Servicer to deposit into the
Certificate Account any payment required to be deposited therein under the
terms of this Agreement which continues unremedied for a period of ten days
after the date upon which written notice of such failure, requiring the
same to be remedied, shall have been given to the Master Servicer by the
Trustee or to the Master Servicer and the Trustee by the Holders of
Certificates evidencing Percentage Interests aggregating not less than 25%
of the Trust Fund; or
(ii) Failure on the part of the Master Servicer duly to observe
or perform in any material respect any other of the covenants or agreements
on the part of the Master Servicer contained in the Certificates or in this
Agreement which continues unremedied for a period of 60 days after the date
on which written notice of such failure, requiring the same to be remedied,
shall have been given to the Master Servicer by the Trustee, or to the
Master Servicer and the Trustee by the Holders of Certificates evidencing
Percentage Interests aggregating not less than 25% of the Trust Fund; or
(iii) A decree or order of a court or agency or supervisory
authority having jurisdiction in the premises for the appointment of a
trustee in bankruptcy, conservator or receiver or liquidator in any
bankruptcy, insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings, or for the winding-up or liquidation of
its affairs, shall have been entered against the Master Servicer and such
decree or order shall have remained in force undischarged or unstayed for a
period of 60 days; or
(iv) The Master Servicer shall consent to the appointment of a
trustee in bankruptcy, conservator or receiver or liquidator in any
bankruptcy, insolvency,
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readjustment of debt, marshalling of assets and liabilities or similar
proceedings of or relating to the Master Servicer or of or relating to
all or substantially all of its property; or
(v) The Master Servicer shall admit in writing its inability to
pay its debts generally as they become due, file a petition to take
advantage of any applicable bankruptcy, insolvency or reorganization
statute, make an assignment for the benefit of its creditors, or
voluntarily suspend payment of its obligations; or
(vi) Any failure of the Master Servicer to make any Monthly P&I
Advance (other than a Nonrecoverable Advance) which continues unremedied at
the opening of business on the Distribution Date in respect of which such
Monthly P&I Advance was to have been made;
then, and in each and every such case, so long as an Event of Default shall
not have been remedied, either the Trustee, or the Holders of Certificates
evidencing Percentage Interests aggregating not less than 25% of the Trust
Fund, by notice in writing to the Company and the Master Servicer (and to the
Trustee if given by the Certificateholders, in which case such notice shall
set forth evidence reasonably satisfactory to the Trustee that such Event of
Default has occurred and shall not have been remedied) may terminate all of
the rights (other than its right to reimbursement for advances) and
obligations of the Master Servicer, including its right to the Master
Servicing Fee, under this Agreement and in and to the Mortgage Loans and the
proceeds thereof, if any. Such determination shall be final and binding. On
or after the receipt by the Master Servicer of such written notice, all
authority and power of the Master Servicer under this Agreement, whether with
respect to the Certificates or the Mortgage Loans or otherwise, shall pass to
and be vested in the Trustee pursuant to and under this Section 7.01; and,
without limitation, the Trustee is hereby authorized and empowered to execute
and deliver, on behalf of the Master Servicer, as attorney-in-fact or
otherwise, any and all documents and other instruments, and to do or
accomplish all other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the transfer and
endorsement or assignment of the Mortgage Loans and related documents, or
otherwise. The Master Servicer agrees to cooperate with the Trustee in
effecting the termination of the Master Servicer's responsibilities and
rights hereunder, including, without limitation, the transfer to the Trustee
for administration by it of all cash amounts which shall at the time be
credited by the Master Servicer to the Certificate Account or thereafter be
received with respect to the Mortgage Loans.
Notwithstanding the foregoing, if an Event of Default described in
clause (vi) of this Section 7.01(a) shall occur, the Trustee shall, by notice in
writing to the Master Servicer, which may be delivered by telecopy, immediately
suspend all of the rights and obligations of the Master Servicer thereafter
arising under this Agreement, but without prejudice to any rights it may have as
a Certificateholder or to reimbursement of Monthly P&I Advances and other
advances of its own funds, and the Trustee shall act as provided in Section 7.02
to carry out the duties of the Master Servicer, including the obligation to make
any Monthly P&I Advance the nonpayment of which was an Event of Default
described in clause (vi) of this Section 7.01(a). Any such action taken by the
Trustee must be prior to the distribution on the relevant Distribution Date. If
the Master Servicer shall within two Business Days following such suspension
remit to
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the Trustee the amount of any Monthly P&I Advance the nonpayment of which by
the Master Servicer was an Event of Default described in clause (vi) of this
Section 7.01(a), the Trustee shall permit the Master Servicer to resume its
rights and obligations as Master Servicer hereunder. The Master Servicer
agrees that it will reimburse the Trustee for actual, necessary and
reasonable costs incurred by the Trustee because of action taken pursuant to
clause (vi) of this Section 7.01(a). The Master Servicer agrees that if an
Event of Default as described in clause (vi) of this Section 7.01(a) shall
occur more than two times in any twelve month period, the Trustee shall be
under no obligation to permit the Master Servicer to resume its rights and
obligations as Master Servicer hereunder.
(b) In case one or more of the following Events of Default by the
Company shall occur and be continuing, that is to say:
(i) Failure on the part of the Company duly to observe or
perform in any material respect any of the covenants or agreements on the
part of the Company contained in the Certificates or in this Agreement
which continues unremedied for a period of 60 days after the date on which
written notice of such failure, requiring the same to be remedied, shall
have been given to the Company by the Trustee, or to the Company and the
Trustee by the Holders of Certificates evidencing Percentage Interests
aggregating not less than 25% of the Trust Fund; or
(ii) A decree or order of a court or agency or supervisory
authority having jurisdiction in the premises for the appointment of a
trustee in bankruptcy, conservator or receiver or liquidator in any
bankruptcy, insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings, or for the winding-up or liquidation of
its affairs, shall have been entered against the Company and such decree or
order shall have remained in force undischarged or unstayed for a period of
60 days; or
(iii) The Company shall consent to the appointment of a
trustee in bankruptcy, conservator or receiver or liquidator in any
bankruptcy, insolvency, readjustment of debt, marshalling of assets and
liabilities or similar proceedings of or relating to the Company or of or
relating to all or substantially all of its property; or
(iv) The Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take advantage of
any applicable bankruptcy, insolvency or reorganization statute, make an
assignment for the benefit of creditors, or voluntarily suspend payment of
its obligations;
then, and in each and every such case, so long as such Event of Default shall
not have been remedied, the Holders of Certificates evidencing Percentage
Interests aggregating not less than 25% of the Trust Fund, by notice in writing
to the Company and the Trustee, may direct the Trustee in accordance with
Section 10.03 to institute an action, suit or proceeding in its own name as
Trustee hereunder to enforce the Company's obligations hereunder.
(c) In any circumstances in which this Agreement states that
Certificateholders owning Certificates evidencing a certain percentage
Percentage Interest in the Trust Fund may take
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certain action, such action shall be taken by the Trustee, but only if the
requisite percentage of Certificateholders required under this Agreement for
taking like action or giving like instruction to the Trustee under this
Agreement shall have so directed the Trustee in writing.
Section 7.02. TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR. On and after the
time the Master Servicer receives a notice of termination pursuant to Section
7.01, the Trustee shall be the successor in all respects to the Master Servicer
under this Agreement and under the Selling and Servicing Contracts with respect
to the Mortgage Loans in the Mortgage Pool and with respect to the transactions
set forth or provided for herein and shall have all the rights and powers and be
subject to all the responsibilities, duties and liabilities relating thereto
arising after the Master Servicer receives such notice of termination placed on
the Master Servicer by the terms and provisions hereof and thereof, and shall
have the same limitations on liability herein granted to the Master Servicer;
provided, that the Trustee shall not under any circumstances be responsible for
any representations and warranties or any Purchase Obligation of the Company or
any liability incurred by the Master Servicer at or prior to the time the Master
Servicer was terminated as Master Servicer and the Trustee shall not be
obligated to make a Monthly P&I Advance if it is prohibited by law from so
doing. As compensation therefor, the Trustee shall be entitled to all funds
relating to the Mortgage Loans which the Master Servicer would have been
entitled to retain or to withdraw from the Certificate Account if the Master
Servicer had continued to act hereunder, except for those amounts due to the
Master Servicer as reimbursement for advances previously made or amounts
previously expended and are otherwise reimbursable hereunder. Notwithstanding
the above, the Trustee may, if it shall be unwilling to so act, or shall if it
is unable to so act, appoint, or petition a court of competent jurisdiction to
appoint, any established housing and home finance institution having a net worth
of not less than $10,000,000 as the successor to the Master Servicer hereunder
in the assumption of all or any part of the responsibilities, duties or
liabilities of the Master Servicer hereunder. Pending any such appointment, the
Trustee is obligated to act in such capacity. In connection with such
appointment and assumption, the Trustee may make such arrangements for the
compensation of such successor out of payments on Mortgage Loans as it and such
successor shall agree; provided, however, that no such compensation shall,
together with the compensation to the Trustee, be in excess of that permitted
the Master Servicer hereunder. The Trustee and such successor shall take such
actions, consistent with this Agreement, as shall be necessary to effectuate any
such succession.
Section 7.03. NOTIFICATION TO CERTIFICATEHOLDERS. Upon any such
termination or appointment of a successor to the Master Servicer, the Trustee
shall give prompt written notice thereof to Certificateholders at their
respective addresses appearing in the Certificate Register.
ARTICLE VIII
CONCERNING THE TRUSTEE
Section 8.01. DUTIES OF TRUSTEE.
(a) The Trustee, prior to the occurrence of an Event of Default and after
the curing of all Events of Default which may have occurred, undertakes to
perform such duties and only such
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duties as are specifically set forth in this Agreement. In case an Event of
Default has occurred (which has not been cured or waived) the Trustee shall
exercise such of the rights and powers vested in it by this Agreement, and
use the same degree of care and skill in its exercise as a prudent person
would exercise or use under the circumstances in the conduct of such person's
own affairs.
(b) The Trustee, upon receipt of all resolutions, certificates,
statements, opinions, reports, documents, orders or other instruments furnished
to the Trustee which are specifically required to be furnished pursuant to any
provision of this Agreement, shall examine them to determine whether they are in
the form required by this Agreement; provided, however, that the Trustee shall
not be responsible for the accuracy or content of any such certificate,
statement, opinion, report, or other order or instrument furnished by the
Company or Master Servicer to the Trustee pursuant to this Agreement.
(c) No provision of this Agreement shall be construed to relieve the
Trustee from liability for its own negligent action, its own negligent failure
to act or its own willful misconduct; provided, however, that:
(i) Prior to the occurrence of an Event of Default and after the
curing of all such Events of Default which may have occurred, the duties
and obligations of the Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be liable except for
the performance of such duties and obligations as are specifically set
forth in this Agreement, no implied covenants or obligations shall be read
into this Agreement against the Trustee, and, in the absence of bad faith
on the part of the Trustee, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Agreement; and
(ii) The Trustee shall not be personally liable with respect to any
action taken or omitted to be taken by it in good faith in accordance with
the direction of the Certificateholders holding Certificates which evidence
Percentage Interests aggregating not less than 25% of the Trust Fund
relating to the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or relating to the exercise of any trust
or power conferred upon the Trustee under this Agreement.
(d) Within ten days after the occurrence of any Event of Default known to
the Trustee, the Trustee shall transmit by mail to the Rating Agencies notice of
each Event of Default. Within 90 days after the occurrence of any Event of
Default known to the Trustee, the Trustee shall transmit by mail to all
Certificateholders (with a copy to the Rating Agencies) notice of each Event of
Default, unless such Event of Default shall have been cured or waived; provided,
however, the Trustee shall be protected in withholding such notice if and so
long as a Responsible Officer of the Trustee in good faith determines that the
withholding of such notice is in the best interests of the Certificateholders;
and provided, further, that in the case of any Event of Default of the character
specified in Section 7.01(i) and Section 7.01(ii) no such notice to
Certificateholders or to the Rating Agencies shall be given until at least 30
days after the occurrence thereof.
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Section 8.02. CERTAIN MATTERS AFFECTING THE TRUSTEE. Except as otherwise
provided in Section 8.01:
(i) The Trustee may request and rely upon and shall be protected in
acting or refraining from acting upon any resolution, Officer's
Certificate, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval,
bond or other paper or document believed by it to be genuine and to have
been signed or presented by the proper party or parties;
(ii) The Trustee may consult with counsel and any Opinion of Counsel
shall be full and complete authorization and protection in respect of any
action taken or suffered or omitted by it hereunder in good faith and in
accordance with such Opinion of Counsel;
(iii) The Trustee shall not be personally liable for any action
taken or omitted by it in good faith and reasonably believed by it to be
authorized or within the discretion or rights or powers conferred upon it
by this Agreement;
(iv) Prior to the occurrence of an Event of Default hereunder and
after the curing of all Events of Default which may have occurred, the
Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, consent, order, approval, bond or other
paper or document, unless requested in writing to do so by the Holders of
Certificates evidencing Percentage Interests aggregating not less than 25%
of the Trust Fund; provided, however, that if the payment within a
reasonable time to the Trustee of the costs, expenses or liabilities likely
to be incurred by it in the making of such investigation is, in the opinion
of the Trustee, not reasonably assured to the Trustee by the security, if
any, afforded to it by the terms of this Agreement, the Trustee may require
reasonable indemnity against such expense or liability as a condition to
proceeding;
(v) The Trustee may execute the trust or any of the powers hereunder
or perform any duties hereunder either directly or by or through agents or
attorneys; and
(vi) The Trustee shall not be deemed to have knowledge or notice of
any matter, including without limitation an Event of Default, unless
actually known by a Responsible Officer, or unless written notice thereof
referencing this Agreement or the Certificates is received at the Corporate
Trust Office at the address set forth in Section 10.06.
Section 8.03. TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS. The
recitals contained herein (other than those relating to the due organization,
power and authority of the Trustee) and in the Certificates (other than the
execution of, and certificate of authentication on, the Certificates) shall be
taken as the statements of the Company and the Trustee assumes no responsibility
for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this Agreement or of the Certificates or any Mortgage Loan.
The Trustee shall not be accountable for the use or application by the Company
of any of the Certificates or of the proceeds of such Certificates, or for the
use or application of any funds paid to the Master
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Servicer, the Servicers or the Company in respect of the Mortgage Loans or
deposited into the Custodial Accounts for P&I, any Buydown Fund Account, or
the Custodial Accounts for P&I by any Servicer or into the Investment
Account, or the Certificate Account by the Master Servicer or the Company.
Section 8.04. TRUSTEE MAY OWN CERTIFICATES. The Trustee or any agent or
affiliate of the Trustee, in its individual or any other capacity, may become
the owner or pledgee of Certificates with the same rights it would have if it
were not Trustee.
Section 8.05. THE MASTER SERVICER TO PAY TRUSTEE'S FEES AND EXPENSES.
Subject to any separate written agreement with the Trustee, the Master Servicer
covenants and agrees to, and the Master Servicer shall, pay the Trustee from
time to time, and the Trustee shall be entitled to payment, for all services
rendered by it in the execution of the trust hereby created and in the exercise
and performance of any of the powers and duties hereunder of the Trustee. Except
as otherwise expressly provided herein, the Master Servicer shall pay or
reimburse the Trustee upon its request for all reasonable expenses and
disbursements incurred or made by the Trustee in accordance with any of the
provisions of this Agreement and indemnify the Trustee from any loss, liability
or expense incurred by it hereunder (including the reasonable compensation and
the expenses and disbursements of its counsel and of all persons not regularly
in its employ) except any such expense or disbursement as may arise from its
negligence or bad faith. Such obligation shall survive the termination of this
Agreement or resignation or removal of the Trustee. The Company shall, at its
expense, prepare or cause to be prepared all federal and state income tax and
franchise tax and information returns relating to the Trust Fund required to be
prepared or filed by the Trustee and shall indemnify the Trustee for any
liability of the Trustee arising from any error in such returns.
Section 8.06. ELIGIBILITY REQUIREMENTS FOR TRUSTEE. The Trustee hereunder
shall at all times be (i) an institution insured by the FDIC, (ii) a corporation
or association organized and doing business under the laws of the United States
of America or of any state, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by federal or state authority and
(iii) acceptable to the Rating Agencies. If such corporation or association
publishes reports of condition at least annually, pursuant to law or to the
requirements of any aforementioned supervising or examining authority, then for
the purposes of this Section 8.06, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. In case at any time the
Trustee shall cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. RESIGNATION AND REMOVAL OF TRUSTEE. The Trustee may at any
time resign and be discharged from the trusts hereby created by giving written
notice thereof to the Master Servicer. Upon receiving such notice of
resignation, the Master Servicer shall promptly appoint a successor trustee by
written instrument, in duplicate, one copy of which instrument shall be
delivered to the resigning Trustee and one copy to the successor trustee. If no
successor trustee shall have been so appointed and shall have accepted
appointment within 30 days after the giving of such notice of resignation, the
resigning Trustee may petition any court of competent
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jurisdiction for the appointment of a successor trustee.
If at any time the Trustee shall cease to be eligible in accordance with
the provisions of Section 8.06 and shall fail to resign after written request
therefor by the Master Servicer, or if at any time the Trustee shall become
incapable of acting, or shall be adjudged bankrupt or insolvent, or a
receiver of the Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then
the Master Servicer may remove the Trustee and appoint a successor trustee by
written instrument, in duplicate, one copy of which instrument shall be
delivered to the Trustee so removed, one copy to the successor.
The Holders of Certificates evidencing Percentage Interests aggregating
more than 50% of the Trust Fund may at any time remove the Trustee and
appoint a successor trustee by written instrument or instruments, in
triplicate, signed by such Holders or their attorneys in-fact duly
authorized, one complete set of which instruments shall be delivered to the
Master Servicer, one complete set to the Trustee so removed and one complete
set to the successor so appointed.
Any resignation or removal of the Trustee and appointment of a successor
trustee pursuant to any of the provisions of this Section 8.07 shall become
effective upon acceptance of appointment by the successor trustee as provided
in Section 8.08. Any expenses associated with the resignation of the Trustee
shall be borne by the Trustee, and any expenses associated with the removal
of the Trustee shall be borne by the Master Servicer.
Section 8.08. SUCCESSOR TRUSTEE. Any successor trustee appointed as
provided in Section 8.07 shall execute, acknowledge and deliver to the Master
Servicer and to its predecessor trustee an instrument accepting such
appointment hereunder, and thereupon the resignation or removal of the
predecessor trustee shall become effective and such successor trustee,
without any further act, deed or conveyance, shall become fully vested with
all the rights, powers, duties and obligations of its predecessor hereunder,
with like effect as if originally named as Trustee herein. The predecessor
shall deliver to the successor trustee all Mortgage Files, related documents,
statements and all other property held by it hereunder, and the Master
Servicer and the predecessor trustee shall execute and deliver such
instruments and do such other things as may reasonably be required for more
fully and certainly vesting and confirming in the successor trustee all such
rights, powers, duties and obligations.
No successor trustee shall accept appointment as provided in this
Section 8.08 unless at the time of such appointment such successor trustee
shall be eligible under the provisions of Section 8.06.
Upon acceptance of appointment by a successor trustee as provided in
this Section 8.08, the Master Servicer shall mail notice of the succession of
such trustee hereunder to (i) all Certificateholders at their addresses as
shown in the Certificate Register and (ii) the Rating Agencies. If the Master
Servicer fails to mail such notice within ten days after acceptance of
appointment by the successor trustee, the successor trustee shall cause such
notice to be mailed.
Section 8.09. MERGER OR CONSOLIDATION OF TRUSTEE. Any corporation or
association into
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which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided such resulting or successor
corporation shall be eligible under the provisions of Section 8.06, without
the execution or filing of any paper or any further act on the part of any of
the parties hereto, anything herein to the contrary notwithstanding.
Section 8.10. APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE.
Notwithstanding any other provisions hereof, at any time, for the purpose of
meeting any legal requirements of any jurisdiction in which any part of the
Trust Fund may at the time be located, the Master Servicer and the Trustee
acting jointly shall have the power and shall execute and deliver all
instruments to appoint one or more Persons approved by the Trustee to act as
co-trustee or co-trustees, jointly with the Trustee, or separate trustee or
separate trustees, of all or any part of the Trust Fund and to vest in such
Person or Persons, in such capacity, such title to the Trust Fund, or any
part thereof, and, subject to the other provisions of this Section 8.10, such
powers, duties, obligations, rights and trusts as the Master Servicer and the
Trustee may consider necessary or desirable; provided, that the Trustee shall
remain liable for all of its obligations and duties under this Agreement. If
the Master Servicer shall not have joined in such appointment within 15 days
after the receipt by it of a request so to do, or in case an Event of Default
shall have occurred and be continuing, the Trustee alone shall have the power
to make such appointment; provided, that the Trustee shall remain liable for
all of its obligations and duties under this Agreement. No co-trustee or
separate trustee hereunder shall be required to meet the terms of eligibility
as a successor trustee under Section 8.06 hereunder and no notice to
Certificateholders of the appointment of co-trustee(s) or separate trustee(s)
shall be required under Section 8.08 hereof.
In the case of any appointment of a co-trustee or separate trustee
pursuant to this Section 8.10, all rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or imposed upon and
exercised or performed by the Trustee and such separate trustee or co-trustee
jointly and severally, except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be performed by the
Trustee (whether as Trustee hereunder or as successor to the Master Servicer
hereunder), the Trustee shall be incompetent or unqualified to perform such
act or acts, in which event such rights, powers, duties and obligations
(including the holding of title to the Trust Fund or any portion thereof in
any such jurisdiction) shall be exercised and performed by such separate
trustee or co-trustee at the direction of the Trustee.
Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustee(s) and
co-trustee(s), as effectively as if given to each of them. Every instrument
appointing any separate trustee(s) or co-trustee(s) shall refer to this
Agreement and the conditions of this Article VIII. Each separate trustee and
co-trustee, upon its acceptance of the trusts conferred, shall be vested with
the estates or property specified in its instrument of appointment, either
jointly with the Trustee or separately, as may be provided therein, subject
to all the provisions of this Agreement, specifically including every
provision of this Agreement relating to the conduct of, affecting the
liability of, or affording protection to, the Trustee. Every such instrument
shall be filed with the Trustee.
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Any separate trustee or co-trustee may, at any time, constitute the
Trustee its agent or attorney-in-fact, with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of
this Agreement on its behalf and in its name. If any separate trustee or
co-trustee shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and the trust shall vest in and
be exercised by the Trustee, to the extent permitted by law, without the
appointment of a new or successor trustee.
Section 8.11. AUTHENTICATING AGENTS. The Trustee may appoint one or
more Authenticating Agents which shall be authorized to act on behalf of the
Trustee in authenticating Certificates. Wherever reference is made in this
Agreement to the authentication of Certificates by the Trustee or the
Trustee's certificate of authentication, such reference shall be deemed to
include authentication on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent must be acceptable to the
Master Servicer and must be a corporation or banking association organized
and doing business under the laws of the United States of America or of any
state, having a principal office and place of business in New York, New York,
having a combined capital and surplus of at least $15,000,000, authorized
under such laws to do a trust business and subject to supervision or
examination by federal or state authorities.
Any corporation into which any Authenticating Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which any Authenticating
Agent shall be a party, or any corporation succeeding to the corporate agency
business of any Authenticating Agent, shall continue to be the Authenticating
Agent so long as it shall be eligible in accordance with the provisions of
the first paragraph of this Section 8.11 without the execution or filing of
any paper or any further act on the part of the Trustee or the Authenticating
Agent.
Any Authenticating Agent may at any time resign by giving written notice
of resignation to the Trustee and to the Master Servicer. The Trustee may,
upon prior written approval of the Master Servicer, at any time terminate the
agency of any Authenticating Agent by giving written notice of termination to
such Authenticating Agent and to the Master Servicer. Upon receiving a notice
of resignation or upon such a termination, or in case at any time any
Authenticating Agent shall cease to be eligible in accordance with the
provisions of the first paragraph of this Section 8.11, the Trustee may
appoint, upon prior written approval of the Master Servicer, a successor
Authenticating Agent, shall give written notice of such appointment to the
Master Servicer and shall mail notice of such appointment to all
Certificateholders. Any successor Authenticating Agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers, duties
and responsibilities of its predecessor hereunder, with like effect as if
originally named as Authenticating Agent. Any reasonable compensation paid to
an Authenticating Agent shall be a reimbursable expense pursuant to Section
8.05 if paid by the Trustee.
Section 8.12. PAYING AGENTS. The Trustee may appoint one or more Paying
Agents which shall be authorized to act on behalf of the Trustee in making
withdrawals from the Certificate Account, and distributions to
Certificateholders as provided in Section 4.01 and Section 9.01(b) to the
extent directed to do so by the Master Servicer. Wherever reference is made
in this Agreement to the withdrawal from the Certificate Account by the
Trustee, such
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reference shall be deemed to include such a withdrawal on behalf of the
Trustee by a Paying Agent. Whenever reference is made in this Agreement to a
distribution by the Trustee or the furnishing of a statement to
Certificateholders by the Trustee, such reference shall be deemed to include
such a distribution or furnishing on behalf of the Trustee by a Paying Agent.
Each Paying Agent shall provide to the Trustee such information concerning
the Certificate Account as the Trustee shall request from time to time. Each
Paying Agent must be reasonably acceptable to the Master Servicer and must be
a corporation or banking association organized and doing business under the
laws of the United States of America or of any state, having a principal
office and place of business in New York, New York, having a combined capital
and surplus of at least $15,000,000, authorized under such laws to do a trust
business and subject to supervision or examination by federal or state
authorities.
Any corporation into which any Paying Agent may be merged or converted
or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which any Paying Agent shall be a
party, or any corporation succeeding to the corporate agency business of any
Paying Agent, shall continue to be the Paying Agent provided that such
corporation after the consummation of such merger, conversion, consolidation
or succession meets the eligibility requirements of this Section 8.12.
Any Paying Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Master Servicer; provided, that the
Paying Agent has returned to the Certificate Account or otherwise accounted,
to the reasonable satisfaction of the Master Servicer, for all amounts it has
withdrawn from the Certificate Account. The Trustee may, upon prior written
approval of the Master Servicer, at any time terminate the agency of any
Paying Agent by giving written notice of termination to such Paying Agent and
to the Master Servicer. Upon receiving a notice of resignation or upon such a
termination, or in case at any time any Paying Agent shall cease to be
eligible in accordance with the provisions of the first paragraph of this
Section 8.12, the Trustee may appoint, upon prior written approval of the
Master Servicer, a successor Paying Agent, shall give written notice of such
appointment to the Master Servicer and shall mail notice of such appointment
to all Certificateholders. Any successor Paying Agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers, duties
and responsibilities of its predecessor hereunder, with like effect as if
originally named as Paying Agent. Any reasonable compensation paid to any
Paying Agent shall be a reimbursable expense pursuant to Section 8.05 if paid
by the Trustee.
ARTICLE IX
TERMINATION
Section 9.01. TERMINATION UPON REPURCHASE BY THE COMPANY OR LIQUIDATION OF
ALL MORTGAGE LOANS.
(a) Except as otherwise set forth in this Article IX, including, without
limitation, the obligation of the Master Servicer to make payments to
Certificateholders as hereafter set forth, the respective obligations and
responsibilities of the Company, the Master Servicer and the Trustee created
hereby shall terminate upon (i) the repurchase by the Company pursuant to the
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following paragraph of this Section 9.01(a) of all Mortgage Loans and all
property acquired in respect of any Mortgage Loan remaining in the Trust Fund
at a price equal, after the deduction of related advances, to the sum of (x)
the excess of (A) 100% of the aggregate outstanding Principal Balance of such
Mortgage Loans (other than Liquidated Mortgage Loans) plus accrued interest
at the applicable Pass-Through Rate with respect to such Mortgage Loan (other
than a Liquidated Mortgage Loan) through the last day of the month of such
repurchase, over (B) with respect to any Mortgage Loan which is not a
Liquidated Mortgage Loan, the amount of the Bankruptcy Loss incurred with
respect to such Mortgage Loan as of the date of such repurchase by the
Company to the extent that the Principal Balance of such Mortgage Loan has
not been previously reduced by such Bankruptcy Loss, and (y) the appraised
fair market value as of the effective date of the termination of the trust
created hereby of (A) all property in the Trust Fund which secured a Mortgage
Loan and which was acquired by foreclosure or deed in lieu of foreclosure
after the Cut-Off Date, including related Insurance Proceeds, and (B) all
other property in the Trust Fund, any such appraisal to be conducted by an
appraiser mutually agreed upon by the Company and the Trustee, or (ii) the
later of the final payment or other liquidation (or any advance with respect
thereto) of the last Mortgage Loan remaining in the Trust Fund or the
disposition of all property acquired upon foreclosure in respect of any
Mortgage Loan, and the payment to Certificateholders of all amounts required
to be paid to them hereunder; provided, however, that in no event shall the
trusts created hereby continue beyond the expiration of 21 years from the
death of the survivor of the issue of Joseph P. Kennedy, the late ambassador
of the United States to the Court of St. James, living on the date hereof.
The Company may repurchase the outstanding Mortgage Loans and any
Mortgaged Properties acquired by the Trust Fund at the price stated in clause
(i) of the preceding paragraph provided that the aggregate Principal Balance
of the Mortgage Loans at the time of any such repurchase aggregates less than
ten percent of the aggregate Principal Balance of the Mortgage Loans as of
the Cut-Off Date. If such right is exercised, the Company shall provide to
the Trustee (and to the Master Servicer, if the Company is no longer acting
as Master Servicer) the written certification of an officer of the Company
(which certification shall include a statement to the effect that all amounts
required to be paid in order to repurchase the Mortgage Loans have been
deposited in the Certificate Account) and the Trustee shall promptly execute
all instruments as may be necessary to release and assign to the Company the
Mortgage Files and any foreclosed Mortgaged Property pertaining to the Trust
Fund.
In no event shall the Company be required to expend any amounts other
than those described in the first paragraph of this Section 9.01(a) in order
to terminate the Trust Fund or repurchase the Mortgage Loans under this
Section 9.01.
(b) Notice of any termination, specifying the date upon which the
Certificateholders may surrender their Certificates to the Trustee for
payment and cancellation, shall be given promptly by letter from the Trustee
to Certificateholders mailed not less than 30 days prior to such final
distribution, specifying (i) the date upon which final payment of the
Certificates will be made upon presentation and surrender of Certificates at
the office of the Certificate Registrar therein designated (the "Termination
Date"), (ii) the amount of such final payment (the "Termination Payment") and
(iii) that the Record Date otherwise applicable to the Distribution Date upon
which the Termination Date occurs is not applicable, payments being made only
upon
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presentation and surrender of the Certificates at the office of the
Certificate Registrar therein specified. Upon any such notice, the
Certificate Account shall terminate subject to the Master Servicer's
obligation to hold all amounts payable to Certificateholders in trust without
interest pending such payment.
In the event that all of the Certificateholders shall not surrender
their Certificates for cancellation within six months after the Termination
Date, the Company shall give a second written notice to the remaining
Certificateholders to surrender their Certificates for cancellation and
receive the Termination Payment with respect thereto. If within one year
after the second notice all the Certificates shall not have been surrendered
for cancellation, the Company may take appropriate steps to contact the
remaining Certificateholders concerning surrender of their Certificates, and
the cost thereof shall be paid out of the funds and other assets which remain
in trust hereunder.
Section 9.02. ADDITIONAL TERMINATION REQUIREMENTS.
(a) In the event the Company repurchases the Mortgage Loans and exercises
its purchase option as provided in Section 9.01, the Trust Fund shall be
terminated in accordance with the following additional requirements, unless the
Company, at its own expense, obtains for the Trustee an Opinion of Counsel to
the effect that the failure of the Trust Fund to comply with the requirements of
this Section 9.02 will not (i) result in the imposition of taxes on "prohibited
transactions" of the Trust Fund as described in Section 860F of the Code, or
(ii) cause the Trust Fund to fail to qualify as a REMIC at any time that any
Certificates are outstanding:
(i) Within 90 days prior to the final Distribution Date set forth in
the notice given by the Trustee under Section 9.01, the Company, in its
capacity as agent of the Tax Matters Person shall prepare the documentation
required and adopt a plan of complete liquidation on behalf of the Trust
Fund meeting the requirements of a qualified liquidation under Section 860F
of the Code and any regulations thereunder, as evidenced by an Opinion of
Counsel obtained at the expense of the Company, on behalf of the Trust
Fund; and
(ii) At or after the time of adoption of such a plan of complete
liquidation and at or prior to the final Distribution Date, the Master
Servicer as agent of the Trustee shall sell all of the assets of the Trust
Fund to the Company for cash in the amount specified in Section 9.01;
provided, however, that in the event that a calendar quarter ends after the
time of adoption of such a plan of complete liquidation but prior to the
final Distribution Date, the Master Servicer shall not sell any of the
assets of the Trust Fund prior to the close of that calendar quarter.
(b) By its acceptance of any Residual Certificate, the Holder thereof
hereby agrees to authorize the Company to adopt such a plan of complete
liquidation upon the written request of the Company and to take such other
action in connection therewith as may be reasonably requested by the Company.
Section 9.03. TRUST IRREVOCABLE. Except as expressly provided herein, the
trust created hereby is irrevocable.
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ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. AMENDMENT.
(a) This Agreement may be amended from time to time by the Master
Servicer, the Company and the Trustee, without the consent of any of the
Certificateholders, (i) to cure any ambiguity; (ii) to correct or supplement any
provision herein which may be defective or inconsistent with any other
provisions herein; (iii) to comply with any requirements imposed by the Code or
any regulations thereunder; (iv) to correct the description of any property at
any time included in the Trust Fund, or to assure the conveyance to the Trustee
of any property included in the Trust Fund; and (v) pursuant to Section
5.01(c)(v). No such amendment (other than one entered into pursuant to clause
(iii) of the preceding sentence) shall adversely affect in any material respect
the interest of any Certificateholder. Prior to entering into any amendment
without the consent of Certificateholders pursuant to this paragraph, the
Trustee may require an Opinion of Counsel to the effect that such amendment is
permitted under this paragraph. The placement of an "original issue discount"
legend on, or any change required to correct any such legend previously place
on, a Certificate shall not be deemed any amendment to this Agreement.
(b) This Agreement may also be amended from time to time by the Master
Servicer, the Company and the Trustee with the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less than 66% of
the Trust Fund for the purpose of adding any provisions to, or changing in
any manner or eliminating any of the provisions of, this Agreement or of
modifying in any manner the rights of the Certificateholders; provided,
however, that no such amendment shall, without the consent of the Holder of
each Certificate affected thereby (i) reduce in any manner the amount of, or
delay the timing of, distributions of principal or interest required to be
made hereunder or reduce the Certificateholder's Percentage Interest, the
Remittance Rate or the Termination Payment with respect to any of the
Certificates, (ii) reduce the percentage of Percentage Interests specified in
this Section 10.01 which are required to amend this Agreement, (iii) create
or permit the creation of any lien against any part of the Trust Fund, or
(iv) modify any provision in any way which would permit an earlier retirement
of the Certificates.
Promptly after the execution of any such amendment, the Trustee shall
furnish written notification of the substance of such amendment to each
Certificateholder. Any failure to provide such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such
amendment.
It shall not be necessary for the consent of Certificateholders under
this Section 10.01 to approve the particular form of any proposed amendment,
but it shall be sufficient if such consent shall approve the substance
thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders shall be subject
to such reasonable regulations as the Trustee may prescribe.
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Section 10.02. RECORDATION OF AGREEMENT. To the extent permitted by
applicable law, this Agreement is subject to recordation in all appropriate
public offices for real property records in all the counties or the
comparable jurisdictions in which any Mortgaged Property is situated, and in
any other appropriate public recording office or elsewhere, such recordation
to be effected by the Company and at its expense on direction by the Trustee,
but only upon direction accompanied by an Opinion of Counsel to the effect
that such recordation materially and beneficially affects the interests of
the Certificateholders.
Section 10.03. LIMITATION ON RIGHTS OF CERTIFICATEHOLDERS. The death or
incapacity of any Certificateholder shall not operate to terminate this
Agreement, the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any action or
proceeding in any court for a partition or winding-up of the Trust Fund, nor
otherwise affect the rights, obligations and liabilities of the parties hereto
or any of them.
No Certificateholder shall have any right to vote or in any manner
otherwise to control the operation and management of the Trust Fund or the
obligations of the parties hereto (except as provided in Section 5.09,
Section 7.01, Section 8.01, Section 8.02, Section 8.07, Section 10.01 and
this Section 10.03), nor shall anything herein set forth, or contained in the
terms of the Certificates, be construed so as to constitute the
Certificateholders from time to time as partners or members of an
association; nor shall any Certificateholder be under any liability to any
third person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or by availing of
any provision of this Agreement to institute any suit, action or proceeding
in equity or at law upon or under or with respect to this Agreement, unless
such Holder previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided, and unless
also the Holders of Certificates evidencing Percentage Interests aggregating
not less than 25% of the Trust Fund shall have made written request upon the
Trustee to institute such action, suit or proceeding in its own name as
Trustee hereunder and shall have offered to the Trustee such reasonable
indemnity as it may require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after its receipt
of such notice, request and offer of indemnity, shall have neglected or
refused to institute any such action, suit or proceeding. However, the
Trustee is under no obligation to exercise any of the extraordinary trusts or
powers vested in it by this Agreement or to make any investigation of matters
arising hereunder or to institute, conduct or defend any litigation hereunder
or in relation hereto at the request, order or direction of any of the
Certificateholders unless such Certificateholders have offered to the Trustee
reasonable security or indemnity against the costs, expenses and liabilities
which may be incurred therein or thereby. It is understood and intended, and
expressly covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by virtue or by
availing of any provision of this Agreement to affect, disturb or prejudice
the rights of the Holders of any other of such Certificates, or to obtain or
seek to obtain priority over or preference to any other such Holder, or to
enforce any right under this Agreement, except in the manner herein provided
and for the equal, ratable and common benefit of all Certificateholders. For
the protection and enforcement of the provisions of this Section 10.03, each
and every Certificateholder and the
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Trustee shall be entitled to such relief as can be given either at law or in
equity.
Section 10.04. ACCESS TO LIST OF CERTIFICATEHOLDERS. The Certificate
Registrar shall furnish or cause to be furnished to the Trustee, within 30
days after receipt of a request by the Trustee in writing, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment of
distributions to such Certificateholders.
If three or more Certificateholders (hereinafter referred to as
"applicants") apply in writing to the Trustee, and such application states
that the applicants desire to communicate with other Certificateholders with
respect to their rights under this Agreement or under the Certificates and is
accompanied by a copy of the communication which such applicants propose to
transmit, then the Trustee shall, within five Business Days after the receipt
of such list from the Certificate Registrar, afford such applicants access
during normal business hours to the most recent list of Certificateholders
held by the Trustee. If such a list is as of a date more than 90 days prior
to the date of receipt of such applicants' request, the Trustee shall
promptly request from the Certificate Registrar a current list as provided
above, and shall afford such applicants access to such list promptly upon
receipt.
Every Certificateholder, by receiving and holding the same, agrees with
the Master Servicer and the Trustee that neither the Master Servicer nor the
Trustee shall be held accountable by reason of the disclosure of any such
information as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information was derived.
Section 10.05. GOVERNING LAW. This Agreement shall be construed in
accordance with the laws of the State of New York and the obligations, rights
and remedies of the parties hereunder shall be determined in accordance with
such laws.
Section 10.06. NOTICES. All demands, notices and communications
hereunder shall be in writing and shall be deemed to have been duly given if
personally delivered at or mailed by registered or certified mail to (a) in
the case of the Company, 75 North Fairway Drive, Vernon Hills, Illinois
60061, Attention: General Counsel (with a copy directed to the attention of
the Master Servicing Department) or such other address as may hereafter be
furnished to the Trustee in writing by the Company, (b) in the case of the
Trustee, at its Corporate Trust Office, or such other address as may
hereafter be furnished to the Master Servicer in writing by the Trustee, (c)
in the case of the Certificate Registrar, at its Corporate Trust Office, or
such other address as may hereafter be furnished to the Trustee in writing by
the Certificate Registrar, (d) in the case of S&P, 26 Broadway, 15th Floor,
New York, New York 10004, Attention: Frank Raiter, or such other address as
may hereafter be furnished to the Trustee and Master Servicer in writing by
S&P and (e) in the case of DCR, 55 E. Monroe Street, 38th Floor, Chicago,
Illinois 60603, Attention: Residential Mortgages, or such other address as
may hereafter be furnished to the Trustee and Master Servicer in writing by
DCR. Notices to the Rating Agencies shall also be deemed to have been duly
given if mailed by first class mail, postage prepaid, to the above listed
addresses of the Rating Agencies. Any notice required or permitted to be
mailed to a Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the Certificate
124
<PAGE>
Register. Any notice so mailed within the time prescribed in this Agreement
shall be conclusively presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.07. SEVERABILITY OF PROVISIONS. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity
or enforceability of the other provisions of this Agreement or of the
Certificates or the rights of the Holders thereof.
Section 10.08. COUNTERPART SIGNATURES. For the purpose of facilitating
the recordation of this Agreement as herein provided and for other purposes,
this Agreement may be executed simultaneously in any number of counterparts,
each of which counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 10.09. BENEFITS OF AGREEMENT. Nothing in this Agreement or in
any Certificate, expressed or implied, shall give to any Person, other than
the parties hereto and their respective successors hereunder, any separate
trustee or co-trustee appointed under Section 8.10 and the
Certificateholders, any benefit or any legal or equitable right, remedy or
claim under this Agreement.
Section 10.10. NOTICES AND COPIES TO RATING AGENCIES.
(a) The Trustee shall notify the Rating Agencies of the occurrence of any
of the following events, in the manner provided in Section 10.06:
(i) the occurrence of an Event of Default pursuant to Section 7.01,
subject to the provisions of Section 8.01(d);
(ii) the appointment of a successor Master Servicer pursuant to
Section 7.02;
(b) The Master Servicer shall notify the Rating Agencies of the occurrence
of any of the following events, or in the case of clauses (iii), (iv), (vii) and
(viii) promptly upon receiving notice thereof, in the manner provided in Section
10.06:
(i) any amendment of this Agreement pursuant to Section 10.01;
(ii) the appointment of a successor Trustee pursuant to Section 8.08;
(iii) the filing of any claim under or the cancellation or
modification of any fidelity bond and errors and omissions coverage
pursuant to Section 3.01 and Section 3.06 with respect to the Master
Servicer or any Servicer;
(iv) any change in the location of the Certificate Account, any
Custodial Account for P&I or any Custodial Account for Reserves;
(v) the repurchase of any Mortgage Loan pursuant to a Purchase
Obligation or
125
<PAGE>
the repurchase of the outstanding Mortgage Loans pursuant to
Section 9.01;
(vi) the occurrence of the final Distribution Date or the termination
of the trust pursuant to Section 9.01(a)(ii);
(vii) the failure of the Master Servicer to make a Monthly P&I
Advance following a determination on the Determination Date that the Master
Servicer would make such advance pursuant to Section 4.03; and
(viii) the failure of the Master Servicer to make a determination
on the Determination Date regarding whether it would make a Monthly P&I
Advance when a shortfall exists between (x) payments scheduled to be
received in respect of the Mortgage Loans and (y) the amounts actually
deposited in the Certificate Account on account of such payments, pursuant
to Section 4.03.
The Master Servicer shall provide copies of the statements pursuant to
Section 4.02, Section 3.12, Section 3.13 or Section 3.15 or any other
statements or reports to the Rating Agencies in such time and manner that
such statements or determinations are required to be provided to
Certificateholders. With respect to the reports described in the second
paragraph of Section 4.02, the Master Servicer shall provide such reports to
the Rating Agencies in respect of each Distribution Date, without regard to
whether any Certificateholder or the Trustee has requested such report for
such Distribution Date.
126
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have caused their names
to be signed hereto by their respective officers, thereunto duly authorized,
and their respective seals, duly attested, to be hereunto affixed, all as of
the day and year first above written.
PNC MORTGAGE SECURITIES CORP.
(SEAL)
By: /s/ Michael A. Aaknes
----------------------------
Michael A. Aaknes
Attest: Its: Assistant Vice President
U.S. BANK NATIONAL ASSOCIATION,
as TRUSTEE
(SEAL)
By: /s/ C. Hatfield
----------------------------
Attest: Its: Vice President
<PAGE>
ACKNOWLEDGEMENT OF CORPORATION
STATE OF ILLINOIS )
) SS.
COUNTY OF LAKE )
On this ___ day of September, 1997 before me, a Notary Public in and for
said State, personally appeared , known to me to be the of PNC MORTGAGE
SECURITIES CORP.-, one of the corporations that executed the within interest,
and also known to me to be the person who executed it on behalf of said
Corporation, and acknowledged to me that such corporation executed the within
instrument pursuant to its By-Laws or a resolution of its Board of Directors.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in the certificate first above written.
________________________________________
Notary Public
(SEAL)
<PAGE>
(Page Intentionally Left Blank)
<PAGE>
CERTIFICATE OF ACKNOWLEDGEMENT
STATE OF MINNESOTA )
) SS.
COUNTY OF ___________ )
On this ____ day of November, 1997 before me, a Notary Public in and for
said State, personally appeared ___________________________, personally known to
me (or proved to me on the basis of satisfactory evidence) to be the person(s)
whose name(s) is/are subscribed to the within instrument and acknowledged to me
that he/she/they executed the same in his/her/their authorized capacity(ies),
and that by his/her/their signature(s) on the instrument the person(s), or the
entity upon behalf of which the person(s) acted, executed the instrument.
WITNESS my hand and official seal.
Signature ______________________________________________ (SEAL)
<PAGE>
(Page Intentionally Left Blank)
<PAGE>
(Page Intentionally Left Blank)
<PAGE>
Exhibit A-I-A-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class I-A-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 7.000% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 100% of the Basic Prepayment Assumption as described in
the Prospectus Supplement), this Certificate has been issued with original issue
discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Basic Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class I-A-1 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class I-A-1 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class I-A-1 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-1
<PAGE>
Exhibit A-C-B-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 7.000% per annum.
IN THE CASE OF ANY CLASS C-B-1 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-1
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class C-B-1 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-1 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class C-B-1 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-1 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-2
<PAGE>
Exhibit A-C-B-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 7.000% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 100% of the Basic Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Basic Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS C-B-2 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-2
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class C-B-2 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-2 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class C-B-2 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-2 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-3
<PAGE>
Exhibit A-C-B-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 7.000% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 100% of the Basic Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Basic Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS C-B-3 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-3
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class C-B-3 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-3 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class C-B-3 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-3 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-4
<PAGE>
Exhibit A-C-B-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 7.000% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 100% of the Basic Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Basic Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS C-B-4 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-4
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class C-B-4 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-4 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class C-B-4 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-4 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-5
<PAGE>
Exhibit A-C-B-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 7.000% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 100% of the Basic Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Basic Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS C-B-5 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-5
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class C-B-5 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-5 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$____________________________________________
Class C-B-5 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-5 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-6
<PAGE>
Exhibit A-C-B-6
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class C-B-6
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 7.000% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 100% of the Basic Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Basic Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS C-B-6 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS C-B-6
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class C-B-6 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class C-B-6 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class C-B-6 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class C-B-6 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-7
<PAGE>
Exhibit A-I-X
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class I-X
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 7.000% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 100% of the Basic Prepayment Assumption as described in
the Prospectus Supplement), this Certificate has been issued with original issue
discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Basic Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class I-X Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class I-X Remittance Rate: 7.000% applied to the Class I-X Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class I-X Principal Balance
as of the Cut-Off Date: $0.00
Class I-X Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-8
<PAGE>
Exhibit A-I-P
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class I-P
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. Interest is
not payable with respect to this Certificate. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 100% of the Basic Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Basic Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class I-P Principal Balance as of the
Cut-Off Date evidenced by this Certificate:
$___________________________________________
Class I-P Remittance Rate: 0.00%
Cut-Off Date: February 1, 1998
First Distribution Date: February 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class I-P Principal Balance as of the Cut-Off Date:
__________________
Registered Owner
Certificate No. _________
A-9
<PAGE>
Exhibit A-II-A-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class II-A-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998.
[Assuming that the Mortgage Loans underlying the Certificates prepay at the
prepayment assumption used by the issuer in pricing this Certificate (I.E., 100%
of the Basic Prepayment Assumption as described in the Prospectus Supplement),
this Certificate has been issued with original issue discount ("OID") of no more
than $ per $100,000 of initial Certificate Principal Balance, the
yield to maturity is %, and the amount of OID attributable to the short
period is not more than $ per $100,000 of initial Certificate
Principal Balance, computed under the exact method. No representation is made
that the Mortgage Loans will prepay at a rate based on the Basic Prepayment
Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class II-A-1 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class II-A-1 Remittance Rate: 7.000%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: February 25, 2013
Class II-A-1 Principal Balance as of the Cut-Off Date:
__________________
Registered Owner
Certificate No. _________
A-10
<PAGE>
Exhibit A-II-P
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class II-P
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. Interest is
not payable with respect to this Certificate. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 100% of the Basic Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Basic Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class II-P Principal Balance as of the
Cut-Off Date evidenced by this Certificate:
$_____________________________________________
Class II-P Remittance Rate: 0.00%
Cut-Off Date: February 1, 1998
First Distribution Date: February 25, 1998
Last Scheduled Distribution Date: February 25, 2013
Class II-P Principal Balance as of the Cut-Off Date:
__________________
Registered Owner
Certificate No. _________
A-11
<PAGE>
Exhibit A-II-X
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class II-X
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 7.000% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 100% of the Basic Prepayment Assumption as described in
the Prospectus Supplement), this Certificate has been issued with original issue
discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Basic Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class II-X Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class II-X Remittance Rate: 7.000% applied to the Class II-X Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: February 25, 2013
Class II-X Principal Balance
as of the Cut-Off Date: $0.00
Class II-X Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-12
<PAGE>
Exhibit A-III-A-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-1 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-1 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-1 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-13
<PAGE>
Exhibit A-III-A-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-2 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-2 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-2 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-14
<PAGE>
Exhibit A-III-A-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-3 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-3 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-3 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-15
<PAGE>
Exhibit A-III-A-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-4 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-4 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-4 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-16
<PAGE>
Exhibit A-III-A-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-5 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-5 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-5 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-17
<PAGE>
Exhibit A-III-A-6
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-6
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-6 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-6 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-6 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-18
<PAGE>
Exhibit A-III-A-7
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-A-7
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class III-A-7 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class III-A-7 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-A-7 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-19
<PAGE>
Exhibit A-III-B-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 275% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-1 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-1
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class III-B-1 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-1 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-1 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-1 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-20
<PAGE>
Exhibit A-III-B-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 275% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-2 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-2
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class III-B-2 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-2 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-2 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-2 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-21
<PAGE>
Exhibit A-III-B-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 275% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-3 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-3
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class III-B-3 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-3 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-3 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-3 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-22
<PAGE>
Exhibit A-III-B-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 275% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-4 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-4
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class III-B-4 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-4 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-4 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-4 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-23
<PAGE>
Exhibit A-III-B-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 275% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-5 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-5
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class III-B-5 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-5 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-5 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-5 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-24
<PAGE>
Exhibit A-III-B-6
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-B-6
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 275% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS III-B-6 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS III-B-6
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class III-B-6 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class III-B-6 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-B-6 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-B-6 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-25
<PAGE>
Exhibit A-III-X
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-X
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 275% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class III-X Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class III-X Remittance Rate: 6.750% applied to the Class III-X Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-X Principal Balance
as of the Cut-Off Date: $0.00
Class III-X Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-26
<PAGE>
Exhibit A-III-P
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class III-P
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. Interest is
not payable with respect to this Certificate. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 275% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class III-P Principal Balance as of the
Cut-Off Date evidenced by this Certificate:
$_________________________________________
Class III-P Remittance Rate: 0.00% $
Cut-Off Date: February 1, 1998
First Distribution Date: February 25, 1998
Last Scheduled Distribution Date: March 25, 2013
Class III-P Principal Balance as of the Cut-Off Date:
__________________
Registered Owner
Certificate No. _________
A-27
<PAGE>
Exhibit A-IV-A-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-A-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 210% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class IV-A-1 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class IV-A-1 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-A-1 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-28
<PAGE>
Exhibit A-IV-A-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-A-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (i.e., 210% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount of
OID attributable to the short period is not more than $ per $100,000
of initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class IV-A-2 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class IV-A-2 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-A-2 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-29
<PAGE>
Exhibit A-IV-B-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 210% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-1 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-1
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class IV-B-1 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-1 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-1 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-1 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-30
<PAGE>
Exhibit A-IV-B-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 210% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-2 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-2
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class IV-B-2 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-2 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-2 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-2 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-31
<PAGE>
Exhibit A-IV-B-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.750% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (i.e., 210% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than $
per $100,000 of initial Certificate Principal Balance, computed under
the exact method. No representation is made that the Mortgage Loans will prepay
at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-3 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-3
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class IV-B-3 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-3 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-3 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-3 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-32
<PAGE>
Exhibit A-IV-B-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 210% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-4 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-4
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class IV-B-4 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-4 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-4 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-4 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-33
<PAGE>
Exhibit A-IV-B-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 210% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-5 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-5
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class IV-B-5 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-5 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-5 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-5 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-34
<PAGE>
Exhibit A-IV-B-6
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-B-6
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.750% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 210% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS IV-B-6 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS IV-B-6
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class IV-B-6 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class IV-B-6 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-B-6 Remittance Rate: 6.750%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-B-6 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-35
<PAGE>
Exhibit A-IV-X
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-X
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.750% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 210% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class IV-X Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class IV-X Remittance Rate: 6.750% applied to the Class IV-X Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-X Principal Balance
as of the Cut-Off Date: $0.00
Class IV-X Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-36
<PAGE>
Exhibit A-IV-P
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class IV-P
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. Interest is
not payable with respect to this Certificate. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 210% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class IV-P Principal Balance as of the
Cut-Off Date evidenced by this Certificate:
$_________________________________________
Class IV-P Remittance Rate: 0.00% $
Cut-Off Date: February 1, 1998
First Distribution Date: February 25, 1998
Last Scheduled Distribution Date: December 25, 2027
Class IV-P Principal Balance as of the Cut-Off Date:
__________________
Registered Owner
Certificate No. _________
A-37
<PAGE>
Exhibit A-V-A-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-A-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625%. [Assuming that the Mortgage Loans underlying the Certificates prepay
at the prepayment assumption used by the issuer in pricing this Certificate
(I.E., 250% of the Standard Prepayment Assumption as described in the Prospectus
Supplement), this Certificate has been issued with original issue discount
("OID") of no more than $ per $100,000 of initial Certificate
Principal Balance, the yield to maturity is %, and the amount of OID
attributable to the short period is not more than $ per $100,000 of
initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class V-A-1 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class V-A-1 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-A-1 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-38
<PAGE>
Exhibit A-V-A-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-A-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625%. [Assuming that the Mortgage Loans underlying the Certificates prepay
at the prepayment assumption used by the issuer in pricing this Certificate
(I.E., 250% of the Standard Prepayment Assumption as described in the Prospectus
Supplement), this Certificate has been issued with original issue discount
("OID") of no more than $ per $100,000 of initial Certificate
Principal Balance, the yield to maturity is %, and the amount of OID
attributable to the short period is not more than $ per $100,000 of
initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class V-A-2 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class V-A-2 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-A-2 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-39
<PAGE>
Exhibit A-V-A-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-A-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625%. [Assuming that the Mortgage Loans underlying the Certificates prepay
at the prepayment assumption used by the issuer in pricing this Certificate
(I.E., 250% of the Standard Prepayment Assumption as described in the Prospectus
Supplement), this Certificate has been issued with original issue discount
("OID") of no more than $ per $100,000 of initial Certificate
Principal Balance, the yield to maturity is %, and the amount of OID
attributable to the short period is not more than $ per $100,000 of
initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class V-A-3 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class V-A-3 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-A-3 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-40
<PAGE>
Exhibit A-V-A-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-A-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625%. [Assuming that the Mortgage Loans underlying the Certificates prepay
at the prepayment assumption used by the issuer in pricing this Certificate
(I.E., 250% of the Standard Prepayment Assumption as described in the Prospectus
Supplement), this Certificate has been issued with original issue discount
("OID") of no more than $ per $100,000 of initial Certificate
Principal Balance, the yield to maturity is %, and the amount of OID
attributable to the short period is not more than $ per $100,000 of
initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class V-A-4 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class V-A-4 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-A-4 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-41
<PAGE>
Exhibit A-V-A-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-A-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625%. [Assuming that the Mortgage Loans underlying the Certificates prepay
at the prepayment assumption used by the issuer in pricing this Certificate
(I.E., 250% of the Standard Prepayment Assumption as described in the Prospectus
Supplement), this Certificate has been issued with original issue discount
("OID") of no more than $ per $100,000 of initial Certificate
Principal Balance, the yield to maturity is %, and the amount of OID
attributable to the short period is not more than $ per $100,000 of
initial Certificate Principal Balance, computed under the exact method. No
representation is made that the Mortgage Loans will prepay at a rate based on
the Standard Prepayment Assumption or any other rate.]
Unless this Certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its
agent for registration of transfer, exchange, or payment, and any Certificate
issued is registered in the name of Cede & Co. or such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.
Series 1998-2 Portion of the Class V-A-5 Principal Balance as of
the Cut-Off Date Evidenced by this Certificate:
$__________________________________________
Class V-A-5 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-A-5 Principal Balance
as of the Cut-Off Date: $[ ]
Cede & Co.
Registered Owner
A-42
<PAGE>
Exhibit A-V-B-1
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.625% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 250% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-1 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-1
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class V-B-1 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-1 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-1 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-1 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-43
<PAGE>
Exhibit A-V-B-2
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.625% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 250% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-2 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-2
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class V-B-2 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-2 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-2 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-2 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-44
<PAGE>
Exhibit A-V-B-3
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-3
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Issue Date") of this Certificate is February 27,
1998. The rate at which interest is payable as of the Issue Date with respect to
this Certificate is 6.625% per annum. [Assuming that the Mortgage Loans
underlying the Certificates prepay at the prepayment assumption used by the
issuer in pricing this Certificate (I.E., 250% of the Standard Prepayment
Assumption as described in the Prospectus Supplement), this Certificate has been
issued with original issue discount ("OID") of no more than $ per
$100,000 of initial Certificate Principal Balance, the yield to maturity is
%, and the amount of OID attributable to the short period is not more than
$ per $100,000 of initial Certificate Principal Balance, computed
under the exact method. No representation is made that the Mortgage Loans will
prepay at a rate based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-3 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-3
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY.
The Class V-B-3 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-3 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-3 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-3 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-45
<PAGE>
Exhibit A-V-B-4
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-4
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.625% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 250% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-4 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-4
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class V-B-4 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-4 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-4 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-4 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-46
<PAGE>
Exhibit A-V-B-5
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-5
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.625% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 250% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-5 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-5
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class V-B-5 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-5 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-5 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-5 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-47
<PAGE>
Exhibit A-V-B-6
CUSIP [ ]
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-B-6
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended (the
"Code"). The issue date (the "Date") of this Certificate is February 27, 1998.
The rate at which interest is payable as of the Issue Date with respect to this
Certificate is 6.625% per annum. [Assuming that the Mortgage Loans underlying
the Certificates prepay at the prepayment assumption used by the issuer in
pricing this Certificate (i.e., 250% of the Standard Prepayment Assumption as
described in the Prospectus Supplement), this Certificate has been issued with
original issue discount ("OID") of no more than $ per $100,000 of
initial Certificate Principal Balance, the yield to maturity is %, and the
amount of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
IN THE CASE OF ANY CLASS V-B-6 CERTIFICATE PRESENTED FOR REGISTRATION IN
THE NAME OF AN EMPLOYEE BENEFIT OR OTHER PLAN SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE (OR COMPARABLE
PROVISIONS OF ANY SUBSEQUENT ENACTMENTS) (A "PLAN"), A TRUSTEE OF ANY SUCH
PLAN, OR ANY OTHER PERSON WHO IS USING "PLAN ASSETS" OF ANY SUCH PLAN TO
EFFECT SUCH ACQUISITION, THE TRUSTEE SHALL REQUIRE, EXCEPT AS OTHERWISE SET
FORTH IN SECTION 5.01(d) OF THE POOLING AGREEMENT, AN OPINION OF COUNSEL
ACCEPTABLE TO AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE
COMPANY TO THE EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS V-B-6
CERTIFICATE IS PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY (INCLUDING
OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER
SERVICER OR THE COMPANY. THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES
MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF REGISTRATION OR THE AVAILABILITY OF AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND EXCEPT IN ACCORDANCE WITH
SECTION 5.01(e) OF THE POOLING AGREEMENT.
The Class V-B-6 Certificates will be subordinate in right of payment to and
provide credit support to certain Classes of Certificates, as described in the
Pooling Agreement.
Series 1998-2 Portion of the Class V-B-6 Principal Balance as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-B-6 Remittance Rate: 6.625%
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-B-6 Principal Balance
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-48
<PAGE>
Exhibit A-V-X-1
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-X-1
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 250% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class V-X-1 Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-X-1 Remittance Rate: 6.625% applied to the Class V-X-1 Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-X-1 Principal Balance
as of the Cut-Off Date: $0.00
Class V-X-1 Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-49
<PAGE>
Exhibit A-V-X-2
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class V-X-2
Evidencing a Percentage Interest in a trust fund whose assets consist of, among
other things, a pool of conventional one- to four-family mortgage loans formed
and administered by
PNC MORTGAGE SECURITIES CORP.
This Certificate represents ownership of a "regular interest" in a "real estate
mortgage investment conduit," as those terms are defined in Sections 860G and
860D, respectively, of the Internal Revenue Code of 1986, as amended. The issue
date (the "Issue Date") of this Certificate is February 27, 1998. The rate at
which interest is payable as of the Issue Date with respect to this Certificate
is 6.625% per annum. [Assuming that the Mortgage Loans underlying the
Certificates prepay at the prepayment assumption used by the issuer in pricing
this Certificate (I.E., 250% of the Standard Prepayment Assumption as described
in the Prospectus Supplement), this Certificate has been issued with original
issue discount ("OID") of no more than $ per $100,000 of initial
Certificate Principal Balance, the yield to maturity is %, and the amount
of OID attributable to the short period is not more than $ per
$100,000 of initial Certificate Principal Balance, computed under the exact
method. No representation is made that the Mortgage Loans will prepay at a rate
based on the Standard Prepayment Assumption or any other rate.]
Series 1998-2 Portion of the Class V-X-2 Notional Amount as of the
Cut-Off Date Evidenced by this Certificate:
$_________________________________________
Class V-X-2 Remittance Rate: 6.625% applied to the Class V-X-2 Notional Amount
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class V-X-2 Principal Balance
as of the Cut-Off Date: $0.00
Class V-X-2 Notional Amount
as of the Cut-Off Date: $[ ]
__________________
Registered Owner
Certificate No. _________
A-50
<PAGE>
Exhibit B
CUSIP
MORTGAGE PASS-THROUGH CERTIFICATE
Class R
Evidencing a Percentage Interest in certain distributions with respect to a pool
of conventional one- to four-family mortgage loans formed and administered by
PNC MORTGAGE SECURITIES CORP.
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE COMPANY AND THE
CERTIFICATE REGISTRAR THAT (1) SUCH TRANSFEREE IS NOT EITHER (A) THE UNITED
STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY
INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE
FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION
521 OF THE CODE) WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE
UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE
CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(a)(2)(C) OF THE CODE (ANY
SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B), OR (C) BEING
HEREINAFTER REFERRED TO AS A "DISQUALIFIED ORGANIZATION"), OR (D) AN AGENT OF A
DISQUALIFIED ORGANIZATION AND (2) NO PURPOSE OF SUCH TRANSFER IS TO ENABLE THE
TRANSFER TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX. SUCH AFFIDAVIT SHALL
INCLUDE CERTAIN REPRESENTATIONS AS TO THE FINANCIAL CONDITION OF THE PROPOSED
TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY
TRANSFER, SALE OR OTHER DISPOSITION OF THIS CLASS R CERTIFICATE TO A
DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH
REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND
SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE
HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS
CERTIFICATE. EACH HOLDER OF A CLASS R CERTIFICATE BY ACCEPTANCE OF THIS
CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS
PARAGRAPH.
NO TRANSFER OF ANY CLASS R CERTIFICATE SHALL BE MADE UNLESS THE TRANSFEREE
PROVIDES THE COMPANY AND THE TRUSTEE WITH AN OPINION OF COUNSEL ACCEPTABLE TO
AND IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE AND THE COMPANY TO THE
EFFECT THAT THE PURCHASE OR HOLDING OF A CLASS R CERTIFICATE IS PERMISSIBLE
UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED
TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE
TRUSTEE, THE MASTER SERVICER OR THE COMPANY TO ANY OBLIGATION OR LIABILITY
(INCLUDING OBLIGATIONS OR LIABILITIES UNDER SECTION 406 OF ERISA OR SECTION 4975
OF THE CODE) IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AGREEMENT, WHICH
OPINION OF COUNSEL SHALL NOT BE AN EXPENSE OF THE TRUSTEE, THE MASTER SERVICER,
THE TRUST FUND OR THE COMPANY.
Solely for U.S. federal income tax purposes, this Certificate represents a
"residual interest" in a "real estate mortgage investment conduit," as those
terms are defined in Sections 860G and 860D, respectively, of the Internal
Revenue Code of 1986, as amended.
Series 1998-2 Percentage Interest evidenced by this Class R
Certificate in the distributions to be made with
respect to the Class R Certificate:__________________
________________%
Class R Remittance Rate: 6.750%. Additionally the
Class R Certificates are entitled to Excess
Liquidation Proceeds and the Residual Distribution
Amount as defined in the Pooling Agreement.
Cut-Off Date: February 1, 1998
First Distribution Date: March 25, 1998
Last Scheduled Distribution Date: March 25, 2028
Class R Principal Balance as of the Cut-Off Date: $50.00
__________________
Registered Owner
Certificate No. _________
B-1
<PAGE>
(vlegal.ace v1.4) Page 1
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
EXHIBIT D
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085747 SCHNEIDER, MATTHEW 3 HOMESTEAD ROAD SIMSBURY CT 6092 $225,212.05
600085778 GENOVESIO, MICHAEL D 79 JOSEPH CIRCLE HADDAM CT 6441 $187,210.82
600085782 SCALIA, ANTHONY 200 CLAYHOR AVENUE TRAPPE PA 19426 $150,807.64
600085790 CHAWLA, GOPAL R 142 MOUNT PLEASANT A ROCKAWAY NJ 7866 $197,989.73
600085805 UYESATO, ANDREW M 5325 VILLA MALLORCA P CAMARILLO CA 93012 $137,010.74
600085819 LEE, SIMON J 4405 ARGONNE DRIVE FAIRFAX VA 22032 $177,750.74
600085835 SUMMERS, JEFFREY A 3118 NORTH 525 EAST NORTH OGDEN UT 84414 $121,070.14
600085838 UNGSON, NICK M 40816 FLETCHER RD UMATILLA FL 32784 $222,312.82
600085839 MIDDLEBROOKS, ANTHONY R 3411 DONEGAL WAY LATHONIA GA 30058 $224,055.53
600085841 HOLT, DAVID MICHAEL 404 WOOD BEACH DRIVE SANTA ROSA BEAC FL 32459 $96,592.81
600085849 SCOTT, JOHN A 7708 WEST BLUEFIELD A GLENDALE AZ 85308 $217,572.65
600085861 LEGAULT, RAYMOND L 271 VIA TEMPESTO STR HENDERSON NV 89014 $223,234.65
600085865 NORTH, WAYNE A 25426 SE 42ND PLACE ISSAQUAH WA 98029 $202,345.89
600085867 KING, TIMOTHY K 6013 27TH AVENUE NE SEATTLE WA 98115 $211,058.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085747 SCHNEIDER, MATTHEW 7.875 .250 7.625 .0400 7.585 09/01/2027
600085778 GENOVESIO, MICHAEL D 7.875 .250 7.625 .0400 7.585 08/01/2027
600085782 SCALIA, ANTHONY 7.875 .250 7.625 .0400 7.585 08/01/2027
600085790 CHAWLA, GOPAL R 7.875 .250 7.625 .0400 7.585 09/01/2017
600085805 UYESATO, ANDREW M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085819 LEE, SIMON J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085835 SUMMERS, JEFFREY A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085838 UNGSON, NICK M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085839 MIDDLEBROOKS, ANTHONY R 7.875 .250 7.625 .0400 7.585 08/01/2027
600085841 HOLT, DAVID MICHAEL 7.875 .250 7.625 .0400 7.585 08/01/2027
600085849 SCOTT, JOHN A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085861 LEGAULT, RAYMOND L 7.875 .250 7.625 .0400 7.585 08/01/2027
600085865 NORTH, WAYNE A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085867 KING, TIMOTHY K 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085747 SCHNEIDER, MATTHEW 1114019169 $1,638.66 02/01/1998 360
600085778 GENOVESIO, MICHAEL D 1500339125 $1,363.14 02/01/1998 360
600085782 SCALIA, ANTHONY 1500353920 $1,098.49 02/01/1998 360
600085790 CHAWLA, GOPAL R 1500357150 $1,657.35 02/01/1998 240
600085805 UYESATO, ANDREW M 1506292272 $997.70 02/01/1998 360
600085819 LEE, SIMON J 1507269505 $1,294.25 02/01/1998 360
600085835 SUMMERS, JEFFREY A 1511156910 $881.68 02/01/1998 360
600085838 UNGSON, NICK M 1511160226 $1,618.72 12 02/01/1998 360
600085839 MIDDLEBROOKS, ANTHONY R 1511161105 $1,631.41 02/01/1998 360
600085841 HOLT, DAVID MICHAEL 1511162174 $703.32 02/01/1998 360
600085849 SCOTT, JOHN A 1512140632 $1,584.28 14 02/01/1998 360
600085861 LEGAULT, RAYMOND L 1513165639 $1,631.41 12 02/01/1998 360
600085865 NORTH, WAYNE A 1513167146 $1,473.35 02/01/1998 360
600085867 KING, TIMOTHY K 1513168874 $1,537.15 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085747 SCHNEIDER, MATTHEW .00 .00 .00 .000 .250 .290 $282,500.00 N
600085778 GENOVESIO, MICHAEL D .00 .00 .00 .000 .250 .290 $235,000.00 N
600085782 SCALIA, ANTHONY .00 .00 .00 .000 .250 .290 $202,000.00 N
600085790 CHAWLA, GOPAL R .00 .00 .00 .000 .250 .290 $250,000.00 N
600085805 UYESATO, ANDREW M .00 .00 .00 .000 .250 .290 $172,000.00 N
600085819 LEE, SIMON J .00 .00 .00 .000 .250 .290 $235,000.00 N
600085835 SUMMERS, JEFFREY A .00 .00 .00 .000 .250 .290 $152,000.00 N
600085838 UNGSON, NICK M .00 .00 .00 .000 .250 .290 $235,000.00 N
600085839 MIDDLEBROOKS, ANTHONY R .00 .00 .00 .000 .250 .290 $300,000.00 N
600085841 HOLT, DAVID MICHAEL .00 .00 .00 .000 .250 .290 $138,900.00 N
600085849 SCOTT, JOHN A .00 .00 .00 .000 .250 .290 $230,000.00 N
600085861 LEGAULT, RAYMOND L .00 .00 .00 .000 .250 .290 $250,000.00 N
600085865 NORTH, WAYNE A .00 .00 .00 .000 .250 .290 $254,000.00 N
600085867 KING, TIMOTHY K .00 .00 .00 .000 .250 .290 $265,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 2
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085872 DREWS, KARL D 6212 ELLA LEE LANE HOUSTON TX 77057 $222,312.85
600085873 WHITLEY, III WELTON 14431 CHESTNUT FALLS D CYPRESS TX 77429 $83,258.69
600085932 DAY, SCOTT ALAN 1427 EDGEWATER FALLS CANYON LAKE TX 78133 $149,262.30
600085935 WAITES, RICHARD CULLEN 3118 KETTERING DRIVE HOUSTON TX 77027 $221,544.19
600085939 FERRANTE, DANIEL T 2300 PINEHURST DRIVE FLOWER MOUND TX 75028 $119,581.59
600085940 TOMPKINS, LOIS L 6719 151ST AVE NE REDMOND WA 98052 $171,278.01
600085942 REIFF, JR PAUL 18513 SE 277TH PL KENT WA 98042 $209,616.60
600085945 ERICSON, VERNE A 7628 NORTH MISSISSIPP PORTLAND OR 97217 $106,750.00
600085950 COLE, ADAM M 717 CHEROKEE AVENUE ATLANTA GA 30315 $134,781.81
600085963 PHELPS, KENT C 40885 VIA CHAMPAGNE TEMECULA CA 92592 $199,302.71
600085971 LONGO, MICHAEL A 5719 NORTH INVERGORDO PARADISE VALLEY AZ 85253 $225,710.28
600085972 BALDWIN, JAMES P 14 CODORNIZ TAOS NM 87571 $207,624.82
600085983 BOTKIN, DIANA M 10479 KING CIRCLE WESTMINSTER CO 80030 $114,517.30
600085987 DONOYAN, NERSES G 6 MUSSEY BROOK ROA LINCOLN RI 2865 $89,622.19
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085872 DREWS, KARL D 7.875 .250 7.625 .0400 7.585 08/01/2027
600085873 WHITLEY, III WELTON 7.875 .250 7.625 .0400 7.585 09/01/2027
600085932 DAY, SCOTT ALAN 7.875 .250 7.625 .0400 7.585 08/01/2027
600085935 WAITES, RICHARD CULLEN 8.000 .250 7.750 .0400 7.710 09/01/2027
600085939 FERRANTE, DANIEL T 7.875 .250 7.625 .0400 7.585 09/01/2027
600085940 TOMPKINS, LOIS L 7.875 .250 7.625 .0400 7.585 08/01/2027
600085942 REIFF, JR PAUL 7.875 .250 7.625 .0400 7.585 09/01/2027
600085945 ERICSON, VERNE A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085950 COLE, ADAM M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085963 PHELPS, KENT C 7.875 .250 7.625 .0400 7.585 09/01/2027
600085971 LONGO, MICHAEL A 7.875 .250 7.625 .0400 7.585 09/01/2027
600085972 BALDWIN, JAMES P 7.875 .250 7.625 .0400 7.585 08/01/2027
600085983 BOTKIN, DIANA M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085987 DONOYAN, NERSES G 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085872 DREWS, KARL D 1521035650 $1,618.72 3 02/01/1998 360
600085873 WHITLEY, III WELTON 1521036369 $605.80 02/01/1998 360
600085932 DAY, SCOTT ALAN 1563162010 $1,087.61 02/01/1998 360
600085935 WAITES, RICHARD CULLEN 1563164570 $1,631.16 14 02/01/1998 360
600085939 FERRANTE, DANIEL T 1563165572 $870.09 02/01/1998 360
600085940 TOMPKINS, LOIS L 1565155707 $1,247.12 02/01/1998 360
600085942 REIFF, JR PAUL 1565164843 $1,525.19 02/01/1998 360
600085945 ERICSON, VERNE A 1565166055 $777.28 02/01/1998 360
600085950 COLE, ADAM M 1566104643 $981.39 02/01/1998 360
600085963 PHELPS, KENT C 1567199645 $1,450.14 02/01/1998 360
600085971 LONGO, MICHAEL A 1569174973 $1,642.29 02/01/1998 360
600085972 BALDWIN, JAMES P 1569175025 $1,511.77 02/01/1998 360
600085983 BOTKIN, DIANA M 1579056088 $833.83 02/01/1998 360
600085987 DONOYAN, NERSES G 1580056562 $652.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085872 DREWS, KARL D .00 .00 .00 .000 .250 .290 $235,000.00 N
600085873 WHITLEY, III WELTON .00 .00 .00 .000 .250 .290 $104,490.00 N
600085932 DAY, SCOTT ALAN .00 .00 .00 .000 .250 .290 $250,000.00 N
600085935 WAITES, RICHARD CULLEN .00 .00 .00 .000 .250 .290 $247,000.00 N
600085939 FERRANTE, DANIEL T .00 .00 .00 .000 .250 .290 $150,000.00 N
600085940 TOMPKINS, LOIS L .00 .00 .00 .000 .250 .290 $215,000.00 N
600085942 REIFF, JR PAUL .00 .00 .00 .000 .250 .290 $262,990.00 N
600085945 ERICSON, VERNE A .00 .00 .00 .000 .250 .290 $134,000.00 N
600085950 COLE, ADAM M .00 .00 .00 .000 .250 .290 $180,500.00 N
600085963 PHELPS, KENT C .00 .00 .00 .000 .250 .290 $400,000.00 N
600085971 LONGO, MICHAEL A .00 .00 .00 .000 .250 .290 $320,000.00 N
600085972 BALDWIN, JAMES P .00 .00 .00 .000 .250 .290 $278,000.00 N
600085983 BOTKIN, DIANA M .00 .00 .00 .000 .250 .290 $146,000.00 N
600085987 DONOYAN, NERSES G .00 .00 .00 .000 .250 .290 $152,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 3
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600086003 AHONEN, STEVEN MARK 2286 ALLEN RD ORTONVILLE MI 48462 $152,143.76
600086023 NISSLEY, STEVEN W 8513 KOLUDER COURT LORTON VA 22079 $87,630.56
600086030 HENRY, BOBBY 5160 SW 21 COURT PLANTATION FL 33317 $225,150.90
600086037 KYTE, EDWIN L 155 HIGHWAY AIA UNIT SATELLITE BEACH FL 32937 $92,277.13
600086039 PODDAR, ANAND 11123 PALMETTO BLVD ALACHUA FL 32615 $219,232.96
600086060 ALTMAN, MARTIN VAN 5519 COSTELLO AVENUE SHERMAN OAKS CA 91401 $222,312.89
600107247 HOLOBINKO 3187 MILL CREEK RD DUMONT CO 80436 $216,952.24
600107249 HUGHES 1440 FINDLAY WY BOULDER CO 80303 $217,937.51
600107252 MENDEZ 3807 BRANTLEY PLACE CI APOPKA FL 32703 $222,412.44
600107262 TIPTON 1435 WARRINGTON DEERFIELD IL 60015 $224,215.53
600107267 SHEA 444 TWIN OAKS DR CARMEL IN 46032 $222,764.38
600107269 DIAMOND 10751 BLUE SPRUCE DRIVE FISHERS IN 46038 $220,373.30
600107270 BUSH 217 W COLUMBINE WESTFIELD IN 46074 $222,830.25
600107292 LINDSEY 305 WYANT AKRON OH 44313 $219,734.39
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600086003 AHONEN, STEVEN MARK 7.875 .250 7.625 .0400 7.585 08/01/2027
600086023 NISSLEY, STEVEN W 7.875 .250 7.625 .0400 7.585 08/01/2027
600086030 HENRY, BOBBY 7.875 .250 7.625 .0400 7.585 08/01/2027
600086037 KYTE, EDWIN L 7.875 .250 7.625 .0400 7.585 09/01/2027
600086039 PODDAR, ANAND 7.875 .250 7.625 .0400 7.585 09/01/2027
600086060 ALTMAN, MARTIN VAN 7.875 .250 7.625 .0400 7.585 08/01/2027
600107247 HOLOBINKO 8.250 .250 8.000 .0500 7.950 08/01/2027
600107249 HUGHES 7.875 .250 7.625 .0500 7.575 09/01/2027
600107252 MENDEZ 7.875 .250 7.625 .0500 7.575 08/01/2027
600107262 TIPTON 7.875 .250 7.625 .0500 7.575 09/01/2027
600107267 SHEA 8.000 .250 7.750 .0500 7.700 08/01/2027
600107269 DIAMOND 7.625 .250 7.375 .0500 7.325 08/01/2027
600107270 BUSH 7.625 .250 7.375 .0500 7.325 09/01/2027
600107292 LINDSEY 7.625 .250 7.375 .0500 7.325 07/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600086003 AHONEN, STEVEN MARK 1581116229 $1,107.91 02/01/1998 360
600086023 NISSLEY, STEVEN W 1587074915 $638.07 02/01/1998 360
600086030 HENRY, BOBBY 1589122076 $1,639.39 14 02/01/1998 360
600086037 KYTE, EDWIN L 1590050937 $671.42 02/01/1998 360
600086039 PODDAR, ANAND 1590051496 $1,595.16 02/01/1998 360
600086060 ALTMAN, MARTIN VAN 1596036189 $1,618.72 1 02/01/1998 360
600107247 HOLOBINKO 092481482 $1,636.26 12 02/01/1998 360
600107249 HUGHES 092481427 $1,585.73 12 02/01/1998 360
600107252 MENDEZ 09248176777 $1,619.45 02/01/1998 360
600107262 TIPTON 092481533 $1,631.41 02/01/1998 360
600107267 SHEA 092481529 $1,641.28 02/01/1998 360
600107269 DIAMOND 092481531 $1,566.71 12 02/01/1998 360
600107270 BUSH 092481483 $1,582.99 18 02/01/1998 360
600107292 LINDSEY 092481620 $1,563.34 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600086003 AHONEN, STEVEN MARK .00 .00 .00 .000 .250 .290 $191,000.00 N
600086023 NISSLEY, STEVEN W .00 .00 .00 .000 .250 .290 $110,000.00 N
600086030 HENRY, BOBBY .00 .00 .00 .000 .250 .290 $238,000.00 N
600086037 KYTE, EDWIN L .00 .00 .00 .000 .250 .290 $123,500.00 N
600086039 PODDAR, ANAND .00 .00 .00 .000 .250 .290 $275,000.00 N
600086060 ALTMAN, MARTIN VAN .00 .00 .00 .000 .250 .290 $235,000.00 N
600107247 HOLOBINKO .00 .00 .00 .000 .250 .300 $242,000.00 N
600107249 HUGHES .00 .00 .00 .000 .250 .300 $243,000.00 N
600107252 MENDEZ .00 .00 .00 .000 .250 .300 $279,240.00 N
600107262 TIPTON .00 .00 .00 .000 .250 .300 $285,000.00 N
600107267 SHEA .00 .00 .00 .000 .250 .300 $279,600.00 N
600107269 DIAMOND .00 .00 .00 .000 .250 .300 $233,000.00 N
600107270 BUSH .00 .00 .00 .000 .250 .300 $235,450.00 N
600107292 LINDSEY .00 .00 .00 .000 .250 .300 $232,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 4
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107334 BURT 830 CASSENA RD NAPLES FL 34108 $219,232.96
600118180 FITZGERALD,TODD A. 9317 MERO ROAD SNOHOMISH WA 98290 $107,710.20
600118181 CAREY,THOMAS B 5155 NORMA AVENUE SOUTHEA SALEM OR 97306 $93,685.95
600118182 CONNELY,LINDA 2585 AUSTIN CREEK ROAD CAZADERO CA 95421 $115,732.69
600118186 GEONANGA,DAVID,MADOLIN 11 MEADOW VIEW DRIVE POMONA CA 91766 $130,345.34
600118189 KOEFF,KEITH,SHARON 3314 BIRCH STREET BAKER CITY OR 97814 $109,050.03
600118191 BARE,BRENT, CASSANDA 4171 MIDWAY AVENUE GRANTS PASS OR 97527 $102,838.56
600118193 YERGES,DONALD,JANE 605 3RD AVENUE ZIHLAH WA 98953 $71,186.18
600118195 LIGOURI,LOUIS,MARIA 9570 WINDFLOWER POINT CLEARLAKE PARK CA 95424 $149,242.90
600118196 HARVEY,MICHAEL 1228 GROVE STREET #5 SAN FRANCISCO CA 94117 $124,677.88
600118197 DICK,JOHN F.,DEBRA L 1803 N.W. 65TH STREET VANCOUVER WA 98663 $149,590.30
600118198 DICKINSON,JAN 4111 S.W. HIGHWAY 101 #8 LINCOLN CITY OR 97367 $171,533.71
600118200 HIMLER,EDWARD G. 9406-9410 N. MIDWAY AVENU PORTLAND OR 97203 $97,278.91
600118202 KING,CRAIG,VIRGINIA 1400 ADAMS STREET FAIRFIELD CA 94533 $71,828.12
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107334 BURT 7.875 .250 7.625 .0500 7.575 09/01/2027
600118180 FITZGERALD,TODD A. 8.875 .250 8.625 .0400 8.585 04/01/2027
600118181 CAREY,THOMAS B 8.500 .250 8.250 .0400 8.210 12/01/2027
600118182 CONNELY,LINDA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118186 GEONANGA,DAVID,MADOLIN 8.625 .250 8.375 .0400 8.335 12/01/2027
600118189 KOEFF,KEITH,SHARON 8.500 .250 8.250 .0400 8.210 11/01/2027
600118191 BARE,BRENT, CASSANDA 9.250 .250 9.000 .0400 8.960 11/01/2027
600118193 YERGES,DONALD,JANE 8.625 .250 8.375 .0400 8.335 09/01/2027
600118195 LIGOURI,LOUIS,MARIA 8.625 .250 8.375 .0400 8.335 10/01/2027
600118196 HARVEY,MICHAEL 8.250 .250 8.000 .0400 7.960 10/01/2027
600118197 DICK,JOHN F.,DEBRA L 8.750 .250 8.500 .0400 8.460 10/01/2027
600118198 DICKINSON,JAN 8.000 .250 7.750 .0400 7.710 10/01/2027
600118200 HIMLER,EDWARD G. 8.875 .250 8.625 .0400 8.585 10/01/2027
600118202 KING,CRAIG,VIRGINIA 8.625 .250 8.375 .0400 8.335 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107334 BURT 092481677 $1,595.16 02/01/1998 360
600118180 FITZGERALD,TODD A. 485037 $879.19 02/01/1998 360
600118181 CAREY,THOMAS B 494277 $721.24 02/01/1998 360
600118182 CONNELY,LINDA 496090 $871.47 02/01/1998 360
600118186 GEONANGA,DAVID,MADOLIN 496208 $1,015.02 02/01/1998 360
600118189 KOEFF,KEITH,SHARON 496628 $840.04 2 02/01/1998 360
600118191 BARE,BRENT, CASSANDA 504631 $847.36 1 02/01/1998 360
600118193 YERGES,DONALD,JANE 507728 $555.34 02/01/1998 360
600118195 LIGOURI,LOUIS,MARIA 507778 $1,163.57 02/01/1998 360
600118196 HARVEY,MICHAEL 507782 $939.08 02/01/1998 360
600118197 DICK,JOHN F.,DEBRA L 507835 $1,180.05 02/01/1998 360
600118198 DICKINSON,JAN 507836 $1,262.08 02/01/1998 360
600118200 HIMLER,EDWARD G. 507843 $775.75 02/01/1998 360
600118202 KING,CRAIG,VIRGINIA 507849 $560.01 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107334 BURT .00 .00 .00 .000 .250 .300 $520,000.00 N
600118180 FITZGERALD,TODD A. $150,000.00 N
600118181 CAREY,THOMAS B $134,000.00 N
600118182 CONNELY,LINDA $145,000.00 N
600118186 GEONANGA,DAVID,MADOLIN $165,000.00 N
600118189 KOEFF,KEITH,SHARON $115,000.00 N
600118191 BARE,BRENT, CASSANDA $115,500.00 N
600118193 YERGES,DONALD,JANE $84,000.00 N
600118195 LIGOURI,LOUIS,MARIA $187,000.00 N
600118196 HARVEY,MICHAEL $198,412.00 N
600118197 DICK,JOHN F.,DEBRA L $200,000.00 N
600118198 DICKINSON,JAN $215,000.00 N
600118200 HIMLER,EDWARD G. $130,000.00 N
600118202 KING,CRAIG,VIRGINIA $90,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 5
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118203 LEAMING,MARTHA F. 482 GREGORY LANE, S.E. SALEM OR 97302 $89,336.18
600118204 MYERS,RANDALL,MELISSA 7020 S.W. CLINTON STREET TIGARD OR 97223 $158,757.41
600118206 WICKAM,BRENTON,AMY 5932 & 5934 HILLTOP DRIVE CARMICHAEL CA 95608 $79,818.58
600118207 JAMISON,DIALTHIA 6668 ARCH WAY RIVERSIDE CA 92506 $63,633.32
600118209 LEE,CHAE,HEE 9542 SOUTH PARRAMATTA PLA HIGHLANDS RANCH CO 80126 $119,762.59
600118211 LEFFLER,ANNE G. 5223 11TH STREET ROAD GREELEY CO 80634 $92,883.98
600118212 LAGONTERIE,YVONNE 19 WITTMAN LANE BRENTWOOD NY 11717 $93,786.85
600118213 POWERS,DANIEL,JOAN 301-305 ORTEGA STREET SAN FRANCISCO CA 94122 $159,707.16
600118214 DE VIGAL,ANTHONY,LOURDES 1806 GEORGIA STREET VALLEJO CA 94590 $123,767.17
600118217 MAYS,EDWIN 1324 NORTHEAST MARKET DRI FAIRVIEW OR 97024 $151,410.88
600118219 COON,CRAIG,TANI 30013 EAST SCOUTEN LOOP R ARLINGTON WA 98223 $119,472.26
600118220 KEELEY,KEN,LESLIE 7920 WOODS LAKE ROAD MONROE WA 98272 $106,114.04
600118221 HAGEMAN,WILLIAM,SHARON 7869 PATRICIA DRIVE THORNTON CO 80221 $107,517.10
600118222 DOME,CLEO,LEZLIE 8595 UPPER APPLEGATE ROAD JACKSONVILLE OR 97530 $149,718.34
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118203 LEAMING,MARTHA F. 8.500 .250 8.250 .0400 8.210 11/01/2027
600118204 MYERS,RANDALL,MELISSA 7.875 .250 7.625 .0400 7.585 10/01/2027
600118206 WICKAM,BRENTON,AMY 8.875 .250 8.625 .0400 8.585 10/01/2027
600118207 JAMISON,DIALTHIA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118209 LEE,CHAE,HEE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118211 LEFFLER,ANNE G. 8.375 .250 8.125 .0400 8.085 12/01/2027
600118212 LAGONTERIE,YVONNE 8.875 .250 8.625 .0400 8.585 10/01/2027
600118213 POWERS,DANIEL,JOAN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118214 DE VIGAL,ANTHONY,LOURDES 8.375 .250 8.125 .0400 8.085 11/01/2027
600118217 MAYS,EDWIN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118219 COON,CRAIG,TANI 9.250 .250 9.000 .0400 8.960 08/01/2027
600118220 KEELEY,KEN,LESLIE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118221 HAGEMAN,WILLIAM,SHARON 9.000 .250 8.750 .0400 8.710 07/01/2027
600118222 DOME,CLEO,LEZLIE 8.375 .250 8.125 .0400 8.085 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118203 LEAMING,MARTHA F. 507851 $688.18 02/01/1998 360
600118204 MYERS,RANDALL,MELISSA 507857 $1,154.31 02/01/1998 360
600118206 WICKAM,BRENTON,AMY 507871 $636.52 02/01/1998 360
600118207 JAMISON,DIALTHIA 507882 $490.18 02/01/1998 360
600118209 LEE,CHAE,HEE 507898 $890.40 02/01/1998 360
600118211 LEFFLER,ANNE G. 514168 $706.87 02/01/1998 360
600118212 LAGONTERIE,YVONNE 514175 $747.91 02/01/1998 360
600118213 POWERS,DANIEL,JOAN 514303 $1,230.26 02/01/1998 360
600118214 DE VIGAL,ANTHONY,LOURDES 514329 $942.49 2 02/01/1998 360
600118217 MAYS,EDWIN 517799 $1,152.27 02/01/1998 360
600118219 COON,CRAIG,TANI 518386 $987.21 02/01/1998 360
600118220 KEELEY,KEN,LESLIE 518393 $818.89 02/01/1998 360
600118221 HAGEMAN,WILLIAM,SHARON 519082 $869.80 1 02/01/1998 360
600118222 DOME,CLEO,LEZLIE 522408 $1,140.11 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118203 LEAMING,MARTHA F. $111,900.00 N
600118204 MYERS,RANDALL,MELISSA $199,000.00 N
600118206 WICKAM,BRENTON,AMY $100,000.00 N
600118207 JAMISON,DIALTHIA $75,000.00 N
600118209 LEE,CHAE,HEE $149,900.00 N
600118211 LEFFLER,ANNE G. $124,000.00 N
600118212 LAGONTERIE,YVONNE $130,000.00 N
600118213 POWERS,DANIEL,JOAN $400,000.00 N
600118214 DE VIGAL,ANTHONY,LOURDES $145,000.00 N
600118217 MAYS,EDWIN $189,500.00 N
600118219 COON,CRAIG,TANI $160,000.00 N
600118220 KEELEY,KEN,LESLIE $152,000.00 N
600118221 HAGEMAN,WILLIAM,SHARON $121,000.00 N
600118222 DOME,CLEO,LEZLIE $252,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 6
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118223 EMIGH,TERRY,DIANE 3822 CLOVERLAWN DRIVE GRANTS PASS OR 97527 $126,643.63
600118224 MARTIN,MICHAEL 1355 SOUTHEAST ELM LANE GRANTS PASS OR 97526 $117,560.59
600118225 DEEMS,MARK,CARLA 51 STERLING CREEK ROAD JACKSONVILLE OR 97530 $95,075.02
600118226 STENDER,JAMES,DEBRA 280 KRISTIAN LANE CRESCENT CITY CA 95531 $174,662.92
600118227 MILLER,MICHAEL,LYNN 2941 BYRON CREEK ROAD WINSTON OR 97496 $119,780.36
600118228 SWIFT,SALLY 5755 GEBHARD ROAD CENTRAL POINT OR 97502 $163,675.67
600118229 ARMOND,DEBRA 2693 EAST MCANDREWS ROAD MEDFORD OR 97504 $98,888.59
600118230 NOOTBAAR,ROBERT 2432 OBISPO DRIVE MEDFORD OR 97504 $86,832.43
600118231 GREER,JAMES,SANDRA 3154 VIEW CIRCLE CENTRAL POINT OR 97502 $124,753.03
600118232 HARTMAN,STEVE 371 SOUTH CENTRAL VALLEY CENTRAL POINT OR 97502 $74,904.03
600118233 CORYELL,HOMER,FAY 5120 GRIFFIN LANE MEDFORD OR 97501 $194,737.45
600118234 MCCOY,MARY 111 KISS COURT ROSEBURG OR 97470 $69,625.56
600118235 COOK,RICHARD,ANDREA 162 NORTH FIRST STREET CENTRAL POINT OR 97502 $81,062.43
600118236 KRULL,ROBERT,JOYCE 276 PALM AVENUE ASHLAND OR 97520 $93,626.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118223 EMIGH,TERRY,DIANE 8.000 .250 7.750 .0400 7.710 12/01/2027
600118224 MARTIN,MICHAEL 8.250 .250 8.000 .0400 7.960 11/01/2027
600118225 DEEMS,MARK,CARLA 8.125 .250 7.875 .0400 7.835 12/01/2027
600118226 STENDER,JAMES,DEBRA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118227 MILLER,MICHAEL,LYNN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118228 SWIFT,SALLY 8.125 .250 7.875 .0400 7.835 11/01/2027
600118229 ARMOND,DEBRA 8.875 .250 8.625 .0400 8.585 12/01/2027
600118230 NOOTBAAR,ROBERT 8.250 .250 8.000 .0400 7.960 11/01/2027
600118231 GREER,JAMES,SANDRA 8.125 .250 7.875 .0400 7.835 11/01/2027
600118232 HARTMAN,STEVE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118233 CORYELL,HOMER,FAY 8.000 .250 7.750 .0400 7.710 12/01/2027
600118234 MCCOY,MARY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118235 COOK,RICHARD,ANDREA 8.875 .250 8.625 .0400 8.585 11/01/2027
600118236 KRULL,ROBERT,JOYCE 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118223 EMIGH,TERRY,DIANE 522496 $931.88 02/01/1998 360
600118224 MARTIN,MICHAEL 522503 $886.49 02/01/1998 360
600118225 DEEMS,MARK,CARLA 522523 $706.86 02/01/1998 360
600118226 STENDER,JAMES,DEBRA 522549 $1,314.72 02/01/1998 360
600118227 MILLER,MICHAEL,LYNN 522567 $922.70 02/01/1998 360
600118228 SWIFT,SALLY 522585 $1,217.70 02/01/1998 360
600118229 ARMOND,DEBRA 522587 $787.69 02/01/1998 360
600118230 NOOTBAAR,ROBERT 522594 $653.60 02/01/1998 360
600118231 GREER,JAMES,SANDRA 522595 $928.12 02/01/1998 360
600118232 HARTMAN,STEVE 522604 $563.45 02/01/1998 360
600118233 CORYELL,HOMER,FAY 522606 $1,430.84 02/01/1998 360
600118234 MCCOY,MARY 522610 $542.51 02/01/1998 360
600118235 COOK,RICHARD,ANDREA 522613 $646.06 02/01/1998 360
600118236 KRULL,ROBERT,JOYCE 522620 $696.09 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118223 EMIGH,TERRY,DIANE $195,000.00 N
600118224 MARTIN,MICHAEL $197,500.00 N
600118225 DEEMS,MARK,CARLA $119,000.00 N
600118226 STENDER,JAMES,DEBRA $305,000.00 N
600118227 MILLER,MICHAEL,LYNN $150,000.00 N
600118228 SWIFT,SALLY $205,000.00 N
600118229 ARMOND,DEBRA $132,000.00 N
600118230 NOOTBAAR,ROBERT $116,000.00 N
600118231 GREER,JAMES,SANDRA $216,397.00 N
600118232 HARTMAN,STEVE $113,500.00 N
600118233 CORYELL,HOMER,FAY $272,000.00 N
600118234 MCCOY,MARY $93,000.00 N
600118235 COOK,RICHARD,ANDREA $101,500.00 N
600118236 KRULL,ROBERT,JOYCE $125,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 7
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118237 TRIPLETT/MCPHE/,STARR/GEO 25237 EAST BOLTON ROAD VENETA OR 97487 $95,894.73
600118238 POSEY,SUGEET 1071 WILDWOOD WAY ASHLAND OR 97520 $164,272.84
600118240 ARBUS,WILLIAM,SALLY 2076 MCPHERSON AVENUE NORTH BEND OR 97459 $41,972.53
600118241 ILLINGWORTH,LORETTA 944 EAST DUTTON ROAD EAGLE POINT OR 97524 $123,728.10
600118242 THORNTON,JOHN,FRAN 2056 DOWELL ROAD GRANTS PASS OR 97527 $74,956.39
600118244 BECKWITH,MARY 275 EAST NEVADA STREET ASHLAND OR 97520 $69,953.03
600118245 CAMERON,MALCOLM,DELORES 8340 ROGUE RIVER HIGHWAY GRANTS PASS OR 97527 $91,885.22
600118246 SHELANDER,GLEN,SHERIE 205 SPRING OAK WAY MERLIN OR 97532 $98,277.25
600118247 O'MALLEY,DAVID,PATRICIA 4171 NORTHEAST EMERALD LA POULSBO WA 98370 $136,440.57
600118248 KUCKLER,RICK, KAREN 4240 TRAILMASTER DRIVE BILLINGS MT 59101 $95,084.23
600118250 MCADAM,PATRICK,MELISSA 759 CEDAR STREET SEDRO WOOLLEY WA 98284 $100,669.53
600118252 BYBELL,ALLEN 192 SUDBURY COURT HENDERSON NV 89014 $198,502.08
600118254 BRINKER,ALAN 853-J WEST CALIFORNIA AVE SUNNYVALE CA 94086 $116,825.80
600118257 KAHN,FREDERICK M. 5327 NORTHEAST CLEVELAND PORTLAND OR 97211 $73,900.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118237 TRIPLETT/MCPHE/,STARR/GEO 9.000 .250 8.750 .0400 8.710 12/01/2027
600118238 POSEY,SUGEET 7.875 .250 7.625 .0400 7.585 12/01/2027
600118240 ARBUS,WILLIAM,SALLY 8.125 .250 7.875 .0400 7.835 01/01/2028
600118241 ILLINGWORTH,LORETTA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118242 THORNTON,JOHN,FRAN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118244 BECKWITH,MARY 8.000 .250 7.750 .0400 7.710 01/01/2028
600118245 CAMERON,MALCOLM,DELORES 8.375 .250 8.125 .0400 8.085 12/01/2027
600118246 SHELANDER,GLEN,SHERIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118247 O'MALLEY,DAVID,PATRICIA 8.625 .250 8.375 .0400 8.335 10/01/2027
600118248 KUCKLER,RICK, KAREN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118250 MCADAM,PATRICK,MELISSA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118252 BYBELL,ALLEN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118254 BRINKER,ALAN 7.500 .250 7.250 .0400 7.210 12/01/2027
600118257 KAHN,FREDERICK M. 8.000 .250 7.750 .0400 7.710 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118237 TRIPLETT/MCPHE/,STARR/GEO 522626 $772.44 02/01/1998 360
600118238 POSEY,SUGEET 522628 $1,192.74 02/01/1998 360
600118240 ARBUS,WILLIAM,SALLY 522640 $311.85 02/01/1998 360
600118241 ILLINGWORTH,LORETTA 522654 $899.09 02/01/1998 360
600118242 THORNTON,JOHN,FRAN 522655 $570.43 02/01/1998 360
600118244 BECKWITH,MARY 522661 $513.64 02/01/1998 360
600118245 CAMERON,MALCOLM,DELORES 522667 $699.27 02/01/1998 360
600118246 SHELANDER,GLEN,SHERIE 522669 $747.91 02/01/1998 360
600118247 O'MALLEY,DAVID,PATRICIA 523699 $1,064.02 1 02/01/1998 360
600118248 KUCKLER,RICK, KAREN 523747 $732.01 02/01/1998 360
600118250 MCADAM,PATRICK,MELISSA 523844 $792.99 02/01/1998 360
600118252 BYBELL,ALLEN 524671 $1,510.64 02/01/1998 360
600118254 BRINKER,ALAN 525002 $818.08 02/01/1998 360
600118257 KAHN,FREDERICK M. 526051 $542.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118237 TRIPLETT/MCPHE/,STARR/GEO $120,000.00 N
600118238 POSEY,SUGEET $219,500.00 N
600118240 ARBUS,WILLIAM,SALLY $100,000.00 N
600118241 ILLINGWORTH,LORETTA $155,000.00 N
600118242 THORNTON,JOHN,FRAN $94,500.00 N
600118244 BECKWITH,MARY $110,000.00 N
600118245 CAMERON,MALCOLM,DELORES $115,000.00 N
600118246 SHELANDER,GLEN,SHERIE $123,000.00 N
600118247 O'MALLEY,DAVID,PATRICIA $144,000.00 N
600118248 KUCKLER,RICK, KAREN $127,000.00 N
600118250 MCADAM,PATRICK,MELISSA $126,000.00 N
600118252 BYBELL,ALLEN $265,000.00 N
600118254 BRINKER,ALAN $132,000.00 N
600118257 KAHN,FREDERICK M. $165,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 8
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118258 HOLM,ERICA 7508 NORTHEAST MEADOWS DR VANCOUVER WA 98662 $159,572.93
600118259 UNDERWOOD,CHARLES/PAULA 18880 SOUTHEAST MCQUAW RO SANDY OR 97055 $183,563.02
600118260 CAPEHART,MARILYN K 1512 NORTHWEST MALLARD AV PRINEVILLE OR 97754 $54,827.14
600118261 PARSON,JAMES 8025 SOUTHEAST TELFORD RO GRESHAM OR 97080 $153,408.39
600118262 LEWIS,JEANETTE S.O. 2050 DON JUAN AVENUE EUGENE OR 97408 $79,897.63
600118263 LAVIOLETTE,JEAN/SHIRLEY 1940 HIGHWAY 101 NORTH ROCKAWAY BEACH OR 97136 $64,063.91
600118264 DAVIS,PETER A. 3950 SOUTHEAST IVON STREE PORTLAND OR 97202 $120,926.69
600118265 ZEMAN,LON/SUSANNE 291 SOUTH THIRD AVENUE KETCHUM ID 83340 $116,657.98
600118266 POTTER,ROBERT/ELIZABET 19860 NORTHWEST QUAIL HOL PORTLAND OR 97229 $167,785.00
600118267 WHITLOCK,SAMUEL A. 371 EAST HURLBURT AVENUE HERMISTON OR 97838 $52,413.31
600118268 GILBERT,LANCE A. 461 WILBUR COURT THOUSAND OAKS CA 91360 $159,810.40
600118269 ACKER,CHARLES, MULYAN 2909 107TH STREET SOUTHEA EVERETT WA 98208 $196,148.66
600118270 LEE,TOMMY 326 WESTCHESTER SQUARE NO BILLINGS MT 59105 $117,910.01
600118272 RODGERS,MARY M 17736 COLD CREEK ST. IGNATIUS MT 59865 $98,024.62
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118258 HOLM,ERICA 8.875 .250 8.625 .0400 8.585 11/01/2027
600118259 UNDERWOOD,CHARLES/PAULA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118260 CAPEHART,MARILYN K 8.125 .250 7.875 .0400 7.835 12/01/2027
600118261 PARSON,JAMES 8.375 .250 8.125 .0400 8.085 12/01/2027
600118262 LEWIS,JEANETTE S.O. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118263 LAVIOLETTE,JEAN/SHIRLEY 8.875 .250 8.625 .0400 8.585 11/01/2027
600118264 DAVIS,PETER A. 8.500 .250 8.250 .0400 8.210 01/01/2028
600118265 ZEMAN,LON/SUSANNE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118266 POTTER,ROBERT/ELIZABET 8.250 .250 8.000 .0400 7.960 12/01/2027
600118267 WHITLOCK,SAMUEL A. 9.000 .250 8.750 .0400 8.710 11/01/2027
600118268 GILBERT,LANCE A. 8.625 .250 8.375 .0400 8.335 12/01/2027
600118269 ACKER,CHARLES, MULYAN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118270 LEE,TOMMY 9.125 .250 8.875 .0400 8.835 11/01/2027
600118272 RODGERS,MARY M 8.625 .250 8.375 .0400 8.335 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118258 HOLM,ERICA 526067 $1,272.24 02/01/1998 360
600118259 UNDERWOOD,CHARLES/PAULA 526076 $1,382.33 02/01/1998 360
600118260 CAPEHART,MARILYN K 526387 $408.37 02/01/1998 360
600118261 PARSON,JAMES 526554 $1,167.47 02/01/1998 360
600118262 LEWIS,JEANETTE S.O. 526717 $601.01 02/01/1998 360
600118263 LAVIOLETTE,JEAN/SHIRLEY 526802 $534.67 02/01/1998 360
600118264 DAVIS,PETER A. 526803 $930.39 02/01/1998 360
600118265 ZEMAN,LON/SUSANNE 526808 $898.09 02/01/1998 360
600118266 POTTER,ROBERT/ELIZABET 526809 $1,262.13 02/01/1998 360
600118267 WHITLOCK,SAMUEL A. 526829 $422.43 02/01/1998 360
600118268 GILBERT,LANCE A. 527803 $1,244.46 02/01/1998 360
600118269 ACKER,CHARLES, MULYAN 527926 $1,475.49 02/01/1998 360
600118270 LEE,TOMMY 528016 $960.90 02/01/1998 360
600118272 RODGERS,MARY M 528378 $764.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118258 HOLM,ERICA $199,900.00 N
600118259 UNDERWOOD,CHARLES/PAULA $230,000.00 N
600118260 CAPEHART,MARILYN K $75,000.00 N
600118261 PARSON,JAMES $192,000.00 N
600118262 LEWIS,JEANETTE S.O. $110,000.00 N
600118263 LAVIOLETTE,JEAN/SHIRLEY $84,000.00 N
600118264 DAVIS,PETER A. $165,000.00 N
600118265 ZEMAN,LON/SUSANNE $146,000.00 N
600118266 POTTER,ROBERT/ELIZABET $210,000.00 N
600118267 WHITLOCK,SAMUEL A. $75,000.00 N
600118268 GILBERT,LANCE A. $200,000.00 N
600118269 ACKER,CHARLES, MULYAN $261,900.00 N
600118270 LEE,TOMMY $157,500.00 N
600118272 RODGERS,MARY M $122,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 9
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118274 BUCHANAN,LEWIS,KATHLEEN 6863 WELLS ROAD THE DALLES OR 97058 $149,148.44
600118275 FULLER,CHRISTI 5815 64TH STREET SOUTHEAS SNOHOMISH WA 98290 $137,360.75
600118276 JACOY,KAREN 2409 EAST 60TH AVENUE SPOKANE WA 99223 $111,738.49
600118277 COBURN,DAVID, DENISE 2501 G STREET BELLINGHAM WA 98225 $81,802.95
600118278 STOUT-BARRETT,YVONNE 6751 NORTH DEWEY AVENUE FRESNO CA 93711 $125,351.84
600118279 HINRICHS,TODD,PENNY 4351 ALAZAN ROAD PLACERVILLE CA 95667 $151,188.40
600118280 DE BLAUW,WILLIAM 275 LARCHMONT DRIVE ARROYO GRANDE CA 93420 $158,302.29
600118281 KIELAR,MARK 622 TERESITA BOULEVARD SAN FRANCISCO CA 94127 $216,612.90
600118282 CRAYTON,DORIS,WILLIE 13102 STANFORD AVENUE LOS ANGELES ARE CA 90059 $109,862.78
600118283 VASEY,JAMES,MARILYN 175 WESTSIDE LANE GARDNERVILLE NV 89410 $134,913.92
600118284 BEHAR,STUART,RHONDA 423 WYLERHORN DRIVE CRESTLINE CA 92325 $119,756.82
600118285 SPIESS/SPIESS,LOWELL/CIND 10814 NORTH 16TH AVENUE PHOENIX AZ 85029 $106,985.58
600118286 PEETS,RUTH 410 15TH AVENUE SEASIDE OR 97138 $92,877.93
600118287 WATHEN,JUDD,SUZANNE 168 NORTH 300 WEST LEHI UT 84043 $128,201.77
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118274 BUCHANAN,LEWIS,KATHLEEN 8.625 .250 8.375 .0400 8.335 10/01/2027
600118275 FULLER,CHRISTI 8.750 .250 8.500 .0400 8.460 11/01/2027
600118276 JACOY,KAREN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118277 COBURN,DAVID, DENISE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118278 STOUT-BARRETT,YVONNE 8.125 .250 7.875 .0400 7.835 11/01/2027
600118279 HINRICHS,TODD,PENNY 8.250 .250 8.000 .0400 7.960 09/01/2027
600118280 DE BLAUW,WILLIAM 8.375 .250 8.125 .0400 8.085 12/01/2027
600118281 KIELAR,MARK 8.625 .250 8.375 .0400 8.335 11/01/2027
600118282 CRAYTON,DORIS,WILLIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118283 VASEY,JAMES,MARILYN 8.250 .250 8.000 .0400 7.960 01/01/2028
600118284 BEHAR,STUART,RHONDA 8.000 .250 7.750 .0400 7.710 11/01/2027
600118285 SPIESS/SPIESS,LOWELL/CIND 9.125 .250 8.875 .0400 8.835 12/01/2027
600118286 PEETS,RUTH 8.125 .250 7.875 .0400 7.835 12/01/2027
600118287 WATHEN,JUDD,SUZANNE 8.750 .250 8.500 .0400 8.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118274 BUCHANAN,LEWIS,KATHLEEN 528559 $1,182.24 02/01/1998 360
600118275 FULLER,CHRISTI 528649 $1,082.50 02/01/1998 360
600118276 JACOY,KAREN 528723 $861.18 02/01/1998 360
600118277 COBURN,DAVID, DENISE 528759 $637.01 02/01/1998 360
600118278 STOUT-BARRETT,YVONNE 529711 $932.58 02/01/1998 360
600118279 HINRICHS,TODD,PENNY 529801 $1,146.43 33 02/01/1998 360
600118280 DE BLAUW,WILLIAM 530000 $1,204.71 02/01/1998 360
600118281 KIELAR,MARK 530269 $1,687.80 02/01/1998 360
600118282 CRAYTON,DORIS,WILLIE 530335 $836.08 02/01/1998 360
600118283 VASEY,JAMES,MARILYN 530349 $1,014.21 02/01/1998 360
600118284 BEHAR,STUART,RHONDA 530369 $880.52 02/01/1998 360
600118285 SPIESS/SPIESS,LOWELL/CIND 530392 $871.40 2 02/01/1998 360
600118286 PEETS,RUTH 530399 $690.52 02/01/1998 360
600118287 WATHEN,JUDD,SUZANNE 530406 $1,009.73 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118274 BUCHANAN,LEWIS,KATHLEEN $190,000.00 N
600118275 FULLER,CHRISTI $172,000.00 N
600118276 JACOY,KAREN $140,000.00 N
600118277 COBURN,DAVID, DENISE $117,000.00 N
600118278 STOUT-BARRETT,YVONNE $157,000.00 N
600118279 HINRICHS,TODD,PENNY $174,000.00 N
600118280 DE BLAUW,WILLIAM $215,000.00 N
600118281 KIELAR,MARK $310,000.00 N
600118282 CRAYTON,DORIS,WILLIE $146,000.00 N
600118283 VASEY,JAMES,MARILYN $454,560.00 N
600118284 BEHAR,STUART,RHONDA $150,000.00 N
600118285 SPIESS/SPIESS,LOWELL/CIND $119,000.00 N
600118286 PEETS,RUTH $167,000.00 N
600118287 WATHEN,JUDD,SUZANNE $151,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 10
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118289 SWANSON,JUDITH 1228 COOPER AVENUE GLENWOOD SPRING CO 81601 $74,904.03
600118290 MOLCHANY,GREGORY,CAROLE 8612 COPPER FALLS AVENUE LAS VEGAS NV 89129 $176,890.12
600118291 MCKEE,JERRY,BONNIE 29414 PACIFIC CREST WAY CAMPO CA 91906 $144,506.58
600118292 ODONNELL,RICHARD 1133 AMADOR AVENUE VISTA CA 92083 $104,802.83
600118293 GREGRIO,ALFREDO 1131 DIVISION STREET NATIONAL CITY CA 91950 $92,326.30
600118294 GREGRIO,ALFREDO 910 SOUTH 30TH STREET SAN DIEGO CA 92113 $71,837.07
600118296 WILSON,RAYMOND,JULI 1004 SOUTH MINNESOTA STRE CARSON CITY NV 89703 $35,528.20
600118297 VELAZQUEZ,AURELINO,AUGUST 1835 FULSTONE WAY LAS VEGAS NV 89115 $111,877.18
600118298 QUARELLI, JR,CHARLES 6950 EAST SOYALUNA PLACE TUCSON AZ 85715 $115,855.30
600118299 MOSHENKO,BOB,MARILYN 10841 WESTMINSTER AVENUE GARDEN GROVE CA 92843 $83,842.28
600118300 JUAREZ,ROBERT,FRANCES 1720 HARDING AVENUE NATIONAL CITY CA 91950 $73,907.70
600118301 BENDA,ARNOLD 96 BLACKTAIL ROAD COCOLALLA ID 83813 $67,120.37
600118302 DEHAVEN,KIMBERLY,BRADLE 5473 HEWLETT DRIVE SAN DIEGO CA 92115 $223,727.64
600118303 MILLER,THOMAS,MARGARET 4132 BELVEDERE STREET IRVINE CA 92604 $179,751.45
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118289 SWANSON,JUDITH 8.250 .250 8.000 .0400 7.960 12/01/2027
600118290 MOLCHANY,GREGORY,CAROLE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118291 MCKEE,JERRY,BONNIE 8.000 .250 7.750 .0400 7.710 11/01/2027
600118292 ODONNELL,RICHARD 8.375 .250 8.125 .0400 8.085 11/01/2027
600118293 GREGRIO,ALFREDO 8.375 .250 8.125 .0400 8.085 11/01/2027
600118294 GREGRIO,ALFREDO 8.375 .250 8.125 .0400 8.085 11/01/2027
600118296 WILSON,RAYMOND,JULI 8.375 .250 8.125 .0400 8.085 11/01/2027
600118297 VELAZQUEZ,AURELINO,AUGUST 9.000 .250 8.750 .0400 8.710 12/01/2027
600118298 QUARELLI, JR,CHARLES 8.375 .250 8.125 .0400 8.085 12/01/2027
600118299 MOSHENKO,BOB,MARILYN 8.375 .250 8.125 .0400 8.085 11/01/2027
600118300 JUAREZ,ROBERT,FRANCES 8.375 .250 8.125 .0400 8.085 12/01/2027
600118301 BENDA,ARNOLD 8.625 .250 8.375 .0400 8.335 12/01/2027
600118302 DEHAVEN,KIMBERLY,BRADLE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118303 MILLER,THOMAS,MARGARET 7.875 .250 7.625 .0400 7.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118289 SWANSON,JUDITH 530443 $563.45 02/01/1998 360
600118290 MOLCHANY,GREGORY,CAROLE 530498 $1,377.47 2 02/01/1998 360
600118291 MCKEE,JERRY,BONNIE 530521 $1,062.49 02/01/1998 360
600118292 ODONNELL,RICHARD 530524 $798.08 02/01/1998 360
600118293 GREGRIO,ALFREDO 530526 $703.07 02/01/1998 360
600118294 GREGRIO,ALFREDO 530527 $547.25 02/01/1998 360
600118296 WILSON,RAYMOND,JULI 530547 $273.63 02/01/1998 360
600118297 VELAZQUEZ,AURELINO,AUGUST 530551 $901.18 02/01/1998 360
600118298 QUARELLI, JR,CHARLES 530565 $881.68 02/01/1998 360
600118299 MOSHENKO,BOB,MARILYN 530566 $638.46 02/01/1998 360
600118300 JUAREZ,ROBERT,FRANCES 530573 $562.45 02/01/1998 360
600118301 BENDA,ARNOLD 530586 $522.67 02/01/1998 360
600118302 DEHAVEN,KIMBERLY,BRADLE 530587 $1,722.37 02/01/1998 360
600118303 MILLER,THOMAS,MARGARET 530626 $1,305.12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118289 SWANSON,JUDITH $225,000.00 N
600118290 MOLCHANY,GREGORY,CAROLE $196,799.00 N
600118291 MCKEE,JERRY,BONNIE $181,000.00 N
600118292 ODONNELL,RICHARD $135,000.00 N
600118293 GREGRIO,ALFREDO $143,000.00 N
600118294 GREGRIO,ALFREDO $130,000.00 N
600118296 WILSON,RAYMOND,JULI $122,000.00 N
600118297 VELAZQUEZ,AURELINO,AUGUST $140,000.00 N
600118298 QUARELLI, JR,CHARLES $145,000.00 N
600118299 MOSHENKO,BOB,MARILYN $105,000.00 N
600118300 JUAREZ,ROBERT,FRANCES $116,000.00 N
600118301 BENDA,ARNOLD $84,000.00 N
600118302 DEHAVEN,KIMBERLY,BRADLE $280,000.00 N
600118303 MILLER,THOMAS,MARGARET $225,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 11
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118304 KILLICK,GREGORY,LAURIE 3819 ALGONAUT DRIVE CALABASAS CA 91302 $179,788.12
600118305 FORKER,RICHARD 3329 NORTH 45TH STREET SAN DIEGO CA 92105 $86,289.44
600118306 GOODWIN,SIDNEY 3207 EAST FAIRWAY DRIVE COEUR D'ALENE ID 83814 $125,923.67
600118307 NEWELL,JANICE 2768 OLIVE STREET LEMON GROVE CA 91945 $120,718.94
600118308 KEELING/KEELING,DOLORES/R 13361 BLACKBIRD STREET GARDEN GROVE CA 92843 $123,922.93
600118310 NELSON,SCOTT,TINA 2080 BRIDLE CREEK CIRCLE TRACY CA 95376 $151,795.34
600118312 ABEGG,SHELLEY 115 PARKWAY PROVO UT 84604 $131,826.72
600118313 DANCHUK,DAVID,MARY 901 RUSSELL AVENUE SANTA ROSA CA 95403 $63,061.55
600118315 KERWIN,CARRIE 7188 THIRD AVENUE TAHOMA CA 96142 $69,517.52
600118316 GILBERT,ROBERT,ANNE 444 CHELAN DRIVE VACAVILLE CA 95687 $97,829.60
600118317 LANDI,ROBERT,DIANA 6502 SOUTH DAHLIA CIRCLE LITTLETON CO 80121 $107,308.24
600118318 BENDER,HENRY 42921 CALLE LONDE TEMECULA CA 92592 $137,248.32
600118319 CARLOS,HUGO,ESPERANZA 7112 FORBES AVENUE LOS ANGELES CA 91406 $127,340.95
600118320 PARKHURST,DENIS 9611 AND 9615 NOBLE AVENU LOS ANGELES CA 91343 $193,745.34
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118304 KILLICK,GREGORY,LAURIE 8.375 .250 8.125 .0400 8.085 01/01/2028
600118305 FORKER,RICHARD 8.250 .250 8.000 .0400 7.960 12/01/2027
600118306 GOODWIN,SIDNEY 8.500 .250 8.250 .0400 8.210 01/01/2028
600118307 NEWELL,JANICE 8.000 .250 7.750 .0400 7.710 01/01/2028
600118308 KEELING/KEELING,DOLORES/R 8.375 .250 8.125 .0400 8.085 01/01/2028
600118310 NELSON,SCOTT,TINA 8.000 .250 7.750 .0400 7.710 12/01/2027
600118312 ABEGG,SHELLEY 8.125 .250 7.875 .0400 7.835 12/01/2027
600118313 DANCHUK,DAVID,MARY 8.375 .250 8.125 .0400 8.085 11/01/2027
600118315 KERWIN,CARRIE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118316 GILBERT,ROBERT,ANNE 8.750 .250 8.500 .0400 8.460 11/01/2027
600118317 LANDI,ROBERT,DIANA 8.625 .250 8.375 .0400 8.335 11/01/2027
600118318 BENDER,HENRY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118319 CARLOS,HUGO,ESPERANZA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118320 PARKHURST,DENIS 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118304 KILLICK,GREGORY,LAURIE 530647 $1,368.13 02/01/1998 360
600118305 FORKER,RICHARD 530673 $649.09 02/01/1998 360
600118306 GOODWIN,SIDNEY 530678 $968.83 02/01/1998 360
600118307 NEWELL,JANICE 530765 $886.39 02/01/1998 360
600118308 KEELING/KEELING,DOLORES/R 530806 $942.49 02/01/1998 360
600118310 NELSON,SCOTT,TINA 531290 $1,115.32 02/01/1998 360
600118312 ABEGG,SHELLEY 531815 $980.10 02/01/1998 360
600118313 DANCHUK,DAVID,MARY 532163 $480.37 02/01/1998 360
600118315 KERWIN,CARRIE 532291 $541.34 02/01/1998 360
600118316 GILBERT,ROBERT,ANNE 532325 $770.97 02/01/1998 360
600118317 LANDI,ROBERT,DIANA 532829 $836.12 02/01/1998 360
600118318 BENDER,HENRY 534549 $1,057.26 02/01/1998 360
600118319 CARLOS,HUGO,ESPERANZA 534786 $969.09 02/01/1998 360
600118320 PARKHURST,DENIS 534846 $1,440.44 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118304 KILLICK,GREGORY,LAURIE $370,000.00 N
600118305 FORKER,RICHARD $108,000.00 N
600118306 GOODWIN,SIDNEY $189,000.00 N
600118307 NEWELL,JANICE $151,000.00 N
600118308 KEELING/KEELING,DOLORES/R $155,000.00 N
600118310 NELSON,SCOTT,TINA $202,787.00 N
600118312 ABEGG,SHELLEY $165,000.00 N
600118313 DANCHUK,DAVID,MARY $79,000.00 N
600118315 KERWIN,CARRIE $87,000.00 N
600118316 GILBERT,ROBERT,ANNE $122,500.00 N
600118317 LANDI,ROBERT,DIANA $135,000.00 N
600118318 BENDER,HENRY $162,000.00 N
600118319 CARLOS,HUGO,ESPERANZA $170,000.00 N
600118320 PARKHURST,DENIS $242,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 12
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118321 BRODA,WIESLAW,KRYSTYN 3331 SOUTH 268TH STREET KENT WA 98032 $105,380.55
600118322 CLEVELAND,SHELBY 5720 SPOKANE RANCH ROAD EAST HELENA MT 59635 $103,708.12
600118323 TIMMINS,PATRICK,HANNEKE 626 YELLOW BRICK ROAD BELLINGHAM WA 98226 $156,221.14
600118324 FERRIN,RICK, JOAN 361 3RD ROAD NORTHEAST FAIRFIELD MT 59436 $152,794.00
600118325 DURHEIM,DAVID G 5022 EAST ORCHARD ROAD SPOKANE WA 99207 $78,136.50
600118326 RAMIREZ,JOSE, MARTINA 303 SOUTH 4TH PLACE CORNELIUS OR 97113 $69,329.80
600118327 MARCHAND,BARBARA 1290 TWO BELLEVUE WAY NOR BELLEVUE WA 98004 $131,770.52
600118329 BOWE,DONALD,MAVIS 2231 BLUECREEK ROAD ADDY WA 99101 $64,918.91
600118330 HALL,RONNIE 11212 AND 11214 KLINE STR LAKEWOOD WA 98499 $47,550.47
600118331 GAOAEN,VALENTIN,SANIAT 19244 SOUTHEAST 49TH STRE ISSAQUAH WA 98027 $171,685.19
600118332 HUBER,WALTER,SANDRA 816 124TH STREET SOUTHWES EVERETT WA 98204 $179,667.98
600118334 FRAZIER,PATRICIA,GEORGE 7201 WEST HIGHWAY 2 SANDPOINT ID 83864 $109,665.52
600118336 HALS,HAROLD,LINDA 3091 WANETA ROAD GRANDVIEW WA 98930 $108,860.52
600118337 FARBOUD,JALEH S 1648 185TH AVENUE NORTHEA BELLEVUE WA 98008 $199,705.31
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118321 BRODA,WIESLAW,KRYSTYN 7.875 .250 7.625 .0400 7.585 11/01/2027
600118322 CLEVELAND,SHELBY 8.750 .250 8.500 .0400 8.460 10/01/2027
600118323 TIMMINS,PATRICK,HANNEKE 8.500 .250 8.250 .0400 8.210 10/01/2027
600118324 FERRIN,RICK, JOAN 8.000 .250 7.750 .0400 7.710 12/01/2027
600118325 DURHEIM,DAVID G 9.125 .250 8.875 .0400 8.835 11/01/2027
600118326 RAMIREZ,JOSE, MARTINA 8.500 .250 8.250 .0400 8.210 10/01/2027
600118327 MARCHAND,BARBARA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118329 BOWE,DONALD,MAVIS 8.375 .250 8.125 .0400 8.085 12/01/2027
600118330 HALL,RONNIE 9.250 .250 9.000 .0400 8.960 12/01/2027
600118331 GAOAEN,VALENTIN,SANIAT 8.500 .250 8.250 .0400 8.210 11/01/2027
600118332 HUBER,WALTER,SANDRA 9.250 .250 9.000 .0400 8.960 11/01/2027
600118334 FRAZIER,PATRICIA,GEORGE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118336 HALS,HAROLD,LINDA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118337 FARBOUD,JALEH S 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118321 BRODA,WIESLAW,KRYSTYN 534972 $765.67 02/01/1998 360
600118322 CLEVELAND,SHELBY 535132 $817.78 2 02/01/1998 360
600118323 TIMMINS,PATRICK,HANNEKE 535146 $1,226.42 02/01/1998 360
600118324 FERRIN,RICK, JOAN 535210 $1,122.66 02/01/1998 360
600118325 DURHEIM,DAVID G 535235 $650.91 02/01/1998 360
600118326 RAMIREZ,JOSE, MARTINA 535262 $534.39 02/01/1998 360
600118327 MARCHAND,BARBARA 535335 $1,038.44 02/01/1998 360
600118329 BOWE,DONALD,MAVIS 535411 $494.05 02/01/1998 360
600118330 HALL,RONNIE 535440 $391.59 02/01/1998 360
600118331 GAOAEN,VALENTIN,SANIAT 535460 $1,322.53 02/01/1998 360
600118332 HUBER,WALTER,SANDRA 535473 $1,480.40 02/01/1998 360
600118334 FRAZIER,PATRICIA,GEORGE 535521 $797.58 02/01/1998 360
600118336 HALS,HAROLD,LINDA 535603 $818.88 02/01/1998 360
600118337 FARBOUD,JALEH S 535607 $1,555.58 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118321 BRODA,WIESLAW,KRYSTYN $132,000.00 N
600118322 CLEVELAND,SHELBY $115,500.00 N
600118323 TIMMINS,PATRICK,HANNEKE $220,000.00 N
600118324 FERRIN,RICK, JOAN $180,000.00 N
600118325 DURHEIM,DAVID G $100,000.00 N
600118326 RAMIREZ,JOSE, MARTINA $116,000.00 N
600118327 MARCHAND,BARBARA $165,000.00 N
600118329 BOWE,DONALD,MAVIS $140,000.00 N
600118330 HALL,RONNIE $59,500.00 N
600118331 GAOAEN,VALENTIN,SANIAT $215,000.00 N
600118332 HUBER,WALTER,SANDRA $224,950.00 N
600118334 FRAZIER,PATRICIA,GEORGE $185,000.00 N
600118336 HALS,HAROLD,LINDA $139,000.00 N
600118337 FARBOUD,JALEH S $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 13
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118338 BLAKE,MICHAEL,CAREY 535616134TH AVENUE KPN GIG HARBOR WA 98329 $85,842.59
600118339 SCOTT,NEIL,ANNA 5702 PALATINE AVENUE NORT SEATTLE WA 98103 $149,770.99
600118340 KRUEGER,DAVID K. 31A RAPELJE ROAD COLUMBUS MT 59019 $99,812.24
600118341 DISHMAN,ARTHUR,APRIL 2008 DUPORTAIL STREET RICHLAND WA 99352 $62,288.69
600118342 MOORE,MARLYN 510 EAST LONESOME CREEK R SHELTON WA 98584 $59,895.68
600118343 VAFAEEZADEH,ABDULLAH/KATH 13126 NORTHEAST 109TH PLA KIRKLAND WA 98033 $143,722.64
600118344 SCHROEDER,SUSAN 4405 COMMERCIAL STREET ASTORIA OR 97103 $71,260.46
600118346 JOHNSON,JAMES/DEBRA 1024 1ST STREET CHENEY WA 99004 $119,864.96
600118347 PEREZ,SUSAN 4825 BLUE HERON BOULEVARD WEST RICHLAND WA 99353 $82,286.21
600118348 MAZUR,GREG,ROCHELLE 2148 JEFFERSON AVENUE OGDEN UT 84401 $75,930.82
600118349 WILLIAMS,DWIGHT,RUTH 1318 DOGWOOD STREET SE LACEY WA 98503 $56,261.11
600118350 TRICKLE/HANSON,ZOE, GARY 5325 NORTH CONCORD STREET PORTLAND OR 97217 $70,427.33
600118351 HATCHER,JEFFREY 1030 25TH STREET OGDEN UT 84401 $67,394.19
600118355 NEISINGER,DAVID,MARLYS 16721 24TH STREET SOUTHEA SNOHOMISH WA 98290 $225,754.45
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118338 BLAKE,MICHAEL,CAREY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118339 SCOTT,NEIL,ANNA 9.375 .250 9.125 .0400 9.085 11/01/2027
600118340 KRUEGER,DAVID K. 8.375 .250 8.125 .0400 8.085 11/01/2027
600118341 DISHMAN,ARTHUR,APRIL 8.625 .250 8.375 .0400 8.335 11/01/2027
600118342 MOORE,MARLYN 8.750 .250 8.500 .0400 8.460 11/01/2027
600118343 VAFAEEZADEH,ABDULLAH/KATH 8.250 .250 8.000 .0400 7.960 11/01/2027
600118344 SCHROEDER,SUSAN 8.250 .250 8.000 .0400 7.960 11/01/2027
600118346 JOHNSON,JAMES/DEBRA 8.875 .250 8.625 .0400 8.585 12/01/2027
600118347 PEREZ,SUSAN 7.875 .250 7.625 .0400 7.585 12/01/2027
600118348 MAZUR,GREG,ROCHELLE 9.250 .250 9.000 .0400 8.960 11/01/2027
600118349 WILLIAMS,DWIGHT,RUTH 8.625 .250 8.375 .0400 8.335 10/01/2027
600118350 TRICKLE/HANSON,ZOE, GARY 8.750 .250 8.500 .0400 8.460 11/01/2027
600118351 HATCHER,JEFFREY 9.250 .250 9.000 .0400 8.960 11/01/2027
600118355 NEISINGER,DAVID,MARLYS 8.000 .250 7.750 .0400 7.710 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118338 BLAKE,MICHAEL,CAREY 535616 $661.27 02/01/1998 360
600118339 SCOTT,NEIL,ANNA 535626 $1,247.62 02/01/1998 360
600118340 KRUEGER,DAVID K. 535632 $760.07 02/01/1998 360
600118341 DISHMAN,ARTHUR,APRIL 535640 $485.34 02/01/1998 360
600118342 MOORE,MARLYN 535661 $472.02 02/01/1998 360
600118343 VAFAEEZADEH,ABDULLAH/KATH 535714 $1,081.82 02/01/1998 360
600118344 SCHROEDER,SUSAN 535718 $537.16 02/01/1998 360
600118346 JOHNSON,JAMES/DEBRA 535729 $954.77 02/01/1998 360
600118347 PEREZ,SUSAN 535733 $597.46 02/01/1998 360
600118348 MAZUR,GREG,ROCHELLE 535741 $625.64 1 02/01/1998 360
600118349 WILLIAMS,DWIGHT,RUTH 535744 $438.67 02/01/1998 360
600118350 TRICKLE/HANSON,ZOE, GARY 535745 $555.02 02/01/1998 360
600118351 HATCHER,JEFFREY 535758 $555.31 1 02/01/1998 360
600118355 NEISINGER,DAVID,MARLYS 535795 $1,661.24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118338 BLAKE,MICHAEL,CAREY $120,000.00 N
600118339 SCOTT,NEIL,ANNA $243,000.00 N
600118340 KRUEGER,DAVID K. $176,500.00 N
600118341 DISHMAN,ARTHUR,APRIL $78,000.00 N
600118342 MOORE,MARLYN $111,000.00 N
600118343 VAFAEEZADEH,ABDULLAH/KATH $180,000.00 N
600118344 SCHROEDER,SUSAN $110,000.00 N
600118346 JOHNSON,JAMES/DEBRA $150,000.00 N
600118347 PEREZ,SUSAN $103,000.00 N
600118348 MAZUR,GREG,ROCHELLE $84,500.00 N
600118349 WILLIAMS,DWIGHT,RUTH $94,000.00 N
600118350 TRICKLE/HANSON,ZOE, GARY $83,000.00 N
600118351 HATCHER,JEFFREY $75,000.00 N
600118355 NEISINGER,DAVID,MARLYS $283,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 14
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118356 SCHWARZ,TAD 5 CASCADE COURT NORTHEAST BELLINGHAM WA 98226 $92,343.27
600118358 KINZIE,KAREN 2417 ORLEANS STREET BELLINGHAM WA 98226 $72,168.70
600118360 PETERSON,KENNETH L,VIRGI 338 NORTH SECOND AVENUE SEQUIM WA 98382 $44,224.94
600118361 FOLTS/DIBLER,ALLEN/MARY S 10020 JUSTIN COURT HAYDEN ID 83835 $59,875.32
600118362 BURKHART,MAXINE 4849 ERLANDS POINT ROAD N BREMERTON WA 98312 $79,894.98
600118363 INGRAHAM,DAVID 3583 NE BROADWAY STREET PORTLAND OR 97232 $108,329.94
600118364 SMITH,DAVID, ANNETTE 2020 HOLLY AVENUE EUGENE OR 97408 $87,850.89
600118365 APPLE,EARL, ALDA 114 EDGEWOOD DRIVE NEWBERG OR 97132 $148,534.55
600118368 MOUNT,HAROLD,VICTORIA 6001 CRYSTAL VIEW DRIVE ORLANDO FL 32819 $125,234.59
600118369 LEBOFFE,DANIEL 2943 EAST BECK LANE PHOENIX AZ 85032 $83,850.15
600118370 GRAMMER,CYNTHIA 9818 NORTH 1ST STREET PHOENIX AZ 85020 $50,588.42
600118371 JACKSON,HOWARD,PATRICIA 686 EAST KYLE DRIVE GILBERT AZ 85296 $94,279.19
600118373 TEW,STEPHEN,CINDY 2112 NORTH ISABEL STREET FLAGSTAFF AZ 86004 $147,429.54
600118374 WEYRICK,CORINNE,VICTOR 4111 HALF MOON CIRCLE SILVER CITY NM 88061 $107,861.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118356 SCHWARZ,TAD 8.875 .250 8.625 .0400 8.585 11/01/2027
600118358 KINZIE,KAREN 8.875 .250 8.625 .0400 8.585 12/01/2027
600118360 PETERSON,KENNETH L,VIRGI 8.875 .250 8.625 .0400 8.585 11/01/2027
600118361 FOLTS/DIBLER,ALLEN/MARY S 7.875 .250 7.625 .0400 7.585 11/01/2027
600118362 BURKHART,MAXINE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118363 INGRAHAM,DAVID 9.250 .250 9.000 .0400 8.960 11/01/2027
600118364 SMITH,DAVID, ANNETTE 8.875 .250 8.625 .0400 8.585 11/01/2027
600118365 APPLE,EARL, ALDA 8.625 .250 8.375 .0400 8.335 11/01/2027
600118368 MOUNT,HAROLD,VICTORIA 8.125 .250 7.875 .0400 7.835 12/01/2027
600118369 LEBOFFE,DANIEL 8.625 .250 8.375 .0400 8.335 11/01/2027
600118370 GRAMMER,CYNTHIA 8.500 .250 8.250 .0400 8.210 12/01/2027
600118371 JACKSON,HOWARD,PATRICIA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118373 TEW,STEPHEN,CINDY 8.750 .250 8.500 .0400 8.460 12/01/2027
600118374 WEYRICK,CORINNE,VICTOR 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118356 SCHWARZ,TAD 535796 $735.97 02/01/1998 360
600118358 KINZIE,KAREN 535806 $574.85 02/01/1998 360
600118360 PETERSON,KENNETH L,VIRGI 535810 $352.47 02/01/1998 360
600118361 FOLTS/DIBLER,ALLEN/MARY S 535815 $435.04 02/01/1998 360
600118362 BURKHART,MAXINE 535863 $594.00 02/01/1998 360
600118363 INGRAHAM,DAVID 535880 $892.60 02/01/1998 360
600118364 SMITH,DAVID, ANNETTE 535896 $700.17 02/01/1998 360
600118365 APPLE,EARL, ALDA 535897 $1,157.35 02/01/1998 360
600118368 MOUNT,HAROLD,VICTORIA 536700 $931.83 02/01/1998 360
600118369 LEBOFFE,DANIEL 537055 $653.34 02/01/1998 360
600118370 GRAMMER,CYNTHIA 537293 $389.45 02/01/1998 360
600118371 JACKSON,HOWARD,PATRICIA 537305 $709.20 02/01/1998 360
600118373 TEW,STEPHEN,CINDY 537369 $1,161.17 02/01/1998 360
600118374 WEYRICK,CORINNE,VICTOR 537392 $811.37 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118356 SCHWARZ,TAD $120,000.00 N
600118358 KINZIE,KAREN $85,000.00 N
600118360 PETERSON,KENNETH L,VIRGI $55,400.00 N
600118361 FOLTS/DIBLER,ALLEN/MARY S $105,000.00 N
600118362 BURKHART,MAXINE $250,000.00 N
600118363 INGRAHAM,DAVID $155,000.00 N
600118364 SMITH,DAVID, ANNETTE $110,000.00 N
600118365 APPLE,EARL, ALDA $186,000.00 N
600118368 MOUNT,HAROLD,VICTORIA $157,000.00 N
600118369 LEBOFFE,DANIEL $130,000.00 N
600118370 GRAMMER,CYNTHIA $67,500.00 N
600118371 JACKSON,HOWARD,PATRICIA $118,011.00 N
600118373 TEW,STEPHEN,CINDY $184,500.00 N
600118374 WEYRICK,CORINNE,VICTOR $135,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 15
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118377 OLSEN,WENDY 8328 EAST SAN SALVADOR DR SCOTTSDALE AZ 85258 $159,505.74
600118379 KARIS,PAUL,MARY 17421 NORTH 83RD DRIVE PEORIA AZ 85382 $136,310.72
600118380 ADLER,ANN 3245 EAST KRISTAL WAY PHOENIX AZ 85024 $103,912.73
600118381 CHONG,GAYLE 8241 EAST ORANGE BLOSSOM SCOTTSDALE AZ 85250 $83,447.00
600118382 EPHRIAM,EPHRIAM,CAROL 6421 EAST CAMINO SANTO SCOTTSDALE AZ 85254 $107,858.22
600118383 STUCKER,LEWIS,LORI 1532 NORTH POWER ROAD MESA AZ 85205 $120,548.60
600118385 ROTHSCHILLER,LYNN,LINDA 4885 EAST SHIPROCK STREET APACHE JUNCTION AZ 85219 $54,929.61
600118386 RATONY,MARK 803 EAST MILLER ROAD PAYSON AZ 85541 $49,908.48
600118387 ALVAREZ,RAFAEL,JUANA 2830 NORTH 57TH DRIVE PHOENIX AZ 85035 $47,417.41
600118388 FISHER,JERRY,BONNIE 1255 JAGUAR LANE MUNDS PARK AZ 86017 $116,974.27
600118389 JEPSON,OLIVIA 17835 NORTH 39TH AVENUE GLENDALE AZ 85308 $83,742.46
600118393 ODELL,DENNIS,LISA 1133 EAST MONONA DRIVE PHOENIX AZ 85024 $135,529.89
600118394 BREWER,JOSEPH 6637 EAST BELLEVIEW STREE SCOTTSDALE AZ 85257 $63,631.96
600118395 GRAVER,FREDERICK,OLGA 10101 NORTH 91ST AVENUE PEORIA AZ 85345 $45,541.64
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118377 OLSEN,WENDY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118379 KARIS,PAUL,MARY 7.875 .250 7.625 .0400 7.585 12/01/2027
600118380 ADLER,ANN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118381 CHONG,GAYLE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118382 EPHRIAM,EPHRIAM,CAROL 8.125 .250 7.875 .0400 7.835 12/01/2027
600118383 STUCKER,LEWIS,LORI 8.375 .250 8.125 .0400 8.085 12/01/2027
600118385 ROTHSCHILLER,LYNN,LINDA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118386 RATONY,MARK 8.500 .250 8.250 .0400 8.210 11/01/2027
600118387 ALVAREZ,RAFAEL,JUANA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118388 FISHER,JERRY,BONNIE 8.250 .250 8.000 .0400 7.960 11/01/2027
600118389 JEPSON,OLIVIA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118393 ODELL,DENNIS,LISA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118394 BREWER,JOSEPH 9.125 .250 8.875 .0400 8.835 12/01/2027
600118395 GRAVER,FREDERICK,OLGA 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118377 OLSEN,WENDY 537429 $1,230.26 02/01/1998 360
600118379 KARIS,PAUL,MARY 537433 $990.44 02/01/1998 360
600118380 ADLER,ANN 537440 $801.21 2 02/01/1998 360
600118381 CHONG,GAYLE 537444 $642.81 2 02/01/1998 360
600118382 EPHRIAM,EPHRIAM,CAROL 537461 $801.90 2 02/01/1998 360
600118383 STUCKER,LEWIS,LORI 537469 $918.17 02/01/1998 360
600118385 ROTHSCHILLER,LYNN,LINDA 537481 $413.20 02/01/1998 360
600118386 RATONY,MARK 537486 $384.46 02/01/1998 360
600118387 ALVAREZ,RAFAEL,JUANA 537487 $373.68 02/01/1998 360
600118388 FISHER,JERRY,BONNIE 537491 $880.48 02/01/1998 360
600118389 JEPSON,OLIVIA 537493 $637.70 02/01/1998 360
600118393 ODELL,DENNIS,LISA 537517 $1,032.18 2 02/01/1998 360
600118394 BREWER,JOSEPH 537520 $518.28 02/01/1998 360
600118395 GRAVER,FREDERICK,OLGA 537521 $342.58 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118377 OLSEN,WENDY $200,000.00 N
600118379 KARIS,PAUL,MARY $171,000.00 N
600118380 ADLER,ANN $115,811.00 N
600118381 CHONG,GAYLE $92,900.00 N
600118382 EPHRIAM,EPHRIAM,CAROL $120,000.00 N
600118383 STUCKER,LEWIS,LORI $151,000.00 N
600118385 ROTHSCHILLER,LYNN,LINDA $138,000.00 N
600118386 RATONY,MARK $143,500.00 N
600118387 ALVAREZ,RAFAEL,JUANA $63,900.00 N
600118388 FISHER,JERRY,BONNIE $146,500.00 N
600118389 JEPSON,OLIVIA $104,900.00 N
600118393 ODELL,DENNIS,LISA $142,960.00 N
600118394 BREWER,JOSEPH $82,000.00 N
600118395 GRAVER,FREDERICK,OLGA $57,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 16
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118397 SOZA,MARCOS,DIANE 6579 WEST ORAIBI DRIVE GLENDALE AZ 85308 $157,976.75
600118398 DE LA CRUZ,DIONICIO 3408 NORTH 70TH DRIVE PHOENIX AZ 85033 $93,536.49
600118399 WALDREP,ROGER 8157 WEST MARYLAND AVENUE GLENDALE AZ 85303 $83,755.63
600118401 WINDLE,CINDY 3845 ORLOFF DRIVE PINE AZ 85544 $74,906.45
600118402 FISCHER/LINDAHL,ROBERT/DO 2301 EAST NISBET ROAD PHOENIX AZ 85022 $68,482.85
600118403 CHANG,KUO,CHEN 9026 NORTH 83RD PLACE SCOTTSDALE AZ 85258 $215,950.31
600118404 ABE,KENNETH,SANDRA 7101 WEST BEARDSLEY ROAD GLENDALE AZ 85308 $77,508.05
600118405 GOSCINSKI,BAXTE,KENNETH,C 331 NORTH SIGNAL BUTTE RO APACHE JUNCTION AZ 85220 $100,443.66
600118407 TRACHTENBERG,JOEL, PATRIC 842 PATTI LANE SHOW LOW AZ 85901 $59,925.16
600118408 SHOPE,HERBERT,ELIZABE 1923 EAST ELLIS CIRCLE MESA AZ 85203 $131,758.38
600118409 ROMAO,FRANK 10640 NORTH 7TH PLACE PHOENIX AZ 85020 $116,192.34
600118410 ORTON,MARK 910 NORTH GRANT SILVER CITY NM 88061 $71,015.74
600118411 HEALEY,MICHAEL 8720 NORTH 67TH DRIVE GLENDALE AZ 85345 $50,984.42
600118412 TOUSLEY,ROY,MYRNA 3038 EAST HOLMES AVENUE MESA AZ 85204 $134,228.01
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118397 SOZA,MARCOS,DIANE 8.375 .250 8.125 .0400 8.085 11/01/2027
600118398 DE LA CRUZ,DIONICIO 8.875 .250 8.625 .0400 8.585 11/01/2027
600118399 WALDREP,ROGER 8.875 .250 8.625 .0400 8.585 12/01/2027
600118401 WINDLE,CINDY 8.375 .250 8.125 .0400 8.085 12/01/2027
600118402 FISCHER/LINDAHL,ROBERT/DO 8.875 .250 8.625 .0400 8.585 12/01/2027
600118403 CHANG,KUO,CHEN 8.750 .250 8.500 .0400 8.460 12/01/2027
600118404 ABE,KENNETH,SANDRA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118405 GOSCINSKI,BAXTE,KENNETH,C 8.875 .250 8.625 .0400 8.585 01/01/2028
600118407 TRACHTENBERG,JOEL, PATRIC 8.375 .250 8.125 .0400 8.085 12/01/2027
600118408 SHOPE,HERBERT,ELIZABE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118409 ROMAO,FRANK 8.625 .250 8.375 .0400 8.335 11/01/2027
600118410 ORTON,MARK 8.625 .250 8.375 .0400 8.335 12/01/2027
600118411 HEALEY,MICHAEL 8.875 .250 8.625 .0400 8.585 11/01/2027
600118412 TOUSLEY,ROY,MYRNA 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118397 SOZA,MARCOS,DIANE 537527 $1,203.19 2 02/01/1998 360
600118398 DE LA CRUZ,DIONICIO 537528 $793.66 2 02/01/1998 360
600118399 WALDREP,ROGER 537543 $667.15 02/01/1998 360
600118401 WINDLE,CINDY 537550 $570.05 02/01/1998 360
600118402 FISCHER/LINDAHL,ROBERT/DO 537565 $545.49 02/01/1998 360
600118403 CHANG,KUO,CHEN 537567 $1,700.85 2 02/01/1998 360
600118404 ABE,KENNETH,SANDRA 537568 $603.56 02/01/1998 360
600118405 GOSCINSKI,BAXTE,KENNETH,C 537579 $799.62 02/01/1998 360
600118407 TRACHTENBERG,JOEL, PATRIC 537586 $456.04 02/01/1998 360
600118408 SHOPE,HERBERT,ELIZABE 537641 $1,014.97 02/01/1998 360
600118409 ROMAO,FRANK 537644 $905.35 02/01/1998 360
600118410 ORTON,MARK 537646 $553.01 2 02/01/1998 360
600118411 HEALEY,MICHAEL 537647 $407.37 02/01/1998 360
600118412 TOUSLEY,ROY,MYRNA 537650 $1,009.70 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118397 SOZA,MARCOS,DIANE $166,666.00 N
600118398 DE LA CRUZ,DIONICIO $105,000.00 N
600118399 WALDREP,ROGER $121,818.00 N
600118401 WINDLE,CINDY $105,000.00 N
600118402 FISCHER/LINDAHL,ROBERT/DO $85,700.00 N
600118403 CHANG,KUO,CHEN $227,625.00 N
600118404 ABE,KENNETH,SANDRA $97,000.00 N
600118405 GOSCINSKI,BAXTE,KENNETH,C $135,000.00 N
600118407 TRACHTENBERG,JOEL, PATRIC $123,500.00 N
600118408 SHOPE,HERBERT,ELIZABE $165,000.00 N
600118409 ROMAO,FRANK $145,500.00 N
600118410 ORTON,MARK $79,000.00 N
600118411 HEALEY,MICHAEL $64,000.00 N
600118412 TOUSLEY,ROY,MYRNA $168,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 17
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118413 FILLEUL,PHILIP,SUZANN 3110 EAST SENECA STREET TUCSON AZ 85716 $71,912.45
600118416 MATTEO,RICARDO 6712 EAST SHARON DRIVE SCOTTSDALE AZ 85254 $127,028.73
600118417 HULS,ERNEST,DOROTHY 5416 EAST EMILE ZOLA AVEN SCOTTSDALE AZ 85254 $197,759.25
600118418 TURNER,ANITA 2417 EAST INVERNESS AVENU MESA AZ 85204 $80,798.84
600118419 ESHE,LUCILLE 1902 BLACKFOOT CIRCLE HEBER AZ 85928 $68,438.38
600118420 LIZANICH,MONICA 2312 EAST WILLIAMS DRIVE PHOENIX AZ 85024 $116,932.69
600118421 SORRELLS,ADAM 1511 WEST SACRAMENTO CHICO CA 95926 $89,727.70
600118423 CABAN,WILLIAM J 3395 FRANKLIN AVENUE MIAMI FL 33133 $127,000.65
600118426 NESBITT,DAVID,NANCY 521 WILLIAMSON PLACE CORPUS CHRISTI TX 78411 $63,568.66
600118427 MASTROIANNI,DONALD 3 GINA DRIVE CENTERPORT NY 11725 $199,416.21
600118428 SHIPKOSKI,MICHAEL,MARGARE 16 HILDRETH STREET SAG HARBOR NY 11963 $151,015.90
600118429 HANSEN,S,DEANN 11911 SOUTH 3085 WEST RIVERTON UT 84065 $159,495.74
600118430 SINGH,BALKER 2893 CORDA DRIVE SAN JOSE CA 95122 $159,469.52
600118431 KLESSIG,PAUL 4982 BELLA COLLINA STREET OCEANSIDE CA 92056 $158,610.60
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118413 FILLEUL,PHILIP,SUZANN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118416 MATTEO,RICARDO 8.000 .250 7.750 .0400 7.710 12/01/2027
600118417 HULS,ERNEST,DOROTHY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118418 TURNER,ANITA 8.500 .250 8.250 .0400 8.210 12/01/2027
600118419 ESHE,LUCILLE 8.875 .250 8.625 .0400 8.585 12/01/2027
600118420 LIZANICH,MONICA 8.750 .250 8.500 .0400 8.460 01/01/2028
600118421 SORRELLS,ADAM 9.000 .250 8.750 .0400 8.710 09/01/2027
600118423 CABAN,WILLIAM J 9.250 .250 9.000 .0400 8.960 11/01/2027
600118426 NESBITT,DAVID,NANCY 8.875 .250 8.625 .0400 8.585 09/01/2027
600118427 MASTROIANNI,DONALD 8.750 .250 8.500 .0400 8.460 09/01/2027
600118428 SHIPKOSKI,MICHAEL,MARGARE 8.375 .250 8.125 .0400 8.085 11/01/2027
600118429 HANSEN,S,DEANN 8.375 .250 8.125 .0400 8.085 09/01/2027
600118430 SINGH,BALKER 8.125 .250 7.875 .0400 7.835 09/01/2027
600118431 KLESSIG,PAUL 8.500 .250 8.250 .0400 8.210 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118413 FILLEUL,PHILIP,SUZANN 537668 $553.62 02/01/1998 360
600118416 MATTEO,RICARDO 537674 $933.35 02/01/1998 360
600118417 HULS,ERNEST,DOROTHY 537676 $1,522.45 2 02/01/1998 360
600118418 TURNER,ANITA 537679 $622.05 2 02/01/1998 360
600118419 ESHE,LUCILLE 537685 $545.41 2 02/01/1998 360
600118420 LIZANICH,MONICA 537699 $920.44 2 02/01/1998 360
600118421 SORRELLS,ADAM 537916 $725.61 12 02/01/1998 360
600118423 CABAN,WILLIAM J 538013 $1,046.44 02/01/1998 360
600118426 NESBITT,DAVID,NANCY 538078 $507.22 02/01/1998 360
600118427 MASTROIANNI,DONALD 538079 $1,573.40 02/01/1998 360
600118428 SHIPKOSKI,MICHAEL,MARGARE 538125 $1,149.99 02/01/1998 360
600118429 HANSEN,S,DEANN 538170 $1,216.12 02/01/1998 360
600118430 SINGH,BALKER 538190 $1,188.00 02/01/1998 360
600118431 KLESSIG,PAUL 538201 $1,222.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118413 FILLEUL,PHILIP,SUZANN $90,000.00 N
600118416 MATTEO,RICARDO $159,000.00 N
600118417 HULS,ERNEST,DOROTHY $220,000.00 N
600118418 TURNER,ANITA $89,900.00 N
600118419 ESHE,LUCILLE $84,500.00 N
600118420 LIZANICH,MONICA $130,000.00 N
600118421 SORRELLS,ADAM $100,200.00 N
600118423 CABAN,WILLIAM J $159,000.00 N
600118426 NESBITT,DAVID,NANCY $85,000.00 N
600118427 MASTROIANNI,DONALD $325,000.00 N
600118428 SHIPKOSKI,MICHAEL,MARGARE $190,000.00 N
600118429 HANSEN,S,DEANN $230,000.00 N
600118430 SINGH,BALKER $200,000.00 N
600118431 KLESSIG,PAUL $212,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 18
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118432 TAMASHIRO,MARIO,GLORIA 2919 ELENA AVENUE WEST COVINA CA 91792 $187,924.50
600118433 HEALEY,LAURETTE 5641 SALOMA AVENUE LOS ANGELES CA 91411 $111,732.65
600118434 SAMUELS,RAE, JACK 2526 EAST GARFIELD AVENUE ORANGE CA 92867 $143,671.90
600118435 CALLAHAN,MARY F. E 37 SCOTTY HOLLOW DR. NORTH CHELMSFOR MA 01863 $94,778.95
600118436 EGGERS,FRITZ, ELIZABET 13201 SEQUOIA COURT CHINO CA 91710 $163,343.58
600118437 HODGES,SUSAN 977 LOBELIA LANE SAN LUIS OBISPO CA 93401 $127,736.40
600118438 MAISTERRENA,MIGUEL,ANITA 13210 SAN ANTONIO AVE CHINO CA 91710 $132,544.21
600118439 BAUMANN,WERNER, GISELA 145 ROMBOUT AVENUE BEACON NY 12508 $127,609.65
600118440 VAKA,JOHN,CLAIRE 360 GROVE STREET MARSHFIELD MA 02050 $81,802.82
600118441 DEL ROSARIO,FERDINAND,EVE 7555 CLAIRE AVENUE LOS ANGELES (RE CA 91335 $103,888.88
600118443 HERBERT,NANCY ANN 236 ILENE DRIVE PLEASANT HILL CA 94523 $164,329.83
600118444 WOLFE,RICHARD GENE 5 TORY COURT BEDMINSTER NJ 07921 $141,436.80
600118445 NUNEZ,ANGEL 11996 GLENMORE DRIVE CORAL SPRINGS FL 33071 $206,965.24
600118446 ADAMS,MARC, DOROTHY 31039 DEL REY ROAD TEMECULA CA 92591 $122,420.78
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118432 TAMASHIRO,MARIO,GLORIA 8.750 .250 8.500 .0400 8.460 10/01/2027
600118433 HEALEY,LAURETTE 8.625 .250 8.375 .0400 8.335 10/01/2027
600118434 SAMUELS,RAE, JACK 8.000 .250 7.750 .0400 7.710 11/01/2027
600118435 CALLAHAN,MARY F. 8.750 .250 8.500 .0400 8.460 10/01/2027
600118436 EGGERS,FRITZ, ELIZABET 9.250 .250 9.000 .0400 8.960 11/01/2027
600118437 HODGES,SUSAN 8.500 .250 8.250 .0400 8.210 10/01/2027
600118438 MAISTERRENA,MIGUEL,ANITA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118439 BAUMANN,WERNER, GISELA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118440 VAKA,JOHN,CLAIRE 8.625 .250 8.375 .0400 8.335 10/01/2027
600118441 DEL ROSARIO,FERDINAND,EVE 9.125 .250 8.875 .0400 8.835 12/01/2027
600118443 HERBERT,NANCY ANN 8.125 .250 7.875 .0400 7.835 10/01/2027
600118444 WOLFE,RICHARD GENE 9.000 .250 8.750 .0400 8.710 10/01/2027
600118445 NUNEZ,ANGEL 8.250 .250 8.000 .0400 7.960 10/01/2027
600118446 ADAMS,MARC, DOROTHY 8.875 .250 8.625 .0400 8.585 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118432 TAMASHIRO,MARIO,GLORIA 538203 $1,488.44 02/01/1998 360
600118433 HEALEY,LAURETTE 538256 $871.12 02/01/1998 360
600118434 SAMUELS,RAE, JACK 538321 $1,056.62 02/01/1998 360
600118435 CALLAHAN,MARY F. 538322 $747.37 02/01/1998 360
600118436 EGGERS,FRITZ, ELIZABET 538334 $1,345.90 12 02/01/1998 360
600118437 HODGES,SUSAN 538338 $984.59 02/01/1998 360
600118438 MAISTERRENA,MIGUEL,ANITA 538339 $997.68 02/01/1998 360
600118439 BAUMANN,WERNER, GISELA 538347 $1,006.98 02/01/1998 360
600118440 VAKA,JOHN,CLAIRE 538356 $637.79 02/01/1998 360
600118441 DEL ROSARIO,FERDINAND,EVE 538359 $846.18 02/01/1998 360
600118443 HERBERT,NANCY ANN 538364 $1,225.12 02/01/1998 360
600118444 WOLFE,RICHARD GENE 538372 $1,140.55 2 02/01/1998 360
600118445 NUNEZ,ANGEL 538373 $1,558.88 02/01/1998 360
600118446 ADAMS,MARC, DOROTHY 538391 $976.26 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118432 TAMASHIRO,MARIO,GLORIA $236,500.00 N
600118433 HEALEY,LAURETTE $140,000.00 N
600118434 SAMUELS,RAE, JACK $215,000.00 N
600118435 CALLAHAN,MARY F. $118,750.00 N
600118436 EGGERS,FRITZ, ELIZABET $182,000.00 N
600118437 HODGES,SUSAN $197,000.00 N
600118438 MAISTERRENA,MIGUEL,ANITA $166,000.00 N
600118439 BAUMANN,WERNER, GISELA $160,000.00 N
600118440 VAKA,JOHN,CLAIRE $196,000.00 N
600118441 DEL ROSARIO,FERDINAND,EVE $150,000.00 N
600118443 HERBERT,NANCY ANN $218,000.00 N
600118444 WOLFE,RICHARD GENE $157,500.00 N
600118445 NUNEZ,ANGEL $275,000.00 N
600118446 ADAMS,MARC, DOROTHY $163,600.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 19
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118447 BAIN/MCGOWAN,DANIEL,PATRI 3799 HARRISON STREET OAKLAND CA 94611 $181,803.66
600118452 LEON,ROBERT, MAYRET 230 WESTMINSTER PLACE LODI NJ 07644 $173,697.47
600118454 JAFFE,BARBARA 129 LA MANCHA WAY SONOMA CA 95476 $114,421.80
600118455 SMITH,CLARIS,BETTY 235 SHETLAND CIRCLE RENO NV 89506 $84,813.25
600118457 MILLER,ANTHONY COLE 126 JEFFRY RANCH CT. CLAYTON CA 94517 $210,651.65
600118459 DENNEY,MARK 290 DONAHUE STREET SAUSALITO CA 94965 $194,624.36
600118460 SIEBERT,RUDY 35703 CALLE MONTIEGO CATHEDRAL CITY CA 92234 $63,882.85
600118461 LING,YI MING,XIU-CHA 617-619-621-623 OAK STREE SONOMA CA 95476 $195,612.75
600118462 CAMPOS,MARCO A 3135 MAPLE AVENUE #3 OAKLAND CA 94602 $181,666.89
600118464 BOWENS,WILLIAM, NANCY 401 RAMONA AVENUE MONTEREY CA 93940 $186,224.81
600118465 BALABANIAN,SETRAK 1866 CHESSON STREET DUARTE CA 91010 $115,688.62
600118466 EVANS,JACK, MARY 16 TRAWLER LAGUNA NIGUEL CA 92677 $178,863.52
600118468 FOWBLE,ROGER 16505 OAKWOOD WAY PINE MOUNTAIN C CA 93222 $43,118.88
600118469 ENGLEMANN,BERNADETTE 707 WEST LA VERNE STREET ANAHEIM CA 92805 $109,777.10
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118447 BAIN/MCGOWAN,DANIEL,PATRI 8.500 .250 8.250 .0400 8.210 10/01/2027
600118452 LEON,ROBERT, MAYRET 8.750 .250 8.500 .0400 8.460 11/01/2027
600118454 JAFFE,BARBARA 8.375 .250 8.125 .0400 8.085 10/01/2027
600118455 SMITH,CLARIS,BETTY 9.125 .250 8.875 .0400 8.835 11/01/2027
600118457 MILLER,ANTHONY COLE 9.000 .250 8.750 .0400 8.710 11/01/2027
600118459 DENNEY,MARK 8.250 .250 8.000 .0400 7.960 11/01/2027
600118460 SIEBERT,RUDY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118461 LING,YI MING,XIU-CHA 8.125 .250 7.875 .0400 7.835 11/01/2027
600118462 CAMPOS,MARCO A 8.500 .250 8.250 .0400 8.210 11/01/2027
600118464 BOWENS,WILLIAM, NANCY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118465 BALABANIAN,SETRAK 8.250 .250 8.000 .0400 7.960 11/10/2027
600118466 EVANS,JACK, MARY 8.375 .250 8.125 .0400 8.085 11/01/2027
600118468 FOWBLE,ROGER 8.375 .250 8.125 .0400 8.085 11/01/2027
600118469 ENGLEMANN,BERNADETTE 8.000 .250 7.750 .0400 7.710 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118447 BAIN/MCGOWAN,DANIEL,PATRI 538442 $1,401.34 02/01/1998 360
600118452 LEON,ROBERT, MAYRET 538541 $1,368.86 02/01/1998 360
600118454 JAFFE,BARBARA 538619 $871.80 02/01/1998 360
600118455 SMITH,CLARIS,BETTY 538621 $691.59 02/01/1998 360
600118457 MILLER,ANTHONY COLE 538631 $1,697.75 02/01/1998 360
600118459 DENNEY,MARK 538652 $1,464.97 02/01/1998 360
600118460 SIEBERT,RUDY 538654 $492.10 02/01/1998 360
600118461 LING,YI MING,XIU-CHA 538669 $1,455.29 02/01/1998 360
600118462 CAMPOS,MARCO A 538671 $1,399.42 02/01/1998 360
600118464 BOWENS,WILLIAM, NANCY 538686 $1,454.47 02/01/1998 360
600118465 BALABANIAN,SETRAK 538727 $878.98 2 02/01/1998 360
600118466 EVANS,JACK, MARY 538739 $1,362.05 02/01/1998 360
600118468 FOWBLE,ROGER 538749 $328.35 12 02/01/1998 360
600118469 ENGLEMANN,BERNADETTE 538791 $807.14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118447 BAIN/MCGOWAN,DANIEL,PATRI $243,000.00 N
600118452 LEON,ROBERT, MAYRET $232,000.00 N
600118454 JAFFE,BARBARA $152,950.00 N
600118455 SMITH,CLARIS,BETTY $210,000.00 N
600118457 MILLER,ANTHONY COLE $265,000.00 N
600118459 DENNEY,MARK $260,000.00 N
600118460 SIEBERT,RUDY $80,000.00 N
600118461 LING,YI MING,XIU-CHA $245,000.00 N
600118462 CAMPOS,MARCO A $300,000.00 N
600118464 BOWENS,WILLIAM, NANCY $250,000.00 N
600118465 BALABANIAN,SETRAK $130,000.00 N
600118466 EVANS,JACK, MARY $224,000.00 N
600118468 FOWBLE,ROGER $48,000.00 N
600118469 ENGLEMANN,BERNADETTE $140,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 20
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118471 TREACY,CAROL 994 DANIEL DRIVE PETALUMA CA 94954 $136,749.25
600118472 REED,MERLE, SHARON 22632 CASS AVENUE WOODLAND HILLS CA 91364 $197,628.23
600118473 SLUPSKY,LINDA 304 N WAVERLY STREET ORANGE CA 92612 $104,817.42
600118474 DOMINGUEZ,MARIA T 8505 NW 3 LANE UNIT 1012 MIAMI FL 33126 $62,147.22
600118475 ZORRERO,RACHEL 808-812 HIGHLAND AVENUE GLENDALE CA 91202 $167,692.52
600118479 JACKSON,BERNIE C 148-37 HOOK CREEK BLVD ROSEDALE NY 11422 $205,396.94
600118480 SINGER,JIM M 120 CONNETT PLACE SOUTH ORANGE NJ 07079 $144,333.13
600118481 BRADSHAW,PAULINE 266 NE 30 STREET POMPANO BEACH FL 33064 $60,727.94
600118482 EHRLICHMAN,BARRY 28882 ISLETA COURT CATHEDRAL CITY CA 92234 $55,892.13
600118483 ASHLEIGH,DAVID, MARTHA 77 AVALON TERRACE ROAD AVALON CA 90704 $134,765.27
600118484 LOUIS,ANDREW,KATHERIN 695 MOFFAT STREET ERIE CO 80516 $164,720.45
600118485 LE,LY HUU 1569 BROOKSIDE DRIVE SAN LEANDRO CA 94577 $121,615.29
600118487 WONG,CHESTER/HELEN 510 COURTYARD CIRCLE SANTA ROSA CA 95407 $74,896.44
600118488 BAKER,JOHN/LOIS 5223 VICTOR AVENUE EL CERRITO CA 94530 $121,995.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118471 TREACY,CAROL 8.500 .250 8.250 .0400 8.210 11/01/2027
600118472 REED,MERLE, SHARON 8.375 .250 8.125 .0400 8.085 11/01/2027
600118473 SLUPSKY,LINDA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118474 DOMINGUEZ,MARIA T 9.000 .250 8.750 .0400 8.710 11/01/2027
600118475 ZORRERO,RACHEL 8.500 .250 8.250 .0400 8.210 11/01/2027
600118479 JACKSON,BERNIE C 9.500 .250 9.250 .0400 9.210 12/01/2027
600118480 SINGER,JIM M 8.750 .250 8.500 .0400 8.460 12/01/2027
600118481 BRADSHAW,PAULINE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118482 EHRLICHMAN,BARRY 8.250 .250 8.000 .0400 7.960 11/01/2027
600118483 ASHLEIGH,DAVID, MARTHA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118484 LOUIS,ANDREW,KATHERIN 8.875 .250 8.625 .0400 8.585 11/01/2027
600118485 LE,LY HUU 8.250 .250 8.000 .0400 7.960 11/01/2027
600118487 WONG,CHESTER/HELEN 7.875 .250 7.625 .0400 7.585 12/01/2027
600118488 BAKER,JOHN/LOIS 7.875 .250 7.625 .0400 7.585 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118471 TREACY,CAROL 538794 $1,053.41 02/01/1998 360
600118472 REED,MERLE, SHARON 538808 $1,504.94 1 02/01/1998 360
600118473 SLUPSKY,LINDA 538814 $826.04 02/01/1998 360
600118474 DOMINGUEZ,MARIA T 538817 $500.88 02/01/1998 360
600118475 ZORRERO,RACHEL 538832 $1,291.77 02/01/1998 360
600118479 JACKSON,BERNIE C 538865 $1,728.80 02/01/1998 360
600118480 SINGER,JIM M 538868 $1,136.78 02/01/1998 360
600118481 BRADSHAW,PAULINE 538869 $472.90 02/01/1998 360
600118482 EHRLICHMAN,BARRY 538881 $420.71 02/01/1998 360
600118483 ASHLEIGH,DAVID, MARTHA 538894 $1,062.05 02/01/1998 360
600118484 LOUIS,ANDREW,KATHERIN 539741 $1,312.81 02/01/1998 360
600118485 LE,LY HUU 539767 $915.42 02/01/1998 360
600118487 WONG,CHESTER/HELEN 539781 $543.80 02/01/1998 360
600118488 BAKER,JOHN/LOIS 539790 $886.40 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118471 TREACY,CAROL $185,000.00 N
600118472 REED,MERLE, SHARON $235,000.00 N
600118473 SLUPSKY,LINDA $150,000.00 N
600118474 DOMINGUEZ,MARIA T $83,000.00 N
600118475 ZORRERO,RACHEL $210,000.00 N
600118479 JACKSON,BERNIE C $257,000.00 N
600118480 SINGER,JIM M $170,000.00 N
600118481 BRADSHAW,PAULINE $76,000.00 N
600118482 EHRLICHMAN,BARRY $70,000.00 N
600118483 ASHLEIGH,DAVID, MARTHA $220,000.00 N
600118484 LOUIS,ANDREW,KATHERIN $220,000.00 N
600118485 LE,LY HUU $162,500.00 N
600118487 WONG,CHESTER/HELEN $147,500.00 N
600118488 BAKER,JOHN/LOIS $163,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 21
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118489 ODIGIE,WILLIAM 2261 AND 2265 82ND AVENUE OAKLAND CA 94605 $66,119.51
600118490 MITCHEOM,JOHN 759 CENTRAL AVENUE ALAMEDA CA 94501 $209,731.26
600118492 HELLING,KENNETH,ANNA 1604 EAST OAK AVENUE LOMPOC CA 93436 $85,780.06
600118493 DONOHUE,DANIEL,LESLIE 2043 & 2045 E ASHCROFT AV FRESNO CA 93726 $67,673.42
600118494 YOUNG,CHERYL 22921 SWAN LANE BAKERSFIELD CA 93312 $82,640.51
600118495 GILMORE,BRENT,PAMELA 806 SAN PASQUAL ROAD LOMPOC CA 93436 $204,730.89
600118496 BUENAVISTA,JULIO,BEATRIZ 1009 WEST NECTARINE AVENU LOMPOC CA 93436 $97,811.24
600118497 DOBBINS,KATHLEEN 8900 NAPA VALLEY WAY SACRAMENTO CA 95829 $111,457.19
600118498 WEEKS,JOSEPH 21814 EAGLE PEAK DRIVE COTTONWOOD CA 96022 $49,189.35
600118500 HUFF,BARBARA 3415 SOUTH JACKIE STREET VISALIA CA 93277 $49,969.71
600118501 SHUPE,OPAL 643 JOETTE DRIVE GARDNERVILLE NV 89410 $56,895.68
600118502 MCCARTY,RONALD,PATRICIA 122 MAIN STREET COPPEROPOLIS CA 95228 $88,361.08
600118504 SERABIAN,SERGE 2729 WEST FAIRMONT AVENUE FRESNO CA 93705 $16,302.33
600118505 HURZEL/JOHNSON,GAIL/CLARE 4514 PLEASANT VALLEY ROAD PLACERVILLE CA 95667 $68,064.96
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118489 ODIGIE,WILLIAM 8.500 .250 8.250 .0400 8.210 12/01/2027
600118490 MITCHEOM,JOHN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118492 HELLING,KENNETH,ANNA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118493 DONOHUE,DANIEL,LESLIE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118494 YOUNG,CHERYL 8.250 .250 8.000 .0400 7.960 11/01/2027
600118495 GILMORE,BRENT,PAMELA 8.125 .250 7.875 .0400 7.835 12/01/2027
600118496 BUENAVISTA,JULIO,BEATRIZ 8.250 .250 8.000 .0400 7.960 11/01/2027
600118497 DOBBINS,KATHLEEN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118498 WEEKS,JOSEPH 8.125 .250 7.875 .0400 7.835 12/01/2027
600118500 HUFF,BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600118501 SHUPE,OPAL 8.500 .250 8.250 .0400 8.210 11/01/2027
600118502 MCCARTY,RONALD,PATRICIA 7.750 .250 7.500 .0400 7.460 11/01/2027
600118504 SERABIAN,SERGE 8.625 .250 8.375 .0400 8.335 11/01/2027
600118505 HURZEL/JOHNSON,GAIL/CLARE 8.250 .250 8.000 .0400 7.960 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118489 ODIGIE,WILLIAM 539799 $509.02 02/01/1998 360
600118490 MITCHEOM,JOHN 539814 $1,577.66 02/01/1998 360
600118492 HELLING,KENNETH,ANNA 540003 $646.09 02/01/1998 360
600118493 DONOHUE,DANIEL,LESLIE 540023 $522.86 2 02/01/1998 360
600118494 YOUNG,CHERYL 540032 $622.05 02/01/1998 360
600118495 GILMORE,BRENT,PAMELA 540049 $1,522.12 02/01/1998 360
600118496 BUENAVISTA,JULIO,BEATRIZ 540063 $736.24 02/01/1998 360
600118497 DOBBINS,KATHLEEN 540116 $838.41 02/01/1998 360
600118498 WEEKS,JOSEPH 540151 $371.25 02/01/1998 360
600118500 HUFF,BARBARA 540489 $384.46 02/01/1998 360
600118501 SHUPE,OPAL 540635 $438.28 02/01/1998 360
600118502 MCCARTY,RONALD,PATRICIA 540642 $635.10 02/01/1998 360
600118504 SERABIAN,SERGE 540649 $127.56 02/01/1998 360
600118505 HURZEL/JOHNSON,GAIL/CLARE 540655 $514.62 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118489 ODIGIE,WILLIAM $82,750.00 N
600118490 MITCHEOM,JOHN $410,000.00 N
600118492 HELLING,KENNETH,ANNA $107,500.00 N
600118493 DONOHUE,DANIEL,LESLIE $80,000.00 N
600118494 YOUNG,CHERYL $138,000.00 N
600118495 GILMORE,BRENT,PAMELA $280,000.00 N
600118496 BUENAVISTA,JULIO,BEATRIZ $124,000.00 N
600118497 DOBBINS,KATHLEEN $139,500.00 N
600118498 WEEKS,JOSEPH $91,000.00 N
600118500 HUFF,BARBARA $114,000.00 N
600118501 SHUPE,OPAL $135,000.00 N
600118502 MCCARTY,RONALD,PATRICIA $120,000.00 N
600118504 SERABIAN,SERGE $20,500.00 N
600118505 HURZEL/JOHNSON,GAIL/CLARE $98,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 22
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118506 MEEKER,JOSEPH,PATRICIA 19277 DEER HILL ROAD MIDDLETOWN CA 95461 $114,092.24
600118507 MCCARDY,MICHAEL 1524 CHESTNUT ST. CHICO CA 95928 $89,847.51
600118508 ALLRED,SCOTT 6699 SOUTH FOWLER AVENUE FOWLER CA 93625 $64,924.92
600118510 NARVAEZ,MERCEDES 119 ROCKWOOD DRIVE SOUTH SAN FRANC CA 94014 $199,584.37
600118511 HASEK,RAYMOND,NANCY 312 K STREET DAVIS CA 95616 $128,751.54
600118512 KAUTTER,LINDA 780 RED HILL WAY PARADISE CA 95969 $21,214.00
600118513 COSTELLO,TIMOTHY 7009 & 7011 HOLLAND AVENU CITRUS HEIGHTS CA 95621 $95,098.29
600118514 COSTELLO,TIMOTHY 7005 & 7007 HOLLAND AVENU CITRUS HEIGHTS CA 95621 $95,098.29
600118515 COSTELLO,TIMOTHY 7013 & 7015 HOLLAND AVENU CITRUS HEIGHTS CA 95621 $95,098.29
600118516 REXROAD,PATRICK,KERRY 1537 PLATEAU CIRCLE SOUTH LAKE TAHO CA 96150 $179,760.00
600118517 HENRY,WILLIAM,CAROL 12746 QUAKER HILL CROSS R NEVADA CITY CA 95959 $211,714.56
600118518 KIM,SUN 3007 BROOKSIDE DRIVE A, B BAKERSFIELD CA 93311 $186,190.23
600118519 DELONG,INA 60 MOONLIT CIRCLE SACRAMENTO CA 95831 $123,922.93
600118521 ERNST,CHRIS, TRACY 10300 MARTIS VALLEY ROAD TRUCKEE CA 96161 $118,858.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118506 MEEKER,JOSEPH,PATRICIA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118507 MCCARDY,MICHAEL 8.875 .250 8.625 .0400 8.585 11/01/2027
600118508 ALLRED,SCOTT 8.750 .250 8.500 .0400 8.460 12/01/2027
600118510 NARVAEZ,MERCEDES 7.875 .250 7.625 .0400 7.585 11/01/2027
600118511 HASEK,RAYMOND,NANCY 8.250 .250 8.000 .0400 7.960 11/01/2027
600118512 KAUTTER,LINDA 8.875 .250 8.625 .0400 8.585 11/01/2027
600118513 COSTELLO,TIMOTHY 9.125 .250 8.875 .0400 8.835 12/01/2027
600118514 COSTELLO,TIMOTHY 9.125 .250 8.875 .0400 8.835 12/01/2027
600118515 COSTELLO,TIMOTHY 9.125 .250 8.875 .0400 8.835 12/01/2027
600118516 REXROAD,PATRICK,KERRY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118517 HENRY,WILLIAM,CAROL 8.000 .250 7.750 .0400 7.710 12/01/2027
600118518 KIM,SUN 8.875 .250 8.625 .0400 8.585 12/01/2027
600118519 DELONG,INA 8.375 .250 8.125 .0400 8.085 01/01/2028
600118521 ERNST,CHRIS, TRACY 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118506 MEEKER,JOSEPH,PATRICIA 540666 $828.39 02/01/1998 360
600118507 MCCARDY,MICHAEL 540702 $716.08 02/01/1998 360
600118508 ALLRED,SCOTT 540709 $511.36 02/01/1998 360
600118510 NARVAEZ,MERCEDES 540747 $1,450.14 02/01/1998 360
600118511 HASEK,RAYMOND,NANCY 540755 $969.13 02/01/1998 360
600118512 KAUTTER,LINDA 540759 $169.07 02/01/1998 360
600118513 COSTELLO,TIMOTHY 540765 $774.58 02/01/1998 360
600118514 COSTELLO,TIMOTHY 540766 $774.58 02/01/1998 360
600118515 COSTELLO,TIMOTHY 540767 $774.58 02/01/1998 360
600118516 REXROAD,PATRICK,KERRY 540776 $1,384.04 02/01/1998 360
600118517 HENRY,WILLIAM,CAROL 540780 $1,555.58 02/01/1998 360
600118518 KIM,SUN 540804 $1,483.08 02/01/1998 360
600118519 DELONG,INA 540806 $942.49 02/01/1998 360
600118521 ERNST,CHRIS, TRACY 540813 $925.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118506 MEEKER,JOSEPH,PATRICIA $149,000.00 N
600118507 MCCARDY,MICHAEL $120,000.00 N
600118508 ALLRED,SCOTT $150,500.00 N
600118510 NARVAEZ,MERCEDES $270,000.00 N
600118511 HASEK,RAYMOND,NANCY $255,000.00 N
600118512 KAUTTER,LINDA $91,250.00 N
600118513 COSTELLO,TIMOTHY $119,000.00 N
600118514 COSTELLO,TIMOTHY $119,000.00 N
600118515 COSTELLO,TIMOTHY $119,000.00 N
600118516 REXROAD,PATRICK,KERRY $240,000.00 N
600118517 HENRY,WILLIAM,CAROL $265,000.00 N
600118518 KIM,SUN $233,000.00 N
600118519 DELONG,INA $155,000.00 N
600118521 ERNST,CHRIS, TRACY $170,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 23
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118522 HILSTAD,PATRICE 409 MILL STREET GRASS VALLEY CA 95945 $69,910.41
600118523 CONGDON/SERRANO,KURTIS/JO 13234 WILLOW VALLEY ROAD NEVADA CITY CA 95959 $137,708.78
600118524 ESPINOZA,DAVID,JUANITA 38063 MEADOW WOOD STREET PALMDALE CA 93552 $39,953.81
600118525 PODESTA,ALFRED,MARION 22929 HIDDEN RANCH ROAD AUBURN CA 95602 $144,613.75
600118526 UNDERHILL,DAVE,DENISE 11734 SHERWOOD WAY AUBURN CA 95602 $148,261.74
600118528 PULITI,PHILLIP 4695 SOUTH CACTUS HILLS D SPARKS NV 89436 $106,061.93
600118529 ADAMS,LISA 10504 WHITE HEATH COURT LAS VEGAS NV 89134 $93,633.26
600118530 SALGADO,ENRIQUE,JOSEFIN 803 SOUTH THIRD STREET EL CENTRO CA 92243 $127,788.67
600118531 COVEY,WAYNE,PATRICIA 17810 HAINES STREET PERRIS CA 92570 $55,938.59
600118532 HILLS,ISABEL 601 INDIAN ROW COURT HENDERSON NV 89015 $89,490.67
600118533 BROOKS,MICHAEL 3086-A & B CLAY AVENUE SAN DIEGO CA 92113 $69,671.51
600118534 TOUYE,ODE,CAROLE 1330 SOUTH 7TH STREET LAS VEGAS NV 89104 $145,235.97
600118535 AKIBA,DAVID 28622 VIA REGGIO LAGUNA NIGUEL CA 92677 $184,933.89
600118536 SCOTT,WINFIELD/BARBAR 129 EUROPA STREET ENCINITAS CA 92024 $163,368.32
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118522 HILSTAD,PATRICE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118523 CONGDON/SERRANO,KURTIS/JO 7.875 .250 7.625 .0400 7.585 12/01/2027
600118524 ESPINOZA,DAVID,JUANITA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118525 PODESTA,ALFRED,MARION 8.250 .250 8.000 .0400 7.960 12/01/2027
600118526 UNDERHILL,DAVE,DENISE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118528 PULITI,PHILLIP 9.000 .250 8.750 .0400 8.710 01/01/2028
600118529 ADAMS,LISA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118530 SALGADO,ENRIQUE,JOSEFIN 9.000 .250 8.750 .0400 8.710 11/01/2027
600118531 COVEY,WAYNE,PATRICIA 9.000 .250 8.750 .0400 8.710 12/01/2027
600118532 HILLS,ISABEL 8.500 .250 8.250 .0400 8.210 12/01/2027
600118533 BROOKS,MICHAEL 8.875 .250 8.625 .0400 8.585 12/01/2027
600118534 TOUYE,ODE,CAROLE 8.625 .250 8.375 .0400 8.335 11/01/2027
600118535 AKIBA,DAVID 8.125 .250 7.875 .0400 7.835 11/01/2027
600118536 SCOTT,WINFIELD/BARBAR 7.750 .250 7.500 .0400 7.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118522 HILSTAD,PATRICE 540818 $525.89 02/01/1998 360
600118523 CONGDON/SERRANO,KURTIS/JO 540828 $1,000.60 02/01/1998 360
600118524 ESPINOZA,DAVID,JUANITA 540837 $314.68 02/01/1998 360
600118525 PODESTA,ALFRED,MARION 540842 $1,089.34 02/01/1998 360
600118526 UNDERHILL,DAVE,DENISE 540849 $1,141.84 02/01/1998 360
600118528 PULITI,PHILLIP 540876 $855.47 02/01/1998 360
600118529 ADAMS,LISA 541226 $712.95 02/01/1998 360
600118530 SALGADO,ENRIQUE,JOSEFIN 541273 $1,029.92 02/01/1998 360
600118531 COVEY,WAYNE,PATRICIA 541323 $450.59 02/01/1998 360
600118532 HILLS,ISABEL 541332 $688.95 02/01/1998 360
600118533 BROOKS,MICHAEL 541501 $554.96 02/01/1998 360
600118534 TOUYE,ODE,CAROLE 541609 $1,135.57 02/01/1998 360
600118535 AKIBA,DAVID 541675 $1,375.85 02/01/1998 360
600118536 SCOTT,WINFIELD/BARBAR 541727 $1,172.05 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118522 HILSTAD,PATRICE $100,000.00 N
600118523 CONGDON/SERRANO,KURTIS/JO $188,000.00 N
600118524 ESPINOZA,DAVID,JUANITA $66,000.00 N
600118525 PODESTA,ALFRED,MARION $664,000.00 N
600118526 UNDERHILL,DAVE,DENISE $175,000.00 N
600118528 PULITI,PHILLIP $132,900.00 N
600118529 ADAMS,LISA $118,740.00 N
600118530 SALGADO,ENRIQUE,JOSEFIN $160,000.00 N
600118531 COVEY,WAYNE,PATRICIA $70,000.00 N
600118532 HILLS,ISABEL $112,000.00 N
600118533 BROOKS,MICHAEL $93,000.00 N
600118534 TOUYE,ODE,CAROLE $216,000.00 N
600118535 AKIBA,DAVID $247,091.00 N
600118536 SCOTT,WINFIELD/BARBAR $206,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 24
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118537 PEREZ,HIRAM,CYNTHIA 8631 & 8641 LIVE OAK AVEN FONTANA CA 92335 $158,908.62
600118538 JULIANA,CHARLES,CHERYL 272 CORTE SAN MARCO PALM DESSERT CA 92260 $109,524.57
600118540 TABOR,BERNADINE 14710 TANNER TRAIL ELBERT CO 80106 $130,977.69
600118541 BRUNER,C LOUISE 1424 BRETT PLACE LOS ANGELES CA 90732 $99,916.11
600118542 GARCIA,EMERITA 501 MOUNTAIN VIEW STREET ALTADENA AREA CA 91001 $104,802.83
600118544 POWELL,BENT 2113 PEACHWOOD LANE SANTA ANA CA 92705 $128,544.77
600118545 POWELL,BENT,CAROLYN 1349 WEST ASH AVENUE FULLERTON CA 92833 $89,758.67
600118547 LIN,ANDY,JANE 19340 STEFANI AVENUE CERRITOS CA 90703 $170,670.62
600118548 HAMADA,NORIKO 2800 PLAZA DEL AMO TORRANCE CA 90503 $85,842.59
600118549 DAVIS,SAM/BARBARA 14526 SOUTH NORMANDIE AVE GARDENA CA 90247 $215,763.16
600118550 PHANNARAJ,PAUL,SARA 1558 SOUTH ENSENADA STREE AURORA CO 80017 $115,687.87
600118551 WRAGG,BARBARA 10355 110TH WAY NORTH LARGO FL 34648 $41,950.24
600118552 DAY,DOUGLAS,KAYDEEN 4291 CAMPO STEEET WEST VALLEY CIT UT 84119 $80,843.97
600118554 MCDERMOTT/PARSO,JAMES/NAN 1330 WEST INDIAN HILLS DR ST. GEORGE UT 84770 $83,902.99
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118537 PEREZ,HIRAM,CYNTHIA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118538 JULIANA,CHARLES,CHERYL 7.875 .250 7.625 .0400 7.585 01/01/2028
600118540 TABOR,BERNADINE 8.875 .250 8.625 .0400 8.585 11/01/2027
600118541 BRUNER,C LOUISE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118542 GARCIA,EMERITA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118544 POWELL,BENT 8.500 .250 8.250 .0400 8.210 11/01/2027
600118545 POWELL,BENT,CAROLYN 8.750 .250 8.500 .0400 8.460 11/01/2027
600118547 LIN,ANDY,JANE 8.250 .250 8.000 .0400 7.960 11/01/2027
600118548 HAMADA,NORIKO 8.500 .250 8.250 .0400 8.210 11/01/2027
600118549 DAVIS,SAM/BARBARA 9.000 .250 8.750 .0400 8.710 12/01/2027
600118550 PHANNARAJ,PAUL,SARA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118551 WRAGG,BARBARA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118552 DAY,DOUGLAS,KAYDEEN 8.250 .250 8.000 .0400 7.960 11/01/2027
600118554 MCDERMOTT/PARSO,JAMES/NAN 8.750 .250 8.500 .0400 8.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118537 PEREZ,HIRAM,CYNTHIA 541749 $1,224.11 02/01/1998 360
600118538 JULIANA,CHARLES,CHERYL 541833 $794.68 02/01/1998 360
600118540 TABOR,BERNADINE 541919 $1,043.89 02/01/1998 360
600118541 BRUNER,C LOUISE 542231 $748.44 02/01/1998 360
600118542 GARCIA,EMERITA 542722 $798.08 02/01/1998 360
600118544 POWELL,BENT 542755 $990.36 02/01/1998 360
600118545 POWELL,BENT,CAROLYN 542756 $708.03 02/01/1998 360
600118547 LIN,ANDY,JANE 542780 $1,284.67 02/01/1998 360
600118548 HAMADA,NORIKO 542781 $661.27 02/01/1998 360
600118549 DAVIS,SAM/BARBARA 542828 $1,737.98 02/01/1998 360
600118550 PHANNARAJ,PAUL,SARA 543030 $891.17 2 02/01/1998 360
600118551 WRAGG,BARBARA 543091 $326.67 02/01/1998 360
600118552 DAY,DOUGLAS,KAYDEEN 543121 $608.53 02/01/1998 360
600118554 MCDERMOTT/PARSO,JAMES/NAN 543307 $660.83 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118537 PEREZ,HIRAM,CYNTHIA $199,000.00 N
600118538 JULIANA,CHARLES,CHERYL $137,000.00 N
600118540 TABOR,BERNADINE $164,000.00 N
600118541 BRUNER,C LOUISE $173,000.00 N
600118542 GARCIA,EMERITA $176,000.00 N
600118544 POWELL,BENT $184,000.00 N
600118545 POWELL,BENT,CAROLYN $162,000.00 N
600118547 LIN,ANDY,JANE $245,000.00 N
600118548 HAMADA,NORIKO $220,000.00 N
600118549 DAVIS,SAM/BARBARA $270,000.00 N
600118550 PHANNARAJ,PAUL,SARA $122,000.00 N
600118551 WRAGG,BARBARA $90,000.00 N
600118552 DAY,DOUGLAS,KAYDEEN $108,000.00 N
600118554 MCDERMOTT/PARSO,JAMES/NAN $105,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 25
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118555 MECHAM,MARJA 61 NORTH 775 EAST AMERICAN FORK UT 84003 $105,065.38
600118556 ZIMMERMAN,JAN 92 SOUTH 360 WEST OREM UT 84058 $119,854.09
600118557 BACHUS,TONI 1354 CELIA WAY LAYTON UT 84041 $60,896.60
600118558 RIEBEN,CHARLES,NANCY 137 WEST 1015 NORTH OREM UT 84057 $159,735.82
600118559 AKIN,MICHAEL,PAMELA 5014 WEST 12400 SOUTH SPRING LAKE UT 84651 $83,838.21
600118560 MCGOOKEY,DENNIS 301 ELBERT WAY DENVER CO 80221 $76,303.49
600118561 GIPSON,MARK 130 WEST BAYAUD STREET DENVER CO 80223 $58,027.53
600118562 SORENSEN,MICHAEL,ROSE 216 EAST SECOND AVENUE MIDVALE UT 84047 $131,804.22
600118565 BELLITTI,JOSEPH,LORI 942 EAST 110 SOUTH LINDON UT 84042 $169,759.26
600118567 BLOMFIELD,JEAN 6969 HARVEST ROAD BOULDER CO 80301 $211,591.63
600118568 PRESTWICH,DEAN,HOPE 274 NORTH 250 EAST OREM UT 84057 $84,622.66
600118570 REMKES,PIETER 690 WEST STATE ROAD SALEM UT 84653 $62,929.10
600118572 ECK,DEBORAH 30915 HIGHWAY 131 STEAMBOAT SPRIN CO 80487 $207,071.21
600118573 AMMONS,DANNY 5541 LANTANA CIRCLE COLORDAO SPRING CO 80915 $97,016.14
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118555 MECHAM,MARJA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118556 ZIMMERMAN,JAN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118557 BACHUS,TONI 8.875 .250 8.625 .0400 8.585 11/01/2027
600118558 RIEBEN,CHARLES,NANCY 9.000 .250 8.750 .0400 8.710 11/01/2027
600118559 AKIN,MICHAEL,PAMELA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118560 MCGOOKEY,DENNIS 8.375 .250 8.125 .0400 8.085 12/01/2027
600118561 GIPSON,MARK 8.375 .250 8.125 .0400 8.085 12/01/2027
600118562 SORENSEN,MICHAEL,ROSE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118565 BELLITTI,JOSEPH,LORI 7.750 .250 7.500 .0400 7.460 12/01/2027
600118567 BLOMFIELD,JEAN 8.250 .250 8.000 .0400 7.960 11/01/2027
600118568 PRESTWICH,DEAN,HOPE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118570 REMKES,PIETER 8.875 .250 8.625 .0400 8.585 12/01/2027
600118572 ECK,DEBORAH 8.375 .250 8.125 .0400 8.085 01/01/2028
600118573 AMMONS,DANNY 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118555 MECHAM,MARJA 543313 $790.33 02/01/1998 360
600118556 ZIMMERMAN,JAN 543323 $922.70 02/01/1998 360
600118557 BACHUS,TONI 543327 $485.34 02/01/1998 360
600118558 RIEBEN,CHARLES,NANCY 543334 $1,287.40 02/01/1998 360
600118559 AKIN,MICHAEL,PAMELA 543335 $631.06 02/01/1998 360
600118560 MCGOOKEY,DENNIS 543357 $583.74 02/01/1998 360
600118561 GIPSON,MARK 543372 $441.60 02/01/1998 360
600118562 SORENSEN,MICHAEL,ROSE 543376 $1,014.97 02/01/1998 360
600118565 BELLITTI,JOSEPH,LORI 543400 $1,217.90 02/01/1998 360
600118567 BLOMFIELD,JEAN 543413 $1,592.69 02/01/1998 360
600118568 PRESTWICH,DEAN,HOPE 543420 $653.58 02/01/1998 360
600118570 REMKES,PIETER 543458 $501.26 02/01/1998 360
600118572 ECK,DEBORAH 543479 $1,574.87 02/01/1998 360
600118573 AMMONS,DANNY 543480 $738.79 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118555 MECHAM,MARJA $131,500.00 N
600118556 ZIMMERMAN,JAN $150,000.00 N
600118557 BACHUS,TONI $96,000.00 N
600118558 RIEBEN,CHARLES,NANCY $257,000.00 N
600118559 AKIN,MICHAEL,PAMELA $170,000.00 N
600118560 MCGOOKEY,DENNIS $96,000.00 N
600118561 GIPSON,MARK $77,500.00 N
600118562 SORENSEN,MICHAEL,ROSE $165,000.00 N
600118565 BELLITTI,JOSEPH,LORI $231,000.00 N
600118567 BLOMFIELD,JEAN $265,000.00 N
600118568 PRESTWICH,DEAN,HOPE $143,000.00 N
600118570 REMKES,PIETER $105,000.00 N
600118572 ECK,DEBORAH $270,000.00 N
600118573 AMMONS,DANNY $121,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 26
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118574 LARSON,DEBORAH 1454 WEST TWIN OAKS DRIVE WEST JORDAN UT 84088 $83,495.72
600118575 RANDA,LEON 7770 EAST 136TH AVENUE BRIGHTON CO 80601 $123,476.39
600118576 HERNANDEZ,ADOLFO,MARY 2953 SOUTH 3200 WEST WEST VALLEY CIT UT 84119 $115,876.07
600118577 BRITTAIN,MICHAEL,HEIDI 770 WEST 650 SOUTH LEHI UT 84043 $128,639.34
600118578 SHARPE,NANCY 1010 SOUTH HUDSON STREET DENVER CO 80246 $123,325.10
600118579 MIDDLETON,NANCY 2765 SOUTH ZURICH COURT DENVER CO 80236 $114,960.05
600118580 MURDOCK,DENIS 11673 SOUTH LITTLER ROAD SANDY UT 84092 $133,441.67
600118581 DENNEY,ARLEN,TRACIE 1279 EAST PAGOS AVENUE SALT LAKE CITY UT 84124 $135,821.45
600118582 ALLEN,VON 1806 SOUTH 600 EAST SALT LAKE CITY UT 84105 $100,867.42
600118585 MCFADDEN,PAMELA 3005 VILLAGE DRIVE STEAMBOAT SPRIN CO 80477 $145,962.96
600118586 FAIRBANKS,KEVIN 570 WEST 200 NORTH PROVO UT 84601 $106,682.88
600118587 HERNANDEZ,ADOLFO,MARY 1237 SOUTH EMERY STREET SALT LAKE CITY UT 84104 $91,901.71
600118589 BROWN,DENNIS,CINDY 559 EAST EASTPOINTE CIRCL NORTH SALT LAKE UT 84054 $129,334.27
600118590 VIGOS,J. DAVID 3640 EAST AURORA CIRCLE SALT LAKE CITY UT 84124 $134,831.59
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118574 LARSON,DEBORAH 8.375 .250 8.125 .0400 8.085 12/01/2027
600118575 RANDA,LEON 8.375 .250 8.125 .0400 8.085 12/01/2027
600118576 HERNANDEZ,ADOLFO,MARY 9.125 .250 8.875 .0400 8.835 12/01/2027
600118577 BRITTAIN,MICHAEL,HEIDI 8.375 .250 8.125 .0400 8.085 12/01/2027
600118578 SHARPE,NANCY 7.750 .250 7.500 .0400 7.460 12/01/2027
600118579 MIDDLETON,NANCY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118580 MURDOCK,DENIS 8.625 .250 8.375 .0400 8.335 12/01/2027
600118581 DENNEY,ARLEN,TRACIE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118582 ALLEN,VON 8.125 .250 7.875 .0400 7.835 12/01/2027
600118585 MCFADDEN,PAMELA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118586 FAIRBANKS,KEVIN 9.000 .250 8.750 .0400 8.710 12/01/2027
600118587 HERNANDEZ,ADOLFO,MARY 9.125 .250 8.875 .0400 8.835 12/01/2027
600118589 BROWN,DENNIS,CINDY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118590 VIGOS,J. DAVID 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118574 LARSON,DEBORAH 543493 $635.42 02/01/1998 360
600118575 RANDA,LEON 543497 $940.59 02/01/1998 360
600118576 HERNANDEZ,ADOLFO,MARY 543498 $943.81 02/01/1998 360
600118577 BRITTAIN,MICHAEL,HEIDI 543506 $978.97 02/01/1998 360
600118578 SHARPE,NANCY 543512 $884.77 02/01/1998 360
600118579 MIDDLETON,NANCY 543537 $885.02 02/01/1998 360
600118580 MURDOCK,DENIS 543541 $1,039.13 02/01/1998 360
600118581 DENNEY,ARLEN,TRACIE 543552 $1,009.80 02/01/1998 360
600118582 ALLEN,VON 543566 $749.92 02/01/1998 360
600118585 MCFADDEN,PAMELA 543597 $1,097.98 02/01/1998 360
600118586 FAIRBANKS,KEVIN 543599 $859.34 02/01/1998 360
600118587 HERNANDEZ,ADOLFO,MARY 543602 $748.54 02/01/1998 360
600118589 BROWN,DENNIS,CINDY 543622 $972.89 02/01/1998 360
600118590 VIGOS,J. DAVID 543632 $1,026.10 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118574 LARSON,DEBORAH $110,000.00 N
600118575 RANDA,LEON $165,000.00 N
600118576 HERNANDEZ,ADOLFO,MARY $147,000.00 N
600118577 BRITTAIN,MICHAEL,HEIDI $161,000.00 N
600118578 SHARPE,NANCY $155,000.00 N
600118579 MIDDLETON,NANCY $153,500.00 N
600118580 MURDOCK,DENIS $167,000.00 N
600118581 DENNEY,ARLEN,TRACIE $182,000.00 N
600118582 ALLEN,VON $130,000.00 N
600118585 MCFADDEN,PAMELA $185,000.00 N
600118586 FAIRBANKS,KEVIN $133,500.00 N
600118587 HERNANDEZ,ADOLFO,MARY $115,000.00 N
600118589 BROWN,DENNIS,CINDY $161,900.00 N
600118590 VIGOS,J. DAVID $267,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 27
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118591 PAGE,JAMES,BONNIE 343 WEST 2600 NORTH LEHI UT 84043 $135,821.46
600118593 LAPINS,LIGITA 1180 DELPHI DRIVE LAFAYETTE CO 80026 $124,552.23
600118594 EVANS,JEFFREY 1013 SOUTH 1040 EAST SPRINGVILLE UT 84663 $113,700.56
600118595 CERRITO,UMBERTO,JENNIE 30 WEST LESTER AVENUE, #2 MURRAY UT 84107 $47,940.13
600118596 DENTON,EDWARD 806 EAST PABOR AVENUE FRUITA CO 81521 $64,169.84
600118597 HOPPES,JUDY,CLARENCE 343 CONESTOGA ROAD BAILEY CO 80421 $225,710.79
600118598 WISEMAN,JILL 701 WEST 575 SOUTH LEHI UT 84043 $127,922.46
600118599 RODDA,RULON 567 NORTH 600 WEST OREM UT 84057 $81,347.97
600118600 JORISSEN,JEFFREY J. 1145 B MILO CIRCLE LAFAYETTE CO 80026 $62,959.83
600118601 STRETZ,STEVEN 6174 EAST YALE AVENUE DENVER CO 80222 $144,528.53
600118602 DUREN,MARY L. 35990 UNDERHILL LANE NEHALEM OR 97131 $40,947.54
600118603 COITEUX,BARBARA J 1205 ERLEBACH WAY ONTARIO OR 97914 $72,370.66
600118604 NGUYEN/HOANG,THUAN,QUYEN 9708 NORTHEAST 84TH WAY VANCOUVER WA 98662 $108,615.67
600118605 WAITE,MARGARET C. 34152 DEL MONTE AVENUE EUGENE OR 97405 $52,928.63
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118591 PAGE,JAMES,BONNIE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118593 LAPINS,LIGITA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118594 EVANS,JEFFREY 8.125 .250 7.875 .0400 7.835 12/01/2027
600118595 CERRITO,UMBERTO,JENNIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118596 DENTON,EDWARD 8.375 .250 8.125 .0400 8.085 12/01/2027
600118597 HOPPES,JUDY,CLARENCE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118598 WISEMAN,JILL 8.500 .250 8.250 .0400 8.210 01/01/2028
600118599 RODDA,RULON 8.250 .250 8.000 .0400 7.960 01/01/2028
600118600 JORISSEN,JEFFREY J. 8.250 .250 8.000 .0400 7.960 01/01/2028
600118601 STRETZ,STEVEN 8.625 .250 8.375 .0400 8.335 12/01/2027
600118602 DUREN,MARY L. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118603 COITEUX,BARBARA J 8.625 .250 8.375 .0400 8.335 11/01/2027
600118604 NGUYEN/HOANG,THUAN,QUYEN 8.875 .250 8.625 .0400 8.585 11/01/2027
600118605 WAITE,MARGARET C. 8.000 .250 7.750 .0400 7.710 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118591 PAGE,JAMES,BONNIE 543641 $1,009.80 02/01/1998 360
600118593 LAPINS,LIGITA 543662 $969.90 02/01/1998 360
600118594 EVANS,JEFFREY 543663 $845.33 02/01/1998 360
600118595 CERRITO,UMBERTO,JENNIE 543664 $364.83 02/01/1998 360
600118596 DENTON,EDWARD 543701 $488.35 02/01/1998 360
600118597 HOPPES,JUDY,CLARENCE 543710 $1,697.86 02/01/1998 360
600118598 WISEMAN,JILL 543751 $984.21 02/01/1998 360
600118599 RODDA,RULON 543760 $613.03 02/01/1998 360
600118600 JORISSEN,JEFFREY J. 543788 $473.30 02/01/1998 360
600118601 STRETZ,STEVEN 543883 $1,125.46 02/01/1998 360
600118602 DUREN,MARY L. 543961 $308.02 02/01/1998 360
600118603 COITEUX,BARBARA J 543973 $563.90 02/01/1998 360
600118604 NGUYEN/HOANG,THUAN,QUYEN 543998 $865.66 02/01/1998 360
600118605 WAITE,MARGARET C. 544015 $388.90 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118591 PAGE,JAMES,BONNIE $170,000.00 N
600118593 LAPINS,LIGITA $156,000.00 N
600118594 EVANS,JEFFREY $156,000.00 N
600118595 CERRITO,UMBERTO,JENNIE $72,000.00 N
600118596 DENTON,EDWARD $82,500.00 N
600118597 HOPPES,JUDY,CLARENCE $299,000.00 N
600118598 WISEMAN,JILL $160,000.00 N
600118599 RODDA,RULON $102,000.00 N
600118600 JORISSEN,JEFFREY J. $96,000.00 N
600118601 STRETZ,STEVEN $180,914.00 N
600118602 DUREN,MARY L. $85,000.00 N
600118603 COITEUX,BARBARA J $85,434.00 N
600118604 NGUYEN/HOANG,THUAN,QUYEN $136,000.00 N
600118605 WAITE,MARGARET C. $90,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 28
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118606 HUEBNER,OTTO/RENATE 821 EAST RAYMOND ROAD FRUIT HEIGHTS UT 84037 $179,769.65
600118608 ZIEGLE,BRIAN A.,SHAWN 22490 SKYVIEW LANE BEND OR 97702 $117,899.89
600118609 PILLSBURY,JAMES E.,CAROLY 8513 NORTHEAST 29TH AVENU VANCOUVER WA 98665 $95,429.45
600118610 PILLSBURY,JAMES E.,CAROLY 36600 NORTHEAST LAKEVIEW YACOLT WA 98675 $210,583.12
600118611 JURGENS,JAMES E. 821 8TH AVENUE EAST JEROME ID 83338 $88,886.08
600118614 WARD,KEVIN E.,SONDRA 1098 IDAHO AVENUE IDAHO FALLS ID 83402 $49,857.23
600118615 VASILIUK,ALEXANDER/DANA 3724/3726 NORTHEAST 57TH PORTLAND OR 97213 $64,989.72
600118616 MURAWSKI,WALTER 89116 EAST LITTLE TRAIL GOVERNMENT CAMP OR 97028 $147,714.94
600118617 MCCANN,KENNETH J. 3031-3037 JORDAN STREET BOISE ID 83703 $132,838.29
600118618 BREWER,DEAN E 3218 SOUTHEAST SALMON STR PORTLAND OR 97214 $131,090.41
600118619 TRANG,MICHEAL,MARRY 4455 NORTHEAST OREGON STR PORTLAND OR 97213 $119,737.76
600118620 DELEON,ANSELMO,FRANCIS 807 NORTHEAST 93RD AVENUE PORTLAND OR 97220 $98,219.90
600118621 AYERS,MERILEE 4836 SOUTHWEST CORONADO S PORTLAND OR 97219 $79,907.61
600118622 PIERCE,STEVEN, BARBARA 7136 SOUTHEAST TOLMAN STR PORTLAND OR 97206 $129,438.34
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118606 HUEBNER,OTTO/RENATE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118608 ZIEGLE,BRIAN A.,SHAWN 8.875 .250 8.625 .0400 8.585 11/01/2027
600118609 PILLSBURY,JAMES E.,CAROLY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118610 PILLSBURY,JAMES E.,CAROLY 8.125 .250 7.875 .0400 7.835 11/01/2027
600118611 JURGENS,JAMES E. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118614 WARD,KEVIN E.,SONDRA 9.000 .250 8.750 .0400 8.710 11/01/2027
600118615 VASILIUK,ALEXANDER/DANA 8.875 .250 8.625 .0400 8.585 11/01/2027
600118616 MURAWSKI,WALTER 8.250 .250 8.000 .0400 7.960 11/01/2027
600118617 MCCANN,KENNETH J. 8.500 .250 8.250 .0400 8.210 12/01/2027
600118618 BREWER,DEAN E 8.500 .250 8.250 .0400 8.210 12/01/2027
600118619 TRANG,MICHEAL,MARRY 8.000 .250 7.750 .0400 7.710 12/01/2027
600118620 DELEON,ANSELMO,FRANCIS 8.500 .250 8.250 .0400 8.210 11/01/2027
600118621 AYERS,MERILEE 8.750 .250 8.500 .0400 8.460 12/01/2027
600118622 PIERCE,STEVEN, BARBARA 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118606 HUEBNER,OTTO/RENATE 544059 $1,352.28 02/01/1998 360
600118608 ZIEGLE,BRIAN A.,SHAWN 544109 $939.66 02/01/1998 360
600118609 PILLSBURY,JAMES E.,CAROLY 544113 $743.57 02/01/1998 360
600118610 PILLSBURY,JAMES E.,CAROLY 544115 $1,566.67 02/01/1998 360
600118611 JURGENS,JAMES E. 544116 $668.63 02/01/1998 360
600118614 WARD,KEVIN E.,SONDRA 544135 $402.31 02/01/1998 360
600118615 VASILIUK,ALEXANDER/DANA 544139 $517.96 02/01/1998 360
600118616 MURAWSKI,WALTER 544147 $1,111.87 02/01/1998 360
600118617 MCCANN,KENNETH J. 544174 $1,022.65 02/01/1998 360
600118618 BREWER,DEAN E 544180 $1,009.20 02/01/1998 360
600118619 TRANG,MICHEAL,MARRY 544190 $880.52 02/01/1998 360
600118620 DELEON,ANSELMO,FRANCIS 544191 $756.61 02/01/1998 360
600118621 AYERS,MERILEE 544194 $629.36 02/01/1998 360
600118622 PIERCE,STEVEN, BARBARA 544199 $985.05 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118606 HUEBNER,OTTO/RENATE $225,000.00 N
600118608 ZIEGLE,BRIAN A.,SHAWN $139,000.00 N
600118609 PILLSBURY,JAMES E.,CAROLY $127,500.00 N
600118610 PILLSBURY,JAMES E.,CAROLY $286,000.00 N
600118611 JURGENS,JAMES E. $119,000.00 N
600118614 WARD,KEVIN E.,SONDRA $80,000.00 N
600118615 VASILIUK,ALEXANDER/DANA $93,500.00 N
600118616 MURAWSKI,WALTER $185,000.00 N
600118617 MCCANN,KENNETH J. $191,300.00 N
600118618 BREWER,DEAN E $175,000.00 N
600118619 TRANG,MICHEAL,MARRY $160,000.00 N
600118620 DELEON,ANSELMO,FRANCIS $123,000.00 N
600118621 AYERS,MERILEE $100,000.00 N
600118622 PIERCE,STEVEN, BARBARA $162,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 29
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118623 KUNST,NEAL T. 22 KNOB HILL ROAD MCCALL ID 83638 $73,410.63
600118624 GRAHAM,RAYMOND/MARLYS 1190 23RD AVENUE SWEET HOME OR 97386 $71,868.21
600118627 FAGIN,STANLEY,SHIRLEY 29800 NORTHWEST CAPEHORN BUXTON OR 97109 $124,198.81
600118628 MCLEAN,JERRY/DIANA 5124 NORTH HERTFORD WAY BOISE ID 83703 $109,893.27
600118630 HOLLAND,MORTON 3143 NORTHEAST 45TH AVENU PORTLAND OR 97213 $164,788.85
600118631 ARMSTRONG,MAGDALENA M. 4825 SOUTHWEST 197TH PLAC ALOHA OR 97007 $127,797.56
600118632 WILLIAMSON,REBECCA 1010 NORTHWEST UNION STRE BEND OR 97701 $89,031.04
600118633 ROBERTS,DAVID,CINDY 2905 GEM STREET BOISE ID 83705 $111,856.67
600118635 MONAHAN/GOFF,DAVID/KRISTI 1651 BELMONT LOOP SOUTHWE ALBANY OR 97321 $152,486.39
600118637 DUNFORD,AMY,SCOTT 2806 SOUTHEAST BELLA VIST VANCOUVER WA 98683 $195,749.18
600118638 LENON,JULIE,STEVE 4037 NORTH LOWER ROAD POCATELLO ID 83204 $81,345.76
600118639 MONTGOMERY,JOHN,PHYLLIS 723 8TH AVENUE SOUTH NAMPA ID 83651 $44,917.64
600118640 LEE,CHANG,TAE 8645 SOUTHWEST WAKKILA TE BEAVERTON OR 97007 $166,902.42
600118641 THOMAS,JACQUELYN 750 SPRAGUE AVENUE EUGENE OR 97405 $142,112.39
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118623 KUNST,NEAL T. 8.500 .250 8.250 .0400 8.210 12/01/2027
600118624 GRAHAM,RAYMOND/MARLYS 8.500 .250 8.250 .0400 8.210 11/01/2027
600118627 FAGIN,STANLEY,SHIRLEY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118628 MCLEAN,JERRY/DIANA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118630 HOLLAND,MORTON 8.250 .250 8.000 .0400 7.960 12/01/2027
600118631 ARMSTRONG,MAGDALENA M. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118632 WILLIAMSON,REBECCA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118633 ROBERTS,DAVID,CINDY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118635 MONAHAN/GOFF,DAVID/KRISTI 8.000 .250 7.750 .0400 7.710 11/01/2027
600118637 DUNFORD,AMY,SCOTT 8.250 .250 8.000 .0400 7.960 12/01/2027
600118638 LENON,JULIE,STEVE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118639 MONTGOMERY,JOHN,PHYLLIS 8.500 .250 8.250 .0400 8.210 11/01/2027
600118640 LEE,CHANG,TAE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118641 THOMAS,JACQUELYN 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118623 KUNST,NEAL T. 544203 $565.15 02/01/1998 360
600118624 GRAHAM,RAYMOND/MARLYS 544207 $553.62 02/01/1998 360
600118627 FAGIN,STANLEY,SHIRLEY 544221 $956.14 02/01/1998 360
600118628 MCLEAN,JERRY/DIANA 544225 $836.84 33 02/01/1998 360
600118630 HOLLAND,MORTON 544230 $1,239.59 02/01/1998 360
600118631 ARMSTRONG,MAGDALENA M. 544244 $961.62 02/01/1998 360
600118632 WILLIAMSON,REBECCA 544245 $693.40 02/01/1998 360
600118633 ROBERTS,DAVID,CINDY 544255 $841.42 02/01/1998 360
600118635 MONAHAN/GOFF,DAVID/KRISTI 544263 $1,121.19 02/01/1998 360
600118637 DUNFORD,AMY,SCOTT 544276 $1,472.48 02/01/1998 360
600118638 LENON,JULIE,STEVE 544278 $611.91 02/01/1998 360
600118639 MONTGOMERY,JOHN,PHYLLIS 544281 $346.01 02/01/1998 360
600118640 LEE,CHANG,TAE 544282 $1,212.68 02/01/1998 360
600118641 THOMAS,JACQUELYN 544305 $1,057.32 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118623 KUNST,NEAL T. $105,000.00 N
600118624 GRAHAM,RAYMOND/MARLYS $90,000.00 N
600118627 FAGIN,STANLEY,SHIRLEY $265,000.00 N
600118628 MCLEAN,JERRY/DIANA $116,000.00 N
600118630 HOLLAND,MORTON $225,000.00 N
600118631 ARMSTRONG,MAGDALENA M. $160,000.00 N
600118632 WILLIAMSON,REBECCA $118,900.00 N
600118633 ROBERTS,DAVID,CINDY $140,000.00 N
600118635 MONAHAN/GOFF,DAVID/KRISTI $191,000.00 N
600118637 DUNFORD,AMY,SCOTT $245,000.00 N
600118638 LENON,JULIE,STEVE $105,000.00 N
600118639 MONTGOMERY,JOHN,PHYLLIS $65,000.00 N
600118640 LEE,CHANG,TAE $223,000.00 N
600118641 THOMAS,JACQUELYN $178,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 30
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118642 GARRETT,LINDA S. 7750 WEST MOJAVE DRIVE BOISE ID 83709 $84,691.49
600118643 BERNARD,CASEY 4511 NORTHEAST PRESCOTT S PORTLAND OR 97218 $78,506.88
600118644 NGUYEN,TUAN 7020 SOUTHWEST HYLAND WAY BEAVERTON OR 97008 $143,820.38
600118645 HODGSON,MARTYN 20850 SOUTHWEST 87TH COUR TUALATIN OR 97062 $136,903.41
600118646 MANWILL,JIM S.,SANDRA 1156 A&B;1158;1160 E. RAM SALT LAKE CITY UT 84105 $132,660.21
600118647 PHUNG/NGUYEN,HIEU,THAN 5822 NORTHEAST ALBERTA ST PORTLAND OR 97218 $134,323.81
600118648 NGUYEN,LOC H 9707 NORTHEAST 86TH STREE VANCOUVER WA 98662 $109,776.30
600118649 DILLARD,TINA 4348 BUTTERCUP AVENUE NOR SALEM OR 97305 $98,661.56
600118650 IONESCU,CONSTANTIN,NATA 5830 SOUTHWEST 177TH AVEN ALOHA OR 97007 $113,439.14
600118651 REYNOLDS,MARION F. 7744 & 7748 NORTH WILLAME PORTLAND OR 97203 $117,467.65
600118652 REYNOLDS,MARION F. 6635 & 6645 NORTH COLUMBI PORTLAND OR 97203 $109,080.25
600118653 REYNOLDS,MARION F. 1741 NORTHEAST PORTLAND B PORTLAND OR 97211 $67,126.30
600118655 MESSINGER,DONALD H,KAZUKO 930 SOUTHEAST 27TH STREET GRESHAM OR 97080 $108,364.65
600118657 TUNICK,I WALTER,JOY A. 1937 & 1939 23RD STREET FLORENCE OR 97439 $101,070.50
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118642 GARRETT,LINDA S. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118643 BERNARD,CASEY 8.875 .250 8.625 .0400 8.585 12/01/2027
600118644 NGUYEN,TUAN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118645 HODGSON,MARTYN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118646 MANWILL,JIM S.,SANDRA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118647 PHUNG/NGUYEN,HIEU,THAN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118648 NGUYEN,LOC H 8.500 .250 8.250 .0400 8.210 01/01/2028
600118649 DILLARD,TINA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118650 IONESCU,CONSTANTIN,NATA 7.750 .250 7.500 .0400 7.460 12/01/2027
600118651 REYNOLDS,MARION F. 8.875 .250 8.625 .0400 8.585 12/01/2027
600118652 REYNOLDS,MARION F. 9.000 .250 8.750 .0400 8.710 12/01/2027
600118653 REYNOLDS,MARION F. 9.000 .250 8.750 .0400 8.710 12/01/2027
600118655 MESSINGER,DONALD H,KAZUKO 8.375 .250 8.125 .0400 8.085 12/01/2027
600118657 TUNICK,I WALTER,JOY A. 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118642 GARRETT,LINDA S. 544307 $637.07 02/01/1998 360
600118643 BERNARD,CASEY 544311 $625.38 02/01/1998 360
600118644 NGUYEN,TUAN 544316 $1,094.50 02/01/1998 360
600118645 HODGSON,MARTYN 544318 $1,054.95 02/01/1998 360
600118646 MANWILL,JIM S.,SANDRA 544331 $1,046.31 02/01/1998 360
600118647 PHUNG/NGUYEN,HIEU,THAN 544335 $1,014.21 02/01/1998 360
600118648 NGUYEN,LOC H 544342 $845.80 02/01/1998 360
600118649 DILLARD,TINA 544362 $742.25 02/01/1998 360
600118650 IONESCU,CONSTANTIN,NATA 544368 $813.84 02/01/1998 360
600118651 REYNOLDS,MARION F. 544370 $935.68 02/01/1998 360
600118652 REYNOLDS,MARION F. 544371 $878.65 02/01/1998 360
600118653 REYNOLDS,MARION F. 544372 $540.71 02/01/1998 360
600118655 MESSINGER,DONALD H,KAZUKO 544392 $824.68 02/01/1998 360
600118657 TUNICK,I WALTER,JOY A. 544417 $760.28 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118642 GARRETT,LINDA S. $106,000.00 N
600118643 BERNARD,CASEY $131,000.00 N
600118644 NGUYEN,TUAN $184,000.00 N
600118645 HODGSON,MARTYN $183,000.00 N
600118646 MANWILL,JIM S.,SANDRA $190,000.00 N
600118647 PHUNG/NGUYEN,HIEU,THAN $182,000.00 N
600118648 NGUYEN,LOC H $141,000.00 N
600118649 DILLARD,TINA $123,500.00 N
600118650 IONESCU,CONSTANTIN,NATA $142,000.00 N
600118651 REYNOLDS,MARION F. $168,000.00 N
600118652 REYNOLDS,MARION F. $136,500.00 N
600118653 REYNOLDS,MARION F. $84,000.00 N
600118655 MESSINGER,DONALD H,KAZUKO $155,000.00 N
600118657 TUNICK,I WALTER,JOY A. $135,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 31
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118659 CASHO,DEBRA LEE 7421 NORTHEAST 122ND STRE KIRKLAND WA 98034 $199,418.59
600118660 ELLER,BRANDE L. 4831 EAST 150 NORTH RIGBY ID 83442 $51,933.45
600118662 GRUDI,THOMAS 53091 LOOP DRIVE LAPINE OR 97739 $84,904.34
600118663 EATON,DICK B.,LINDA L 11555 SOUTHWEST 91ST AVEN TIGARD OR 97223 $101,084.95
600118665 MORELAND,JAMES M. 812-818 NORTH SUMNER STRE PORTLAND OR 97217 $113,971.59
600118667 GORHAM,PATRICK J.,JAN 5134 PETERSON STREET SOUT SALEM OR 97306 $70,659.32
600118668 GORHAM,PATRICK J.,JAN 845 SOUTHEAST GREENBRIAR DALLAS OR 97338 $88,848.85
600118669 GORHAM,PATRICK J.,JAN 2122 MAPLEWOOD DRIVE SOUT SALEM OR 97306 $69,958.68
600118670 NELSON,ERIC S.,KAREN S 1220 SOUTH EDGEWOOD STREE SEASIDE OR 97138 $115,359.55
600118671 MILLER,DELBERT 4212 CHOCTAW DRIVE NAMPA ID 83686 $90,186.53
600118672 RAMIREZ,MARIA,JAIME 4723 SETTLERS DRIVE NORTH SALEM OR 97305 $74,904.03
600118673 DENNISON,TONI J. 1824 SOUTHEAST PINE STREE PORTLAND OR 97214 $79,900.20
600118674 GOMEZ,SILVESTRE,RAMON 114 SOUTHEAST 84TH AVENUE PORTLAND OR 97216 $102,262.76
600118675 LANZAROTTA,PHILLIP JAMES 308 SOUTH 42ND STREET SPRINGFIELD OR 97478 $63,922.19
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118659 CASHO,DEBRA LEE 8.750 .250 8.500 .0400 8.460 12/01/2027
600118660 ELLER,BRANDE L. 8.250 .250 8.000 .0400 7.960 12/01/2027
600118662 GRUDI,THOMAS 8.875 .250 8.625 .0400 8.585 12/01/2027
600118663 EATON,DICK B.,LINDA L 8.375 .250 8.125 .0400 8.085 12/01/2027
600118665 MORELAND,JAMES M. 8.875 .250 8.625 .0400 8.585 12/01/2027
600118667 GORHAM,PATRICK J.,JAN 8.750 .250 8.500 .0400 8.460 01/01/2028
600118668 GORHAM,PATRICK J.,JAN 8.750 .250 8.500 .0400 8.460 01/01/2028
600118669 GORHAM,PATRICK J.,JAN 8.625 .250 8.375 .0400 8.335 01/01/2028
600118670 NELSON,ERIC S.,KAREN S 8.500 .250 8.250 .0400 8.210 12/01/2027
600118671 MILLER,DELBERT 8.375 .250 8.125 .0400 8.085 12/01/2027
600118672 RAMIREZ,MARIA,JAIME 8.250 .250 8.000 .0400 7.960 12/01/2027
600118673 DENNISON,TONI J. 8.375 .250 8.125 .0400 8.085 12/01/2027
600118674 GOMEZ,SILVESTRE,RAMON 8.500 .250 8.250 .0400 8.210 12/01/2027
600118675 LANZAROTTA,PHILLIP JAMES 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118659 CASHO,DEBRA LEE 544439 $1,571.43 02/01/1998 360
600118660 ELLER,BRANDE L. 544440 $390.66 02/01/1998 360
600118662 GRUDI,THOMAS 544463 $676.30 02/01/1998 360
600118663 EATON,DICK B.,LINDA L 544469 $769.57 02/01/1998 360
600118665 MORELAND,JAMES M. 544491 $907.83 02/01/1998 360
600118667 GORHAM,PATRICK J.,JAN 544499 $556.20 02/01/1998 360
600118668 GORHAM,PATRICK J.,JAN 544500 $699.38 02/01/1998 360
600118669 GORHAM,PATRICK J.,JAN 544501 $544.45 02/01/1998 360
600118670 NELSON,ERIC S.,KAREN S 544504 $888.10 02/01/1998 360
600118671 MILLER,DELBERT 544512 $687.11 02/01/1998 360
600118672 RAMIREZ,MARIA,JAIME 544513 $563.45 02/01/1998 360
600118673 DENNISON,TONI J. 544514 $608.06 02/01/1998 360
600118674 GOMEZ,SILVESTRE,RAMON 544521 $787.37 02/01/1998 360
600118675 LANZAROTTA,PHILLIP JAMES 544526 $492.10 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118659 CASHO,DEBRA LEE $235,000.00 N
600118660 ELLER,BRANDE L. $93,000.00 N
600118662 GRUDI,THOMAS $135,000.00 N
600118663 EATON,DICK B.,LINDA L $135,000.00 N
600118665 MORELAND,JAMES M. $163,000.00 N
600118667 GORHAM,PATRICK J.,JAN $101,000.00 N
600118668 GORHAM,PATRICK J.,JAN $127,000.00 N
600118669 GORHAM,PATRICK J.,JAN $100,000.00 N
600118670 NELSON,ERIC S.,KAREN S $165,000.00 N
600118671 MILLER,DELBERT $113,000.00 N
600118672 RAMIREZ,MARIA,JAIME $101,000.00 N
600118673 DENNISON,TONI J. $120,000.00 N
600118674 GOMEZ,SILVESTRE,RAMON $128,000.00 N
600118675 LANZAROTTA,PHILLIP JAMES $80,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 32
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118676 BOEH,KEN 7801 SOUTHEAST CLACKAMAS MILWAUKIE OR 97267 $119,919.48
600118678 WOODWICK,LOUIS,ESTHER 1409 NORTHEAST LOGAN STRE MCMINNVILLE OR 97128 $91,941.43
600118679 ALBERT/MANSELL,EUGENE,DAR 860 GLORY DRIVE EUGENE OR 97404 $83,900.46
600118680 WILSON/SCHMIDT,JOHN/SUSAN 299 MARION LANE EUGENE OR 97404 $64,955.26
600118682 BRUBAKER,GARY/MYRNA 2380 SOUTH PACIFIC STREET BOISE ID 83705 $72,202.74
600118683 OSBORN,ANGELA R 516 8TH AVENUE SOUTH NAMPA ID 83651 $74,954.56
600118684 CARLSON,DAVID B.,SHEILA 536 NORTHEAST BENTON STRE NEWPORT OR 97365 $140,317.11
600118685 WINES,JERRY R. 3921 SOUTHEAST 102ND AVEN PORTLAND OR 97266 $86,102.98
600118686 CAIN,MABEL I 1439 NORTHEAST MCDONALD L MCMINNVILLE OR 97128 $67,960.87
600118688 BRENNAN/MCCLELL,KEVIN/BET 817 CHERT PLACE CLAYTON CA 94517 $189,363.48
600118690 TRAN/PHOUNG,PHUOC/YOLANDA 2230 38TH AVENUE OAKLAND CA 94601 $59,890.17
600118691 AZAR,BETTY 2953 PLUMSTEAD WAY SAN JOSE CA 95148 $159,800.40
600118692 HOOPER,SUZANNE 823 CREEKSIDE PLACE SANTA CLARA CA 95051 $219,718.46
600118693 BALLEW,JOE,SYLVIA 6784 SUENO ROAD GOLETA CA 93117 $133,787.78
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118676 BOEH,KEN 8.000 .250 7.750 .0400 7.710 01/01/2028
600118678 WOODWICK,LOUIS,ESTHER 8.500 .250 8.250 .0400 8.210 01/01/2028
600118679 ALBERT/MANSELL,EUGENE,DAR 8.625 .250 8.375 .0400 8.335 12/01/2027
600118680 WILSON/SCHMIDT,JOHN/SUSAN 7.875 .250 7.625 .0400 7.585 01/01/2028
600118682 BRUBAKER,GARY/MYRNA 8.125 .250 7.875 .0400 7.835 01/01/2028
600118683 OSBORN,ANGELA R 8.500 .250 8.250 .0400 8.210 01/01/2028
600118684 CARLSON,DAVID B.,SHEILA 8.625 .250 8.375 .0400 8.335 01/01/2028
600118685 WINES,JERRY R. 8.875 .250 8.625 .0400 8.585 12/01/2027
600118686 CAIN,MABEL I 8.750 .250 8.500 .0400 8.460 01/01/2028
600118688 BRENNAN/MCCLELL,KEVIN/BET 8.375 .250 8.125 .0400 8.085 12/01/2027
600118690 TRAN/PHOUNG,PHUOC/YOLANDA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118691 AZAR,BETTY 8.375 .250 8.125 .0400 8.085 12/01/2027
600118692 HOOPER,SUZANNE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118693 BALLEW,JOE,SYLVIA 7.375 .250 7.125 .0400 7.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118676 BOEH,KEN 544541 $880.52 02/01/1998 360
600118678 WOODWICK,LOUIS,ESTHER 544553 $707.40 02/01/1998 360
600118679 ALBERT/MANSELL,EUGENE,DAR 544558 $653.34 02/01/1998 360
600118680 WILSON/SCHMIDT,JOHN/SUSAN 544579 $471.30 02/01/1998 360
600118682 BRUBAKER,GARY/MYRNA 544581 $536.45 02/01/1998 360
600118683 OSBORN,ANGELA R 544618 $576.69 02/01/1998 360
600118684 CARLSON,DAVID B.,SHEILA 544632 $1,092.02 2 02/01/1998 360
600118685 WINES,JERRY R. 544636 $685.85 02/01/1998 360
600118686 CAIN,MABEL I 544668 $534.96 02/01/1998 360
600118688 BRENNAN/MCCLELL,KEVIN/BET 545194 $1,441.10 02/01/1998 360
600118690 TRAN/PHOUNG,PHUOC/YOLANDA 545590 $461.35 02/01/1998 360
600118691 AZAR,BETTY 545638 $1,216.12 02/01/1998 360
600118692 HOOPER,SUZANNE 545729 $1,652.79 02/01/1998 360
600118693 BALLEW,JOE,SYLVIA 545730 $932.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118676 BOEH,KEN $150,000.00 N
600118678 WOODWICK,LOUIS,ESTHER $115,000.00 N
600118679 ALBERT/MANSELL,EUGENE,DAR $105,000.00 N
600118680 WILSON/SCHMIDT,JOHN/SUSAN $112,500.00 N
600118682 BRUBAKER,GARY/MYRNA $85,000.00 N
600118683 OSBORN,ANGELA R $95,000.00 N
600118684 CARLSON,DAVID B.,SHEILA $156,000.00 N
600118685 WINES,JERRY R. $115,000.00 N
600118686 CAIN,MABEL I $85,000.00 N
600118688 BRENNAN/MCCLELL,KEVIN/BET $237,000.00 N
600118690 TRAN/PHOUNG,PHUOC/YOLANDA $75,000.00 N
600118691 AZAR,BETTY $239,000.00 N
600118692 HOOPER,SUZANNE $275,000.00 N
600118693 BALLEW,JOE,SYLVIA $300,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 33
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118694 HORNA,ZARABAEL/JULIAN 452 STROUD PLACE SAN JOSE CA 95111 $143,824.90
600118695 GEE,ROBERT,CARMEN 3366 HERRIER STREET OAKLAND CA 94602 $211,581.16
600118696 MUSCAT/SANO,RAYMOND,LAURI 2085 SOLANO WAY A-B CONCORD CA 94520 $128,082.63
600118698 RODKEY,KENNETH 152 BRADLEY DRIVE SANTA CRUZ CA 95060 $186,721.57
600118701 SAYLES,ROBERT 662 APGAR STREET OAKLAND CA 94609 $134,851.97
600118705 DESALES,TOMAS 417 F STREET COLMA CA 94014 $189,737.64
600118706 RISNER/RISNER,FRANKLIN/BI 1882 EISENHOWER DRIVE SANTA CLARA CA 95054 $179,625.95
600118707 NGUYEN,NGA 5 LIDO LANE SAN RAFAEL CA 94901 $188,217.82
600118710 ZAK,COLIN,RACHEL 4350 WHITTLE AVENUE OAKLAND CA 94602 $191,620.67
600118712 CORDOVA,DENISE N286 WARFIELD WAY SAN JOSE CA 95122 $109,263.53
600118713 ELGAWLY,REDA 1219 PALOMA AVENUE #1 BURLINGAME CA 94010 $170,802.52
600118714 JACIOW,BRADLEY,SUSAN 1079 CLOVERBROOK DRIVE SAN JOSE CA 95120 $205,736.38
600118715 LEE,MARGO 1215 PRESIDIO BOULEVARD PACIFIC GROVE CA 93950 $149,812.88
600118716 ZERMENO/ROMERO,FILIBERTO/ 445 WINCHESTER DRIVE WATSONVILLE CA 95076 $102,268.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118694 HORNA,ZARABAEL/JULIAN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118695 GEE,ROBERT,CARMEN 8.125 .250 7.875 .0400 7.835 11/01/2027
600118696 MUSCAT/SANO,RAYMOND,LAURI 8.875 .250 8.625 .0400 8.585 11/01/2027
600118698 RODKEY,KENNETH 7.500 .250 7.250 .0400 7.210 12/01/2027
600118701 SAYLES,ROBERT 9.000 .250 8.750 .0400 8.710 12/01/2027
600118705 DESALES,TOMAS 7.875 .250 7.625 .0400 7.585 12/01/2027
600118706 RISNER/RISNER,FRANKLIN/BI 7.875 .250 7.625 .0400 7.585 11/01/2027
600118707 NGUYEN,NGA 8.000 .250 7.750 .0400 7.710 11/01/2027
600118710 ZAK,COLIN,RACHEL 8.125 .250 7.875 .0400 7.835 11/01/2027
600118712 CORDOVA,DENISE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118713 ELGAWLY,REDA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118714 JACIOW,BRADLEY,SUSAN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118715 LEE,MARGO 8.375 .250 8.125 .0400 8.085 12/01/2027
600118716 ZERMENO/ROMERO,FILIBERTO/ 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118694 HORNA,ZARABAEL/JULIAN 545734 $1,107.24 02/01/1998 360
600118695 GEE,ROBERT,CARMEN 545766 $1,574.09 02/01/1998 360
600118696 MUSCAT/SANO,RAYMOND,LAURI 545772 $1,020.81 02/01/1998 360
600118698 RODKEY,KENNETH 545893 $1,307.53 02/01/1998 360
600118701 SAYLES,ROBERT 545948 $1,086.24 2 02/01/1998 360
600118705 DESALES,TOMAS 546210 $1,377.63 02/01/1998 360
600118706 RISNER/RISNER,FRANKLIN/BI 546236 $1,305.12 02/01/1998 360
600118707 NGUYEN,NGA 546242 $1,383.88 02/01/1998 360
600118710 ZAK,COLIN,RACHEL 546349 $1,425.59 02/01/1998 360
600118712 CORDOVA,DENISE 546381 $831.52 02/01/1998 360
600118713 ELGAWLY,REDA 546420 $1,345.26 02/01/1998 360
600118714 JACIOW,BRADLEY,SUSAN 546468 $1,547.61 02/01/1998 360
600118715 LEE,MARGO 546473 $1,140.11 02/01/1998 360
600118716 ZERMENO/ROMERO,FILIBERTO/ 546502 $769.30 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118694 HORNA,ZARABAEL/JULIAN $180,000.00 N
600118695 GEE,ROBERT,CARMEN $265,000.00 N
600118696 MUSCAT/SANO,RAYMOND,LAURI $160,400.00 N
600118698 RODKEY,KENNETH $340,000.00 N
600118701 SAYLES,ROBERT $150,000.00 N
600118705 DESALES,TOMAS $238,000.00 N
600118706 RISNER/RISNER,FRANKLIN/BI $265,000.00 N
600118707 NGUYEN,NGA $300,000.00 N
600118710 ZAK,COLIN,RACHEL $240,000.00 N
600118712 CORDOVA,DENISE $145,900.00 N
600118713 ELGAWLY,REDA $260,000.00 N
600118714 JACIOW,BRADLEY,SUSAN $275,000.00 N
600118715 LEE,MARGO $310,000.00 N
600118716 ZERMENO/ROMERO,FILIBERTO/ $128,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 34
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118718 WEISS,STEPHEN 292 DONAHUE STREET SAUSALITO CA 94965 $219,542.82
600118720 VALLADARES,PABLO,JOSEFINA 20556 CAMBRIDGE AVENUE HAYWARD CA 94541 $163,699.82
600118721 CHAVEZ,KATHY 1283-1285 BERKELEY WAY BERKELEY CA 94702 $140,108.22
600118724 KAUFMAN/REESE,MINDY/DREW 7150 STONY CREST ROAD JOSHUA TREE CA 92252 $98,873.32
600118725 CHANG/MA,ABRAHAM/MARY 1351 GLENMOOR WAY SAN JOSE CA 95129 $173,681.52
600118726 UMALE,RAYMOND,GLORIA 24798 JO MARY COURT HAYWARD CA 94541 $210,613.80
600118728 LEE,KITT,HILLIE 677 ESCUELA PLACE MILPITAS CA 95035 $219,542.82
600118729 YU,CHUN,SHELLY 416 KITTY HAWK ROAD ALAMEDA CA 94501 $194,584.45
600118734 MENARY,KIMBERLEY 20440 RIVER BOULEVARD MONTE RIO CA 95462 $102,333.01
600118735 MANLOVE/BISHOP,FRANK/CHRI 3275 NORTH MOUNTAIN VIEW SAN DIEGO CA 92116 $113,226.89
600118736 AZZARO,BETHIE M. 16 HIBBERT COURT PACIFICA CA 94044 $24,970.37
600118739 MOORE,JACK, CAROLYN 125 CYPRESS AVENUE DILLON BEACH CA 94929 $219,866.72
600118740 GUTTMAN,ELI,JOAN 1530 CAMBURY AVENUE ARCADIA CA 91007 $221,963.01
600118741 CUNNINGHAM/GRAC,DANIEL/CA 8300 AND 8302 WILEY POST LOS ANGELES CA 90045 $146,634.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118718 WEISS,STEPHEN 7.875 .250 7.625 .0400 7.585 11/01/2027
600118720 VALLADARES,PABLO,JOSEFINA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118721 CHAVEZ,KATHY 7.875 .250 7.625 .0400 7.585 11/01/2027
600118724 KAUFMAN/REESE,MINDY/DREW 8.250 .250 8.000 .0400 7.960 12/01/2027
600118725 CHANG/MA,ABRAHAM/MARY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118726 UMALE,RAYMOND,GLORIA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118728 LEE,KITT,HILLIE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118729 YU,CHUN,SHELLY 7.750 .250 7.500 .0400 7.460 11/01/2027
600118734 MENARY,KIMBERLEY 8.125 .250 7.875 .0400 7.835 01/01/2028
600118735 MANLOVE/BISHOP,FRANK/CHRI 7.375 .250 7.125 .0400 7.085 12/01/2027
600118736 AZZARO,BETHIE M. 8.625 .250 8.375 .0400 8.335 12/01/2027
600118739 MOORE,JACK, CAROLYN 8.500 .250 8.250 .0400 8.210 01/01/2028
600118740 GUTTMAN,ELI,JOAN 8.375 .250 8.125 .0400 8.085 11/01/2027
600118741 CUNNINGHAM/GRAC,DANIEL/CA 8.875 .250 8.625 .0400 8.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118718 WEISS,STEPHEN 546533 $1,595.15 02/01/1998 360
600118720 VALLADARES,PABLO,JOSEFINA 546569 $1,261.02 02/01/1998 360
600118721 CHAVEZ,KATHY 546600 $1,018.00 02/01/1998 360
600118724 KAUFMAN/REESE,MINDY/DREW 546607 $743.75 02/01/1998 360
600118725 CHANG/MA,ABRAHAM/MARY 546626 $1,337.91 02/01/1998 360
600118726 UMALE,RAYMOND,GLORIA 546639 $1,622.41 02/01/1998 360
600118728 LEE,KITT,HILLIE 546660 $1,595.15 02/01/1998 360
600118729 YU,CHUN,SHELLY 546674 $1,397.00 02/01/1998 360
600118734 MENARY,KIMBERLEY 546702 $760.32 02/01/1998 360
600118735 MANLOVE/BISHOP,FRANK/CHRI 546722 $783.23 02/01/1998 360
600118736 AZZARO,BETHIE M. 546795 $194.45 02/01/1998 360
600118739 MOORE,JACK, CAROLYN 546851 $1,691.61 02/01/1998 360
600118740 GUTTMAN,ELI,JOAN 547431 $1,690.40 02/01/1998 360
600118741 CUNNINGHAM/GRAC,DANIEL/CA 547439 $1,168.01 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118718 WEISS,STEPHEN $275,000.00 N
600118720 VALLADARES,PABLO,JOSEFINA $205,000.00 N
600118721 CHAVEZ,KATHY $216,000.00 N
600118724 KAUFMAN/REESE,MINDY/DREW $123,850.00 N
600118725 CHANG/MA,ABRAHAM/MARY $530,000.00 N
600118726 UMALE,RAYMOND,GLORIA $300,000.00 N
600118728 LEE,KITT,HILLIE $275,000.00 N
600118729 YU,CHUN,SHELLY $280,000.00 N
600118734 MENARY,KIMBERLEY $128,000.00 N
600118735 MANLOVE/BISHOP,FRANK/CHRI $162,000.00 N
600118736 AZZARO,BETHIE M. $254,000.00 N
600118739 MOORE,JACK, CAROLYN $275,000.00 N
600118740 GUTTMAN,ELI,JOAN $278,000.00 N
600118741 CUNNINGHAM/GRAC,DANIEL/CA $183,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 35
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118744 WARREN,MAX,ALICE 1560 WEST 9000 NORTH NEOLA UT 84053 $114,944.18
600118745 ALVAREZ/CASILL/,FRANCISCO 2917 & 2919 CHESAPEAKE AV LOS ANGELES CA 90016 $129,849.87
600118746 CUEVA,CARLOS 807 NORTH DRIFTWOOD AVENU BREA CA 92821 $202,078.17
600118747 MELENDEZ,RICHARD 4532 TOPANGA CANYON BOULE LOS ANGELES CA 91364 $144,819.13
600118749 LYRAS,DEAN 6776 MILNER ROAD LOS ANGELES CA 90068 $187,673.12
600118750 DIAZ,RUBENA.,ELENA 10524 EAST AVENUE S-2 LITTLEROCK AREA CA 93543 $49,541.23
600118751 STRAND,ROBERT 790 MEYER LANE REDONDO BEACH CA 90278 $167,785.00
600118754 KUBO,SHAWNA 3488 SWEETWATER CIRCLE CORONA CA 91720 $107,786.61
600118755 ANDRADE,ROWLAND/EVELYN 1042 OLANCHA DRIVE LOS ANGELES CA 90065 $226,460.06
600118756 MAESE,MARY 4140 KIRKCALDY DRIVE SAN DIEGO CA 92111 $124,257.55
600118757 FRAME,JAMES,ROSARIO 315 WEST UNIVERSITY AVENU COALINGA CA 93210 $67,923.47
600118758 JARRAHZADEH,BLANCA 2316 AND 2316A GRANT AVEN REDONDO BEACH CA 90278 $181,628.88
600118761 BONNER,MARGUERITE 207 SOUTH FLOWER AVENUE COMPTON CA 90221 $79,900.20
600118762 KREIK,LINA 3558 FEDERAL AVENUE LOS ANGELES CA 90066 $185,277.29
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118744 WARREN,MAX,ALICE 8.000 .250 7.750 .0400 7.710 12/01/2027
600118745 ALVAREZ/CASILL/,FRANCISCO 8.750 .250 8.500 .0400 8.460 12/01/2027
600118746 CUEVA,CARLOS 9.000 .250 8.750 .0400 8.710 12/01/2027
600118747 MELENDEZ,RICHARD 8.375 .250 8.125 .0400 8.085 12/01/2027
600118749 LYRAS,DEAN 8.750 .250 8.500 .0400 8.460 11/01/2027
600118750 DIAZ,RUBENA.,ELENA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118751 STRAND,ROBERT 8.250 .250 8.000 .0400 7.960 12/01/2027
600118754 KUBO,SHAWNA 8.125 .250 7.875 .0400 7.835 11/01/2027
600118755 ANDRADE,ROWLAND/EVELYN 7.625 .250 7.375 .0400 7.335 11/01/2027
600118756 MAESE,MARY 8.250 .250 8.000 .0400 7.960 11/01/2027
600118757 FRAME,JAMES,ROSARIO 8.875 .250 8.625 .0400 8.585 12/01/2027
600118758 JARRAHZADEH,BLANCA 8.500 .250 8.250 .0400 8.210 12/01/2027
600118761 BONNER,MARGUERITE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118762 KREIK,LINA 8.750 .250 8.500 .0400 8.460 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118744 WARREN,MAX,ALICE 547558 $844.56 02/01/1998 360
600118745 ALVAREZ/CASILL/,FRANCISCO 547573 $1,022.71 02/01/1998 360
600118746 CUEVA,CARLOS 547594 $1,627.75 02/01/1998 360
600118747 MELENDEZ,RICHARD 547610 $1,102.10 02/01/1998 360
600118749 LYRAS,DEAN 547683 $1,479.00 02/01/1998 360
600118750 DIAZ,RUBENA.,ELENA 547765 $385.78 02/01/1998 360
600118751 STRAND,ROBERT 547773 $1,262.13 02/01/1998 360
600118754 KUBO,SHAWNA 547844 $801.90 02/01/1998 360
600118755 ANDRADE,ROWLAND/EVELYN 547874 $1,606.69 33 02/01/1998 360
600118756 MAESE,MARY 547897 $937.58 02/01/1998 360
600118757 FRAME,JAMES,ROSARIO 547898 $541.04 02/01/1998 360
600118758 JARRAHZADEH,BLANCA 547914 $1,398.27 02/01/1998 360
600118761 BONNER,MARGUERITE 547957 $608.06 02/01/1998 360
600118762 KREIK,LINA 547961 $1,460.12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118744 WARREN,MAX,ALICE $143,900.00 N
600118745 ALVAREZ/CASILL/,FRANCISCO $163,000.00 N
600118746 CUEVA,CARLOS $289,000.00 N
600118747 MELENDEZ,RICHARD $295,000.00 N
600118749 LYRAS,DEAN $235,000.00 N
600118750 DIAZ,RUBENA.,ELENA $62,000.00 N
600118751 STRAND,ROBERT $210,000.00 N
600118754 KUBO,SHAWNA $144,000.00 N
600118755 ANDRADE,ROWLAND/EVELYN $255,000.00 N
600118756 MAESE,MARY $156,000.00 N
600118757 FRAME,JAMES,ROSARIO $80,000.00 N
600118758 JARRAHZADEH,BLANCA $242,500.00 N
600118761 BONNER,MARGUERITE $100,000.00 N
600118762 KREIK,LINA $232,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 36
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118764 ANASTAS,JONATHAN 7135 PACIFIC VIEW DRIVE LOS ANGELES CA 90068 $222,666.74
600118765 JONES,JOHN,ANDREA 1256 MASSELIN AVENUE LOS ANGELES CA 90019 $215,583.93
600118766 MATSUMOTO,PHILLIP,PAMALA 1224 BERKELEY DRIVE GLENDALE CA 91205 $170,208.23
600118768 SMITH,LEONARD,ANN 2765 NE 102ND AVENUE PORTLAND OR 97220 $182,463.40
600118770 OLDACH,RICHARD 24646 DEVONPORT CIRCLE LAGUNA HILLS CA 92653 $226,131.70
600118771 LAMB,MICHELLE 3568 SEAFARER DRIVE OCEANSIDE CA 92054 $117,837.06
600118773 INIGUEZ,GREGORIA 3253 FAY AVENUE LOS ANGELES CA 90034 $84,901.83
600118774 PATEL,DIVYOGI,BINA 4765 PASEO PADRE PARKWAY FREMONT CA 94555 $211,721.72
600118775 PETERSON,BRYAN,JODI 133 EAST 200 NORTH BOUNTIFUL UT 84010 $107,826.30
600118777 CRANE,BETTY 2524 EAST TERRACE STREET ANAHEIM CA 92806 $180,976.57
600118778 CRANE,BETTY J. 2530 EAST TERRACE STREET ANAHEIM CA 92806 $180,984.78
600118779 CRANE,BETTY 3515 AND 3517 ALBANY STRE RIVERSIDE CA 92503 $73,868.00
600118780 WACO,MICHAEL,TRACIE 23155 MARIANO STREET LOS ANGELES CA 91367 $191,011.43
600118781 LANGE,GEORGE,JUDITH 35 CANTERA STREET THOUSAND OAKS CA 91360 $199,698.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118764 ANASTAS,JONATHAN 8.750 .250 8.500 .0400 8.460 11/01/2027
600118765 JONES,JOHN,ANDREA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118766 MATSUMOTO,PHILLIP,PAMALA 8.875 .250 8.625 .0400 8.585 12/01/2027
600118768 SMITH,LEONARD,ANN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118770 OLDACH,RICHARD 8.625 .250 8.375 .0400 8.335 12/01/2027
600118771 LAMB,MICHELLE 7.875 .250 7.625 .0400 7.585 12/01/2027
600118773 INIGUEZ,GREGORIA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118774 PATEL,DIVYOGI,BINA 8.125 .250 7.875 .0400 7.835 12/01/2027
600118775 PETERSON,BRYAN,JODI 7.875 .250 7.625 .0400 7.585 12/01/2027
600118777 CRANE,BETTY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118778 CRANE,BETTY J. 8.750 .250 8.500 .0400 8.460 11/01/2027
600118779 CRANE,BETTY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118780 WACO,MICHAEL,TRACIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118781 LANGE,GEORGE,JUDITH 8.000 .250 7.750 .0400 7.710 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118764 ANASTAS,JONATHAN 547989 $1,756.31 12 02/01/1998 360
600118765 JONES,JOHN,ANDREA 547993 $1,622.74 02/01/1998 360
600118766 MATSUMOTO,PHILLIP,PAMALA 548012 $1,355.78 02/01/1998 360
600118768 SMITH,LEONARD,ANN 548023 $1,414.80 02/01/1998 360
600118770 OLDACH,RICHARD 548029 $1,760.92 02/01/1998 360
600118771 LAMB,MICHELLE 548049 $855.58 02/01/1998 360
600118773 INIGUEZ,GREGORIA 548071 $668.70 02/01/1998 360
600118774 PATEL,DIVYOGI,BINA 548072 $1,574.09 02/01/1998 360
600118775 PETERSON,BRYAN,JODI 548116 $783.07 02/01/1998 360
600118777 CRANE,BETTY 548127 $1,410.13 02/01/1998 360
600118778 CRANE,BETTY J. 548129 $1,426.29 02/01/1998 360
600118779 CRANE,BETTY 548130 $575.56 02/01/1998 360
600118780 WACO,MICHAEL,TRACIE 548141 $1,453.64 02/01/1998 360
600118781 LANGE,GEORGE,JUDITH 548156 $1,467.53 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118764 ANASTAS,JONATHAN $235,000.00 N
600118765 JONES,JOHN,ANDREA $270,000.00 N
600118766 MATSUMOTO,PHILLIP,PAMALA $213,000.00 N
600118768 SMITH,LEONARD,ANN $230,000.00 N
600118770 OLDACH,RICHARD $283,000.00 N
600118771 LAMB,MICHELLE $147,500.00 N
600118773 INIGUEZ,GREGORIA $145,000.00 N
600118774 PATEL,DIVYOGI,BINA $265,000.00 N
600118775 PETERSON,BRYAN,JODI $135,000.00 N
600118777 CRANE,BETTY $259,000.00 N
600118778 CRANE,BETTY J. $259,000.00 N
600118779 CRANE,BETTY $139,000.00 N
600118780 WACO,MICHAEL,TRACIE $255,000.00 N
600118781 LANGE,GEORGE,JUDITH $250,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 37
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118782 ADAMS,DAN,OFELIA 23230 SESAME STREET TORRANCE CA 90502 $55,902.64
600118783 KAHANA,YORAM,MARGERY 8323 LOOKOUT MOUNTAIN AVE LOS ANGELES CA 90068 $209,757.48
600118784 LIN,PENG, CHUN-CHIO 3771 COSLEY STREET IRVINE CA 92614 $202,109.97
600118787 BARNES/TAYLOR,SANDRA/MARK 5008 VIEWRIDGE WAY OCEANSIDE CA 92056 $205,325.54
600118788 FORD,RODNEY,LEANNE 2129 NORTH CANDIS AVENUE SANTA ANA CA 92706 $133,837.08
600118791 KOSKI,ANDREW,CORINNE 15407 ALBRIGHT STREET LOS ANGELES CA 90272 $199,878.84
600118793 ALDRIDGE,JAYSON 799 MEDFORD STREET EL CAJON CA 92020 $102,268.95
600118795 HADDOX/HADDOX,VICTOR/BARB 4705 KESTER AVENUE LOS ANGELES CA 91403 $59,821.36
600118796 DIBERNADO,RALPH 22231 PLATINO MISSION VIEJO CA 92691 $179,569.22
600118797 KOKOL,CAROL 14711 LEON PLACE TUSTIN AREA CA 92780 $141,809.89
600118799 WICKSTROM/MCCLI,KEVEN/VIR 36210 TONTO LANE TEMECULA CA 92592 $143,801.15
600118800 SMART,ARNELL,DIANA 22041 CONWAY PLACE SANTA CLARITA CA 91350 $177,772.22
600118802 RISBON,JILL 11081 ESSEX DRIVE LOS ALAMITOS CA 90720 $178,970.67
600118805 KITTIUDOM,KHANIDA,ANAWACH 849 EAST MEDA AVENUE GLENDORA CA 91741 $195,616.13
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118782 ADAMS,DAN,OFELIA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118783 KAHANA,YORAM,MARGERY 8.750 .250 8.500 .0400 8.460 12/01/2027
600118784 LIN,PENG, CHUN-CHIO 8.250 .250 8.000 .0400 7.960 11/01/2027
600118787 BARNES/TAYLOR,SANDRA/MARK 8.500 .250 8.250 .0400 8.210 01/01/2028
600118788 FORD,RODNEY,LEANNE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118791 KOSKI,ANDREW,CORINNE 8.500 .250 8.250 .0400 8.210 01/01/2028
600118793 ALDRIDGE,JAYSON 8.250 .250 8.000 .0400 7.960 12/01/2027
600118795 HADDOX/HADDOX,VICTOR/BARB 8.125 .250 7.875 .0400 7.835 12/01/2027
600118796 DIBERNADO,RALPH 8.625 .250 8.375 .0400 8.335 12/01/2027
600118797 KOKOL,CAROL 8.375 .250 8.125 .0400 8.085 01/01/2028
600118799 WICKSTROM/MCCLI,KEVEN/VIR 7.875 .250 7.625 .0400 7.585 12/01/2027
600118800 SMART,ARNELL,DIANA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118802 RISBON,JILL 8.250 .250 8.000 .0400 7.960 12/01/2027
600118805 KITTIUDOM,KHANIDA,ANAWACH 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118782 ADAMS,DAN,OFELIA 548164 $440.55 02/01/1998 360
600118783 KAHANA,YORAM,MARGERY 548169 $1,652.07 02/01/1998 360
600118784 LIN,PENG, CHUN-CHIO 548187 $1,521.31 02/01/1998 360
600118787 BARNES/TAYLOR,SANDRA/MARK 548221 $1,579.73 2 02/01/1998 360
600118788 FORD,RODNEY,LEANNE 548253 $1,030.34 02/01/1998 360
600118791 KOSKI,ANDREW,CORINNE 548270 $1,537.83 02/01/1998 360
600118793 ALDRIDGE,JAYSON 548281 $769.30 02/01/1998 360
600118795 HADDOX/HADDOX,VICTOR/BARB 548292 $444.76 02/01/1998 360
600118796 DIBERNADO,RALPH 548293 $1,399.24 02/01/1998 360
600118797 KOKOL,CAROL 548303 $1,079.30 02/01/1998 360
600118799 WICKSTROM/MCCLI,KEVEN/VIR 548334 $1,044.10 02/01/1998 360
600118800 SMART,ARNELL,DIANA 548336 $1,337.25 02/01/1998 360
600118802 RISBON,JILL 548349 $1,346.27 02/01/1998 360
600118805 KITTIUDOM,KHANIDA,ANAWACH 548374 $1,524.47 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118782 ADAMS,DAN,OFELIA $70,000.00 N
600118783 KAHANA,YORAM,MARGERY $275,000.00 N
600118784 LIN,PENG, CHUN-CHIO $270,000.00 N
600118787 BARNES/TAYLOR,SANDRA/MARK $216,300.00 N
600118788 FORD,RODNEY,LEANNE $167,500.00 N
600118791 KOSKI,ANDREW,CORINNE $570,000.00 N
600118793 ALDRIDGE,JAYSON $128,000.00 N
600118795 HADDOX/HADDOX,VICTOR/BARB $79,900.00 N
600118796 DIBERNADO,RALPH $224,900.00 N
600118797 KOKOL,CAROL $250,000.00 N
600118799 WICKSTROM/MCCLI,KEVEN/VIR $180,000.00 N
600118800 SMART,ARNELL,DIANA $225,000.00 N
600118802 RISBON,JILL $224,000.00 N
600118805 KITTIUDOM,KHANIDA,ANAWACH $245,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 38
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118806 MOSHENKO,BOB,MARILYN 10253 WESTMINSTER AVENUE GARDEN GROVE CA 92843 $75,857.32
600118807 WHITE,JACK, ARMIDA 118 EAST BARNETT STREET VENTURA CA 93001 $64,125.18
600118808 FRIES,LEN, LINDA 32879 VALENTINO WAY TEMECULA CA 92592 $199,750.52
600118809 SCHULTZ,MADELEINE 869 MILLER COURT VENTURA CA 93003 $134,707.24
600118810 SKUTNIK,MICHAEL,PAMELA 1410 CALLE AVELLANO THOUSAND OAKS CA 91360 $163,636.54
600118811 LARSON,NOEL,ALEXIS 16126 CORNUTA AVENUE BELLFLOWER CA 90706 $95,828.73
600118812 DONATO,ROMEO 12351 GEORGIAN STREET STANTON CA 92641 $124,922.31
600118813 TRINIDAD,EVANGELINA 1163 NORTH CORONADO STREE LOS ANGELES CA 90026 $161,735.91
600118814 SPAETH,ROBERT,MAXINE 6513 ELTON AVENUE LAS VEGAS NV 89107 $90,889.35
600118815 WHITE,KENNETH 1483 NOLETTE AVENUE HEMET CA 92545 $61,417.18
600118816 KIM,SUNG,YOUNG 11176 ST. TROPEZ DRIVE RANCHO CUCAMONG CA 91730 $121,006.44
600118817 PARADISE,ALAN,ANNETTE 263 SOUTH WESTWIND DRIVE EL CAJON CA 92020 $179,625.95
600118818 WALKER,SHIRLEY 2447 EAST SANDPEBBLE LANE BREA CA 92621 $84,852.21
600118819 SEGAL,JONATHAN,WENDY 691 WEST CEDAR STREET SAN DIEGO CA 92101 $159,705.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118806 MOSHENKO,BOB,MARILYN 8.375 .250 8.125 .0400 8.085 11/01/2027
600118807 WHITE,JACK, ARMIDA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118808 FRIES,LEN, LINDA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118809 SCHULTZ,MADELEINE 7.875 .250 7.625 .0400 7.585 01/01/2028
600118810 SKUTNIK,MICHAEL,PAMELA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118811 LARSON,NOEL,ALEXIS 8.625 .250 8.375 .0400 8.335 11/01/2027
600118812 DONATO,ROMEO 8.375 .250 8.125 .0400 8.085 01/01/2028
600118813 TRINIDAD,EVANGELINA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118814 SPAETH,ROBERT,MAXINE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118815 WHITE,KENNETH 8.000 .250 7.750 .0400 7.710 12/01/2027
600118816 KIM,SUNG,YOUNG 8.625 .250 8.375 .0400 8.335 12/01/2027
600118817 PARADISE,ALAN,ANNETTE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118818 WALKER,SHIRLEY 8.750 .250 8.500 .0400 8.460 11/01/2027
600118819 SEGAL,JONATHAN,WENDY 9.375 .250 9.125 .0400 9.085 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118806 MOSHENKO,BOB,MARILYN 548377 $577.65 02/01/1998 360
600118807 WHITE,JACK, ARMIDA 548379 $482.69 02/01/1998 360
600118808 FRIES,LEN, LINDA 548381 $1,520.14 02/01/1998 360
600118809 SCHULTZ,MADELEINE 548382 $977.39 02/01/1998 360
600118810 SKUTNIK,MICHAEL,PAMELA 548383 $1,290.19 02/01/1998 360
600118811 LARSON,NOEL,ALEXIS 548395 $746.68 02/01/1998 360
600118812 DONATO,ROMEO 548396 $950.09 02/01/1998 360
600118813 TRINIDAD,EVANGELINA 548397 $1,231.32 02/01/1998 360
600118814 SPAETH,ROBERT,MAXINE 548406 $699.71 02/01/1998 360
600118815 WHITE,KENNETH 548443 $451.27 02/01/1998 360
600118816 KIM,SUNG,YOUNG 548444 $942.29 02/01/1998 360
600118817 PARADISE,ALAN,ANNETTE 548486 $1,305.12 02/01/1998 360
600118818 WALKER,SHIRLEY 548502 $668.70 02/01/1998 360
600118819 SEGAL,JONATHAN,WENDY 548530 $1,330.38 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118806 MOSHENKO,BOB,MARILYN $95,000.00 N
600118807 WHITE,JACK, ARMIDA $82,500.00 N
600118808 FRIES,LEN, LINDA $310,000.00 N
600118809 SCHULTZ,MADELEINE $180,000.00 N
600118810 SKUTNIK,MICHAEL,PAMELA $205,000.00 N
600118811 LARSON,NOEL,ALEXIS $120,000.00 N
600118812 DONATO,ROMEO $190,000.00 N
600118813 TRINIDAD,EVANGELINA $220,000.00 N
600118814 SPAETH,ROBERT,MAXINE $142,000.00 N
600118815 WHITE,KENNETH $81,000.00 N
600118816 KIM,SUNG,YOUNG $161,587.00 N
600118817 PARADISE,ALAN,ANNETTE $227,500.00 N
600118818 WALKER,SHIRLEY $210,000.00 N
600118819 SEGAL,JONATHAN,WENDY $199,950.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 39
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118820 ZAMBRUSKI,MARY 4971 CRESITA DRIVE SAN DIEGO CA 92115 $186,966.47
600118821 VAVAN,STANKO,SILVANA 409 NORTH SULTANA AVENUE ONTARIO CA 91764 $15,871.55
600118822 ZIMMERMAN,DERRICK,JOAN 33387 SHIFTING SANDS TRAI CATHEDRAL CITY CA 92234 $94,311.95
600118823 ALLEN,RONNIE,CHRISTIN 6625 EDNA AVENUE LAS VEGAS NV 89102 $164,602.13
600118824 BACA,LARRY,DORIS 1140 EAST CITRUS AVENUE REDLANDS CA 92374 $59,898.33
600118825 SCHRADER,LOUIS,BETTY 5352 TUPELO LANE LAS VEGAS NV 89122 $63,911.63
600118827 OSTERKAMP,JOE,DONNA 2475 JEFFERSON STREET, #4 CARLSBAD CA 92008 $109,466.73
600118828 POLSTER,WILLIAM,MERCEDI 624 MISSOURI STREET SAN DIEGO CA 92109 $205,862.72
600118829 BOBBITT,WILLIAM,VICTORI 78785 WEST HARLAND DRIVE LA QUINTA CA 92253 $150,079.50
600118830 LORENZEN,WALTER,PHYLLIS 8 CABRILLO DRIVE AVALON CA 90704 $134,712.29
600118831 NGUYEN,KEN 3103-3105 CENTRAL AVENUE SAN DIEGO CA 92105 $78,359.48
600118832 BARNES/LUNN,ALLAN/JANET 3621 PROMONTORY STREET SAN DIEGO CA 92109 $202,119.75
600118834 DORAN,DONNA 15962 MARINER DRIVE HUNTINGTON BEAC CA 92649 $109,793.45
600118837 YUI,BRIAN 24 EAST I STREET ENCINITAS CA 92024 $214,903.73
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118820 ZAMBRUSKI,MARY 8.375 .250 8.125 .0400 8.085 12/01/2027
600118821 VAVAN,STANKO,SILVANA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118822 ZIMMERMAN,DERRICK,JOAN 8.125 .250 7.875 .0400 7.835 11/01/2027
600118823 ALLEN,RONNIE,CHRISTIN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118824 BACA,LARRY,DORIS 8.875 .250 8.625 .0400 8.585 11/01/2027
600118825 SCHRADER,LOUIS,BETTY 7.875 .250 7.625 .0400 7.585 12/01/2027
600118827 OSTERKAMP,JOE,DONNA 8.500 .250 8.250 .0400 8.210 12/01/2027
600118828 POLSTER,WILLIAM,MERCEDI 8.375 .250 8.125 .0400 8.085 11/01/2027
600118829 BOBBITT,WILLIAM,VICTORI 7.750 .250 7.500 .0400 7.460 11/01/2027
600118830 LORENZEN,WALTER,PHYLLIS 7.750 .250 7.500 .0400 7.460 11/01/2027
600118831 NGUYEN,KEN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118832 BARNES/LUNN,ALLAN/JANET 8.375 .250 8.125 .0400 8.085 11/01/2027
600118834 DORAN,DONNA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118837 YUI,BRIAN 9.125 .250 8.875 .0400 8.835 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118820 ZAMBRUSKI,MARY 548533 $1,422.86 12 02/01/1998 360
600118821 VAVAN,STANKO,SILVANA 548572 $126.66 02/01/1998 360
600118822 ZIMMERMAN,DERRICK,JOAN 548606 $701.66 2 02/01/1998 360
600118823 ALLEN,RONNIE,CHRISTIN 548611 $1,268.71 02/01/1998 360
600118824 BACA,LARRY,DORIS 548657 $477.39 02/01/1998 360
600118825 SCHRADER,LOUIS,BETTY 548672 $464.04 02/01/1998 360
600118827 OSTERKAMP,JOE,DONNA 548697 $842.73 02/01/1998 360
600118828 POLSTER,WILLIAM,MERCEDI 548701 $1,567.65 02/01/1998 360
600118829 BOBBITT,WILLIAM,VICTORI 548704 $1,077.48 02/01/1998 360
600118830 LORENZEN,WALTER,PHYLLIS 548719 $967.16 02/01/1998 360
600118831 NGUYEN,KEN 548749 $606.67 02/01/1998 360
600118832 BARNES/LUNN,ALLAN/JANET 548751 $1,539.15 02/01/1998 360
600118834 DORAN,DONNA 548771 $836.08 02/01/1998 360
600118837 YUI,BRIAN 548792 $1,751.35 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118820 ZAMBRUSKI,MARY $208,000.00 N
600118821 VAVAN,STANKO,SILVANA $29,000.00 N
600118822 ZIMMERMAN,DERRICK,JOAN $105,000.00 N
600118823 ALLEN,RONNIE,CHRISTIN $220,000.00 N
600118824 BACA,LARRY,DORIS $86,000.00 N
600118825 SCHRADER,LOUIS,BETTY $80,000.00 N
600118827 OSTERKAMP,JOE,DONNA $137,000.00 N
600118828 POLSTER,WILLIAM,MERCEDI $305,000.00 N
600118829 BOBBITT,WILLIAM,VICTORI $188,000.00 N
600118830 LORENZEN,WALTER,PHYLLIS $335,000.00 N
600118831 NGUYEN,KEN $112,750.00 N
600118832 BARNES/LUNN,ALLAN/JANET $270,000.00 N
600118834 DORAN,DONNA $275,000.00 N
600118837 YUI,BRIAN $253,250.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 40
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118838 FUJITA,INAH 6522 ESTA CIRCLE HUNTINGTON BEAC CA 92647 $74,872.94
600118839 HRADECKY,DAVID,BRANDY 14025 YUCCA STREET AREA OF JAMUL CA 91935 $108,664.27
600118840 WITTMAN,TODD,SHERI 12083 DAYMARK COURT SAN DIEGO CA 92131 $193,432.52
600118841 ORDONEZ,JOAN 6392 RUTGERS CIRCLE HUNTINGTON BEAC CA 92647 $154,765.87
600118842 HOANG,YEN 559 ROXELLA LANE #B LAS VEGAS NV 89110 $63,021.28
600118843 DESCANS,DEBORAH 1605 HORNBLEND STREET SAN DIEGO CA 92109 $139,772.28
600118845 WHITLATCH,BARBARA 1302 WILSON PLACE ESCONDIDO CA 92027 $98,904.22
600118846 BILLINGSLEY,KAREY 28717 MACKLIN AVENUE SANTA CLARITA CA 91351 $143,560.19
600118847 MCCLAIN,ROSE 3582-3584 GRIM AVENUE SAN DIEGO CA 92104 $142,213.07
600118848 KOSIBA,RONALD,LINDA 2341 XENIA AVENUE PAHRUMP NV 89048 $112,869.50
600118851 MEDINA,CARLOS,MARIE 5274 SOUTH MARYLAND PARKW LAS VEGAS NV 89119 $131,077.92
600118852 HANKINS,CHRISTOPHER,PAM 1294 WARD PLACE ESCONDIDO CA 92026 $223,734.55
600118853 MULLOY,CANDA 1651 BERYL STREET SAN DIEGO CA 92109 $149,798.03
600118857 HUNTER,VALERIE 25334 PODERIO DRIVE RAMONA CA 92065 $140,542.29
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118838 FUJITA,INAH 8.875 .250 8.625 .0400 8.585 11/01/2027
600118839 HRADECKY,DAVID,BRANDY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118840 WITTMAN,TODD,SHERI 7.875 .250 7.625 .0400 7.585 12/01/2027
600118841 ORDONEZ,JOAN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118842 HOANG,YEN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118843 DESCANS,DEBORAH 8.250 .250 8.000 .0400 7.960 12/01/2027
600118845 WHITLATCH,BARBARA 8.125 .250 7.875 .0400 7.835 11/01/2027
600118846 BILLINGSLEY,KAREY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118847 MCCLAIN,ROSE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118848 KOSIBA,RONALD,LINDA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118851 MEDINA,CARLOS,MARIE 8.750 .250 8.500 .0400 8.460 12/01/2027
600118852 HANKINS,CHRISTOPHER,PAM 8.625 .250 8.375 .0400 8.335 12/01/2027
600118853 MULLOY,CANDA 8.000 .250 7.750 .0400 7.710 12/01/2027
600118857 HUNTER,VALERIE 8.500 .250 8.250 .0400 8.210 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118838 FUJITA,INAH 548855 $596.73 02/01/1998 360
600118839 HRADECKY,DAVID,BRANDY 548860 $836.58 02/01/1998 360
600118840 WITTMAN,TODD,SHERI 548888 $1,404.46 02/01/1998 360
600118841 ORDONEZ,JOAN 548893 $1,164.46 02/01/1998 360
600118842 HOANG,YEN 548921 $479.61 02/01/1998 360
600118843 DESCANS,DEBORAH 548923 $1,051.77 02/01/1998 360
600118845 WHITLATCH,BARBARA 548960 $735.81 02/01/1998 360
600118846 BILLINGSLEY,KAREY 548969 $1,107.24 02/01/1998 360
600118847 MCCLAIN,ROSE 549018 $1,057.32 02/01/1998 360
600118848 KOSIBA,RONALD,LINDA 549028 $888.97 02/01/1998 360
600118851 MEDINA,CARLOS,MARIE 549051 $1,041.59 02/01/1998 360
600118852 HANKINS,CHRISTOPHER,PAM 549058 $1,742.25 02/01/1998 360
600118853 MULLOY,CANDA 549060 $1,100.65 02/01/1998 360
600118857 HUNTER,VALERIE 549090 $1,082.63 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118838 FUJITA,INAH $205,000.00 N
600118839 HRADECKY,DAVID,BRANDY $136,000.00 N
600118840 WITTMAN,TODD,SHERI $258,290.00 N
600118841 ORDONEZ,JOAN $225,000.00 N
600118842 HOANG,YEN $78,900.00 N
600118843 DESCANS,DEBORAH $175,000.00 N
600118845 WHITLATCH,BARBARA $123,900.00 N
600118846 BILLINGSLEY,KAREY $180,000.00 N
600118847 MCCLAIN,ROSE $178,000.00 N
600118848 KOSIBA,RONALD,LINDA $145,000.00 N
600118851 MEDINA,CARLOS,MARIE $231,000.00 N
600118852 HANKINS,CHRISTOPHER,PAM $280,000.00 N
600118853 MULLOY,CANDA $313,000.00 N
600118857 HUNTER,VALERIE $176,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 41
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118859 WILSON,KENT 10337 LARIAT LANE LA MESA CA 91941 $79,900.20
600118860 VEYNA,RICHARD,TERRY 484 PENROSE DRIVE,UNITS A CORONA CA 91720 $126,989.99
600118861 VEYNA,RICHARD,TERRY 928 NORTH VICENTIA AVENUE CORONA CA 91720 $126,995.39
600118862 KAREVOLL/ENGE,JOHN/KARI 30039 ENCHANTED WAY RUNNING SPRINGS CA 92382 $157,990.30
600118863 HENSLEY,CHERI 6813 CAMINITO SUENO CARLSBAD CA 92009 $175,552.48
600118864 ROCHHOLZ,MICHAEL 1819 HORNBLEND STREET SAN DIEGO CA 92109 $125,744.69
600118865 IRACE,MARK 4761 LAMONT STREET SAN DIEGO CA 92109 $136,620.41
600118866 SALYER,VERNON,VONDA 5709 SILVER BELLE STREET LAS VEGAS NV 89129 $129,512.50
600118867 GRONEMEIER,DEAN,MARTHA 2815 VIA AVANTI STREET HENDERSON NV 89014 $184,742.22
600118868 FRANK,JONATHON,KATHLE 12570 MCFERON ROAD POWAY CA 92064 $131,831.08
600118869 PRATHER,EUGENE,GEORGINA 1075 PALMETTO WAY #A CARPINTERIA CA 93013 $134,958.82
600118873 CORRIC,STEVE,SHERRY 112 HUTTON LANE LAS VEGAS NV 89128 $101,879.12
600118875 LANG,RICHARD,LAURA 4151 10TH AVENUE SAN DIEGO CA 92103 $132,838.29
600118876 SCHIEBEL,KURT,ANNELIS 4016 ISLE DRIVE CARLSBAD CA 92008 $184,632.32
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118859 WILSON,KENT 8.375 .250 8.125 .0400 8.085 12/01/2027
600118860 VEYNA,RICHARD,TERRY 9.000 .250 8.750 .0400 8.710 11/01/2027
600118861 VEYNA,RICHARD,TERRY 9.125 .250 8.875 .0400 8.835 11/01/2027
600118862 KAREVOLL/ENGE,JOHN/KARI 8.500 .250 8.250 .0400 8.210 11/01/2027
600118863 HENSLEY,CHERI 8.125 .250 7.875 .0400 7.835 11/01/2027
600118864 ROCHHOLZ,MICHAEL 8.000 .250 7.750 .0400 7.710 11/01/2027
600118865 IRACE,MARK 8.125 .250 7.875 .0400 7.835 12/01/2027
600118866 SALYER,VERNON,VONDA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118867 GRONEMEIER,DEAN,MARTHA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118868 FRANK,JONATHON,KATHLE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118869 PRATHER,EUGENE,GEORGINA 8.625 .250 8.375 .0400 8.335 11/01/2027
600118873 CORRIC,STEVE,SHERRY 8.625 .250 8.375 .0400 8.335 12/01/2027
600118875 LANG,RICHARD,LAURA 8.500 .250 8.250 .0400 8.210 12/01/2027
600118876 SCHIEBEL,KURT,ANNELIS 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118859 WILSON,KENT 549110 $608.06 02/01/1998 360
600118860 VEYNA,RICHARD,TERRY 549113 $1,023.48 02/01/1998 360
600118861 VEYNA,RICHARD,TERRY 549116 $1,034.94 02/01/1998 360
600118862 KAREVOLL/ENGE,JOHN/KARI 549117 $1,230.26 02/01/1998 360
600118863 HENSLEY,CHERI 549119 $1,306.05 02/01/1998 360
600118864 ROCHHOLZ,MICHAEL 549144 $924.54 02/01/1998 360
600118865 IRACE,MARK 549146 $1,015.74 02/01/1998 360
600118866 SALYER,VERNON,VONDA 549153 $997.67 02/01/1998 360
600118867 GRONEMEIER,DEAN,MARTHA 549154 $1,412.38 02/01/1998 360
600118868 FRANK,JONATHON,KATHLE 549158 $991.67 02/01/1998 360
600118869 PRATHER,EUGENE,GEORGINA 549161 $1,051.57 02/01/1998 360
600118873 CORRIC,STEVE,SHERRY 549195 $793.35 02/01/1998 360
600118875 LANG,RICHARD,LAURA 549248 $1,022.65 2 02/01/1998 360
600118876 SCHIEBEL,KURT,ANNELIS 549249 $1,372.69 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118859 WILSON,KENT $140,000.00 N
600118860 VEYNA,RICHARD,TERRY $159,000.00 N
600118861 VEYNA,RICHARD,TERRY $159,000.00 N
600118862 KAREVOLL/ENGE,JOHN/KARI $200,000.00 N
600118863 HENSLEY,CHERI $219,900.00 N
600118864 ROCHHOLZ,MICHAEL $168,000.00 N
600118865 IRACE,MARK $171,000.00 N
600118866 SALYER,VERNON,VONDA $173,019.00 N
600118867 GRONEMEIER,DEAN,MARTHA $235,000.00 N
600118868 FRANK,JONATHON,KATHLE $165,000.00 N
600118869 PRATHER,EUGENE,GEORGINA $169,000.00 N
600118873 CORRIC,STEVE,SHERRY $127,500.00 N
600118875 LANG,RICHARD,LAURA $140,000.00 N
600118876 SCHIEBEL,KURT,ANNELIS $246,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 42
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118878 CARSON,CHRIS,JANET 636 DOROTHY STREET EL CAJON CA 92019 $114,111.09
600118879 ANDERSON,PHILIP 2845 SOFT SUN CIRCLE LAS VEGAS NV 89128 $107,465.77
600118880 WARD,ZACARIAS,LORETA 169 TERRACE DRIVE VISTA CA 92084 $106,064.09
600118881 CINQUE,PHYLLIS 1257 CAPISTRANO LANE VISTA CA 92083 $145,017.49
600118882 ROBERTS,WALTER,PATRICIA 914 WAYNE AVENUE CHULA VISTA CA 91911 $157,853.06
600118883 PAHL,ARCHIE,BILLIE 4217 BONITA DRIVE OCEANSIDE CA 92056 $51,933.45
600118884 SHEARER,CAROL 7886 CAMINO HUERTA SAN DIEGO CA 92122 $84,669.27
600118885 FOX,ROBERT 32152 CORTE DAROCA TEMECULA AREA CA 92592 $166,747.01
600118887 DELGADILLO,JESUS 2211 OCEAN VIEW BOULEVARD SAN DIEGO CA 92113 $54,964.93
600118888 BAXTER,ROY,CHIRLYN 1192 TRES LOMAS DRIVE EL CAJON CA 92021 $137,943.67
600118889 HILTS,MURRAY 5134 35TH STREET SAN DIEGO CA 92116 $132,136.78
600118890 WOODARD,ELENA,ROSS 4804 PINON DRIVE LAS VEGAS NV 89130 $111,935.57
600118891 OLEKAIBE,ESTHER 6529 GUMWOOD ROAD LAS VEGAS NV 89108 $92,684.23
600118892 SAIA,RONALD 5021 CLAIRMONT DRIVE ROCKLIN CA 95677 $166,297.55
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118878 CARSON,CHRIS,JANET 8.500 .250 8.250 .0400 8.210 12/01/2027
600118879 ANDERSON,PHILIP 8.375 .250 8.125 .0400 8.085 12/01/2027
600118880 WARD,ZACARIAS,LORETA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118881 CINQUE,PHYLLIS 8.250 .250 8.000 .0400 7.960 11/01/2027
600118882 ROBERTS,WALTER,PATRICIA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118883 PAHL,ARCHIE,BILLIE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118884 SHEARER,CAROL 8.625 .250 8.375 .0400 8.335 12/01/2027
600118885 FOX,ROBERT 8.500 .250 8.250 .0400 8.210 12/01/2027
600118887 DELGADILLO,JESUS 8.250 .250 8.000 .0400 7.960 01/01/2028
600118888 BAXTER,ROY,CHIRLYN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118889 HILTS,MURRAY 8.375 .250 8.125 .0400 8.085 12/01/2027
600118890 WOODARD,ELENA,ROSS 8.750 .250 8.500 .0400 8.460 01/01/2028
600118891 OLEKAIBE,ESTHER 8.375 .250 8.125 .0400 8.085 12/01/2027
600118892 SAIA,RONALD 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118878 CARSON,CHRIS,JANET 549265 $878.48 02/01/1998 360
600118879 ANDERSON,PHILIP 549275 $817.84 02/01/1998 360
600118880 WARD,ZACARIAS,LORETA 549285 $797.85 2 02/01/1998 360
600118881 CINQUE,PHYLLIS 549287 $1,093.84 02/01/1998 360
600118882 ROBERTS,WALTER,PATRICIA 549291 $1,202.05 02/01/1998 360
600118883 PAHL,ARCHIE,BILLIE 549293 $390.66 02/01/1998 360
600118884 SHEARER,CAROL 549295 $659.57 02/01/1998 360
600118885 FOX,ROBERT 549302 $1,283.70 2 02/01/1998 360
600118887 DELGADILLO,JESUS 549309 $413.20 02/01/1998 360
600118888 BAXTER,ROY,CHIRLYN 549311 $1,066.87 02/01/1998 360
600118889 HILTS,MURRAY 549320 $1,005.96 02/01/1998 360
600118890 WOODARD,ELENA,ROSS 549324 $881.10 02/01/1998 360
600118891 OLEKAIBE,ESTHER 549326 $705.35 02/01/1998 360
600118892 SAIA,RONALD 549331 $1,280.24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118878 CARSON,CHRIS,JANET $143,000.00 N
600118879 ANDERSON,PHILIP $134,500.00 N
600118880 WARD,ZACARIAS,LORETA $118,000.00 N
600118881 CINQUE,PHYLLIS $182,000.00 N
600118882 ROBERTS,WALTER,PATRICIA $220,000.00 N
600118883 PAHL,ARCHIE,BILLIE $80,000.00 N
600118884 SHEARER,CAROL $106,000.00 N
600118885 FOX,ROBERT $185,500.00 N
600118887 DELGADILLO,JESUS $85,000.00 N
600118888 BAXTER,ROY,CHIRLYN $185,000.00 N
600118889 HILTS,MURRAY $176,500.00 N
600118890 WOODARD,ELENA,ROSS $145,000.00 N
600118891 OLEKAIBE,ESTHER $116,000.00 N
600118892 SAIA,RONALD $222,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 43
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118893 MORADPOUR,REZA,LUZ 6855 FRIARS ROAD #112 SAN DIEGO CA 92108 $73,215.18
600118894 TROUT,MICHAEL,JOANN 13074 SUNDANCE AVENUE SAN DIEGO CA 92129 $133,320.24
600118897 DIAZ,ARTHUR 2001 LAKERIDGE CIRCLE CHULA VISTA CA 91913 $80,908.85
600118899 SCHENK,MICHAEL,JEANNIE 731 SEYMORE LANE PAHRUMP NV 89048 $80,154.89
600118900 DEMILLE,MARY 9210 147TH AVENUE NORTHEA GRANITE FALLS WA 98252 $99,887.47
600118901 HAYS,TERRY D. 3310 NORTHWEST FIR STREET EAST WENATCHEE WA 98802 $127,852.17
600118902 SCHAPER,THOMAS,KATHLEEN 12230 SHERWOOD COURT HAYDEN ID 83835 $89,826.65
600118903 GAOAEN,VALENTIN,SANIAT 3816 SOUTH WILLOW STREET SEATTLE WA 98118 $150,264.11
600118904 EWING,PAUL,KAREN 2602 ROOPS ROAD COCOLALLA ID 83813 $96,987.85
600118906 TABELL,BRIAN R. 13746 CORLISS AVENUE NORT SEATTLE WA 98133 $147,692.44
600118907 QUICK,SCOTT,KATHY 10042 NE ALTON STREET PORTLAND OR 97220 $137,832.21
600118909 OSTLER,CLYDE W 115 FREEDOM ROAD HAMILTON MT 59840 $151,694.30
600118910 SYMINGTON,WESLEY, TAMMY 131 EAST RASOR ROAD BELFAIR WA 98528 $49,888.29
600118911 ROWAN,JOHN,LYDIA 4308 SOUTHWEST 100TH STRE SEATTLE WA 98146 $128,637.58
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118893 MORADPOUR,REZA,LUZ 8.875 .250 8.625 .0400 8.585 12/01/2027
600118894 TROUT,MICHAEL,JOANN 8.000 .250 7.750 .0400 7.710 12/01/2027
600118897 DIAZ,ARTHUR 8.875 .250 8.625 .0400 8.585 12/01/2027
600118899 SCHENK,MICHAEL,JEANNIE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118900 DEMILLE,MARY 8.875 .250 8.625 .0400 8.585 12/01/2027
600118901 HAYS,TERRY D. 8.750 .250 8.500 .0400 8.460 12/01/2027
600118902 SCHAPER,THOMAS,KATHLEEN 8.250 .250 8.000 .0400 7.960 11/01/2027
600118903 GAOAEN,VALENTIN,SANIAT 9.250 .250 9.000 .0400 8.960 11/01/2027
600118904 EWING,PAUL,KAREN 8.750 .250 8.500 .0400 8.460 12/01/2027
600118906 TABELL,BRIAN R. 7.875 .250 7.625 .0400 7.585 11/01/2027
600118907 QUICK,SCOTT,KATHY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118909 OSTLER,CLYDE W 8.375 .250 8.125 .0400 8.085 11/01/2027
600118910 SYMINGTON,WESLEY, TAMMY 7.875 .250 7.625 .0400 7.585 11/01/2027
600118911 ROWAN,JOHN,LYDIA 8.000 .250 7.750 .0400 7.710 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118893 MORADPOUR,REZA,LUZ 549342 $584.00 02/01/1998 360
600118894 TROUT,MICHAEL,JOANN 549346 $979.58 02/01/1998 360
600118897 DIAZ,ARTHUR 549370 $644.47 12 02/01/1998 360
600118899 SCHENK,MICHAEL,JEANNIE 549396 $624.18 02/01/1998 360
600118900 DEMILLE,MARY 549400 $795.64 02/01/1998 360
600118901 HAYS,TERRY D. 549403 $1,006.98 02/01/1998 360
600118902 SCHAPER,THOMAS,KATHLEEN 549412 $676.14 02/01/1998 360
600118903 GAOAEN,VALENTIN,SANIAT 549425 $1,238.13 02/01/1998 360
600118904 EWING,PAUL,KAREN 549431 $763.89 02/01/1998 360
600118906 TABELL,BRIAN R. 549442 $1,073.10 02/01/1998 360
600118907 QUICK,SCOTT,KATHY 549447 $1,061.10 02/01/1998 360
600118909 OSTLER,CLYDE W 549497 $1,155.31 02/01/1998 360
600118910 SYMINGTON,WESLEY, TAMMY 549501 $362.53 02/01/1998 360
600118911 ROWAN,JOHN,LYDIA 549513 $946.56 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118893 MORADPOUR,REZA,LUZ $97,900.00 N
600118894 TROUT,MICHAEL,JOANN $216,000.00 N
600118897 DIAZ,ARTHUR $90,000.00 N
600118899 SCHENK,MICHAEL,JEANNIE $107,000.00 N
600118900 DEMILLE,MARY $125,000.00 N
600118901 HAYS,TERRY D. $160,000.00 N
600118902 SCHAPER,THOMAS,KATHLEEN $225,000.00 N
600118903 GAOAEN,VALENTIN,SANIAT $225,000.00 N
600118904 EWING,PAUL,KAREN $122,815.00 N
600118906 TABELL,BRIAN R. $185,000.00 N
600118907 QUICK,SCOTT,KATHY $172,500.00 N
600118909 OSTLER,CLYDE W $190,000.00 N
600118910 SYMINGTON,WESLEY, TAMMY $115,000.00 N
600118911 ROWAN,JOHN,LYDIA $200,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 44
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118912 HURT,DANA,KELLY 313 EAST SPRING CREEK ROA CLARK FORK ID 83811 $149,233.29
600118914 ECCLES,JEFFREY A 1615 SOUTH 12TH STREET TACOMA WA 98405 $90,287.22
600118915 GROSS/FIERRIA,ALAN,MICHEL 1208 213TH PLACE OCEAN PARK WA 98640 $132,756.58
600118916 WALKEN,RONALD,NANCY 8102 BIRCH BAY DRIVE BLAINE WA 98230 $123,773.05
600118917 GRANATH,DAWN NITA M. 2443 55TH AVENUE SOUTHWES SEATTLE WA 98116 $124,822.97
600118919 DEN ADEL,TERRY L 4202 SALTSPRING DRIVE FERNDALE WA 98248 $169,793.31
600118920 FLOTHE/MAKS,BRUCE/JOHN 3041, 3043, 3045 & 3047 P ENUMCLAW WA 98022 $188,454.43
600118921 WEINBERG,MARK R 4205 JIMI HENDRIX WAY BELLINGHAM WA 98226 $67,919.41
600118923 CLAUSEN,GAYLEN,ANN 17533 151ST AVENUE SOUTHE RENTON WA 98058 $38,529.35
600118924 KOLAR,RUDOLPH V 5450 NORTH 46TH STREET TACOMA WA 98407 $53,534.83
600118925 JONASON/CRAIG,CHRIS/DARRE 50301 INDEX GALENA ROAD INDEX WA 98256 $141,818.28
600118926 BRADBURY,CLAYTON,JULIE 828 NORTH 7TH STREET MONTESANO WA 98563 $56,890.22
600118927 RIETH,JUDITH A 127 SOUTH PORT LOOP SOUTH OCEAN SHORES WA 98569 $53,035.44
600118928 MUNKEBY,CRAIG D. 521 ALDER STREET SANDPOINT ID 83864 $53,112.16
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118912 HURT,DANA,KELLY 8.625 .250 8.375 .0400 8.335 11/01/2027
600118914 ECCLES,JEFFREY A 8.375 .250 8.125 .0400 8.085 12/01/2027
600118915 GROSS/FIERRIA,ALAN,MICHEL 8.500 .250 8.250 .0400 8.210 11/01/2027
600118916 WALKEN,RONALD,NANCY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118917 GRANATH,DAWN NITA M. 7.750 .250 7.500 .0400 7.460 12/01/2027
600118919 DEN ADEL,TERRY L 8.500 .250 8.250 .0400 8.210 12/01/2027
600118920 FLOTHE/MAKS,BRUCE/JOHN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118921 WEINBERG,MARK R 8.625 .250 8.375 .0400 8.335 12/01/2027
600118923 CLAUSEN,GAYLEN,ANN 8.500 .250 8.250 .0400 8.210 11/01/2027
600118924 KOLAR,RUDOLPH V 8.500 .250 8.250 .0400 8.210 12/01/2027
600118925 JONASON/CRAIG,CHRIS/DARRE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118926 BRADBURY,CLAYTON,JULIE 8.250 .250 8.000 .0400 7.960 11/01/2027
600118927 RIETH,JUDITH A 8.500 .250 8.250 .0400 8.210 12/01/2027
600118928 MUNKEBY,CRAIG D. 9.000 .250 8.750 .0400 8.710 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118912 HURT,DANA,KELLY 549524 $1,162.80 02/01/1998 360
600118914 ECCLES,JEFFREY A 549534 $687.11 02/01/1998 360
600118915 GROSS/FIERRIA,ALAN,MICHEL 549535 $1,022.65 02/01/1998 360
600118916 WALKEN,RONALD,NANCY 549537 $953.45 02/01/1998 360
600118917 GRANATH,DAWN NITA M. 549539 $895.52 02/01/1998 360
600118919 DEN ADEL,TERRY L 549548 $1,307.15 02/01/1998 360
600118920 FLOTHE/MAKS,BRUCE/JOHN 549550 $1,451.71 02/01/1998 360
600118921 WEINBERG,MARK R 549561 $528.90 02/01/1998 360
600118923 CLAUSEN,GAYLEN,ANN 549568 $296.80 02/01/1998 360
600118924 KOLAR,RUDOLPH V 549572 $412.14 02/01/1998 360
600118925 JONASON/CRAIG,CHRIS/DARRE 549584 $1,066.80 02/01/1998 360
600118926 BRADBURY,CLAYTON,JULIE 549587 $428.22 02/01/1998 360
600118927 RIETH,JUDITH A 549597 $408.29 2 02/01/1998 360
600118928 MUNKEBY,CRAIG D. 549599 $428.06 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118912 HURT,DANA,KELLY $231,000.00 N
600118914 ECCLES,JEFFREY A $113,000.00 N
600118915 GROSS/FIERRIA,ALAN,MICHEL $190,000.00 N
600118916 WALKEN,RONALD,NANCY $155,000.00 N
600118917 GRANATH,DAWN NITA M. $195,000.00 N
600118919 DEN ADEL,TERRY L $265,000.00 N
600118920 FLOTHE/MAKS,BRUCE/JOHN $236,000.00 N
600118921 WEINBERG,MARK R $85,000.00 N
600118923 CLAUSEN,GAYLEN,ANN $48,250.00 N
600118924 KOLAR,RUDOLPH V $67,000.00 N
600118925 JONASON/CRAIG,CHRIS/DARRE $185,000.00 N
600118926 BRADBURY,CLAYTON,JULIE $125,000.00 N
600118927 RIETH,JUDITH A $59,000.00 N
600118928 MUNKEBY,CRAIG D. $66,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 45
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118929 HOLMES,JAMES, DEBI 16735 RUSSIAN HILL LANE RAINIER WA 98576 $106,700.66
600118930 GREEN,RANDALL,KATHLEE 39532 314TH STREET NORTHE ARLINGTON WA 98223 $131,758.38
600118931 EGGEN,MILFRED,SHIRLEY 2904 WALBERG ROAD SEDRO WOOLLEY WA 98284 $96,597.47
600118935 TYLER,STEVEN,JANET 1609 MILLER STREET SNOHOMISH WA 98290 $164,667.65
600118936 VANDERWEIL,BARBARA J 616 SOUTH FREYA SPOKANE WA 99202 $54,685.12
600118939 PIOTROWSKI,MICHAEL J 1014 IRVING STREET BELLINGHAM WA 98225 $125,775.68
600118940 RADTKE,ROLAND,JULIE 4540 GIFFORD ROAD SOUTHWE OLYMPIA WA 98512 $193,969.86
600118942 REED,RUTH,DARWIN 202 ROARING LION ROAD HAMILTON MT 59840 $34,957.45
600118944 BURKIN,DONALD,LORETTA 91810 NORTH COBURG ROAD EUGENE OR 97408 $94,477.77
600118945 BOLDUC,TODD,LORIE 16308 95TH AVENUE SOUTHEA SNOHOMISH WA 98296 $170,710.28
600118946 NELSEN,LORNA H 10853 COREY LANE POULSBO WA 98370 $89,942.61
600118947 IVERSEN,ROBERT,REBECCA 4014 RAY NASH DRIVE N.W. GIG HARBOR WA 98335 $149,798.03
600118948 LAGRACE,ROBERT,JOANNA 5000 NORTH BOYER AVENUE SANDPOINT ID 83864 $173,670.54
600118949 RANARD,SHIRELY J 498 HUDSON LANE VICTOR MT 59875 $69,912.68
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118929 HOLMES,JAMES, DEBI 8.250 .250 8.000 .0400 7.960 11/01/2027
600118930 GREEN,RANDALL,KATHLEE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118931 EGGEN,MILFRED,SHIRLEY 9.000 .250 8.750 .0400 8.710 11/01/2027
600118935 TYLER,STEVEN,JANET 8.375 .250 8.125 .0400 8.085 11/01/2027
600118936 VANDERWEIL,BARBARA J 8.625 .250 8.375 .0400 8.335 12/01/2027
600118939 PIOTROWSKI,MICHAEL J 7.875 .250 7.625 .0400 7.585 12/01/2027
600118940 RADTKE,ROLAND,JULIE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118942 REED,RUTH,DARWIN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118944 BURKIN,DONALD,LORETTA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118945 BOLDUC,TODD,LORIE 8.875 .250 8.625 .0400 8.585 11/01/2027
600118946 NELSEN,LORNA H 8.250 .250 8.000 .0400 7.960 01/01/2028
600118947 IVERSEN,ROBERT,REBECCA 8.000 .250 7.750 .0400 7.710 12/01/2027
600118948 LAGRACE,ROBERT,JOANNA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118949 RANARD,SHIRELY J 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118929 HOLMES,JAMES, DEBI 549601 $803.86 02/01/1998 360
600118930 GREEN,RANDALL,KATHLEE 549609 $1,014.97 02/01/1998 360
600118931 EGGEN,MILFRED,SHIRLEY 549612 $778.87 02/01/1998 360
600118935 TYLER,STEVEN,JANET 549627 $1,254.12 02/01/1998 360
600118936 VANDERWEIL,BARBARA J 549633 $425.84 02/01/1998 360
600118939 PIOTROWSKI,MICHAEL J 549655 $913.59 02/01/1998 360
600118940 RADTKE,ROLAND,JULIE 549664 $1,510.47 02/01/1998 360
600118942 REED,RUTH,DARWIN 549681 $269.12 02/01/1998 360
600118944 BURKIN,DONALD,LORETTA 549690 $713.70 02/01/1998 360
600118945 BOLDUC,TODD,LORIE 549692 $1,360.55 2 02/01/1998 360
600118946 NELSEN,LORNA H 549696 $676.14 02/01/1998 360
600118947 IVERSEN,ROBERT,REBECCA 549702 $1,100.65 02/01/1998 360
600118948 LAGRACE,ROBERT,JOANNA 549705 $1,322.53 02/01/1998 360
600118949 RANARD,SHIRELY J 549717 $532.05 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118929 HOLMES,JAMES, DEBI $138,000.00 N
600118930 GREEN,RANDALL,KATHLEE $165,000.00 N
600118931 EGGEN,MILFRED,SHIRLEY $121,000.00 N
600118935 TYLER,STEVEN,JANET $220,000.00 N
600118936 VANDERWEIL,BARBARA J $73,000.00 N
600118939 PIOTROWSKI,MICHAEL J $168,000.00 N
600118940 RADTKE,ROLAND,JULIE $228,500.00 N
600118942 REED,RUTH,DARWIN $113,000.00 N
600118944 BURKIN,DONALD,LORETTA $178,000.00 N
600118945 BOLDUC,TODD,LORIE $180,000.00 N
600118946 NELSEN,LORNA H $155,000.00 N
600118947 IVERSEN,ROBERT,REBECCA $200,000.00 N
600118948 LAGRACE,ROBERT,JOANNA $217,500.00 N
600118949 RANARD,SHIRELY J $179,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 46
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118950 ROLLF,RICHARD,NANCY 24 WEST TIPI COURT ELMA WA 98541 $79,892.29
600118951 BARTLOW,STEVEN,BARBARA 6328 HIGHLAND DRIVE EVERETT WA 98203 $202,894.76
600118952 DEATS,RICHARD, JESSIE 1120 2ND AVENUE WEST COLUMBIA FALLS MT 59912 $74,115.55
600118953 GRANT,CALVIN 2419 SOUTH DISHMAN MICA R SPOKANE WA 99206 $87,890.23
600118954 GOERLITZ,CINDY 23006 57TH AVENUE WEST MOUNTLAKE TERRA WA 98043 $87,388.02
600118955 DUQUETTE,TIMOTHY, DONNA 9714-A,B,C AND D WHITMAN LAKEWOOD WA 98499 $114,667.42
600118957 LANDACRE,RILEY, HAZEL 1704 WINLOCK-VADER ROAD WINLOCK WA 98596 $141,803.91
600118958 YOUNG,STEVEN,JENNIFER 18204 SOUTH WATSON ROAD COEUR D'ALENE ID 83814 $134,835.86
600118959 HOOVER,RONALD, ANGELA 160 HUNTLEY BUTTE ROAD COLUMBUS MT 59019 $93,870.19
600118960 ALMOS,TRAVIS, KERRY 3211 15TH AVENUE SOUTH GREAT FALLS MT 59405 $127,307.70
600118961 MOUSLEY,RONALD,HEATHER 146 JOSHUA WAY CORVALLIS MT 59828 $84,545.05
600118962 KELLY,JERRY, BARBARA 303 NORTHEAST CEDAR STREE MADRAS OR 97741 $44,943.87
600118964 SITES,ROBERT,GERALDIN 578 B WEBLEY MILL ROAD COLVILLE WA 99114 $89,141.47
600118965 BOWSER,MICHAEL, CHERIE 33125 NORTHEAST LAKE JOY CARNATION WA 98014 $131,835.33
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118950 ROLLF,RICHARD,NANCY 8.000 .250 7.750 .0400 7.710 12/01/2027
600118951 BARTLOW,STEVEN,BARBARA 9.250 .250 9.000 .0400 8.960 01/01/2028
600118952 DEATS,RICHARD, JESSIE 9.000 .250 8.750 .0400 8.710 12/01/2027
600118953 GRANT,CALVIN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118954 GOERLITZ,CINDY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118955 DUQUETTE,TIMOTHY, DONNA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118957 LANDACRE,RILEY, HAZEL 7.875 .250 7.625 .0400 7.585 12/01/2027
600118958 YOUNG,STEVEN,JENNIFER 8.500 .250 8.250 .0400 8.210 12/01/2027
600118959 HOOVER,RONALD, ANGELA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118960 ALMOS,TRAVIS, KERRY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118961 MOUSLEY,RONALD,HEATHER 8.125 .250 7.875 .0400 7.835 12/01/2027
600118962 KELLY,JERRY, BARBARA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118964 SITES,ROBERT,GERALDIN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118965 BOWSER,MICHAEL, CHERIE 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118950 ROLLF,RICHARD,NANCY 549719 $587.01 02/01/1998 360
600118951 BARTLOW,STEVEN,BARBARA 549728 $1,670.03 02/01/1998 360
600118952 DEATS,RICHARD, JESSIE 549740 $598.64 02/01/1998 360
600118953 GRANT,CALVIN 549742 $668.86 02/01/1998 360
600118954 GOERLITZ,CINDY 549745 $657.36 02/01/1998 360
600118955 DUQUETTE,TIMOTHY, DONNA 549755 $903.13 02/01/1998 360
600118957 LANDACRE,RILEY, HAZEL 549770 $1,029.60 02/01/1998 360
600118958 YOUNG,STEVEN,JENNIFER 549771 $1,038.03 02/01/1998 360
600118959 HOOVER,RONALD, ANGELA 549796 $681.57 02/01/1998 360
600118960 ALMOS,TRAVIS, KERRY 549797 $980.36 02/01/1998 360
600118961 MOUSLEY,RONALD,HEATHER 549818 $634.84 02/01/1998 360
600118962 KELLY,JERRY, BARBARA 549833 $342.03 02/01/1998 360
600118964 SITES,ROBERT,GERALDIN 549844 $686.26 02/01/1998 360
600118965 BOWSER,MICHAEL, CHERIE 549847 $1,003.30 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118950 ROLLF,RICHARD,NANCY $110,000.00 N
600118951 BARTLOW,STEVEN,BARBARA $265,000.00 N
600118952 DEATS,RICHARD, JESSIE $93,000.00 N
600118953 GRANT,CALVIN $110,000.00 N
600118954 GOERLITZ,CINDY $125,000.00 N
600118955 DUQUETTE,TIMOTHY, DONNA $143,500.00 N
600118957 LANDACRE,RILEY, HAZEL $247,000.00 N
600118958 YOUNG,STEVEN,JENNIFER $200,000.00 N
600118959 HOOVER,RONALD, ANGELA $198,000.00 N
600118960 ALMOS,TRAVIS, KERRY $150,000.00 N
600118961 MOUSLEY,RONALD,HEATHER $143,000.00 N
600118962 KELLY,JERRY, BARBARA $75,000.00 N
600118964 SITES,ROBERT,GERALDIN $105,000.00 N
600118965 BOWSER,MICHAEL, CHERIE $165,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 47
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118966 MCKERN,KEVEN, CHERI 7532 BRIDGE PLACE NORTHEA BREMERTON WA 98311 $106,188.04
600118967 PAK,YONG, SANDRA 210 JEFFERSON AVENUE PRIEST RIVER ID 83856 $30,763.50
600118969 HANSON,JOHN 4401 SOUTH SHERI COURT SPOKANE WA 99223 $59,921.23
600118970 OCHOA,PEDRO,ANA 3621 WEST LEOLA STREET PASCO WA 99301 $62,964.68
600118971 DAVIDSON,WILLIAM,LUCILLE 511 CHURCH STREET WILKESON WA 98396 $141,580.36
600118972 FAUX,HOWARD, MARY 931 SYRINGA HEIGHTS ROAD SANDPOINT ID 83864 $139,825.92
600118973 DAVIES,JOSEPH, MARY 7085 MECKLEM ROAD EVERSON WA 98247 $179,769.65
600118974 FRY,EMILY 2709 TREVUE AVENUE SOUTHW OLYMPIA WA 98512 $57,529.97
600118976 KELLY,JERRY, BARBARA 631 NORTHEAST 11TH STREET BEND OR 97701 $53,932.64
600118978 WALLACE,PAUL, SUSAN 2960 EAST MURPHY ROAD COEUR D'ALENE ID 83814 $147,910.34
600118979 ORR,ALLEN, PEGGY 100 PINE STREET STEVENSVILLE MT 59870 $164,859.90
600118980 PRIDE,CHERI 6310 & 6312 49TH DRIVE NO MARYSVILLE WA 98270 $104,878.73
600118981 PRIDE,CHERI 6331 & 6333 49TH DRIVE NO MARYSVILLE WA 98270 $106,976.31
600118982 PRIDE,CHERI 6314 & 6316 49TH DRIVE NO MARYSVILLE WA 98270 $84,901.83
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118966 MCKERN,KEVEN, CHERI 8.750 .250 8.500 .0400 8.460 01/01/2028
600118967 PAK,YONG, SANDRA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118969 HANSON,JOHN 8.125 .250 7.875 .0400 7.835 12/01/2027
600118970 OCHOA,PEDRO,ANA 8.875 .250 8.625 .0400 8.585 01/01/2028
600118971 DAVIDSON,WILLIAM,LUCILLE 8.625 .250 8.375 .0400 8.335 12/01/2027
600118972 FAUX,HOWARD, MARY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118973 DAVIES,JOSEPH, MARY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118974 FRY,EMILY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118976 KELLY,JERRY, BARBARA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118978 WALLACE,PAUL, SUSAN 8.500 .250 8.250 .0400 8.210 01/01/2028
600118979 ORR,ALLEN, PEGGY 9.000 .250 8.750 .0400 8.710 01/01/2028
600118980 PRIDE,CHERI 8.750 .250 8.500 .0400 8.460 12/01/2027
600118981 PRIDE,CHERI 8.750 .250 8.500 .0400 8.460 12/01/2027
600118982 PRIDE,CHERI 8.750 .250 8.500 .0400 8.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118966 MCKERN,KEVEN, CHERI 549853 $835.87 02/01/1998 360
600118967 PAK,YONG, SANDRA 549860 $239.56 02/01/1998 360
600118969 HANSON,JOHN 549876 $445.50 02/01/1998 360
600118970 OCHOA,PEDRO,ANA 549882 $501.26 02/01/1998 360
600118971 DAVIDSON,WILLIAM,LUCILLE 549886 $1,104.07 02/01/1998 360
600118972 FAUX,HOWARD, MARY 549914 $1,076.48 02/01/1998 360
600118973 DAVIES,JOSEPH, MARY 549926 $1,352.28 02/01/1998 360
600118974 FRY,EMILY 549933 $442.89 02/01/1998 360
600118976 KELLY,JERRY, BARBARA 549939 $410.44 02/01/1998 360
600118978 WALLACE,PAUL, SUSAN 549973 $1,137.99 02/01/1998 360
600118979 ORR,ALLEN, PEGGY 549986 $1,327.23 02/01/1998 360
600118980 PRIDE,CHERI 549989 $826.04 02/01/1998 360
600118981 PRIDE,CHERI 549990 $842.56 02/01/1998 360
600118982 PRIDE,CHERI 549991 $668.70 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118966 MCKERN,KEVEN, CHERI $125,000.00 N
600118967 PAK,YONG, SANDRA $44,000.00 N
600118969 HANSON,JOHN $75,000.00 N
600118970 OCHOA,PEDRO,ANA $84,000.00 N
600118971 DAVIDSON,WILLIAM,LUCILLE $167,000.00 N
600118972 FAUX,HOWARD, MARY $175,000.00 N
600118973 DAVIES,JOSEPH, MARY $257,500.00 N
600118974 FRY,EMILY $75,000.00 N
600118976 KELLY,JERRY, BARBARA $80,500.00 N
600118978 WALLACE,PAUL, SUSAN $185,000.00 N
600118979 ORR,ALLEN, PEGGY $225,000.00 N
600118980 PRIDE,CHERI $150,000.00 N
600118981 PRIDE,CHERI $153,000.00 N
600118982 PRIDE,CHERI $176,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 48
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118984 MILLER,ROBERT 2203 EAST GORDON AVENUE SPOKANE WA 99207 $45,446.09
600118985 THORNTON,SUSAN 624 COUNTRY LANE BURLINGTON WA 98233 $72,407.22
600118986 BARGER,KENNETH 5302 SOUTH 137TH STREET TUKWILA WA 98168 $55,528.86
600118987 FROMER/HAUSCHIL,BOB/BARBA 8844 12TH AVENUE SOUTHWES SEATTLE WA 98106 $83,798.83
600118988 WAMMER,GENE,MINHTAM 20300 102ND AVENUE SOUTHE KENT WA 98031 $174,879.57
600118989 WORKMAN,DONALD, VICKIE 912 CRYSTAL SPRINGS ROAD YELM WA 98597 $76,413.90
600118990 BLANCHARD,THAI-ANN ZORN 10832 LAKERIDGE DRIVE SOU SEATTLE WA 98178 $123,050.21
600118991 WAMMER,MARK,LARINA 19231 5TH AVENUE SOUTH DES MOINES WA 98148 $103,535.61
600118992 SCHNEIDER,HOWARD L. 18110 DENSMORE NORTH SHORELINE WA 98133 $135,925.71
600118993 BURNS,JIM, LA RUE 2915 POINT HAYDEN DRIVE HAYDEN LAKE ID 83835 $205,729.59
600118994 STARR,VICTORIA NHN CASCADE WAY EASTSOUND WA 98245 $209,710.01
600118997 HALATCHEV-HALBE,GUEORGUI, 533 157TH AVENUE SOUTHEAS BELLEVUE WA 98008 $156,623.55
600118998 STEWART/SIGNORE,JOYCE/MAR 831 GOLF COURSE DRIVE CHELAN WA 98816 $170,775.53
600118999 MCNABB,LOUIE,TAMARA 4217 RESERVE STREET MISSOULA MT 59803 $74,956.85
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118984 MILLER,ROBERT 8.625 .250 8.375 .0400 8.335 12/01/2027
600118985 THORNTON,SUSAN 8.250 .250 8.000 .0400 7.960 12/01/2027
600118986 BARGER,KENNETH 8.250 .250 8.000 .0400 7.960 12/01/2027
600118987 FROMER/HAUSCHIL,BOB/BARBA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118988 WAMMER,GENE,MINHTAM 7.875 .250 7.625 .0400 7.585 01/01/2028
600118989 WORKMAN,DONALD, VICKIE 8.875 .250 8.625 .0400 8.585 12/01/2027
600118990 BLANCHARD,THAI-ANN ZORN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118991 WAMMER,MARK,LARINA 8.375 .250 8.125 .0400 8.085 01/01/2028
600118992 SCHNEIDER,HOWARD L. 9.000 .250 8.750 .0400 8.710 01/01/2028
600118993 BURNS,JIM, LA RUE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118994 STARR,VICTORIA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118997 HALATCHEV-HALBE,GUEORGUI, 8.875 .250 8.625 .0400 8.585 12/01/2027
600118998 STEWART/SIGNORE,JOYCE/MAR 8.125 .250 7.875 .0400 7.835 12/01/2027
600118999 MCNABB,LOUIE,TAMARA 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118984 MILLER,ROBERT 550015 $353.89 02/01/1998 360
600118985 THORNTON,SUSAN 550026 $544.67 02/01/1998 360
600118986 BARGER,KENNETH 550036 $417.70 02/01/1998 360
600118987 FROMER/HAUSCHIL,BOB/BARBA 550037 $631.06 02/01/1998 360
600118988 WAMMER,GENE,MINHTAM 550039 $1,268.87 02/01/1998 360
600118989 WORKMAN,DONALD, VICKIE 550043 $608.67 02/01/1998 360
600118990 BLANCHARD,THAI-ANN ZORN 550050 $947.30 02/01/1998 360
600118991 WAMMER,MARK,LARINA 550054 $787.43 02/01/1998 360
600118992 SCHNEIDER,HOWARD L. 550061 $1,094.29 02/01/1998 360
600118993 BURNS,JIM, LA RUE 550068 $1,529.54 02/01/1998 360
600118994 STARR,VICTORIA 550079 $1,522.65 02/01/1998 360
600118997 HALATCHEV-HALBE,GUEORGUI, 550141 $1,247.57 02/01/1998 360
600118998 STEWART/SIGNORE,JOYCE/MAR 550160 $1,269.67 02/01/1998 360
600118999 MCNABB,LOUIE,TAMARA 550165 $590.03 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118984 MILLER,ROBERT $65,000.00 N
600118985 THORNTON,SUSAN $120,000.00 N
600118986 BARGER,KENNETH $73,000.00 N
600118987 FROMER/HAUSCHIL,BOB/BARBA $105,000.00 N
600118988 WAMMER,GENE,MINHTAM $240,000.00 N
600118989 WORKMAN,DONALD, VICKIE $90,000.00 N
600118990 BLANCHARD,THAI-ANN ZORN $154,000.00 N
600118991 WAMMER,MARK,LARINA $148,000.00 N
600118992 SCHNEIDER,HOWARD L. $170,000.00 N
600118993 BURNS,JIM, LA RUE $480,000.00 N
600118994 STARR,VICTORIA $262,500.00 N
600118997 HALATCHEV-HALBE,GUEORGUI, $196,000.00 N
600118998 STEWART/SIGNORE,JOYCE/MAR $228,000.00 N
600118999 MCNABB,LOUIE,TAMARA $100,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 49
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119000 BIRD,WILLIAM 1701A & 1701B CEDAR STREE SANDPOINT ID 83864 $64,761.74
600119001 BAKER,PAMELA,DALE 16735 BUTTEVILLA ROAD WOODBURN OR 97071 $139,756.59
600119002 RATCHFORD,JOHN,EILLEEN 65 VANCOUVER LANE PORT TOWNSEND WA 98368 $126,225.45
600119003 FETTERMAN,KEITH, LUBA 6268 OLD MILL ROAD NORTHE BAINBRIDGE ISLA WA 98110 $137,409.98
600119004 COOK,DENNIS,BONNIE 611 BENNETT STREET SEDRO WOOLLEY WA 98284 $99,575.63
600119005 CONRAD,STANLEY 445 & 449 SOUTHEAST ANDRE ISSAQUAH WA 98027 $129,683.83
600119006 BAIRD,DENNIS 756 NORTHWEST NORSFORD LA POULSBO WA 98370 $79,951.54
600119007 SIMUNEK,VASILIJ,MARINA 4401 SOUTHWEST FINDLAY ST SEATTLE WA 98136 $175,763.02
600119008 HEINZE,STEPHEN,REBECCA 413 S.E. 369TH COURT WASHOUGAL WA 98671 $172,273.55
600119009 BABAYEV,KONSTANTIN,JULI 4584 144TH AVENUE SOUTHEA BELLEVUE WA 98006 $199,744.06
600119010 NGUYEN,PHONG, HUNG 26840 MILITARY ROAD SOUTH KENT WA 98032 $81,889.59
600119011 CHAPIN,CARY 4204 SOUTH ORCAS STREET SEATTLE WA 98118 $102,280.80
600119013 KOIVU,JOEL,MARILYN 9310 SEAVIEW AVENUE INDIANOLA WA 98342 $67,919.41
600119014 ANUNDI,KEITH,LAURIE 42121 MOUNT PLEASANT DRIV SCIO OR 97374 $103,870.25
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119000 BIRD,WILLIAM 8.625 .250 8.375 .0400 8.335 01/01/2028
600119001 BAKER,PAMELA,DALE 8.750 .250 8.500 .0400 8.460 11/01/2027
600119002 RATCHFORD,JOHN,EILLEEN 7.875 .250 7.625 .0400 7.585 12/01/2027
600119003 FETTERMAN,KEITH, LUBA 7.875 .250 7.625 .0400 7.585 12/01/2027
600119004 COOK,DENNIS,BONNIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119005 CONRAD,STANLEY 8.250 .250 8.000 .0400 7.960 12/01/2027
600119006 BAIRD,DENNIS 8.500 .250 8.250 .0400 8.210 01/01/2028
600119007 SIMUNEK,VASILIJ,MARINA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119008 HEINZE,STEPHEN,REBECCA 8.125 .250 7.875 .0400 7.835 12/01/2027
600119009 BABAYEV,KONSTANTIN,JULI 8.250 .250 8.000 .0400 7.960 12/01/2027
600119010 NGUYEN,PHONG, HUNG 8.000 .250 7.750 .0400 7.710 12/01/2027
600119011 CHAPIN,CARY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119013 KOIVU,JOEL,MARILYN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119014 ANUNDI,KEITH,LAURIE 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119000 BIRD,WILLIAM 550191 $504.01 02/01/1998 360
600119001 BAKER,PAMELA,DALE 550267 $1,101.38 02/01/1998 360
600119002 RATCHFORD,JOHN,EILLEEN 550290 $916.49 02/01/1998 360
600119003 FETTERMAN,KEITH, LUBA 550291 $997.70 02/01/1998 360
600119004 COOK,DENNIS,BONNIE 550293 $757.79 02/01/1998 360
600119005 CONRAD,STANLEY 550305 $975.52 02/01/1998 360
600119006 BAIRD,DENNIS 550308 $615.13 02/01/1998 360
600119007 SIMUNEK,VASILIJ,MARINA 550310 $1,291.43 02/01/1998 360
600119008 HEINZE,STEPHEN,REBECCA 550318 $1,280.81 02/01/1998 360
600119009 BABAYEV,KONSTANTIN,JULI 550321 $1,502.53 02/01/1998 360
600119010 NGUYEN,PHONG, HUNG 550327 $601.69 02/01/1998 360
600119011 CHAPIN,CARY 550328 $807.15 2 02/01/1998 360
600119013 KOIVU,JOEL,MARILYN 550353 $528.90 02/01/1998 360
600119014 ANUNDI,KEITH,LAURIE 550356 $790.48 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119000 BIRD,WILLIAM $81,000.00 N
600119001 BAKER,PAMELA,DALE $175,000.00 N
600119002 RATCHFORD,JOHN,EILLEEN $158,000.00 N
600119003 FETTERMAN,KEITH, LUBA $172,000.00 N
600119004 COOK,DENNIS,BONNIE $133,000.00 N
600119005 CONRAD,STANLEY $185,500.00 N
600119006 BAIRD,DENNIS $120,000.00 N
600119007 SIMUNEK,VASILIJ,MARINA $232,000.00 N
600119008 HEINZE,STEPHEN,REBECCA $230,000.00 N
600119009 BABAYEV,KONSTANTIN,JULI $265,000.00 N
600119010 NGUYEN,PHONG, HUNG $114,000.00 N
600119011 CHAPIN,CARY $114,000.00 N
600119013 KOIVU,JOEL,MARILYN $85,000.00 N
600119014 ANUNDI,KEITH,LAURIE $200,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 50
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119015 NICHOLS,JACK D. 3407 210TH PLACE NE REDMOND WA 98053 $142,346.22
600119016 ELRICH,DAVID,LOLEN 5910 NW 209TH STREET RIDGEFIELD WA 98642 $38,749.82
600119017 HEDGEBETH,SYLVIA K. 15840 10TH AVENUE SW BURIEN WA 98166 $74,859.18
600119019 ISBERG,PER,MARIA 24 AVENIDA PICASSO HENDERSON NV 89014 $90,829.11
600119020 RICHARDSON,PATRICIA 582 PANDA LOOP EUGENE OR 97401 $106,918.52
600119021 CHANDLER,CHRISTOPHER 109 EVERGREEN DRIVE NEWBERG OR 97132 $118,576.92
600119022 ROBERTSON,MAX 1501,1501 1/2 & 1503 W. E VANCOUVER WA 98660 $119,791.37
600119023 SHOPES/BOITANO,ROBERT/MAR 595 12TH AVENUE SAN FRANCISCO CA 94118 $119,923.48
600119024 CLIFT,MARGARET 9480 LAKEWOOD DRIVE WINDSOR CA 95492 $175,686.02
600119026 MADRIGAL/BASHOR,TONY/RUSS 1692, 1694, 1696 & 1698 E WILLITS CA 95490 $107,812.22
600119027 RICHMOND,MARGO 209 BROADMOOR STREET SANTA ROSA CA 95401 $146,592.13
600119029 PEARSON,BARRY 1232 47TH STREET SACRAMENTO CA 95819 $169,771.10
600119030 MORALES,MARTIN, VALARIE 188 MENDOCINO AVENUE WILLITS CA 95490 $64,417.45
600119031 CABRERA,ANTHONY A. 5006 COUNTRY CLUB DRIVE ROHNERT PARK CA 94928 $105,877.59
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119015 NICHOLS,JACK D. 8.500 .250 8.250 .0400 8.210 10/01/2027
600119016 ELRICH,DAVID,LOLEN 8.375 .250 8.125 .0400 8.085 04/01/2027
600119017 HEDGEBETH,SYLVIA K. 8.375 .250 8.125 .0400 8.085 11/01/2027
600119019 ISBERG,PER,MARIA 8.375 .250 8.125 .0400 8.085 11/01/2027
600119020 RICHARDSON,PATRICIA 8.875 .250 8.625 .0400 8.585 11/01/2027
600119021 CHANDLER,CHRISTOPHER 8.375 .250 8.125 .0400 8.085 11/01/2027
600119022 ROBERTSON,MAX 8.750 .250 8.500 .0400 8.460 11/01/2027
600119023 SHOPES/BOITANO,ROBERT/MAR 8.250 .250 8.000 .0400 7.960 01/01/2028
600119024 CLIFT,MARGARET 8.625 .250 8.375 .0400 8.335 11/01/2027
600119026 MADRIGAL/BASHOR,TONY/RUSS 8.750 .250 8.500 .0400 8.460 11/01/2027
600119027 RICHMOND,MARGO 7.875 .250 7.625 .0400 7.585 11/01/2027
600119029 PEARSON,BARRY 8.000 .250 7.750 .0400 7.710 12/01/2027
600119030 MORALES,MARTIN, VALARIE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119031 CABRERA,ANTHONY A. 8.750 .250 8.500 .0400 8.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119015 NICHOLS,JACK D. 550357 $1,099.55 02/01/1998 360
600119016 ELRICH,DAVID,LOLEN 550358 $296.43 02/01/1998 360
600119017 HEDGEBETH,SYLVIA K. 550359 $570.05 02/01/1998 360
600119019 ISBERG,PER,MARIA 550386 $691.67 02/01/1998 360
600119020 RICHARDSON,PATRICIA 550389 $852.14 02/01/1998 360
600119021 CHANDLER,CHRISTOPHER 550392 $902.97 02/01/1998 360
600119022 ROBERTSON,MAX 550398 $944.04 02/01/1998 360
600119023 SHOPES/BOITANO,ROBERT/MAR 550431 $901.52 02/01/1998 360
600119024 CLIFT,MARGARET 550436 $1,368.91 02/01/1998 360
600119026 MADRIGAL/BASHOR,TONY/RUSS 550466 $849.64 02/01/1998 360
600119027 RICHMOND,MARGO 550469 $1,067.30 02/01/1998 360
600119029 PEARSON,BARRY 550498 $1,247.40 02/01/1998 360
600119030 MORALES,MARTIN, VALARIE 550516 $484.57 02/01/1998 360
600119031 CABRERA,ANTHONY A. 550549 $833.90 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119015 NICHOLS,JACK D. $275,000.00 N
600119016 ELRICH,DAVID,LOLEN $240,000.00 N
600119017 HEDGEBETH,SYLVIA K. $140,000.00 N
600119019 ISBERG,PER,MARIA $120,000.00 N
600119020 RICHARDSON,PATRICIA $126,100.00 N
600119021 CHANDLER,CHRISTOPHER $148,500.00 N
600119022 ROBERTSON,MAX $150,000.00 N
600119023 SHOPES/BOITANO,ROBERT/MAR $160,000.00 N
600119024 CLIFT,MARGARET $220,000.00 N
600119026 MADRIGAL/BASHOR,TONY/RUSS $135,000.00 N
600119027 RICHMOND,MARGO $184,000.00 N
600119029 PEARSON,BARRY $335,000.00 N
600119030 MORALES,MARTIN, VALARIE $87,000.00 N
600119031 CABRERA,ANTHONY A. $122,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 51
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119032 WINTER,RANDALL,DIANE 163 KENNEDY LANE HEALDSBURG CA 95448 $169,569.77
600119034 BRAGG,ELVERA I. 100 CASABELLA DRIVE SONOMA CA 95476 $144,307.92
600119035 HOTCHKISS,JOHN,GUADALUPE 10563 HILLVIEW AVENUE LOS ANGELES CA 91311 $136,714.97
600119036 TEUMA,TERESA 1816 SANDSTONE DRIVE PETALUMA CA 94954 $149,739.21
600119037 MEDRANO,WILLIAM,NADA 8541 LAKEWOOD AVENUE COTATI CA 94931 $127,336.84
600119038 HUSSEIN,RAHEEM,VALERIE 6026 AMBERLY COURT ORLANDO FL 32822 $28,448.76
600119039 KOCHER,ROBERT 4894 31ST STREET NORTH ST. PETERSBURG FL 33714 $45,450.11
600119040 BROWN,MARIA 1865 HIGHLAND PARK ROAD DELAND FL 32720 $59,923.22
600119041 BRITTON,TERRY, PATRICIA 20367 SOUTHWEST 3 STREET PEMBROKE PINES FL 33029 $126,978.81
600119043 SALGADO,IVELISSE 3255 THUNDER CLOUD DRIVE KISSIMMEE FL 37446 $55,466.37
600119044 KILLIAN,NANCY 3008 LAKE ELLEN DRIVE TAMPA FL 33618 $103,940.16
600119045 WHITESIDE,ARDELIA 7476 COSGROVE WAY SACRAMENTO CA 95822 $46,347.78
600119046 MOORE,JACK,BILLIE 1903 BRIARWOOD LANE CORCORAN CA 93212 $50,739.80
600119047 POORMAN,JACQUELINE 6101 MIRAVALE COURT CITRUS HEIGHTS CA 95621 $76,911.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119032 WINTER,RANDALL,DIANE 8.000 .250 7.750 .0400 7.710 12/01/2027
600119034 BRAGG,ELVERA I. 8.250 .250 8.000 .0400 7.960 01/01/2028
600119035 HOTCHKISS,JOHN,GUADALUPE 8.375 .250 8.125 .0400 8.085 01/01/2028
600119036 TEUMA,TERESA 8.750 .250 8.500 .0400 8.460 11/01/2027
600119037 MEDRANO,WILLIAM,NADA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119038 HUSSEIN,RAHEEM,VALERIE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119039 KOCHER,ROBERT 9.000 .250 8.750 .0400 8.710 12/01/2027
600119040 BROWN,MARIA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119041 BRITTON,TERRY, PATRICIA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119043 SALGADO,IVELISSE 8.500 .250 8.250 .0400 8.210 01/01/2028
600119044 KILLIAN,NANCY 8.750 .250 8.500 .0400 8.460 01/01/2028
600119045 WHITESIDE,ARDELIA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119046 MOORE,JACK,BILLIE 8.625 .250 8.375 .0400 8.335 12/01/2027
600119047 POORMAN,JACQUELINE 8.750 .250 8.500 .0400 8.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119032 WINTER,RANDALL,DIANE 550550 $1,247.40 02/01/1998 360
600119034 BRAGG,ELVERA I. 550567 $1,084.83 02/01/1998 360
600119035 HOTCHKISS,JOHN,GUADALUPE 551288 $1,039.78 02/01/1998 360
600119036 TEUMA,TERESA 551326 $1,180.05 02/01/1998 360
600119037 MEDRANO,WILLIAM,NADA 551333 $957.86 02/01/1998 360
600119038 HUSSEIN,RAHEEM,VALERIE 551408 $214.11 02/01/1998 360
600119039 KOCHER,ROBERT 551409 $366.10 02/01/1998 360
600119040 BROWN,MARIA 551417 $450.76 02/01/1998 360
600119041 BRITTON,TERRY, PATRICIA 551435 $932.98 02/01/1998 360
600119043 SALGADO,IVELISSE 551464 $426.75 02/01/1998 360
600119044 KILLIAN,NANCY 551467 $818.17 02/01/1998 360
600119045 WHITESIDE,ARDELIA 551902 $369.18 02/01/1998 360
600119046 MOORE,JACK,BILLIE 551912 $395.12 02/01/1998 360
600119047 POORMAN,JACQUELINE 551923 $605.76 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119032 WINTER,RANDALL,DIANE $242,000.00 N
600119034 BRAGG,ELVERA I. $180,500.00 N
600119035 HOTCHKISS,JOHN,GUADALUPE $171,000.00 N
600119036 TEUMA,TERESA $187,537.00 N
600119037 MEDRANO,WILLIAM,NADA $170,000.00 N
600119038 HUSSEIN,RAHEEM,VALERIE $38,000.00 N
600119039 KOCHER,ROBERT $65,000.00 N
600119040 BROWN,MARIA $75,000.00 N
600119041 BRITTON,TERRY, PATRICIA $158,990.00 N
600119043 SALGADO,IVELISSE $74,000.00 N
600119044 KILLIAN,NANCY $130,000.00 N
600119045 WHITESIDE,ARDELIA $58,000.00 N
600119046 MOORE,JACK,BILLIE $63,500.00 N
600119047 POORMAN,JACQUELINE $110,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 52
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119048 HOPPER,FRANCES,SAMANTH 3412 JANENE WAY BAKERSFIELD CA 93306 $50,936.38
600119049 JOHNSON,THOMAS,MARILYN 3522,3524,3526 AND 3528 E FRESNO CA 93703 $80,391.62
600119050 FERRARO,SALVATORE 467 LIDO DRIVE SOUTH LAKE TAHO CA 96150 $139,743.76
600119051 TAYLOR,CHARLENE 107 MOUNTVIEW TERRACE BENICIA CA 94510 $67,869.02
600119052 GORDEN,MICHAEL 400 FILBERT AVENUE CLOVIS CA 93611 $80,690.01
600119053 CHANDLER,RICHARD,WANDA 24 ALAMEDA PARK CIRCLE CHICO CA 95928 $60,678.00
600119054 ROSS,MICHAEL,MARY 449 REDWOOD WAY CHICO CA 95926 $75,857.32
600119057 WINN,DAVID,JUDY 9107 VISTA DEL RIO AVENUE FAIR OAKS CA 95628 $219,166.13
600119058 SIPOTZ,JULIUS,DORIS 15115 SPUNKY CANYON ROAD GREEN VALLEY AR CA 91350 $71,874.83
600119060 SMATHERS,HUGH,MICHELLE 455 PERKINS WAY AUBURN CA 95603 $151,011.38
600119061 DELAURENTIS,GEORGE,CASSAN 1609 WILDROSE DRIVE MINDEN NV 89423 $113,357.59
600119062 ADDEN,ANNE 15990 OAK MEADOW COURT PENN VALLEY CA 95946 $177,533.88
600119063 CORNMAN,WILLIAM 509 SANTA CLARA STREET STOCKTON CA 95207 $82,534.48
600119064 JINKS,ROY,SHIRLEY 3211 STUART WAY NAPA CA 94558 $109,063.78
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119048 HOPPER,FRANCES,SAMANTH 8.375 .250 8.125 .0400 8.085 12/01/2027
600119049 JOHNSON,THOMAS,MARILYN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119050 FERRARO,SALVATORE 8.500 .250 8.250 .0400 8.210 11/01/2027
600119051 TAYLOR,CHARLENE 8.250 .250 8.000 .0400 7.960 11/01/2027
600119052 GORDEN,MICHAEL 8.625 .250 8.375 .0400 8.335 11/01/2027
600119053 CHANDLER,RICHARD,WANDA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119054 ROSS,MICHAEL,MARY 8.375 .250 8.125 .0400 8.085 11/01/2027
600119057 WINN,DAVID,JUDY 8.125 .250 7.875 .0400 7.835 11/01/2027
600119058 SIPOTZ,JULIUS,DORIS 8.750 .250 8.500 .0400 8.460 11/01/2027
600119060 SMATHERS,HUGH,MICHELLE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119061 DELAURENTIS,GEORGE,CASSAN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119062 ADDEN,ANNE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119063 CORNMAN,WILLIAM 8.750 .250 8.500 .0400 8.460 12/01/2027
600119064 JINKS,ROY,SHIRLEY 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119048 HOPPER,FRANCES,SAMANTH 551959 $387.64 02/01/1998 360
600119049 JOHNSON,THOMAS,MARILYN 551974 $590.68 02/01/1998 360
600119050 FERRARO,SALVATORE 551984 $1,076.48 02/01/1998 360
600119051 TAYLOR,CHARLENE 551986 $510.86 02/01/1998 360
600119052 GORDEN,MICHAEL 551993 $640.90 02/01/1998 360
600119053 CHANDLER,RICHARD,WANDA 552000 $472.51 02/01/1998 360
600119054 ROSS,MICHAEL,MARY 552002 $577.65 02/01/1998 360
600119057 WINN,DAVID,JUDY 552011 $1,630.52 02/01/1998 360
600119058 SIPOTZ,JULIUS,DORIS 552013 $566.42 02/01/1998 360
600119060 SMATHERS,HUGH,MICHELLE 552035 $1,149.23 02/01/1998 360
600119061 DELAURENTIS,GEORGE,CASSAN 552071 $863.44 02/01/1998 360
600119062 ADDEN,ANNE 552072 $1,366.74 02/01/1998 360
600119063 CORNMAN,WILLIAM 552075 $650.21 2 02/01/1998 360
600119064 JINKS,ROY,SHIRLEY 552076 $830.00 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119048 HOPPER,FRANCES,SAMANTH $100,000.00 N
600119049 JOHNSON,THOMAS,MARILYN $115,000.00 N
600119050 FERRARO,SALVATORE $175,000.00 N
600119051 TAYLOR,CHARLENE $233,415.00 N
600119052 GORDEN,MICHAEL $103,000.00 N
600119053 CHANDLER,RICHARD,WANDA $81,000.00 N
600119054 ROSS,MICHAEL,MARY $95,000.00 N
600119057 WINN,DAVID,JUDY $280,000.00 N
600119058 SIPOTZ,JULIUS,DORIS $90,000.00 N
600119060 SMATHERS,HUGH,MICHELLE $189,000.00 N
600119061 DELAURENTIS,GEORGE,CASSAN $142,000.00 N
600119062 ADDEN,ANNE $365,000.00 N
600119063 CORNMAN,WILLIAM $87,000.00 N
600119064 JINKS,ROY,SHIRLEY $159,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 53
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119065 TUTTLE,SHARON 1181 WHITE OAK LOOP MINDEN NV 89423 $49,936.02
600119066 JONES,THOMAS,PAMELA 1722 OXFORD AVENUE CLOVIS CA 93612 $45,019.23
600119067 ASHWILL,N.BRUCE,BABARA 4039-4045 LAKEVIEW DRIVE SHINGLE SPRINGS CA 95682 $157,322.75
600119069 FULLER,ROY,CATHERIN 3022 MERRIAM COURT EL DORADO HILLS CA 95762 $115,851.55
600119072 NACCARATA,JAMES 1505 ZAPOTEC DRIVE SOUTH LAKE TAHO CA 96150 $154,915.36
600119073 MCCRADY,MICHAEL 14A, 14B, 15A & 15B KLOND CHICO CA 95926 $103,383.53
600119074 HOWERY,MARK,ANITA 6537 WOODED CREEK WAY ORANGEVALE CA 95662 $186,866.59
600119075 BAKER,MICHAEL,SHARON 20074 AVENUE 237 LINDSAY CA 93247 $198,738.77
600119076 COBURN/SCIASCIA,THOMAS/AN 3470 TOPAZ LANE GARDNERVILLE NV 89410 $123,945.19
600119077 CABRERA,RUDY 1240 SOUTH HARRISON STREE STOCKTON CA 95206 $38,953.78
600119078 CASSIDY,ANTHONY,BIRUTE 15780 MILLER PLACE GRASS VALLEY CA 95945 $115,370.02
600119080 WILSON,RAYMOND,JULI 1006 SOUTH MINNESOTA STRE CARSON CITY NV 89703 $132,738.39
600119081 YANAGIHARA,PAUL 135 CAMBERWELL WAY FOLSOM CA 95630 $68,909.43
600119082 ZIMMERMAN,HAROLD 6484 CRYSTAL BOULEVARD EL DORADO CA 95623 $147,824.61
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119065 TUTTLE,SHARON 8.250 .250 8.000 .0400 7.960 12/01/2027
600119066 JONES,THOMAS,PAMELA 8.125 .250 7.875 .0400 7.835 12/01/2027
600119067 ASHWILL,N.BRUCE,BABARA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119069 FULLER,ROY,CATHERIN 8.250 .250 8.000 .0400 7.960 12/01/2027
600119072 NACCARATA,JAMES 8.625 .250 8.375 .0400 8.335 12/01/2027
600119073 MCCRADY,MICHAEL 8.875 .250 8.625 .0400 8.585 12/01/2027
600119074 HOWERY,MARK,ANITA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119075 BAKER,MICHAEL,SHARON 8.125 .250 7.875 .0400 7.835 12/01/2027
600119076 COBURN/SCIASCIA,THOMAS/AN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119077 CABRERA,RUDY 8.625 .250 8.375 .0400 8.335 12/01/2027
600119078 CASSIDY,ANTHONY,BIRUTE 8.875 .250 8.625 .0400 8.585 12/01/2027
600119080 WILSON,RAYMOND,JULI 8.500 .250 8.250 .0400 8.210 12/01/2027
600119081 YANAGIHARA,PAUL 8.125 .250 7.875 .0400 7.835 12/01/2027
600119082 ZIMMERMAN,HAROLD 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119065 TUTTLE,SHARON 552090 $375.63 02/01/1998 360
600119066 JONES,THOMAS,PAMELA 552091 $341.55 02/01/1998 360
600119067 ASHWILL,N.BRUCE,BABARA 552099 $1,253.14 02/01/1998 360
600119069 FULLER,ROY,CATHERIN 552111 $871.47 02/01/1998 360
600119072 NACCARATA,JAMES 552134 $1,207.13 2 02/01/1998 360
600119073 MCCRADY,MICHAEL 552136 $823.49 02/01/1998 360
600119074 HOWERY,MARK,ANITA 552139 $1,422.10 02/01/1998 360
600119075 BAKER,MICHAEL,SHARON 552146 $1,477.57 02/01/1998 360
600119076 COBURN/SCIASCIA,THOMAS/AN 552150 $943.25 02/01/1998 360
600119077 CABRERA,RUDY 552151 $303.34 02/01/1998 360
600119078 CASSIDY,ANTHONY,BIRUTE 552153 $918.97 02/01/1998 360
600119080 WILSON,RAYMOND,JULI 552163 $1,021.89 02/01/1998 360
600119081 YANAGIHARA,PAUL 552165 $512.32 02/01/1998 360
600119082 ZIMMERMAN,HAROLD 552167 $1,151.13 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119065 TUTTLE,SHARON $144,737.00 N
600119066 JONES,THOMAS,PAMELA $80,000.00 N
600119067 ASHWILL,N.BRUCE,BABARA $210,000.00 N
600119069 FULLER,ROY,CATHERIN $145,000.00 N
600119072 NACCARATA,JAMES $172,500.00 N
600119073 MCCRADY,MICHAEL $138,000.00 N
600119074 HOWERY,MARK,ANITA $233,900.00 N
600119075 BAKER,MICHAEL,SHARON $252,000.00 N
600119076 COBURN/SCIASCIA,THOMAS/AN $165,500.00 N
600119077 CABRERA,RUDY $49,000.00 N
600119078 CASSIDY,ANTHONY,BIRUTE $165,000.00 N
600119080 WILSON,RAYMOND,JULI $221,500.00 N
600119081 YANAGIHARA,PAUL $139,000.00 N
600119082 ZIMMERMAN,HAROLD $185,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 54
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119083 DURHAM,JOSEPH,DEBBIE 355 CANNON GREEN DRIVE GOLETA CA 93117 $180,280.53
600119086 MACKENZIE,HEIKE 7887 BALDWIN DAM ROAD FOLSOM CA 95630 $132,649.71
600119087 RIVERA,RICHARD,JANET 319 CASTENADA DRIVE MILLBRAE CA 94030 $124,838.89
600119088 CAMPI,THOMAS,MARY 175 MANTON DRIVE SAN JOSE CA 95123 $201,864.47
600119090 BURGER,DONALD,ANGIE 3451 RAMADA WAY SHINGLE SPRINGS CA 95682 $145,767.93
600119091 HERNANDEZ,LEANDRO,ISABEL 371 REXLAND DRIVE BAKERSFIELD CA 93307 $59,923.22
600119092 KLECKNER,STEVE,THERESA 16200 GUSTAFSON AVENUE PATTERSON CA 95363 $179,879.22
600119093 SWENSON,SCOTT 4115 KAPAKA LANE WHEATLAND CA 95692 $121,659.34
600119094 MCCORMICK,CLIFFORD,SHELIA 1258 DIAMOND BAR COURT REDDING CA 96003 $204,210.41
600119095 GREEN,JAMES,JOY 114 JOHN HENRY CIRCLE FOLSOM CA 95630 $169,759.26
600119096 REED,DANIEL,PATRICIA 10855 SHUMAKER ROAD TEHACHAPI CA 93561 $99,139.91
600119097 BERGE,DELIA,HENRY 11711 SNOWPEAK WAY TRUCKEE CA 96161 $66,457.60
600119099 BIGELOW,PAUL 2565 ALMA AVENUE SOUTH LAKE TAHO CA 96150 $98,274.07
600119103 ANA,LAVINIUS 5121 ARROYO STREET FAIR OAKS CA 95628 $91,942.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119083 DURHAM,JOSEPH,DEBBIE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119086 MACKENZIE,HEIKE 8.875 .250 8.625 .0400 8.585 12/01/2027
600119087 RIVERA,RICHARD,JANET 8.750 .250 8.500 .0400 8.460 12/01/2027
600119088 CAMPI,THOMAS,MARY 8.000 .250 7.750 .0400 7.710 01/01/2028
600119090 BURGER,DONALD,ANGIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119091 HERNANDEZ,LEANDRO,ISABEL 8.250 .250 8.000 .0400 7.960 12/01/2027
600119092 KLECKNER,STEVE,THERESA 8.000 .250 7.750 .0400 7.710 01/01/2028
600119093 SWENSON,SCOTT 8.750 .250 8.500 .0400 8.460 12/01/2027
600119094 MCCORMICK,CLIFFORD,SHELIA 7.750 .250 7.500 .0400 7.460 12/01/2027
600119095 GREEN,JAMES,JOY 7.750 .250 7.500 .0400 7.460 12/01/2027
600119096 REED,DANIEL,PATRICIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600119097 BERGE,DELIA,HENRY 8.250 .250 8.000 .0400 7.960 01/01/2028
600119099 BIGELOW,PAUL 8.250 .250 8.000 .0400 7.960 12/01/2027
600119103 ANA,LAVINIUS 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119083 DURHAM,JOSEPH,DEBBIE 552209 $1,387.89 2 02/01/1998 360
600119086 MACKENZIE,HEIKE 552239 $1,057.41 02/01/1998 360
600119087 RIVERA,RICHARD,JANET 552243 $983.38 02/01/1998 360
600119088 CAMPI,THOMAS,MARY 552245 $1,482.20 02/01/1998 360
600119090 BURGER,DONALD,ANGIE 552254 $1,109.33 02/01/1998 360
600119091 HERNANDEZ,LEANDRO,ISABEL 552261 $450.76 02/01/1998 360
600119092 KLECKNER,STEVE,THERESA 552263 $1,320.78 02/01/1998 360
600119093 SWENSON,SCOTT 552268 $958.20 02/01/1998 360
600119094 MCCORMICK,CLIFFORD,SHELIA 552279 $1,465.06 02/01/1998 360
600119095 GREEN,JAMES,JOY 552321 $1,217.90 02/01/1998 360
600119096 REED,DANIEL,PATRICIA 552333 $762.76 02/01/1998 360
600119097 BERGE,DELIA,HENRY 552335 $499.59 02/01/1998 360
600119099 BIGELOW,PAUL 552349 $739.25 02/01/1998 360
600119103 ANA,LAVINIUS 552405 $699.27 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119083 DURHAM,JOSEPH,DEBBIE $190,000.00 N
600119086 MACKENZIE,HEIKE $189,900.00 N
600119087 RIVERA,RICHARD,JANET $520,000.00 N
600119088 CAMPI,THOMAS,MARY $260,000.00 N
600119090 BURGER,DONALD,ANGIE $208,500.00 N
600119091 HERNANDEZ,LEANDRO,ISABEL $90,000.00 N
600119092 KLECKNER,STEVE,THERESA $225,000.00 N
600119093 SWENSON,SCOTT $175,500.00 N
600119094 MCCORMICK,CLIFFORD,SHELIA $274,000.00 N
600119095 GREEN,JAMES,JOY $215,000.00 N
600119096 REED,DANIEL,PATRICIA $124,000.00 N
600119097 BERGE,DELIA,HENRY $95,000.00 N
600119099 BIGELOW,PAUL $123,000.00 N
600119103 ANA,LAVINIUS $115,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 55
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119104 CHAPIN,MICKEY 1330 4TH STREET RED BLUFF CA 96080 $39,975.14
600119105 LIN,GANG-WEI 6454 SOUTH SUMAC WAY SALT LAKE CITY UT 84121 $151,805.47
600119106 MUSSER,ALMA,SUSAN 3367 SOUTH 6400 WEST WEST VALLEY CIT UT 84128 $99,780.90
600119107 CLEVINGER,VERNA JANE 622 WAGON WAY GRAND JUNCTION CO 81504 $97,539.34
600119108 BOWMAN,RICHARD 2217 CLAUDIA COURT GRAND JUNCTION CO 81503 $108,614.33
600119109 MEDINA,ISMAEL,LYNN 2620 SOUTH HUMBOLDT STREE DENVER CO 80210 $108,204.12
600119110 JOHNSON,CHARLES 3873 EAST MONTANA PLACE DENVER CO 80210 $93,140.57
600119113 VOGEL,GARY JR,TERESA 91 MEADOW MOUNTAIN COURT LIVERMORE CO 80536 $220,889.92
600119114 GUTIERREZ,AVEY,HELEN 1415 EAST KAEL STREET MESA AZ 85203 $87,204.26
600119116 DAGUE,DAN,LINDA 1145 WEST TONTO STREET PHOENIX AZ 85009 $49,620.32
600119117 WRIGHT,DIXIE 910 12TH STREET SAFFORD AZ 85546 $39,953.81
600119118 MCCORMICK,JAMI 807 NORTH CITRUS COVE MESA AZ 85213 $220,233.74
600119119 BURKE,JOHN,PAULA 2020 WEST PASEO MONSERRAT TUCSON AZ 85704 $83,897.86
600119120 CLEM,LINDA 8715 EAST MYRTLE STREET MESA AZ 85208 $58,330.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119104 CHAPIN,MICKEY 8.375 .250 8.125 .0400 8.085 01/01/2028
600119105 LIN,GANG-WEI 8.250 .250 8.000 .0400 7.960 12/01/2027
600119106 MUSSER,ALMA,SUSAN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119107 CLEVINGER,VERNA JANE 8.375 .250 8.125 .0400 8.085 01/01/2028
600119108 BOWMAN,RICHARD 8.375 .250 8.125 .0400 8.085 12/01/2027
600119109 MEDINA,ISMAEL,LYNN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119110 JOHNSON,CHARLES 8.250 .250 8.000 .0400 7.960 01/01/2028
600119113 VOGEL,GARY JR,TERESA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119114 GUTIERREZ,AVEY,HELEN 9.000 .250 8.750 .0400 8.710 12/01/2027
600119116 DAGUE,DAN,LINDA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119117 WRIGHT,DIXIE 8.750 .250 8.500 .0400 8.460 12/01/2027
600119118 MCCORMICK,JAMI 8.625 .250 8.375 .0400 8.335 12/01/2027
600119119 BURKE,JOHN,PAULA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119120 CLEM,LINDA 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119104 CHAPIN,MICKEY 552561 $304.03 02/01/1998 360
600119105 LIN,GANG-WEI 552905 $1,141.93 02/01/1998 360
600119106 MUSSER,ALMA,SUSAN 552928 $777.79 02/01/1998 360
600119107 CLEVINGER,VERNA JANE 552941 $741.83 02/01/1998 360
600119108 BOWMAN,RICHARD 552943 $826.58 02/01/1998 360
600119109 MEDINA,ISMAEL,LYNN 553006 $795.03 02/01/1998 360
600119110 JOHNSON,CHARLES 553013 $700.18 02/01/1998 360
600119113 VOGEL,GARY JR,TERESA 553022 $1,681.66 02/01/1998 360
600119114 GUTIERREZ,AVEY,HELEN 553906 $702.44 2 02/01/1998 360
600119116 DAGUE,DAN,LINDA 553920 $382.15 02/01/1998 360
600119117 WRIGHT,DIXIE 553923 $314.68 02/01/1998 360
600119118 MCCORMICK,JAMI 553926 $1,715.03 2 02/01/1998 360
600119119 BURKE,JOHN,PAULA 553928 $645.89 02/01/1998 360
600119120 CLEM,LINDA 553930 $454.23 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119104 CHAPIN,MICKEY $60,000.00 N
600119105 LIN,GANG-WEI $190,000.00 N
600119106 MUSSER,ALMA,SUSAN $125,000.00 N
600119107 CLEVINGER,VERNA JANE $122,000.00 N
600119108 BOWMAN,RICHARD $145,000.00 N
600119109 MEDINA,ISMAEL,LYNN $127,500.00 N
600119110 JOHNSON,CHARLES $116,500.00 N
600119113 VOGEL,GARY JR,TERESA $295,000.00 N
600119114 GUTIERREZ,AVEY,HELEN $92,000.00 N
600119116 DAGUE,DAN,LINDA $71,000.00 N
600119117 WRIGHT,DIXIE $50,000.00 N
600119118 MCCORMICK,JAMI $245,000.00 N
600119119 BURKE,JOHN,PAULA $105,000.00 N
600119120 CLEM,LINDA $77,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 56
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119121 SABIJON,JOSEPH 413-A EAST CULLUMBER AVEN GILBERT AZ 85234 $29,114.55
600119122 PUNG,THAY,SOKENG 1395 WEST IVANHOE STREET CHANDLER AZ 85224 $127,928.24
600119123 MILLS,ROBLEY,LINDA 12820 EAST MERCER LANE SCOTTSDALE AZ 85259 $166,399.13
600119124 SAI, XU-SAI,NELSON,HUI YI 9748 EAST MCANDREW COURT TUCSON AZ 85748 $130,835.65
600119127 JESSUP,JAY,FRANCIS 51 WEST GREENOCK DRIVE ORO VALLEY AZ 85737 $176,041.15
600119128 BARNES,WILLIAM 1002 SOUTH 98TH STREET MESA AZ 85208 $60,626.20
600119129 HILL,WENDY 16063 SOUTH 11TH PLACE PHOENIX AZ 85048 $102,268.95
600119130 DITSON-SOMMER,RAYMA 3220 EAST MINNEZONA CIRCL PHOENIX AZ 85018 $172,797.92
600119131 PETERS/MEAD,VIRGINIA/BESS 11528 WEST CITRUS GROVE W AVONDALE AZ 85323 $50,970.66
600119132 JOLY,THOMAS,CAROL 6009 EAST PRINCESS DRIVE MESA AZ 85205 $70,959.15
600119134 BLACKMON,ANTOLINA 439 DIANA PLACE MARINA CA 93933 $76,843.03
600119135 DAVIDSON,ONEIL,DOLORES 16733 DARYL AVENUE SAN LORENZO CA 94580 $112,304.64
600119136 UYEDA,JENNIFER 1484 PATIO DRIVE CAMPBELL CA 95008 $201,754.38
600119138 REESE,HOLLY 3018 KINGSLAND AVENUE OAKLAND CA 94619 $130,237.34
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119121 SABIJON,JOSEPH 8.500 .250 8.250 .0400 8.210 12/01/2027
600119122 PUNG,THAY,SOKENG 8.875 .250 8.625 .0400 8.585 01/01/2028
600119123 MILLS,ROBLEY,LINDA 8.500 .250 8.250 .0400 8.210 01/01/2028
600119124 SAI, XU-SAI,NELSON,HUI YI 8.375 .250 8.125 .0400 8.085 12/01/2027
600119127 JESSUP,JAY,FRANCIS 8.625 .250 8.375 .0400 8.335 12/01/2027
600119128 BARNES,WILLIAM 8.500 .250 8.250 .0400 8.210 12/01/2027
600119129 HILL,WENDY 8.250 .250 8.000 .0400 7.960 12/01/2027
600119130 DITSON-SOMMER,RAYMA 8.625 .250 8.375 .0400 8.335 01/01/2028
600119131 PETERS/MEAD,VIRGINIA/BESS 8.750 .250 8.500 .0400 8.460 01/01/2028
600119132 JOLY,THOMAS,CAROL 8.750 .250 8.500 .0400 8.460 01/01/2028
600119134 BLACKMON,ANTOLINA 8.500 .250 8.250 .0400 8.210 11/01/2027
600119135 DAVIDSON,ONEIL,DOLORES 8.750 .250 8.500 .0400 8.460 12/01/2027
600119136 UYEDA,JENNIFER 8.500 .250 8.250 .0400 8.210 12/01/2027
600119138 REESE,HOLLY 8.375 .250 8.125 .0400 8.085 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119121 SABIJON,JOSEPH 553935 $224.14 02/01/1998 360
600119122 PUNG,THAY,SOKENG 553939 $1,018.43 02/01/1998 360
600119123 MILLS,ROBLEY,LINDA 553961 $1,280.24 02/01/1998 360
600119124 SAI, XU-SAI,NELSON,HUI YI 553974 $997.21 02/01/1998 360
600119127 JESSUP,JAY,FRANCIS 553994 $1,370.85 02/01/1998 360
600119128 BARNES,WILLIAM 554002 $466.73 02/01/1998 360
600119129 HILL,WENDY 554016 $769.30 02/01/1998 360
600119130 DITSON-SOMMER,RAYMA 554020 $1,344.80 2 02/01/1998 360
600119131 PETERS/MEAD,VIRGINIA/BESS 554023 $401.22 02/01/1998 360
600119132 JOLY,THOMAS,CAROL 554030 $558.56 02/01/1998 360
600119134 BLACKMON,ANTOLINA 554923 $592.06 02/01/1998 360
600119135 DAVIDSON,ONEIL,DOLORES 554926 $885.04 02/01/1998 360
600119136 UYEDA,JENNIFER 554939 $1,553.21 02/01/1998 360
600119138 REESE,HOLLY 554942 $991.13 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119121 SABIJON,JOSEPH $43,700.00 N
600119122 PUNG,THAY,SOKENG $160,000.00 N
600119123 MILLS,ROBLEY,LINDA $222,000.00 N
600119124 SAI, XU-SAI,NELSON,HUI YI $164,000.00 N
600119127 JESSUP,JAY,FRANCIS $235,000.00 N
600119128 BARNES,WILLIAM $75,900.00 N
600119129 HILL,WENDY $128,000.00 N
600119130 DITSON-SOMMER,RAYMA $182,000.00 N
600119131 PETERS/MEAD,VIRGINIA/BESS $88,000.00 N
600119132 JOLY,THOMAS,CAROL $111,000.00 N
600119134 BLACKMON,ANTOLINA $181,000.00 N
600119135 DAVIDSON,ONEIL,DOLORES $150,000.00 N
600119136 UYEDA,JENNIFER $377,000.00 N
600119138 REESE,HOLLY $163,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 57
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119139 DOAN/DOAN,LY/LISA 815 NORTH CAPITOL AVENUE SAN JOSE CA 95133 $89,473.11
600119140 SAINZ,LAURA 454 LOMBARD STREET #3 SAN FRANCISCO CA 94133 $181,889.92
600119143 SLOAN,GORDON,BEATRIZ 24 LOVEJOY WAY NOVATO CA 94947 $110,980.29
600119145 HENRY,CARROLL 391 MANDARIN DRIVE DALY CITY CA 94015 $59,719.49
600119146 HENRY,CARROLL 329 BELLAM BOULEVARD SAN RAFAEL CA 94901 $79,892.29
600119149 DOIRON/THRESHER,ROBERT/FI 3535 BUTCHER DRIVE SANTA CLARA CA 95051 $175,796.75
600119152 YOLLIN,JENNIFER 12 GRANDA AVENUE SAN FRANCISO CA 94112 $186,084.29
600119153 PIROYAN,WILLMA 674 BLACKFORD COURT SAN JOSE CA 95117 $137,838.04
600119155 HARWIN,EDWARD,BARBARA 559 LEN WAY INCLINE VILLAGE NV 89451 $149,812.88
600119156 NORLING,GEORGIE 1068 CYNTHIA LANE SAN JOSE CA 95129 $134,831.59
600119157 JUAREZ,RICHARD,KIMBERL 330 CARDINAL COURT MILL VALLEY CA 94941 $209,787.97
600119159 TEJADA,FRANCES 520 LA VERNE AVENUE APTOS CA 95003 $151,719.16
600119160 SINGH,GURLAL 2826 GAYNOR AVENUE RICHMOND CA 94804 $91,888.14
600119162 MCCAIN,KELLI 723 AVENUE D REDONDO BEACH CA 90277 $201,734.84
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119139 DOAN/DOAN,LY/LISA 7.750 .250 7.500 .0400 7.460 12/01/2027
600119140 SAINZ,LAURA 8.125 .250 7.875 .0400 7.835 11/01/2027
600119143 SLOAN,GORDON,BEATRIZ 8.125 .250 7.875 .0400 7.835 11/01/2027
600119145 HENRY,CARROLL 8.000 .250 7.750 .0400 7.710 12/01/2027
600119146 HENRY,CARROLL 8.000 .250 7.750 .0400 7.710 12/01/2027
600119149 DOIRON/THRESHER,ROBERT/FI 8.750 .250 8.500 .0400 8.460 12/01/2027
600119152 YOLLIN,JENNIFER 8.000 .250 7.750 .0400 7.710 12/01/2027
600119153 PIROYAN,WILLMA 8.375 .250 8.125 .0400 8.085 11/01/2027
600119155 HARWIN,EDWARD,BARBARA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119156 NORLING,GEORGIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119157 JUAREZ,RICHARD,KIMBERL 8.375 .250 8.125 .0400 8.085 12/01/2027
600119159 TEJADA,FRANCES 8.625 .250 8.375 .0400 8.335 12/01/2027
600119160 SINGH,GURLAL 8.500 .250 8.250 .0400 8.210 12/01/2027
600119162 MCCAIN,KELLI 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119139 DOAN/DOAN,LY/LISA 554970 $641.91 02/01/1998 360
600119140 SAINZ,LAURA 555015 $1,353.20 02/01/1998 360
600119143 SLOAN,GORDON,BEATRIZ 555042 $825.66 02/01/1998 360
600119145 HENRY,CARROLL 555092 $438.79 02/01/1998 360
600119146 HENRY,CARROLL 555093 $587.01 02/01/1998 360
600119149 DOIRON/THRESHER,ROBERT/FI 555128 $1,384.59 02/01/1998 360
600119152 YOLLIN,JENNIFER 555166 $1,367.74 02/01/1998 360
600119153 PIROYAN,WILLMA 555190 $1,051.94 02/01/1998 360
600119155 HARWIN,EDWARD,BARBARA 555225 $1,140.11 02/01/1998 360
600119156 NORLING,GEORGIE 555268 $1,026.10 02/01/1998 360
600119157 JUAREZ,RICHARD,KIMBERL 555301 $1,596.53 02/01/1998 360
600119159 TEJADA,FRANCES 555312 $1,182.24 02/01/1998 360
600119160 SINGH,GURLAL 555315 $707.40 02/01/1998 360
600119162 MCCAIN,KELLI 555322 $1,499.84 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119139 DOAN/DOAN,LY/LISA $112,000.00 N
600119140 SAINZ,LAURA $243,000.00 N
600119143 SLOAN,GORDON,BEATRIZ $139,000.00 N
600119145 HENRY,CARROLL $98,000.00 N
600119146 HENRY,CARROLL $135,000.00 N
600119149 DOIRON/THRESHER,ROBERT/FI $220,000.00 N
600119152 YOLLIN,JENNIFER $233,000.00 N
600119153 PIROYAN,WILLMA $173,000.00 N
600119155 HARWIN,EDWARD,BARBARA $250,000.00 N
600119156 NORLING,GEORGIE $326,000.00 N
600119157 JUAREZ,RICHARD,KIMBERL $262,600.00 N
600119159 TEJADA,FRANCES $190,000.00 N
600119160 SINGH,GURLAL $115,000.00 N
600119162 MCCAIN,KELLI $402,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 58
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119163 LAZAR,JOHN 1135 LAS DALIAS COURT TURLOCK CA 95380 $107,369.30
600119164 EYRICH,LINDA 3007 CHESTNUT COURT FAIRFIELD CA 94533 $113,854.12
600119165 DEVEREAUX,RENEE 571 NEWPORT AVENUE GROVER BEACH CA 93433 $109,872.96
600119166 SRIJEMAC/MACIC,SLAVKO/GOR 4019 CAMINITO MELIADO SAN DIEGO CA 92122 $211,735.54
600119167 CONDUES,GEORGE 1205 LAFAYETTE STREET ALAMEDA CA 94501 $69,908.11
600119169 BURKETT,THOMAS,GAYLENE 7767 BURNHAM WAY DUBLIN CA 94568 $202,011.74
600119171 RAHIMZADEH,FARZAN 381 MOUNT WASHINGTON WAY CLAYTON CA 94517 $215,750.55
600119172 DONNAN,BOB 980 KIELY BOULEVARD #220 SANTA CLARA CA 95051 $67,921.46
600119174 HAM,DIANE 845 GOLF CLUB CIRCLE PLEASANT HILL CA 94523 $101,869.47
600119175 FORMANTES/COSTE,RONALD/JU 17920 FREMONTIA LANE VICTORVILLE CA 92392 $175,791.43
600119176 BEGUM,SAEEDA 7015 FAIRMOUNT AVENUE EL CERRITO CA 94530 $111,841.39
600119177 TANASE,SAMUEL,TOMIKO 1116 NORTH THIRD STREET SAN JOSE CA 95112 $174,776.05
600119180 LIM,HENRY 111 ROSA FLORA CIRCLE SOUTH SAN FRANC CA 94080 $219,703.79
600119181 FERNANDES,JOSE,MARIA 40 EASTON ROAD WATSONVILLE CA 95076 $132,842.39
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119163 LAZAR,JOHN 8.500 .250 8.250 .0400 8.210 12/01/2027
600119164 EYRICH,LINDA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119165 DEVEREAUX,RENEE 8.750 .250 8.500 .0400 8.460 12/01/2027
600119166 SRIJEMAC/MACIC,SLAVKO/GOR 8.375 .250 8.125 .0400 8.085 12/01/2027
600119167 CONDUES,GEORGE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119169 BURKETT,THOMAS,GAYLENE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119171 RAHIMZADEH,FARZAN 8.750 .250 8.500 .0400 8.460 12/01/2027
600119172 DONNAN,BOB 8.750 .250 8.500 .0400 8.460 12/01/2027
600119174 HAM,DIANE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119175 FORMANTES/COSTE,RONALD/JU 8.625 .250 8.375 .0400 8.335 12/01/2027
600119176 BEGUM,SAEEDA 7.750 .250 7.500 .0400 7.460 12/01/2027
600119177 TANASE,SAMUEL,TOMIKO 8.250 .250 8.000 .0400 7.960 12/01/2027
600119180 LIM,HENRY 8.000 .250 7.750 .0400 7.710 12/01/2027
600119181 FERNANDES,JOSE,MARIA 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119163 LAZAR,JOHN 555346 $826.58 02/01/1998 360
600119164 EYRICH,LINDA 555353 $856.44 02/01/1998 360
600119165 DEVEREAUX,RENEE 555359 $865.37 02/01/1998 360
600119166 SRIJEMAC/MACIC,SLAVKO/GOR 555382 $1,611.35 02/01/1998 360
600119167 CONDUES,GEORGE 555389 $519.75 02/01/1998 360
600119169 BURKETT,THOMAS,GAYLENE 555463 $1,508.75 02/01/1998 360
600119171 RAHIMZADEH,FARZAN 555477 $1,699.27 02/01/1998 360
600119172 DONNAN,BOB 555479 $534.96 02/01/1998 360
600119174 HAM,DIANE 555489 $766.29 02/01/1998 360
600119175 FORMANTES/COSTE,RONALD/JU 555515 $1,368.91 02/01/1998 360
600119176 BEGUM,SAEEDA 555519 $802.38 02/01/1998 360
600119177 TANASE,SAMUEL,TOMIKO 555540 $1,314.72 02/01/1998 360
600119180 LIM,HENRY 555568 $1,614.28 02/01/1998 360
600119181 FERNANDES,JOSE,MARIA 555585 $1,034.46 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119163 LAZAR,JOHN $137,000.00 N
600119164 EYRICH,LINDA $175,000.00 N
600119165 DEVEREAUX,RENEE $185,000.00 N
600119166 SRIJEMAC/MACIC,SLAVKO/GOR $265,000.00 N
600119167 CONDUES,GEORGE $260,000.00 N
600119169 BURKETT,THOMAS,GAYLENE $254,000.00 N
600119171 RAHIMZADEH,FARZAN $270,000.00 N
600119172 DONNAN,BOB $85,000.00 N
600119174 HAM,DIANE $170,000.00 N
600119175 FORMANTES/COSTE,RONALD/JU $220,000.00 N
600119176 BEGUM,SAEEDA $140,000.00 N
600119177 TANASE,SAMUEL,TOMIKO $255,000.00 N
600119180 LIM,HENRY $275,000.00 N
600119181 FERNANDES,JOSE,MARIA $190,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 59
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119182 SWAIN/PELLETIER,PATRICIA, 230 CALLE DE LA MESA NOVATO CA 94949 $211,854.10
600119183 ALUIA,CHRISTINE 1814 FOXBORO STREET PETALUMA CA 94954 $187,726.34
600119184 MADERA,SUSAN 4138 SARAH COURT SAN JOSE CA 95136 $223,867.75
600119185 FERNANDO,CHESTER,CYNTHIA 304 BUSH STREET SALINAS CA 93907 $135,842.95
600119186 PERCY,ERMA 299 CASTRO STREET SAN LEANDRO CA 94577 $147,551.06
600119187 CHEUNG,PHILLIP 34557 MELISSA TERRACE FREMONT CA 94555 $186,766.72
600119188 PRIDE,JOHN 1735 104TH AVENUE OAKLAND CA 94603 $103,883.85
600119190 DEMARAIS,CHRISTIAN 50 BURKESHIRE COURT CHICO CA 95926 $72,751.15
600119193 SOROUSHIAN/SORO,PARVIZ,MA 9611 HILLHAVEN AVENUE LOS ANGELES CA 91042 $125,312.44
600119194 SOROUSHIAN/SORO,PARVIZ,MA 9609 HILLHAVEN AVENUE LOS ANGELES CA 91042 $118,819.57
600119197 HEINZE/MENASCO,STEVEN/TON 725 DE GARMO STREET SAN FERNANDO CA 91340 $118,872.87
600119198 DANAIE,MOHAMMAD 20711 CLARK STREET LOS ANGELES CA 91367 $119,830.07
600119199 HASHEM,MANSOUR 11048 WAGNER STREET CULVER CITY CA 90230 $112,344.65
600119200 MCLAUGHLIN,WILLIAM 21435 CAROL SUE LANE SANTA CLARITA CA 91350 $141,740.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119182 SWAIN/PELLETIER,PATRICIA, 7.875 .250 7.625 .0400 7.585 01/01/2028
600119183 ALUIA,CHRISTINE 8.000 .250 7.750 .0400 7.710 12/01/2027
600119184 MADERA,SUSAN 8.625 .250 8.375 .0400 8.335 01/01/2028
600119185 FERNANDO,CHESTER,CYNTHIA 8.750 .250 8.500 .0400 8.460 12/01/2027
600119186 PERCY,ERMA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119187 CHEUNG,PHILLIP 8.375 .250 8.125 .0400 8.085 12/01/2027
600119188 PRIDE,JOHN 8.500 .250 8.250 .0400 8.210 12/01/2027
600119190 DEMARAIS,CHRISTIAN 8.000 .250 7.750 .0400 7.710 01/01/2028
600119193 SOROUSHIAN/SORO,PARVIZ,MA 9.000 .250 8.750 .0400 8.710 12/01/2027
600119194 SOROUSHIAN/SORO,PARVIZ,MA 9.000 .250 8.750 .0400 8.710 12/01/2027
600119197 HEINZE/MENASCO,STEVEN/TON 9.125 .250 8.875 .0400 8.835 12/01/2027
600119198 DANAIE,MOHAMMAD 7.750 .250 7.500 .0400 7.460 12/01/2027
600119199 HASHEM,MANSOUR 7.875 .250 7.625 .0400 7.585 12/01/2027
600119200 MCLAUGHLIN,WILLIAM 8.500 .250 8.250 .0400 8.210 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119182 SWAIN/PELLETIER,PATRICIA, 555641 $1,537.15 02/01/1998 360
600119183 ALUIA,CHRISTINE 555642 $1,379.48 02/01/1998 360
600119184 MADERA,SUSAN 555675 $1,742.25 02/01/1998 360
600119185 FERNANDO,CHESTER,CYNTHIA 555677 $1,069.91 02/01/1998 360
600119186 PERCY,ERMA 555681 $1,084.14 02/01/1998 360
600119187 CHEUNG,PHILLIP 555686 $1,421.34 02/01/1998 360
600119188 PRIDE,JOHN 555757 $807.36 02/01/1998 360
600119190 DEMARAIS,CHRISTIAN 555854 $534.18 02/01/1998 360
600119193 SOROUSHIAN/SORO,PARVIZ,MA 555950 $1,009.40 02/01/1998 360
600119194 SOROUSHIAN/SORO,PARVIZ,MA 555951 $957.10 02/01/1998 360
600119197 HEINZE/MENASCO,STEVEN/TON 555971 $968.22 02/01/1998 360
600119198 DANAIE,MOHAMMAD 555975 $859.69 02/01/1998 360
600119199 HASHEM,MANSOUR 555976 $815.70 02/01/1998 360
600119200 MCLAUGHLIN,WILLIAM 555985 $1,091.86 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119182 SWAIN/PELLETIER,PATRICIA, $265,000.00 N
600119183 ALUIA,CHRISTINE $235,000.00 N
600119184 MADERA,SUSAN $280,000.00 N
600119185 FERNANDO,CHESTER,CYNTHIA $170,000.00 N
600119186 PERCY,ERMA $197,000.00 N
600119187 CHEUNG,PHILLIP $241,000.00 N
600119188 PRIDE,JOHN $140,000.00 N
600119190 DEMARAIS,CHRISTIAN $91,000.00 N
600119193 SOROUSHIAN/SORO,PARVIZ,MA $193,000.00 N
600119194 SOROUSHIAN/SORO,PARVIZ,MA $183,000.00 N
600119197 HEINZE/MENASCO,STEVEN/TON $170,000.00 N
600119198 DANAIE,MOHAMMAD $160,000.00 N
600119199 HASHEM,MANSOUR $150,000.00 N
600119200 MCLAUGHLIN,WILLIAM $177,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 60
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119202 ADAMS,FRANK 1825 & 1827 NORTH MARIPOS LOS ANGELES CA 90027 $175,202.64
600119208 LITTLE,DENNIS,MARILENA 5851 RICH HILL WAY YORBA LINDA CA 92886 $155,336.38
600119209 LU,KING 17504 KENSINGTON CIRCLE CERRITOS CA 90703 $163,800.59
600119210 TURK,TOVA 2517 RALSTON LANE REDONDO BEACH CA 90278 $167,954.22
600119211 VINCENT,CARMEN 9700 BOTHWELL ROAD LOS ANGELES CA 91324 $149,718.34
600119214 HUETT,FORREST,CHERYL 255 PINTAIL WAY CARSON CITY NV 89704 $131,835.33
600119216 BARTON,THOMAS,FRANCISC 4722 PIXIE AVENUE LAKEWOOD CA 90712 $134,722.92
600119217 BERGMANN,EDITH 2700 LATHROP COURT TUSTIN CA 92782 $157,797.81
600119218 ROSE,RICHARD 5141 GOODLAND AVENUE LOS ANGELES CA 91607 $164,799.37
600119220 HARRINGTON,WILLIAM,MARIA 9632 TAVERNOR ROAD WILTON AREA CA 95693 $122,974.40
600119222 SIMONOV,VLADIMIR,NADIA 8301 SE CLAY STREET PORTLAND OR 97216 $85,334.27
600119223 NGUYEN,TIEN 14519 OLIVE STREET BALDWIN PARK CA 91706 $139,026.36
600119224 BEREZOVSKY,YEFEEM 6151 ATOLL AVENUE LOS ANGELES CA 91401 $155,795.21
600119226 WORLEY,STEVE,PATSY 641, 643 AND 645 SOUTH 2N EL CAJON CA 92019 $176,585.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119202 ADAMS,FRANK 8.875 .250 8.625 .0400 8.585 11/01/2027
600119208 LITTLE,DENNIS,MARILENA 8.875 .250 8.625 .0400 8.585 11/01/2027
600119209 LU,KING 8.500 .250 8.250 .0400 8.210 12/01/2027
600119210 TURK,TOVA 8.750 .250 8.500 .0400 8.460 12/01/2027
600119211 VINCENT,CARMEN 8.375 .250 8.125 .0400 8.085 11/01/2027
600119214 HUETT,FORREST,CHERYL 8.375 .250 8.125 .0400 8.085 12/01/2027
600119216 BARTON,THOMAS,FRANCISC 8.125 .250 7.875 .0400 7.835 12/01/2027
600119217 BERGMANN,EDITH 8.250 .250 8.000 .0400 7.960 12/01/2027
600119218 ROSE,RICHARD 8.500 .250 8.250 .0400 8.210 12/01/2027
600119220 HARRINGTON,WILLIAM,MARIA 7.875 .250 7.625 .0400 7.585 12/01/2027
600119222 SIMONOV,VLADIMIR,NADIA 7.875 .250 7.625 .0400 7.585 12/01/2027
600119223 NGUYEN,TIEN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119224 BEREZOVSKY,YEFEEM 8.125 .250 7.875 .0400 7.835 12/01/2027
600119226 WORLEY,STEVE,PATSY 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119202 ADAMS,FRANK 555998 $1,396.36 12 02/01/1998 360
600119208 LITTLE,DENNIS,MARILENA 556033 $1,238.02 02/01/1998 360
600119209 LU,KING 556064 $1,261.02 02/01/1998 360
600119210 TURK,TOVA 556065 $1,324.80 02/01/1998 360
600119211 VINCENT,CARMEN 556070 $1,140.11 02/01/1998 360
600119214 HUETT,FORREST,CHERYL 556093 $1,003.30 02/01/1998 360
600119216 BARTON,THOMAS,FRANCISC 556107 $1,001.63 02/01/1998 360
600119217 BERGMANN,EDITH 556126 $1,187.00 02/01/1998 360
600119218 ROSE,RICHARD 556133 $1,268.71 02/01/1998 360
600119220 HARRINGTON,WILLIAM,MARIA 556149 $897.27 02/01/1998 360
600119222 SIMONOV,VLADIMIR,NADIA 556151 $663.44 02/01/1998 360
600119223 NGUYEN,TIEN 556159 $1,058.02 02/01/1998 360
600119224 BEREZOVSKY,YEFEEM 556165 $1,158.30 02/01/1998 360
600119226 WORLEY,STEVE,PATSY 556173 $1,359.44 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119202 ADAMS,FRANK $195,000.00 N
600119208 LITTLE,DENNIS,MARILENA $194,500.00 N
600119209 LU,KING $205,000.00 N
600119210 TURK,TOVA $210,500.00 N
600119211 VINCENT,CARMEN $305,000.00 N
600119214 HUETT,FORREST,CHERYL $165,000.00 N
600119216 BARTON,THOMAS,FRANCISC $179,900.00 N
600119217 BERGMANN,EDITH $197,500.00 N
600119218 ROSE,RICHARD $220,000.00 N
600119220 HARRINGTON,WILLIAM,MARIA $165,000.00 N
600119222 SIMONOV,VLADIMIR,NADIA $122,000.00 N
600119223 NGUYEN,TIEN $174,000.00 N
600119224 BEREZOVSKY,YEFEEM $195,000.00 N
600119226 WORLEY,STEVE,PATSY $221,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 61
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119227 FARNSWORTH,STEVEN,BEVERLY 20015 SW TILLAMOOK COURT TUALATIN OR 97062 $164,804.48
600119228 ROSAASEN,THOMAS,BARBARA 826 LAKEVIEW BOULEVARD MAMMOTH LAKES CA 93546 $97,078.75
600119229 HODGE,LACENA +7639 LA PORTE AVENUE HAYWARD CA 94545 $111,364.42
600119230 SARKISYAN,GRIGOR 11110 DULCET AVENUE LOS ANGELES CA 91326 $222,924.81
600119231 MANSOURI,SHAHNAZ 18100 BURBANK BOULEVARD LOS ANGELES CA 91356 $129,429.87
600119232 SMALLIS,SHAMARIA/JOHN,H 1132 NORTH CURRIER AVENUE SIMI VALLEY CA 93065 $185,362.49
600119233 BARAJAS,EVANGELINA 6319 AND 6319 1/2 BENSON HUNTINGTON PARK CA 90255 $197,371.79
600119234 STYLES,RICHARD 1221 NORTH SYCAMORE AVENU LOS ANGELES CA 90038 $73,757.88
600119235 NORFLEET,LEON 16826 & 16826 1/2 SO. BER GARDENA CA 90247 $139,842.46
600119236 ZHANG,RUO 18402 MARIMBA STREET ROWLAND HEIGHTS CA 91748 $108,687.43
600119238 WIEBE,JOHANNA 1765 KAWEAH DRIVE PASADENA CA 91105 $149,586.28
600119239 CUADROS,MANUEL 7734 ATOLL AVENUE LOS ANGELES CA 91605 $122,954.00
600119240 LYNCH,KENNETH 13632 EDWARDS STREET WESTMINSTER CA 92683 $115,862.53
600119241 BISH,RONALD,LAURA 700 EAST TUMBLEWEED LANE TAYLOR AZ 85939 $68,612.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119227 FARNSWORTH,STEVEN,BEVERLY 8.625 .250 8.375 .0400 8.335 12/01/2027
600119228 ROSAASEN,THOMAS,BARBARA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119229 HODGE,LACENA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119230 SARKISYAN,GRIGOR 8.500 .250 8.250 .0400 8.210 12/01/2027
600119231 MANSOURI,SHAHNAZ 8.125 .250 7.875 .0400 7.835 12/01/2027
600119232 SMALLIS,SHAMARIA/JOHN,H 8.250 .250 8.000 .0400 7.960 12/01/2027
600119233 BARAJAS,EVANGELINA 8.750 .250 8.500 .0400 8.460 12/01/2027
600119234 STYLES,RICHARD 8.375 .250 8.125 .0400 8.085 12/01/2027
600119235 NORFLEET,LEON 8.875 .250 8.625 .0400 8.585 12/01/2027
600119236 ZHANG,RUO 8.750 .250 8.500 .0400 8.460 01/01/2028
600119238 WIEBE,JOHANNA 7.750 .250 7.500 .0400 7.460 12/01/2027
600119239 CUADROS,MANUEL 8.625 .250 8.375 .0400 8.335 12/01/2027
600119240 LYNCH,KENNETH 8.625 .250 8.375 .0400 8.335 12/01/2027
600119241 BISH,RONALD,LAURA 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119227 FARNSWORTH,STEVEN,BEVERLY 556181 $1,283.35 02/01/1998 360
600119228 ROSAASEN,THOMAS,BARBARA 556194 $738.79 02/01/1998 360
600119229 HODGE,LACENA 556197 $857.34 02/01/1998 360
600119230 SARKISYAN,GRIGOR 556203 $1,716.21 02/01/1998 360
600119231 MANSOURI,SHAHNAZ 556205 $962.28 02/01/1998 360
600119232 SMALLIS,SHAMARIA/JOHN,H 556212 $1,394.35 02/01/1998 360
600119233 BARAJAS,EVANGELINA 556216 $1,554.52 12 02/01/1998 360
600119234 STYLES,RICHARD 556217 $561.31 02/01/1998 360
600119235 NORFLEET,LEON 556220 $1,113.90 02/01/1998 360
600119236 ZHANG,RUO 556227 $855.54 02/01/1998 360
600119238 WIEBE,JOHANNA 556252 $1,074.62 02/01/1998 360
600119239 CUADROS,MANUEL 556253 $958.24 02/01/1998 360
600119240 LYNCH,KENNETH 556258 $902.24 02/01/1998 360
600119241 BISH,RONALD,LAURA 556260 $516.12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119227 FARNSWORTH,STEVEN,BEVERLY $227,000.00 N
600119228 ROSAASEN,THOMAS,BARBARA $121,500.00 N
600119229 HODGE,LACENA $160,000.00 N
600119230 SARKISYAN,GRIGOR $279,000.00 N
600119231 MANSOURI,SHAHNAZ $162,000.00 N
600119232 SMALLIS,SHAMARIA/JOHN,H $232,000.00 N
600119233 BARAJAS,EVANGELINA $208,000.00 N
600119234 STYLES,RICHARD $105,500.00 N
600119235 NORFLEET,LEON $175,000.00 N
600119236 ZHANG,RUO $145,000.00 N
600119238 WIEBE,JOHANNA $360,000.00 N
600119239 CUADROS,MANUEL $154,000.00 N
600119240 LYNCH,KENNETH $145,000.00 N
600119241 BISH,RONALD,LAURA $114,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 62
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119243 AMADOR,ROSIE 3826-3828 BEYER BOULEVARD SAN DIEGO CA 92173 $49,940.76
600119245 ALKEINE,SALPHI 3204 CRISTOBAL WAY LAS VEGAS NV 89117 $99,887.47
600119246 REPHUN,HERSHEL,BATYA 5435 FULTON AVENUE LOS ANGELES CA 91401 $171,796.17
600119247 PARKER,DELORES 14032 SOUTH NORTHWOOD AVE COMPTON AREA CA 90222 $29,963.53
600119248 WORLEY,STEVE,PATSY 9126-28 LAMAR STREET SPRING VALLEY CA 91977 $59,932.47
600119249 REGA,JEFF 1314 NORTH GENESEE AVENUE LOS ANGELES CA 90046 $214,039.44
600119250 BRADLEY,THOMAS 1124 EAST LAS TUNAS DRIVE SAN GABRIEL CA 91776 $87,646.01
600119251 KOLTUNCZYK,MARIANNA 10562 OAK GLEN AVENUE MONTCLAIR CA 91763 $71,165.56
600119252 NGUYEN,TUYET,TAM 14523 OLIVE STREET BALDWIN PARK CA 91706 $139,017.26
600119254 O'SULLIVAN,BARBARA 1351 NORTH CRESCENT HEIGH WEST HOLLYWOOD CA 90046 $86,130.91
600119256 ALVAREZ,MATT,HELEN 350 MCHENRY PARK CITY UT 84060 $199,865.80
600119257 SOLEIMANZADEH,MANSOUR,MIN 30826 OAKRIM ROAD WESTLAKE VILLAG CA 91362 $187,746.86
600119258 WEBER,FLOYD,SHELLIE 72 PASQUAL AVENUE VENTURA CA 93004 $128,435.43
600119260 BACON,DARRYL,APRIL 18920 CABRAL STREET SANTA CLARITA CA 91351 $124,328.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119243 AMADOR,ROSIE 8.625 .250 8.375 .0400 8.335 12/01/2027
600119245 ALKEINE,SALPHI 8.875 .250 8.625 .0400 8.585 12/01/2027
600119246 REPHUN,HERSHEL,BATYA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119247 PARKER,DELORES 8.500 .250 8.250 .0400 8.210 12/01/2027
600119248 WORLEY,STEVE,PATSY 8.875 .250 8.625 .0400 8.585 12/01/2027
600119249 REGA,JEFF 8.500 .250 8.250 .0400 8.210 12/01/2027
600119250 BRADLEY,THOMAS 8.625 .250 8.375 .0400 8.335 12/01/2027
600119251 KOLTUNCZYK,MARIANNA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119252 NGUYEN,TUYET,TAM 8.125 .250 7.875 .0400 7.835 12/01/2027
600119254 O'SULLIVAN,BARBARA 7.875 .250 7.625 .0400 7.585 12/01/2027
600119256 ALVAREZ,MATT,HELEN 8.000 .250 7.750 .0400 7.710 01/01/2028
600119257 SOLEIMANZADEH,MANSOUR,MIN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119258 WEBER,FLOYD,SHELLIE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119260 BACON,DARRYL,APRIL 7.875 .250 7.625 .0400 7.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119243 AMADOR,ROSIE 556276 $388.89 02/01/1998 360
600119245 ALKEINE,SALPHI 556295 $795.64 02/01/1998 360
600119246 REPHUN,HERSHEL,BATYA 556306 $1,337.80 02/01/1998 360
600119247 PARKER,DELORES 556312 $230.67 02/01/1998 360
600119248 WORLEY,STEVE,PATSY 556329 $477.39 02/01/1998 360
600119249 REGA,JEFF 556336 $1,647.78 02/01/1998 360
600119250 BRADLEY,THOMAS 556364 $682.51 02/01/1998 360
600119251 KOLTUNCZYK,MARIANNA 556366 $554.18 02/01/1998 360
600119252 NGUYEN,TUYET,TAM 556377 $1,033.56 02/01/1998 360
600119254 O'SULLIVAN,BARBARA 556395 $625.37 02/01/1998 360
600119256 ALVAREZ,MATT,HELEN 556425 $1,467.53 02/01/1998 360
600119257 SOLEIMANZADEH,MANSOUR,MIN 556427 $1,379.48 02/01/1998 360
600119258 WEBER,FLOYD,SHELLIE 556431 $966.13 02/01/1998 360
600119260 BACON,DARRYL,APRIL 556456 $902.71 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119243 AMADOR,ROSIE $115,000.00 N
600119245 ALKEINE,SALPHI $126,000.00 N
600119246 REPHUN,HERSHEL,BATYA $215,000.00 N
600119247 PARKER,DELORES $122,000.00 N
600119248 WORLEY,STEVE,PATSY $80,000.00 N
600119249 REGA,JEFF $267,900.00 N
600119250 BRADLEY,THOMAS $117,000.00 N
600119251 KOLTUNCZYK,MARIANNA $95,000.00 N
600119252 NGUYEN,TUYET,TAM $174,000.00 N
600119254 O'SULLIVAN,BARBARA $115,000.00 N
600119256 ALVAREZ,MATT,HELEN $395,000.00 N
600119257 SOLEIMANZADEH,MANSOUR,MIN $235,000.00 N
600119258 WEBER,FLOYD,SHELLIE $185,000.00 N
600119260 BACON,DARRYL,APRIL $166,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 63
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119261 BYKOU/ELBAUM,VALERY,IRINA 5441 YARMOUTH AVENUE ENCINO CA 91316 $99,865.37
600119262 SHIVELY,DAVID,DIANA 17520 HIGH GUN DRIVE TEHACHAPI CA 93561 $75,902.75
600119264 TANG,CHEUK 24337 GAZEBO COURT DIAMOND BAR CA 91765 $142,626.37
600119266 BOWE,LINDA 43621 TRANQUILITY COURT LANCASTER CA 93535 $29,401.77
600119267 HAYES,CALVIN 7912 BLACKBURN AVENUE LOS ANGELES CA 90048 $159,810.40
600119268 THOMPSON,IVER,CYNTHIA 9114 SANTINA STREET CHATSWORTH AREA CA 91311 $102,278.65
600119269 BONNER,COLLEEN 20152 SAN GABRIEL VALLEY WALNUT CA 91789 $163,800.59
600119270 DURAN,ARMAND,DEBRA 6143 WISTERIA STREET SIMI VALLEY ARE CA 93063 $164,289.63
600119271 FORTIER,SCOTT 11300 ZELZAH AVENUE LOS ANGELES CA 91344 $206,735.11
600119273 LOVE,JAMES 10238 GREEN STREET TEMPLE CITY CA 91780 $172,589.90
600119274 MEYER,ROY 126 PROSPECT AVENUE LONG BEACH CA 90803 $199,744.06
600119276 LAM,DAVID,CLAUDIA 106 EAST LINDA VISTA AVEN ALHAMBRA CA 91801 $159,895.33
600119277 CONNOLLY,MAXINE 1018 EAST CAPERTON STREET LANCASTER CA 93535 $67,462.16
600119278 GOMEZ,PABLO,TEODORA 11236 SARAGOSA STREET WHITTIER AREA CA 90606 $92,082.01
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119261 BYKOU/ELBAUM,VALERY,IRINA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119262 SHIVELY,DAVID,DIANA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119264 TANG,CHEUK 8.500 .250 8.250 .0400 8.210 12/01/2027
600119266 BOWE,LINDA 9.000 .250 8.750 .0400 8.710 12/01/2027
600119267 HAYES,CALVIN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119268 THOMPSON,IVER,CYNTHIA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119269 BONNER,COLLEEN 8.500 .250 8.250 .0400 8.210 12/01/2027
600119270 DURAN,ARMAND,DEBRA 8.000 .250 7.750 .0400 7.710 01/01/2028
600119271 FORTIER,SCOTT 8.250 .250 8.000 .0400 7.960 12/01/2027
600119273 LOVE,JAMES 8.500 .250 8.250 .0400 8.210 12/01/2027
600119274 MEYER,ROY 8.250 .250 8.000 .0400 7.960 12/01/2027
600119276 LAM,DAVID,CLAUDIA 8.125 .250 7.875 .0400 7.835 01/01/2028
600119277 CONNOLLY,MAXINE 8.875 .250 8.625 .0400 8.585 01/01/2028
600119278 GOMEZ,PABLO,TEODORA 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119261 BYKOU/ELBAUM,VALERY,IRINA 556468 $733.76 02/01/1998 360
600119262 SHIVELY,DAVID,DIANA 556470 $570.96 02/01/1998 360
600119264 TANG,CHEUK 556487 $1,098.01 02/01/1998 360
600119266 BOWE,LINDA 556522 $273.57 02/01/1998 360
600119267 HAYES,CALVIN 556542 $1,244.46 02/01/1998 360
600119268 THOMPSON,IVER,CYNTHIA 556548 $796.46 02/01/1998 360
600119269 BONNER,COLLEEN 556555 $1,261.02 02/01/1998 360
600119270 DURAN,ARMAND,DEBRA 556564 $1,207.04 02/01/1998 360
600119271 FORTIER,SCOTT 556569 $1,555.12 02/01/1998 360
600119273 LOVE,JAMES 556584 $1,328.68 02/01/1998 360
600119274 MEYER,ROY 556592 $1,502.53 02/01/1998 360
600119276 LAM,DAVID,CLAUDIA 556629 $1,188.00 02/01/1998 360
600119277 CONNOLLY,MAXINE 556672 $537.06 2 02/01/1998 360
600119278 GOMEZ,PABLO,TEODORA 556691 $692.67 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119261 BYKOU/ELBAUM,VALERY,IRINA $125,000.00 N
600119262 SHIVELY,DAVID,DIANA $105,000.00 N
600119264 TANG,CHEUK $190,500.00 N
600119266 BOWE,LINDA $68,900.00 N
600119267 HAYES,CALVIN $200,000.00 N
600119268 THOMPSON,IVER,CYNTHIA $128,000.00 N
600119269 BONNER,COLLEEN $205,000.00 N
600119270 DURAN,ARMAND,DEBRA $235,000.00 N
600119271 FORTIER,SCOTT $276,100.00 N
600119273 LOVE,JAMES $216,000.00 N
600119274 MEYER,ROY $250,000.00 N
600119276 LAM,DAVID,CLAUDIA $200,000.00 N
600119277 CONNOLLY,MAXINE $75,000.00 N
600119278 GOMEZ,PABLO,TEODORA $167,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 64
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119279 MEDINA,LEOPOLD,JUANITA 1830 PRITCHARD WAY LOS ANGELES CA 91745 $102,940.74
600119280 REYNOLDS,HENRY 737 BROOKS AVENUE LOS ANGELES CA 90291 $74,953.39
600119281 GOODMAN,THEODORE 2920 NEILSON WAY SANTA MONICA CA 90405 $191,778.27
600119283 HORVET,BRUCE,MARIA 6460 BOBBYBOYAR AVENUE LOS ANGELES CA 91307 $143,910.50
600119284 KOK/YOUNG,LIN/MEI 13235 CANTRECE LANE CERRITOS CA 90703 $99,861.91
600119286 RADWINE,SAMUEL 1310 EAST OCEAN BOULEVARD LONG BEACH CA 90802 $141,432.20
600119287 LUCAS,MOYES,JAN 912 MOUNT WASHINGTON DRIV LOS ANGELES CA 90065 $157,899.25
600119288 GOMEZ,MAYRA Z. 529 & 531 WEST PALM STREE COMPTON CA 90220 $114,922.84
600119289 HELMANDI,HAMID 1106 CATLIN COURT SIMI VALLEY CA 93065 $120,257.32
600119291 SALAZAR,ABEL 16206 GRAND AVENUE BELLFLOWER CA 90706 $147,815.37
600119292 VASHDEV,RAJESH 3006 JOHNSTON AVENUE REDONDO BEACH CA 90273 $163,908.06
600119293 CALIFANO,ERNEST M. 21 WINETKA LANE WEST MILFORD NJ 07480 $93,938.91
600119294 HOLLAR,DEBORAH 3175 RANKE COURT GROVE CITY OH 43123 $108,030.43
600119295 HELSETH,GLENN, DEBORAH 2700 HOLLY RIDGE LANE WILLIAMSBURG VA 23185 $59,874.12
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119279 MEDINA,LEOPOLD,JUANITA 8.750 .250 8.500 .0400 8.460 01/01/2028
600119280 REYNOLDS,HENRY 8.375 .250 8.125 .0400 8.085 01/01/2028
600119281 GOODMAN,THEODORE 8.750 .250 8.500 .0400 8.460 12/01/2027
600119283 HORVET,BRUCE,MARIA 8.375 .250 8.125 .0400 8.085 01/01/2028
600119284 KOK/YOUNG,LIN/MEI 7.875 .250 7.625 .0400 7.585 12/01/2027
600119286 RADWINE,SAMUEL 8.625 .250 8.375 .0400 8.335 12/01/2027
600119287 LUCAS,MOYES,JAN 8.250 .250 8.000 .0400 7.960 01/01/2028
600119288 GOMEZ,MAYRA Z. 8.000 .250 7.750 .0400 7.710 01/01/2028
600119289 HELMANDI,HAMID 8.625 .250 8.375 .0400 8.335 12/01/2027
600119291 SALAZAR,ABEL 8.375 .250 8.125 .0400 8.085 12/01/2027
600119292 VASHDEV,RAJESH 8.875 .250 8.625 .0400 8.585 01/01/2028
600119293 CALIFANO,ERNEST M. 8.875 .250 8.625 .0400 8.585 11/01/2027
600119294 HOLLAR,DEBORAH 9.250 .250 9.000 .0400 8.960 11/01/2027
600119295 HELSETH,GLENN, DEBORAH 9.250 .250 9.000 .0400 8.960 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119279 MEDINA,LEOPOLD,JUANITA 556704 $810.30 12 02/01/1998 360
600119280 REYNOLDS,HENRY 556723 $570.05 02/01/1998 360
600119281 GOODMAN,THEODORE 556732 $1,510.46 02/01/1998 360
600119283 HORVET,BRUCE,MARIA 556738 $1,094.50 02/01/1998 360
600119284 KOK/YOUNG,LIN/MEI 556772 $725.07 02/01/1998 360
600119286 RADWINE,SAMUEL 556804 $1,101.35 02/01/1998 360
600119287 LUCAS,MOYES,JAN 556829 $1,187.00 02/01/1998 360
600119288 GOMEZ,MAYRA Z. 556832 $843.83 02/01/1998 360
600119289 HELMANDI,HAMID 556835 $936.46 02/01/1998 360
600119291 SALAZAR,ABEL 556848 $1,124.91 02/01/1998 360
600119292 VASHDEV,RAJESH 556873 $1,304.86 02/01/1998 360
600119293 CALIFANO,ERNEST M. 556906 $749.50 02/01/1998 360
600119294 HOLLAR,DEBORAH 556907 $890.13 02/01/1998 360
600119295 HELSETH,GLENN, DEBORAH 556908 $493.61 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119279 MEDINA,LEOPOLD,JUANITA $117,000.00 N
600119280 REYNOLDS,HENRY $165,000.00 N
600119281 GOODMAN,THEODORE $240,000.00 N
600119283 HORVET,BRUCE,MARIA $180,000.00 N
600119284 KOK/YOUNG,LIN/MEI $200,000.00 N
600119286 RADWINE,SAMUEL $177,000.00 N
600119287 LUCAS,MOYES,JAN $197,500.00 N
600119288 GOMEZ,MAYRA Z. $145,000.00 N
600119289 HELMANDI,HAMID $172,000.00 N
600119291 SALAZAR,ABEL $185,000.00 N
600119292 VASHDEV,RAJESH $205,000.00 N
600119293 CALIFANO,ERNEST M. $119,000.00 N
600119294 HOLLAR,DEBORAH $144,276.00 N
600119295 HELSETH,GLENN, DEBORAH $75,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 65
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119297 SKINNER,THEODORE M. 127 RIDGE WAY LANE CLAYTON NC 27520 $74,582.91
600119298 LEWIS,ULYESSES 111-42 145TH STREET JAMAICA NY 11435 $59,895.68
600119299 JONAS,FRANK, MARJORIE 1469 MACOPIN ROAD WESTMILFORD TOW NJ 07480 $214,055.10
600119301 TURNER,ALASTAIR J. 119 EAST MONTGOMERY AVENU LOWERMERION TOW PA 19003 $150,251.51
600119303 DAHL,UNNI 1281 EAST COUNTY LINE RD LAKEWOOD NJ 08701 $89,448.19
600119304 VIGLIOTTI,LEONARD 5018 HAYES STREET HOLLYWOOD FL 33021 $142,957.38
600119305 LAWRENCE,ESTHER 3316 CELEBRATION LANE MARGATE FL 33063 $68,982.93
600119308 WRIGHT,KEITH,DARRELENE 25203 TERRENO DRIVE MISSION VIEJO CA 92691 $191,639.48
600119310 HENRAUX,JEAN LOUIS,ELLE 12133 LAUREL TERRACE DRIV LOS ANGELES (ST CA 91604 $219,725.56
600119311 ECHAURI,DAMIAN,NADIA 660 W PARK DRIVE #203 MIAMI FL 33172 $44,949.36
600119316 DONFRIO,THOMAS/RONNIE 14523 CAHITA AVENUE COMPTON CA 90220 $56,188.32
600119317 EASTERLY,DONALD, SALLY 14413 VOLTAIRE DRIVE PINE MOUNTAIN C CA 93222 $71,161.13
600119318 HILTON,EDWARD, MARIA 2541 HOLLY VALLEY DRIVE VISTA CA 92084 $148,971.20
600119319 BARRUS/FLANNERY,CRAIG/KEV 542 SOUTH 450 EAST STREET CLEARFIELD UT 84015 $96,981.10
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119297 SKINNER,THEODORE M. 9.250 .250 9.000 .0400 8.960 11/01/2027
600119298 LEWIS,ULYESSES 8.750 .250 8.500 .0400 8.460 11/01/2027
600119299 JONAS,FRANK, MARJORIE 9.125 .250 8.875 .0400 8.835 11/01/2027
600119301 TURNER,ALASTAIR J. 9.000 .250 8.750 .0400 8.710 11/01/2027
600119303 DAHL,UNNI 8.875 .250 8.625 .0400 8.585 11/01/2027
600119304 VIGLIOTTI,LEONARD 8.875 .250 8.625 .0400 8.585 11/01/2027
600119305 LAWRENCE,ESTHER 8.875 .250 8.625 .0400 8.585 11/01/2027
600119308 WRIGHT,KEITH,DARRELENE 8.375 .250 8.125 .0400 8.085 11/01/2027
600119310 HENRAUX,JEAN LOUIS,ELLE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119311 ECHAURI,DAMIAN,NADIA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119316 DONFRIO,THOMAS/RONNIE 9.000 .250 8.750 .0400 8.710 12/01/2027
600119317 EASTERLY,DONALD, SALLY 8.375 .250 8.125 .0400 8.085 12/01/2027
600119318 HILTON,EDWARD, MARIA 7.625 .250 7.375 .0400 7.335 11/01/2027
600119319 BARRUS/FLANNERY,CRAIG/KEV 8.750 .250 8.500 .0400 8.460 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119297 SKINNER,THEODORE M. 556910 $614.54 02/01/1998 360
600119298 LEWIS,ULYESSES 556911 $472.02 02/01/1998 360
600119299 JONAS,FRANK, MARJORIE 556913 $1,744.43 02/01/1998 360
600119301 TURNER,ALASTAIR J. 556919 $1,210.96 02/01/1998 360
600119303 DAHL,UNNI 556921 $712.90 02/01/1998 360
600119304 VIGLIOTTI,LEONARD 556923 $1,139.36 02/01/1998 360
600119305 LAWRENCE,ESTHER 556924 $549.79 02/01/1998 360
600119308 WRIGHT,KEITH,DARRELENE 556954 $1,459.34 02/01/1998 360
600119310 HENRAUX,JEAN LOUIS,ELLE 556966 $1,672.16 02/01/1998 360
600119311 ECHAURI,DAMIAN,NADIA 556968 $358.04 02/01/1998 360
600119316 DONFRIO,THOMAS/RONNIE 557018 $452.60 02/01/1998 360
600119317 EASTERLY,DONALD, SALLY 557052 $541.55 02/01/1998 360
600119318 HILTON,EDWARD, MARIA 557053 $1,058.86 02/01/1998 360
600119319 BARRUS/FLANNERY,CRAIG/KEV 557060 $764.28 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119297 SKINNER,THEODORE M. $93,400.00 N
600119298 LEWIS,ULYESSES $75,000.00 N
600119299 JONAS,FRANK, MARJORIE $268,000.00 N
600119301 TURNER,ALASTAIR J. $215,000.00 N
600119303 DAHL,UNNI $112,000.00 N
600119304 VIGLIOTTI,LEONARD $179,000.00 N
600119305 LAWRENCE,ESTHER $86,415.00 N
600119308 WRIGHT,KEITH,DARRELENE $240,000.00 N
600119310 HENRAUX,JEAN LOUIS,ELLE $335,000.00 N
600119311 ECHAURI,DAMIAN,NADIA $66,000.00 N
600119316 DONFRIO,THOMAS/RONNIE $75,000.00 N
600119317 EASTERLY,DONALD, SALLY $95,000.00 N
600119318 HILTON,EDWARD, MARIA $187,000.00 N
600119319 BARRUS/FLANNERY,CRAIG/KEV $107,950.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 66
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119320 MITCHELL,THEODORE C 3375 MIDAS AVENUE ROCKLIN CA 95677 $90,774.80
600119321 JOYCE,PAUL L. 62 MAGNOLIA AVENUE GLOUCESTER MA 01930 $149,812.88
600119322 FLOREZ,MAXIMILIANO,EMM 10521 SW 142 CT MIAMI FL 33186 $101,123.70
600119323 GRAHAM,GORDON, DOREEN 768 SAN ANTONIO CHICO CA 95973 $87,196.53
600119324 MASON,EARL, SHIRLEY 6435 EVEREST WAY SACRAMENTO CA 95842 $83,853.05
600119325 SAENZ,JOHN P 6201 CERULEAN AVENUE GARDEN GROVE CA 92845 $191,699.54
600119326 SNYDER,PAUL, SHIRLEY 32081 VIA BUENA SAN JUAN CAPIST CA 92675 $175,756.97
600119327 BAUTISTA-MEJIA,,JESUS, CA 524 EAST 35TH STREET LOS ANGELES CA 90011 $63,926.09
600119328 VIGIL,PHILLIP, VALERI 414 SNELL STREET SONORA CA 95370 $87,347.93
600119329 NGUYEN,HANNAH PHUONG 12651 BOLIVAR PLACE GARDEN GROVE CA 92843 $122,842.60
600119330 SAMEH,MANOSHAK 1200 VALLEY VIEW RD GLENDALE CA 91202 $106,804.16
600119332 ROBERTO,UMBERTO, ROSEMA 9 WOODLANE ROAD LAWRENCE TOWNSH NJ 08648 $119,791.37
600119334 ALLEN,DOUGLAS S. 5840 SAN JUAN AVENUE CITRUS HEIGHTS CA 95610 $58,412.99
600119335 CARROLL,LOREN 3001 SOUTH PACIFIC AVENUE SANTA ANA CA 92704 $93,300.73
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119320 MITCHELL,THEODORE C 8.250 .250 8.000 .0400 7.960 11/01/2027
600119321 JOYCE,PAUL L. 8.375 .250 8.125 .0400 8.085 12/01/2027
600119322 FLOREZ,MAXIMILIANO,EMM 8.375 .250 8.125 .0400 8.085 12/01/2027
600119323 GRAHAM,GORDON, DOREEN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119324 MASON,EARL, SHIRLEY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119325 SAENZ,JOHN P 7.250 .250 7.000 .0400 6.960 12/01/2027
600119326 SNYDER,PAUL, SHIRLEY 7.875 .250 7.625 .0400 7.585 12/01/2027
600119327 BAUTISTA-MEJIA,,JESUS, CA 8.750 .250 8.500 .0400 8.460 12/01/2027
600119328 VIGIL,PHILLIP, VALERI 8.751 .250 8.501 .0400 8.461 11/01/2027
600119329 NGUYEN,HANNAH PHUONG 8.250 .250 8.000 .0400 7.960 12/01/2027
600119330 SAMEH,MANOSHAK 8.500 .250 8.250 .0400 8.210 11/01/2027
600119332 ROBERTO,UMBERTO, ROSEMA 8.750 .250 8.500 .0400 8.460 11/01/2027
600119334 ALLEN,DOUGLAS S. 9.500 .250 9.250 .0400 9.210 11/01/2027
600119335 CARROLL,LOREN 7.750 .250 7.500 .0400 7.460 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119320 MITCHELL,THEODORE C 557082 $683.28 2 02/01/1998 360
600119321 JOYCE,PAUL L. 557086 $1,140.11 02/01/1998 360
600119322 FLOREZ,MAXIMILIANO,EMM 557103 $769.57 02/01/1998 360
600119323 GRAHAM,GORDON, DOREEN 557112 $679.01 02/01/1998 360
600119324 MASON,EARL, SHIRLEY 557131 $660.43 02/01/1998 360
600119325 SAENZ,JOHN P 557144 $1,309.78 02/01/1998 360
600119326 SNYDER,PAUL, SHIRLEY 557164 $1,276.12 02/01/1998 360
600119327 BAUTISTA-MEJIA,,JESUS, CA 557174 $503.49 02/01/1998 360
600119328 VIGIL,PHILLIP, VALERI 557219 $688.39 02/01/1998 360
600119329 NGUYEN,HANNAH PHUONG 557269 $924.06 02/01/1998 360
600119330 SAMEH,MANOSHAK 557281 $822.74 02/01/1998 360
600119332 ROBERTO,UMBERTO, ROSEMA 557286 $944.04 02/01/1998 360
600119334 ALLEN,DOUGLAS S. 557332 $491.90 1 02/01/1998 360
600119335 CARROLL,LOREN 557650 $669.85 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119320 MITCHELL,THEODORE C $107,000.00 N
600119321 JOYCE,PAUL L. $200,000.00 N
600119322 FLOREZ,MAXIMILIANO,EMM $135,000.00 N
600119323 GRAHAM,GORDON, DOREEN $109,200.00 N
600119324 MASON,EARL, SHIRLEY $105,000.00 N
600119325 SAENZ,JOHN P $240,000.00 N
600119326 SNYDER,PAUL, SHIRLEY $220,000.00 N
600119327 BAUTISTA-MEJIA,,JESUS, CA $80,000.00 N
600119328 VIGIL,PHILLIP, VALERI $113,500.00 N
600119329 NGUYEN,HANNAH PHUONG $157,000.00 N
600119330 SAMEH,MANOSHAK $133,750.00 N
600119332 ROBERTO,UMBERTO, ROSEMA $282,000.00 N
600119334 ALLEN,DOUGLAS S. $65,000.00 N
600119335 CARROLL,LOREN $242,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 67
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119336 CHANEY,STEVEN 898 CEDAR AVENUE SUNNYVALE CA 94086 $167,676.39
600119337 AGUILERA,ANA 2324 CHARITON STREET LOS ANGELES CA 90034 $203,616.94
600119339 WIEMERSLAGE,SCOTT 161 S.E. 9TH COURT POMPANO FL 33060 $135,763.58
600119340 HALL,WESLEY,LOUISE 2800 WEST 12TH STREET ROA GREELEY CO 80631 $88,680.44
600119341 KUBIS,PAUL,JANE 11282 N.W. 20TH DRIVE CORAL SPRINGS FL 33071 $195,767.73
600119343 BOVE,JOHANNA 790 NORTH GRAND MESA DRIV CEDAREDGE CO 81413 $113,450.87
600119344 SOTO,ANDRES 12660 HEADWATER CIRCLE WEST PALM BEACH FL 33414 $151,655.35
600119345 RAVELO,MERCEDES 3315-3317 SW 23 TERRACE MIAMI FL 33145 $113,042.21
600119347 ACHDJIAN,KEVORK,MARY 321 E. STOCKER ST. #102 GLENDALE CA 91207 $67,906.09
600119348 BUCHERIE,JOHN 1175 WINNEWOOD DRIVE WEST PALM BEACH FL 33417 $67,845.81
600119349 BARBANTI,ELIZABETH C. 1152 NORTH WEST STREET #R ANAHEIM CA 92801 $56,708.65
600119352 DYE,DAVID, LAURA 4201 WALNEY ROAD CHANTILLY VA 20151 $49,906.10
600119354 KERLEY,C. ROBERT 4715SW 62ND AVENUE DAVIE FL 33314 $71,076.22
600119357 MILAN,ZORAIDA, FRANCI 3725 S OCEAN DRIVE UNIT 1 HOLLYWOOD FL 33019 $86,860.05
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119336 CHANEY,STEVEN 8.250 .250 8.000 .0400 7.960 11/01/2027
600119337 AGUILERA,ANA 8.375 .250 8.125 .0400 8.085 11/01/2027
600119339 WIEMERSLAGE,SCOTT 8.375 .250 8.125 .0400 8.085 12/01/2027
600119340 HALL,WESLEY,LOUISE 8.000 .250 7.750 .0400 7.710 12/01/2027
600119341 KUBIS,PAUL,JANE 8.625 .250 8.375 .0400 8.335 12/01/2027
600119343 BOVE,JOHANNA 8.125 .250 7.875 .0400 7.835 12/01/2027
600119344 SOTO,ANDRES 8.875 .250 8.625 .0400 8.585 10/01/2027
600119345 RAVELO,MERCEDES 9.250 .250 9.000 .0400 8.960 12/01/2027
600119347 ACHDJIAN,KEVORK,MARY 7.875 .250 7.625 .0400 7.585 12/01/2027
600119348 BUCHERIE,JOHN 8.875 .250 8.625 .0400 8.585 10/01/2027
600119349 BARBANTI,ELIZABETH C. 9.125 .250 8.875 .0400 8.835 11/01/2027
600119352 DYE,DAVID, LAURA 8.375 .250 8.125 .0400 8.085 11/01/2027
600119354 KERLEY,C. ROBERT 8.750 .250 8.500 .0400 8.460 11/01/2027
600119357 MILAN,ZORAIDA, FRANCI 9.125 .250 8.875 .0400 8.835 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119336 CHANEY,STEVEN 557651 $1,262.13 02/01/1998 360
600119337 AGUILERA,ANA 557652 $1,550.55 02/01/1998 360
600119339 WIEMERSLAGE,SCOTT 557662 $1,033.70 02/01/1998 360
600119340 HALL,WESLEY,LOUISE 557664 $651.58 02/01/1998 360
600119341 KUBIS,PAUL,JANE 557675 $1,524.47 02/01/1998 360
600119343 BOVE,JOHANNA 557695 $843.48 02/01/1998 360
600119344 SOTO,ANDRES 557698 $1,209.38 02/01/1998 360
600119345 RAVELO,MERCEDES 557699 $930.94 02/01/1998 360
600119347 ACHDJIAN,KEVORK,MARY 557729 $493.05 02/01/1998 360
600119348 BUCHERIE,JOHN 557734 $541.04 02/01/1998 360
600119349 BARBANTI,ELIZABETH C. 557738 $462.14 02/01/1998 360
600119352 DYE,DAVID, LAURA 557744 $380.04 02/01/1998 360
600119354 KERLEY,C. ROBERT 557750 $560.13 02/01/1998 360
600119357 MILAN,ZORAIDA, FRANCI 557758 $707.86 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119336 CHANEY,STEVEN $210,000.00 N
600119337 AGUILERA,ANA $264,500.00 N
600119339 WIEMERSLAGE,SCOTT $170,000.00 N
600119340 HALL,WESLEY,LOUISE $111,000.00 N
600119341 KUBIS,PAUL,JANE $245,000.00 N
600119343 BOVE,JOHANNA $142,000.00 N
600119344 SOTO,ANDRES $190,000.00 N
600119345 RAVELO,MERCEDES $188,600.00 N
600119347 ACHDJIAN,KEVORK,MARY $148,000.00 N
600119348 BUCHERIE,JOHN $85,000.00 N
600119349 BARBANTI,ELIZABETH C. $71,000.00 N
600119352 DYE,DAVID, LAURA $129,000.00 N
600119354 KERLEY,C. ROBERT $89,000.00 N
600119357 MILAN,ZORAIDA, FRANCI $116,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 68
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119358 NGUYEN,TUYET-NHUNG 12454 BRICKELLIA STREET SAN DIEGO CA 92129 $204,637.09
600119359 PALMER,DEBORAK S 304 MINERS TRAIL GRASS VALLEY CA 95945 $99,661.87
600119360 RAMM,JOHN D, PATRICI 4517 127TH PLACE NORTHEAS MARYSVILLE WA 98271 $121,387.70
600119362 SINE,GARY, RITA 25 PARKVIEW PLACE FAIR LAWN NJ 07410 $147,714.94
600119363 SULKES,DAVID 1956 N. W. 169TH AVENUE PEMBBROKE PINES FL 33028 $143,679.72
600119366 WONG,JOSEPH 22825 IRONBARK DRIVE DIAMOND BAR CA 91765 $199,084.93
600119368 MC CRAW,JIMMY,JUDITH 1041 CORAL COURT MANTECA CA 95336 $96,887.97
600119369 AZAR,HOSANNA 308 ANDERSON STREET HACKENSACK NJ 07601 $149,787.58
600119370 GRICH,PEGGY 1901 EGREG STREET SHALLOTTE NC 28459 $195,773.58
600119371 LEE,BARBARA 4130 MCCLUNG DRIVE LOS ANGELES CA 90008 $72,414.08
600119372 SPENCE,ROBERT/LIBIS 586 AMWELL ROAD HILLSBOROUGH TW NJ 08876 $163,846.36
600119374 BROWN,ANITA 9549 VISTA ALETA VALLEY CENTER CA 92082 $219,716.23
600119375 GOMEZ,ROGELIA 23648 MISTY GLADE COURT MORENO VALLEY CA 92557 $64,719.16
600119376 FINKLEY/ZAJAC,RANDE/FRED 494 SOUTH 75 EAST CEDAR CITY UT 84720 $56,730.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119358 NGUYEN,TUYET-NHUNG 7.500 .250 7.250 .0400 7.210 11/01/2027
600119359 PALMER,DEBORAK S 8.625 .250 8.375 .0400 8.335 11/01/2027
600119360 RAMM,JOHN D, PATRICI 8.750 .250 8.500 .0400 8.460 11/01/2027
600119362 SINE,GARY, RITA 8.250 .250 8.000 .0400 7.960 11/01/2027
600119363 SULKES,DAVID 8.375 .250 8.125 .0400 8.085 11/01/2027
600119366 WONG,JOSEPH 8.500 .250 8.250 .0400 8.210 11/01/2027
600119368 MC CRAW,JIMMY,JUDITH 8.750 .250 8.500 .0400 8.460 12/01/2027
600119369 AZAR,HOSANNA 7.750 .250 7.500 .0400 7.460 12/01/2027
600119370 GRICH,PEGGY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119371 LEE,BARBARA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119372 SPENCE,ROBERT/LIBIS 9.750 .250 9.500 .0400 9.460 12/01/2027
600119374 BROWN,ANITA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119375 GOMEZ,ROGELIA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119376 FINKLEY/ZAJAC,RANDE/FRED 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119358 NGUYEN,TUYET-NHUNG 557759 $1,436.89 02/01/1998 360
600119359 PALMER,DEBORAK S 557760 $777.79 02/01/1998 360
600119360 RAMM,JOHN D, PATRICI 557761 $956.63 02/01/1998 360
600119362 SINE,GARY, RITA 557766 $1,111.87 02/01/1998 360
600119363 SULKES,DAVID 557770 $1,094.12 02/01/1998 360
600119366 WONG,JOSEPH 557776 $1,533.60 02/01/1998 360
600119368 MC CRAW,JIMMY,JUDITH 557790 $763.10 02/01/1998 360
600119369 AZAR,HOSANNA 557841 $1,074.62 02/01/1998 360
600119370 GRICH,PEGGY 557855 $1,541.93 02/01/1998 360
600119371 LEE,BARBARA 557866 $563.90 02/01/1998 360
600119372 SPENCE,ROBERT/LIBIS 557882 $1,409.01 02/01/1998 360
600119374 BROWN,ANITA 557904 $1,652.79 02/01/1998 360
600119375 GOMEZ,ROGELIA 557905 $492.53 02/01/1998 360
600119376 FINKLEY/ZAJAC,RANDE/FRED 557907 $436.74 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119358 NGUYEN,TUYET-NHUNG $274,000.00 N
600119359 PALMER,DEBORAK S $125,000.00 N
600119360 RAMM,JOHN D, PATRICI $152,000.00 N
600119362 SINE,GARY, RITA $185,000.00 N
600119363 SULKES,DAVID $179,990.00 N
600119366 WONG,JOSEPH $249,338.00 N
600119368 MC CRAW,JIMMY,JUDITH $122,000.00 N
600119369 AZAR,HOSANNA $230,000.00 N
600119370 GRICH,PEGGY $245,000.00 N
600119371 LEE,BARBARA $162,000.00 N
600119372 SPENCE,ROBERT/LIBIS $205,000.00 N
600119374 BROWN,ANITA $275,000.00 N
600119375 GOMEZ,ROGELIA $81,000.00 N
600119376 FINKLEY/ZAJAC,RANDE/FRED $71,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 69
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119377 ASHTON,MICHAEL,JILL 27521 ALMENDRA MISSION VIEJO CA 92691 $197,753.02
600119378 HUNTER,LULA 7164 PETER PAN AVENUE SAN DIEGO CA 92114 $121,455.90
600119379 DELUCCA,CLAUDIO,MARIBEL 4130 MIDDLESEX DRIVE SAN DIEGO CA 92116 $199,730.71
600119380 GOOD,DONNA,DENNIS 3784-86 3RD AVENUE SAN DIEGO CA 92103 $226,124.73
600119381 GRIER,ELSIE 7285-91 PACIFIC AVENUE LEMON GROVE CA 91945 $59,925.16
600119383 WATTS,MAUREEN 8729 AUTUMN WREATH AVENUE LAS VEGAS NV 89129 $139,234.81
600119384 MANDICH,NICK,DENISE ROUTE 2, 327 WILSON ROAD BISHOP CA 93514 $128,915.18
600119385 REZNICHEK,ROBERT,NANCY 435 SOUTH SIERRA AVENUE # SOLANA BEACH CA 92075 $149,798.03
600119387 BARRON,JUAN,CARMEN 28020 AVENIDA MARAVILLA CATHEDRAL CITY CA 92234 $107,868.68
600119388 HARRISON,ALLEN,JOANNE 7703 PASEO AL MONTE PINE VALLEY CA 91962 $179,763.72
600119389 GALLO,JOHN,SHARON 4600 WELLS ROAD BLYTHE CA 92225 $124,228.21
600119390 WARD,JOHN,SANDRA 2837 LA COLINA DRIVE ESCONDIDO CA 92027 $214,325.37
600119391 GARBERO,HAYDEE,JUAN 3956 LA JOLLA VILLAGE DRI SAN DIEGO CA 92037 $120,319.22
600119392 DANIELS,DORTHIA 6680 LIME AVENUE LONG BEACH CA 90805 $131,839.49
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119377 ASHTON,MICHAEL,JILL 8.375 .250 8.125 .0400 8.085 12/01/2027
600119378 HUNTER,LULA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119379 DELUCCA,CLAUDIO,MARIBEL 8.000 .250 7.750 .0400 7.710 12/01/2027
600119380 GOOD,DONNA,DENNIS 8.500 .250 8.250 .0400 8.210 12/01/2027
600119381 GRIER,ELSIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119383 WATTS,MAUREEN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119384 MANDICH,NICK,DENISE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119385 REZNICHEK,ROBERT,NANCY 8.000 .250 7.750 .0400 7.710 12/01/2027
600119387 BARRON,JUAN,CARMEN 8.500 .250 8.250 .0400 8.210 12/01/2027
600119388 HARRISON,ALLEN,JOANNE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119389 GALLO,JOHN,SHARON 7.875 .250 7.625 .0400 7.585 12/01/2027
600119390 WARD,JOHN,SANDRA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119391 GARBERO,HAYDEE,JUAN 8.000 .250 7.750 .0400 7.710 01/01/2028
600119392 DANIELS,DORTHIA 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119377 ASHTON,MICHAEL,JILL 557928 $1,504.94 02/01/1998 360
600119378 HUNTER,LULA 557936 $945.79 02/01/1998 360
600119379 DELUCCA,CLAUDIO,MARIBEL 557940 $1,467.53 02/01/1998 360
600119380 GOOD,DONNA,DENNIS 557948 $1,740.82 02/01/1998 360
600119381 GRIER,ELSIE 557953 $456.04 02/01/1998 360
600119383 WATTS,MAUREEN 557960 $1,084.24 2 02/01/1998 360
600119384 MANDICH,NICK,DENISE 557967 $961.53 02/01/1998 360
600119385 REZNICHEK,ROBERT,NANCY 557968 $1,100.65 02/01/1998 360
600119387 BARRON,JUAN,CARMEN 557997 $830.43 02/01/1998 360
600119388 HARRISON,ALLEN,JOANNE 558000 $1,336.49 02/01/1998 360
600119389 GALLO,JOHN,SHARON 558006 $901.99 02/01/1998 360
600119390 WARD,JOHN,SANDRA 558026 $1,612.22 02/01/1998 360
600119391 GARBERO,HAYDEE,JUAN 558028 $883.45 02/01/1998 360
600119392 DANIELS,DORTHIA 558030 $1,014.97 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119377 ASHTON,MICHAEL,JILL $288,000.00 N
600119378 HUNTER,LULA $152,000.00 N
600119379 DELUCCA,CLAUDIO,MARIBEL $320,000.00 N
600119380 GOOD,DONNA,DENNIS $283,000.00 N
600119381 GRIER,ELSIE $160,000.00 N
600119383 WATTS,MAUREEN $146,750.00 N
600119384 MANDICH,NICK,DENISE $185,000.00 N
600119385 REZNICHEK,ROBERT,NANCY $290,000.00 N
600119387 BARRON,JUAN,CARMEN $135,000.00 N
600119388 HARRISON,ALLEN,JOANNE $235,000.00 N
600119389 GALLO,JOHN,SHARON $155,500.00 N
600119390 WARD,JOHN,SANDRA $270,000.00 N
600119391 GARBERO,HAYDEE,JUAN $172,000.00 N
600119392 DANIELS,DORTHIA $165,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 70
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119393 GOERGEN,LINDA 2416 OCEAN FRONT DRIVE LAS VEGAS NV 89128 $164,799.37
600119395 FENWICK,STEPHEN 8035 TONE LANE EL CAJON CA 92021 $123,042.34
600119396 CRANFORD,DEBORAH 45 REYBURN DRIVE HENDERSON NV 89014 $171,706.55
600119397 JACOBS/WINDLE,MICHAEL/DEB 21209 U.S. HIGHWAY 140 HESPERUS CO 81326 $95,639.42
600119398 CHEN,JINN-YUAN 3186 JUANITA DRIVE LAS VEGAS NV 89102 $54,184.03
600119399 RUBIC,JULIE 352 NORTH VENDOME STREET LOS ANGELES CA 90026 $80,452.47
600119401 CRONAN,MELBURN 2133 STONE CROFT STREET LAS VEGAS NV 89134 $209,731.26
600119402 GARCIA,ROBERT,JANICE 11223 #A AVENIDA DE LOS L SAN DIEGO CA 92127 $76,413.90
600119405 ZATARAIN/ALVARE,VICTOR, B 2380 NORTH BOUNDARY STREE SAN DIEGO CA 92014 $135,834.64
600119406 MARTINEZ,ROMAN 2934 CASA MIA LANE LAS VEGAS NV 89121 $92,140.69
600119407 MAUL,ELIZABETH 4586 VILLAS DRIVE CHULA VISTA CA 91902 $79,892.29
600119408 MC DONOUGH,WALTER,KAREN 9269 LEMON AVENUE LA MESA CA 91941 $93,497.36
600119409 BOWDEN,DALOY,DENECE 3381-3387 SOUTH EDISON ST SALT LAKE CITY UT 84115 $145,894.33
600119410 LAMPING,WILLIAM 8080 CIBOLA COURT SAN DIEGO CA 92120 $191,810.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119393 GOERGEN,LINDA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119395 FENWICK,STEPHEN 8.250 .250 8.000 .0400 7.960 12/01/2027
600119396 CRANFORD,DEBORAH 8.875 .250 8.625 .0400 8.585 12/01/2027
600119397 JACOBS/WINDLE,MICHAEL/DEB 8.750 .250 8.500 .0400 8.460 12/01/2027
600119398 CHEN,JINN-YUAN 8.500 .250 8.250 .0400 8.210 12/01/2027
600119399 RUBIC,JULIE 8.625 .250 8.375 .0400 8.335 01/01/2028
600119401 CRONAN,MELBURN 8.250 .250 8.000 .0400 7.960 12/01/2027
600119402 GARCIA,ROBERT,JANICE 8.875 .250 8.625 .0400 8.585 12/01/2027
600119405 ZATARAIN/ALVARE,VICTOR, B 8.500 .250 8.250 .0400 8.210 12/01/2027
600119406 MARTINEZ,ROMAN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119407 MAUL,ELIZABETH 8.000 .250 7.750 .0400 7.710 12/01/2027
600119408 MC DONOUGH,WALTER,KAREN 9.000 .250 8.750 .0400 8.710 12/01/2027
600119409 BOWDEN,DALOY,DENECE 7.625 .250 7.375 .0400 7.335 01/01/2028
600119410 LAMPING,WILLIAM 7.875 .250 7.625 .0400 7.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119393 GOERGEN,LINDA 558057 $1,268.71 02/01/1998 360
600119395 FENWICK,STEPHEN 558068 $925.56 02/01/1998 360
600119396 CRANFORD,DEBORAH 558074 $1,367.71 2 02/01/1998 360
600119397 JACOBS/WINDLE,MICHAEL/DEB 558131 $753.27 02/01/1998 360
600119398 CHEN,JINN-YUAN 558141 $417.14 02/01/1998 360
600119399 RUBIC,JULIE 558147 $626.12 02/01/1998 360
600119401 CRONAN,MELBURN 558152 $1,577.66 02/01/1998 360
600119402 GARCIA,ROBERT,JANICE 558166 $608.67 2 02/01/1998 360
600119405 ZATARAIN/ALVARE,VICTOR, B 558202 $1,045.72 02/01/1998 360
600119406 MARTINEZ,ROMAN 558209 $717.51 02/01/1998 360
600119407 MAUL,ELIZABETH 558231 $587.01 02/01/1998 360
600119408 MC DONOUGH,WALTER,KAREN 558237 $753.13 02/01/1998 360
600119409 BOWDEN,DALOY,DENECE 558250 $1,033.38 02/01/1998 360
600119410 LAMPING,WILLIAM 558256 $1,392.13 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119393 GOERGEN,LINDA $220,000.00 N
600119395 FENWICK,STEPHEN $154,000.00 N
600119396 CRANFORD,DEBORAH $181,000.00 N
600119397 JACOBS/WINDLE,MICHAEL/DEB $119,700.00 N
600119398 CHEN,JINN-YUAN $77,500.00 N
600119399 RUBIC,JULIE $115,000.00 N
600119401 CRONAN,MELBURN $280,000.00 N
600119402 GARCIA,ROBERT,JANICE $85,000.00 N
600119405 ZATARAIN/ALVARE,VICTOR, B $170,000.00 N
600119406 MARTINEZ,ROMAN $123,000.00 N
600119407 MAUL,ELIZABETH $140,000.00 N
600119408 MC DONOUGH,WALTER,KAREN $117,000.00 N
600119409 BOWDEN,DALOY,DENECE $242,000.00 N
600119410 LAMPING,WILLIAM $256,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 71
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119411 HUNT,RICHARD 3127 BEL AIR DRIVE LAS VEGAS NV 89109 $59,919.21
600119412 LOPEZ,NICOLAS,MARIA 3521 VISTA LANE SAN YSIDRO CA 92173 $220,231.90
600119413 DULA,PHILLIP,CONSTAN 8509 COPPER FALLS AVENUE LAS VEGAS NV 89129 $141,659.00
600119414 GARCIA,CARLOS,ANA 4130 PORTE DE MERANO #73 SAN DIEGO CA 92122 $146,315.77
600119415 EGGERT,WILLIAM,CATHERI 10642 MATINAL CIRCLE SAN DIEGO CA 92127 $190,985.89
600119416 ROGERS,JEFF,KATHLEEN 4581 EDGEWARE ROAD SAN DIEGO CA 92116 $128,839.08
600119417 BOMBERGER,JACQUELINE 46 BRIGGS AVENUE ENCINITAS CA 92024 $196,734.74
600119419 CATTANEO,ELEANOR 310 SOLAR WIND STREET HENDERSON NV 89014 $114,606.86
600119422 WOZNICKI,REID,MONIQUE 2938 MACKEY DRIVE FALLBROOK CA 92028 $178,165.83
600119423 FINNEY,MICHAEL 1050 FAIRCHILD STREET LAS VEGAS NV 89110 $114,208.36
600119424 LESLIE,CONRADO,PAOLA 7964 CAMINITO DIA #1 SAN DIEGO CA 92122 $102,934.33
600119425 GALLI,MELVIN 4007 EVERTS STREET SAN DIEGO CA 92109 $77,849.04
600119426 RESTAD,RONALD,DIANE 35262 ATUPA AVENUE WILDOMOR CA 92595 $91,876.13
600119427 BOGGS/BOGGS,DONALD,JOELLE 1622 QUINCE AVENUE UPLAND CA 91784 $128,709.09
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119411 HUNT,RICHARD 8.000 .250 7.750 .0400 7.710 12/01/2027
600119412 LOPEZ,NICOLAS,MARIA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119413 DULA,PHILLIP,CONSTAN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119414 GARCIA,CARLOS,ANA 8.750 .250 8.500 .0400 8.460 01/01/2028
600119415 EGGERT,WILLIAM,CATHERI 7.875 .250 7.625 .0400 7.585 12/01/2027
600119416 ROGERS,JEFF,KATHLEEN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119417 BOMBERGER,JACQUELINE 8.000 .250 7.750 .0400 7.710 12/01/2027
600119419 CATTANEO,ELEANOR 8.375 .250 8.125 .0400 8.085 12/01/2027
600119422 WOZNICKI,REID,MONIQUE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119423 FINNEY,MICHAEL 8.500 .250 8.250 .0400 8.210 01/01/2028
600119424 LESLIE,CONRADO,PAOLA 8.250 .250 8.000 .0400 7.960 01/01/2028
600119425 GALLI,MELVIN 8.125 .250 7.875 .0400 7.835 01/01/2028
600119426 RESTAD,RONALD,DIANE 8.000 .250 7.750 .0400 7.710 12/01/2027
600119427 BOGGS/BOGGS,DONALD,JOELLE 7.750 .250 7.500 .0400 7.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119411 HUNT,RICHARD 558287 $440.26 02/01/1998 360
600119412 LOPEZ,NICOLAS,MARIA 558298 $1,695.45 02/01/1998 360
600119413 DULA,PHILLIP,CONSTAN 558299 $1,040.85 02/01/1998 360
600119414 GARCIA,CARLOS,ANA 558301 $1,151.73 02/01/1998 360
600119415 EGGERT,WILLIAM,CATHERI 558314 $1,386.70 02/01/1998 360
600119416 ROGERS,JEFF,KATHLEEN 558315 $980.49 02/01/1998 360
600119417 BOMBERGER,JACQUELINE 558322 $1,445.52 02/01/1998 360
600119419 CATTANEO,ELEANOR 558340 $872.18 02/01/1998 360
600119422 WOZNICKI,REID,MONIQUE 558374 $1,324.61 02/01/1998 360
600119423 FINNEY,MICHAEL 558379 $878.87 2 02/01/1998 360
600119424 LESLIE,CONRADO,PAOLA 558399 $773.80 02/01/1998 360
600119425 GALLI,MELVIN 558406 $578.41 02/01/1998 360
600119426 RESTAD,RONALD,DIANE 558413 $675.06 02/01/1998 360
600119427 BOGGS/BOGGS,DONALD,JOELLE 558415 $922.74 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119411 HUNT,RICHARD $150,000.00 N
600119412 LOPEZ,NICOLAS,MARIA $315,000.00 N
600119413 DULA,PHILLIP,CONSTAN $177,350.00 N
600119414 GARCIA,CARLOS,ANA $183,000.00 N
600119415 EGGERT,WILLIAM,CATHERI $255,000.00 N
600119416 ROGERS,JEFF,KATHLEEN $200,000.00 N
600119417 BOMBERGER,JACQUELINE $265,000.00 N
600119419 CATTANEO,ELEANOR $135,000.00 N
600119422 WOZNICKI,REID,MONIQUE $223,000.00 N
600119423 FINNEY,MICHAEL $120,325.00 N
600119424 LESLIE,CONRADO,PAOLA $155,000.00 N
600119425 GALLI,MELVIN $103,900.00 N
600119426 RESTAD,RONALD,DIANE $115,000.00 N
600119427 BOGGS/BOGGS,DONALD,JOELLE $184,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 72
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119428 ZETTNER,CHARLOTTA 3340 SAN CARLOS DRIVE SPRING VALLEY CA 91978 $129,837.84
600119429 BOSS,DIANE 42100 WALTERS ROAD HEMET AREA CA 92544 $119,854.09
600119430 HURST,EDGAR 3512 OLIVE HILL ROAD FALLBROOK CA 92028 $49,936.02
600119432 NIKOLIC,MILOSAVIC,MARIJ 2141 TAYLOR PLACE ESCONDIDO CA 92027 $121,851.67
600119433 JIMENEZ,GUILLERMO,OFELI 2553 ELLIS STREET NORTH LAS VEGAS NV 89030 $103,882.97
600119436 WRIGHT,JOHN 3217 CORAL DRIVE OCEANSIDE CA 92056 $68,759.38
600119437 DOWELL,ADA 2561 PARADISE VILLAGE WAY LAS VEGAS NV 89120 $49,669.10
600119439 CAROLIN,RALPH,SUSAN 7017 LADRILLO STREET SAN DIEGO CA 92111 $145,618.32
600119440 BARBOZA,BLANCA 33140 CATHEDRAL CANYON DR CATHEDRAL CITY CA 92234 $121,524.42
600119441 FONTANA,WAYNE,JANET 12107 SADDLE ROCK ROAD LAKESIDE CA 92040 $132,719.55
600119442 SANTOS,SIMFROSO,FILIZA 11424 CAMINO RUIZ SAN DIEGO CA 92126 $161,885.66
600119443 MCCLENDON,JENNIFER 5954-189 RANCHO MISSION R SAN DIEGO CA 92108 $33,156.41
600119444 CLANCY/HATFIELD,MICHAEL,C 1483 RAMSEY ROAD ALPINE AREA CA 91901 $147,805.71
600119445 GRIFFIN,LANCE 8233 ANTLER PINES COURT LAS VEGAS NV 89129 $118,793.73
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119428 ZETTNER,CHARLOTTA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119429 BOSS,DIANE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119430 HURST,EDGAR 8.250 .250 8.000 .0400 7.960 12/01/2027
600119432 NIKOLIC,MILOSAVIC,MARIJ 8.500 .250 8.250 .0400 8.210 12/01/2027
600119433 JIMENEZ,GUILLERMO,OFELI 8.875 .250 8.625 .0400 8.585 12/01/2027
600119436 WRIGHT,JOHN 8.625 .250 8.375 .0400 8.335 01/01/2028
600119437 DOWELL,ADA 8.375 .250 8.125 .0400 8.085 01/01/2028
600119439 CAROLIN,RALPH,SUSAN 8.875 .250 8.625 .0400 8.585 01/01/2028
600119440 BARBOZA,BLANCA 8.375 .250 8.125 .0400 8.085 01/01/2028
600119441 FONTANA,WAYNE,JANET 8.500 .250 8.250 .0400 8.210 01/01/2028
600119442 SANTOS,SIMFROSO,FILIZA 7.750 .250 7.500 .0400 7.460 01/01/2028
600119443 MCCLENDON,JENNIFER 8.125 .250 7.875 .0400 7.835 12/01/2027
600119444 CLANCY/HATFIELD,MICHAEL,C 8.125 .250 7.875 .0400 7.835 12/01/2027
600119445 GRIFFIN,LANCE 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119428 ZETTNER,CHARLOTTA 558421 $988.09 02/01/1998 360
600119429 BOSS,DIANE 558435 $922.70 02/01/1998 360
600119430 HURST,EDGAR 558437 $375.63 02/01/1998 360
600119432 NIKOLIC,MILOSAVIC,MARIJ 558439 $938.07 02/01/1998 360
600119433 JIMENEZ,GUILLERMO,OFELI 558449 $827.47 02/01/1998 360
600119436 WRIGHT,JOHN 558518 $535.12 02/01/1998 360
600119437 DOWELL,ADA 558525 $377.76 02/01/1998 360
600119439 CAROLIN,RALPH,SUSAN 558536 $1,159.25 02/01/1998 360
600119440 BARBOZA,BLANCA 558761 $924.25 02/01/1998 360
600119441 FONTANA,WAYNE,JANET 558772 $1,021.12 02/01/1998 360
600119442 SANTOS,SIMFROSO,FILIZA 558799 $1,160.59 2 02/01/1998 360
600119443 MCCLENDON,JENNIFER 558805 $246.51 02/01/1998 360
600119444 CLANCY/HATFIELD,MICHAEL,C 558816 $1,098.90 02/01/1998 360
600119445 GRIFFIN,LANCE 558818 $883.94 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119428 ZETTNER,CHARLOTTA $163,000.00 N
600119429 BOSS,DIANE $150,000.00 N
600119430 HURST,EDGAR $200,000.00 N
600119432 NIKOLIC,MILOSAVIC,MARIJ $152,500.00 N
600119433 JIMENEZ,GUILLERMO,OFELI $130,000.00 N
600119436 WRIGHT,JOHN $86,000.00 N
600119437 DOWELL,ADA $71,000.00 N
600119439 CAROLIN,RALPH,SUSAN $187,000.00 N
600119440 BARBOZA,BLANCA $152,000.00 N
600119441 FONTANA,WAYNE,JANET $166,000.00 N
600119442 SANTOS,SIMFROSO,FILIZA $180,000.00 N
600119443 MCCLENDON,JENNIFER $45,500.00 N
600119444 CLANCY/HATFIELD,MICHAEL,C $185,000.00 N
600119445 GRIFFIN,LANCE $148,850.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 73
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119446 STEPHENS/NOEMER,MALCOLM/E 795 KNOLL PARK LANE FALLBROOK CA 92028 $110,331.38
600119447 BREWER,SHIRLEY 620 WEST SOLANA CIRCLE #3 SOLANA BEACH CA 92075 $138,589.76
600119448 SHIMAMURA,SHINJI,HATSUKO 1773 NORTH HOLBROOK STREE ANAHEIM CA 92807 $171,884.59
600119449 SWAIN,JEFFREY 6151 RANCHO MISSION ROAD SAN DIEGO CA 92108 $59,120.29
600119450 SHAKIN,RITA 48100 ROCK CANYON WAY AQUANGA CA 92536 $68,686.92
600119451 NISKALA,JOUKO,IRMA 12756 CASA AVENIDA POWAY CA 92064 $123,864.03
600119452 PURKEY,ALAN 1220 WILLOW DRIVE NORCO CA 91760 $140,240.47
600119453 BRAILSFORD,JUDITH 606 LACY LANE LAS VEGAS NV 89107 $224,863.69
600119454 SUTHERLAND,JANE 7450 SOUTH EASTERN AVENUE LAS VEGAS NV 89123 $66,668.84
600119455 HENRY,WILLIAM 403 CAMELBACK ROAD PLEASANT HILL CA 94523 $144,710.00
600119457 O'BRIEN,ANNE 9081 BALBOA AVENUE JENNER CA 95450 $194,950.20
600119458 LOVEJOY,SHERWOOD,JEANIN 394 CECILIA WAY TIBURON CA 94920 $215,730.54
600119459 SHAPPEE,PAULA 845 WOODSIDE WAY SAN MATEO CA 94401 $159,795.24
600119461 ARTRESS,LAUREN 309 COLERIDGE STREET, #1 SAN FRANCISCO CA 94110 $172,561.38
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119446 STEPHENS/NOEMER,MALCOLM/E 8.375 .250 8.125 .0400 8.085 01/01/2028
600119447 BREWER,SHIRLEY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119448 SHIMAMURA,SHINJI,HATSUKO 8.000 .250 7.750 .0400 7.710 01/01/2028
600119449 SWAIN,JEFFREY 8.000 .250 7.750 .0400 7.710 12/01/2027
600119450 SHAKIN,RITA 8.375 .250 8.125 .0400 8.085 12/01/2027
600119451 NISKALA,JOUKO,IRMA 9.000 .250 8.750 .0400 8.710 12/01/2027
600119452 PURKEY,ALAN 8.750 .250 8.500 .0400 8.460 12/01/2027
600119453 BRAILSFORD,JUDITH 8.500 .250 8.250 .0400 8.210 01/01/2028
600119454 SUTHERLAND,JANE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119455 HENRY,WILLIAM 8.375 .250 8.125 .0400 8.085 01/01/2028
600119457 O'BRIEN,ANNE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119458 LOVEJOY,SHERWOOD,JEANIN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119459 SHAPPEE,PAULA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119461 ARTRESS,LAUREN 7.875 .250 7.625 .0400 7.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119446 STEPHENS/NOEMER,MALCOLM/E 558831 $839.12 02/01/1998 360
600119447 BREWER,SHIRLEY 558840 $1,091.55 02/01/1998 360
600119448 SHIMAMURA,SHINJI,HATSUKO 558843 $1,262.08 02/01/1998 360
600119449 SWAIN,JEFFREY 558856 $434.39 02/01/1998 360
600119450 SHAKIN,RITA 558867 $522.93 02/01/1998 360
600119451 NISKALA,JOUKO,IRMA 558874 $997.73 02/01/1998 360
600119452 PURKEY,ALAN 558881 $1,108.07 2 02/01/1998 360
600119453 BRAILSFORD,JUDITH 558897 $1,730.06 2 02/01/1998 360
600119454 SUTHERLAND,JANE 558898 $513.25 02/01/1998 360
600119455 HENRY,WILLIAM 558931 $1,100.58 02/01/1998 360
600119457 O'BRIEN,ANNE 558941 $1,466.47 02/01/1998 360
600119458 LOVEJOY,SHERWOOD,JEANIN 559030 $1,641.76 02/01/1998 360
600119459 SHAPPEE,PAULA 559052 $1,202.03 02/01/1998 360
600119461 ARTRESS,LAUREN 559096 $1,252.92 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119446 STEPHENS/NOEMER,MALCOLM/E $138,000.00 N
600119447 BREWER,SHIRLEY $185,000.00 N
600119448 SHIMAMURA,SHINJI,HATSUKO $215,000.00 N
600119449 SWAIN,JEFFREY $74,000.00 N
600119450 SHAKIN,RITA $86,000.00 N
600119451 NISKALA,JOUKO,IRMA $155,000.00 N
600119452 PURKEY,ALAN $156,500.00 N
600119453 BRAILSFORD,JUDITH $250,000.00 N
600119454 SUTHERLAND,JANE $96,560.00 N
600119455 HENRY,WILLIAM $181,000.00 N
600119457 O'BRIEN,ANNE $244,000.00 N
600119458 LOVEJOY,SHERWOOD,JEANIN $295,000.00 N
600119459 SHAPPEE,PAULA $200,000.00 N
600119461 ARTRESS,LAUREN $216,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 74
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119463 MOCK,KIM,RICHARD 7872 TAMARACK DRIVE DUBLIN CA 94568 $177,883.57
600119464 TAN,HERMOSA 1015 RUNNYMEDE STREET EAST PALO ALTO CA 94303 $120,963.71
600119466 TANG,LARRY 1500 APPLE DRIVE CONCORD CA 94518 $119,837.44
600119468 HARRINGTON,DONALD,GAYLE 29 ANDREW DRIVE TIBURON CA 94920 $158,906.12
600119469 CHAVEZ,HUMBERTO 2134 BONAR STREET BERKELEY CA 94702 $189,890.69
600119470 CHAVEZ,HUMBERTO 2225 BYRON STREET BERKELEY CA 94702 $182,902.61
600119471 HECK,MICHELLE 3178 CREEKSIDE DRIVE SAN JOSE CA 95132 $108,933.96
600119472 SANDERSON,ROBERT 1144 SOUTH PINE MOUNTAIN DAVENPORT CA 95017 $157,282.51
600119473 DAVID,JAMES,SHASHIKAL 4267 SEVEN HILLS ROAD CASTRO VALLEY CA 94546 $182,747.29
600119475 TALBOTT,ANTHONY 302 LAUREL STREET SANTA CRUZ CA 95060 $103,139.07
600119476 DORFMAN/HILL,JASON/TIFFAN 1123 NORTH SECOND STREET SAN JOSE CA 95112 $215,066.24
600119477 BELL,DAVID,DEBORAH 216 SAN FELIPE AVENUE SAN BRUNO CA 94066 $179,893.73
600119478 CAMPOS,ARTEMIO,IRMA 414 BERRY ROAD WATSONVILLE CA 95076 $187,854.12
600119479 MCILVENNA,ROBERT,WINNIE 576-578 ARKANSAS STREET SAN FRANCISCO CA 94107 $184,896.29
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119463 MOCK,KIM,RICHARD 8.125 .250 7.875 .0400 7.835 01/01/2028
600119464 TAN,HERMOSA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119466 TANG,LARRY 8.125 .250 7.875 .0400 7.835 12/01/2027
600119468 HARRINGTON,DONALD,GAYLE 8.625 .250 8.375 .0400 8.335 01/01/2028
600119469 CHAVEZ,HUMBERTO 8.750 .250 8.500 .0400 8.460 01/01/2028
600119470 CHAVEZ,HUMBERTO 9.125 .250 8.875 .0400 8.835 01/01/2028
600119471 HECK,MICHELLE 8.500 .250 8.250 .0400 8.210 01/01/2028
600119472 SANDERSON,ROBERT 7.875 .250 7.625 .0400 7.585 12/01/2027
600119473 DAVID,JAMES,SHASHIKAL 7.875 .250 7.625 .0400 7.585 12/01/2027
600119475 TALBOTT,ANTHONY 8.625 .250 8.375 .0400 8.335 01/01/2028
600119476 DORFMAN/HILL,JASON/TIFFAN 8.375 .250 8.125 .0400 8.085 01/01/2028
600119477 BELL,DAVID,DEBORAH 8.625 .250 8.375 .0400 8.335 01/01/2028
600119478 CAMPOS,ARTEMIO,IRMA 8.250 .250 8.000 .0400 7.960 01/01/2028
600119479 MCILVENNA,ROBERT,WINNIE 8.875 .250 8.625 .0400 8.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119463 MOCK,KIM,RICHARD 559114 $1,321.64 02/01/1998 360
600119464 TAN,HERMOSA 559125 $963.53 02/01/1998 360
600119466 TANG,LARRY 559169 $891.00 02/01/1998 360
600119468 HARRINGTON,DONALD,GAYLE 559188 $1,236.69 02/01/1998 360
600119469 CHAVEZ,HUMBERTO 559211 $1,494.73 02/01/1998 360
600119470 CHAVEZ,HUMBERTO 559212 $1,488.95 02/01/1998 360
600119471 HECK,MICHELLE 559224 $838.12 02/01/1998 360
600119472 SANDERSON,ROBERT 559227 $1,141.98 02/01/1998 360
600119473 DAVID,JAMES,SHASHIKAL 559276 $1,326.88 02/01/1998 360
600119475 TALBOTT,ANTHONY 559334 $802.68 02/01/1998 360
600119476 DORFMAN/HILL,JASON/TIFFAN 559380 $1,635.68 02/01/1998 360
600119477 BELL,DAVID,DEBORAH 559417 $1,400.02 02/01/1998 360
600119478 CAMPOS,ARTEMIO,IRMA 559440 $1,412.38 2 02/01/1998 360
600119479 MCILVENNA,ROBERT,WINNIE 559468 $1,471.94 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119463 MOCK,KIM,RICHARD $232,000.00 N
600119464 TAN,HERMOSA $173,000.00 N
600119466 TANG,LARRY $150,000.00 N
600119468 HARRINGTON,DONALD,GAYLE $240,000.00 N
600119469 CHAVEZ,HUMBERTO $240,000.00 N
600119470 CHAVEZ,HUMBERTO $230,000.00 N
600119471 HECK,MICHELLE $150,900.00 N
600119472 SANDERSON,ROBERT $210,000.00 N
600119473 DAVID,JAMES,SHASHIKAL $272,000.00 N
600119475 TALBOTT,ANTHONY $129,000.00 N
600119476 DORFMAN/HILL,JASON/TIFFAN $269,000.00 N
600119477 BELL,DAVID,DEBORAH $225,000.00 N
600119478 CAMPOS,ARTEMIO,IRMA $198,000.00 N
600119479 MCILVENNA,ROBERT,WINNIE $360,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 75
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119483 MCILVENNA,ROBERT,WINNIE 500 HILL HOUSE ROAD BOULDER CREEK CA 95006 $213,873.66
600119484 REED,ROBIN 1012 1/2 EUCLID STREET SANTA MONICA CA 90403 $81,943.57
600119485 WILSON,LELAND,WANDA 459 SAWTOOTH LANE HAMILTON MT 59840 $114,926.67
600119486 MALINOWSKI/MALI,JOAN/ PAT 660 NORTHWEST JUNIPER STR ISSAQUAH WA 98027 $119,877.34
600119487 FANK,KEITH, KIMBERLY 5335 MAVERICK WAY FLORENCE MT 59833 $99,294.31
600119488 DAVENPORT,JOHN, NANCY 3661 ASHWORTH AVENUE NORT SEATTLE WA 98103 $149,911.45
600125033 CASEY,STEPHEN M. 3561-3563 SOUTHEAST CORA PORTLAND OR 97202 $129,921.24
600125038 MCMASTER,SCOTT 2120 WEST PALOS COURT THOUSAND OAKS CA 91320 $163,889.96
600125041 SKATTUM,RICHARD,JANELLE 70 EAST OLYMPIC VIEW STRE BELFAIR WA 98528 $158,886.57
600125043 CONNELLY/NACHMA,LINDA/LOU 60 CUESTA VISTA DRIVE MONTEREY CA 93940 $190,675.20
600125045 FUSS,DAVID 2786 JACKSON STREET SAN FRANCISCO CA 94115 $131,109.71
600125046 FUSS,DAVID 8361 CHAMP DE FEMME FORESTVILLE CA 95436 $159,889.89
600125048 NORTH,JAMES,LYNETT 3623 LATROBE STREET LOS ANGELES CA 90031 $93,940.06
600125049 BOYD,GROVER,OPAL 2648 MADRONE STREET SUTTER CA 95982 $87,945.31
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119483 MCILVENNA,ROBERT,WINNIE 8.625 .250 8.375 .0400 8.335 01/01/2028
600119484 REED,ROBIN 7.875 .250 7.625 .0400 7.585 01/01/2028
600119485 WILSON,LELAND,WANDA 8.250 .250 8.000 .0400 7.960 01/01/2028
600119486 MALINOWSKI/MALI,JOAN/ PAT 8.500 .250 8.250 .0400 8.210 01/01/2028
600119487 FANK,KEITH, KIMBERLY 8.875 .250 8.625 .0400 8.585 01/01/2028
600119488 DAVENPORT,JOHN, NANCY 8.625 .250 8.375 .0400 8.335 01/01/2028
600125033 CASEY,STEPHEN M. 8.500 .250 8.250 .0400 8.210 01/01/2028
600125038 MCMASTER,SCOTT 8.000 .250 7.750 .0400 7.710 01/01/2028
600125041 SKATTUM,RICHARD,JANELLE 8.625 .250 8.375 .0400 8.335 01/01/2028
600125043 CONNELLY/NACHMA,LINDA/LOU 8.125 .250 7.875 .0400 7.835 01/01/2028
600125045 FUSS,DAVID 7.875 .250 7.625 .0400 7.585 01/01/2028
600125046 FUSS,DAVID 7.875 .250 7.625 .0400 7.585 01/01/2028
600125048 NORTH,JAMES,LYNETT 8.250 .250 8.000 .0400 7.960 01/01/2028
600125049 BOYD,GROVER,OPAL 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119483 MCILVENNA,ROBERT,WINNIE 559574 $1,664.47 02/01/1998 360
600119484 REED,ROBIN 560015 $594.56 02/01/1998 360
600119485 WILSON,LELAND,WANDA 560904 $863.96 02/01/1998 360
600119486 MALINOWSKI/MALI,JOAN/ PAT 560911 $922.31 02/01/1998 360
600119487 FANK,KEITH, KIMBERLY 560929 $790.47 02/01/1998 360
600119488 DAVENPORT,JOHN, NANCY 560951 $1,166.68 02/01/1998 360
600125033 CASEY,STEPHEN M. 496194 $999.59 02/01/1998 360
600125038 MCMASTER,SCOTT 496222 $1,203.37 02/01/1998 360
600125041 SKATTUM,RICHARD,JANELLE 496238 $1,241.35 02/01/1998 360
600125043 CONNELLY/NACHMA,LINDA/LOU 496272 $1,416.68 02/01/1998 360
600125045 FUSS,DAVID 496287 $951.29 02/01/1998 360
600125046 FUSS,DAVID 496288 $1,160.11 02/01/1998 360
600125048 NORTH,JAMES,LYNETT 496293 $706.19 02/01/1998 360
600125049 BOYD,GROVER,OPAL 496298 $668.86 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119483 MCILVENNA,ROBERT,WINNIE $380,000.00 N
600119484 REED,ROBIN $182,500.00 N
600119485 WILSON,LELAND,WANDA $165,000.00 N
600119486 MALINOWSKI/MALI,JOAN/ PAT $184,950.00 N
600119487 FANK,KEITH, KIMBERLY $132,500.00 N
600119488 DAVENPORT,JOHN, NANCY $215,000.00 N
600125033 CASEY,STEPHEN M. $285,000.00 N
600125038 MCMASTER,SCOTT $205,000.00 N
600125041 SKATTUM,RICHARD,JANELLE $228,000.00 N
600125043 CONNELLY/NACHMA,LINDA/LOU $304,000.00 N
600125045 FUSS,DAVID $164,000.00 N
600125046 FUSS,DAVID $200,000.00 N
600125048 NORTH,JAMES,LYNETT $117,500.00 N
600125049 BOYD,GROVER,OPAL $110,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 76
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125051 KNIGHT,JERRY,SUSAN 40 SINALOA AVENUE FOREST KNOLLS CA 94933 $179,882.26
600125064 KOETH,JAMES,MARY 123 ARTHUR AVE. STATEN ISLAND NY 10305 $101,640.46
600125066 MACKPRANG,DONALD L 760 NORTHEAST MAJESTY LAN BEND OR 97701 $166,299.20
600125067 DAVIS,STEPHEN,KIM 4450 BLANTON HEIGHTS ROAD EUGENE OR 97405 $198,263.46
600125068 ARRINGTON,JAMES 1168 WEST 5TH AVENUE EUGENE OR 97402 $85,946.55
600125074 TERRY,DANIEL,DIANE 1910 GAITHER AVENUE SELMA CA 93662 $46,375.30
600125085 ADAMS,RONALD,JANIS 3001 COKER BUTTE ROAD MEDFORD OR 97504 $79,946.32
600125086 BROUILLETTE,LAURENCE,MARY 46161 SOUTHEAST WILDCAT M SANDY OR 97055 $187,873.85
600125088 DEMPEWOLF,ROCKY,MARY 5091 GRANGE ROAD ROSEBURG OR 97470 $83,889.01
600125090 MCCLURE,JIM 2230 MILFORD DRIVE MEDFORD OR 97501 $96,834.98
600125092 ROBERTSON/CORNI,WILLIAM/S 910 KING STREET MEDFORD OR 97501 $89,849.54
600125093 ROBERTSON/SOUDE,WILLIAM/H 914 MURRAY AVENUE MEDFORD OR 97501 $61,526.90
600125096 VOREIS,JUDITH 1004 JANES ROAD MEDFORD OR 97501 $124,028.60
600125098 VENUTA,VICTOR 402 SOUTHWEST CUSTER STRE PORTLAND OR 97219 $99,932.91
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125051 KNIGHT,JERRY,SUSAN 8.125 .250 7.875 .0400 7.835 01/01/2028
600125064 KOETH,JAMES,MARY 9.250 .250 9.000 .0400 8.960 11/01/2027
600125066 MACKPRANG,DONALD L 8.500 .250 8.250 .0400 8.210 01/01/2028
600125067 DAVIS,STEPHEN,KIM 7.875 .250 7.625 .0400 7.585 01/01/2028
600125068 ARRINGTON,JAMES 8.375 .250 8.125 .0400 8.085 01/01/2028
600125074 TERRY,DANIEL,DIANE 9.125 .250 8.875 .0400 8.835 01/01/2028
600125085 ADAMS,RONALD,JANIS 8.000 .250 7.750 .0400 7.710 01/01/2028
600125086 BROUILLETTE,LAURENCE,MARY 8.000 .250 7.750 .0400 7.710 01/01/2028
600125088 DEMPEWOLF,ROCKY,MARY 8.000 .250 7.750 .0400 7.710 01/01/2028
600125090 MCCLURE,JIM 8.000 .250 7.750 .0400 7.710 01/01/2028
600125092 ROBERTSON/CORNI,WILLIAM/S 8.875 .250 8.625 .0400 8.585 01/01/2028
600125093 ROBERTSON/SOUDE,WILLIAM/H 8.500 .250 8.250 .0400 8.210 01/01/2028
600125096 VOREIS,JUDITH 8.750 .250 8.500 .0400 8.460 01/01/2028
600125098 VENUTA,VICTOR 8.000 .250 7.750 .0400 7.710 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125051 KNIGHT,JERRY,SUSAN 496324 $1,336.49 02/01/1998 360
600125064 KOETH,JAMES,MARY 513955 $837.48 2 02/01/1998 360
600125066 MACKPRANG,DONALD L 517784 $1,279.47 02/01/1998 360
600125067 DAVIS,STEPHEN,KIM 517785 $1,438.54 02/01/1998 360
600125068 ARRINGTON,JAMES 517802 $653.66 02/01/1998 360
600125074 TERRY,DANIEL,DIANE 519405 $377.53 12 02/01/1998 360
600125085 ADAMS,RONALD,JANIS 522631 $587.01 02/01/1998 360
600125086 BROUILLETTE,LAURENCE,MARY 522647 $1,379.48 02/01/1998 360
600125088 DEMPEWOLF,ROCKY,MARY 522658 $616.36 02/01/1998 360
600125090 MCCLURE,JIM 522666 $711.02 02/01/1998 360
600125092 ROBERTSON/CORNI,WILLIAM/S 522678 $716.08 02/01/1998 360
600125093 ROBERTSON/SOUDE,WILLIAM/H 522679 $476.73 02/01/1998 360
600125096 VOREIS,JUDITH 522694 $976.30 02/01/1998 360
600125098 VENUTA,VICTOR 522699 $733.76 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125051 KNIGHT,JERRY,SUSAN $390,000.00 N
600125064 KOETH,JAMES,MARY $113,300.00 N
600125066 MACKPRANG,DONALD L $208,000.00 N
600125067 DAVIS,STEPHEN,KIM $248,000.00 N
600125068 ARRINGTON,JAMES $130,000.00 N
600125074 TERRY,DANIEL,DIANE $51,600.00 N
600125085 ADAMS,RONALD,JANIS $315,000.00 N
600125086 BROUILLETTE,LAURENCE,MARY $235,000.00 N
600125088 DEMPEWOLF,ROCKY,MARY $105,000.00 N
600125090 MCCLURE,JIM $154,000.00 N
600125092 ROBERTSON/CORNI,WILLIAM/S $135,000.00 N
600125093 ROBERTSON/SOUDE,WILLIAM/H $90,000.00 N
600125096 VOREIS,JUDITH $146,000.00 N
600125098 VENUTA,VICTOR $125,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 77
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125099 WALTERS,DENNY,ANGIE 1679 TARA CIRCLE CENTRAL POINT OR 97502 $101,130.36
600125100 BAUER,MICHAEL R. 28 ASHLAND AVENUE MEDFORD OR 97504 $168,686.74
600125101 CASEY/BOSTWICK,TOM/MATT 919/921 OLYMPIC AVENUE MEDFORD OR 97504 $94,344.27
600125108 ENDICOTT/FALLON,KENNETH/M 8774 ROGUE RIVER HIGHWAY GRANTS PASS OR 97527 $93,689.07
600125109 SETER,LANCE,BONITA 525 WEST WARREN COURT ROSEBURG OR 97470 $50,964.00
600125110 VELOUDOS,MARKELLA 2425 WOLF LANE GRANTS PASS OR 97527 $87,341.36
600125113 FLINN,LARRY,CAROL 740 AND 742 CATHERINE STR MEDFORD OR 97501 $79,154.43
600125114 LELIEFELD,TIMOTHY, JULIE 2510 WEST BLUE QUAIL COUR DEAR PARK WA 99006 $106,959.99
600125115 GOODAN,HAROLD,PATRICIA 106 EAST STATE STREET SAINT JOHN WA 99171 $54,805.69
600125122 SCHWARTZ,GARY H. 351 2ND AVENUE SOUTH KETCHUM ID 83340 $163,905.64
600125123 ESPINOZA,RAMONA 15160 SOUTHWEST DAPHNE CO BEAVERTON OR 97007 $99,897.92
600125126 ESPINOSA,SOCORRO 2756-2758 FOLSOM STREET LOS ANGELES CA 90033 $116,040.05
600125127 STILL,PAYETTE S. 24505 80TH AVENUE EAST GRAHAM WA 98338 $81,919.03
600125130 NEWTON,SYLVESTER,CLARE 1211 SOUTHWEST 132ND LANE BURIEN WA 98146 $80,544.53
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125099 WALTERS,DENNY,ANGIE 7.875 .250 7.625 .0400 7.585 01/01/2028
600125100 BAUER,MICHAEL R. 8.000 .250 7.750 .0400 7.710 01/01/2028
600125101 CASEY/BOSTWICK,TOM/MATT 8.625 .250 8.375 .0400 8.335 01/01/2028
600125108 ENDICOTT/FALLON,KENNETH/M 8.875 .250 8.625 .0400 8.585 01/01/2028
600125109 SETER,LANCE,BONITA 7.750 .250 7.500 .0400 7.460 01/01/2028
600125110 VELOUDOS,MARKELLA 8.000 .250 7.750 .0400 7.710 01/01/2028
600125113 FLINN,LARRY,CAROL 8.750 .250 8.500 .0400 8.460 01/01/2028
600125114 LELIEFELD,TIMOTHY, JULIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600125115 GOODAN,HAROLD,PATRICIA 7.875 .250 7.625 .0400 7.585 12/01/2027
600125122 SCHWARTZ,GARY H. 8.750 .250 8.500 .0400 8.460 01/01/2028
600125123 ESPINOZA,RAMONA 8.375 .250 8.125 .0400 8.085 01/01/2028
600125126 ESPINOSA,SOCORRO 7.250 .250 7.000 .0400 6.960 09/01/2027
600125127 STILL,PAYETTE S. 8.375 .250 8.125 .0400 8.085 01/01/2028
600125130 NEWTON,SYLVESTER,CLARE 7.875 .250 7.625 .0400 7.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125099 WALTERS,DENNY,ANGIE 522702 $733.77 02/01/1998 360
600125100 BAUER,MICHAEL R. 522703 $1,238.59 02/01/1998 360
600125101 CASEY/BOSTWICK,TOM/MATT 522707 $734.23 02/01/1998 360
600125108 ENDICOTT/FALLON,KENNETH/M 522726 $745.92 02/01/1998 360
600125109 SETER,LANCE,BONITA 522731 $365.37 02/01/1998 360
600125110 VELOUDOS,MARKELLA 522734 $641.31 02/01/1998 360
600125113 FLINN,LARRY,CAROL 522743 $623.07 12 02/01/1998 360
600125114 LELIEFELD,TIMOTHY, JULIE 523566 $814.04 2 02/01/1998 360
600125115 GOODAN,HAROLD,PATRICIA 523884 $398.79 02/01/1998 360
600125122 SCHWARTZ,GARY H. 526773 $1,290.19 02/01/1998 360
600125123 ESPINOZA,RAMONA 526835 $760.07 02/01/1998 360
600125126 ESPINOSA,SOCORRO 527327 $794.74 02/01/1998 360
600125127 STILL,PAYETTE S. 528492 $623.26 02/01/1998 360
600125130 NEWTON,SYLVESTER,CLARE 528701 $584.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125099 WALTERS,DENNY,ANGIE $126,500.00 N
600125100 BAUER,MICHAEL R. $211,000.00 N
600125101 CASEY/BOSTWICK,TOM/MATT $120,000.00 N
600125108 ENDICOTT/FALLON,KENNETH/M $125,000.00 N
600125109 SETER,LANCE,BONITA $94,000.00 N
600125110 VELOUDOS,MARKELLA $162,000.00 N
600125113 FLINN,LARRY,CAROL $88,000.00 N
600125114 LELIEFELD,TIMOTHY, JULIE $115,000.00 N
600125115 GOODAN,HAROLD,PATRICIA $92,000.00 N
600125122 SCHWARTZ,GARY H. $205,000.00 N
600125123 ESPINOZA,RAMONA $125,000.00 N
600125126 ESPINOSA,SOCORRO $215,000.00 N
600125127 STILL,PAYETTE S. $162,500.00 N
600125130 NEWTON,SYLVESTER,CLARE $107,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 78
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125134 LEE,HEEK WOOK 12519 SOUTHEAST 72ND STRE NEWCASTLE WA 98056 $174,882.58
600125139 CROZIER,RONALD,KAREN 484 EAST 200 SOUTH JEROME ID 83338 $191,871.17
600125148 SHIZURU,MICHAEL 4689 ASHINGTON STREET LAS VEGAS NV 89117 $145,414.10
600125162 BARNETT,DARLYNN 281 SOUTH 900 WEST PAYSON UT 84651 $99,936.23
600125165 SAUZA,GENEVIEVE 1027 HOLLY AVENUE IMPERIAL BEACH CA 91932 $191,974.34
600125168 PEREZ,MANUEL,ESPERANZ 500 CREEKSIDE LANE MORGAN HILL CA 95037 $156,702.54
600125169 ROBINSON,ROBERT,DIANNE 3814 POLARIS DRIVE LA MESA AREA CA 91941 $164,255.45
600125175 FAKE,MICHAEL,MARY 124 PAUL WITTKE DRIVE HEALDSBURG CA 95448 $190,543.11
600125177 EWAIS,JERIEES,LULIA 12585 ASH HARBOR DRIVE JACKSONVILLE FL 32224 $85,441.16
600125181 BUTTON,SHERYL 1517 KIRBY DRIVE LAS VEGAS NV 89117 $143,905.80
600125182 PETERSON,REED 511 DELAWARE STREET HUNTINGTON BEAC CA 92648 $209,126.45
600125197 BLAKEMAN,BRUCE, BARBARA 14118 57TH AVENUE NORTHWE GIG HARBOR WA 98332 $71,856.44
600125198 SCHAFFER,JOHN, JANA 1806 MCCLELLAN STREET RICHLAND WA 99352 $26,085.74
600125207 BERGHOLTZ,MELISSA R. 213 SOUTH DRIVE FAIRHOPE AL 36532 $217,454.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125134 LEE,HEEK WOOK 8.000 .250 7.750 .0400 7.710 01/01/2028
600125139 CROZIER,RONALD,KAREN 8.000 .250 7.750 .0400 7.710 01/01/2028
600125148 SHIZURU,MICHAEL 8.625 .250 8.375 .0400 8.335 01/01/2028
600125162 BARNETT,DARLYNN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125165 SAUZA,GENEVIEVE 8.125 .250 7.875 .0400 7.835 01/01/2028
600125168 PEREZ,MANUEL,ESPERANZ 8.375 .250 8.125 .0400 8.085 01/01/2028
600125169 ROBINSON,ROBERT,DIANNE 8.750 .250 8.500 .0400 8.460 01/01/2028
600125175 FAKE,MICHAEL,MARY 8.000 .250 7.750 .0400 7.710 12/01/2027
600125177 EWAIS,JERIEES,LULIA 7.875 .250 7.625 .0400 7.585 01/01/2028
600125181 BUTTON,SHERYL 8.125 .250 7.875 .0400 7.835 01/01/2028
600125182 PETERSON,REED 8.625 .250 8.375 .0400 8.335 01/01/2028
600125197 BLAKEMAN,BRUCE, BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125198 SCHAFFER,JOHN, JANA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125207 BERGHOLTZ,MELISSA R. 8.000 .250 7.750 .0400 7.710 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125134 LEE,HEEK WOOK 528897 $1,284.09 02/01/1998 360
600125139 CROZIER,RONALD,KAREN 530379 $1,408.83 02/01/1998 360
600125148 SHIZURU,MICHAEL 530557 $1,131.68 2 02/01/1998 360
600125162 BARNETT,DARLYNN 530723 $751.27 02/01/1998 360
600125165 SAUZA,GENEVIEVE 530766 $1,426.34 02/01/1998 360
600125168 PEREZ,MANUEL,ESPERANZ 530803 $1,191.79 02/01/1998 360
600125169 ROBINSON,ROBERT,DIANNE 530832 $1,292.94 2 02/01/1998 360
600125175 FAKE,MICHAEL,MARY 532149 $1,400.02 02/01/1998 360
600125177 EWAIS,JERIEES,LULIA 532560 $619.93 02/01/1998 360
600125181 BUTTON,SHERYL 533874 $1,069.20 02/01/1998 360
600125182 PETERSON,REED 534672 $1,627.53 02/01/1998 360
600125197 BLAKEMAN,BRUCE, BARBARA 535772 $552.85 02/01/1998 360
600125198 SCHAFFER,JOHN, JANA 535785 $210.01 2 02/01/1998 360
600125207 BERGHOLTZ,MELISSA R. 536701 $1,596.67 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125134 LEE,HEEK WOOK $240,000.00 N
600125139 CROZIER,RONALD,KAREN $240,000.00 N
600125148 SHIZURU,MICHAEL $153,259.00 N
600125162 BARNETT,DARLYNN $150,000.00 N
600125165 SAUZA,GENEVIEVE $245,000.00 N
600125168 PEREZ,MANUEL,ESPERANZ $196,000.00 N
600125169 ROBINSON,ROBERT,DIANNE $173,000.00 N
600125175 FAKE,MICHAEL,MARY $238,508.00 N
600125177 EWAIS,JERIEES,LULIA $106,900.00 N
600125181 BUTTON,SHERYL $180,000.00 N
600125182 PETERSON,REED $279,000.00 N
600125197 BLAKEMAN,BRUCE, BARBARA $121,900.00 N
600125198 SCHAFFER,JOHN, JANA $29,000.00 N
600125207 BERGHOLTZ,MELISSA R. $272,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 79
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125233 CHURCH,BEVERLY 14002 NORTH 49TH AVENUE # GLENDALE AZ 85306 $51,619.50
600125250 GALLEGOS,MARIA 21751 WEST WILSON AVENUE WITTMAN AZ 85361 $56,968.87
600125254 LEIGH,TAMI 2219 WEST VERDE LANE PHOENIX AZ 85015 $60,936.11
600125255 EDWARDS,DONA 1480 EAST BOTTLEBRUSH DRI CHINO VALLEY AZ 86323 $36,976.41
600125258 YOUNG,DEREK 1908 NORTH MESA DRIVE FLAGSTAFF AZ 86001 $146,309.00
600125259 DARLING/FEATHER,MICHAEL/P 7101 WEST BEARDSLEY ROAD GLENDALE AZ 85308 $78,729.66
600125271 DRIGGS,RAUL,ROSA 427 S W 5TH AVENUE MIAMI FL 33130 $68,764.33
600125295 VOLINI,LAUREN 50 LYLE COURT STATEN ISLAND NY 10306 $149,077.63
600125297 LE PAGE,ANITA 228 MC NEAR CIRCLE PETALUMA CA 94952 $160,297.72
600125304 MCGHEE,EVERETT 122 & 122 1/2 MONETA AVEN BAKERSFIELD CA 93308 $48,972.53
600125306 ALI,WALID,SABA 4512 MAGNOLIA STREET SALIDA CA 95368 $39,427.86
600125309 GULDEN,TRENTON 11385 PEORIA ROAD BROWNS VALLEY CA 95918 $133,916.71
600125310 CONTRERAS,MAXIMILIAN,ANDR 1101 TIJERAS AVENUE N.W. ALBUQUERQUE NM 87102 $165,885.76
600125311 HEIDEPRIEM,JEANIE,MARK 204 WINDWARD AVENUE PISMO BEACH CA 93449 $136,396.14
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125233 CHURCH,BEVERLY 8.625 .250 8.375 .0400 8.335 01/01/2028
600125250 GALLEGOS,MARIA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125254 LEIGH,TAMI 8.250 .250 8.000 .0400 7.960 01/01/2028
600125255 EDWARDS,DONA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125258 YOUNG,DEREK 8.375 .250 8.125 .0400 8.085 01/01/2028
600125259 DARLING/FEATHER,MICHAEL/P 8.750 .250 8.500 .0400 8.460 01/01/2028
600125271 DRIGGS,RAUL,ROSA 9.250 .250 9.000 .0400 8.960 01/01/2028
600125295 VOLINI,LAUREN 8.750 .250 8.500 .0400 8.460 12/01/2027
600125297 LE PAGE,ANITA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125304 MCGHEE,EVERETT 8.875 .250 8.625 .0400 8.585 01/01/2028
600125306 ALI,WALID,SABA 8.875 .250 8.625 .0400 8.585 01/01/2028
600125309 GULDEN,TRENTON 8.375 .250 8.125 .0400 8.085 01/01/2028
600125310 CONTRERAS,MAXIMILIAN,ANDR 7.875 .250 7.625 .0400 7.585 01/01/2028
600125311 HEIDEPRIEM,JEANIE,MARK 7.375 .250 7.125 .0400 7.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125233 CHURCH,BEVERLY 537592 $401.73 02/01/1998 360
600125250 GALLEGOS,MARIA 537686 $458.63 2 02/01/1998 360
600125254 LEIGH,TAMI 537701 $458.27 02/01/1998 360
600125255 EDWARDS,DONA 537703 $277.97 02/01/1998 360
600125258 YOUNG,DEREK 537710 $1,112.75 02/01/1998 360
600125259 DARLING/FEATHER,MICHAEL/P 537715 $619.92 02/01/1998 360
600125271 DRIGGS,RAUL,ROSA 538545 $566.00 02/01/1998 360
600125295 VOLINI,LAUREN 538887 $1,174.15 02/01/1998 360
600125297 LE PAGE,ANITA 539076 $1,205.03 02/01/1998 360
600125304 MCGHEE,EVERETT 540011 $389.87 02/01/1998 360
600125306 ALI,WALID,SABA 540340 $314.28 02/01/1998 360
600125309 GULDEN,TRENTON 540809 $1,018.50 02/01/1998 360
600125310 CONTRERAS,MAXIMILIAN,ANDR 540826 $1,203.62 02/01/1998 360
600125311 HEIDEPRIEM,JEANIE,MARK 540829 $942.77 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125233 CHURCH,BEVERLY $64,900.00 N
600125250 GALLEGOS,MARIA $60,000.00 N
600125254 LEIGH,TAMI $86,000.00 N
600125255 EDWARDS,DONA $60,000.00 N
600125258 YOUNG,DEREK $183,000.00 N
600125259 DARLING/FEATHER,MICHAEL/P $98,500.00 N
600125271 DRIGGS,RAUL,ROSA $86,000.00 N
600125295 VOLINI,LAUREN $199,000.00 N
600125297 LE PAGE,ANITA $213,900.75 N
600125304 MCGHEE,EVERETT $70,000.00 N
600125306 ALI,WALID,SABA $54,500.00 N
600125309 GULDEN,TRENTON $200,000.00 N
600125310 CONTRERAS,MAXIMILIAN,ANDR $375,000.00 N
600125311 HEIDEPRIEM,JEANIE,MARK $195,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 80
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125312 NGUYEN,DON,VAN 1204 STONEBROOK DRIVE LOMPOC CA 93436 $127,922.46
600125314 LA RUE,SHEILA 4712 HOWE LANE AUBURN CA 95602 $122,619.74
600125315 CHALPIN,SUSAN 14788 CITADEL WAY GRASS VALLEY CA 95945 $175,887.77
600125317 THOMPSON,JOSEPH,DIANA 4364 WEST PALO ALTO AVENU FRESNO CA 93722 $74,356.07
600125318 PARRA,ANSELMO,VIRGINI 1441 HOLM AVENUE MODESTO CA 95351 $68,206.48
600125320 BUCHOLZ,RUTH 1765 BECKY COURT RENO NV 89503 $78,452.44
600125322 RIJKE,ANTHONY,RUTH 42325 LAKESHORE BOULEVARD AGUANGA CA 92536 $134,840.01
600125323 GALLARDO,MEDEL,ARLENE 11610 ASPEN VIEW DRIVE SAN DIEGO CA 92128 $194,219.60
600125332 GRAYBILL,MARGARET 0017 HARMONY WAY SILT CO 81652 $116,927.28
600125361 NUNLEY,W. KELLY,GRETCH 212 SOUTH 200 WEST WALES UT 84667 $74,950.94
600125367 REID,DONALD 781 EAST 300 SOUTH PROVO UT 84606 $129,829.34
600125368 REID,DONALD 783 EAST 300 SOUTH PROVO UT 84606 $129,829.34
600125369 REID,DONALD 785 EAST 300 SOUTH PROVO UT 84606 $129,829.34
600125370 REID,DONALD 787 EAST 300 SOUTH PROVO UT 84606 $129,829.34
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125312 NGUYEN,DON,VAN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125314 LA RUE,SHEILA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125315 CHALPIN,SUSAN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125317 THOMPSON,JOSEPH,DIANA 8.625 .250 8.375 .0400 8.335 01/01/2028
600125318 PARRA,ANSELMO,VIRGINI 8.250 .250 8.000 .0400 7.960 01/01/2028
600125320 BUCHOLZ,RUTH 8.500 .250 8.250 .0400 8.210 01/01/2028
600125322 RIJKE,ANTHONY,RUTH 8.625 .250 8.375 .0400 8.335 12/01/2027
600125323 GALLARDO,MEDEL,ARLENE 8.000 .250 7.750 .0400 7.710 01/01/2028
600125332 GRAYBILL,MARGARET 8.375 .250 8.125 .0400 8.085 01/01/2028
600125361 NUNLEY,W. KELLY,GRETCH 8.125 .250 7.875 .0400 7.835 01/01/2028
600125367 REID,DONALD 8.125 .250 7.875 .0400 7.835 12/01/2027
600125368 REID,DONALD 8.125 .250 7.875 .0400 7.835 12/01/2027
600125369 REID,DONALD 8.125 .250 7.875 .0400 7.835 12/01/2027
600125370 REID,DONALD 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125312 NGUYEN,DON,VAN 540835 $984.21 02/01/1998 360
600125314 LA RUE,SHEILA 540870 $911.04 02/01/1998 360
600125315 CHALPIN,SUSAN 540882 $1,322.23 02/01/1998 360
600125317 THOMPSON,JOSEPH,DIANA 540888 $578.68 02/01/1998 360
600125318 PARRA,ANSELMO,VIRGINI 540894 $512.74 02/01/1998 360
600125320 BUCHOLZ,RUTH 540898 $603.60 02/01/1998 360
600125322 RIJKE,ANTHONY,RUTH 541176 $1,050.02 02/01/1998 360
600125323 GALLARDO,MEDEL,ARLENE 541244 $1,426.07 02/01/1998 360
600125332 GRAYBILL,MARGARET 543215 $889.28 02/01/1998 360
600125361 NUNLEY,W. KELLY,GRETCH 543433 $556.87 02/01/1998 360
600125367 REID,DONALD 543474 $965.25 02/01/1998 360
600125368 REID,DONALD 543475 $965.25 02/01/1998 360
600125369 REID,DONALD 543476 $965.25 02/01/1998 360
600125370 REID,DONALD 543477 $965.25 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125312 NGUYEN,DON,VAN $160,000.00 N
600125314 LA RUE,SHEILA $270,000.00 N
600125315 CHALPIN,SUSAN $220,000.00 N
600125317 THOMPSON,JOSEPH,DIANA $93,000.00 N
600125318 PARRA,ANSELMO,VIRGINI $91,000.00 N
600125320 BUCHOLZ,RUTH $132,000.00 N
600125322 RIJKE,ANTHONY,RUTH $180,000.00 N
600125323 GALLARDO,MEDEL,ARLENE $242,980.00 N
600125332 GRAYBILL,MARGARET $173,000.00 N
600125361 NUNLEY,W. KELLY,GRETCH $135,000.00 N
600125367 REID,DONALD $225,000.00 N
600125368 REID,DONALD $226,000.00 N
600125369 REID,DONALD $225,000.00 N
600125370 REID,DONALD $225,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 81
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125383 TOLLY,BRETT,SUSAN 0885 COUNTY ROAD 127 GLENWOOD SPRING CO 81601 $159,897.97
600125384 SMITH,PIERRE,KARYN 164 COUNTRY CLUB STANSBURY PARK UT 84074 $119,431.24
600125397 CAMP,BRAD,LISA 8134 SOUTH GRAMBLING WAY SANDY UT 84094 $204,625.96
600125400 BROOKS,TERESA 162-164 HARRISON BOULEVAR OGDEN UT 84404 $95,947.56
600125402 ROACH,MARTIN,GAIL 1965 WEST 4100 SOUTH TAYLORSVILLE UT 84119 $59,966.36
600125406 GREENALL,EDWARD,HEATHER 11945 SOUTH CEDAR RIDGE C SANDY UT 84094 $93,941.57
600125413 WARD,RYAN 447 EAST 1560 NORTH PLEASANT GROVE UT 84062 $114,328.90
600125417 FINLAYSON,STEVE,JERALDINE 724 WEST 1720 NORTH PROVO UT 84604 $89,148.68
600125418 THOMPSON,NINA L. 473 SOUTH 575 EAST SANTAQUIN UT 84655 $49,968.92
600125421 SCHMEISER,DAVID 5539 SOUTH CHINA CLAY DRI SALT LAKE CITY UT 84118 $69,951.83
600125422 LLOYD,MARK,WENDY 1483 WEST 8230 SOUTH WEST JORDAN UT 84088 $147,555.84
600125424 JEPPSEN,PETER,CAROLYN 225 NORTH 10O WEST SPANISH FORK UT 84660 $99,940.96
600125426 BOGUS,MICHAEL,WENDI 2250 WEST 3RD AVENUE DURANGO CO 81301 $175,893.38
600125427 OLSEN,JAMIE 2492 WEST OQUIRRH VIEW DR RIVERTON UT 84065 $117,526.91
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125383 TOLLY,BRETT,SUSAN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125384 SMITH,PIERRE,KARYN 8.750 .250 8.500 .0400 8.460 01/01/2028
600125397 CAMP,BRAD,LISA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125400 BROOKS,TERESA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125402 ROACH,MARTIN,GAIL 8.875 .250 8.625 .0400 8.585 01/01/2028
600125406 GREENALL,EDWARD,HEATHER 8.375 .250 8.125 .0400 8.085 01/01/2028
600125413 WARD,RYAN 8.375 .250 8.125 .0400 8.085 01/01/2028
600125417 FINLAYSON,STEVE,JERALDINE 8.750 .250 8.500 .0400 8.460 01/01/2028
600125418 THOMPSON,NINA L. 8.375 .250 8.125 .0400 8.085 01/01/2028
600125421 SCHMEISER,DAVID 7.875 .250 7.625 .0400 7.585 01/01/2028
600125422 LLOYD,MARK,WENDY 8.250 .250 8.000 .0400 7.960 01/01/2028
600125424 JEPPSEN,PETER,CAROLYN 8.625 .250 8.375 .0400 8.335 01/01/2028
600125426 BOGUS,MICHAEL,WENDI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125427 OLSEN,JAMIE 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125383 TOLLY,BRETT,SUSAN 543604 $1,202.03 02/01/1998 360
600125384 SMITH,PIERRE,KARYN 543606 $940.11 02/01/1998 360
600125397 CAMP,BRAD,LISA 543669 $1,574.35 02/01/1998 360
600125400 BROOKS,TERESA 543684 $772.44 02/01/1998 360
600125402 ROACH,MARTIN,GAIL 543698 $477.39 02/01/1998 360
600125406 GREENALL,EDWARD,HEATHER 543719 $714.47 02/01/1998 360
600125413 WARD,RYAN 543761 $869.52 02/01/1998 360
600125417 FINLAYSON,STEVE,JERALDINE 543797 $701.74 02/01/1998 360
600125418 THOMPSON,NINA L. 543804 $380.04 02/01/1998 360
600125421 SCHMEISER,DAVID 543814 $507.55 02/01/1998 360
600125422 LLOYD,MARK,WENDY 543818 $1,109.25 02/01/1998 360
600125424 JEPPSEN,PETER,CAROLYN 543821 $777.79 02/01/1998 360
600125426 BOGUS,MICHAEL,WENDI 543826 $1,353.29 02/01/1998 360
600125427 OLSEN,JAMIE 543836 $893.84 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125383 TOLLY,BRETT,SUSAN $260,000.00 N
600125384 SMITH,PIERRE,KARYN $150,000.00 N
600125397 CAMP,BRAD,LISA $273,000.00 N
600125400 BROOKS,TERESA $120,000.00 N
600125402 ROACH,MARTIN,GAIL $100,000.00 N
600125406 GREENALL,EDWARD,HEATHER $135,000.00 N
600125413 WARD,RYAN $143,000.00 N
600125417 FINLAYSON,STEVE,JERALDINE $111,500.00 N
600125418 THOMPSON,NINA L. $120,450.00 N
600125421 SCHMEISER,DAVID $111,000.00 N
600125422 LLOYD,MARK,WENDY $184,595.00 N
600125424 JEPPSEN,PETER,CAROLYN $182,000.00 N
600125426 BOGUS,MICHAEL,WENDI $220,000.00 N
600125427 OLSEN,JAMIE $147,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 82
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125440 HAHN,ROGER/CINDY 128 NORTHWEST 58TH STREET NEWPORT OR 97365 $74,950.94
600125446 DAVIDSON,DAVID J.,VICKI 27404 ERICKSON ROAD EUGENE OR 97402 $167,892.87
600125447 SALMON,EDITH J 1708 SOUTH SANDOZ ROAD NEWBERG OR 97132 $164,891.56
600125448 ARNSBERG,ROBERT LARRY 13006 SOUTH FREEMAN ROAD MULINO OR 97042 $220,362.95
600125454 WILLIAMS,ROBERT L.,TONI 582 SOUTH ELK CREEK ROAD DRAIN OR 97435 $109,933.37
600125457 ENRIGHT,BRENDAN 139-141 WARREN STREET OREGON CITY OR 97045 $99,943.94
600125459 HUTCHISON,SCOTT,BARBARA 1442 NORTHEAST SEWARD AVE BEND OR 97701 $155,905.49
600125461 KIEST,LAURIE A. 6900 ROWAN ROAD NESKOWIN OR 97149 $203,863.12
600125464 DICKEY,MELODEE 16905 SOUTHEAST PINE STRE PORTLAND OR 97233 $91,941.33
600125465 CILUAGA SR.,JOHN M.,LABER 4530 NORTH MAPLE GROVE RO BOISE ID 83704 $68,954.87
600125471 ANNUS,KATHRYN C. 2733 SOUTHEAST KELLY STRE PORTLAND OR 97202 $99,936.23
600125472 TAMANG,JULIA KING,KIRP 4860 NORTHWEST 186TH AVEN PORTLAND OR 97229 $143,912.76
600125473 MALOY,ROBERT S. 8336 SOUTHWEST 52ND AVENU PORTLAND OR 97219 $130,197.19
600125474 PANCOAST,JERI L. 4742 2ND AVENUE SOUTHEAST SALEM OR 97302 $69,957.59
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125440 HAHN,ROGER/CINDY 8.125 .250 7.875 .0400 7.835 01/01/2028
600125446 DAVIDSON,DAVID J.,VICKI 8.250 .250 8.000 .0400 7.960 01/01/2028
600125447 SALMON,EDITH J 8.375 .250 8.125 .0400 8.085 01/01/2028
600125448 ARNSBERG,ROBERT LARRY 8.375 .250 8.125 .0400 8.085 01/01/2028
600125454 WILLIAMS,ROBERT L.,TONI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125457 ENRIGHT,BRENDAN 8.875 .250 8.625 .0400 8.585 01/01/2028
600125459 HUTCHISON,SCOTT,BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125461 KIEST,LAURIE A. 8.000 .250 7.750 .0400 7.710 01/01/2028
600125464 DICKEY,MELODEE 8.250 .250 8.000 .0400 7.960 01/01/2028
600125465 CILUAGA SR.,JOHN M.,LABER 8.125 .250 7.875 .0400 7.835 01/01/2028
600125471 ANNUS,KATHRYN C. 8.250 .250 8.000 .0400 7.960 01/01/2028
600125472 TAMANG,JULIA KING,KIRP 8.500 .250 8.250 .0400 8.210 01/01/2028
600125473 MALOY,ROBERT S. 8.250 .250 8.000 .0400 7.960 01/01/2028
600125474 PANCOAST,JERI L. 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125440 HAHN,ROGER/CINDY 544032 $556.87 02/01/1998 360
600125446 DAVIDSON,DAVID J.,VICKI 544257 $1,262.13 02/01/1998 360
600125447 SALMON,EDITH J 544273 $1,254.12 02/01/1998 360
600125448 ARNSBERG,ROBERT LARRY 544298 $1,675.96 2 02/01/1998 360
600125454 WILLIAMS,ROBERT L.,TONI 544327 $845.80 02/01/1998 360
600125457 ENRIGHT,BRENDAN 544374 $795.64 02/01/1998 360
600125459 HUTCHISON,SCOTT,BARBARA 544376 $1,199.51 02/01/1998 360
600125461 KIEST,LAURIE A. 544395 $1,496.88 02/01/1998 360
600125464 DICKEY,MELODEE 544447 $691.17 02/01/1998 360
600125465 CILUAGA SR.,JOHN M.,LABER 544451 $512.32 02/01/1998 360
600125471 ANNUS,KATHRYN C. 544478 $751.27 02/01/1998 360
600125472 TAMANG,JULIA KING,KIRP 544484 $1,107.24 02/01/1998 360
600125473 MALOY,ROBERT S. 544506 $980.40 02/01/1998 360
600125474 PANCOAST,JERI L. 544508 $538.24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125440 HAHN,ROGER/CINDY $116,500.00 N
600125446 DAVIDSON,DAVID J.,VICKI $210,000.00 N
600125447 SALMON,EDITH J $249,800.00 N
600125448 ARNSBERG,ROBERT LARRY $245,000.00 N
600125454 WILLIAMS,ROBERT L.,TONI $150,000.00 N
600125457 ENRIGHT,BRENDAN $125,000.00 N
600125459 HUTCHISON,SCOTT,BARBARA $195,000.00 N
600125461 KIEST,LAURIE A. $255,000.00 N
600125464 DICKEY,MELODEE $115,000.00 N
600125465 CILUAGA SR.,JOHN M.,LABER $93,000.00 N
600125471 ANNUS,KATHRYN C. $125,000.00 N
600125472 TAMANG,JULIA KING,KIRP $180,000.00 N
600125473 MALOY,ROBERT S. $174,000.00 N
600125474 PANCOAST,JERI L. $100,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 83
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125481 THORESON,CHRIS/SHARON 5135 GREENSBOROUGH COURT LAKE OSWEGO OR 97035 $199,862.36
600125482 MILLER,ROBERT S. 10126 NORTH ANDREW STREET SPOKANE WA 99218 $51,069.83
600125483 MUNN,KEITH, ANITA 1114 NORTHEAST STAFFORD S PORTLAND OR 97211 $78,703.51
600125484 DENNISON,MICHAEL 9390-9392 SOUTHWEST TANGE TIGARD OR 97223 $135,921.76
600125487 BARRON,ENRIQUE 11900/02 SOUTHEAST 5TH ST VANCOUVER WA 98683 $125,834.73
600125490 PAGENKOPF,LINDA J. 6135 NORTHEAST BRYANT STR PORTLAND OR 97218 $85,544.00
600125493 HOBBS,JANET P. 12690 WILD ROSE LANE NAMPA ID 83686 $84,934.38
600125495 WOODCOOK,BART B 12911 288TH AVENUE COURT BUCKLEY WA 98321 $124,916.12
600125497 HESS,ALVIN/ELEANOR 1620 SOUTHEAST 48TH AVENU PORTLAND OR 97215 $132,601.52
600125498 FIELDING,JAMES DARRELL 53827 PINE GROVE ROAD LAPINE OR 97739 $119,919.48
600125501 NOFIELD,RICHARD, KELLY 332 SUNSET BOULEVARD CANNON BEACH OR 97110 $122,323.92
600125503 GRANT,LINDA L 93 SCRIVER BLUFF ROAD GARDEN VALLEY ID 83622 $186,381.08
600125505 VAN DEVENDER,KENNETH,CHER 3791 ONYX ST & 1315 EAST EUGENE OR 97405 $124,924.28
600125508 HARTSELL,GARRY 3004 EAST 13TH STREET VANCOUVER WA 98661 $24,984.46
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125481 THORESON,CHRIS/SHARON 7.875 .250 7.625 .0400 7.585 01/01/2028
600125482 MILLER,ROBERT S. 8.625 .250 8.375 .0400 8.335 01/01/2028
600125483 MUNN,KEITH, ANITA 8.625 .250 8.375 .0400 8.335 01/01/2028
600125484 DENNISON,MICHAEL 8.750 .250 8.500 .0400 8.460 01/01/2028
600125487 BARRON,ENRIQUE 9.250 .250 9.000 .0400 8.960 01/01/2028
600125490 PAGENKOPF,LINDA J. 8.125 .250 7.875 .0400 7.835 01/01/2028
600125493 HOBBS,JANET P. 8.250 .250 8.000 .0400 7.960 01/01/2028
600125495 WOODCOOK,BART B 8.000 .250 7.750 .0400 7.710 01/01/2028
600125497 HESS,ALVIN/ELEANOR 7.500 .250 7.250 .0400 7.210 01/01/2028
600125498 FIELDING,JAMES DARRELL 8.000 .250 7.750 .0400 7.710 01/01/2028
600125501 NOFIELD,RICHARD, KELLY 8.375 .250 8.125 .0400 8.085 01/01/2028
600125503 GRANT,LINDA L 8.250 .250 8.000 .0400 7.960 01/01/2028
600125505 VAN DEVENDER,KENNETH,CHER 8.500 .250 8.250 .0400 8.210 01/01/2028
600125508 HARTSELL,GARRY 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125481 THORESON,CHRIS/SHARON 544560 $1,450.14 02/01/1998 360
600125482 MILLER,ROBERT S. 544561 $397.45 02/01/1998 360
600125483 MUNN,KEITH, ANITA 544569 $612.51 7 02/01/1998 360
600125484 DENNISON,MICHAEL 544570 $1,069.91 02/01/1998 360
600125487 BARRON,ENRIQUE 544598 $1,035.75 7 02/01/1998 360
600125490 PAGENKOPF,LINDA J. 544605 $635.58 02/01/1998 360
600125493 HOBBS,JANET P. 544626 $638.58 02/01/1998 360
600125495 WOODCOOK,BART B 544634 $917.21 02/01/1998 360
600125497 HESS,ALVIN/ELEANOR 544674 $927.86 02/01/1998 360
600125498 FIELDING,JAMES DARRELL 544682 $880.52 02/01/1998 360
600125501 NOFIELD,RICHARD, KELLY 544709 $930.33 02/01/1998 360
600125503 GRANT,LINDA L 544723 $1,401.11 02/01/1998 360
600125505 VAN DEVENDER,KENNETH,CHER 544728 $961.14 02/01/1998 360
600125508 HARTSELL,GARRY 544732 $190.02 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125481 THORESON,CHRIS/SHARON $281,000.00 N
600125482 MILLER,ROBERT S. $73,000.00 N
600125483 MUNN,KEITH, ANITA $87,500.00 N
600125484 DENNISON,MICHAEL $170,000.00 N
600125487 BARRON,ENRIQUE $139,900.00 N
600125490 PAGENKOPF,LINDA J. $107,000.00 N
600125493 HOBBS,JANET P. $115,000.00 N
600125495 WOODCOOK,BART B $195,000.00 N
600125497 HESS,ALVIN/ELEANOR $168,000.00 N
600125498 FIELDING,JAMES DARRELL $220,000.00 N
600125501 NOFIELD,RICHARD, KELLY $144,000.00 N
600125503 GRANT,LINDA L $275,000.00 N
600125505 VAN DEVENDER,KENNETH,CHER $171,000.00 N
600125508 HARTSELL,GARRY $94,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 84
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125510 SPRAGUE,DONALD/EILEEN 7901 SLEEPY HOLLOW ROAD N WOODBURN OR 97071 $216,965.06
600125511 OVERTURF,EUGENE/RUTH 324 WEST CRESTWOOD DRIVE NAMPA ID 83686 $66,008.94
600125512 CANTU,RENE/KAREN 495 SYCAMORE AVENUE WOODBURN OR 97071 $99,940.96
600125514 MILEY,DAVID, DONNA 40060 MERTZ DRIVE SOUTHEA STAYTON OR 97383 $127,402.62
600125518 BARLOW/BUELL,JOSEPH/CHARL 10473 NORTHWEST OAK LANE REDMOND OR 97756 $121,918.14
600125522 LENDRUM/THARP,DAVID,MARGA 2224 NORTHEAST 11TH AVENU PORTLAND OR 97212 $74,953.39
600125523 ZABETI,HAMID 14867 SOUTHWEST 116TH PLA TIGARD OR 97224 $220,359.40
600125524 BLACK,PAUL W. 7185 LAKESIDE DRIVE NORTH SALEM OR 97305 $79,952.77
600125528 LESETAR,ALEXANDER 5633 BLUEGRASS LANE SAN JOSE CA 95118 $106,928.20
600125529 SHAPOSHNIKOV,MICHAEL,SIGF 300-304 EUCLID AVENUE SAN FRANCISCO CA 94118 $164,886.45
600125530 COLUMBINI,LLOYD,THERESA 701 PROSPECT HEIGHTS SANTA CRUZ CA 95065 $162,699.96
600125540 BROWN,ERIC,MARY BETH 923 MOUNTAIN VIEW DRIVE LAFAYETTE CA 94549 $215,865.74
600125541 PARADISE,VIRGINIA 27115 MAINE STREET TOMALES CA 94971 $103,130.75
600125544 CHENG,JACK/AMY 13398 CHRISTIE DRIVE SARATOGA CA 95070 $219,840.77
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125510 SPRAGUE,DONALD/EILEEN 8.375 .250 8.125 .0400 8.085 01/01/2028
600125511 OVERTURF,EUGENE/RUTH 8.375 .250 8.125 .0400 8.085 01/01/2028
600125512 CANTU,RENE/KAREN 8.625 .250 8.375 .0400 8.335 01/01/2028
600125514 MILEY,DAVID, DONNA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125518 BARLOW/BUELL,JOSEPH/CHARL 8.000 .250 7.750 .0400 7.710 01/01/2028
600125522 LENDRUM/THARP,DAVID,MARGA 8.375 .250 8.125 .0400 8.085 01/01/2028
600125523 ZABETI,HAMID 8.250 .250 8.000 .0400 7.960 01/01/2028
600125524 BLACK,PAUL W. 8.625 .250 8.375 .0400 8.335 01/01/2028
600125528 LESETAR,ALEXANDER 8.000 .250 7.750 .0400 7.710 01/01/2028
600125529 SHAPOSHNIKOV,MICHAEL,SIGF 7.875 .250 7.625 .0400 7.585 01/01/2028
600125530 COLUMBINI,LLOYD,THERESA 7.500 .250 7.250 .0400 7.210 12/01/2027
600125540 BROWN,ERIC,MARY BETH 8.375 .250 8.125 .0400 8.085 01/01/2028
600125541 PARADISE,VIRGINIA 8.000 .250 7.750 .0400 7.710 01/01/2028
600125544 CHENG,JACK/AMY 7.625 .250 7.375 .0400 7.335 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125510 SPRAGUE,DONALD/EILEEN 544745 $1,650.12 02/01/1998 360
600125511 OVERTURF,EUGENE/RUTH 544747 $502.03 02/01/1998 360
600125512 CANTU,RENE/KAREN 544751 $777.79 02/01/1998 360
600125514 MILEY,DAVID, DONNA 544756 $980.36 02/01/1998 360
600125518 BARLOW/BUELL,JOSEPH/CHARL 544815 $895.19 02/01/1998 360
600125522 LENDRUM/THARP,DAVID,MARGA 544846 $570.05 02/01/1998 360
600125523 ZABETI,HAMID 544847 $1,656.54 02/01/1998 360
600125524 BLACK,PAUL W. 544854 $622.23 02/01/1998 360
600125528 LESETAR,ALEXANDER 545710 $785.13 02/01/1998 360
600125529 SHAPOSHNIKOV,MICHAEL,SIGF 545740 $1,196.36 02/01/1998 360
600125530 COLUMBINI,LLOYD,THERESA 545894 $1,139.72 02/01/1998 360
600125540 BROWN,ERIC,MARY BETH 546700 $1,641.76 02/01/1998 360
600125541 PARADISE,VIRGINIA 546727 $757.25 02/01/1998 360
600125544 CHENG,JACK/AMY 546766 $1,557.15 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125510 SPRAGUE,DONALD/EILEEN $271,400.00 N
600125511 OVERTURF,EUGENE/RUTH $84,500.00 N
600125512 CANTU,RENE/KAREN $125,000.00 N
600125514 MILEY,DAVID, DONNA $150,000.00 N
600125518 BARLOW/BUELL,JOSEPH/CHARL $152,500.00 N
600125522 LENDRUM/THARP,DAVID,MARGA $221,000.00 N
600125523 ZABETI,HAMID $315,000.00 N
600125524 BLACK,PAUL W. $250,000.00 N
600125528 LESETAR,ALEXANDER $209,000.00 N
600125529 SHAPOSHNIKOV,MICHAEL,SIGF $690,000.00 N
600125530 COLUMBINI,LLOYD,THERESA $238,000.00 N
600125540 BROWN,ERIC,MARY BETH $270,000.00 N
600125541 PARADISE,VIRGINIA $129,000.00 N
600125544 CHENG,JACK/AMY $440,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 85
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125553 SAYLORS,WILLIAM 180 FLITTNER CIRCLE THOUSAND OAKS CA 91360 $91,945.68
600125554 WALKER,LAWRENCE 1015, 1017, 1019, 1019 1/ LOS ANGELES CA 90044 $133,242.86
600125557 BERARDI,VICTOR,JEAN 306 NORTH LEMON STREET ANAHEIM CA 92805 $69,908.11
600125558 GUSINOW,MITCHELL,CAROL 5430 TRUCKEE COURT LAS VEGAS NV 89122 $94,392.78
600125560 GARRITY,THOMAS,ROBIN 3695 FOREST AVENUE YORBA LINDA CA 92886 $130,123.13
600125561 MILLER,PHILLIP 6381 BROWN CIRCLE HUNTINGTON BEAC CA 92647 $54,964.03
600125564 FAKINOS,FRANK 12322 DELTA STREET GARDEN GROVE CA 92840 $127,116.79
600125567 PYGATT,TAMI 3590 GARDENIA AVENUE LONG BEACH CA 90807 $139,115.67
600125579 ALCANTARA,AQUILINO,LETITI 2248 SUMMERWIND CIRCLE HENDERSON NV 89012 $201,077.46
600125580 LAM,RAYMOND 9173 IMPERIAL CASTLE COUR LAS VEGAS NV 89117 $196,436.92
600125586 REED,CHRISTIE 2825 THIRD AVENUE #402 SAN DIEGO CA 92103 $83,945.05
600125588 BHATNAGAR,PRAMOD,KARUNA 364 LEGACY DRIVE HENDERSON NV 89014 $111,139.26
600125594 POPKO,WANDA 7839 HUMMINGBIRD LANE SAN DIEGO CA 92123 $34,977.11
600125598 MCCALLISTER,BEVERLY 2033 GARNET GABLE AVENUE LAS VEGAS NV 89106 $80,703.54
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125553 SAYLORS,WILLIAM 8.625 .250 8.375 .0400 8.335 01/01/2028
600125554 WALKER,LAWRENCE 8.250 .250 8.000 .0400 7.960 11/01/2027
600125557 BERARDI,VICTOR,JEAN 8.125 .250 7.875 .0400 7.835 12/01/2027
600125558 GUSINOW,MITCHELL,CAROL 8.500 .250 8.250 .0400 8.210 01/01/2028
600125560 GARRITY,THOMAS,ROBIN 8.625 .250 8.375 .0400 8.335 01/01/2028
600125561 MILLER,PHILLIP 8.125 .250 7.875 .0400 7.835 01/01/2028
600125564 FAKINOS,FRANK 8.125 .250 7.875 .0400 7.835 01/01/2028
600125567 PYGATT,TAMI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125579 ALCANTARA,AQUILINO,LETITI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125580 LAM,RAYMOND 8.750 .250 8.500 .0400 8.460 01/01/2028
600125586 REED,CHRISTIE 8.125 .250 7.875 .0400 7.835 01/01/2028
600125588 BHATNAGAR,PRAMOD,KARUNA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125594 POPKO,WANDA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125598 MCCALLISTER,BEVERLY 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125553 SAYLORS,WILLIAM 547863 $715.57 02/01/1998 360
600125554 WALKER,LAWRENCE 547884 $1,002.94 02/01/1998 360
600125557 BERARDI,VICTOR,JEAN 548165 $519.75 02/01/1998 360
600125558 GUSINOW,MITCHELL,CAROL 548203 $726.24 02/01/1998 360
600125560 GARRITY,THOMAS,ROBIN 548218 $1,012.68 02/01/1998 360
600125561 MILLER,PHILLIP 548220 $408.37 02/01/1998 360
600125564 FAKINOS,FRANK 548236 $944.46 02/01/1998 360
600125567 PYGATT,TAMI 548313 $1,070.33 02/01/1998 360
600125579 ALCANTARA,AQUILINO,LETITI 548709 $1,547.05 02/01/1998 360
600125580 LAM,RAYMOND 548712 $1,546.26 2 02/01/1998 360
600125586 REED,CHRISTIE 548886 $623.70 02/01/1998 360
600125588 BHATNAGAR,PRAMOD,KARUNA 548936 $894.74 02/01/1998 360
600125594 POPKO,WANDA 549040 $259.87 02/01/1998 360
600125598 MCCALLISTER,BEVERLY 549170 $635.26 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125553 SAYLORS,WILLIAM $115,000.00 N
600125554 WALKER,LAWRENCE $200,000.00 N
600125557 BERARDI,VICTOR,JEAN $143,000.00 N
600125558 GUSINOW,MITCHELL,CAROL $134,935.00 N
600125560 GARRITY,THOMAS,ROBIN $186,000.00 N
600125561 MILLER,PHILLIP $195,000.00 N
600125564 FAKINOS,FRANK $159,000.00 N
600125567 PYGATT,TAMI $174,000.00 N
600125579 ALCANTARA,AQUILINO,LETITI $251,545.00 N
600125580 LAM,RAYMOND $218,430.00 N
600125586 REED,CHRISTIE $105,000.00 N
600125588 BHATNAGAR,PRAMOD,KARUNA $139,000.00 N
600125594 POPKO,WANDA $120,000.00 N
600125598 MCCALLISTER,BEVERLY $100,990.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 86
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125607 BOLANDER,JAMES 11186 SAN MATEO DRIVE LOMA LINDA CA 92354 $61,959.44
600125610 SOBEL,RAYMOND,SHEREE 12672 SPRINGBROOK DRIVE # SAN DIEGO CA 92128 $67,406.79
600125626 WARD,DOUGLAS,JAQUELY 344 NORTH GREENWOOD DRIVE SHORELINE WA 98133 $162,249.09
600125637 JOHNSON,GARY,ANN 19020 SOUTHEAST LAKE HOLM AUBURN WA 98092 $149,896.78
600125640 JENSEN,ELEANOR M. 3288 SOUTH SHORELINE DRIV CAMANO ISLAND WA 98292 $143,004.06
600125641 LOVELY/TYLER,MICHAEL/RAMO EAST BOULDER ROAD, HC 59 MCLEOD MT 59052 $91,944.27
600125644 REICHEL,RODNEY,TERRYL 3885 POWERS ROAD LOON LAKE WA 99148 $46,470.35
600125645 WOLOSYN,ROBERT,MICHELE 805 NORTH PACIFIC AVENUE KELSO WA 98626 $55,928.33
600125652 SCHMIDT,WILLIAM 509 32ND AVENUE SOUTH SEATTLE WA 98144 $168,902.77
600125655 ADLER,DENNIS,CHRISTIN 3920 WEST JAY STREET PASCO WA 99301 $81,695.15
600125656 CANIMO,ZENAIDA T. 3412 169TH AVENUE NORTHEA BELLEVUE WA 98008 $169,891.60
600125661 CHRISTENSEN,KENNETH,BEVER 695 HANLEY AVENUE DALTON GARDENS ID 83815 $128,927.68
600125668 RAPP,DONALD,JILL 4863B HIGHWAY 20 CONCRETE WA 98237 $209,872.78
600125676 RASMUSSEN,GENE R. 32303 & 32309 BIRD STREET CARNATION WA 98014 $75,556.50
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125607 BOLANDER,JAMES 8.125 .250 7.875 .0400 7.835 01/01/2028
600125610 SOBEL,RAYMOND,SHEREE 7.875 .250 7.625 .0400 7.585 12/01/2027
600125626 WARD,DOUGLAS,JAQUELY 8.375 .250 8.125 .0400 8.085 01/01/2028
600125637 JOHNSON,GARY,ANN 7.875 .250 7.625 .0400 7.585 01/01/2028
600125640 JENSEN,ELEANOR M. 8.375 .250 8.125 .0400 8.085 01/01/2028
600125641 LOVELY/TYLER,MICHAEL/RAMO 8.500 .250 8.250 .0400 8.210 01/01/2028
600125644 REICHEL,RODNEY,TERRYL 8.250 .250 8.000 .0400 7.960 01/01/2028
600125645 WOLOSYN,ROBERT,MICHELE 8.250 .250 8.000 .0400 7.960 12/01/2027
600125652 SCHMIDT,WILLIAM 8.750 .250 8.500 .0400 8.460 01/01/2028
600125655 ADLER,DENNIS,CHRISTIN 8.000 .250 7.750 .0400 7.710 01/01/2028
600125656 CANIMO,ZENAIDA T. 8.250 .250 8.000 .0400 7.960 01/01/2028
600125661 CHRISTENSEN,KENNETH,BEVER 8.875 .250 8.625 .0400 8.585 01/01/2028
600125668 RAPP,DONALD,JILL 8.500 .250 8.250 .0400 8.210 01/01/2028
600125676 RASMUSSEN,GENE R. 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125607 BOLANDER,JAMES 549282 $460.35 02/01/1998 360
600125610 SOBEL,RAYMOND,SHEREE 549373 $489.42 02/01/1998 360
600125626 WARD,DOUGLAS,JAQUELY 549521 $1,233.98 02/01/1998 360
600125637 JOHNSON,GARY,ANN 549698 $1,087.60 02/01/1998 360
600125640 JENSEN,ELEANOR M. 549710 $1,090.70 02/01/1998 360
600125641 LOVELY/TYLER,MICHAEL/RAMO 549736 $707.40 02/01/1998 360
600125644 REICHEL,RODNEY,TERRYL 549762 $349.34 02/01/1998 360
600125645 WOLOSYN,ROBERT,MICHELE 549781 $420.71 02/01/1998 360
600125652 SCHMIDT,WILLIAM 549839 $1,329.52 02/01/1998 360
600125655 ADLER,DENNIS,CHRISTIN 549854 $599.85 02/01/1998 360
600125656 CANIMO,ZENAIDA T. 549858 $1,277.15 02/01/1998 360
600125661 CHRISTENSEN,KENNETH,BEVER 549915 $1,026.38 02/01/1998 360
600125668 RAPP,DONALD,JILL 549967 $1,614.72 02/01/1998 360
600125676 RASMUSSEN,GENE R. 549999 $594.75 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125607 BOLANDER,JAMES $77,500.00 N
600125610 SOBEL,RAYMOND,SHEREE $122,000.00 N
600125626 WARD,DOUGLAS,JAQUELY $191,000.00 N
600125637 JOHNSON,GARY,ANN $200,000.00 N
600125640 JENSEN,ELEANOR M. $249,000.00 N
600125641 LOVELY/TYLER,MICHAEL/RAMO $115,000.00 N
600125644 REICHEL,RODNEY,TERRYL $115,000.00 N
600125645 WOLOSYN,ROBERT,MICHELE $80,000.00 N
600125652 SCHMIDT,WILLIAM $330,000.00 N
600125655 ADLER,DENNIS,CHRISTIN $102,200.00 N
600125656 CANIMO,ZENAIDA T. $225,000.00 N
600125661 CHRISTENSEN,KENNETH,BEVER $165,000.00 N
600125668 RAPP,DONALD,JILL $280,000.00 N
600125676 RASMUSSEN,GENE R. $108,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 87
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125678 SPIEGEL,DAVID H. 2511 EAST YESLER WAY SEATTLE WA 98122 $129,928.99
600125684 WOOD,DAWN 774 EASTSIDE HIGHWAY CORVALLIS MT 59828 $55,966.94
600125691 GANNIE,OSMAN,SHAHEEDA 1940 JUDD STREET NORTHEAS OLYMPIA WA 98506 $143,910.50
600125694 KIM,JAE, TRACY 2137 NORTH 159TH STREET SHORELINE WA 98133 $137,912.00
600125695 COEUILLE,JOHN,CANDI 2650 SOUTHWEST TALON LOOP OAK HARBOR WA 98277 $145,911.56
600125697 SMITH,GEORGE, SUSAN 6744 JONES AVENUE NORTHWE SEATTLE WA 98117 $154,908.49
600125698 WENHOLZ,WARD,NANETTE 422 ASPEN WAY FLORENCE MT 59833 $174,394.29
600125700 LAMBSON,CHARLES O. 5812 MEADOW VISTA DRIVE FLORENCE MT 59833 $132,523.72
600125702 WEAVER,MICHAEL JR 4035 162ND AVENUE SOUTHEA BELLEVUE WA 98006 $151,103.58
600125703 PETERSON,MARK 32720 2ND AVENUE SOUTHWES FEDERAL WAY WA 98003 $143,910.50
600125708 LEE,CHOONG, YOUNG 238 NORTHWEST 201ST STREE SHORELINE WA 98177 $145,507.16
600125712 ROBESON/HANDLEN,D.DALENE/ 751 SKYE COURT POST FALLS ID 83854 $199,865.80
600125713 PRATT,LARRY, SANDRA 1814 BITTERROOT DRIVE BILLINGS MT 59105 $74,949.68
600125714 JOHNSON,CHARLES,VICKI 4618 159TH STREET SOUTHWE LYNNWOOD WA 98037 $99,942.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125678 SPIEGEL,DAVID H. 9.000 .250 8.750 .0400 8.710 01/01/2028
600125684 WOOD,DAWN 8.625 .250 8.375 .0400 8.335 01/01/2028
600125691 GANNIE,OSMAN,SHAHEEDA 8.375 .250 8.125 .0400 8.085 01/01/2028
600125694 KIM,JAE, TRACY 8.250 .250 8.000 .0400 7.960 01/01/2028
600125695 COEUILLE,JOHN,CANDI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125697 SMITH,GEORGE, SUSAN 8.625 .250 8.375 .0400 8.335 01/01/2028
600125698 WENHOLZ,WARD,NANETTE 8.500 .250 8.250 .0400 8.210 01/01/2028
600125700 LAMBSON,CHARLES O. 8.750 .250 8.500 .0400 8.460 01/01/2028
600125702 WEAVER,MICHAEL JR 8.250 .250 8.000 .0400 7.960 01/01/2028
600125703 PETERSON,MARK 8.375 .250 8.125 .0400 8.085 01/01/2028
600125708 LEE,CHOONG, YOUNG 8.250 .250 8.000 .0400 7.960 01/01/2028
600125712 ROBESON/HANDLEN,D.DALENE/ 8.000 .250 7.750 .0400 7.710 01/01/2028
600125713 PRATT,LARRY, SANDRA 8.000 .250 7.750 .0400 7.710 01/01/2028
600125714 JOHNSON,CHARLES,VICKI 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125678 SPIEGEL,DAVID H. 550017 $1,046.01 02/01/1998 360
600125684 WOOD,DAWN 550045 $435.56 02/01/1998 360
600125691 GANNIE,OSMAN,SHAHEEDA 550106 $1,094.50 02/01/1998 360
600125694 KIM,JAE, TRACY 550134 $1,036.75 02/01/1998 360
600125695 COEUILLE,JOHN,CANDI 550136 $1,122.61 02/01/1998 360
600125697 SMITH,GEORGE, SUSAN 550148 $1,205.57 02/01/1998 360
600125698 WENHOLZ,WARD,NANETTE 550151 $1,341.75 02/01/1998 360
600125700 LAMBSON,CHARLES O. 550158 $1,043.16 02/01/1998 360
600125702 WEAVER,MICHAEL JR 550181 $1,135.92 2 02/01/1998 360
600125703 PETERSON,MARK 550184 $1,094.50 02/01/1998 360
600125708 LEE,CHOONG, YOUNG 550207 $1,093.84 02/01/1998 360
600125712 ROBESON/HANDLEN,D.DALENE/ 550224 $1,467.53 02/01/1998 360
600125713 PRATT,LARRY, SANDRA 550232 $550.32 02/01/1998 360
600125714 JOHNSON,CHARLES,VICKI 550235 $786.70 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125678 SPIEGEL,DAVID H. $162,500.00 N
600125684 WOOD,DAWN $80,000.00 N
600125691 GANNIE,OSMAN,SHAHEEDA $180,000.00 N
600125694 KIM,JAE, TRACY $193,000.00 N
600125695 COEUILLE,JOHN,CANDI $182,500.00 N
600125697 SMITH,GEORGE, SUSAN $230,000.00 N
600125698 WENHOLZ,WARD,NANETTE $225,000.00 N
600125700 LAMBSON,CHARLES O. $156,000.00 N
600125702 WEAVER,MICHAEL JR $168,000.00 N
600125703 PETERSON,MARK $185,000.00 N
600125708 LEE,CHOONG, YOUNG $208,000.00 N
600125712 ROBESON/HANDLEN,D.DALENE/ $250,000.00 N
600125713 PRATT,LARRY, SANDRA $112,000.00 N
600125714 JOHNSON,CHARLES,VICKI $157,990.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 88
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125715 VAN WINKLE,RONALD,DEBBIE 1238 WEST 11TH STREET PORT ANGELES WA 98363 $83,946.44
600125717 DOLL,ELLAMAE 15717 ORDWAY DRIVE SE YELM WA 98597 $85,472.54
600125718 LEASURE,JOHN,CHONG 2675 NE CLEVELAND GRESHAM OR 97030 $150,706.27
600125719 GISH/MCREYNOLDS,KATHLEEN/ 1475 JAMES HOWE ROAD DALLAS OR 97338 $168,516.98
600125720 AFFATATI,RALPH 13217-13219 PARK STREET WHITTIER CA 90601 $187,771.41
600125721 HATT,JUDY 15995 MCBEE ROAD DALLAS OR 97338 $194,774.79
600125722 JENNE,BEVERLY 2014 SOUTHWEST 306TH LANE FEDERAL WAY WA 98023 $129,163.28
600125732 BARNETT,ANABELLE 40 CEMETARY LANE TOWNSEND MT 59644 $107,861.79
600125734 ARBOGAST,JACK, MARILYN 10826 DEEPWOOD DRIVE SE LAKEWOOD WA 98498 $135,651.79
600125736 HEITMAN/BARRATT,JEFFREY/N 135 LINCOLN AVENUE CAMP MEEKER CA 95419 $154,903.66
600125737 MAHONEY,ERIN 15080 CANYON SIX ROAD GUERNEVILLE CA 95446 $68,356.38
600125738 SMITH,JEFFERY,ELIZABE 8480 LORETTO AVENUE COTATI CA 94931 $113,921.55
600125739 TORRES,JIM L.,JUDY L. 955 KINGWOOD STREET SANTA ROSA CA 95401 $127,414.45
600125740 HOGGATT/WATSON,JOHN/DIANN 1470 WILLOW LANE WILLITS CA 95490 $70,757.11
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125715 VAN WINKLE,RONALD,DEBBIE 8.250 .250 8.000 .0400 7.960 01/01/2028
600125717 DOLL,ELLAMAE 7.500 .250 7.250 .0400 7.210 12/01/2027
600125718 LEASURE,JOHN,CHONG 8.375 .250 8.125 .0400 8.085 01/01/2028
600125719 GISH/MCREYNOLDS,KATHLEEN/ 7.875 .250 7.625 .0400 7.585 12/01/2027
600125720 AFFATATI,RALPH 8.500 .250 8.250 .0400 8.210 12/01/2027
600125721 HATT,JUDY 8.750 .250 8.500 .0400 8.460 12/01/2027
600125722 JENNE,BEVERLY 8.000 .250 7.750 .0400 7.710 01/01/2028
600125732 BARNETT,ANABELLE 8.250 .250 8.000 .0400 7.960 12/01/2027
600125734 ARBOGAST,JACK, MARILYN 8.250 .250 8.000 .0400 7.960 11/01/2027
600125736 HEITMAN/BARRATT,JEFFREY/N 8.375 .250 8.125 .0400 8.085 01/01/2028
600125737 MAHONEY,ERIN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125738 SMITH,JEFFERY,ELIZABE 7.875 .250 7.625 .0400 7.585 01/01/2028
600125739 TORRES,JIM L.,JUDY L. 8.000 .250 7.750 .0400 7.710 01/01/2028
600125740 HOGGATT/WATSON,JOHN/DIANN 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125715 VAN WINKLE,RONALD,DEBBIE 550237 $631.06 02/01/1998 360
600125717 DOLL,ELLAMAE 550269 $598.53 02/01/1998 360
600125718 LEASURE,JOHN,CHONG 550276 $1,146.19 02/01/1998 360
600125719 GISH/MCREYNOLDS,KATHLEEN/ 550278 $1,223.55 02/01/1998 360
600125720 AFFATATI,RALPH 550280 $1,445.56 02/01/1998 360
600125721 HATT,JUDY 550282 $1,534.07 02/01/1998 360
600125722 JENNE,BEVERLY 550285 $948.39 02/01/1998 360
600125732 BARNETT,ANABELLE 550348 $811.37 02/01/1998 360
600125734 ARBOGAST,JACK, MARILYN 550391 $1,021.72 02/01/1998 360
600125736 HEITMAN/BARRATT,JEFFREY/N 550526 $1,178.11 2 02/01/1998 360
600125737 MAHONEY,ERIN 550546 $513.87 02/01/1998 360
600125738 SMITH,JEFFERY,ELIZABE 550584 $826.58 02/01/1998 360
600125739 TORRES,JIM L.,JUDY L. 550586 $935.55 02/01/1998 360
600125740 HOGGATT/WATSON,JOHN/DIANN 550594 $544.39 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125715 VAN WINKLE,RONALD,DEBBIE $105,000.00 N
600125717 DOLL,ELLAMAE $107,000.00 N
600125718 LEASURE,JOHN,CHONG $188,500.00 N
600125719 GISH/MCREYNOLDS,KATHLEEN/ $225,000.00 N
600125720 AFFATATI,RALPH $235,000.00 N
600125721 HATT,JUDY $250,000.00 N
600125722 JENNE,BEVERLY $175,000.00 N
600125732 BARNETT,ANABELLE $135,000.00 N
600125734 ARBOGAST,JACK, MARILYN $171,000.00 N
600125736 HEITMAN/BARRATT,JEFFREY/N $163,500.00 N
600125737 MAHONEY,ERIN $85,500.00 N
600125738 SMITH,JEFFERY,ELIZABE $166,000.00 N
600125739 TORRES,JIM L.,JUDY L. $170,000.00 N
600125740 HOGGATT/WATSON,JOHN/DIANN $88,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 89
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125741 NEIN,SAMUEL B. 13308 WYANDOT STREET WESTMINSTER CO 80234 $132,408.81
600125742 NAHMAN/PEPPER,MICHAEL,PAM 1130 CIVIC CENTER DRIVE ROHNERT PARK CA 94928 $144,707.67
600125743 ROBERTS,GEOFFREY 2698 SPYGLASS DRIVE PISMO BEACH CA 93449 $105,932.41
600125744 DANCHUK,DAVID,MARY 61 REDWOOD COURT SANTA ROSA CA 95409 $51,967.68
600125745 BECKER,RAYMOND 1616 TAINTER STREET ST. HELENA CA 94574 $114,920.86
600125746 CRIVELLO/BAKER,FRANK,KARE 2496 PLACER DRIVE SANTA ROSA CA 95401 $144,902.71
600125747 MAHER,RICHARD,ANNE 2003 LARCHMONT CIRCLE FAIRFIELD CA 94533 $95,732.39
600125748 MAHER,RICHARD,ANNE 6046 LAKEVIEW CIRCLE FAIRFIELD CA 94533 $102,427.66
600125750 BROWN,ANDREA 603 MADISON STREET NAPA CA 94559 $126,327.28
600125753 LYNCH,BEVERLY 3101 NW 47 TERRACE # 120 LAUDERDALE LAKE FL 33319 $32,178.56
600125763 BOULOUS,LUKE,JULIA 500 W HAWKEYE AVENUE 105, TURLOCK CA 95380 $135,122.21
600125766 FOURNIER,RICHARD,BARBARA 252 ARCADIA DRIVE GRASS VALLEY CA 95945 $134,120.77
600125768 HODGE/STRATFULL,LES/KATHL 508 SEMPLE STREET MODESTO CA 95354 $67,108.26
600125770 HEAD,HIDEKO 1174 WEST BIRCH AVENUE PINEDALE CA 93650 $45,168.90
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125741 NEIN,SAMUEL B. 7.875 .250 7.625 .0400 7.585 01/01/2028
600125742 NAHMAN/PEPPER,MICHAEL,PAM 8.250 .250 8.000 .0400 7.960 01/01/2028
600125743 ROBERTS,GEOFFREY 8.250 .250 8.000 .0400 7.960 01/01/2028
600125744 DANCHUK,DAVID,MARY 8.375 .250 8.125 .0400 8.085 01/01/2028
600125745 BECKER,RAYMOND 7.875 .250 7.625 .0400 7.585 01/01/2028
600125746 CRIVELLO/BAKER,FRANK,KARE 8.000 .250 7.750 .0400 7.710 01/01/2028
600125747 MAHER,RICHARD,ANNE 7.750 .250 7.500 .0400 7.460 01/01/2028
600125748 MAHER,RICHARD,ANNE 7.750 .250 7.500 .0400 7.460 01/01/2028
600125750 BROWN,ANDREA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125753 LYNCH,BEVERLY 8.750 .250 8.500 .0400 8.460 01/01/2028
600125763 BOULOUS,LUKE,JULIA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125766 FOURNIER,RICHARD,BARBARA 8.625 .250 8.375 .0400 8.335 01/01/2028
600125768 HODGE/STRATFULL,LES/KATHL 8.375 .250 8.125 .0400 8.085 01/01/2028
600125770 HEAD,HIDEKO 7.875 .250 7.625 .0400 7.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125741 NEIN,SAMUEL B. 550608 $960.72 02/01/1998 360
600125742 NAHMAN/PEPPER,MICHAEL,PAM 550622 $1,087.83 02/01/1998 360
600125743 ROBERTS,GEOFFREY 550626 $796.34 02/01/1998 360
600125744 DANCHUK,DAVID,MARY 550639 $395.24 02/01/1998 360
600125745 BECKER,RAYMOND 550642 $833.83 02/01/1998 360
600125746 CRIVELLO/BAKER,FRANK,KARE 550673 $1,063.96 02/01/1998 360
600125747 MAHER,RICHARD,ANNE 551294 $686.32 02/01/1998 360
600125748 MAHER,RICHARD,ANNE 551295 $734.32 02/01/1998 360
600125750 BROWN,ANDREA 551348 $994.39 02/01/1998 360
600125753 LYNCH,BEVERLY 551454 $254.10 02/01/1998 360
600125763 BOULOUS,LUKE,JULIA 551969 $1,063.62 02/01/1998 360
600125766 FOURNIER,RICHARD,BARBARA 552152 $1,043.79 02/01/1998 360
600125768 HODGE/STRATFULL,LES/KATHL 552208 $510.39 02/01/1998 360
600125770 HEAD,HIDEKO 552255 $327.73 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125741 NEIN,SAMUEL B. $172,000.00 N
600125742 NAHMAN/PEPPER,MICHAEL,PAM $181,000.00 N
600125743 ROBERTS,GEOFFREY $136,000.00 N
600125744 DANCHUK,DAVID,MARY $65,000.00 N
600125745 BECKER,RAYMOND $185,000.00 N
600125746 CRIVELLO/BAKER,FRANK,KARE $194,000.00 N
600125747 MAHER,RICHARD,ANNE $123,000.00 N
600125748 MAHER,RICHARD,ANNE $129,000.00 N
600125750 BROWN,ANDREA $158,000.00 N
600125753 LYNCH,BEVERLY $47,000.00 N
600125763 BOULOUS,LUKE,JULIA $169,000.00 N
600125766 FOURNIER,RICHARD,BARBARA $167,750.00 N
600125768 HODGE/STRATFULL,LES/KATHL $102,000.00 N
600125770 HEAD,HIDEKO $57,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 90
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125772 ZUBILLAGA,MICHELLE 1080 ASHLEY WAY SUSANVILLE CA 96130 $112,979.73
600125773 DE SOTO,MATEO 9297 NORTH BARTON AVENUE FRESNO CA 93720 $88,640.48
600125775 NARP,JOHN,BETTY 475 HERITAGE LANE LOS ALAMOS CA 93440 $186,786.78
600125777 BENTLEY,JOHN,BLYTH 560 2ND STREET CHESTER CA 96020 $93,944.51
600125780 CARLISLE,ALAN 100 LOMBARDI LANE BEAR VALLEY CA 95223 $179,876.13
600125781 LALL,PRITPAL,ANOOP 3817 DANO COURT CERES CA 95307 $71,954.09
600125782 SMITH,ROBERT,DORIS 17072 PINE PEAK ROAD GRASS VALLEY CA 95945 $134,911.69
600125783 BURNS,JAMES,BARBARA 83 WILDFLOWER LANE GARBERVILLE CA 95542 $199,878.84
600125784 JORDAN,ANTHONY,JANET 5400 SIERRA VISTA ROAD MURPHYS CA 95247 $169,888.79
600125785 BAUER,ANDREW,KAY 11594 SUTTERS MILL CIRCLE GOLD RIVER CA 95670 $189,890.69
600125786 MCPARTLAND,JAMES,DEBORAH 8232-8238 AUGUSTA WAY SACRAMENTO CA 95828 $129,519.45
600125787 MCPARTLAND,JAMES,DEBORAH 8224,8226,8228,8230 AUGUS SACRAMENTO CA 95828 $129,519.45
600125789 JONES,JASON 81 OUR WAY CHICO CA 95973 $85,445.48
600125791 MASON,AMANDIA 300 SUTTER STREET FOLSOM CA 95630 $197,876.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125772 ZUBILLAGA,MICHELLE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125773 DE SOTO,MATEO 8.000 .250 7.750 .0400 7.710 01/01/2028
600125775 NARP,JOHN,BETTY 8.500 .250 8.250 .0400 8.210 01/01/2028
600125777 BENTLEY,JOHN,BLYTH 8.625 .250 8.375 .0400 8.335 01/01/2028
600125780 CARLISLE,ALAN 7.875 .250 7.625 .0400 7.585 01/01/2028
600125781 LALL,PRITPAL,ANOOP 8.250 .250 8.000 .0400 7.960 01/01/2028
600125782 SMITH,ROBERT,DORIS 8.125 .250 7.875 .0400 7.835 01/01/2028
600125783 BURNS,JAMES,BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125784 JORDAN,ANTHONY,JANET 8.125 .250 7.875 .0400 7.835 01/01/2028
600125785 BAUER,ANDREW,KAY 8.750 .250 8.500 .0400 8.460 01/01/2028
600125786 MCPARTLAND,JAMES,DEBORAH 8.375 .250 8.125 .0400 8.085 01/01/2028
600125787 MCPARTLAND,JAMES,DEBORAH 8.375 .250 8.125 .0400 8.085 01/01/2028
600125789 JONES,JASON 8.250 .250 8.000 .0400 7.960 01/01/2028
600125791 MASON,AMANDIA 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125772 ZUBILLAGA,MICHELLE 552258 $859.26 2 02/01/1998 360
600125773 DE SOTO,MATEO 552265 $650.85 02/01/1998 360
600125775 NARP,JOHN,BETTY 552277 $1,437.10 2 02/01/1998 360
600125777 BENTLEY,JOHN,BLYTH 552297 $731.12 02/01/1998 360
600125780 CARLISLE,ALAN 552329 $1,305.12 02/01/1998 360
600125781 LALL,PRITPAL,ANOOP 552344 $540.91 02/01/1998 360
600125782 SMITH,ROBERT,DORIS 552355 $1,002.37 02/01/1998 360
600125783 BURNS,JAMES,BARBARA 552362 $1,537.83 02/01/1998 360
600125784 JORDAN,ANTHONY,JANET 552366 $1,262.25 02/01/1998 360
600125785 BAUER,ANDREW,KAY 552378 $1,494.73 2 02/01/1998 360
600125786 MCPARTLAND,JAMES,DEBORAH 552386 $985.05 02/01/1998 360
600125787 MCPARTLAND,JAMES,DEBORAH 552387 $985.05 02/01/1998 360
600125789 JONES,JASON 552408 $642.33 02/01/1998 360
600125791 MASON,AMANDIA 552454 $1,504.94 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125772 ZUBILLAGA,MICHELLE $119,000.00 N
600125773 DE SOTO,MATEO $110,950.00 N
600125775 NARP,JOHN,BETTY $196,825.00 N
600125777 BENTLEY,JOHN,BLYTH $117,500.00 N
600125780 CARLISLE,ALAN $275,000.00 N
600125781 LALL,PRITPAL,ANOOP $90,000.00 N
600125782 SMITH,ROBERT,DORIS $260,000.00 N
600125783 BURNS,JAMES,BARBARA $250,000.00 N
600125784 JORDAN,ANTHONY,JANET $217,168.00 N
600125785 BAUER,ANDREW,KAY $200,000.00 N
600125786 MCPARTLAND,JAMES,DEBORAH $162,000.00 N
600125787 MCPARTLAND,JAMES,DEBORAH $162,000.00 N
600125789 JONES,JASON $173,000.00 N
600125791 MASON,AMANDIA $220,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 91
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125793 SITHIPHONE,TEX,ANNA 3325 & 3327 ALTOS AVENUE SACRAMENTO CA 95838 $87,252.31
600125794 VOORHEES,C.RYAN 2301 SPIESS ROAD ACAMPO CA 95220 $149,909.13
600125795 DUPELL,DAVID 14086 BROOKS ROAD GRASS VALLEY CA 95945 $164,897.44
600125798 ARVAY,MATTHEW,KIMBERL 21523 FULL MOON COURT GRASS VALLEY CA 95949 $193,869.83
600125799 LINK,GENEVA 232 DELTA LEAF WAY SACRAMENTO CA 95838 $64,957.48
600125801 PEDRO,JOE,MONIQUE 23779 STATE HIGHWAY 49 AUBURN CA 95602 $167,895.58
600125803 BALIEL,JOHN,CHRISTINA 10446 ALEILANI LANE ELK GROVE CA 95624 $174,885.53
600125804 THORNSBERRY,PHYLLISS 4409 PLANZ ROAD BAKERSFIELD CA 93309 $34,231.77
600125805 DEVAULT,DAVID,BARBARA 2918 PONDEROSA LANE SACRAMENTO CA 95815 $63,961.23
600125806 STROLE,DOUGLAS 13705 17TH AVENUE LEMOORE CA 93245 $93,685.48
600125807 ASHORN,JOHN,GLORIA 174 BAXTER STREET VALLEJO CA 94590 $131,915.83
600125809 BATMALE,PAUL 716 DOROTHY WAY AUBURN CA 95603 $72,759.19
600125810 WYRICK,MARQUITA 329 UTAH AVENUE OCEANO CA 93445 $125,917.58
600125812 MCDONALD,TIMOTHY,REBECCA 1775 MCKINLEY DRIVE RENO NV 89509 $187,086.59
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125793 SITHIPHONE,TEX,ANNA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125794 VOORHEES,C.RYAN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125795 DUPELL,DAVID 8.375 .250 8.125 .0400 8.085 01/01/2028
600125798 ARVAY,MATTHEW,KIMBERL 8.000 .250 7.750 .0400 7.710 01/01/2028
600125799 LINK,GENEVA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125801 PEDRO,JOE,MONIQUE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125803 BALIEL,JOHN,CHRISTINA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125804 THORNSBERRY,PHYLLISS 9.125 .250 8.875 .0400 8.835 01/01/2028
600125805 DEVAULT,DAVID,BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125806 STROLE,DOUGLAS 7.875 .250 7.625 .0400 7.585 01/01/2028
600125807 ASHORN,JOHN,GLORIA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125809 BATMALE,PAUL 8.875 .250 8.625 .0400 8.585 01/01/2028
600125810 WYRICK,MARQUITA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125812 MCDONALD,TIMOTHY,REBECCA 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125793 SITHIPHONE,TEX,ANNA 552546 $702.44 2 02/01/1998 360
600125794 VOORHEES,C.RYAN 552565 $1,153.37 02/01/1998 360
600125795 DUPELL,DAVID 552567 $1,254.12 02/01/1998 360
600125798 ARVAY,MATTHEW,KIMBERL 552570 $1,423.50 02/01/1998 360
600125799 LINK,GENEVA 552573 $482.62 02/01/1998 360
600125801 PEDRO,JOE,MONIQUE 552591 $1,276.92 02/01/1998 360
600125803 BALIEL,JOHN,CHRISTINA 552604 $1,299.37 02/01/1998 360
600125804 THORNSBERRY,PHYLLISS 552614 $278.67 2 02/01/1998 360
600125805 DEVAULT,DAVID,BARBARA 552619 $492.10 02/01/1998 360
600125806 STROLE,DOUGLAS 552623 $679.75 02/01/1998 360
600125807 ASHORN,JOHN,GLORIA 552625 $991.67 02/01/1998 360
600125809 BATMALE,PAUL 552639 $579.23 02/01/1998 360
600125810 WYRICK,MARQUITA 552640 $935.55 02/01/1998 360
600125812 MCDONALD,TIMOTHY,REBECCA 552682 $1,439.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125793 SITHIPHONE,TEX,ANNA $97,000.00 N
600125794 VOORHEES,C.RYAN $235,000.00 N
600125795 DUPELL,DAVID $300,000.00 N
600125798 ARVAY,MATTHEW,KIMBERL $285,000.00 N
600125799 LINK,GENEVA $107,000.00 N
600125801 PEDRO,JOE,MONIQUE $210,000.00 N
600125803 BALIEL,JOHN,CHRISTINA $225,000.00 N
600125804 THORNSBERRY,PHYLLISS $38,109.00 N
600125805 DEVAULT,DAVID,BARBARA $80,000.00 N
600125806 STROLE,DOUGLAS $125,000.00 N
600125807 ASHORN,JOHN,GLORIA $165,000.00 N
600125809 BATMALE,PAUL $91,000.00 N
600125810 WYRICK,MARQUITA $222,000.00 N
600125812 MCDONALD,TIMOTHY,REBECCA $234,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 92
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125813 CAHILL,LINDA 166 MANZANITA COURT CAMP NELSON CA 93208 $63,958.13
600125815 MOREHEAD,RITA,CHARLES 912 NORTH PARKWOOD COURT VISALIA CA 93291 $82,853.52
600125816 NUNES,EMILY 2817 STONE TERRACE MODESTO CA 95355 $95,932.24
600125817 BROWN,TOM,CAROL 723-725 EL CAMINO AVENUE MODESTO CA 95350 $76,461.37
600125818 STAMAS,PETER,MARY 1200 OAKLAND AVENUE ROSEVILLE CA 95678 $97,431.19
600125819 STAMAS,PETER,MARY 1202 OAKLAND AVENUE ROSEVILLE CA 95678 $97,431.19
600125821 CURL/BALENGER,NORMAN/DAWN 4505 COUNTRYWOOD LANE BAKERSFIELD CA 93313 $27,584.12
600125831 PETERSEN,STANFORD 7265 SOUTH 1950 EAST SALT LAKE CITY UT 84121 $64,959.60
600125843 DEROSA,JOSEPH 2821 BUTTERMILK CIRCLE COLORADO SPRING CO 80918 $86,351.56
600125846 HIER,KYLE 888 LOGAN STREET DENVER CO 80203 $123,673.08
600125850 HOLLY,JILL 34511 NORTH U.S. HIGHWAY DURANGO CO 81301 $86,191.32
600125854 TRAVIS,TOM 3349 SOUTH UINTA COURT DENVER CO 80231 $131,111.97
600125858 PEVEY,JAY,DANA 282 WEST GOLDEN AVENUE LAYTON UT 84041 $91,137.24
600125859 SHURTLIFF,DONALD,JOAN 1531-1537 SOUTH 100 EAST OREM UT 84058 $76,955.70
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125813 CAHILL,LINDA 8.125 .250 7.875 .0400 7.835 01/01/2028
600125815 MOREHEAD,RITA,CHARLES 8.875 .250 8.625 .0400 8.585 01/01/2028
600125816 NUNES,EMILY 7.750 .250 7.500 .0400 7.460 01/01/2028
600125817 BROWN,TOM,CAROL 9.375 .250 9.125 .0400 9.085 01/01/2028
600125818 STAMAS,PETER,MARY 7.750 .250 7.500 .0400 7.460 01/01/2028
600125819 STAMAS,PETER,MARY 7.750 .250 7.500 .0400 7.460 01/01/2028
600125821 CURL/BALENGER,NORMAN/DAWN 8.750 .250 8.500 .0400 8.460 01/01/2028
600125831 PETERSEN,STANFORD 8.375 .250 8.125 .0400 8.085 01/01/2028
600125843 DEROSA,JOSEPH 8.875 .250 8.625 .0400 8.585 01/01/2028
600125846 HIER,KYLE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125850 HOLLY,JILL 8.250 .250 8.000 .0400 7.960 01/01/2028
600125854 TRAVIS,TOM 8.000 .250 7.750 .0400 7.710 01/01/2028
600125858 PEVEY,JAY,DANA 7.875 .250 7.625 .0400 7.585 01/01/2028
600125859 SHURTLIFF,DONALD,JOAN 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125813 CAHILL,LINDA 552684 $475.20 02/01/1998 360
600125815 MOREHEAD,RITA,CHARLES 552690 $659.59 2 02/01/1998 360
600125816 NUNES,EMILY 552707 $687.76 02/01/1998 360
600125817 BROWN,TOM,CAROL 552720 $636.29 12 02/01/1998 360
600125818 STAMAS,PETER,MARY 552722 $698.50 02/01/1998 360
600125819 STAMAS,PETER,MARY 552729 $698.50 02/01/1998 360
600125821 CURL/BALENGER,NORMAN/DAWN 552739 $217.13 02/01/1998 360
600125831 PETERSEN,STANFORD 552931 $494.05 02/01/1998 360
600125843 DEROSA,JOSEPH 553021 $687.44 02/01/1998 360
600125846 HIER,KYLE 553028 $940.59 02/01/1998 360
600125850 HOLLY,JILL 553032 $647.97 02/01/1998 360
600125854 TRAVIS,TOM 553046 $962.70 02/01/1998 360
600125858 PEVEY,JAY,DANA 553185 $661.26 02/01/1998 360
600125859 SHURTLIFF,DONALD,JOAN 553195 $605.76 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125813 CAHILL,LINDA $80,000.00 N
600125815 MOREHEAD,RITA,CHARLES $92,550.00 N
600125816 NUNES,EMILY $120,000.00 N
600125817 BROWN,TOM,CAROL $85,000.00 N
600125818 STAMAS,PETER,MARY $140,000.00 N
600125819 STAMAS,PETER,MARY $140,000.00 N
600125821 CURL/BALENGER,NORMAN/DAWN $34,500.00 N
600125831 PETERSEN,STANFORD $100,000.00 N
600125843 DEROSA,JOSEPH $1,340,000.00 N
600125846 HIER,KYLE $165,000.00 N
600125850 HOLLY,JILL $115,000.00 N
600125854 TRAVIS,TOM $164,000.00 N
600125858 PEVEY,JAY,DANA $114,000.00 N
600125859 SHURTLIFF,DONALD,JOAN $247,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 93
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125866 REEVES,CLAY 4693 SOUTH 1100 EAST OGDEN UT 84403 $185,487.57
600125867 ARNOLD/CASSIDY,PHILLIP/CA 717 SOUTH 900 EAST SALT LAKE CITY UT 84103 $129,917.10
600125875 BARRETT,MARY 3804 BROWN DRIVE SOUTHWES ALBUQUERQUE NM 87121 $65,463.28
600125881 FLANDERS/BARRIG,LEE/YOLAN 2217 EAST MONTECITO AVENU PHOENIX AZ 85016 $111,930.39
600125883 RISTAU,WILLIAM,CHIOU-I 4901 COMANCHE NORTHEAST ALBUQUERQUE NM 87110 $81,549.28
600125889 NICHOLAS,VIVIAN 6261 EAST STAR VALLEY STR MESA AZ 85215 $171,895.80
600125891 HOWELL,KATHLEEN, BRAD 119 NORTH HERITAGE LANE PAYSON AZ 85541 $87,629.95
600125892 ARAGON,ALEX,MARTHA 22 LA ESCONDIDA ROAD PERALTA NM 87072 $211,864.81
600125895 COX,STEVEN 45202 CASTLE HOT SPRINGS MORRISTOWN AZ 85302 $199,878.84
600125904 COOPER,DAVID,LEOKADIA 4414 EAST MEADOW DRIVE PHOENIX AZ 85032 $128,729.65
600125905 ROSE,RICHARD,TINA 7123 EAST BAYWOOD AVENUE MESA AZ 85208 $44,974.11
600125909 LORENZEN,JAN ERIK 10516 EAST FLOWER AVENUE MESA AZ 85208 $110,389.67
600125915 CHANG,KUO-CHIANG,CHEN 8417 EAST CORONADO ROAD SCOTTSDALE AZ 85257 $79,857.48
600125918 PUCCIO,KENNETH, LINDA 1801 NORTH THISTLE ROAD FLAGSTAFF AZ 86004 $122,234.92
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125866 REEVES,CLAY 8.500 .250 8.250 .0400 8.210 01/01/2028
600125867 ARNOLD/CASSIDY,PHILLIP/CA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125875 BARRETT,MARY 8.875 .250 8.625 .0400 8.585 01/01/2028
600125881 FLANDERS/BARRIG,LEE/YOLAN 8.375 .250 8.125 .0400 8.085 01/01/2028
600125883 RISTAU,WILLIAM,CHIOU-I 8.375 .250 8.125 .0400 8.085 01/01/2028
600125889 NICHOLAS,VIVIAN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125891 HOWELL,KATHLEEN, BRAD 7.875 .250 7.625 .0400 7.585 01/01/2028
600125892 ARAGON,ALEX,MARTHA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125895 COX,STEVEN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125904 COOPER,DAVID,LEOKADIA 9.000 .250 8.750 .0400 8.710 01/01/2028
600125905 ROSE,RICHARD,TINA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125909 LORENZEN,JAN ERIK 9.000 .250 8.750 .0400 8.710 01/01/2028
600125915 CHANG,KUO-CHIANG,CHEN 9.125 .250 8.875 .0400 8.835 01/01/2028
600125918 PUCCIO,KENNETH, LINDA 9.125 .250 8.875 .0400 8.835 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125866 REEVES,CLAY 553820 $1,427.10 02/01/1998 360
600125867 ARNOLD/CASSIDY,PHILLIP/CA 553822 $976.65 02/01/1998 360
600125875 BARRETT,MARY 553916 $521.15 02/01/1998 360
600125881 FLANDERS/BARRIG,LEE/YOLAN 553964 $851.28 02/01/1998 360
600125883 RISTAU,WILLIAM,CHIOU-I 553967 $620.22 02/01/1998 360
600125889 NICHOLAS,VIVIAN 553981 $1,322.53 02/01/1998 360
600125891 HOWELL,KATHLEEN, BRAD 553986 $640.96 02/01/1998 360
600125892 ARAGON,ALEX,MARTHA 553987 $1,592.69 02/01/1998 360
600125895 COX,STEVEN 554004 $1,537.83 02/01/1998 360
600125904 COOPER,DAVID,LEOKADIA 554038 $1,036.35 02/01/1998 360
600125905 ROSE,RICHARD,TINA 554042 $354.02 02/01/1998 360
600125909 LORENZEN,JAN ERIK 554064 $888.71 2 02/01/1998 360
600125915 CHANG,KUO-CHIANG,CHEN 554087 $650.09 02/01/1998 360
600125918 PUCCIO,KENNETH, LINDA 554100 $995.07 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125866 REEVES,CLAY $232,000.00 N
600125867 ARNOLD/CASSIDY,PHILLIP/CA $225,000.00 N
600125875 BARRETT,MARY $84,000.00 N
600125881 FLANDERS/BARRIG,LEE/YOLAN $147,000.00 N
600125883 RISTAU,WILLIAM,CHIOU-I $102,000.00 N
600125889 NICHOLAS,VIVIAN $215,000.00 N
600125891 HOWELL,KATHLEEN, BRAD $130,000.00 N
600125892 ARAGON,ALEX,MARTHA $289,000.00 N
600125895 COX,STEVEN $293,727.00 N
600125904 COOPER,DAVID,LEOKADIA $161,000.00 N
600125905 ROSE,RICHARD,TINA $67,000.00 N
600125909 LORENZEN,JAN ERIK $116,270.00 N
600125915 CHANG,KUO-CHIANG,CHEN $100,000.00 N
600125918 PUCCIO,KENNETH, LINDA $143,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 94
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125921 NELSON,CAROLINE 3522 WEST 13TH PLACE YUMA AZ 85364 $106,333.86
600125924 NORRIS,WILLIAM,CLARA 1632 WEST MORELOS STREET CHANDLER AZ 85224 $130,724.75
600125925 HAMILTON,CARROLL 4301 NORTH 9TH AVENUE PHOENIX AZ 85013 $61,164.79
600125926 HAMILTON,CARROLL 93 EAST ASHLAND AVENUE PHOENIX AZ 85016 $49,571.47
600125929 JOHNSON/HUTCHI/,PAUL/SUSA 2481 FOX AVENUE KINGMAN AZ 86401 $111,136.02
600125933 HAN,BOK,SARAH 8544 WEST MISSION LANE PEORIA AZ 85345 $96,889.74
600125935 KHOURY,LUZ 1411 WEST IMPALA AVENUE MESA AZ 85202 $104,435.04
600125943 LIMPERIS,GEORGE 240 LIBERTY STREET SAN FRANCISCO CA 94114 $191,874.41
600125953 RIFKIND,GARY,JOYCE 82 GRANADA DRIVE CORTE MADERA CA 94925 $214,452.31
600125955 MURILLO,VIRGINIA 3317 CANNONGATE COURT SAN JOSE CA 95121 $126,926.93
600125956 COLETTI,MARK 2010 YOSEMITE STREET SEASIDE CA 93955 $147,908.01
600125959 CARBALLEDO,JOSE,MARIA 745 SHELTER CREEK LANE # SAN BRUNO CA 94066 $131,168.43
600125965 BRINSER,ROD,STACEY 119 BEEDE WAY ANTIOCH CA 94509 $215,737.37
600125966 MCCREADY/BYRNE,LORRA/ANDR 12925 IRISH TOWN ROAD PINE GROVE CA 95665 $82,947.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125921 NELSON,CAROLINE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125924 NORRIS,WILLIAM,CLARA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125925 HAMILTON,CARROLL 8.750 .250 8.500 .0400 8.460 01/01/2028
600125926 HAMILTON,CARROLL 8.750 .250 8.500 .0400 8.460 01/01/2028
600125929 JOHNSON/HUTCHI/,PAUL/SUSA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125933 HAN,BOK,SARAH 8.375 .250 8.125 .0400 8.085 01/01/2028
600125935 KHOURY,LUZ 8.375 .250 8.125 .0400 8.085 01/01/2028
600125943 LIMPERIS,GEORGE 8.125 .250 7.875 .0400 7.835 01/01/2028
600125953 RIFKIND,GARY,JOYCE 7.875 .250 7.625 .0400 7.585 01/01/2028
600125955 MURILLO,VIRGINIA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125956 COLETTI,MARK 8.375 .250 8.125 .0400 8.085 01/01/2028
600125959 CARBALLEDO,JOSE,MARIA 8.375 .250 8.125 .0400 8.085 01/01/2028
600125965 BRINSER,ROD,STACEY 8.500 .250 8.250 .0400 8.210 12/01/2027
600125966 MCCREADY/BYRNE,LORRA/ANDR 8.250 .250 8.000 .0400 7.960 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125921 NELSON,CAROLINE 554128 $808.72 02/01/1998 360
600125924 NORRIS,WILLIAM,CLARA 554137 $1,029.00 2 02/01/1998 360
600125925 HAMILTON,CARROLL 554140 $481.46 02/01/1998 360
600125926 HAMILTON,CARROLL 554141 $390.20 02/01/1998 360
600125929 JOHNSON/HUTCHI/,PAUL/SUSA 554145 $874.81 02/01/1998 360
600125933 HAN,BOK,SARAH 554166 $736.89 2 02/01/1998 360
600125935 KHOURY,LUZ 554183 $794.28 2 02/01/1998 360
600125943 LIMPERIS,GEORGE 555167 $1,425.59 02/01/1998 360
600125953 RIFKIND,GARY,JOYCE 555442 $1,556.00 02/01/1998 360
600125955 MURILLO,VIRGINIA 555472 $999.11 02/01/1998 360
600125956 COLETTI,MARK 555474 $1,124.91 02/01/1998 360
600125959 CARBALLEDO,JOSE,MARIA 555564 $997.59 02/01/1998 360
600125965 BRINSER,ROD,STACEY 555684 $1,660.85 02/01/1998 360
600125966 MCCREADY/BYRNE,LORRA/ANDR 555690 $623.55 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125921 NELSON,CAROLINE $133,000.00 N
600125924 NORRIS,WILLIAM,CLARA $145,371.00 N
600125925 HAMILTON,CARROLL $76,500.00 N
600125926 HAMILTON,CARROLL $64,900.00 N
600125929 JOHNSON/HUTCHI/,PAUL/SUSA $151,000.00 N
600125933 HAN,BOK,SARAH $102,095.00 N
600125935 KHOURY,LUZ $110,000.00 N
600125943 LIMPERIS,GEORGE $240,000.00 N
600125953 RIFKIND,GARY,JOYCE $430,000.00 N
600125955 MURILLO,VIRGINIA $160,000.00 N
600125956 COLETTI,MARK $185,000.00 N
600125959 CARBALLEDO,JOSE,MARIA $175,000.00 N
600125965 BRINSER,ROD,STACEY $270,000.00 N
600125966 MCCREADY/BYRNE,LORRA/ANDR $182,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 95
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125967 DINH,PHONG 2007 EAST 17TH STREET OAKLAND CA 94606 $130,991.51
600125973 PETRONI,JOHN,VIRGINIA LOT 2, BLK 14,MEADOW VALL ELKO NV 89801 $93,843.12
600125974 FISH,PAT 1243 WEST VALERIO STREET SANTA BARBARA CA 93101 $170,294.09
600125978 JUNCAJ,WILLIAM,MICHELE 420 LA PRESA DRIVE LA HABRA CA 90631 $160,700.05
600125985 PIENH,KIMBERLY 1035 VINA AVENUE LONG BEACH CA 90813 $73,455.47
600125986 SIMMONS,CHARLES,MARY 25775 MOUNTAIN CHARLIE RO LOS GATOS CA 95033 $74,907.81
600125989 PERICON,MARIA 18743 AND 18745 LOWELL AV HAYWARD CA 94541 $153,818.10
600125992 LARSON,HAROLD 33671 STREET OF THE BLUE DANA POINT CA 92629 $169,504.92
600125997 YELVERTON,MARSHALL 4706 GONDAR AVENUE LAKEWOOD CA 90713 $131,057.44
600125998 LEOPARDI,TENLEY 409 WEST CAMINO REAL AVEN PALMDALE CA 93551 $83,947.79
600125999 PARRISH,EMILIA 24708 VIA VALMONTE TORRANCE CA 90505 $149,888.68
600126000 REGAN,MIKE 27 REGATO RANCHO SANTA CA 92688 $112,430.08
600126003 PECUS/ANDERSON,KENNETH/TH 2530-2532 MYRTLE AVENUE SAN DIEGO CA 92104 $121,437.01
600126005 BURKE,JOSEPH 1610-1612 2ND STREET SAN FERNANDO CA 91340 $157,411.70
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125967 DINH,PHONG 7.875 .250 7.625 .0400 7.585 01/01/2028
600125973 PETRONI,JOHN,VIRGINIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125974 FISH,PAT 8.375 .250 8.125 .0400 8.085 01/01/2028
600125978 JUNCAJ,WILLIAM,MICHELE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125985 PIENH,KIMBERLY 8.500 .250 8.250 .0400 8.210 01/01/2028
600125986 SIMMONS,CHARLES,MARY 8.125 .250 7.875 .0400 7.835 01/01/2028
600125989 PERICON,MARIA 9.125 .250 8.875 .0400 8.835 01/01/2028
600125992 LARSON,HAROLD 8.875 .250 8.625 .0400 8.585 01/01/2028
600125997 YELVERTON,MARSHALL 7.750 .250 7.500 .0400 7.460 01/01/2028
600125998 LEOPARDI,TENLEY 8.375 .250 8.125 .0400 8.085 01/01/2028
600125999 PARRISH,EMILIA 7.500 .250 7.250 .0400 7.210 01/01/2028
600126000 REGAN,MIKE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126003 PECUS/ANDERSON,KENNETH/TH 9.250 .250 9.000 .0400 8.960 01/01/2028
600126005 BURKE,JOSEPH 8.875 .250 8.625 .0400 8.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125967 DINH,PHONG 555718 $978.84 02/01/1998 360
600125973 PETRONI,JOHN,VIRGINIA 555917 $722.01 33 02/01/1998 360
600125974 FISH,PAT 555941 $1,295.16 02/01/1998 360
600125978 JUNCAJ,WILLIAM,MICHELE 556019 $1,222.20 02/01/1998 360
600125985 PIENH,KIMBERLY 556373 $565.15 02/01/1998 360
600125986 SIMMONS,CHARLES,MARY 556374 $556.87 02/01/1998 360
600125989 PERICON,MARIA 556408 $1,252.18 02/01/1998 360
600125992 LARSON,HAROLD 556445 $1,349.41 02/01/1998 360
600125997 YELVERTON,MARSHALL 556501 $939.57 02/01/1998 360
600125998 LEOPARDI,TENLEY 556518 $638.46 02/01/1998 360
600125999 PARRISH,EMILIA 556525 $1,048.82 02/01/1998 360
600126000 REGAN,MIKE 556547 $855.08 02/01/1998 360
600126003 PECUS/ANDERSON,KENNETH/TH 556585 $999.55 2 02/01/1998 360
600126005 BURKE,JOSEPH 556597 $1,253.14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125967 DINH,PHONG $180,000.00 N
600125973 PETRONI,JOHN,VIRGINIA $105,000.00 N
600125974 FISH,PAT $213,000.00 N
600125978 JUNCAJ,WILLIAM,MICHELE $201,000.00 N
600125985 PIENH,KIMBERLY $92,000.00 N
600125986 SIMMONS,CHARLES,MARY $325,000.00 N
600125989 PERICON,MARIA $220,000.00 N
600125992 LARSON,HAROLD $212,000.00 N
600125997 YELVERTON,MARSHALL $174,900.00 N
600125998 LEOPARDI,TENLEY $105,000.00 N
600125999 PARRISH,EMILIA $475,000.00 N
600126000 REGAN,MIKE $150,000.00 N
600126003 PECUS/ANDERSON,KENNETH/TH $135,000.00 N
600126005 BURKE,JOSEPH $225,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 96
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126006 BURKE,JOSEPH 1602 A AND B 2ND STREET SAN FERNANDO CA 91340 $153,913.67
600126010 DEVERA,VICKIE/JULEA 1304 ALICANTE DRIVE PACIFICA CA 94044 $211,860.42
600126014 GRIVAS,HELEN 230 SOUTH CATALINA REDONDO BEACH CA 90277 $175,893.38
600126017 HANNAY,DONALD,JOAN 3 TIERRA MONTANOSA RANCHO SANTA CA 92688 $115,381.84
600126018 TELLEZ,MARTIN,VIRGINIA 25021 EL CORTIJO LANE MISSION VIEJO CA 92691 $195,881.26
600126019 BOYLE,EDWARD 5385 TRACI DRIVE SANTA BARBARA CA 93111 $150,708.65
600126020 RUIZ,LUCILLE 9259 SCOTTY WAY CORONA AREA CA 91719 $92,910.31
600126023 TSUKADA,SATOSHI,SEIKO 44 PLEASONTON IRVINE CA 92620 $186,120.04
600126024 MCINTYRE,STEVEN,MICHELE 316 CERRO STREET ENCINITAS CA 92024 $186,624.69
600126026 TUTT/TUTT,DEBORAH/SHAWN 133 CALIFORNIA STREET ARCADIA CA 91006 $127,926.35
600126028 RIVERA,SARA 16734 ELK HORN AVENUE CHINO HILLS CA 91709 $153,252.21
600126029 THOESON,ANNEKA 15045 ARCHWOOD STREET LOS ANGELES CA 91405 $97,476.01
600126031 AMRON,ROBERT 2517 HAYWARD DRIVE SANTA CLARA CA 95051 $210,358.76
600126033 FRIEDENTHAL,JOHN 20105 SEPTO STREET LOS ANGELES CA 91311 $173,497.51
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126006 BURKE,JOSEPH 8.875 .250 8.625 .0400 8.585 01/01/2028
600126010 DEVERA,VICKIE/JULEA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126014 GRIVAS,HELEN 8.500 .250 8.250 .0400 8.210 01/01/2028
600126017 HANNAY,DONALD,JOAN 8.625 .250 8.375 .0400 8.335 01/01/2028
600126018 TELLEZ,MARTIN,VIRGINIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126019 BOYLE,EDWARD 8.500 .250 8.250 .0400 8.210 01/01/2028
600126020 RUIZ,LUCILLE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126023 TSUKADA,SATOSHI,SEIKO 8.750 .250 8.500 .0400 8.460 01/01/2028
600126024 MCINTYRE,STEVEN,MICHELE 8.000 .250 7.750 .0400 7.710 01/01/2028
600126026 TUTT/TUTT,DEBORAH/SHAWN 8.750 .250 8.500 .0400 8.460 01/01/2028
600126028 RIVERA,SARA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126029 THOESON,ANNEKA 8.625 .250 8.375 .0400 8.335 01/01/2028
600126031 AMRON,ROBERT 8.000 .250 7.750 .0400 7.710 01/01/2028
600126033 FRIEDENTHAL,JOHN 8.625 .250 8.375 .0400 8.335 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126006 BURKE,JOSEPH 556598 $1,225.29 02/01/1998 360
600126010 DEVERA,VICKIE/JULEA 556631 $1,574.09 02/01/1998 360
600126014 GRIVAS,HELEN 556663 $1,353.29 02/01/1998 360
600126017 HANNAY,DONALD,JOAN 556680 $897.96 02/01/1998 360
600126018 TELLEZ,MARTIN,VIRGINIA 556690 $1,507.07 02/01/1998 360
600126019 BOYLE,EDWARD 556734 $1,159.52 02/01/1998 360
600126020 RUIZ,LUCILLE 556735 $674.31 02/01/1998 360
600126023 TSUKADA,SATOSHI,SEIKO 556763 $1,479.00 02/01/1998 360
600126024 MCINTYRE,STEVEN,MICHELE 556765 $1,370.31 02/01/1998 360
600126026 TUTT/TUTT,DEBORAH/SHAWN 556793 $1,006.98 02/01/1998 360
600126028 RIVERA,SARA 556796 $1,152.07 02/01/1998 360
600126029 THOESON,ANNEKA 556799 $759.12 02/01/1998 360
600126031 AMRON,ROBERT 556807 $1,544.57 02/01/1998 360
600126033 FRIEDENTHAL,JOHN 556826 $1,350.24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126006 BURKE,JOSEPH $220,000.00 N
600126010 DEVERA,VICKIE/JULEA $265,000.00 N
600126014 GRIVAS,HELEN $220,000.00 N
600126017 HANNAY,DONALD,JOAN $155,000.00 N
600126018 TELLEZ,MARTIN,VIRGINIA $245,000.00 N
600126019 BOYLE,EDWARD $188,500.00 N
600126020 RUIZ,LUCILLE $128,740.00 N
600126023 TSUKADA,SATOSHI,SEIKO $235,000.00 N
600126024 MCINTYRE,STEVEN,MICHELE $249,000.00 N
600126026 TUTT/TUTT,DEBORAH/SHAWN $160,000.00 N
600126028 RIVERA,SARA $191,730.00 N
600126029 THOESON,ANNEKA $122,000.00 N
600126031 AMRON,ROBERT $250,000.00 N
600126033 FRIEDENTHAL,JOHN $217,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 97
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126034 CHEN,TUNG,PAI 1705 SOUTH 2ND STREET ALHAMBRA CA 91801 $152,705.03
600126036 CERVANTES,LETICIA 322 NORTH CRON WAY PLACENTIA CA 92870 $126,229.19
600126038 MISAKA,RANDALL H. 23978 LONE PINE DRIVE MORENO VALLEY CA 92557 $90,935.77
600126043 TATUM,TOM,LUAYNE 150 GIBSON STREET UKIAH CA 95482 $113,265.62
600126046 GISOTTI,CONSTANTINO 1547 SANTA MONICA AVENUE SAN JOSE CA 95118 $150,811.63
600126049 JUN,YUN SOON 100 GRENADINE WAY HERCULES CA 94547 $205,986.05
600126053 MATTHEWS,JACK,PATRICIA 550 STONEWOOD DRIVE VACAVILLE CA 95687 $49,929.19
600126058 GELDMACHER,DAVID 1428 W 1650 NORTH #16 LAYTON UT 84041 $127,848.32
600126061 LAM,JULIE 146 CAMELIA DRIVE DALY CITY CA 94015 $215,709.17
600126062 ROBLES,GERARDO, CRISTI 620 COLONEL PLACE SANTA BARBARA CA 93101 $207,627.10
600126063 LAMB,JOHN W, KATHLEE 159 ELLISVILLE ROAD PLYMOUTH MA 02360 $209,717.24
600126067 MOHR,DIANE 1001 COMMONWEALTH DR. KINGS BEACH CA 96143 $82,397.08
600126071 PERACHIOTTI,FRANK T. 1016 SECOND STREET NOVATO CA 94945 $179,792.12
600126072 BERGE,THOMAS, JUDY 809 SOUTH ATLANTIC BLVD ALHAMBRA CA 91803 $97,880.84
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126034 CHEN,TUNG,PAI 8.375 .250 8.125 .0400 8.085 01/01/2028
600126036 CERVANTES,LETICIA 8.875 .250 8.625 .0400 8.585 01/01/2028
600126038 MISAKA,RANDALL H. 7.750 .250 7.500 .0400 7.460 01/01/2028
600126043 TATUM,TOM,LUAYNE 8.625 .250 8.375 .0400 8.335 12/01/2027
600126046 GISOTTI,CONSTANTINO 8.375 .250 8.125 .0400 8.085 12/01/2027
600126049 JUN,YUN SOON 8.250 .250 8.000 .0400 7.960 12/01/2027
600126053 MATTHEWS,JACK,PATRICIA 7.750 .250 7.500 .0400 7.460 12/01/2027
600126058 GELDMACHER,DAVID 8.625 .250 8.375 .0400 8.335 12/01/2027
600126061 LAM,JULIE 8.000 .250 7.750 .0400 7.710 12/01/2027
600126062 ROBLES,GERARDO, CRISTI 8.125 .250 7.875 .0400 7.835 12/01/2027
600126063 LAMB,JOHN W, KATHLEE 8.000 .250 7.750 .0400 7.710 12/01/2027
600126067 MOHR,DIANE 8.375 .250 8.125 .0400 8.085 12/01/2027
600126071 PERACHIOTTI,FRANK T. 8.750 .250 8.500 .0400 8.460 12/01/2027
600126072 BERGE,THOMAS, JUDY 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126034 CHEN,TUNG,PAI 556828 $1,161.39 02/01/1998 360
600126036 CERVANTES,LETICIA 556852 $1,004.90 02/01/1998 360
600126038 MISAKA,RANDALL H. 556878 $651.94 02/01/1998 360
600126043 TATUM,TOM,LUAYNE 556965 $882.01 02/01/1998 360
600126046 GISOTTI,CONSTANTINO 556981 $1,147.71 02/01/1998 360
600126049 JUN,YUN SOON 557013 $1,549.49 02/01/1998 360
600126053 MATTHEWS,JACK,PATRICIA 557057 $358.21 02/01/1998 360
600126058 GELDMACHER,DAVID 557115 $995.57 02/01/1998 360
600126061 LAM,JULIE 557138 $1,584.93 02/01/1998 360
600126062 ROBLES,GERARDO, CRISTI 557145 $1,543.65 02/01/1998 360
600126063 LAMB,JOHN W, KATHLEE 557160 $1,540.91 02/01/1998 360
600126067 MOHR,DIANE 557208 $627.06 02/01/1998 360
600126071 PERACHIOTTI,FRANK T. 557298 $1,416.06 02/01/1998 360
600126072 BERGE,THOMAS, JUDY 557300 $753.54 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126034 CHEN,TUNG,PAI $191,000.00 N
600126036 CERVANTES,LETICIA $180,490.00 N
600126038 MISAKA,RANDALL H. $130,000.00 N
600126043 TATUM,TOM,LUAYNE $162,000.00 N
600126046 GISOTTI,CONSTANTINO $265,000.00 N
600126049 JUN,YUN SOON $275,000.00 N
600126053 MATTHEWS,JACK,PATRICIA $190,000.00 N
600126058 GELDMACHER,DAVID $225,000.00 N
600126061 LAM,JULIE $288,000.00 N
600126062 ROBLES,GERARDO, CRISTI $260,000.00 N
600126063 LAMB,JOHN W, KATHLEE $360,000.00 N
600126067 MOHR,DIANE $145,000.00 N
600126071 PERACHIOTTI,FRANK T. $400,000.00 N
600126072 BERGE,THOMAS, JUDY $140,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 98
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126073 MARTINEZ,MIGUEL, ROSA 3511 S.W. 139TH CT MIAMI FL 33175 $194,510.09
600126074 CASIMARO/SMITH,MARIA/CHAR 228 WILSON AVENUE EAST PROVIDENCE RI 02916 $74,904.02
600126076 BOUTER,RENE, FAY 5223 BEEMAN AVENUE LOS ANGELES (VA CA 91607 $176,140.45
600126080 TESCHNER,JAMES, CAROLYN 11731 GRAND BAY BLVD CLERMONT FL 34711 $79,912.27
600126082 MARTE,SANTO F. 96-22 35TH AVENUE FLUSHING NY 11368 $199,756.82
600126083 DEGREGORY,FRANCIS, JUDITH 3672 THOR AVENUE LOS ALAMITOS CA 90720 $171,090.83
600126086 HAIMES,GREGORY,LIZBETH 2383 MORNINGSIDE CIRCLE SANTA ROSA CA 95401 $147,815.37
600126087 LEAPER/LEAPER,PATRICK/DAR 711 NORTH STAR LOOP ANGELES CAMP CA 95222 $145,514.04
600126091 SILVERA,HOPETON,NEDDIE 5996 NW 19TH STREET SUNRISE FL 33313 $89,511.49
600126093 FRISK,STEVE 3447 RAMADA WAY SHINGLE SPRINGS CA 95682 $156,788.61
600126106 BURCHFIELD,CAROL 2749 CANARSY COURT HENDERSON NV 89012 $127,428.21
600126109 DARLEY,TODD,ANTONIA 4077 PRESIDIO DRIVE SIMI VALLEY CA 93063 $210,516.16
600126110 MENDEZ,ALFONSO, RUTH 4528 S.W. 143RD COURT MIAMI CA 33175 $59,930.71
600126114 ANDRADA,LILIBETH, GERAL 597 RHEIN COURT NEW MILFORD NJ 07646 $224,555.46
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126073 MARTINEZ,MIGUEL, ROSA 8.375 .250 8.125 .0400 8.085 12/01/2027
600126074 CASIMARO/SMITH,MARIA/CHAR 8.250 .250 8.000 .0400 7.960 12/01/2027
600126076 BOUTER,RENE, FAY 8.375 .250 8.125 .0400 8.085 01/01/2028
600126080 TESCHNER,JAMES, CAROLYN 9.000 .250 8.750 .0400 8.710 12/01/2027
600126082 MARTE,SANTO F. 8.500 .250 8.250 .0400 8.210 12/01/2027
600126083 DEGREGORY,FRANCIS, JUDITH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126086 HAIMES,GREGORY,LIZBETH 8.375 .250 8.125 .0400 8.085 12/01/2027
600126087 LEAPER/LEAPER,PATRICK/DAR 8.625 .250 8.375 .0400 8.335 01/01/2028
600126091 SILVERA,HOPETON,NEDDIE 9.500 .250 9.250 .0400 9.210 12/01/2027
600126093 FRISK,STEVE 8.000 .250 7.750 .0400 7.710 12/01/2027
600126106 BURCHFIELD,CAROL 8.000 .250 7.750 .0400 7.710 12/01/2027
600126109 DARLEY,TODD,ANTONIA 8.000 .250 7.750 .0400 7.710 12/01/2027
600126110 MENDEZ,ALFONSO, RUTH 8.750 .250 8.500 .0400 8.460 12/01/2027
600126114 ANDRADA,LILIBETH, GERAL 8.125 .250 7.875 .0400 7.835 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126073 MARTINEZ,MIGUEL, ROSA 557331 $1,482.14 02/01/1998 360
600126074 CASIMARO/SMITH,MARIA/CHAR 557335 $563.45 02/01/1998 360
600126076 BOUTER,RENE, FAY 557344 $1,339.63 02/01/1998 360
600126080 TESCHNER,JAMES, CAROLYN 557441 $643.70 02/01/1998 360
600126082 MARTE,SANTO F. 557446 $1,537.83 02/01/1998 360
600126083 DEGREGORY,FRANCIS, JUDITH 557518 $1,286.17 02/01/1998 360
600126086 HAIMES,GREGORY,LIZBETH 557687 $1,124.91 02/01/1998 360
600126087 LEAPER/LEAPER,PATRICK/DAR 557690 $1,132.46 02/01/1998 360
600126091 SILVERA,HOPETON,NEDDIE 557708 $753.41 02/01/1998 360
600126093 FRISK,STEVE 557712 $1,152.01 02/01/1998 360
600126106 BURCHFIELD,CAROL 557807 $936.28 02/01/1998 360
600126109 DARLEY,TODD,ANTONIA 557818 $1,546.78 02/01/1998 360
600126110 MENDEZ,ALFONSO, RUTH 557823 $472.02 02/01/1998 360
600126114 ANDRADA,LILIBETH, GERAL 557840 $1,670.62 7 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126073 MARTINEZ,MIGUEL, ROSA $266,000.00 N
600126074 CASIMARO/SMITH,MARIA/CHAR $100,000.00 N
600126076 BOUTER,RENE, FAY $235,000.00 N
600126080 TESCHNER,JAMES, CAROLYN $140,000.00 N
600126082 MARTE,SANTO F. $260,000.00 N
600126083 DEGREGORY,FRANCIS, JUDITH $214,000.00 N
600126086 HAIMES,GREGORY,LIZBETH $186,000.00 N
600126087 LEAPER/LEAPER,PATRICK/DAR $182,000.00 N
600126091 SILVERA,HOPETON,NEDDIE $112,000.00 N
600126093 FRISK,STEVE $214,488.00 N
600126106 BURCHFIELD,CAROL $159,552.00 N
600126109 DARLEY,TODD,ANTONIA $263,500.00 N
600126110 MENDEZ,ALFONSO, RUTH $85,714.00 N
600126114 ANDRADA,LILIBETH, GERAL $250,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 99
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126115 CHOI,OK/YOON 102 DANTON DRIVE CARY NC 27511 $219,758.76
600126117 CONDEMI,VALERIE 138 HONSLOW ROAD SHIRLEY NY 11967 $79,503.20
600126118 CZYZ,ANTHONY 105 STAR LAKE ROAD BLOOMINGDALE NJ 07403 $167,810.94
600126119 FRANCIS,BRUCE P 69 GARDEN COURT ROXBURY NJ 07876 $99,687.62
600126122 LEPE,JOSE/MARIA 1193 WHITMAN AVE CLAREMONT CA 91711 $179,714.12
600126123 O'SHEA,JOSEPHINE 5160 SW 40 AVENUE FT LAUDERDALE FL 33314 $37,956.10
600126124 OLIVER,MARINO, CAROLYN 4332 HAMROSE WAY SHINGLE SPRINGS CA 95682 $86,083.86
600126125 PAZOOKI,SIAVOOSH/GLORIA 12626 SE 59TH STREET BELLEVUE WA 98006 $215,730.54
600126126 PROCIW,ERNEST, CAROL 5275 S.E. MATOUSEK STREET STUART FL 34997 $78,209.57
600126127 ROSARIO,ARMANDO,SHEILA 35 HARDING AVENUE NORTH ARLINGTON NJ 07031 $202,166.25
600126128 ROSENTHAL,JEAN 11 QUAKER LANE LEVITTOWN NY 11756 $99,884.52
600126129 ROSENTHAL,JEAN 49 ELVES LANE LEVITTOWN NY 11756 $89,917.89
600126130 SERIO,MARC, THERESA 82 SUSQUEHANNA TRAIL BRANCHBURG NJ 08876 $191,789.45
600126131 VANELLA,BRUCE 10490 N.W. 6TH STREET PEMBROKE PINES FL 33026 $66,730.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126115 CHOI,OK/YOON 9.000 .250 8.750 .0400 8.710 12/01/2027
600126117 CONDEMI,VALERIE 8.500 .250 8.250 .0400 8.210 12/01/2027
600126118 CZYZ,ANTHONY 8.875 .250 8.625 .0400 8.585 12/01/2027
600126119 FRANCIS,BRUCE P 9.000 .250 8.750 .0400 8.710 12/01/2027
600126122 LEPE,JOSE/MARIA 8.500 .250 8.250 .0400 8.210 12/01/2027
600126123 O'SHEA,JOSEPHINE 8.750 .250 8.500 .0400 8.460 12/01/2027
600126124 OLIVER,MARINO, CAROLYN 8.250 .250 8.000 .0400 7.960 11/01/2027
600126125 PAZOOKI,SIAVOOSH/GLORIA 8.375 .250 8.125 .0400 8.085 12/01/2027
600126126 PROCIW,ERNEST, CAROL 8.750 .250 8.500 .0400 8.460 12/01/2027
600126127 ROSARIO,ARMANDO,SHEILA 8.750 .250 8.500 .0400 8.460 12/01/2027
600126128 ROSENTHAL,JEAN 8.750 .250 8.500 .0400 8.460 12/01/2027
600126129 ROSENTHAL,JEAN 9.875 .250 9.625 .0400 9.585 12/01/2027
600126130 SERIO,MARC, THERESA 9.000 .250 8.750 .0400 8.710 12/01/2027
600126131 VANELLA,BRUCE 9.250 .250 9.000 .0400 8.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126115 CHOI,OK/YOON 557847 $1,770.17 02/01/1998 360
600126117 CONDEMI,VALERIE 557850 $612.06 02/01/1998 360
600126118 CZYZ,ANTHONY 557851 $1,336.68 02/01/1998 360
600126119 FRANCIS,BRUCE P 557852 $803.01 02/01/1998 360
600126122 LEPE,JOSE/MARIA 557867 $1,384.04 02/01/1998 360
600126123 O'SHEA,JOSEPHINE 557869 $298.95 02/01/1998 360
600126124 OLIVER,MARINO, CAROLYN 557870 $647.97 02/01/1998 360
600126125 PAZOOKI,SIAVOOSH/GLORIA 557871 $1,641.76 02/01/1998 360
600126126 PROCIW,ERNEST, CAROL 557873 $615.99 02/01/1998 360
600126127 ROSARIO,ARMANDO,SHEILA 557876 $1,592.28 02/01/1998 360
600126128 ROSENTHAL,JEAN 557877 $786.70 02/01/1998 360
600126129 ROSENTHAL,JEAN 557878 $781.51 02/01/1998 360
600126130 SERIO,MARC, THERESA 557879 $1,544.88 02/01/1998 360
600126131 VANELLA,BRUCE 557887 $549.55 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126115 CHOI,OK/YOON $290,000.00 N
600126117 CONDEMI,VALERIE $99,500.00 N
600126118 CZYZ,ANTHONY $210,000.00 N
600126119 FRANCIS,BRUCE P $124,800.00 N
600126122 LEPE,JOSE/MARIA $225,000.00 N
600126123 O'SHEA,JOSEPHINE $47,500.00 N
600126124 OLIVER,MARINO, CAROLYN $115,000.00 N
600126125 PAZOOKI,SIAVOOSH/GLORIA $270,000.00 N
600126126 PROCIW,ERNEST, CAROL $97,900.00 N
600126127 ROSARIO,ARMANDO,SHEILA $253,000.00 N
600126128 ROSENTHAL,JEAN $147,000.00 N
600126129 ROSENTHAL,JEAN $150,000.00 N
600126130 SERIO,MARC, THERESA $240,000.00 N
600126131 VANELLA,BRUCE $83,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 100
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126132 WAY,NORMA 1501 N 69TH AVENUE HOLLYWOOD FL 33024 $58,933.60
600126133 WEISS,JOAN 2330 AGINCOURT ROAD TOMS RIVER NJ 08755 $139,846.49
600126134 WHITACRE,DONALD, JANICE 9726 167TH PLACE NORTH JUPITER FARMS FL 33478 $139,838.32
600126136 JOHNSON,RONALD,LAURA 1545 RAMBLEWOOD ROAD ALPINE CA 91901 $147,160.79
600126138 BROBECK,KEVIN,ROSEMARIE 3521 YORBA LINDA DRIVE LAS VEGAS NV 89122 $124,680.06
600126141 GLADE,BEVERLY 1516 SOUTH BEVERLY DRIVE LOS ANGELES CA 90035 $214,279.81
600126147 THORNE,ANDREW,LINDSLAY 14500 CARLSON COURT POWAY CA 92064 $156,655.04
600126150 DIERDORFF,MARY 3934 LA JOLLA VILLAGE DRI SAN DIEGO CA 92037 $152,705.03
600126153 MOURAD,KYORK,SONA 26006 VIA ORO LOMA LINDA CA 92354 $125,519.91
600126155 ESPOSO,WILLARD,EILEEN 6843 ADOBE VILLA AVENUE LAS VEGAS NV 89110 $210,169.29
600126157 SHERMAN,GREGORY 4152 FORIDA STREET SAN DIEGO CA 92104 $95,940.33
600126165 DIEFENDERFER,GARY,EMMA 1558 LAKE DRIVE ENCINITAS CA 92007 $120,914.60
600126166 DIEFENDERFER,GARY,EMME 1552 LAKE DRIVE ENCINITAS CA 92007 $113,919.54
600126168 ADHAMI,SHARON,SANDRA 4397 SWIFT AVENUE SAN DIEGO CA 92104 $69,561.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126132 WAY,NORMA 8.875 .250 8.625 .0400 8.585 12/01/2027
600126133 WEISS,JOAN 9.000 .250 8.750 .0400 8.710 12/01/2027
600126134 WHITACRE,DONALD, JANICE 8.750 .250 8.500 .0400 8.460 12/01/2027
600126136 JOHNSON,RONALD,LAURA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126138 BROBECK,KEVIN,ROSEMARIE 8.875 .250 8.625 .0400 8.585 01/01/2028
600126141 GLADE,BEVERLY 8.875 .250 8.625 .0400 8.585 01/01/2028
600126147 THORNE,ANDREW,LINDSLAY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126150 DIERDORFF,MARY 8.375 .250 8.125 .0400 8.085 01/01/2028
600126153 MOURAD,KYORK,SONA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126155 ESPOSO,WILLARD,EILEEN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126157 SHERMAN,GREGORY 8.375 .250 8.125 .0400 8.085 01/01/2028
600126165 DIEFENDERFER,GARY,EMMA 7.750 .250 7.500 .0400 7.460 01/01/2028
600126166 DIEFENDERFER,GARY,EMME 7.750 .250 7.500 .0400 7.460 01/01/2028
600126168 ADHAMI,SHARON,SANDRA 9.000 .250 8.750 .0400 8.710 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126132 WAY,NORMA 557891 $469.43 02/01/1998 360
600126133 WEISS,JOAN 557892 $1,126.47 02/01/1998 360
600126134 WHITACRE,DONALD, JANICE 557893 $1,101.38 02/01/1998 360
600126136 JOHNSON,RONALD,LAURA 557910 $1,132.23 2 02/01/1998 360
600126138 BROBECK,KEVIN,ROSEMARIE 557924 $992.57 2 02/01/1998 360
600126141 GLADE,BEVERLY 557945 $1,705.86 02/01/1998 360
600126147 THORNE,ANDREW,LINDSLAY 558012 $1,205.27 2 02/01/1998 360
600126150 DIERDORFF,MARY 558055 $1,161.39 02/01/1998 360
600126153 MOURAD,KYORK,SONA 558121 $943.59 02/01/1998 360
600126155 ESPOSO,WILLARD,EILEEN 558157 $1,598.43 02/01/1998 360
600126157 SHERMAN,GREGORY 558159 $729.67 02/01/1998 360
600126165 DIEFENDERFER,GARY,EMMA 558227 $866.86 02/01/1998 360
600126166 DIEFENDERFER,GARY,EMME 558228 $816.71 02/01/1998 360
600126168 ADHAMI,SHARON,SANDRA 558233 $560.02 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126132 WAY,NORMA $80,000.00 N
600126133 WEISS,JOAN $177,000.00 N
600126134 WHITACRE,DONALD, JANICE $175,000.00 N
600126136 JOHNSON,RONALD,LAURA $155,000.00 N
600126138 BROBECK,KEVIN,ROSEMARIE $131,334.00 N
600126141 GLADE,BEVERLY $268,000.00 N
600126147 THORNE,ANDREW,LINDSLAY $165,000.00 N
600126150 DIERDORFF,MARY $191,000.00 N
600126153 MOURAD,KYORK,SONA $157,000.00 N
600126155 ESPOSO,WILLARD,EILEEN $280,418.00 N
600126157 SHERMAN,GREGORY $120,000.00 N
600126165 DIEFENDERFER,GARY,EMMA $195,000.00 N
600126166 DIEFENDERFER,GARY,EMME $205,000.00 N
600126168 ADHAMI,SHARON,SANDRA $87,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 101
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126170 DAVEY,ROGER,DRUZELLA 6632 MACARTHUR DRIVE LEMON GROVE CA 91945 $155,903.04
600126171 DOAN,RICHARD,KELLY 177 STATE HIGHWAY 173 LAKE ARROWHEAD CA 92352 $134,913.92
600126172 NGUYEN,SON 10636 ESMERALDAS DRIVE SAN DIEGO CA 92124 $113,525.69
600126173 MORROW,GORDON 2121 EAST GRAND AVENUE ESCONDIDO CA 92027 $45,071.97
600126176 SANDERS,ALLAN,CASEY 139 FISH HATCHERY ROAD STORY WY 82842 $64,958.56
600126177 ROBLEDO,MYRIAM 6386 RANCHO MISSION ROAD SAN DIEGO CA 92108 $42,371.55
600126180 PELLETIER,JULIE,MICHAEL 460 AND 462 WEST 2ND STRE SAN JACINTO CA 92583 $41,377.39
600126181 NGUYEN/VO,BILL/SUA 623 SOLANO WAY REDLANDS CA 92374 $110,621.87
600126183 AKERS,PHILIP 9821 LA VID COURT LAS VEGAS NV 89117 $159,550.76
600126185 MARRA,WILLIAM,ELSA 602 FOX CHASE STREET HENDERSON NV 89015 $94,244.32
600126186 CAMPBELL,PATRICK 75308 KELSEY CIRCLE SOUTH PALM DESERT CA 92211 $60,262.52
600126187 LYON,JAY,MARGIE 9429 CARLTON HILLS BOULEV SANTEE CA 92071 $127,922.46
600126188 TJADEN,RICHARD,HELEN 1930 ALTA VISTA DRIVE VISTA CA 92084 $203,863.12
600126192 WATSON,JOHN,HEIDI 3343 VIA BARTOLO SAN DIEGO CA 92111 $164,905.07
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126170 DAVEY,ROGER,DRUZELLA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126171 DOAN,RICHARD,KELLY 8.250 .250 8.000 .0400 7.960 01/01/2028
600126172 NGUYEN,SON 8.125 .250 7.875 .0400 7.835 01/01/2028
600126173 MORROW,GORDON 8.375 .250 8.125 .0400 8.085 01/01/2028
600126176 SANDERS,ALLAN,CASEY 8.250 .250 8.000 .0400 7.960 01/01/2028
600126177 ROBLEDO,MYRIAM 8.000 .250 7.750 .0400 7.710 01/01/2028
600126180 PELLETIER,JULIE,MICHAEL 9.000 .250 8.750 .0400 8.710 01/01/2028
600126181 NGUYEN/VO,BILL/SUA 7.750 .250 7.500 .0400 7.460 01/01/2028
600126183 AKERS,PHILIP 8.375 .250 8.125 .0400 8.085 01/01/2028
600126185 MARRA,WILLIAM,ELSA 8.625 .250 8.375 .0400 8.335 01/01/2028
600126186 CAMPBELL,PATRICK 8.375 .250 8.125 .0400 8.085 01/01/2028
600126187 LYON,JAY,MARGIE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126188 TJADEN,RICHARD,HELEN 8.000 .250 7.750 .0400 7.710 01/01/2028
600126192 WATSON,JOHN,HEIDI 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126170 DAVEY,ROGER,DRUZELLA 558241 $1,185.71 2 02/01/1998 360
600126171 DOAN,RICHARD,KELLY 558242 $1,014.21 02/01/1998 360
600126172 NGUYEN,SON 558255 $843.48 02/01/1998 360
600126173 MORROW,GORDON 558259 $342.79 2 02/01/1998 360
600126176 SANDERS,ALLAN,CASEY 558268 $488.32 02/01/1998 360
600126177 ROBLEDO,MYRIAM 558270 $311.12 02/01/1998 360
600126180 PELLETIER,JULIE,MICHAEL 558285 $333.11 2 02/01/1998 360
600126181 NGUYEN/VO,BILL/SUA 558297 $793.07 2 02/01/1998 360
600126183 AKERS,PHILIP 558343 $1,213.46 2 02/01/1998 360
600126185 MARRA,WILLIAM,ELSA 558349 $733.46 02/01/1998 360
600126186 CAMPBELL,PATRICK 558351 $458.32 02/01/1998 360
600126187 LYON,JAY,MARGIE 558354 $984.21 02/01/1998 360
600126188 TJADEN,RICHARD,HELEN 558366 $1,496.88 02/01/1998 360
600126192 WATSON,JOHN,HEIDI 558390 $1,298.06 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126170 DAVEY,ROGER,DRUZELLA $165,000.00 N
600126171 DOAN,RICHARD,KELLY $275,000.00 N
600126172 NGUYEN,SON $142,000.00 N
600126173 MORROW,GORDON $47,500.00 N
600126176 SANDERS,ALLAN,CASEY $114,800.00 N
600126177 ROBLEDO,MYRIAM $53,000.00 N
600126180 PELLETIER,JULIE,MICHAEL $46,000.00 N
600126181 NGUYEN/VO,BILL/SUA $123,000.00 N
600126183 AKERS,PHILIP $168,067.00 N
600126185 MARRA,WILLIAM,ELSA $127,005.00 N
600126186 CAMPBELL,PATRICK $78,200.00 N
600126187 LYON,JAY,MARGIE $172,000.00 N
600126188 TJADEN,RICHARD,HELEN $255,000.00 N
600126192 WATSON,JOHN,HEIDI $220,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 102
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126193 NEHER,TED,DARLENE 14224 SILVER RIDGE ROAD POWAY CA 92064 $199,878.84
600126195 MURRAY,LARRY 3472 MOMENTUM COURT LAS VEGAS NV 89129 $115,381.84
600126202 VALDEZ,CORAZON,PRIMITI 4143 ZAVALA STREET LAS VEGAS NV 89103 $159,903.07
600126205 GOODE,GEORGE,SUZANNE 2200 NORTH KIMBERLEE ROAD TUCSON AZ 85749 $186,586.84
600126206 STEIN,GREGORY 1034-36 11TH STREET IMPERIAL BEACH CA 91932 $151,912.55
600126208 STEVENS,RICHARD,JILL 171 LADO DE LOMA DRIVE VISTA CA 92083 $151,508.16
600126211 MENDEZ,JAIRO,LUCILLA 39802 LAKEVIEW DRIVE BIG BEAR LAKE CA 92315 $103,526.88
600126212 FAULKNER,MARK,JUDI 1118 ARCADIA ROAD ENCINITAS CA 92024 $139,506.33
600126213 VAZQUEZ,DANIEL,DAWN 1872 LISA TERRACE EL CAJON CA 92021 $183,882.67
600126214 CASTELLANOS,JAVIER 6411 AND 6413 GARVANZA AV LOS ANGELES CA 90042 $111,127.26
600126215 KHANANESHO,HERMITZ 4662 NORTH KENNY WAY NORTH LAS VEGAS NV 89031 $170,896.41
600126216 LACAILLE,WILLIAM,AGNES 2075 9TH LANE BIG BEAR CITY CA 92314 $35,477.36
600126219 BROWN,THOMAS,STEPHANI 1430-1/2 OLIVER AVENUE SAN DIEGO CA 92109 $140,705.53
600126220 CASTAUEDA,TERESA 1261 CAMINO DEL SOL SAN MARCOS CA 92069 $123,423.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126193 NEHER,TED,DARLENE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126195 MURRAY,LARRY 8.625 .250 8.375 .0400 8.335 01/01/2028
600126202 VALDEZ,CORAZON,PRIMITI 8.500 .250 8.250 .0400 8.210 01/01/2028
600126205 GOODE,GEORGE,SUZANNE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126206 STEIN,GREGORY 8.750 .250 8.500 .0400 8.460 01/01/2028
600126208 STEVENS,RICHARD,JILL 8.500 .250 8.250 .0400 8.210 01/01/2028
600126211 MENDEZ,JAIRO,LUCILLA 7.750 .250 7.500 .0400 7.460 01/01/2028
600126212 FAULKNER,MARK,JUDI 8.000 .250 7.750 .0400 7.710 01/01/2028
600126213 VAZQUEZ,DANIEL,DAWN 8.250 .250 8.000 .0400 7.960 01/01/2028
600126214 CASTELLANOS,JAVIER 8.125 .250 7.875 .0400 7.835 01/01/2028
600126215 KHANANESHO,HERMITZ 8.500 .250 8.250 .0400 8.210 01/01/2028
600126216 LACAILLE,WILLIAM,AGNES 8.250 .250 8.000 .0400 7.960 01/01/2028
600126219 BROWN,THOMAS,STEPHANI 8.000 .250 7.750 .0400 7.710 01/01/2028
600126220 CASTAUEDA,TERESA 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126193 NEHER,TED,DARLENE 558392 $1,537.83 02/01/1998 360
600126195 MURRAY,LARRY 558411 $897.96 2 02/01/1998 360
600126202 VALDEZ,CORAZON,PRIMITI 558492 $1,230.26 02/01/1998 360
600126205 GOODE,GEORGE,SUZANNE 558500 $1,436.33 02/01/1998 360
600126206 STEIN,GREGORY 558501 $1,195.78 02/01/1998 360
600126208 STEVENS,RICHARD,JILL 558504 $1,165.67 02/01/1998 360
600126211 MENDEZ,JAIRO,LUCILLA 558527 $742.20 02/01/1998 360
600126212 FAULKNER,MARK,JUDI 558533 $1,024.34 02/01/1998 360
600126213 VAZQUEZ,DANIEL,DAWN 558535 $1,382.33 02/01/1998 360
600126214 CASTELLANOS,JAVIER 558545 $825.66 02/01/1998 360
600126215 KHANANESHO,HERMITZ 558555 $1,314.84 2 02/01/1998 360
600126216 LACAILLE,WILLIAM,AGNES 558563 $266.70 02/01/1998 360
600126219 BROWN,THOMAS,STEPHANI 558582 $1,033.14 02/01/1998 360
600126220 CASTAUEDA,TERESA 558584 $938.69 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126193 NEHER,TED,DARLENE $250,000.00 N
600126195 MURRAY,LARRY $128,290.00 N
600126202 VALDEZ,CORAZON,PRIMITI $200,000.00 N
600126205 GOODE,GEORGE,SUZANNE $280,000.00 N
600126206 STEIN,GREGORY $190,000.00 N
600126208 STEVENS,RICHARD,JILL $189,500.00 N
600126211 MENDEZ,JAIRO,LUCILLA $148,000.00 N
600126212 FAULKNER,MARK,JUDI $174,500.00 N
600126213 VAZQUEZ,DANIEL,DAWN $230,000.00 N
600126214 CASTELLANOS,JAVIER $139,000.00 N
600126215 KHANANESHO,HERMITZ $190,000.00 N
600126216 LACAILLE,WILLIAM,AGNES $49,000.00 N
600126219 BROWN,THOMAS,STEPHANI $176,000.00 N
600126220 CASTAUEDA,TERESA $130,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 103
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126221 MOFFAT,STEVEN 4090 ROSENDA COURT SAN DIEGO CA 92122 $86,202.89
600126222 MURRY,THOMAS 6171 RANCHO MISSION ROAD SAN DIEGO CA 92108 $65,359.35
600126223 HEDGECOCK/NOWRI,JEFFREY/L 135 SAWDAY ROAD RAMONA CA 92065 $116,170.00
600126226 CALL,KEVIN,CONSTANCE 1285 VALE TERRACE DRIVE VISTA CA 92084 $183,238.93
600126227 MALAPITAN,SUSANA 3652 CHARIETTE AVENUE ROSEMEAD CA 91770 $143,910.50
600126228 BARBATO,ANTUN,LISA 75147 LA CRESTA DRIVE PALM DESERT CA 92211 $139,910.73
600126229 ALONSO,JOSE,CARMEN 2017 SEQUOIA DRIVE BARSTOW CA 92311 $21,688.15
600126235 TABLER,CLAUDETTE 1142 RANCHO RYAN ROAD FALLBROOK CA 92028 $167,884.38
600126236 CULLINS,RICHARD 4658, 4660 LOTUS STREET SAN DIEGO CA 92107 $215,865.74
600126237 MAXWELL,GARY,MARY 35080 LOMA ROAD LAKE ELSINORE ( CA 92530 $81,443.91
600126238 ROSE,DAVE,DANIELLE 1912 TROPICAL BREEZE DRIV LAS VEGAS NV 89117 $179,876.13
600126241 NOBLE,MILDRED 5496 VILLAS DRIVE BONSALL CA 92003 $59,961.74
600126243 WELDIN,TERRY,PAMELA 3077 OLD BRIDGEPORT WAY SAN DIEGO CA 92111 $110,925.52
600126244 WELDIN,TERRY,PAMELA 3160 OLD HEATHER ROAD SAN DIEGO CA 92111 $167,881.43
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126221 MOFFAT,STEVEN 9.000 .250 8.750 .0400 8.710 01/01/2028
600126222 MURRY,THOMAS 8.375 .250 8.125 .0400 8.085 01/01/2028
600126223 HEDGECOCK/NOWRI,JEFFREY/L 7.875 .250 7.625 .0400 7.585 01/01/2028
600126226 CALL,KEVIN,CONSTANCE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126227 MALAPITAN,SUSANA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126228 BARBATO,ANTUN,LISA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126229 ALONSO,JOSE,CARMEN 9.000 .250 8.750 .0400 8.710 01/01/2028
600126235 TABLER,CLAUDETTE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126236 CULLINS,RICHARD 8.375 .250 8.125 .0400 8.085 01/01/2028
600126237 MAXWELL,GARY,MARY 7.875 .250 7.625 .0400 7.585 01/01/2028
600126238 ROSE,DAVE,DANIELLE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126241 NOBLE,MILDRED 8.250 .250 8.000 .0400 7.960 01/01/2028
600126243 WELDIN,TERRY,PAMELA 8.000 .250 7.750 .0400 7.710 01/01/2028
600126244 WELDIN,TERRY,PAMELA 7.750 .250 7.500 .0400 7.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126221 MOFFAT,STEVEN 558588 $693.99 02/01/1998 360
600126222 MURRY,THOMAS 558603 $497.09 02/01/1998 360
600126223 HEDGECOCK/NOWRI,JEFFREY/L 558604 $842.89 02/01/1998 360
600126226 CALL,KEVIN,CONSTANCE 558617 $1,409.80 2 02/01/1998 360
600126227 MALAPITAN,SUSANA 558618 $1,094.50 02/01/1998 360
600126228 BARBATO,ANTUN,LISA 558619 $1,051.77 02/01/1998 360
600126229 ALONSO,JOSE,CARMEN 558620 $174.60 02/01/1998 360
600126235 TABLER,CLAUDETTE 558662 $1,218.12 02/01/1998 360
600126236 CULLINS,RICHARD 558666 $1,641.76 02/01/1998 360
600126237 MAXWELL,GARY,MARY 558670 $590.93 02/01/1998 360
600126238 ROSE,DAVE,DANIELLE 558683 $1,305.12 02/01/1998 360
600126241 NOBLE,MILDRED 558701 $450.76 02/01/1998 360
600126243 WELDIN,TERRY,PAMELA 558703 $814.48 02/01/1998 360
600126244 WELDIN,TERRY,PAMELA 558704 $1,203.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126221 MOFFAT,STEVEN $115,000.00 N
600126222 MURRY,THOMAS $85,600.00 N
600126223 HEDGECOCK/NOWRI,JEFFREY/L $155,000.00 N
600126226 CALL,KEVIN,CONSTANCE $193,000.00 N
600126227 MALAPITAN,SUSANA $180,000.00 N
600126228 BARBATO,ANTUN,LISA $175,000.00 N
600126229 ALONSO,JOSE,CARMEN $31,000.00 N
600126235 TABLER,CLAUDETTE $210,000.00 N
600126236 CULLINS,RICHARD $270,000.00 N
600126237 MAXWELL,GARY,MARY $195,000.00 N
600126238 ROSE,DAVE,DANIELLE $225,000.00 N
600126241 NOBLE,MILDRED $160,000.00 N
600126243 WELDIN,TERRY,PAMELA $160,000.00 N
600126244 WELDIN,TERRY,PAMELA $210,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 104
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126245 RALSTON/LYNCH,STEPHEN/KER 565 CANYON DRIVE CHULA VISTA CA 91902 $207,956.79
600126249 ABERNATHY,LUCY 3212 NORTH MOUNTAIN VIEW SAN DIEGO CA 92116 $111,933.88
600126250 WEISS,EDITH 927 PARKBROOK STREET SPRING VALLEY CA 91977 $107,927.53
600126252 STRIEFF,ROBERT 243 POINSETTIA AVENUE VISTA CA 92083 $111,928.58
600126253 SMEAD,ROSEMARY 512 CRAGIN PARK DRIVE LAS VEGAS NV 89107 $133,397.96
600126257 DION,ROSALIE 1724 FAITH COURT NORTH EA ALBUQUERQUE NM 87112 $141,511.99
600126264 CHRISHNAYAH,MADRAY 1632 MINER AVENUE SAN PABLO CA 94806 $104,936.39
600126265 DIMON,THOMAS,REIKO 671 ASPEN CIRCLE OXNARD CA 93030 $164,900.04
600126266 SHAW,JUDITH 3018 & 3020 SHATTUCK AVEN BERKELEY CA 94705 $100,643.55
600126268 SKELTON,KIPP 4619 CAPAY DRIVE #2 SAN JOSE CA 95118 $94,438.18
600126271 YOUNG/TIOSECO,IGNATIUS/ED 3087 BARKLEY DRIVE RICHMOND CA 94806 $69,710.90
600126274 HOWELL,ROBERT,JOLENE 1111 PIEDMONT AVENUE PACIFIC GROVE CA 93950 $102,834.39
600126277 LEE,YONG 505 CYPRESS POINT DRIVE # MOUNTAIN VIEW CA 94043 $96,694.34
600126280 EDGERLY,NANCY 9013 RHODES AVENUE APTOS CA 95003 $219,870.11
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126245 RALSTON/LYNCH,STEPHEN/KER 7.875 .250 7.625 .0400 7.585 01/01/2028
600126249 ABERNATHY,LUCY 8.625 .250 8.375 .0400 8.335 01/01/2028
600126250 WEISS,EDITH 8.000 .250 7.750 .0400 7.710 01/01/2028
600126252 STRIEFF,ROBERT 8.250 .250 8.000 .0400 7.960 01/01/2028
600126253 SMEAD,ROSEMARY 8.375 .250 8.125 .0400 8.085 01/01/2028
600126257 DION,ROSALIE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126264 CHRISHNAYAH,MADRAY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126265 DIMON,THOMAS,REIKO 8.500 .250 8.250 .0400 8.210 01/01/2028
600126266 SHAW,JUDITH 8.875 .250 8.625 .0400 8.585 01/01/2028
600126268 SKELTON,KIPP 8.125 .250 7.875 .0400 7.835 01/01/2028
600126271 YOUNG/TIOSECO,IGNATIUS/ED 8.875 .250 8.625 .0400 8.585 01/01/2028
600126274 HOWELL,ROBERT,JOLENE 8.250 .250 8.000 .0400 7.960 01/01/2028
600126277 LEE,YONG 8.750 .250 8.500 .0400 8.460 01/01/2028
600126280 EDGERLY,NANCY 8.625 .250 8.375 .0400 8.335 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126245 RALSTON/LYNCH,STEPHEN/KER 558781 $1,508.87 02/01/1998 360
600126249 ABERNATHY,LUCY 558808 $871.12 02/01/1998 360
600126250 WEISS,EDITH 558814 $792.47 02/01/1998 360
600126252 STRIEFF,ROBERT 558830 $841.42 02/01/1998 360
600126253 SMEAD,ROSEMARY 558859 $1,015.46 2 02/01/1998 360
600126257 DION,ROSALIE 558884 $1,076.26 02/01/1998 360
600126264 CHRISHNAYAH,MADRAY 559070 $807.36 02/01/1998 360
600126265 DIMON,THOMAS,REIKO 559072 $1,268.71 02/01/1998 360
600126266 SHAW,JUDITH 559134 $801.21 02/01/1998 360
600126268 SKELTON,KIPP 559222 $701.66 02/01/1998 360
600126271 YOUNG/TIOSECO,IGNATIUS/ED 559298 $554.96 02/01/1998 360
600126274 HOWELL,ROBERT,JOLENE 559383 $773.05 02/01/1998 360
600126277 LEE,YONG 559426 $761.13 02/01/1998 360
600126280 EDGERLY,NANCY 559481 $1,711.14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126245 RALSTON/LYNCH,STEPHEN/KER $265,000.00 N
600126249 ABERNATHY,LUCY $140,000.00 N
600126250 WEISS,EDITH $135,000.00 N
600126252 STRIEFF,ROBERT $140,000.00 N
600126253 SMEAD,ROSEMARY $145,000.00 N
600126257 DION,ROSALIE $177,000.00 N
600126264 CHRISHNAYAH,MADRAY $140,000.00 N
600126265 DIMON,THOMAS,REIKO $222,000.00 N
600126266 SHAW,JUDITH $125,935.00 N
600126268 SKELTON,KIPP $126,000.00 N
600126271 YOUNG/TIOSECO,IGNATIUS/ED $93,000.00 N
600126274 HOWELL,ROBERT,JOLENE $147,000.00 N
600126277 LEE,YONG $129,000.00 N
600126280 EDGERLY,NANCY $280,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 105
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126282 MAU,MYRON 397 MONTECITO WAY MILPITAS CA 95035 $174,282.98
600126283 STEFANI,LARRY 2658 HAMPTON AVENUE REDWOOD CITY CA 94061 $169,891.60
600126285 TAYLOR,MARK 8579 LONGFORD WAY DUBLIN CA 94568 $154,301.54
600126286 BECKS,GELSOMINA 1173 SARATOGA AVENUE EAST PALO ALTO CA 94303 $104,933.05
600126288 CAMPUZANO/SHELE,ANSELMO,K 1084 LA BREA TERRACE UNION CITY CA 94587 $180,878.56
600126289 LEE,FRANKLIN,PEARL 837 OPAL DRIVE SAN JOSE CA 95117 $199,858.85
600126291 YU,LAI 67 LAKEWOOD DRIVE SAN FRANCISCO CA 94127 $199,862.36
600126293 WALLBRIDGE,GEORGINA 6690 BUGGYWHIP COURT SAN JOSE CA 95120 $188,682.65
600126297 TSENG,TINA 1207 39TH AVENUE SAN FRANCISCO CA 94122 $195,797.54
600126299 TOQUINTO,JEFF,LYN 26 SAN BENITO WAY NOVATO CA 94945 $217,464.75
600126300 KEEFER,PAUL 4201 TOMPKINS AVENUE OAKLAND CA 94619 $132,313.39
600126302 KNOCH/THOENI,HARRY/KRISTI 19101 CREEKSIDE PLACE SALINAS CA 93908 $137,714.35
600126308 REMMEL,ETHAN 109 BARTLETT STREET #401 SAN FRANCISCO CA 94110 $138,663.76
600126309 GARRETT,NANA 915 WEST LEXINGTON AVENUE POMONA CA 91766 $76,953.36
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126282 MAU,MYRON 8.000 .250 7.750 .0400 7.710 01/01/2028
600126283 STEFANI,LARRY 8.250 .250 8.000 .0400 7.960 01/01/2028
600126285 TAYLOR,MARK 8.250 .250 8.000 .0400 7.960 01/01/2028
600126286 BECKS,GELSOMINA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126288 CAMPUZANO/SHELE,ANSELMO,K 8.000 .250 7.750 .0400 7.710 01/01/2028
600126289 LEE,FRANKLIN,PEARL 7.750 .250 7.500 .0400 7.460 01/01/2028
600126291 YU,LAI 7.875 .250 7.625 .0400 7.585 01/01/2028
600126293 WALLBRIDGE,GEORGINA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126297 TSENG,TINA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126299 TOQUINTO,JEFF,LYN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126300 KEEFER,PAUL 8.125 .250 7.875 .0400 7.835 01/01/2028
600126302 KNOCH/THOENI,HARRY/KRISTI 8.375 .250 8.125 .0400 8.085 01/01/2028
600126308 REMMEL,ETHAN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126309 GARRETT,NANA 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126282 MAU,MYRON 559509 $1,279.69 02/01/1998 360
600126283 STEFANI,LARRY 559517 $1,277.15 02/01/1998 360
600126285 TAYLOR,MARK 559524 $1,159.96 02/01/1998 360
600126286 BECKS,GELSOMINA 559530 $788.83 02/01/1998 360
600126288 CAMPUZANO/SHELE,ANSELMO,K 559535 $1,328.11 02/01/1998 360
600126289 LEE,FRANKLIN,PEARL 559539 $1,432.82 02/01/1998 360
600126291 YU,LAI 559545 $1,450.14 02/01/1998 360
600126293 WALLBRIDGE,GEORGINA 559587 $1,435.02 02/01/1998 360
600126297 TSENG,TINA 559633 $1,529.54 02/01/1998 360
600126299 TOQUINTO,JEFF,LYN 559654 $1,653.92 02/01/1998 360
600126300 KEEFER,PAUL 559672 $983.07 02/01/1998 360
600126302 KNOCH/THOENI,HARRY/KRISTI 559694 $1,047.38 02/01/1998 360
600126308 REMMEL,ETHAN 559858 $1,054.60 02/01/1998 360
600126309 GARRETT,NANA 559912 $592.06 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126282 MAU,MYRON $218,000.00 N
600126283 STEFANI,LARRY $375,000.00 N
600126285 TAYLOR,MARK $193,000.00 N
600126286 BECKS,GELSOMINA $158,500.00 N
600126288 CAMPUZANO/SHELE,ANSELMO,K $241,355.00 N
600126289 LEE,FRANKLIN,PEARL $440,000.00 N
600126291 YU,LAI $350,000.00 N
600126293 WALLBRIDGE,GEORGINA $236,000.00 N
600126297 TSENG,TINA $320,000.00 N
600126299 TOQUINTO,JEFF,LYN $272,000.00 N
600126300 KEEFER,PAUL $165,500.00 N
600126302 KNOCH/THOENI,HARRY/KRISTI $183,750.00 N
600126308 REMMEL,ETHAN $185,000.00 N
600126309 GARRETT,NANA $110,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 106
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126313 EVANS,GEORGE,ANNIE 4340 NEOSHO AVENUE LOS ANGELES CA 90066 $205,808.24
600126314 WREN,PATRICK, 25132 CALLE ALONDRA LAKE FOREST CA 92630 $208,666.86
600126315 CLARE,DAVID, CORINNA 1339 SPAZIER AVENUE GLENDALE CA 91201 $217,354.06
600126317 EDMISTON,RALPH 39 SEABIRD COURT NEWPORT BEACH CA 92663 $111,926.73
600126318 SHAIKH/SHAIKH,M. YASIN/SH 5719 SORREL HILLS AVENUE CHINO HILLS CA 91709 $148,055.53
600126320 SMITH,DONALD 16705 GRAGMONT STREET COVINA AREA CA 91722 $121,224.60
600126321 RODELA,ALBERT 11743 EAST HEMLOCK STREET EL MONTE CA 91732 $111,930.39
600126326 BLYTH,BIANCA 3757 GREENWOOD AVENUE LOS ANGELES CA 90066 $195,881.26
600126330 WHITCRAFT/MCFAD,TISHA/DAV 6820 ENCINO AVENUE LOS ANGELES CA 91406 $92,348.19
600126332 ROMO,SCOTT,DENISE 10214 ODELL AVENUE LOS ANGELES CA 91040 $143,165.43
600126336 ZAMORA,RICHARD 1113 EAST FIRST STREET TUSTIN CA 92780 $95,938.78
600126337 ANDERSON,NORMA 8411 MILLBRIDGE CIRCLE HUNTINGTON BEAC CA 92646 $216,854.40
600126338 MARIN,JOSE,CLAUDIA 1526, 1528, 1530 EAST DEN LOS ANGELES CA 90744 $129,914.96
600126339 GUERRERO,EDUARDO,ELIZABH 3521 PATRICIA STREET WEST COVINA CA 91792 $139,617.52
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126313 EVANS,GEORGE,ANNIE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126314 WREN,PATRICK, 8.250 .250 8.000 .0400 7.960 01/01/2028
600126315 CLARE,DAVID, CORINNA 8.000 .250 7.750 .0400 7.710 01/01/2028
600126317 EDMISTON,RALPH 8.125 .250 7.875 .0400 7.835 01/01/2028
600126318 SHAIKH/SHAIKH,M. YASIN/SH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126320 SMITH,DONALD 8.375 .250 8.125 .0400 8.085 01/01/2028
600126321 RODELA,ALBERT 8.375 .250 8.125 .0400 8.085 01/01/2028
600126326 BLYTH,BIANCA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126330 WHITCRAFT/MCFAD,TISHA/DAV 8.875 .250 8.625 .0400 8.585 01/01/2028
600126332 ROMO,SCOTT,DENISE 8.625 .250 8.375 .0400 8.335 01/01/2028
600126336 ZAMORA,RICHARD 8.250 .250 8.000 .0400 7.960 01/01/2028
600126337 ANDERSON,NORMA 8.000 .250 7.750 .0400 7.710 01/01/2028
600126338 MARIN,JOSE,CLAUDIA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126339 GUERRERO,EDUARDO,ELIZABH 8.625 .250 8.375 .0400 8.335 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126313 EVANS,GEORGE,ANNIE 559940 $1,493.64 02/01/1998 360
600126314 WREN,PATRICK, 559942 $1,568.64 02/01/1998 360
600126315 CLARE,DAVID, CORINNA 559945 $1,595.94 02/01/1998 360
600126317 EDMISTON,RALPH 559954 $831.60 02/01/1998 360
600126318 SHAIKH/SHAIKH,M. YASIN/SH 559955 $1,113.00 02/01/1998 360
600126320 SMITH,DONALD 559971 $921.97 12 02/01/1998 360
600126321 RODELA,ALBERT 559987 $851.28 02/01/1998 360
600126326 BLYTH,BIANCA 560049 $1,507.07 02/01/1998 360
600126330 WHITCRAFT/MCFAD,TISHA/DAV 560082 $735.18 02/01/1998 360
600126332 ROMO,SCOTT,DENISE 560090 $1,114.18 02/01/1998 360
600126336 ZAMORA,RICHARD 560139 $721.22 02/01/1998 360
600126337 ANDERSON,NORMA 560149 $1,592.27 02/01/1998 360
600126338 MARIN,JOSE,CLAUDIA 560159 $965.25 02/01/1998 360
600126339 GUERRERO,EDUARDO,ELIZABH 560168 $1,086.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126313 EVANS,GEORGE,ANNIE $257,500.00 N
600126314 WREN,PATRICK, $261,000.00 N
600126315 CLARE,DAVID, CORINNA $290,000.00 N
600126317 EDMISTON,RALPH $140,000.00 N
600126318 SHAIKH/SHAIKH,M. YASIN/SH $185,216.00 N
600126320 SMITH,DONALD $135,000.00 N
600126321 RODELA,ALBERT $140,000.00 N
600126326 BLYTH,BIANCA $245,000.00 N
600126330 WHITCRAFT/MCFAD,TISHA/DAV $132,000.00 N
600126332 ROMO,SCOTT,DENISE $191,000.00 N
600126336 ZAMORA,RICHARD $120,000.00 N
600126337 ANDERSON,NORMA $297,000.00 N
600126338 MARIN,JOSE,CLAUDIA $174,000.00 N
600126339 GUERRERO,EDUARDO,ELIZABH $199,600.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 107
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126340 FADIGAN,WANDA 218 SOUTH AGATE STREET ANAHEIM CA 92804 $121,024.73
600126343 FALK,GREGORY 547 INDIANA AVENUE LOS ANGELES CA 90291 $89,945.48
600126345 NETOTEA/ILIESI,ERNA/MARGA 11512 MOSSLER STREET ANAHEIM AREA CA 92804 $86,316.62
600126347 YASHAR,FARHAD,AZADEH 1657 SOUTH CARMELINA AVEN LOS ANGELES CA 90025 $210,878.60
600126348 GILBERT,RONALD,MARILYN 2546 ORANGEWOOD PLACE SIMI VALLEY CA 93065 $167,884.38
600126349 DANG/VO,BILLY/DUNG 9440 LOTUS DRIVE WESTMINSTER CA 92683 $147,103.71
600126350 HICKS,LEROY 3420, 3422 & 3424 WEST FL LOS ANGELES CA 90043 $146,417.87
600126352 CULPEPPER,SUE, DONALD 6843 SHOSHONEE WAY BUENA PARK CA 90620 $135,921.76
600126353 QIQIEH,HAYEL 22903 VISTA DELGADO DRIVE SANTA CLARITA CA 91354 $143,908.18
600126355 BLUME,JOHN 12672 LAMPLIGHTER STREET GARDEN GROVE CA 92845 $162,291.04
600126356 BYRON,CARLYE 1720 WEST RIVERSIDE DRIVE BURBANK CA 91506 $226,259.28
600126357 NIEBLA,TOMAS 2504 SIWANOY DRIVE ALHAMBRA CA 91803 $201,477.87
600126360 RODGERS,FLORANCE 1933 SUNSET LANE FULLERTON CA 92833 $167,898.23
600126362 BRISSON,GERALD 23732 HILLHURST DRIVE LAGUNA NIGUEL CA 92677 $43,474.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126340 FADIGAN,WANDA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126343 FALK,GREGORY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126345 NETOTEA/ILIESI,ERNA/MARGA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126347 YASHAR,FARHAD,AZADEH 8.750 .250 8.500 .0400 8.460 01/01/2028
600126348 GILBERT,RONALD,MARILYN 7.875 .250 7.625 .0400 7.585 01/01/2028
600126349 DANG/VO,BILLY/DUNG 8.125 .250 7.875 .0400 7.835 01/01/2028
600126350 HICKS,LEROY 8.875 .250 8.625 .0400 8.585 01/01/2028
600126352 CULPEPPER,SUE, DONALD 8.750 .250 8.500 .0400 8.460 01/01/2028
600126353 QIQIEH,HAYEL 8.250 .250 8.000 .0400 7.960 01/01/2028
600126355 BLUME,JOHN 8.000 .250 7.750 .0400 7.710 01/01/2028
600126356 BYRON,CARLYE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126357 NIEBLA,TOMAS 8.500 .250 8.250 .0400 8.210 01/01/2028
600126360 RODGERS,FLORANCE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126362 BRISSON,GERALD 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126340 FADIGAN,WANDA 560171 $920.45 02/01/1998 360
600126343 FALK,GREGORY 560207 $692.02 2 02/01/1998 360
600126345 NETOTEA/ILIESI,ERNA/MARGA 560256 $645.97 02/01/1998 360
600126347 YASHAR,FARHAD,AZADEH 560279 $1,659.94 02/01/1998 360
600126348 GILBERT,RONALD,MARILYN 560287 $1,218.12 02/01/1998 360
600126349 DANG/VO,BILLY/DUNG 560299 $1,092.96 02/01/1998 360
600126350 HICKS,LEROY 560304 $1,165.62 02/01/1998 360
600126352 CULPEPPER,SUE, DONALD 560335 $1,069.91 02/01/1998 360
600126353 QIQIEH,HAYEL 560342 $1,081.82 02/01/1998 360
600126355 BLUME,JOHN 560371 $1,191.63 02/01/1998 360
600126356 BYRON,CARLYE 560372 $1,720.80 02/01/1998 360
600126357 NIEBLA,TOMAS 560377 $1,550.13 02/01/1998 360
600126360 RODGERS,FLORANCE 560427 $1,291.77 02/01/1998 360
600126362 BRISSON,GERALD 560466 $342.21 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126340 FADIGAN,WANDA $173,000.00 N
600126343 FALK,GREGORY $100,000.00 N
600126345 NETOTEA/ILIESI,ERNA/MARGA $148,000.00 N
600126347 YASHAR,FARHAD,AZADEH $264,000.00 N
600126348 GILBERT,RONALD,MARILYN $210,000.00 N
600126349 DANG/VO,BILLY/DUNG $184,000.00 N
600126350 HICKS,LEROY $200,000.00 N
600126352 CULPEPPER,SUE, DONALD $170,000.00 N
600126353 QIQIEH,HAYEL $180,000.00 N
600126355 BLUME,JOHN $203,000.00 N
600126356 BYRON,CARLYE $283,000.00 N
600126357 NIEBLA,TOMAS $252,000.00 N
600126360 RODGERS,FLORANCE $210,000.00 N
600126362 BRISSON,GERALD $58,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 108
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126363 BRISSON,GERALD 34026 SELVA ROAD DANA POINT CA 92629 $70,649.96
600126365 REICH,STEVEN,CLAUDIA 3247 GINKO COURT THOUSAND OAKS CA 91360 $84,944.40
600126366 DENIZ,MANUEL,PAULA 10835 ANDY STREET CERRITOS CA 90703 $79,944.94
600126367 KECK,TRUDI 11490 CUMPSTON STREET LOS ANGELES CA 91601 $134,320.65
600126371 WONG,ANN 217 NORTH HIDALGO AVENUE ALHAMBRA CA 91801 $139,923.53
600126373 MILLER,PEGGY 1046 CORTE DESCANSO SANTA PAULA CA 93060 $165,649.59
600126375 MURO,LAWRENCE,JANINE 101 STADIUM AVENUE SAN BUENAVENTUR CA 93003 $172,686.96
600126377 JENSEN,CRAIG, HOPE 4425 CERRITOS AVENUE LONG BEACH CA 90807 $199,362.71
600126378 FAW,DUANE,LUCILE 428 NORTH SYRACUSE STREET ANAHEIM CA 92801 $95,638.98
600126380 WASHINGTON,ANITA 3421 OLIVE AVENUE LONG BEACH CA 90807 $142,302.00
600126382 PFEFER,MAX, PHYLLIS 24811 EAST DALKE AVENUE OTIS ORCHARDS WA 99027 $135,917.61
600126383 WELLS,RICK,IRENE 14370 RHODA LANE NORTHWES SEABECK WA 98380 $122,423.86
600126385 MOSTOFI,BEHZAD, PAMELA 1335 NORTHWEST SHERMAN HI POULSBO WA 98370 $176,134.71
600126386 BOERGER,CHRISTOPHER,ANN 425 GARFIELD BAY ROAD SAGLE ID 83860 $107,939.45
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126363 BRISSON,GERALD 8.750 .250 8.500 .0400 8.460 01/01/2028
600126365 REICH,STEVEN,CLAUDIA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126366 DENIZ,MANUEL,PAULA 7.875 .250 7.625 .0400 7.585 01/01/2028
600126367 KECK,TRUDI 8.625 .250 8.375 .0400 8.335 01/01/2028
600126371 WONG,ANN 9.000 .250 8.750 .0400 8.710 01/01/2028
600126373 MILLER,PEGGY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126375 MURO,LAWRENCE,JANINE 8.125 .250 7.875 .0400 7.835 01/01/2028
600126377 JENSEN,CRAIG, HOPE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126378 FAW,DUANE,LUCILE 8.250 .250 8.000 .0400 7.960 01/01/2028
600126380 WASHINGTON,ANITA 7.875 .250 7.625 .0400 7.585 01/01/2028
600126382 PFEFER,MAX, PHYLLIS 8.500 .250 8.250 .0400 8.210 01/01/2028
600126383 WELLS,RICK,IRENE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126385 MOSTOFI,BEHZAD, PAMELA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126386 BOERGER,CHRISTOPHER,ANN 8.875 .250 8.625 .0400 8.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126363 BRISSON,GERALD 560467 $575.08 02/01/1998 360
600126365 REICH,STEVEN,CLAUDIA 560496 $631.12 02/01/1998 360
600126366 DENIZ,MANUEL,PAULA 560510 $580.06 02/01/1998 360
600126367 KECK,TRUDI 560513 $1,045.35 02/01/1998 360
600126371 WONG,ANN 560544 $1,126.47 02/01/1998 360
600126373 MILLER,PEGGY 560601 $1,274.47 02/01/1998 360
600126375 MURO,LAWRENCE,JANINE 560858 $1,283.04 02/01/1998 360
600126377 JENSEN,CRAIG, HOPE 560866 $1,446.51 02/01/1998 360
600126378 FAW,DUANE,LUCILE 560870 $718.96 02/01/1998 360
600126380 WASHINGTON,ANITA 560891 $1,032.50 02/01/1998 360
600126382 PFEFER,MAX, PHYLLIS 560903 $1,045.72 02/01/1998 360
600126383 WELLS,RICK,IRENE 560905 $931.09 02/01/1998 360
600126385 MOSTOFI,BEHZAD, PAMELA 560926 $1,308.65 02/01/1998 360
600126386 BOERGER,CHRISTOPHER,ANN 560928 $859.30 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126363 BRISSON,GERALD $97,500.00 N
600126365 REICH,STEVEN,CLAUDIA $263,000.00 N
600126366 DENIZ,MANUEL,PAULA $200,000.00 N
600126367 KECK,TRUDI $168,000.00 N
600126371 WONG,ANN $200,000.00 N
600126373 MILLER,PEGGY $205,000.00 N
600126375 MURO,LAWRENCE,JANINE $216,000.00 N
600126377 JENSEN,CRAIG, HOPE $255,000.00 N
600126378 FAW,DUANE,LUCILE $145,000.00 N
600126380 WASHINGTON,ANITA $189,900.00 N
600126382 PFEFER,MAX, PHYLLIS $170,000.00 N
600126383 WELLS,RICK,IRENE $175,000.00 N
600126385 MOSTOFI,BEHZAD, PAMELA $235,000.00 N
600126386 BOERGER,CHRISTOPHER,ANN $140,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 109
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126387 FRY,STEVEN, SHERYL 328 CRAIG ROAD SEQUIM WA 98382 $98,935.24
600126388 PASSLER,HELEN G. 21837 244TH AVENUE SOUTHE MAPLE VALLEY WA 98038 $75,950.28
600126390 BALDWIN-HALBE,SHERRILL V. 9754 COUGAR DRIVE BOZEMAN MT 59718 $127,920.44
600126391 MORAN/HANNO-MOR,RICHARD/P 10624 6TH AVENUE SOUTHWES SEATTLE WA 98146 $187,394.89
600126394 LEWEY,DOUGLAS 304 EAST 23RD AVENUE POST FALLS ID 83854 $76,454.83
600126395 LAPLANTE,LINDA 1247 COTTAGE STREET SOUTH EPHRATA WA 98823 $38,974.49
600126396 REDIFER,CINDY L. 508 SOUTH CALIFORNIA STRE HELENA MT 59601 $107,931.13
600126398 MASTROBATTISTA,FRANK,MAUR 7539 1ST AVENUE NORTHEAST SEATTLE WA 98115 $187,083.64
600126403 SPROAT,STEVEN L. 14004 139TH STREET COURT GIG HARBOR WA 98329 $63,959.19
600126406 KRAUTHAMER/ALDR,ROBERT, D 3851 NORTHEAST 89TH STREE SEATTLE WA 98115 $157,499.50
600126407 GATES,CHARLES,LINDA 8717 EAST MEADOW LAKE DRI SNOHOMISH WA 98290 $183,894.14
600126409 MURRELL,UN CHA,JOSEPH 4432 NORTHEAST 17TH STREE RENTON WA 98059 $104,934.73
600126410 HAMILTON/WILDE,ERIC/DONAL 1453 SOUTHWEST 149TH STRE BURIEN WA 98166 $111,277.16
600126416 TATE,DENNIS, TERI 1222 DEWSNUP AVENUE GRIDLEY CA 95948 $63,663.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126387 FRY,STEVEN, SHERYL 8.125 .250 7.875 .0400 7.835 01/01/2028
600126388 PASSLER,HELEN G. 8.125 .250 7.875 .0400 7.835 01/01/2028
600126390 BALDWIN-HALBE,SHERRILL V. 8.375 .250 8.125 .0400 8.085 01/01/2028
600126391 MORAN/HANNO-MOR,RICHARD/P 8.875 .250 8.625 .0400 8.585 01/01/2028
600126394 LEWEY,DOUGLAS 8.625 .250 8.375 .0400 8.335 01/01/2028
600126395 LAPLANTE,LINDA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126396 REDIFER,CINDY L. 8.250 .250 8.000 .0400 7.960 01/01/2028
600126398 MASTROBATTISTA,FRANK,MAUR 8.375 .250 8.125 .0400 8.085 01/01/2028
600126403 SPROAT,STEVEN L. 8.250 .250 8.000 .0400 7.960 01/01/2028
600126406 KRAUTHAMER/ALDR,ROBERT, D 8.250 .250 8.000 .0400 7.960 01/01/2028
600126407 GATES,CHARLES,LINDA 8.750 .250 8.500 .0400 8.460 01/01/2028
600126409 MURRELL,UN CHA,JOSEPH 8.375 .250 8.125 .0400 8.085 01/01/2028
600126410 HAMILTON/WILDE,ERIC/DONAL 8.125 .250 7.875 .0400 7.835 01/01/2028
600126416 TATE,DENNIS, TERI 8.750 .250 8.500 .0400 8.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126387 FRY,STEVEN, SHERYL 560937 $735.07 02/01/1998 360
600126388 PASSLER,HELEN G. 560941 $564.30 02/01/1998 360
600126390 BALDWIN-HALBE,SHERRILL V. 560948 $972.89 02/01/1998 360
600126391 MORAN/HANNO-MOR,RICHARD/P 560954 $1,491.83 02/01/1998 360
600126394 LEWEY,DOUGLAS 560962 $595.01 02/01/1998 360
600126395 LAPLANTE,LINDA 560969 $300.51 02/01/1998 360
600126396 REDIFER,CINDY L. 560980 $811.37 02/01/1998 360
600126398 MASTROBATTISTA,FRANK,MAUR 560997 $1,422.86 02/01/1998 360
600126403 SPROAT,STEVEN L. 561033 $480.81 02/01/1998 360
600126406 KRAUTHAMER/ALDR,ROBERT, D 561047 $1,184.00 02/01/1998 360
600126407 GATES,CHARLES,LINDA 561068 $1,447.53 02/01/1998 360
600126409 MURRELL,UN CHA,JOSEPH 561094 $798.08 02/01/1998 360
600126410 HAMILTON/WILDE,ERIC/DONAL 561096 $826.77 02/01/1998 360
600126416 TATE,DENNIS, TERI 561137 $501.13 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126387 FRY,STEVEN, SHERYL $135,000.00 N
600126388 PASSLER,HELEN G. $141,000.00 N
600126390 BALDWIN-HALBE,SHERRILL V. $160,000.00 N
600126391 MORAN/HANNO-MOR,RICHARD/P $250,000.00 N
600126394 LEWEY,DOUGLAS $90,000.00 N
600126395 LAPLANTE,LINDA $53,000.00 N
600126396 REDIFER,CINDY L. $135,000.00 N
600126398 MASTROBATTISTA,FRANK,MAUR $234,000.00 N
600126403 SPROAT,STEVEN L. $80,000.00 N
600126406 KRAUTHAMER/ALDR,ROBERT, D $197,000.00 N
600126407 GATES,CHARLES,LINDA $230,000.00 N
600126409 MURRELL,UN CHA,JOSEPH $150,000.00 N
600126410 HAMILTON/WILDE,ERIC/DONAL $148,500.00 N
600126416 TATE,DENNIS, TERI $91,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 110
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126417 KLEE,WERNER,KATHLEEN 627 BOISTFORT ROAD CURTIS WA 98538 $104,941.13
600126419 ULLAND,SCOTT,CAROL 128 EAST WYNOT DRIVE NINE MILE FALLS WA 99026 $89,939.61
600126422 SHERPA,LEE 222 EAST GARDEN AVENUE COEUR D'ALENE ID 83814 $94,739.55
600126423 AZADAN,SORAYA 4635 ALONSO COURT FREMONT CA 94555 $193,882.48
600126424 LOMELI,ANTONIO,BERTHA 4213 HERMOSA COURT ROHNERT PARK CA 94928 $191,827.60
600126425 ROSALES,RAMON,LAURA 2013 HURAN DRIVE SAN JOSE CA 95122 $139,898.67
600126426 HERWIG,MANZAR 125 CONNEMARA WAY #91 SUNNYVALE CA 94087 $171,501.27
600126428 HENDESSI,MOHAMMAD,ROXANA 8830 LAKE NIMBUS DRIVE FAIR OAKS CA 95628 $93,941.57
600126431 STARK,SEAN 16738 SAN LUIS WAY MORGAN HILL CA 95037 $183,785.70
600126433 ENGMAN,PATRICIA 9340 ZAMBRA WAY SACRAMENTO CA 95826 $87,946.69
600126436 BRUCE,MICHAEL,YVONNE 565 LORI DRIVE BENICIA CA 94510 $101,240.19
600126437 KOZAK,ROBERT,JACQUELI 3511 JAMISON WAY CASTRO VALLEY CA 94546 $157,409.39
600126438 THAO/LEE,SHOUA/YEE 2231 SEVENTH STREET ATWATER CA 95301 $91,942.81
600126440 SCHWALM,MICHAEL,LINDA 18339 LAKE FOREST DRIVE PENN VALLEY CA 95946 $58,468.05
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126417 KLEE,WERNER,KATHLEEN 8.875 .250 8.625 .0400 8.585 01/01/2028
600126419 ULLAND,SCOTT,CAROL 8.000 .250 7.750 .0400 7.710 01/01/2028
600126422 SHERPA,LEE 8.250 .250 8.000 .0400 7.960 01/01/2028
600126423 AZADAN,SORAYA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126424 LOMELI,ANTONIO,BERTHA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126425 ROSALES,RAMON,LAURA 7.625 .250 7.375 .0400 7.335 01/01/2028
600126426 HERWIG,MANZAR 8.750 .250 8.500 .0400 8.460 01/01/2028
600126428 HENDESSI,MOHAMMAD,ROXANA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126431 STARK,SEAN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126433 ENGMAN,PATRICIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126436 BRUCE,MICHAEL,YVONNE 8.625 .250 8.375 .0400 8.335 01/01/2028
600126437 KOZAK,ROBERT,JACQUELI 8.750 .250 8.500 .0400 8.460 01/01/2028
600126438 THAO/LEE,SHOUA/YEE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126440 SCHWALM,MICHAEL,LINDA 9.000 .250 8.750 .0400 8.710 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126417 KLEE,WERNER,KATHLEEN 561138 $835.43 02/01/1998 360
600126419 ULLAND,SCOTT,CAROL 561178 $660.39 02/01/1998 360
600126422 SHERPA,LEE 561876 $712.20 02/01/1998 360
600126423 AZADAN,SORAYA 562904 $1,491.69 02/01/1998 360
600126424 LOMELI,ANTONIO,BERTHA 562916 $1,442.06 02/01/1998 360
600126425 ROSALES,RAMON,LAURA 562942 $990.91 02/01/1998 360
600126426 HERWIG,MANZAR 562958 $1,349.98 02/01/1998 360
600126428 HENDESSI,MOHAMMAD,ROXANA 562993 $714.47 02/01/1998 360
600126431 STARK,SEAN 563013 $1,397.77 02/01/1998 360
600126433 ENGMAN,PATRICIA 563063 $676.64 02/01/1998 360
600126436 BRUCE,MICHAEL,YVONNE 563090 $787.90 12 02/01/1998 360
600126437 KOZAK,ROBERT,JACQUELI 563091 $1,239.05 02/01/1998 360
600126438 THAO/LEE,SHOUA/YEE 563094 $699.27 02/01/1998 360
600126440 SCHWALM,MICHAEL,LINDA 563133 $470.70 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126417 KLEE,WERNER,KATHLEEN $150,000.00 N
600126419 ULLAND,SCOTT,CAROL $120,000.00 N
600126422 SHERPA,LEE $118,500.00 N
600126423 AZADAN,SORAYA $256,000.00 N
600126424 LOMELI,ANTONIO,BERTHA $239,950.00 N
600126425 ROSALES,RAMON,LAURA $175,000.00 N
600126426 HERWIG,MANZAR $214,500.00 N
600126428 HENDESSI,MOHAMMAD,ROXANA $117,500.00 N
600126431 STARK,SEAN $229,900.00 N
600126433 ENGMAN,PATRICIA $110,000.00 N
600126436 BRUCE,MICHAEL,YVONNE $112,600.00 N
600126437 KOZAK,ROBERT,JACQUELI $210,000.00 N
600126438 THAO/LEE,SHOUA/YEE $115,000.00 N
600126440 SCHWALM,MICHAEL,LINDA $78,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 111
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126442 STAGG,BLUM-STAG,FRED,MICH 37 DOGWOOD COURT NOVATO CA 94947 $167,084.93
600126443 COTTER/MCARTHY,JOHN/BERNA 3336 BRITTAN AVENUE, #1 SAN CARLOS CA 94070 $219,859.71
600126444 PIGRAM,RONALD 6 HAWTHORNE COURT FAIRFAX CA 94930 $179,876.13
600126450 GOHARI,AZAR 263 CALLIOPE DRIVE HENDERSON NV 89104 $107,934.57
600126453 MAYS,KEVIN,ROSALIA 7175 PINTAIL DRIVE CARLSBAD CA 92009 $212,214.60
600126456 TUCKER,REATHA 4808 DOLIVA DRIVE SAN DIEGO CA 92117 $49,968.12
600126457 LEFFLER,WILLIAM 613 FOX CHASE STREET HENDERSON NV 89015 $30,077.65
600126458 TOEBE,KATHLEEN 5305 WIND PRAIRIE STREET LAS VEGAS NV 89130 $135,813.34
600126460 THOM,MARY 4714 & 4716 SARATOGA AVEN SAN DIEGO CA 92109 $159,900.55
600126461 MCCUNE,ALLAN, MOLLY 1546 MADRID DRIVE VISTA CA 92083 $146,146.78
600126462 CLARK,CAROLYN 43719 YOSEMITE DRIVE BIG BEAR LAKE CA 92315 $53,964.68
600126465 MCCLENDON,JAMES,ROSE 4556 COVE DRIVE CARLSBAD CA 92008 $209,872.78
600126466 NEVAREZ,REYNALDO,GRACIE 2532 ELLIS STREET NORTH LAS VEGAS NV 89030 $106,341.88
600126467 GUARINI,JOHN,BRENDA 1601 KENYON PLACE LAS VEGAS NV 89106 $186,895.16
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126442 STAGG,BLUM-STAG,FRED,MICH 7.875 .250 7.625 .0400 7.585 01/01/2028
600126443 COTTER/MCARTHY,JOHN/BERNA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126444 PIGRAM,RONALD 7.875 .250 7.625 .0400 7.585 01/01/2028
600126450 GOHARI,AZAR 8.500 .250 8.250 .0400 8.210 01/01/2028
600126453 MAYS,KEVIN,ROSALIA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126456 TUCKER,REATHA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126457 LEFFLER,WILLIAM 8.750 .250 8.500 .0400 8.460 01/01/2028
600126458 TOEBE,KATHLEEN 8.250 .250 8.000 .0400 7.960 01/01/2028
600126460 THOM,MARY 8.375 .250 8.125 .0400 8.085 01/01/2028
600126461 MCCUNE,ALLAN, MOLLY 7.750 .250 7.500 .0400 7.460 01/01/2028
600126462 CLARK,CAROLYN 8.125 .250 7.875 .0400 7.835 01/01/2028
600126465 MCCLENDON,JAMES,ROSE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126466 NEVAREZ,REYNALDO,GRACIE 9.000 .250 8.750 .0400 8.710 01/01/2028
600126467 GUARINI,JOHN,BRENDA 8.875 .250 8.625 .0400 8.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126442 STAGG,BLUM-STAG,FRED,MICH 563148 $1,212.32 02/01/1998 360
600126443 COTTER/MCARTHY,JOHN/BERNA 563183 $1,652.79 02/01/1998 360
600126444 PIGRAM,RONALD 563195 $1,305.12 02/01/1998 360
600126450 GOHARI,AZAR 565908 $830.43 02/01/1998 360
600126453 MAYS,KEVIN,ROSALIA 565921 $1,595.31 02/01/1998 360
600126456 TUCKER,REATHA 565971 $375.63 02/01/1998 360
600126457 LEFFLER,WILLIAM 565977 $237.19 02/01/1998 360
600126458 TOEBE,KATHLEEN 565995 $1,020.97 2 02/01/1998 360
600126460 THOM,MARY 566008 $1,216.12 02/01/1998 360
600126461 MCCUNE,ALLAN, MOLLY 566010 $1,047.75 02/01/1998 360
600126462 CLARK,CAROLYN 566016 $400.95 02/01/1998 360
600126465 MCCLENDON,JAMES,ROSE 566043 $1,614.72 02/01/1998 360
600126466 NEVAREZ,REYNALDO,GRACIE 566045 $856.12 02/01/1998 360
600126467 GUARINI,JOHN,BRENDA 566047 $1,487.86 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126442 STAGG,BLUM-STAG,FRED,MICH $209,000.00 N
600126443 COTTER/MCARTHY,JOHN/BERNA $275,000.00 N
600126444 PIGRAM,RONALD $275,000.00 N
600126450 GOHARI,AZAR $135,000.00 N
600126453 MAYS,KEVIN,ROSALIA $265,486.00 N
600126456 TUCKER,REATHA $159,000.00 N
600126457 LEFFLER,WILLIAM $134,212.00 N
600126458 TOEBE,KATHLEEN $151,000.00 N
600126460 THOM,MARY $202,000.00 N
600126461 MCCUNE,ALLAN, MOLLY $195,000.00 N
600126462 CLARK,CAROLYN $67,500.00 N
600126465 MCCLENDON,JAMES,ROSE $280,000.00 N
600126466 NEVAREZ,REYNALDO,GRACIE $133,000.00 N
600126467 GUARINI,JOHN,BRENDA $220,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 112
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126468 ATTEBURY,CRAIG 1160 EL ALAMEDA PALM SPRINGS CA 92262 $214,869.76
600126469 CANDELORE,MILDRED 1135 & 1141 26TH STREET SAN DIEGO CA 92102 $69,311.12
600126471 OSTLER,CARL,ALYCE 3888 RIVIERA DRIVE #401 SAN DIEGO CA 92109 $195,868.49
600126472 BARRY,CHARLES,ELLEN 40550 CLARK DRIVE HEMET CA 92544 $62,357.06
600126473 KREMER,JAY,GLORIA 1667 AVENIDA SELVA FULLERTON CA 92833 $99,939.42
600126475 JOHNSTONE,KEVIN,KATHLEEN 5134 WISTERIA DRIVE OCEANSIDE CA 92056 $206,953.83
600126476 HILL/RIVERA,WANDA/DAVID 8611 HARJOAN AVENUE SAN DIEGO CA 92123 $143,900.90
600126478 ABELY,DONNA 1666 CEANOTHUS COURT CARLSBAD CA 92009 $211,718.33
600126480 GLEASON,HENRIETTA 2240 HUTCHISON STREET VISTA CA 92084 $171,693.22
600126481 FORD,DOLORES 862 RAMONA AVENUE SPRING VALLEY CA 91977 $62,960.84
600126484 RODGERS,MELISSA 8137 BACKPACKER COURT LAS VEGAS NV 89131 $116,377.62
600126486 BUCHHAUSER,JOHN,RENEE 3725 OLEANDER DRIVE SAN DIEGO CA 92106 $179,876.13
600126487 BLACKWELL,JAMES,JACKIE 5249 NORTH SIERRA MESA RO SAN BERNARDINO CA 92407 $119,821.57
600126489 SELMAN,ROBERT,MARY 1364 PILLSBURY LANE EL CAJON CA 92020 $215,858.71
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126468 ATTEBURY,CRAIG 8.500 .250 8.250 .0400 8.210 01/01/2028
600126469 CANDELORE,MILDRED 8.875 .250 8.625 .0400 8.585 01/01/2028
600126471 OSTLER,CARL,ALYCE 8.000 .250 7.750 .0400 7.710 01/01/2028
600126472 BARRY,CHARLES,ELLEN 7.875 .250 7.625 .0400 7.585 01/01/2028
600126473 KREMER,JAY,GLORIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126475 JOHNSTONE,KEVIN,KATHLEEN 7.750 .250 7.500 .0400 7.460 01/01/2028
600126476 HILL/RIVERA,WANDA/DAVID 7.875 .250 7.625 .0400 7.585 01/01/2028
600126478 ABELY,DONNA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126480 GLEASON,HENRIETTA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126481 FORD,DOLORES 8.375 .250 8.125 .0400 8.085 01/01/2028
600126484 RODGERS,MELISSA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126486 BUCHHAUSER,JOHN,RENEE 7.875 .250 7.625 .0400 7.585 01/01/2028
600126487 BLACKWELL,JAMES,JACKIE 8.125 .250 7.875 .0400 7.835 01/01/2028
600126489 SELMAN,ROBERT,MARY 8.125 .250 7.875 .0400 7.835 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126468 ATTEBURY,CRAIG 566085 $1,653.16 2 02/01/1998 360
600126469 CANDELORE,MILDRED 566096 $551.78 02/01/1998 360
600126471 OSTLER,CARL,ALYCE 566116 $1,438.18 02/01/1998 360
600126472 BARRY,CHARLES,ELLEN 566129 $452.44 02/01/1998 360
600126473 KREMER,JAY,GLORIA 566131 $768.91 02/01/1998 360
600126475 JOHNSTONE,KEVIN,KATHLEEN 566164 $1,483.69 02/01/1998 360
600126476 HILL/RIVERA,WANDA/DAVID 566173 $1,044.10 02/01/1998 360
600126478 ABELY,DONNA 566273 $1,610.21 2 02/01/1998 360
600126480 GLEASON,HENRIETTA 566298 $1,305.80 02/01/1998 360
600126481 FORD,DOLORES 566314 $478.85 02/01/1998 360
600126484 RODGERS,MELISSA 566455 $885.10 2 02/01/1998 360
600126486 BUCHHAUSER,JOHN,RENEE 566467 $1,305.12 02/01/1998 360
600126487 BLACKWELL,JAMES,JACKIE 566504 $890.25 02/01/1998 360
600126489 SELMAN,ROBERT,MARY 566860 $1,603.79 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126468 ATTEBURY,CRAIG $239,000.00 N
600126469 CANDELORE,MILDRED $86,700.00 N
600126471 OSTLER,CARL,ALYCE $245,000.00 N
600126472 BARRY,CHARLES,ELLEN $78,000.00 N
600126473 KREMER,JAY,GLORIA $127,000.00 N
600126475 JOHNSTONE,KEVIN,KATHLEEN $258,900.00 N
600126476 HILL/RIVERA,WANDA/DAVID $182,000.00 N
600126478 ABELY,DONNA $223,000.00 N
600126480 GLEASON,HENRIETTA $214,750.00 N
600126481 FORD,DOLORES $90,000.00 N
600126484 RODGERS,MELISSA $122,586.00 N
600126486 BUCHHAUSER,JOHN,RENEE $225,000.00 N
600126487 BLACKWELL,JAMES,JACKIE $149,900.00 N
600126489 SELMAN,ROBERT,MARY $288,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 113
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126491 AMBROSE,SCOTT,WENDY 3054 MACAULAY STREET SAN DIEGO CA 92106 $99,939.42
600126492 DAVIS,OTIS,PATSY 65 F STREET CHULA VISTA CA 91910 $85,740.95
600126493 ALLISON,KAREN 1063 MONTAUK LANE VENTURA CA 93001 $187,873.85
600126494 PAGANO,DONALD,JUDITH 609 MAYBRITT CIRCLE SAN MARCOS CA 92069 $117,119.35
600126497 PETINOS/SFAKIAN,EMMANUEL/ 1210 SUNNY CREST CIRCLE VISTA CA 92084 $140,716.87
600126498 ABDELJABER,RANDA G. 1240 NW 101ST AVENUE PLANTATION FL 33322 $199,762.99
600126499 ALLAHYARI,PRIVASH 702-1 ZLOTKIN CIRCLE FREEHOLD NJ 07728 $59,932.47
600126501 CASAS,GERARDO 14454 SW 49TH STREET MIAMI FL 33175 $75,909.94
600126503 ELIAS,ALBERT JOHN 2177 NW 114TH TERRACE CORAL SPRINGS FL 33071 $157,427.17
600126505 GARSIDE,ROGER, ANNA 13707 CEDAR CREEK AVENUE BAKERSFIELD CA 93312 $159,815.23
600126506 GLORIA,LAURA 68-70 KING STREET BRIDGEPORT CT 06605 $126,860.74
600126507 MARAJH,SEERAJIE,JAIRAJ 11340 N. W. 37TH STREET CORAL SPRINGS FL 33065 $81,886.76
600126509 MOSTIN,MICHAEL, TRACY 2350 SODA BAY ROAD LAKEPORT CA 95453 $139,842.46
600126510 PYANOE,JAMES 1705 NEWMAN STREET SOUTH BELMAR NJ 07719 $57,140.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126491 AMBROSE,SCOTT,WENDY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126492 DAVIS,OTIS,PATSY 7.875 .250 7.625 .0400 7.585 01/01/2028
600126493 ALLISON,KAREN 8.000 .250 7.750 .0400 7.710 01/01/2028
600126494 PAGANO,DONALD,JUDITH 7.875 .250 7.625 .0400 7.585 01/01/2028
600126497 PETINOS/SFAKIAN,EMMANUEL/ 8.625 .250 8.375 .0400 8.335 01/01/2028
600126498 ABDELJABER,RANDA G. 8.625 .250 8.375 .0400 8.335 12/01/2027
600126499 ALLAHYARI,PRIVASH 8.875 .250 8.625 .0400 8.585 12/01/2027
600126501 CASAS,GERARDO 8.625 .250 8.375 .0400 8.335 12/01/2027
600126503 ELIAS,ALBERT JOHN 9.000 .250 8.750 .0400 8.710 12/01/2027
600126505 GARSIDE,ROGER, ANNA 8.750 .250 8.500 .0400 8.460 12/01/2027
600126506 GLORIA,LAURA 9.000 .250 8.750 .0400 8.710 12/01/2027
600126507 MARAJH,SEERAJIE,JAIRAJ 7.875 .250 7.625 .0400 7.585 12/01/2027
600126509 MOSTIN,MICHAEL, TRACY 8.875 .250 8.625 .0400 8.585 12/01/2027
600126510 PYANOE,JAMES 9.250 .250 9.000 .0400 8.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126491 AMBROSE,SCOTT,WENDY 566867 $768.91 02/01/1998 360
600126492 DAVIS,OTIS,PATSY 566869 $622.11 02/01/1998 360
600126493 ALLISON,KAREN 566872 $1,379.48 02/01/1998 360
600126494 PAGANO,DONALD,JUDITH 566875 $849.78 02/01/1998 360
600126497 PETINOS/SFAKIAN,EMMANUEL/ 566897 $1,095.13 02/01/1998 360
600126498 ABDELJABER,RANDA G. 567948 $1,555.58 02/01/1998 360
600126499 ALLAHYARI,PRIVASH 567950 $477.39 02/01/1998 360
600126501 CASAS,GERARDO 567955 $591.12 02/01/1998 360
600126503 ELIAS,ALBERT JOHN 567960 $1,268.09 02/01/1998 360
600126505 GARSIDE,ROGER, ANNA 567963 $1,258.72 02/01/1998 360
600126506 GLORIA,LAURA 567964 $1,021.87 02/01/1998 360
600126507 MARAJH,SEERAJIE,JAIRAJ 567971 $594.56 02/01/1998 360
600126509 MOSTIN,MICHAEL, TRACY 567975 $1,113.90 02/01/1998 360
600126510 PYANOE,JAMES 567980 $470.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126491 AMBROSE,SCOTT,WENDY $125,000.00 N
600126492 DAVIS,OTIS,PATSY $132,000.00 N
600126493 ALLISON,KAREN $235,000.00 N
600126494 PAGANO,DONALD,JUDITH $146,500.00 N
600126497 PETINOS/SFAKIAN,EMMANUEL/ $176,000.00 N
600126498 ABDELJABER,RANDA G. $250,000.00 N
600126499 ALLAHYARI,PRIVASH $75,000.00 N
600126501 CASAS,GERARDO $95,000.00 N
600126503 ELIAS,ALBERT JOHN $197,000.00 N
600126505 GARSIDE,ROGER, ANNA $200,000.00 N
600126506 GLORIA,LAURA $190,000.00 N
600126507 MARAJH,SEERAJIE,JAIRAJ $145,000.00 N
600126509 MOSTIN,MICHAEL, TRACY $200,000.00 N
600126510 PYANOE,JAMES $88,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 114
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126511 REESE,JAMES, SHARON 126 EAGLE FARMS ROAD CHESTER SPRINGS PA 19425 $154,816.32
600126513 STOPKO,TINA 242 METEDECONK TRAIL JACKSON NJ 08527 $105,471.61
600126514 WOLKOFF,THERESA 1683 CEDARCREEK DRIVE SAN JOSE CA 95121 $119,864.96
600126515 TRAINER,ROBERT/PAULETTE 1631 NE 56TH STREET FORT LAUDERDALE FL 33334 $109,479.81
600126516 WATSON,BUD,MARYE ANN 11984 STEGMEIR DRIVE RANCHO CUCAMONG CA 91739 $45,567.82
600126517 PARRY,JOSEPH 682 MADRID STREET SAN FRANCISCO CA 94112 $187,260.06
600126518 STOKES,JOSEPH,PAULINE 1617 DESTRAY LANE COTTONWOOD AZ 86326 $54,888.55
600126664 BARROWS,PHYLLIS 29147 VIA MURRIETA CA 92563 $67,553.48
600126665 VAN BUSKIRK,ARTUS 1224 SHERIDAN A ESCONDIDO CA 92027 $80,407.53
600126666 TUTTLE,CARL 10546 MAPLERIDG DALLAS TX 75238 $73,453.13
600126667 FUHS,DARRELL 2091 CAVANAUGH ATLANTA GA 30316 $37,477.29
600126669 CONNOLLY JR,PATRICK 1907 EAGLE AVEN ALAMEDA CA 94501 $124,622.28
600126670 JOHN,WILLIAM 10221 WEST LEHI LAKEWOOD CO 80235 $99,686.39
600126671 MAYOTTE,WAYNE 604 WEST WESTON LARKSPUR CO 80118 $151,690.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126511 REESE,JAMES, SHARON 8.625 .250 8.375 .0400 8.335 12/01/2027
600126513 STOPKO,TINA 8.500 .250 8.250 .0400 8.210 12/01/2027
600126514 WOLKOFF,THERESA 8.875 .250 8.625 .0400 8.585 12/01/2027
600126515 TRAINER,ROBERT/PAULETTE 9.000 .250 8.750 .0400 8.710 12/01/2027
600126516 WATSON,BUD,MARYE ANN 7.750 .250 7.500 .0400 7.460 01/01/2028
600126517 PARRY,JOSEPH 8.250 .250 8.000 .0400 7.960 12/01/2027
600126518 STOKES,JOSEPH,PAULINE 8.000 .250 7.750 .0400 7.710 11/01/2027
600126664 BARROWS,PHYLLIS 7.875 .250 7.625 .0500 7.575 01/01/2028
600126665 VAN BUSKIRK,ARTUS 7.500 .250 7.250 .0500 7.200 01/01/2028
600126666 TUTTLE,CARL 8.250 .250 8.000 .0500 7.950 01/01/2028
600126667 FUHS,DARRELL 8.500 .250 8.250 .0500 8.200 01/01/2028
600126669 CONNOLLY JR,PATRICK 7.875 .250 7.625 .0500 7.575 01/01/2028
600126670 JOHN,WILLIAM 8.250 .250 8.000 .0500 7.950 01/01/2028
600126671 MAYOTTE,WAYNE 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126511 REESE,JAMES, SHARON 567983 $1,205.57 02/01/1998 360
600126513 STOPKO,TINA 567988 $811.97 02/01/1998 360
600126514 WOLKOFF,THERESA 567992 $954.77 02/01/1998 360
600126515 TRAINER,ROBERT/PAULETTE 567993 $881.87 02/01/1998 360
600126516 WATSON,BUD,MARYE ANN 568002 $326.68 02/01/1998 360
600126517 PARRY,JOSEPH 568026 $1,408.62 02/01/1998 360
600126518 STOKES,JOSEPH,PAULINE 568032 $403.57 02/01/1998 360
600126664 BARROWS,PHYLLIS 1218254 $490.15 02/01/1998 360
600126665 VAN BUSKIRK,ARTUS 1234558 $566.36 02/01/1998 360
600126666 TUTTLE,CARL 1243708 $552.18 02/01/1998 360
600126667 FUHS,DARRELL 1247469 $288.34 02/01/1998 360
600126669 CONNOLLY JR,PATRICK 1256528 $908.51 02/01/1998 360
600126670 JOHN,WILLIAM 1256932 $749.39 02/01/1998 360
600126671 MAYOTTE,WAYNE 1258102 $1,101.38 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126511 REESE,JAMES, SHARON $276,786.00 N
600126513 STOPKO,TINA $132,000.00 N
600126514 WOLKOFF,THERESA $177,000.00 N
600126515 TRAINER,ROBERT/PAULETTE $137,000.00 N
600126516 WATSON,BUD,MARYE ANN $142,317.00 N
600126517 PARRY,JOSEPH $250,000.00 N
600126518 STOKES,JOSEPH,PAULINE $165,000.00 N
600126664 BARROWS,PHYLLIS .00 .00 .00 .000 .250 .300 $84,500.00 N
600126665 VAN BUSKIRK,ARTUS .00 .00 .00 .000 .250 .300 $160,000.00 N
600126666 TUTTLE,CARL .00 .00 .00 .000 .250 .300 $110,000.00 N
600126667 FUHS,DARRELL .00 .00 .00 .000 .250 .300 $50,000.00 N
600126669 CONNOLLY JR,PATRICK .00 .00 .00 .000 .250 .300 $174,000.00 N
600126670 JOHN,WILLIAM .00 .00 .00 .000 .250 .300 $133,000.00 N
600126671 MAYOTTE,WAYNE .00 .00 .00 .000 .250 .300 $189,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 115
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126673 FELTON,PENELOPE 1926 VALLEYWOOD ARLINGTON TX 76013 $16,776.80
600126674 WATSON,JAN 1370 BRIDGETON WINSTON-SALEM NC 27127 $71,158.81
600126675 WISE,GAIL 6182 EAST YALE DENVER CO 80222 $149,592.35
600126676 WINCHEL,BETTY 8310 CLETA STRE DOWNEY CA 90241 $114,856.55
600126677 GRAHAM,MARY 8203 KITTYHAWK LOS ANGELES CA 90045 $116,838.43
600126678 GRAY,REMEDIOS 340 WAGONWHEEL CASTLE ROCK CO 80104 $74,899.02
600126679 GHANNADAN,MOHAMMAD 2143 MENDOCINO BAY POINT CA 94565 $112,640.27
600126680 NELSON,DAVID 1809 EAGLE VIEW COLORADO SPRING CO 80909 $129,334.27
600126681 KENDZIORSKI,ERVIN 1603 NORTH FREN SANTA ANA CA 92701 $149,762.50
600126683 MALITZ,CARL 4100 WEST EDDY CHICAGO IL 60641 $124,922.31
600126684 SMITHSON,MELANIE 8777 EVERETT CI ARVADA CO 80005 $99,063.01
600126685 KAUFMANN,DARLENE 9075 GROSS POIN SKOKIE IL 60077 $145,827.00
600126686 HATZIMARKOS,JOHN 45 SEAVIEW DRIV SANTA BARBARA CA 93108 $69,900.86
600126687 FLORES SR,ROMULO 1360 CLUB LANE RICHMOND CA 94803 $78,649.81
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126673 FELTON,PENELOPE 7.875 .250 7.625 .0500 7.575 12/01/2027
600126674 WATSON,JAN 8.250 .250 8.000 .0500 7.950 12/01/2027
600126675 WISE,GAIL 7.875 .250 7.625 .0500 7.575 12/01/2027
600126676 WINCHEL,BETTY 8.375 .250 8.125 .0500 8.075 12/01/2027
600126677 GRAHAM,MARY 7.875 .250 7.625 .0500 7.575 12/01/2027
600126678 GRAY,REMEDIOS 8.000 .250 7.750 .0500 7.700 12/01/2027
600126679 GHANNADAN,MOHAMMAD 7.750 .250 7.500 .0500 7.450 12/01/2027
600126680 NELSON,DAVID 8.250 .250 8.000 .0500 7.950 12/01/2027
600126681 KENDZIORSKI,ERVIN 8.500 .250 8.250 .0500 8.200 01/01/2028
600126683 MALITZ,CARL 8.375 .250 8.125 .0500 8.075 01/01/2028
600126684 SMITHSON,MELANIE 7.875 .250 7.625 .0500 7.575 12/01/2027
600126685 KAUFMANN,DARLENE 8.625 .250 8.375 .0500 8.325 12/01/2027
600126686 HATZIMARKOS,JOHN 7.750 .250 7.500 .0500 7.450 12/01/2027
600126687 FLORES SR,ROMULO 8.250 .250 8.000 .0500 7.950 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126673 FELTON,PENELOPE 1261171 $121.81 02/01/1998 360
600126674 WATSON,JAN 1262435 $535.28 02/01/1998 360
600126675 WISE,GAIL 1264563 $1,086.88 02/01/1998 360
600126676 WINCHEL,BETTY 1265818 $874.08 02/01/1998 360
600126677 GRAHAM,MARY 1265826 $848.33 02/01/1998 360
600126678 GRAY,REMEDIOS 1266550 $550.32 02/01/1998 360
600126679 GHANNADAN,MOHAMMAD 1268317 $808.11 02/01/1998 360
600126680 NELSON,DAVID 1269380 $972.89 02/01/1998 360
600126681 KENDZIORSKI,ERVIN 1269786 $1,153.37 02/01/1998 360
600126683 MALITZ,CARL 1271857 $950.09 02/01/1998 360
600126684 SMITHSON,MELANIE 1272954 $719.27 02/01/1998 360
600126685 KAUFMANN,DARLENE 1273267 $1,135.57 02/01/1998 360
600126686 HATZIMARKOS,JOHN 1273739 $501.49 02/01/1998 360
600126687 FLORES SR,ROMULO 1273846 $591.25 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126673 FELTON,PENELOPE .00 .00 .00 .000 .250 .300 $21,000.00 N
600126674 WATSON,JAN .00 .00 .00 .000 .250 .300 $95,000.00 N
600126675 WISE,GAIL .00 .00 .00 .000 .250 .300 $193,000.00 N
600126676 WINCHEL,BETTY .00 .00 .00 .000 .250 .300 $160,000.00 N
600126677 GRAHAM,MARY .00 .00 .00 .000 .250 .300 $180,000.00 N
600126678 GRAY,REMEDIOS .00 .00 .00 .000 .250 .300 $119,000.00 N
600126679 GHANNADAN,MOHAMMAD .00 .00 .00 .000 .250 .300 $142,500.00 N
600126680 NELSON,DAVID .00 .00 .00 .000 .250 .300 $185,000.00 N
600126681 KENDZIORSKI,ERVIN .00 .00 .00 .000 .250 .300 $200,000.00 N
600126683 MALITZ,CARL .00 .00 .00 .000 .250 .300 $175,000.00 N
600126684 SMITHSON,MELANIE .00 .00 .00 .000 .250 .300 $124,000.00 N
600126685 KAUFMANN,DARLENE .00 .00 .00 .000 .250 .300 $250,000.00 N
600126686 HATZIMARKOS,JOHN .00 .00 .00 .000 .250 .300 $680,000.00 N
600126687 FLORES SR,ROMULO .00 .00 .00 .000 .250 .300 $175,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 116
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126688 MILLER,JAMES 8246 NORTH 17TH PHOENIX AZ 85020 $101,851.89
600126689 HALE,LARRY 6375 GREENWAY R FORT WORTH TX 76116 $64,005.92
600126690 DRUMMOND,ROBERT 1046 REGENCY DR WOODSTOCK GA 30189 $115,920.17
600126691 ROBERTS,ANDRA 12426 MONTEGO P DALLAS TX 75230 $99,851.12
600126692 PRIDEMORE,JOHN 4403 CEDAR CRES MCKINNEY TX 75070 $77,201.08
600126693 HAUCK,LARRY 1181 LA PURISSI FREMONT CA 94539 $149,899.35
600126695 O'NEILL,TERRY 10675 & 10685 W WHEAT RIDGE CO 80033 $123,845.32
600126696 BATEMAN,KATHY 8147 NORTH IVOR TUCSON AZ 85741 $73,403.10
600126697 BALDWIN,GLENN 1985 PONCE DE L ATLANTA GA 30307 $153,885.71
600126698 BALDWIN,GLENN 3377 DEEVERS CO LITHONIA GA 30038 $59,158.21
600126699 NATHAN,GEORGE 200 BRANDON PLA ATLANTA GA 30328 $119,825.75
600126700 DUFFIN,RICHARD 502 ANSLEY VILL ATLANTA GA 30324 $131,077.70
600126701 MIHAI,VICTOR 15021 NORTH 91S PEORIA AZ 85381 $97,439.40
600126702 LOUGHBOROUGH,EDWARD 2920-2921 COUNT CARROLLTON TX 75006 $109,848.10
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126688 MILLER,JAMES 7.625 .250 7.375 .0500 7.325 12/01/2027
600126689 HALE,LARRY 7.875 .250 7.625 .0500 7.575 01/01/2028
600126690 DRUMMOND,ROBERT 7.875 .250 7.625 .0500 7.575 01/01/2028
600126691 ROBERTS,ANDRA 7.500 .250 7.250 .0500 7.200 12/01/2027
600126692 PRIDEMORE,JOHN 8.250 .250 8.000 .0500 7.950 12/01/2027
600126693 HAUCK,LARRY 8.000 .250 7.750 .0500 7.700 01/01/2028
600126695 O'NEILL,TERRY 8.375 .250 8.125 .0500 8.075 12/01/2027
600126696 BATEMAN,KATHY 8.250 .250 8.000 .0500 7.950 01/01/2028
600126697 BALDWIN,GLENN 7.500 .250 7.250 .0500 7.200 01/01/2028
600126698 BALDWIN,GLENN 7.750 .250 7.500 .0500 7.450 01/01/2028
600126699 NATHAN,GEORGE 7.625 .250 7.375 .0500 7.325 12/01/2027
600126700 DUFFIN,RICHARD 8.125 .250 7.875 .0500 7.825 12/01/2027
600126701 MIHAI,VICTOR 8.375 .250 8.125 .0500 8.075 01/01/2028
600126702 LOUGHBOROUGH,EDWARD 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126688 MILLER,JAMES 1273960 $721.95 02/01/1998 360
600126689 HALE,LARRY 1274919 $464.41 02/01/1998 360
600126690 DRUMMOND,ROBERT 1275338 $841.08 02/01/1998 360
600126691 ROBERTS,ANDRA 1275643 $699.21 02/01/1998 360
600126692 PRIDEMORE,JOHN 1276021 $580.73 02/01/1998 360
600126693 HAUCK,LARRY 1276153 $1,100.65 02/01/1998 360
600126695 O'NEILL,TERRY 1276807 $942.49 02/01/1998 360
600126696 BATEMAN,KATHY 1276898 $552.56 02/01/1998 360
600126697 BALDWIN,GLENN 1276930 $1,076.79 02/01/1998 360
600126698 BALDWIN,GLENN 1276989 $424.12 02/01/1998 360
600126699 NATHAN,GEORGE 1277334 $849.35 02/01/1998 360
600126700 DUFFIN,RICHARD 1277565 $974.53 02/01/1998 360
600126701 MIHAI,VICTOR 1277664 $741.07 02/01/1998 360
600126702 LOUGHBOROUGH,EDWARD 1278290 $797.58 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126688 MILLER,JAMES .00 .00 .00 .000 .250 .300 $190,000.00 N
600126689 HALE,LARRY .00 .00 .00 .000 .250 .300 $85,000.00 N
600126690 DRUMMOND,ROBERT .00 .00 .00 .000 .250 .300 $145,000.00 N
600126691 ROBERTS,ANDRA .00 .00 .00 .000 .250 .300 $172,000.00 N
600126692 PRIDEMORE,JOHN .00 .00 .00 .000 .250 .300 $97,000.00 N
600126693 HAUCK,LARRY .00 .00 .00 .000 .250 .300 $400,000.00 N
600126695 O'NEILL,TERRY .00 .00 .00 .000 .250 .300 $155,000.00 N
600126696 BATEMAN,KATHY .00 .00 .00 .000 .250 .300 $100,000.00 N
600126697 BALDWIN,GLENN .00 .00 .00 .000 .250 .300 $425,000.00 N
600126698 BALDWIN,GLENN .00 .00 .00 .000 .250 .300 $160,000.00 N
600126699 NATHAN,GEORGE .00 .00 .00 .000 .250 .300 $243,000.00 N
600126700 DUFFIN,RICHARD .00 .00 .00 .000 .250 .300 $175,000.00 N
600126701 MIHAI,VICTOR .00 .00 .00 .000 .250 .300 $130,000.00 N
600126702 LOUGHBOROUGH,EDWARD .00 .00 .00 .000 .250 .300 $180,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 117
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126703 WALL,JOHN 430-A COUNTRY C SIMI VALLEY CA 93065 $104,858.63
600126704 SCHNEIDER,ROGER 37336 EAGLE DRI RAYMOND CA 93653 $142,409.14
600126705 BLAIR,DOROTHY 2442 DUNKERRIN ATLANTA GA 30360 $125,519.91
600126706 AARON,TRESSA 2347 DREW VALLE ATLANTA GA 30319 $102,561.72
600126707 SIGMON,RAY 331 LAKEVIEW TR JASPER GA 30143 $123,824.40
600126708 SHIN,JENNIFER 135 JULIE DRIVE GLENVIEW IL 60025 $155,892.64
600126709 LELA,DANIEL 2551 EAST CHURC DES PLAINES IL 60016 $127,322.82
600126710 HUGLE,HELEN 6182 EAST 21ST TUCSON AZ 85711 $44,974.77
600126712 LAFLEUR,JOHN 2675 OSBORNE AV SOUTH LAKE TAHO CA 96150 $79,900.20
600126713 CHUDECKI,KAZIMIERZ 17784 BRAEWICK GURNEE IL 60031 $95,938.78
600126714 SITTNER,DAVID 2802 LUCIERNAGA CARLSBAD CA 92009 $149,896.78
600126715 NELSON JR,JAMES 2841 SCOTT STRE FRANKLIN PARK IL 60131 $99,932.91
600126716 MARTIN,RICHARD 3299 IVEY GULLE DALLAS GA 30132 $126,820.16
600126717 MANGHAM,MARVIN 2815 DUKE OF WI EAST POINT GA 30344 $124,911.77
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126703 WALL,JOHN 8.000 .250 7.750 .0500 7.700 12/01/2027
600126704 SCHNEIDER,ROGER 8.250 .250 8.000 .0500 7.950 01/01/2028
600126705 BLAIR,DOROTHY 8.250 .250 8.000 .0500 7.950 01/01/2028
600126706 AARON,TRESSA 8.000 .250 7.750 .0500 7.700 12/01/2027
600126707 SIGMON,RAY 7.750 .250 7.500 .0500 7.450 12/01/2027
600126708 SHIN,JENNIFER 7.875 .250 7.625 .0500 7.575 01/01/2028
600126709 LELA,DANIEL 8.500 .250 8.250 .0500 8.200 01/01/2028
600126710 HUGLE,HELEN 8.875 .250 8.625 .0500 8.575 01/01/2028
600126712 LAFLEUR,JOHN 8.375 .250 8.125 .0500 8.075 12/01/2027
600126713 CHUDECKI,KAZIMIERZ 8.250 .250 8.000 .0500 7.950 01/01/2028
600126714 SITTNER,DAVID 7.875 .250 7.625 .0500 7.575 01/01/2028
600126715 NELSON JR,JAMES 8.000 .250 7.750 .0500 7.700 01/01/2028
600126716 MARTIN,RICHARD 7.750 .250 7.500 .0500 7.450 12/01/2027
600126717 MANGHAM,MARVIN 7.750 .250 7.500 .0500 7.450 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126703 WALL,JOHN 1278431 $770.45 02/01/1998 360
600126704 SCHNEIDER,ROGER 1278845 $1,070.55 02/01/1998 360
600126705 BLAIR,DOROTHY 1279025 $943.59 02/01/1998 360
600126706 AARON,TRESSA 1279769 $753.58 02/01/1998 360
600126707 SIGMON,RAY 1279827 $888.35 02/01/1998 360
600126708 SHIN,JENNIFER 1280239 $1,131.11 02/01/1998 360
600126709 LELA,DANIEL 1280270 $979.60 02/01/1998 360
600126710 HUGLE,HELEN 1280528 $358.04 02/01/1998 360
600126712 LAFLEUR,JOHN 1280866 $608.06 02/01/1998 360
600126713 CHUDECKI,KAZIMIERZ 1280882 $721.22 02/01/1998 360
600126714 SITTNER,DAVID 1280924 $1,087.60 02/01/1998 360
600126715 NELSON JR,JAMES 1281427 $733.76 02/01/1998 360
600126716 MARTIN,RICHARD 1282201 $909.84 02/01/1998 360
600126717 MANGHAM,MARVIN 1282243 $895.52 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126703 WALL,JOHN .00 .00 .00 .000 .250 .300 $155,000.00 N
600126704 SCHNEIDER,ROGER .00 .00 .00 .000 .250 .300 $185,000.00 N
600126705 BLAIR,DOROTHY .00 .00 .00 .000 .250 .300 $160,000.00 N
600126706 AARON,TRESSA .00 .00 .00 .000 .250 .300 $158,000.00 N
600126707 SIGMON,RAY .00 .00 .00 .000 .250 .300 $160,000.00 N
600126708 SHIN,JENNIFER .00 .00 .00 .000 .250 .300 $197,000.00 N
600126709 LELA,DANIEL .00 .00 .00 .000 .250 .300 $170,000.00 N
600126710 HUGLE,HELEN .00 .00 .00 .000 .250 .300 $60,000.00 N
600126712 LAFLEUR,JOHN .00 .00 .00 .000 .250 .300 $110,000.00 N
600126713 CHUDECKI,KAZIMIERZ .00 .00 .00 .000 .250 .300 $120,000.00 N
600126714 SITTNER,DAVID .00 .00 .00 .000 .250 .300 $200,000.00 N
600126715 NELSON JR,JAMES .00 .00 .00 .000 .250 .300 $135,000.00 N
600126716 MARTIN,RICHARD .00 .00 .00 .000 .250 .300 $160,000.00 N
600126717 MANGHAM,MARVIN .00 .00 .00 .000 .250 .300 $180,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 118
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126718 BORDEN,PATTI 1617 NORTH CAMI TUCSON AZ 85716 $37,476.09
600126719 BROWN,VICKI 1564 POSEY ROAD YOUNG HARRIS GA 30582 $133,429.03
600126721 URBAN,RONALD 6270 HIGHWAY 55 DURANGO CO 81301 $131,920.03
600126722 BAGLIEN,STEVE 143 NORTH NIELS GILBERT AZ 85234 $92,587.29
600126723 BAGLIEN,STEVE 1009 NORTH NIEL GILBERT AZ 85234 $89,238.31
600126724 GEHRS,BRETT 18185 SUNDOWER CANYON COUNTRY CA 91351 $48,078.31
600126725 BAGLIEN,STEVE 1209 WEST MYRNA TEMPE AZ 85284 $108,467.95
600126726 CATRINTA,JOHN 5130 NORTH KILD CHICAGO IL 60630 $140,810.16
600126727 GONZALEZ,RAMON 501 503 505 507 W AVENUE GARLAND TX 75040 $69,709.90
600126728 BEHRENBRUCH,WILLIAM 845 ENCINO PLAC SANTA PAULA CA 93060 $139,498.96
600126729 HAGERMAN,LEE 461 CARRIAGE DR ATLANTA GA 30328 $122,825.80
600126732 GLENN,MERNA 26 JAMES COURT LONGMONT CO 80501 $71,951.69
600126733 TRAVLAND,CHRISTOPHER 203 GOLF CREST AUSTIN TX 78734 $145,408.86
600126734 STRAUSE,TOM 8670 WEST ALAME LAKEWOOD CO 80226 $88,075.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126718 BORDEN,PATTI 8.250 .250 8.000 .0500 7.950 01/01/2028
600126719 BROWN,VICKI 8.250 .250 8.000 .0500 7.950 12/01/2027
600126721 URBAN,RONALD 8.500 .250 8.250 .0500 8.200 01/01/2028
600126722 BAGLIEN,STEVE 8.500 .250 8.250 .0500 8.200 12/01/2027
600126723 BAGLIEN,STEVE 8.500 .250 8.250 .0500 8.200 12/01/2027
600126724 GEHRS,BRETT 7.500 .250 7.250 .0500 7.200 12/01/2027
600126725 BAGLIEN,STEVE 8.500 .250 8.250 .0500 8.200 12/01/2027
600126726 CATRINTA,JOHN 8.250 .250 8.000 .0500 7.950 01/01/2028
600126727 GONZALEZ,RAMON 8.875 .250 8.625 .0500 8.575 12/01/2027
600126728 BEHRENBRUCH,WILLIAM 7.625 .250 7.375 .0500 7.325 01/01/2028
600126729 HAGERMAN,LEE 7.750 .250 7.500 .0500 7.450 12/01/2027
600126732 GLENN,MERNA 8.000 .250 7.750 .0500 7.700 01/01/2028
600126733 TRAVLAND,CHRISTOPHER 8.125 .250 7.875 .0500 7.825 12/01/2027
600126734 STRAUSE,TOM 7.750 .250 7.500 .0500 7.450 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126718 BORDEN,PATTI 1282474 $281.72 02/01/1998 360
600126719 BROWN,VICKI 1282748 $1,003.69 02/01/1998 360
600126721 URBAN,RONALD 1283043 $1,014.97 02/01/1998 360
600126722 BAGLIEN,STEVE 1283209 $712.78 02/01/1998 360
600126723 BAGLIEN,STEVE 1283217 $704.32 02/01/1998 360
600126724 GEHRS,BRETT 1283225 $336.67 02/01/1998 360
600126725 BAGLIEN,STEVE 1283233 $835.04 02/01/1998 360
600126726 CATRINTA,JOHN 1283258 $1,058.53 02/01/1998 360
600126727 GONZALEZ,RAMON 1283290 $556.95 02/01/1998 360
600126728 BEHRENBRUCH,WILLIAM 1283563 $988.08 02/01/1998 360
600126729 HAGERMAN,LEE 1283837 $881.19 02/01/1998 360
600126732 GLENN,MERNA 1285055 $528.31 02/01/1998 360
600126733 TRAVLAND,CHRISTOPHER 1285402 $1,081.08 02/01/1998 360
600126734 STRAUSE,TOM 1285493 $631.88 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126718 BORDEN,PATTI .00 .00 .00 .000 .250 .300 $50,000.00 N
600126719 BROWN,VICKI .00 .00 .00 .000 .250 .300 $167,000.00 N
600126721 URBAN,RONALD .00 .00 .00 .000 .250 .300 $165,000.00 N
600126722 BAGLIEN,STEVE .00 .00 .00 .000 .250 .300 $116,500.00 N
600126723 BAGLIEN,STEVE .00 .00 .00 .000 .250 .300 $114,500.00 N
600126724 GEHRS,BRETT .00 .00 .00 .000 .250 .300 $73,000.00 N
600126725 BAGLIEN,STEVE .00 .00 .00 .000 .250 .300 $139,000.00 N
600126726 CATRINTA,JOHN .00 .00 .00 .000 .250 .300 $188,000.00 N
600126727 GONZALEZ,RAMON .00 .00 .00 .000 .250 .300 $90,000.00 N
600126728 BEHRENBRUCH,WILLIAM .00 .00 .00 .000 .250 .300 $175,000.00 N
600126729 HAGERMAN,LEE .00 .00 .00 .000 .250 .300 $215,000.00 N
600126732 GLENN,MERNA .00 .00 .00 .000 .250 .300 $122,000.00 N
600126733 TRAVLAND,CHRISTOPHER .00 .00 .00 .000 .250 .300 $185,000.00 N
600126734 STRAUSE,TOM .00 .00 .00 .000 .250 .300 $145,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 119
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126735 GUREVICH,DAVID 11450 EAST VIRG AURORA CO 80012 $86,137.61
600126736 PALAZZOLA,DOMINIC 1825 SOUTH GRAN APACHE JUNCTION AZ 85220 $60,362.46
600126737 ZUBA,RICHARD 356 VIRGINIA DR ESTES PARK CO 80517 $82,450.03
600126738 JOHANNES,THERESA 5011 EAST ARMOR CAVE CREEK AZ 85331 $142,411.43
600126739 RAUB,MARY 17 RED BUD LANE LAMPASAS TX 76550 $129,914.96
600126740 HUGHES,ROBERT 8106 SAN LEANDR DALLAS TX 75218 $119,917.42
600126741 DUSZYNSKI,KATIE 1741 SPYGLASS D AUSTIN TX 78746 $99,825.86
600126742 WHITSELL,RENDA 5906 RIVER BEND BENBROOK TX 76132 $131,066.37
600126743 GIST,JACQUELINE 621 DOLORES DRI SANTA BARBARA CA 93101 $89,933.21
600126744 AWAD,SABRI 7743 CHERRYSTON PANORAMA CITY CA 91402 $89,854.60
600126745 O'CALLAGHAN,THOMAS 2309 BARTON LAN MONTROSE CA 91020 $148,694.98
600126746 ANDERSON,ARTHUR 9402 PIERCE STR WESTMINSTER CO 80021 $85,887.10
600126747 CUTLER,PATSY 1220 FRANCISCAN SANTA BARBARA CA 93013 $138,656.90
600126748 CHASE,RUTH 103 & 103 1/2 L VENTURA CA 93003 $89,931.52
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126735 GUREVICH,DAVID 7.625 .250 7.375 .0500 7.325 01/01/2028
600126736 PALAZZOLA,DOMINIC 8.375 .250 8.125 .0500 8.075 01/01/2028
600126737 ZUBA,RICHARD 8.500 .250 8.250 .0500 8.200 01/01/2028
600126738 JOHANNES,THERESA 8.375 .250 8.125 .0500 8.075 01/01/2028
600126739 RAUB,MARY 8.125 .250 7.875 .0500 7.825 01/01/2028
600126740 HUGHES,ROBERT 7.875 .250 7.625 .0500 7.575 01/01/2028
600126741 DUSZYNSKI,KATIE 7.500 .250 7.250 .0500 7.200 01/01/2028
600126742 WHITSELL,RENDA 8.250 .250 8.000 .0500 7.950 01/01/2028
600126743 GIST,JACQUELINE 7.500 .250 7.250 .0500 7.200 01/01/2028
600126744 AWAD,SABRI 7.375 .250 7.125 .0500 7.075 12/01/2027
600126745 O'CALLAGHAN,THOMAS 7.750 .250 7.500 .0500 7.450 01/01/2028
600126746 ANDERSON,ARTHUR 8.125 .250 7.875 .0500 7.825 12/01/2027
600126747 CUTLER,PATSY 8.000 .250 7.750 .0500 7.700 01/01/2028
600126748 CHASE,RUTH 7.375 .250 7.125 .0500 7.075 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126735 GUREVICH,DAVID 1286152 $610.12 02/01/1998 360
600126736 PALAZZOLA,DOMINIC 1286251 $459.08 02/01/1998 360
600126737 ZUBA,RICHARD 1286335 $634.35 02/01/1998 360
600126738 JOHANNES,THERESA 1286681 $1,083.10 02/01/1998 360
600126739 RAUB,MARY 1286764 $965.25 02/01/1998 360
600126740 HUGHES,ROBERT 1286822 $870.08 02/01/1998 360
600126741 DUSZYNSKI,KATIE 1286905 $698.52 02/01/1998 360
600126742 WHITSELL,RENDA 1286970 $985.29 02/01/1998 360
600126743 GIST,JACQUELINE 1287143 $629.29 02/01/1998 360
600126744 AWAD,SABRI 1287176 $621.61 02/01/1998 360
600126745 O'CALLAGHAN,THOMAS 1287325 $1,066.02 02/01/1998 360
600126746 ANDERSON,ARTHUR 1287333 $638.55 02/01/1998 360
600126747 CUTLER,PATSY 1287358 $1,018.10 02/01/1998 360
600126748 CHASE,RUTH 1287374 $621.61 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126735 GUREVICH,DAVID .00 .00 .00 .000 .250 .300 $128,000.00 N
600126736 PALAZZOLA,DOMINIC .00 .00 .00 .000 .250 .300 $88,580.00 N
600126737 ZUBA,RICHARD .00 .00 .00 .000 .250 .300 $110,000.00 N
600126738 JOHANNES,THERESA .00 .00 .00 .000 .250 .300 $190,000.00 N
600126739 RAUB,MARY .00 .00 .00 .000 .250 .300 $174,000.00 N
600126740 HUGHES,ROBERT .00 .00 .00 .000 .250 .300 $167,000.00 N
600126741 DUSZYNSKI,KATIE .00 .00 .00 .000 .250 .300 $125,000.00 N
600126742 WHITSELL,RENDA .00 .00 .00 .000 .250 .300 $175,000.00 N
600126743 GIST,JACQUELINE .00 .00 .00 .000 .250 .300 $345,000.00 N
600126744 AWAD,SABRI .00 .00 .00 .000 .250 .300 $130,000.00 N
600126745 O'CALLAGHAN,THOMAS .00 .00 .00 .000 .250 .300 $190,000.00 N
600126746 ANDERSON,ARTHUR .00 .00 .00 .000 .250 .300 $108,000.00 N
600126747 CUTLER,PATSY .00 .00 .00 .000 .250 .300 $185,000.00 N
600126748 CHASE,RUTH .00 .00 .00 .000 .250 .300 $120,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 120
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126749 CAMERON,CLAUDIE 602 DAIRY STREE HENDERSONVILLE NC 28739 $59,963.65
600126750 PASTERNACK,EDWARD 707 CARRIAGE PL DURANGO CO 81301 $159,645.50
600126751 IMHOFF,JOHN 2112 WARNFORD P ARLINGTON TX 76015 $42,698.02
600126752 BUTNIK,BERNARD 3005 MERIDIAN B MAMMOTH LAKES CA 93546 $91,529.69
600126753 OWENS,ADAM 5027 SANTA MONI SAN DIEGO CA 92107 $138,297.29
600126755 ROSS,HERBERT 41 SUNDANCE DRI PINE AZ 85544 $94,936.25
600126756 ROBERTS,GARY 787 BERKELEY AV ATLANTA GA 30318 $89,949.55
600126758 SORENSEN,KAREN 3244 TEMESCAL A NORCO CA 91760 $123,910.26
600126759 HORN,ROBERT 4735-4737 WEST LAWNDALE CA 90260 $130,414.63
600126760 HESS,MARTIN 911-913 AUTUMN AURORA IL 60505 $141,902.28
600126761 MITCHELL,TERRY 213 NAVAJO DRIV KELLER TX 76248 $42,973.95
600126762 GUTIERREZ,RUDOLPH RANCH ROAD 2, B ELGIN TX 78621 $111,926.73
600126764 ROBERTS,REGAN 112 CHELSEA DRI PAYSON AZ 85541 $57,161.62
600126765 NASR,MOHAMMAD 13421 LAKE BREE WILLIS TX 77378 $67,804.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126749 CAMERON,CLAUDIE 8.500 .250 8.250 .0500 8.200 01/01/2028
600126750 PASTERNACK,EDWARD 8.125 .250 7.875 .0500 7.825 01/01/2028
600126751 IMHOFF,JOHN 8.500 .250 8.250 .0500 8.200 12/01/2027
600126752 BUTNIK,BERNARD 8.125 .250 7.875 .0500 7.825 12/01/2027
600126753 OWENS,ADAM 7.500 .250 7.250 .0500 7.200 01/01/2028
600126755 ROSS,HERBERT 8.000 .250 7.750 .0500 7.700 01/01/2028
600126756 ROBERTS,GARY 8.875 .250 8.625 .0500 8.575 01/01/2028
600126758 SORENSEN,KAREN 7.625 .250 7.375 .0500 7.325 01/01/2028
600126759 HORN,ROBERT 8.125 .250 7.875 .0500 7.825 01/01/2028
600126760 HESS,MARTIN 7.875 .250 7.625 .0500 7.575 01/01/2028
600126761 MITCHELL,TERRY 8.500 .250 8.250 .0500 8.200 01/01/2028
600126762 GUTIERREZ,RUDOLPH 8.125 .250 7.875 .0500 7.825 01/01/2028
600126764 ROBERTS,REGAN 8.000 .250 7.750 .0500 7.700 01/01/2028
600126765 NASR,MOHAMMAD 8.000 .250 7.750 .0500 7.700 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126749 CAMERON,CLAUDIE 1287648 $461.35 02/01/1998 360
600126750 PASTERNACK,EDWARD 1287655 $1,186.14 02/01/1998 360
600126751 IMHOFF,JOHN 1287846 $328.71 02/01/1998 360
600126752 BUTNIK,BERNARD 1288018 $680.50 02/01/1998 360
600126753 OWENS,ADAM 1288133 $967.71 02/01/1998 360
600126755 ROSS,HERBERT 1288869 $697.08 02/01/1998 360
600126756 ROBERTS,GARY 1288950 $716.08 02/01/1998 360
600126758 SORENSEN,KAREN 1290436 $877.66 02/01/1998 360
600126759 HORN,ROBERT 1290444 $968.96 02/01/1998 360
600126760 HESS,MARTIN 1291004 $1,029.60 02/01/1998 360
600126761 MITCHELL,TERRY 1291012 $330.63 02/01/1998 360
600126762 GUTIERREZ,RUDOLPH 1291053 $831.60 02/01/1998 360
600126764 ROBERTS,REGAN 1291210 $419.71 02/01/1998 360
600126765 NASR,MOHAMMAD 1291236 $497.86 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126749 CAMERON,CLAUDIE .00 .00 .00 .000 .250 .300 $81,000.00 N
600126750 PASTERNACK,EDWARD .00 .00 .00 .000 .250 .300 $213,000.00 N
600126751 IMHOFF,JOHN .00 .00 .00 .000 .250 .300 $57,000.00 N
600126752 BUTNIK,BERNARD .00 .00 .00 .000 .250 .300 $141,000.00 N
600126753 OWENS,ADAM .00 .00 .00 .000 .250 .300 $175,000.00 N
600126755 ROSS,HERBERT .00 .00 .00 .000 .250 .300 $160,000.00 N
600126756 ROBERTS,GARY .00 .00 .00 .000 .250 .300 $140,000.00 N
600126758 SORENSEN,KAREN .00 .00 .00 .000 .250 .300 $199,000.00 N
600126759 HORN,ROBERT .00 .00 .00 .000 .250 .300 $174,000.00 N
600126760 HESS,MARTIN .00 .00 .00 .000 .250 .300 $195,000.00 N
600126761 MITCHELL,TERRY .00 .00 .00 .000 .250 .300 $62,000.00 N
600126762 GUTIERREZ,RUDOLPH .00 .00 .00 .000 .250 .300 $140,000.00 N
600126764 ROBERTS,REGAN .00 .00 .00 .000 .250 .300 $79,000.00 N
600126765 NASR,MOHAMMAD .00 .00 .00 .000 .250 .300 $93,800.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 121
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126766 PANAMENO,SANTOS 4244 LOU DRIVE SIMI VALLEY CA 93063 $103,426.95
600126767 SHARIF,TASNIM 778 CACHUMA AVE VENTURA CA 93004 $142,896.50
600126768 SACHA,JAN 5821 WEST DAKIN CHICAGO IL 60634 $79,950.27
600126769 GERARDI,JOLENE 3537 CAMINITO E SAN DIEGO CA 92130 $105,925.18
600126770 HOFFMAN,JOHN 635 WEST GRAND SIERRA MADRE CA 91024 $64,555.26
600126771 RHYNE,P 1474 SOUTH VAUG AURORA CO 80012 $97,431.19
600126772 AIELLO,WALTER 3600 LOCHN'ORA DURHAM NC 27705 $140,162.83
600126773 STEVENS,CLAIRE 2215 BALBOA ROA AUSTIN TX 78733 $80,749.78
600126774 NOZARI,DARIUSH 2105 AMMER RIDG GLENVIEW IL 60025 $118,626.22
600126775 RENTZ,LINDA 915 LEWIS RIDGE LAWRENCEVILLE GA 30045 $122,365.73
600126776 NAYLOR,SHAIRON 703 WEST ANNIE AUSTIN TX 78704 $52,369.07
600126777 VILLALOBOS JR,JESUS 7725 PLAZA SERE EL PASO TX 79912 $54,964.93
600126778 BOTT JR,HOWARD 3155 FOLSOM STR BOULDER CO 80304 $129,910.54
600126779 HAWKINS,MARK 12510 QUINCE ST BRIGHTON CO 80601 $158,149.09
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126766 PANAMENO,SANTOS 7.750 .250 7.500 .0500 7.450 01/01/2028
600126767 SHARIF,TASNIM 7.625 .250 7.375 .0500 7.325 01/01/2028
600126768 SACHA,JAN 8.375 .250 8.125 .0500 8.075 01/01/2028
600126769 GERARDI,JOLENE 7.750 .250 7.500 .0500 7.450 01/01/2028
600126770 HOFFMAN,JOHN 7.875 .250 7.625 .0500 7.575 01/01/2028
600126771 RHYNE,P 7.750 .250 7.500 .0500 7.450 01/01/2028
600126772 AIELLO,WALTER 8.375 .250 8.125 .0500 8.075 01/01/2028
600126773 STEVENS,CLAIRE 8.375 .250 8.125 .0500 8.075 01/01/2028
600126774 NOZARI,DARIUSH 8.375 .250 8.125 .0500 8.075 01/01/2028
600126775 RENTZ,LINDA 7.875 .250 7.625 .0500 7.575 01/01/2028
600126776 NAYLOR,SHAIRON 8.625 .250 8.375 .0500 8.325 01/01/2028
600126777 VILLALOBOS JR,JESUS 8.250 .250 8.000 .0500 7.950 01/01/2028
600126778 BOTT JR,HOWARD 7.875 .250 7.625 .0500 7.575 01/01/2028
600126779 HAWKINS,MARK 8.250 .250 8.000 .0500 7.950 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126766 PANAMENO,SANTOS 1291673 $741.49 02/01/1998 360
600126767 SHARIF,TASNIM 1291772 $1,012.15 02/01/1998 360
600126768 SACHA,JAN 1291905 $608.06 02/01/1998 360
600126769 GERARDI,JOLENE 1291954 $759.40 02/01/1998 360
600126770 HOFFMAN,JOHN 1292499 $471.30 02/01/1998 360
600126771 RHYNE,P 1292580 $698.50 02/01/1998 360
600126772 AIELLO,WALTER 1292705 $1,066.00 02/01/1998 360
600126773 STEVENS,CLAIRE 1292887 $614.14 02/01/1998 360
600126774 NOZARI,DARIUSH 1293059 $902.21 02/01/1998 360
600126775 RENTZ,LINDA 1293141 $887.85 02/01/1998 360
600126776 NAYLOR,SHAIRON 1293406 $407.56 02/01/1998 360
600126777 VILLALOBOS JR,JESUS 1293463 $413.20 02/01/1998 360
600126778 BOTT JR,HOWARD 1293471 $942.59 02/01/1998 360
600126779 HAWKINS,MARK 1293711 $1,188.88 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126766 PANAMENO,SANTOS .00 .00 .00 .000 .250 .300 $138,500.00 N
600126767 SHARIF,TASNIM .00 .00 .00 .000 .250 .300 $180,000.00 N
600126768 SACHA,JAN .00 .00 .00 .000 .250 .300 $148,500.00 N
600126769 GERARDI,JOLENE .00 .00 .00 .000 .250 .300 $135,000.00 N
600126770 HOFFMAN,JOHN .00 .00 .00 .000 .250 .300 $330,000.00 N
600126771 RHYNE,P .00 .00 .00 .000 .250 .300 $130,000.00 N
600126772 AIELLO,WALTER .00 .00 .00 .000 .250 .300 $188,000.00 N
600126773 STEVENS,CLAIRE .00 .00 .00 .000 .250 .300 $110,000.00 N
600126774 NOZARI,DARIUSH .00 .00 .00 .000 .250 .300 $156,000.00 N
600126775 RENTZ,LINDA .00 .00 .00 .000 .250 .300 $155,000.00 N
600126776 NAYLOR,SHAIRON .00 .00 .00 .000 .250 .300 $80,000.00 N
600126777 VILLALOBOS JR,JESUS .00 .00 .00 .000 .250 .300 $75,500.00 N
600126778 BOTT JR,HOWARD .00 .00 .00 .000 .250 .300 $200,000.00 N
600126779 HAWKINS,MARK .00 .00 .00 .000 .250 .300 $211,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 122
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126780 LOVELL,TRUDY 2445 KITTREDGE LOVELAND CO 80538 $119,427.61
600126781 LONDON,BRUCE 308 EMERALD COU BURLESON TX 76028 $101,366.80
600126782 HICKMAN,CAROLYN 4805 WENTWORTH FORT WORTH TX 76132 $138,307.14
600126783 SCHLESINGER,LEE 3733 NORTH MOUN TUCSON AZ 85719 $94,089.96
600126784 LOPEZ,JUAN 2415 - 2419 EAS COMPTON CA 90222 $144,907.54
600126785 SINHA,ASHWINI 7505-7511 STUAR WESTMINSTER CO 80030 $155,412.54
600126786 SINHA,ASHWINI 8991- 8997 WEST WHEATRIDGE CO 80033 $155,412.54
600126787 O'CROTTY,WILLIAM 1915 DELWOOD AV DURANGO CO 81301 $99,931.18
600126788 KUCINSKAS,DENNIS 10323 SHERBROOK DALLAS TX 75229 $129,912.78
600126790 CASADAY,WARREN 139 ADAIR STREE DECATUR GA 30030 $148,392.52
600126791 BINGHAM,ROBERT 8710 COUNTRY CR LAS VEGAS NV 89123 $104,927.74
600126792 SHEEHY,CHARLES 11341 WEST TOWN PEORIA AZ 85345 $49,967.29
600126793 KEEGAN,DONALD 1090 MAIN STREE REDWOOD CITY CA 94063 $112,418.57
600126794 FREEMAN,LISA 832 LAKE FOREST CLEARWATER FL 33765 $88,440.62
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126780 LOVELL,TRUDY 8.500 .250 8.250 .0500 8.200 01/01/2028
600126781 LONDON,BRUCE 7.875 .250 7.625 .0500 7.575 01/01/2028
600126782 HICKMAN,CAROLYN 8.000 .250 7.750 .0500 7.700 01/01/2028
600126783 SCHLESINGER,LEE 8.250 .250 8.000 .0500 7.950 01/01/2028
600126784 LOPEZ,JUAN 8.250 .250 8.000 .0500 7.950 01/01/2028
600126785 SINHA,ASHWINI 8.875 .250 8.625 .0500 8.575 01/01/2028
600126786 SINHA,ASHWINI 8.875 .250 8.625 .0500 8.575 01/01/2028
600126787 O'CROTTY,WILLIAM 7.875 .250 7.625 .0500 7.575 01/01/2028
600126788 KUCINSKAS,DENNIS 8.000 .250 7.750 .0500 7.700 01/01/2028
600126790 CASADAY,WARREN 7.625 .250 7.375 .0500 7.325 01/01/2028
600126791 BINGHAM,ROBERT 7.875 .250 7.625 .0500 7.575 01/01/2028
600126792 SHEEHY,CHARLES 8.125 .250 7.875 .0500 7.825 01/01/2028
600126793 KEEGAN,DONALD 7.625 .250 7.375 .0500 7.325 01/01/2028
600126794 FREEMAN,LISA 8.000 .250 7.750 .0500 7.700 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126780 LOVELL,TRUDY 1293729 $918.85 02/01/1998 360
600126781 LONDON,BRUCE 1293745 $735.95 02/01/1998 360
600126782 HICKMAN,CAROLYN 1294115 $1,015.53 02/01/1998 360
600126783 SCHLESINGER,LEE 1294214 $707.32 02/01/1998 360
600126784 LOPEZ,JUAN 1294529 $1,089.34 02/01/1998 360
600126785 SINHA,ASHWINI 1294545 $1,241.21 02/01/1998 360
600126786 SINHA,ASHWINI 1294602 $1,241.21 02/01/1998 360
600126787 O'CROTTY,WILLIAM 1294743 $725.07 02/01/1998 360
600126788 KUCINSKAS,DENNIS 1295153 $953.89 02/01/1998 360
600126790 CASADAY,WARREN 1295997 $1,051.07 02/01/1998 360
600126791 BINGHAM,ROBERT 1296334 $761.32 02/01/1998 360
600126792 SHEEHY,CHARLES 1296359 $371.25 02/01/1998 360
600126793 KEEGAN,DONALD 1296490 $796.27 02/01/1998 360
600126794 FREEMAN,LISA 1296631 $649.38 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126780 LOVELL,TRUDY .00 .00 .00 .000 .250 .300 $160,000.00 N
600126781 LONDON,BRUCE .00 .00 .00 .000 .250 .300 $162,000.00 N
600126782 HICKMAN,CAROLYN .00 .00 .00 .000 .250 .300 $176,000.00 N
600126783 SCHLESINGER,LEE .00 .00 .00 .000 .250 .300 $135,000.00 N
600126784 LOPEZ,JUAN .00 .00 .00 .000 .250 .300 $185,000.00 N
600126785 SINHA,ASHWINI .00 .00 .00 .000 .250 .300 $195,000.00 N
600126786 SINHA,ASHWINI .00 .00 .00 .000 .250 .300 $200,000.00 N
600126787 O'CROTTY,WILLIAM .00 .00 .00 .000 .250 .300 $175,000.00 N
600126788 KUCINSKAS,DENNIS .00 .00 .00 .000 .250 .300 $208,000.00 N
600126790 CASADAY,WARREN .00 .00 .00 .000 .250 .300 $198,000.00 N
600126791 BINGHAM,ROBERT .00 .00 .00 .000 .250 .300 $160,000.00 N
600126792 SHEEHY,CHARLES .00 .00 .00 .000 .250 .300 $70,000.00 N
600126793 KEEGAN,DONALD .00 .00 .00 .000 .250 .300 $150,000.00 N
600126794 FREEMAN,LISA .00 .00 .00 .000 .250 .300 $122,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 123
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126795 COST,CHARLES 308 VISTA DEL R EL PASO TX 79912 $114,726.80
600126796 KLIMEK,KATHERINE 23 WEST 465 SPY NAPERVILLE IL 60540 $131,911.43
600126797 CHIPMAN,CATHERINE 609 WEST 4TH ST NEDERLAND CO 80466 $104,874.04
600126799 KRESS,JUAN 4505 FOUNTAIN A LOS ANGELES CA 90029 $101,180.32
600126819 OLIVERA, MARIA 2097 SANTA ANA COSTA MESA CA 92627 $203,589.39
600126820 TODD, ROBERT 8720 COPPERTOWN DALLAS TX 75243 $115,090.86
600126823 HOLIBAUGH, ROBERT 3805 ROUEN COUR SAN JOSE CA 95127 $210,398.52
600126826 DONDANVILLE, GARY 24398 ALTA VIST DANA POINT CA 92629 $206,890.88
600126828 KELMAN, PHILLIP 14710 IRONDALE AUSTIN TX 78717 $171,762.48
600126829 FLEMING, DAVID 1315 HAT CREEK SOUTHLAKE TX 76092 $207,891.69
600126832 THOMPSON, JR, ROGER 1508 WEST 31ST AUSTIN TX 78703 $139,017.26
600126833 McLEAN, JAMES 3619 VILLAGE RO CONCORD CA 94519 $107,850.87
600126844 HUMPHREY, JAMES 3712 COOKSTOWN AUSTIN TX 78759 $79,087.84
600126845 MCCOLLUM, MICHAEL 12611 DRINGENBE AUSTIN TX 78729 $95,061.76
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126795 COST,CHARLES 8.250 .250 8.000 .0500 7.950 01/01/2028
600126796 KLIMEK,KATHERINE 8.000 .250 7.750 .0500 7.700 01/01/2028
600126797 CHIPMAN,CATHERINE 7.625 .250 7.375 .0500 7.325 01/01/2028
600126799 KRESS,JUAN 7.875 .250 7.625 .0500 7.575 01/01/2028
600126819 OLIVERA, MARIA 7.625 .250 7.375 .0500 7.325 12/01/2027
600126820 TODD, ROBERT 7.875 .250 7.625 .0500 7.575 12/01/2027
600126823 HOLIBAUGH, ROBERT 7.750 .250 7.500 .0500 7.450 10/01/2027
600126826 DONDANVILLE, GARY 7.750 .250 7.500 .0500 7.450 12/01/2027
600126828 KELMAN, PHILLIP 7.875 .250 7.625 .0500 7.575 12/01/2027
600126829 FLEMING, DAVID 7.375 .250 7.125 .0500 7.075 01/01/2028
600126832 THOMPSON, JR, ROGER 8.125 .250 7.875 .0500 7.825 12/01/2027
600126833 McLEAN, JAMES 7.875 .250 7.625 .0500 7.575 12/01/2027
600126844 HUMPHREY, JAMES 7.750 .250 7.500 .0500 7.450 12/01/2027
600126845 MCCOLLUM, MICHAEL 7.625 .250 7.375 .0500 7.325 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126795 COST,CHARLES 1296771 $862.45 02/01/1998 360
600126796 KLIMEK,KATHERINE 1297092 $968.57 02/01/1998 360
600126797 CHIPMAN,CATHERINE 1297183 $742.83 02/01/1998 360
600126799 KRESS,JUAN 1301456 $734.13 02/01/1998 360
600126819 OLIVERA, MARIA 1063460 $1,443.90 02/01/1998 360
600126820 TODD, ROBERT 1187103 $835.64 02/01/1998 360
600126823 HOLIBAUGH, ROBERT 1244730 $1,511.63 02/01/1998 360
600126826 DONDANVILLE, GARY 1255033 $1,484.41 02/01/1998 360
600126828 KELMAN, PHILLIP 1260041 $1,247.12 02/01/1998 360
600126829 FLEMING, DAVID 1260926 $1,436.95 02/01/1998 360
600126832 THOMPSON, JR, ROGER 1262005 $1,033.56 02/01/1998 360
600126833 McLEAN, JAMES 1262963 $783.07 02/01/1998 360
600126844 HUMPHREY, JAMES 1278944 $567.40 02/01/1998 360
600126845 MCCOLLUM, MICHAEL 1279009 $673.82 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126795 COST,CHARLES .00 .00 .00 .000 .250 .300 $145,000.00 N
600126796 KLIMEK,KATHERINE .00 .00 .00 .000 .250 .300 $170,000.00 N
600126797 CHIPMAN,CATHERINE .00 .00 .00 .000 .250 .300 $145,000.00 N
600126799 KRESS,JUAN .00 .00 .00 .000 .250 .300 $135,000.00 N
600126819 OLIVERA, MARIA $255,000.00 N
600126820 TODD, ROBERT $144,114.00 N
600126823 HOLIBAUGH, ROBERT $265,000.00 N
600126826 DONDANVILLE, GARY $265,000.00 N
600126828 KELMAN, PHILLIP $215,000.00 N
600126829 FLEMING, DAVID $265,000.00 N
600126832 THOMPSON, JR, ROGER $174,000.00 N
600126833 McLEAN, JAMES $136,000.00 N
600126844 HUMPHREY, JAMES $100,000.00 N
600126845 MCCOLLUM, MICHAEL $121,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 124
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126849 MAGUIRE, NANCY 19807 CHERRY OA HUMBLE TX 77346 $142,749.18
600126852 OSBORNE, RICK 9981 DENNI STRE CYPRESS CA 90630 $203,859.61
600126855 NEDRY, JAMES 294 OAKWOOD CIR LOMPOC CA 93436 $121,511.99
600126858 HAYNAM, MITCHELL 6518 VIA DEL PR CHINO HILLS CA 91709 $169,480.29
600126861 LAKE, ELIZABETH 2800 ATWOOD RD, ATLANTA GA 30305 $222,830.31
600126862 STEVENS, MAUREEN 209 SOUTH POPLA BREA CA 92821 $204,248.31
600126863 WRIGHT, ANDREA 541 KINGS ROAD DOUBLE OAK TX 75067 $197,713.84
600126864 SCAMARDO, MICHAEL 2129 STEVENSON FLOWER MOUND TX 75028 $124,060.14
600126877 WEST, STEPHEN 202 DEER BREEK GREENVILLE NC 27834 $199,865.80
600126900 VAUGHN, DANIEL 1781 COSTA VERD VISTA CA 92084 $186,883.76
600126902 WRIGHT, PAUL 10132 VALLEY FO HUNTINGTON BEAC CA 92646 $185,861.96
600126908 HORN, ROBERT 822 (A,B,C,D) 1 HERMOSA BEACH CA 90254 $208,863.28
600126925 FREED, DOUGLAS 2202 IRIS STREE LAKEWOOD CO 80215 $224,807.32
600126928 MARSHALL, SUSAN 225 SOUTH FRANK DENVER CO 80209 $189,669.38
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126849 MAGUIRE, NANCY 7.750 .250 7.500 .0500 7.450 01/01/2028
600126852 OSBORNE, RICK 7.875 .250 7.625 .0500 7.575 01/01/2028
600126855 NEDRY, JAMES 7.625 .250 7.375 .0500 7.325 01/01/2028
600126858 HAYNAM, MITCHELL 7.750 .250 7.500 .0500 7.450 01/01/2028
600126861 LAKE, ELIZABETH 7.375 .250 7.125 .0500 7.075 01/01/2028
600126862 STEVENS, MAUREEN 7.500 .250 7.250 .0500 7.200 01/01/2028
600126863 WRIGHT, ANDREA 7.875 .250 7.625 .0500 7.575 01/01/2028
600126864 SCAMARDO, MICHAEL 7.625 .250 7.375 .0500 7.325 01/01/2028
600126877 WEST, STEPHEN 8.000 .250 7.750 .0500 7.700 01/01/2028
600126900 VAUGHN, DANIEL 8.375 .250 8.125 .0500 8.075 01/01/2028
600126902 WRIGHT, PAUL 7.500 .250 7.250 .0500 7.200 01/01/2028
600126908 HORN, ROBERT 8.125 .250 7.875 .0500 7.825 01/01/2028
600126925 FREED, DOUGLAS 7.875 .250 7.625 .0500 7.575 01/01/2028
600126928 MARSHALL, SUSAN 7.875 .250 7.625 .0500 7.575 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126849 MAGUIRE, NANCY 1284199 $1,023.39 02/01/1998 360
600126852 OSBORNE, RICK 1287663 $1,479.14 02/01/1998 360
600126855 NEDRY, JAMES 1292234 $860.68 02/01/1998 360
600126858 HAYNAM, MITCHELL 1294156 $1,215.04 02/01/1998 360
600126861 LAKE, ELIZABETH 1297860 $1,540.21 02/01/1998 360
600126862 STEVENS, MAUREEN 1298025 $1,429.19 02/01/1998 360
600126863 WRIGHT, ANDREA 1302363 $1,434.55 02/01/1998 360
600126864 SCAMARDO, MICHAEL 1303239 $878.73 02/01/1998 360
600126877 WEST, STEPHEN 1268812 $1,467.53 02/01/1998 360
600126900 VAUGHN, DANIEL 1280049 $1,421.34 02/01/1998 360
600126902 WRIGHT, PAUL 1280841 $1,300.54 02/01/1998 360
600126908 HORN, ROBERT 1283126 $1,551.82 02/01/1998 360
600126925 FREED, DOUGLAS 1291590 $1,631.41 02/01/1998 360
600126928 MARSHALL, SUSAN 1293380 $1,376.18 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126849 MAGUIRE, NANCY $182,000.00 N
600126852 OSBORNE, RICK $255,000.00 N
600126855 NEDRY, JAMES $152,000.00 N
600126858 HAYNAM, MITCHELL $215,000.00 N
600126861 LAKE, ELIZABETH $390,000.00 N
600126862 STEVENS, MAUREEN $255,500.00 N
600126863 WRIGHT, ANDREA $247,355.00 N
600126864 SCAMARDO, MICHAEL $158,000.00 N
600126877 WEST, STEPHEN $300,000.00 N
600126900 VAUGHN, DANIEL $247,000.00 N
600126902 WRIGHT, PAUL $233,000.00 N
600126908 HORN, ROBERT $310,000.00 N
600126925 FREED, DOUGLAS $300,000.00 N
600126928 MARSHALL, SUSAN $315,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 125
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129471 VARTANIAN,EDWARD 215 GLEN MEADOW CT NE ATLANTA GA 30328 $170,000.00
600129741 SUNTOP,BELINDA 1716 GLADSTONE AVE SAN JOSE CA 95124 $217,362.80
600129742 MILLER,JEREMY M 8008 E DEERFIELD LN ORANGE CA 92869 $219,667.49
600129745 HERRERA 10831 SW 117TH PL MIAMI FL 33186 $50,509.88
600129746 REHM 9000 CARLYLE AVE SUFSIDE FL 33154 $56,317.54
600129747 VELENCHENKO 4810 TERRANCEVIEW LANE NO PLYMOUTH MN 55446 $62,992.09
600129748 HACKETT 11731 NW 11TH ST PEMBROKE PINES FL 33026 $66,878.17
600129749 PEREZ 8355 NW 171ST ST MIAMI FL 33015 $72,862.94
600129750 ZENOZ 9488 SW 146TH PL MIAMI FL 33186 $100,373.39
600129751 HOFFMAN 3993 NORTH VILLAGE ROUND PARK CITY UT 84060 $121,271.61
600129752 KESTRAN 4006 SANTIAGO ST TAMPA FL 33629 $136,228.98
600129753 SHENKER 9 DECICCO DR FREEHOLD NJ 07728 $155,352.23
600129754 SAEGER 3900 SHEARWATER DR JUPITER FL 33477 $169,408.26
600129755 BELLIGAN 2827 GREENBRIAR LN MINNETONKA MN 55343 $181,672.70
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129471 VARTANIAN,EDWARD 7.375 .250 7.125 .0500 7.075 02/01/2028
600129741 SUNTOP,BELINDA 7.625 .250 7.375 .0500 7.325 10/01/2027
600129742 MILLER,JEREMY M 7.625 .250 7.375 .0500 7.325 10/01/2027
600129745 HERRERA 7.250 .250 7.000 .0500 6.950 01/01/2016
600129746 REHM 7.250 .250 7.000 .0500 6.950 06/01/2023
600129747 VELENCHENKO 7.750 .250 7.500 .0500 7.450 05/01/2022
600129748 HACKETT 7.500 .250 7.250 .0500 7.200 09/01/2022
600129749 PEREZ 7.250 .250 7.000 .0500 6.950 05/01/2024
600129750 ZENOZ 6.750 .250 6.500 .0500 6.450 04/01/2023
600129751 HOFFMAN 11.625 .250 11.375 .0500 11.325 07/01/2015
600129752 KESTRAN 7.750 .250 7.500 .0500 7.450 10/01/2025
600129753 SHENKER 7.250 .250 7.000 .0500 6.950 12/01/2022
600129754 SAEGER 7.500 .250 7.250 .0500 7.200 06/01/2024
600129755 BELLIGAN 7.750 .250 7.500 .0500 7.450 04/01/2019
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129471 VARTANIAN,EDWARD 959258 $1,174.15 02/01/1998 360
600129741 SUNTOP,BELINDA 7109874 $1,543.00 02/01/1998 360
600129742 MILLER,JEREMY M 7110110 $1,560.69 12 02/01/1998 360
600129745 HERRERA 12710 $420.80 02/01/1998 360
600129746 REHM 37020 $405.90 02/01/1998 360
600129747 VELENCHENKO 32890 $480.72 02/01/1998 360
600129748 HACKETT 34620 $497.17 2 02/01/1998 360
600129749 PEREZ 40580 $518.46 02/01/1998 360
600129750 ZENOZ 36920 $691.73 2 02/01/1998 360
600129751 HOFFMAN 5430 $1,377.28 02/01/1998 360
600129752 KESTRAN 34760 $997.44 02/01/1998 396
600129753 SHENKER 35650 $1,125.60 02/01/1998 360
600129754 SAEGER 40900 $1,230.62 02/01/1998 360
600129755 BELLIGAN 15330 $1,470.66 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129471 VARTANIAN,EDWARD $274,000.00 N
600129741 SUNTOP,BELINDA $275,000.00 N
600129742 MILLER,JEREMY M $245,000.00 N
600129745 HERRERA $69,000.00 N
600129746 REHM $142,000.00 N
600129747 VELENCHENKO $101,000.00 N
600129748 HACKETT $79,000.00 N
600129749 PEREZ $102,000.00 N
600129750 ZENOZ $118,500.00 N
600129751 HOFFMAN $145,000.00 N
600129752 KESTRAN $205,000.00 N
600129753 SHENKER $250,000.00 N
600129754 SAEGER $240,000.00 N
600129755 BELLIGAN $265,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 126
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 10:59:49 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1416 POOL NAME: 1998-2 Group 1
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
LOAN # OF CURRENT P ROPERTY ORIG LOAN
** POOL ----- ------- ------- - -------- --------- -----
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
LOAN # OF ------ ------ ------ ----- ------
** POOL ----- ------- ------ ------ ------ ----- ------
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
LOAN # OF COUNT BUYDOWN BALANE VALUE AMOU
** POOL ----- ------- ** TOTAL 1750 00 218,66,990.17 304,291,906.75 2
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LOAN # OF NT P & I
** POOL ----- ------- 19,119,395.82 1,660,575.22
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 1
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125029 ZUNIGA,JACINTO,MARILOU 3215 TERRACE BEACH DRIVE VALLEJO CA 94590 $182,060.70
600125030 LIGOTTI,JOSEPH,JULIA 5369 EDITH STREET LAS VEGAS NV 89120 $64,207.48
600125031 HAGEN,JAMES,PAMELA 14844 NORTHEAST 11TH PLAC BELLEVUE WA 98007 $191,877.57
600125034 MORSE,BRADLEY 2333 EAST SOUTHERN AVENUE TEMPE AZ 85282 $55,961.46
600125044 FINNESTON/ZUNIG,BENJAMIN/ 21475 STARRETT HILL DRIVE MONTE RIO CA 95462 $163,810.60
600125047 SELANDER/KLAASS,ERNEST/KA 2520 25TH STREET SAN FRANCISCO CA 94110 $134,818.24
600125055 GAMMEL,CATHERINE,DOUGL 461 PALMERS DRIVE SILVERTHORNE CO 80498 $156,113.74
600125058 WATSON,MICHAEL 518 PUTNAM STREET MEDFORD OR 97501 $76,710.11
600125059 LAKE,DONALD 108 SNOWSHOE BRECKENRIDGE CO 80424 $149,613.43
600125063 BENZER,HAROLD 1675 PECAN ORCHARD LANE LAS VEGAS NV 89123 $119,223.93
600125069 PEREDA,CONRADO,MA.AUXI 11980 NORTHEAST WORDEN HI NEWBERG OR 97132 $179,662.01
600125072 BRADSHAW,GREGORY 496 MAPLE STREET YONCALLA OR 97499 $66,058.92
600125073 FARLEY,LOUIS,JOANN 22924 HIGHWAY 140 HESPERUS CO 81326 $145,987.21
600125075 AGUILAR,ALLISON,JOSE 230 EAST KRISTA WAY TEMPE AZ 85284 $217,770.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125029 ZUNIGA,JACINTO,MARILOU 8.125 .250 7.875 .0400 7.835 12/01/2012
600125030 LIGOTTI,JOSEPH,JULIA 8.375 .250 8.125 .0400 8.085 11/01/2012
600125031 HAGEN,JAMES,PAMELA 8.250 .250 8.000 .0400 7.960 01/01/2013
600125034 MORSE,BRADLEY 7.875 .250 7.625 .0400 7.585 01/01/2013
600125044 FINNESTON/ZUNIG,BENJAMIN/ 8.750 .250 8.500 .0400 8.460 12/01/2012
600125047 SELANDER/KLAASS,ERNEST/KA 8.000 .250 7.750 .0400 7.710 12/01/2012
600125055 GAMMEL,CATHERINE,DOUGL 8.500 .250 8.250 .0400 8.210 11/01/2012
600125058 WATSON,MICHAEL 9.250 .250 9.000 .0400 8.960 12/01/2012
600125059 LAKE,DONALD 8.250 .250 8.000 .0400 7.960 11/01/2012
600125063 BENZER,HAROLD 8.250 .250 8.000 .0400 7.960 01/01/2013
600125069 PEREDA,CONRADO,MA.AUXI 8.375 .250 8.125 .0400 8.085 11/01/2012
600125072 BRADSHAW,GREGORY 10.625 .250 10.375 .0400 10.335 10/01/2012
600125073 FARLEY,LOUIS,JOANN 8.125 .250 7.875 .0400 7.835 12/01/2012
600125075 AGUILAR,ALLISON,JOSE 8.250 .250 8.000 .0400 7.960 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125029 ZUNIGA,JACINTO,MARILOU 495892 $1,353.57 02/01/1998 180
600125030 LIGOTTI,JOSEPH,JULIA 496102 $489.49 02/01/1998 180
600125031 HAGEN,JAMES,PAMELA 496150 $1,442.43 02/01/1998 180
600125034 MORSE,BRADLEY 496203 $406.04 02/01/1998 180
600125044 FINNESTON/ZUNIG,BENJAMIN/ 496280 $1,290.19 02/01/1998 180
600125047 SELANDER/KLAASS,ERNEST/KA 496289 $990.58 02/01/1998 180
600125055 GAMMEL,CATHERINE,DOUGL 503258 $1,202.58 02/01/1998 180
600125058 WATSON,MICHAEL 504864 $633.46 02/01/1998 180
600125059 LAKE,DONALD 507783 $1,126.90 02/01/1998 180
600125063 BENZER,HAROLD 508135 $896.26 02/01/1998 180
600125069 PEREDA,CONRADO,MA.AUXI 517807 $1,368.13 02/01/1998 180
600125072 BRADSHAW,GREGORY 518389 $612.68 02/01/1998 180
600125073 FARLEY,LOUIS,JOANN 518835 $1,091.47 02/01/1998 180
600125075 AGUILAR,ALLISON,JOSE 521214 $1,638.14 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125029 ZUNIGA,JACINTO,MARILOU $243,130.00 N
600125030 LIGOTTI,JOSEPH,JULIA $92,000.00 N
600125031 HAGEN,JAMES,PAMELA $242,000.00 N
600125034 MORSE,BRADLEY $70,000.00 N
600125044 FINNESTON/ZUNIG,BENJAMIN/ $205,000.00 N
600125047 SELANDER/KLAASS,ERNEST/KA $200,000.00 N
600125055 GAMMEL,CATHERINE,DOUGL $184,000.00 N
600125058 WATSON,MICHAEL $110,000.00 N
600125059 LAKE,DONALD $197,500.00 N
600125063 BENZER,HAROLD $170,000.00 N
600125069 PEREDA,CONRADO,MA.AUXI $225,000.00 N
600125072 BRADSHAW,GREGORY $102,000.00 N
600125073 FARLEY,LOUIS,JOANN $220,000.00 N
600125075 AGUILAR,ALLISON,JOSE $272,590.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 2
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125076 WARDELL,RICHARD,THERESA 25650 NORTH WRANGLER ROAD SCOTTSDALE AZ 85255 $215,723.57
600125077 GONZALES,JESUS 4650 EAST MOUNTAIN VISTA PHOENIX AZ 85044 $126,567.16
600125078 HANDLEY,ELIZABETH 1560 STERLING CREEK ROAD JACKSONVILLE OR 97530 $144,605.04
600125080 BLAKELY,DARRELL,KATHERI 5662 EAST EVANS CREEK ROA ROGUE RIVER OR 97537 $96,593.71
600125084 SCHWARM,ERIC,MARY 2328 RIDGE WAY MEDFORD OR 97504 $159,789.95
600125087 CHAMBERLAIN,JEREMIAH 2398 SPRINGBROOK ROAD MEDFORD OR 97504 $126,860.06
600125089 STEVENS,GREGORY,ANNA 465 WEST SHENANDOAH STREE ROSEBURG OR 97470 $71,910.19
600125091 BLOOM,NORMAN,KAYE 117 KATHLEEN TERRACE SHADY COVE OR 97539 $115,418.48
600125103 FIERO/FRIENDENT,BRUCE/FRI 505 WAGNER CREEK ROAD TALENT OR 97540 $79,947.67
600125107 SHUMAN,DONALD,BEVERLY 927 AND 929 NORTHEAST 8TH GRANTS PASS OR 97526 $91,947.07
600125116 GETTEN,LINDA 87432 HALDERSON ROAD EUGENE OR 97402 $202,726.68
600125117 BIRCHAK,PAUL 41 NORTH ADAMS STREET EUGENE OR 97402 $103,074.52
600125118 BRICHUK,ANDREY 955 19TH STREET NORTHEAST SALEM OR 97301 $98,274.07
600125119 OGLE,RAY D. 1715 NORTH GARFIELD AVENU POCATELLO ID 83204 $47,042.72
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125076 WARDELL,RICHARD,THERESA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125077 GONZALES,JESUS 8.125 .250 7.875 .0400 7.835 01/01/2013
600125078 HANDLEY,ELIZABETH 8.000 .250 7.750 .0400 7.710 12/01/2012
600125080 BLAKELY,DARRELL,KATHERI 7.750 .250 7.500 .0400 7.460 11/01/2012
600125084 SCHWARM,ERIC,MARY 8.125 .250 7.875 .0400 7.835 12/01/2012
600125087 CHAMBERLAIN,JEREMIAH 8.000 .250 7.750 .0400 7.710 12/01/2012
600125089 STEVENS,GREGORY,ANNA 8.375 .250 8.125 .0400 8.085 12/01/2012
600125091 BLOOM,NORMAN,KAYE 7.750 .250 7.500 .0400 7.460 01/01/2013
600125103 FIERO/FRIENDENT,BRUCE/FRI 8.125 .250 7.875 .0400 7.835 01/01/2013
600125107 SHUMAN,DONALD,BEVERLY 8.750 .250 8.500 .0400 8.460 01/01/2013
600125116 GETTEN,LINDA 8.000 .250 7.750 .0400 7.710 12/01/2012
600125117 BIRCHAK,PAUL 8.500 .250 8.250 .0400 8.210 12/01/2012
600125118 BRICHUK,ANDREY 8.250 .250 8.000 .0400 7.960 12/01/2012
600125119 OGLE,RAY D. 8.500 .250 8.250 .0400 8.210 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125076 WARDELL,RICHARD,THERESA 521299 $1,622.74 02/01/1998 180
600125077 GONZALES,JESUS 521335 $940.37 02/01/1998 180
600125078 HANDLEY,ELIZABETH 522430 $1,062.49 02/01/1998 180
600125080 BLAKELY,DARRELL,KATHERI 522562 $693.49 02/01/1998 180
600125084 SCHWARM,ERIC,MARY 522629 $1,188.00 2 02/01/1998 180
600125087 CHAMBERLAIN,JEREMIAH 522649 $1,219.41 02/01/1998 180
600125089 STEVENS,GREGORY,ANNA 522660 $547.25 02/01/1998 180
600125091 BLOOM,NORMAN,KAYE 522672 $827.46 02/01/1998 180
600125103 FIERO/FRIENDENT,BRUCE/FRI 522718 $594.00 02/01/1998 180
600125107 SHUMAN,DONALD,BEVERLY 522723 $723.76 02/01/1998 180
600125116 GETTEN,LINDA 526029 $1,489.54 02/01/1998 180
600125117 BIRCHAK,PAUL 526031 $793.52 02/01/1998 180
600125118 BRICHUK,ANDREY 526046 $739.25 02/01/1998 180
600125119 OGLE,RAY D. 526048 $362.16 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125076 WARDELL,RICHARD,THERESA $270,000.00 N
600125077 GONZALES,JESUS $168,875.00 N
600125078 HANDLEY,ELIZABETH $185,000.00 N
600125080 BLAKELY,DARRELL,KATHERI $121,000.00 N
600125084 SCHWARM,ERIC,MARY $173,000.00 N
600125087 CHAMBERLAIN,JEREMIAH $159,500.00 N
600125089 STEVENS,GREGORY,ANNA $90,000.00 N
600125091 BLOOM,NORMAN,KAYE $154,000.00 N
600125103 FIERO/FRIENDENT,BRUCE/FRI $100,000.00 N
600125107 SHUMAN,DONALD,BEVERLY $119,500.00 N
600125116 GETTEN,LINDA $545,000.00 N
600125117 BIRCHAK,PAUL $129,000.00 N
600125118 BRICHUK,ANDREY $123,000.00 N
600125119 OGLE,RAY D. $58,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 3
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125120 BABICH,PETER 393 SYCAMORE AVENUE WOODBURN OR 97071 $91,876.13
600125125 BORLAND,KEVIN 9415 NORTH FAIRHAVEN AVEN PORTLAND OR 97203 $47,973.78
600125129 PHENGSAVANH,PAKHONG 2515 SOUTH EDMUNDS STREET SEATTLE WA 98108 $129,615.92
600125131 DAVIS,KIM 1421 EAST MILLER ROAD SPANGLE WA 99031 $70,414.28
600125135 BYCROFT/GREENWE,JOSEPH/JO 1070-1072 SOUTH 300 EAST SALT LAKE CITY UT 84111 $99,018.44
600125136 KINDIG,GUY,KIMBERLY 0099 DEER RUN CARBONDALE CO 81623 $201,164.93
600125137 GALLAGHER,MICHAEL 114 SOUTH HARRIS STREET BRECKENRIDGE CO 80424 $203,232.86
600125140 STOUT,BARRY 4664 DIVIDE CREEK ROAD NEW CASTLE CO 81647 $165,787.57
600125142 GOODMAN,CHARLES,LEILANI 776 EAST 930 NORTH PLEASANT GROVE UT 84062 $143,815.73
600125143 BEAL,BRYAN,LETITIA 375 GLADSTONE STREET IDAHO FALLS ID 83401 $70,316.58
600125144 JOHNSTON,IRENE 7668 SOUTH QUICKSILVER DR SALT LAKE CITY UT 84121 $209,723.16
600125145 CLUNIE/CLUNIE,JAMES/JON 329 MAHER ROAD WATSONVILLE CA 95076 $132,848.37
600125147 FAULKNER,CARLA 949 EAST WICKIEUP LANE PHOENIX AZ 85024 $91,097.36
600125149 SHANK,CAROLE 12020 NORTH 36TH PLACE PHOENIX AZ 85028 $90,292.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125120 BABICH,PETER 8.000 .250 7.750 .0400 7.710 12/01/2012
600125125 BORLAND,KEVIN 9.000 .250 8.750 .0400 8.710 01/01/2013
600125129 PHENGSAVANH,PAKHONG 7.750 .250 7.500 .0400 7.460 01/01/2013
600125131 DAVIS,KIM 8.500 .250 8.250 .0400 8.210 12/01/2012
600125135 BYCROFT/GREENWE,JOSEPH/JO 8.500 .250 8.250 .0400 8.210 11/01/2012
600125136 KINDIG,GUY,KIMBERLY 8.000 .250 7.750 .0400 7.710 01/01/2013
600125137 GALLAGHER,MICHAEL 8.125 .250 7.875 .0400 7.835 12/01/2012
600125140 STOUT,BARRY 8.250 .250 8.000 .0400 7.960 12/01/2012
600125142 GOODMAN,CHARLES,LEILANI 8.250 .250 8.000 .0400 7.960 12/01/2012
600125143 BEAL,BRYAN,LETITIA 8.625 .250 8.375 .0400 8.335 12/01/2012
600125144 JOHNSTON,IRENE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125145 CLUNIE/CLUNIE,JAMES/JON 8.500 .250 8.250 .0400 8.210 11/01/2012
600125147 FAULKNER,CARLA 8.875 .250 8.625 .0400 8.585 12/01/2012
600125149 SHANK,CAROLE 8.625 .250 8.375 .0400 8.335 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125120 BABICH,PETER 526052 $675.06 02/01/1998 180
600125125 BORLAND,KEVIN 526891 $386.22 02/01/1998 180
600125129 PHENGSAVANH,PAKHONG 528510 $1,223.66 02/01/1998 180
600125131 DAVIS,KIM 528794 $542.08 02/01/1998 180
600125135 BYCROFT/GREENWE,JOSEPH/JO 530282 $762.76 02/01/1998 180
600125136 KINDIG,GUY,KIMBERLY 530353 $1,477.07 02/01/1998 180
600125137 GALLAGHER,MICHAEL 530363 $1,510.98 02/01/1998 180
600125140 STOUT,BARRY 530383 $1,247.10 02/01/1998 180
600125142 GOODMAN,CHARLES,LEILANI 530428 $1,081.82 02/01/1998 180
600125143 BEAL,BRYAN,LETITIA 530441 $547.56 02/01/1998 180
600125144 JOHNSTON,IRENE 530467 $1,577.66 02/01/1998 180
600125145 CLUNIE/CLUNIE,JAMES/JON 530491 $1,030.34 02/01/1998 180
600125147 FAULKNER,CARLA 530538 $725.63 02/01/1998 180
600125149 SHANK,CAROLE 530569 $703.12 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125120 BABICH,PETER $115,000.00 N
600125125 BORLAND,KEVIN $60,000.00 N
600125129 PHENGSAVANH,PAKHONG $187,000.00 N
600125131 DAVIS,KIM $94,000.00 N
600125135 BYCROFT/GREENWE,JOSEPH/JO $124,000.00 N
600125136 KINDIG,GUY,KIMBERLY $268,400.00 N
600125137 GALLAGHER,MICHAEL $300,000.00 N
600125140 STOUT,BARRY $225,000.00 N
600125142 GOODMAN,CHARLES,LEILANI $181,000.00 N
600125143 BEAL,BRYAN,LETITIA $88,000.00 N
600125144 JOHNSTON,IRENE $325,000.00 N
600125145 CLUNIE/CLUNIE,JAMES/JON $199,000.00 N
600125147 FAULKNER,CARLA $114,000.00 N
600125149 SHANK,CAROLE $113,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 4
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125150 SHAPOS,DEBORAH 6741 EAST BEVERLY LANE SCOTTSDALE AZ 85254 $142,915.57
600125153 TSEFFOS,STEVEN 949 SOUTH MAPLE AVENUE TEMPE AZ 85281 $79,909.96
600125158 SPIGELMYER/RAIN,ANTOINETT 41 WASHINGTON LODE BRECKENRIDGE CO 80424 $211,857.75
600125161 MCLAUGHLIN,KATHRYN 7800 EAST LINCOLN DRIVE SCOTTSDALE AZ 85250 $110,327.78
600125164 TSEFFOS,STEVEN 1022 SOUTH ASH AVENUE TEMPE AZ 85281 $184,196.68
600125171 WILSON,BERT 310 NORTH 300 EAST AMERICAN FORK UT 84003 $72,005.66
600125172 BEUS,KIM,DAVID 2489 NORTH 4425 WEST PLAIN CITY UT 84404 $90,883.56
600125173 ENSIGN,FREDERICK 5184 SOUTH GRAVENSTEIN PA MURRAY UT 84123 $87,754.90
600125174 GILES,KENDRA 2120 EAST LITTLE SWEDEN R HEBER CITY UT 84032 $99,865.37
600125176 ADZIMA,KENNETH 920 PULPIT ROCK CIRCLE SO COLORADO SPRING CO 80918 $116,962.26
600125178 WATTS,DARRELL 9175 CLERMONT DRIVE THORNTON CO 80229 $83,892.51
600125179 MCGAUGHEY,KELLY,CAROLE 601 SECOND STREET INDIAN ROCKS BE FL 33785 $116,806.83
600125183 GEDDES,SYLVIA M 505 EAST DOMINGUES DRIVE IVINS UT 84738 $111,910.44
600125185 BROPHY,PATRICK, MARIET 5921 EAST 11TH AVENUE SPOKANE WA 99212 $78,302.20
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125150 SHAPOS,DEBORAH 8.625 .250 8.375 .0400 8.335 01/01/2013
600125153 TSEFFOS,STEVEN 8.875 .250 8.625 .0400 8.585 12/01/2012
600125158 SPIGELMYER/RAIN,ANTOINETT 8.000 .250 7.750 .0400 7.710 01/01/2013
600125161 MCLAUGHLIN,KATHRYN 8.125 .250 7.875 .0400 7.835 01/01/2013
600125164 TSEFFOS,STEVEN 8.875 .250 8.625 .0400 8.585 01/01/2013
600125171 WILSON,BERT 8.375 .250 8.125 .0400 8.085 12/01/2012
600125172 BEUS,KIM,DAVID 8.250 .250 8.000 .0400 7.960 12/01/2012
600125173 ENSIGN,FREDERICK 8.375 .250 8.125 .0400 8.085 11/01/2012
600125174 GILES,KENDRA 8.000 .250 7.750 .0400 7.710 12/01/2012
600125176 ADZIMA,KENNETH 8.000 .250 7.750 .0400 7.710 11/01/2012
600125178 WATTS,DARRELL 8.250 .250 8.000 .0400 7.960 12/01/2012
600125179 MCGAUGHEY,KELLY,CAROLE 9.000 .250 8.750 .0400 8.710 11/01/2012
600125183 GEDDES,SYLVIA M 7.125 .250 6.875 .0400 6.835 01/01/2013
600125185 BROPHY,PATRICK, MARIET 8.375 .250 8.125 .0400 8.085 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125150 SHAPOS,DEBORAH 530572 $1,112.24 02/01/1998 180
600125153 TSEFFOS,STEVEN 530612 $636.52 02/01/1998 180
600125158 SPIGELMYER/RAIN,ANTOINETT 530681 $1,555.58 02/01/1998 180
600125161 MCLAUGHLIN,KATHRYN 530714 $819.72 02/01/1998 180
600125164 TSEFFOS,STEVEN 530754 $1,466.37 02/01/1998 180
600125171 WILSON,BERT 531793 $548.01 02/01/1998 180
600125172 BEUS,KIM,DAVID 531813 $683.65 02/01/1998 180
600125173 ENSIGN,FREDERICK 531814 $668.26 02/01/1998 180
600125174 GILES,KENDRA 531817 $733.76 02/01/1998 180
600125176 ADZIMA,KENNETH 532558 $859.97 02/01/1998 180
600125178 WATTS,DARRELL 532771 $631.06 02/01/1998 180
600125179 MCGAUGHEY,KELLY,CAROLE 532797 $941.41 12 02/01/1998 180
600125183 GEDDES,SYLVIA M 535035 $754.56 02/01/1998 180
600125185 BROPHY,PATRICK, MARIET 535304 $595.90 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125150 SHAPOS,DEBORAH $185,000.00 N
600125153 TSEFFOS,STEVEN $100,000.00 N
600125158 SPIGELMYER/RAIN,ANTOINETT $265,500.00 N
600125161 MCLAUGHLIN,KATHRYN $138,000.00 N
600125164 TSEFFOS,STEVEN $250,000.00 N
600125171 WILSON,BERT $103,000.00 N
600125172 BEUS,KIM,DAVID $177,500.00 N
600125173 ENSIGN,FREDERICK $109,900.00 N
600125174 GILES,KENDRA $125,000.00 N
600125176 ADZIMA,KENNETH $146,500.00 N
600125178 WATTS,DARRELL $105,000.00 N
600125179 MCGAUGHEY,KELLY,CAROLE $130,000.00 N
600125183 GEDDES,SYLVIA M $140,513.00 N
600125185 BROPHY,PATRICK, MARIET $98,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 5
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125187 FAUNCE,DANIEL,MELANIE 585 WEST MARTIN KAHLOTUS WA 99335 $75,197.32
600125188 HOELLER,JOHANNA 4343 ROOSEVELT WAY NORTHE SEATTLE WA 98105 $187,771.41
600125189 OU,CHULL,SUNG 14350 NORTHWEST EVERGREEN PORTLAND OR 97229 $223,579.39
600125193 MCLEOD,KEVIN/KIMBERLY 1418 VALLEY AVENUE SUMNER WA 98390 $132,768.76
600125196 WALCHUK,THOMAS 3695 FARGO STREET WEST RICHLAND WA 99353 $108,739.01
600125199 LYLE,CHRISTINE 11304 SOUTHEAST 215TH STR KENT WA 98031 $129,450.34
600125200 PLEIN,PAUL R.,LYNN M. 4121 NORTH 16TH STREET TACOMA WA 98406 $131,826.72
600125201 DOMINICK,JOHN C.,MAXINE 845 WEST ADMIRALTY WAY CAMANO ISLAND WA 98292 $174,176.82
600125202 KELLY,SHAWN 8235 SOUTHWEST SHENANDOAH TUALATIN OR 97062 $65,160.50
600125203 SCHULER,JENNIFER O. 1113 HASTINGS AVENUE PORT TOWNSEND WA 98368 $77,847.47
600125204 PATZER,DOUGLAS, DARLEN 317,319,321 CALIFORNIA HELENA MT 59601 $139,921.52
600125206 MILLER,HUGH,DONNA 6219 228TH STREET SOUTHEA WOODINVILLE WA 98072 $161,792.69
600125208 EVANS,KEITH,CARRIE 5920 SOUTH BRITTANY LANE TEMPE AZ 85283 $123,256.01
600125209 YAZDANI,BIJAN,MAHVASH 9925 NORTH CALLE LOMA LIN TUCSON AZ 85737 $109,777.10
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125187 FAUNCE,DANIEL,MELANIE 8.000 .250 7.750 .0400 7.710 11/01/2012
600125188 HOELLER,JOHANNA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125189 OU,CHULL,SUNG 8.375 .250 8.125 .0400 8.085 11/01/2012
600125193 MCLEOD,KEVIN/KIMBERLY 8.750 .250 8.500 .0400 8.460 11/01/2012
600125196 WALCHUK,THOMAS 8.875 .250 8.625 .0400 8.585 01/01/2013
600125199 LYLE,CHRISTINE 8.750 .250 8.500 .0400 8.460 12/01/2012
600125200 PLEIN,PAUL R.,LYNN M. 8.125 .250 7.875 .0400 7.835 12/01/2012
600125201 DOMINICK,JOHN C.,MAXINE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125202 KELLY,SHAWN 8.500 .250 8.250 .0400 8.210 01/01/2013
600125203 SCHULER,JENNIFER O. 8.250 .250 8.000 .0400 7.960 11/01/2012
600125204 PATZER,DOUGLAS, DARLEN 8.875 .250 8.625 .0400 8.585 01/01/2013
600125206 MILLER,HUGH,DONNA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125208 EVANS,KEITH,CARRIE 8.125 .250 7.875 .0400 7.835 11/01/2012
600125209 YAZDANI,BIJAN,MAHVASH 8.000 .250 7.750 .0400 7.710 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125187 FAUNCE,DANIEL,MELANIE 535485 $552.89 02/01/1998 180
600125188 HOELLER,JOHANNA 535493 $1,445.56 02/01/1998 180
600125189 OU,CHULL,SUNG 535516 $1,702.56 02/01/1998 180
600125193 MCLEOD,KEVIN/KIMBERLY 535726 $1,046.31 02/01/1998 180
600125196 WALCHUK,THOMAS 535771 $865.66 02/01/1998 180
600125199 LYLE,CHRISTINE 535787 $1,019.56 02/01/1998 180
600125200 PLEIN,PAUL R.,LYNN M. 535788 $980.10 02/01/1998 180
600125201 DOMINICK,JOHN C.,MAXINE 535803 $1,310.21 02/01/1998 180
600125202 KELLY,SHAWN 535805 $501.33 02/01/1998 180
600125203 SCHULER,JENNIFER O. 535811 $585.99 02/01/1998 180
600125204 PATZER,DOUGLAS, DARLEN 535814 $1,113.90 02/01/1998 180
600125206 MILLER,HUGH,DONNA 535894 $1,217.05 02/01/1998 180
600125208 EVANS,KEITH,CARRIE 537307 $916.98 2 02/01/1998 180
600125209 YAZDANI,BIJAN,MAHVASH 537348 $807.14 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125187 FAUNCE,DANIEL,MELANIE $94,200.00 N
600125188 HOELLER,JOHANNA $235,000.00 N
600125189 OU,CHULL,SUNG $280,000.00 N
600125193 MCLEOD,KEVIN/KIMBERLY $172,500.00 N
600125196 WALCHUK,THOMAS $136,000.00 N
600125199 LYLE,CHRISTINE $162,000.00 N
600125200 PLEIN,PAUL R.,LYNN M. $165,000.00 N
600125201 DOMINICK,JOHN C.,MAXINE $218,000.00 N
600125202 KELLY,SHAWN $89,450.00 N
600125203 SCHULER,JENNIFER O. $97,500.00 N
600125204 PATZER,DOUGLAS, DARLEN $175,000.00 N
600125206 MILLER,HUGH,DONNA $220,000.00 N
600125208 EVANS,KEITH,CARRIE $130,000.00 N
600125209 YAZDANI,BIJAN,MAHVASH $170,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 6
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125210 LIERMANN,LINDA 11601 NORTH 68TH PLACE SCOTTSDALE AZ 85254 $178,815.89
600125212 LIZANICH,MICHAEL,DAWN 7469 EAST PARKVIEW LANE SCOTTSDALE AZ 85255 $196,883.69
600125213 LABA,KENNETH 5331 WEST MORGAN PLACE CHANDLER AZ 85226 $135,235.36
600125214 BRANDT,ROBERT,SUSAN 1961 PUTNAM PLACE PRESCOTT AZ 86301 $125,775.21
600125216 LANE,CAROLYN 1505 EAST HARVARD STREET PHOENIX AZ 85006 $34,441.54
600125218 ALEXANDER,KURT,MELISSA 4438 NORTH 85TH PLACE SCOTTSDALE AZ 85251 $100,574.39
600125219 BOEGE,RONALD,MONICA 716 WEST IVANHOE STREET GILBERT AZ 85233 $117,689.69
600125221 LAMM,JOHN,KATHY 1073 WEST DAVA DRIVE TEMPE AZ 85283 $97,733.11
600125222 MISTRETTA,CHRISTOPHER 5613 WEST WINNWOOD AVENUE GLENDALE AZ 85304 $80,851.56
600125226 FISHER,JANICE 13721 EAST MORGAN DRIVE GILBERT AZ 85296 $196,724.74
600125227 ANDRO,PAUL,PATRICIA 24925 SOUTH STONEY LAKE D SUN LAKES AZ 85248 $159,897.97
600125230 PETERSON,KEVIN.JENNIFER 10340 NORTH MINERAL SPRIN TUCSON AZ 85737 $97,387.41
600125231 CHANESKE,SHARI 3028 EAST EMILE ZOLA AVEN PHOENIX AZ 85032 $123,756.66
600125232 PHILLIPS,SHARON 2536 EAST HEATHERBRAE DRI PHOENIX AZ 85016 $51,941.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125210 LIERMANN,LINDA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125212 LIZANICH,MICHAEL,DAWN 8.625 .250 8.375 .0400 8.335 01/01/2013
600125213 LABA,KENNETH 8.500 .250 8.250 .0400 8.210 12/01/2012
600125214 BRANDT,ROBERT,SUSAN 8.625 .250 8.375 .0400 8.335 11/01/2012
600125216 LANE,CAROLYN 8.875 .250 8.625 .0400 8.585 11/01/2012
600125218 ALEXANDER,KURT,MELISSA 8.375 .250 8.125 .0400 8.085 12/01/2012
600125219 BOEGE,RONALD,MONICA 8.625 .250 8.375 .0400 8.335 11/01/2012
600125221 LAMM,JOHN,KATHY 8.250 .250 8.000 .0400 7.960 01/01/2013
600125222 MISTRETTA,CHRISTOPHER 8.500 .250 8.250 .0400 8.210 12/01/2012
600125226 FISHER,JANICE 8.375 .250 8.125 .0400 8.085 11/01/2012
600125227 ANDRO,PAUL,PATRICIA 8.250 .250 8.000 .0400 7.960 01/01/2013
600125230 PETERSON,KEVIN.JENNIFER 8.750 .250 8.500 .0400 8.460 12/01/2012
600125231 CHANESKE,SHARI 8.250 .250 8.000 .0400 7.960 12/01/2012
600125232 PHILLIPS,SHARON 8.875 .250 8.625 .0400 8.585 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125210 LIERMANN,LINDA 537372 $1,346.27 02/01/1998 180
600125212 LIZANICH,MICHAEL,DAWN 537389 $1,532.25 2 02/01/1998 180
600125213 LABA,KENNETH 537410 $1,041.11 02/01/1998 180
600125214 BRANDT,ROBERT,SUSAN 537435 $980.02 02/01/1998 180
600125216 LANE,CAROLYN 537448 $274.50 02/01/1998 180
600125218 ALEXANDER,KURT,MELISSA 537457 $765.39 2 02/01/1998 180
600125219 BOEGE,RONALD,MONICA 537466 $917.01 02/01/1998 180
600125221 LAMM,JOHN,KATHY 537473 $742.25 02/01/1998 180
600125222 MISTRETTA,CHRISTOPHER 537476 $622.44 02/01/1998 180
600125226 FISHER,JANICE 537535 $1,939.21 02/01/1998 180
600125227 ANDRO,PAUL,PATRICIA 537541 $1,202.03 02/01/1998 180
600125230 PETERSON,KEVIN.JENNIFER 537561 $767.03 02/01/1998 180
600125231 CHANESKE,SHARI 537583 $931.57 02/01/1998 180
600125232 PHILLIPS,SHARON 537591 $413.74 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125210 LIERMANN,LINDA $224,000.00 N
600125212 LIZANICH,MICHAEL,DAWN $219,013.00 N
600125213 LABA,KENNETH $169,307.00 N
600125214 BRANDT,ROBERT,SUSAN $168,020.00 N
600125216 LANE,CAROLYN $50,070.00 N
600125218 ALEXANDER,KURT,MELISSA $106,000.00 N
600125219 BOEGE,RONALD,MONICA $147,434.00 N
600125221 LAMM,JOHN,KATHY $131,800.00 N
600125222 MISTRETTA,CHRISTOPHER $101,200.00 N
600125226 FISHER,JANICE $248,000.00 N
600125227 ANDRO,PAUL,PATRICIA $200,000.00 N
600125230 PETERSON,KEVIN.JENNIFER $130,000.00 N
600125231 CHANESKE,SHARI $155,000.00 N
600125232 PHILLIPS,SHARON $104,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 7
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125234 TRUJILLO,ARMANDO,SHARON 4741 EAST BRISA DEL SUR TUCSON AZ 85718 $115,070.36
600125235 LEVY,SUSAN 4570 EAST FIFTH STREET TUCSON AZ 85711 $53,939.22
600125236 SHUMAKE,JAN 7017 NORTH 34TH AVENUE PHOENIX AZ 85051 $68,823.21
600125237 TURNAGE,MARVIN,MICHELE 518 WEST SURREY AVENUE PHOENIX AZ 85029 $158,893.26
600125238 LUCAS,FREDERICK,MICHE 11149 EAST KACHINA PLACE DEWEY AZ 86327 $151,828.65
600125239 GOVERNALE,DONNA 1525 MILE HIGH DRIVE PRESCOTT AZ 86301 $77,845.88
600125240 BROWN,THOMAS,SHARON 6290 SOUTH COLONIAL WAY TEMPE AZ 85283 $65,124.70
600125241 BROWN,THOMAS,SHARON 1007 WEST PEGASUS DRIVE TEMPE AZ 85283 $55,935.33
600125244 ARMSTRONG,DENNIS,CAROL 5642 EAST PRESIDIO ROAD SCOTTSDALE AZ 85254 $181,367.60
600125245 CLEVELAND,JOHN,CHRISTINE 1047 EAST GENEVA DRIVE TEMPE AZ 85282 $60,025.04
600125246 SHUFELDT,MARK 3640 NORTH 60TH STREET PHOENIX AZ 85018 $89,941.13
600125247 CORROW,RICHARD 1804 NORTH 74TH PLACE SCOTTSDALE AZ 85257 $92,581.38
600125248 GRUENDER,MATTHEW 5312 EAST VIRGINIA AVENUE PHOENIX AZ 85008 $84,751.21
600125249 NAJERA,ED,PAMELA 5039 WEST YUCCA STREET GLENDALE AZ 85304 $67,959.85
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125234 TRUJILLO,ARMANDO,SHARON 8.875 .250 8.625 .0400 8.585 12/01/2012
600125235 LEVY,SUSAN 8.875 .250 8.625 .0400 8.585 12/01/2012
600125236 SHUMAKE,JAN 8.375 .250 8.125 .0400 8.085 11/01/2012
600125237 TURNAGE,MARVIN,MICHELE 8.375 .250 8.125 .0400 8.085 11/01/2012
600125238 LUCAS,FREDERICK,MICHE 8.625 .250 8.375 .0400 8.335 11/01/2012
600125239 GOVERNALE,DONNA 8.125 .250 7.875 .0400 7.835 11/01/2012
600125240 BROWN,THOMAS,SHARON 8.750 .250 8.500 .0400 8.460 12/01/2012
600125241 BROWN,THOMAS,SHARON 8.750 .250 8.500 .0400 8.460 12/01/2012
600125244 ARMSTRONG,DENNIS,CAROL 8.250 .250 8.000 .0400 7.960 12/01/2012
600125245 CLEVELAND,JOHN,CHRISTINE 8.375 .250 8.125 .0400 8.085 12/01/2012
600125246 SHUFELDT,MARK 8.125 .250 7.875 .0400 7.835 01/01/2013
600125247 CORROW,RICHARD 8.250 .250 8.000 .0400 7.960 12/01/2012
600125248 GRUENDER,MATTHEW 8.750 .250 8.500 .0400 8.460 01/01/2013
600125249 NAJERA,ED,PAMELA 8.625 .250 8.375 .0400 8.335 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125234 TRUJILLO,ARMANDO,SHARON 537628 $916.58 2 02/01/1998 180
600125235 LEVY,SUSAN 537639 $429.65 02/01/1998 180
600125236 SHUMAKE,JAN 537640 $532.05 02/01/1998 180
600125237 TURNAGE,MARVIN,MICHELE 537642 $1,216.12 02/01/1998 180
600125238 LUCAS,FREDERICK,MICHE 537643 $1,183.02 2 02/01/1998 180
600125239 GOVERNALE,DONNA 537648 $579.15 02/01/1998 180
600125240 BROWN,THOMAS,SHARON 537653 $512.93 02/01/1998 180
600125241 BROWN,THOMAS,SHARON 537654 $440.55 02/01/1998 180
600125244 ARMSTRONG,DENNIS,CAROL 537662 $1,364.30 02/01/1998 180
600125245 CLEVELAND,JOHN,CHRISTINE 537664 $456.80 02/01/1998 180
600125246 SHUFELDT,MARK 537666 $668.25 02/01/1998 180
600125247 CORROW,RICHARD 537673 $696.42 2 02/01/1998 180
600125248 GRUENDER,MATTHEW 537680 $667.12 02/01/1998 180
600125249 NAJERA,ED,PAMELA 537682 $528.90 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125234 TRUJILLO,ARMANDO,SHARON $128,000.00 N
600125235 LEVY,SUSAN $67,500.00 N
600125236 SHUMAKE,JAN $110,000.00 N
600125237 TURNAGE,MARVIN,MICHELE $200,000.00 N
600125238 LUCAS,FREDERICK,MICHE $169,000.00 N
600125239 GOVERNALE,DONNA $104,000.00 N
600125240 BROWN,THOMAS,SHARON $81,600.00 N
600125241 BROWN,THOMAS,SHARON $70,000.00 N
600125244 ARMSTRONG,DENNIS,CAROL $227,000.00 N
600125245 CLEVELAND,JOHN,CHRISTINE $78,000.00 N
600125246 SHUFELDT,MARK $153,000.00 N
600125247 CORROW,RICHARD $103,000.00 N
600125248 GRUENDER,MATTHEW $106,000.00 N
600125249 NAJERA,ED,PAMELA $85,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 8
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125251 WOODWARD,WILLIAM,MARY 10608 EAST BARCLAY PARK L TUCSON AZ 85748 $213,490.11
600125256 GREENWAY,ARTHUR,DORIS 11030 NORTH 128TH PLACE SCOTTSDALE AZ 85259 $186,674.53
600125257 MCKINNEY,MARK 4645 EAST OSBORN ROAD PHOENIX AZ 85018 $130,712.24
600125260 TAYLOR/ROWDER/L,JAMES,SUE 706 HARTNELL PLACE SACRAMENTO CA 95825 $123,735.28
600125261 BADER,GERALD L, BARB 0406 EAGLE ROAD EAGLE CO 81620 $199,522.57
600125262 LAWRENCE,JOSEPH 3651 HILSINGER ROAD PHOENIX OR 97535 $103,764.18
600125263 LINZMAN,JANICE, GIB 5410 HEMLOCK DRIVE SODA SPRINGS CA 95728 $103,810.74
600125265 BASDEN,MARLEY, ELIZABE 4895 CREED ROAD SUISUN CA 94585 $167,692.50
600125267 DAVIS,SUNNERGRE,KERRY BYR 441 7TH AVENUE MENLO PARK CA 94025 $163,555.42
600125268 REEVE,ROBERT,LEOLA 700 TROLLVIEW DRIVE GRANTS PASS OR 97527 $103,760.62
600125269 WATERBURY,JOHN G 906 FLORIDA STREET KEY WEST FL 33040 $206,319.91
600125273 BUNKER/KLOVSTAD,ANNA/SVEN 11045 EVERGREEN CIRCLE TRUCKEE CA 96161 $138,623.20
600125274 MOORE,JOSEPH 17427 CHINA GULCH DRIVE ANDERSON CA 96007 $93,814.27
600125275 CUBILLOS,MIGUEL,SIXTA 526 CUMBERLAND ST. ENGLEWOOD NJ 07631 $218,203.09
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125251 WOODWARD,WILLIAM,MARY 8.500 .250 8.250 .0400 8.210 12/01/2012
600125256 GREENWAY,ARTHUR,DORIS 8.000 .250 7.750 .0400 7.710 01/01/2013
600125257 MCKINNEY,MARK 8.000 .250 7.750 .0400 7.710 01/01/2013
600125260 TAYLOR/ROWDER/L,JAMES,SUE 8.750 .250 8.500 .0400 8.460 11/01/2012
600125261 BADER,GERALD L, BARB 8.625 .250 8.375 .0400 8.335 10/01/2012
600125262 LAWRENCE,JOSEPH 8.875 .250 8.625 .0400 8.585 10/01/2012
600125263 LINZMAN,JANICE, GIB 8.875 .250 8.625 .0400 8.585 09/01/2012
600125265 BASDEN,MARLEY, ELIZABE 8.500 .250 8.250 .0400 8.210 11/01/2012
600125267 DAVIS,SUNNERGRE,KERRY BYR 8.000 .250 7.750 .0400 7.710 10/01/2012
600125268 REEVE,ROBERT,LEOLA 7.875 .250 7.625 .0400 7.585 10/01/2012
600125269 WATERBURY,JOHN G 8.875 .250 8.625 .0400 8.585 11/01/2012
600125273 BUNKER/KLOVSTAD,ANNA/SVEN 8.000 .250 7.750 .0400 7.710 10/01/2012
600125274 MOORE,JOSEPH 8.125 .250 7.875 .0400 7.835 11/01/2012
600125275 CUBILLOS,MIGUEL,SIXTA 8.750 .250 8.500 .0400 8.460 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125251 WOODWARD,WILLIAM,MARY 537689 $1,643.55 2 02/01/1998 180
600125256 GREENWAY,ARTHUR,DORIS 537705 $1,372.14 02/01/1998 180
600125257 MCKINNEY,MARK 537706 $959.76 02/01/1998 180
600125260 TAYLOR/ROWDER/L,JAMES,SUE 537996 $975.51 02/01/1998 180
600125261 BADER,GERALD L, BARB 538065 $1,555.58 2 02/01/1998 180
600125262 LAWRENCE,JOSEPH 538163 $827.47 02/01/1998 180
600125263 LINZMAN,JANICE, GIB 538197 $835.43 02/01/1998 180
600125265 BASDEN,MARLEY, ELIZABE 538417 $1,291.77 02/01/1998 180
600125267 DAVIS,SUNNERGRE,KERRY BYR 538471 $1,203.37 02/01/1998 180
600125268 REEVE,ROBERT,LEOLA 538510 $995.87 02/01/1998 180
600125269 WATERBURY,JOHN G 538525 $2,094.24 02/01/1998 180
600125273 BUNKER/KLOVSTAD,ANNA/SVEN 538630 $1,019.93 02/01/1998 180
600125274 MOORE,JOSEPH 538673 $697.95 02/01/1998 180
600125275 CUBILLOS,MIGUEL,SIXTA 538693 $2,198.79 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125251 WOODWARD,WILLIAM,MARY $225,000.00 N
600125256 GREENWAY,ARTHUR,DORIS $270,000.00 N
600125257 MCKINNEY,MARK $163,500.00 N
600125260 TAYLOR/ROWDER/L,JAMES,SUE $155,000.00 N
600125261 BADER,GERALD L, BARB $239,500.00 N
600125262 LAWRENCE,JOSEPH $130,000.00 N
600125263 LINZMAN,JANICE, GIB $140,000.00 N
600125265 BASDEN,MARLEY, ELIZABE $525,000.00 N
600125267 DAVIS,SUNNERGRE,KERRY BYR $205,000.00 N
600125268 REEVE,ROBERT,LEOLA $192,500.00 N
600125269 WATERBURY,JOHN G $260,000.00 N
600125273 BUNKER/KLOVSTAD,ANNA/SVEN $222,500.00 N
600125274 MOORE,JOSEPH $117,500.00 N
600125275 CUBILLOS,MIGUEL,SIXTA $460,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 9
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125279 CONWAY,JOSEPH 89-46 GOLD ROAD OZONE PARK NY 11420 $129,503.39
600125280 CONWAY,JOSEPH 14 IVY HILL ROAD OAKDALE NY 11769 $142,770.57
600125281 SHATTUCK,ALAN, JOAN 3960 BELLVIEW AVENUE HOMEWOOD CA 96141 $198,254.50
600125282 RIBEIRO,MARCOS,MARGARET 421 N.E. 13TH AVE. POMPANO BEACH FL 33060 $97,588.61
600125285 NGUYEN/LAM,JOEY T, MYDUNG 7453 NORTH JUDSON STREET SAN DIEGO CA 92111 $118,963.96
600125287 CHAN,OI 1955 S ATLANTIDA DRIVE HACIENDA HEIGHT CA 91745 $190,852.53
600125288 LAWRENCE,WILLIARD E. 118 LAUREL PLACE SAN RAFAEL CA 94901 $209,625.36
600125289 GILANFARR,FARADG,MARY 3101 LAKE FOREST ROAD TAHOE CITY CA 96145 $83,850.14
600125290 BUNKER,ANNA CHRISTINE 410 SOUTH MAIN STREET SEBASTOPOL CA 95472 $153,718.12
600125294 STEWART,DOLLY 18223 MILMORE AVENUE CARSON CA 90746 $126,922.07
600125296 ZATIKA,JOSEPH 142 MOUNTAIN TOP ROAD LEBANON NJ 08826 $174,888.41
600125299 FONTENOT,BRENDA 810 TELLER STREET LAKEWOOD CO 80215 $206,758.43
600125301 JOHNSON/VIALARD,ERIC/MYLE 32 ARTESIAN DRIVE ELDORADO SPRING CO 80025 $135,738.04
600125302 MCGILL,NANCY 3281 WEASEL WAY FRANKTOWN CO 80116 $127,516.18
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125279 CONWAY,JOSEPH 9.500 .250 9.250 .0400 9.210 11/01/2012
600125280 CONWAY,JOSEPH 8.250 .250 8.000 .0400 7.960 11/01/2012
600125281 SHATTUCK,ALAN, JOAN 8.000 .250 7.750 .0400 7.710 11/01/2012
600125282 RIBEIRO,MARCOS,MARGARET 9.000 .250 8.750 .0400 8.710 11/01/2012
600125285 NGUYEN/LAM,JOEY T, MYDUNG 8.125 .250 7.875 .0400 7.835 11/01/2012
600125287 CHAN,OI 7.875 .250 7.625 .0400 7.585 11/01/2012
600125288 LAWRENCE,WILLIARD E. 8.625 .250 8.375 .0400 8.335 11/01/2012
600125289 GILANFARR,FARADG,MARY 8.625 .250 8.375 .0400 8.335 11/01/2012
600125290 BUNKER,ANNA CHRISTINE 8.500 .250 8.250 .0400 8.210 11/01/2012
600125294 STEWART,DOLLY 7.625 .250 7.375 .0400 7.335 11/01/2012
600125296 ZATIKA,JOSEPH 8.250 .250 8.000 .0400 7.960 01/01/2013
600125299 FONTENOT,BRENDA 7.750 .250 7.500 .0400 7.460 11/01/2012
600125301 JOHNSON/VIALARD,ERIC/MYLE 8.250 .250 8.000 .0400 7.960 11/01/2012
600125302 MCGILL,NANCY 8.500 .250 8.250 .0400 8.210 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125279 CONWAY,JOSEPH 538729 $1,362.71 02/01/1998 180
600125280 CONWAY,JOSEPH 538730 $1,397.00 02/01/1998 180
600125281 SHATTUCK,ALAN, JOAN 538772 $1,911.30 02/01/1998 180
600125282 RIBEIRO,MARCOS,MARGARET 538799 $786.52 02/01/1998 180
600125285 NGUYEN/LAM,JOEY T, MYDUNG 538812 $1,155.46 02/01/1998 180
600125287 CHAN,OI 538829 $1,386.70 02/01/1998 180
600125288 LAWRENCE,WILLIARD E. 538849 $1,633.36 02/01/1998 180
600125289 GILANFARR,FARADG,MARY 538853 $653.34 02/01/1998 180
600125290 BUNKER,ANNA CHRISTINE 538856 $1,184.13 02/01/1998 180
600125294 STEWART,DOLLY 538884 $900.31 02/01/1998 180
600125296 ZATIKA,JOSEPH 538897 $1,314.72 02/01/1998 180
600125299 FONTENOT,BRENDA 539740 $1,484.41 02/01/1998 180
600125301 JOHNSON/VIALARD,ERIC/MYLE 539744 $1,021.72 02/01/1998 180
600125302 MCGILL,NANCY 539745 $982.29 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125279 CONWAY,JOSEPH $174,000.00 N
600125280 CONWAY,JOSEPH $180,000.00 N
600125281 SHATTUCK,ALAN, JOAN $250,000.00 N
600125282 RIBEIRO,MARCOS,MARGARET $115,000.00 N
600125285 NGUYEN/LAM,JOEY T, MYDUNG $155,000.00 N
600125287 CHAN,OI $255,000.00 N
600125288 LAWRENCE,WILLIARD E. $300,000.00 N
600125289 GILANFARR,FARADG,MARY $105,000.00 N
600125290 BUNKER,ANNA CHRISTINE $225,000.00 N
600125294 STEWART,DOLLY $159,000.00 N
600125296 ZATIKA,JOSEPH $250,000.00 N
600125299 FONTENOT,BRENDA $259,000.00 N
600125301 JOHNSON/VIALARD,ERIC/MYLE $170,000.00 N
600125302 MCGILL,NANCY $182,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 10
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125303 DELANEY,JOHN,GINA 5741 EAST COUNTY ROAD 60 WELLINGTON CO 80549 $123,256.01
600125307 DAVIS,PATRICK,VIRGINI 12064 GOLD POINTE LANE GOLD RIVER CA 95670 $140,115.06
600125313 AHLERT,DORMAN,DONALD,JANN 11415 WHITEHORSE ROAD TRUCKEE CA 96161 $139,586.38
600125316 DYKSTRA,JAMES 321 SKI WAY # 5 INCLINE VILLAGE NV 89451 $101,185.43
600125319 VALVERDE,ANTHONY,MELODY 2900 N. OLIVE AVENUE TURLOCK CA 95382 $136,586.24
600125321 GARBO,GAYLE,JAMES 8440 MONTE VISTA STREET RANCHO CUCAMONG CA 91701 $105,805.98
600125324 MACKAMUL,NICK 6913 LA PRAIX AVENUE HIGHLAND CA 92346 $74,309.54
600125325 FOLIN,RANDALL,DENISE 3455 SARAH ANN DRIVE FALLBROOK CA 92028 $189,432.44
600125326 SASSER,WILLIAM,HELENE 7584 VOLCLAY DRIVE SAN DIEGO CA 92119 $140,624.24
600125327 KIM,YOUNG 4591 SOUTH CRYSTAL WAY #G AURORA CO 80015 $59,044.49
600125329 ADELMAN,DAVID 275 SOUTH VALLEY VIEW DRI ST. GEORGE UT 84770 $67,060.34
600125330 ROBERTSON,JANLYNN,SCOTT 741 SOUTH 300 EAST SALT LAKE CITY UT 84111 $29,464.13
600125331 COOK,KENNETH,LOUISE 1618 EAST 8685 SOUTH SANDY UT 84093 $82,893.79
600125333 WOODLAND,MARK,KRISTINE 2426 WEST 12195 SOUTH RIVERTON UT 84065 $217,397.30
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125303 DELANEY,JOHN,GINA 8.125 .250 7.875 .0400 7.835 11/01/2012
600125307 DAVIS,PATRICK,VIRGINI 8.500 .250 8.250 .0400 8.210 01/01/2013
600125313 AHLERT,DORMAN,DONALD,JANN 7.750 .250 7.500 .0400 7.460 01/01/2013
600125316 DYKSTRA,JAMES 8.250 .250 8.000 .0400 7.960 01/01/2013
600125319 VALVERDE,ANTHONY,MELODY 7.500 .250 7.250 .0400 7.210 01/01/2013
600125321 GARBO,GAYLE,JAMES 8.500 .250 8.250 .0400 8.210 11/01/2012
600125324 MACKAMUL,NICK 8.500 .250 8.250 .0400 8.210 12/01/2012
600125325 FOLIN,RANDALL,DENISE 7.625 .250 7.375 .0400 7.335 01/01/2013
600125326 SASSER,WILLIAM,HELENE 8.625 .250 8.375 .0400 8.335 12/01/2012
600125327 KIM,YOUNG 8.625 .250 8.375 .0400 8.335 11/01/2012
600125329 ADELMAN,DAVID 7.875 .250 7.625 .0400 7.585 11/01/2012
600125330 ROBERTSON,JANLYNN,SCOTT 8.500 .250 8.250 .0400 8.210 12/01/2012
600125331 COOK,KENNETH,LOUISE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125333 WOODLAND,MARK,KRISTINE 8.500 .250 8.250 .0400 8.210 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125303 DELANEY,JOHN,GINA 539747 $916.98 02/01/1998 180
600125307 DAVIS,PATRICK,VIRGINI 540712 $1,078.02 02/01/1998 180
600125313 AHLERT,DORMAN,DONALD,JANN 540859 $1,317.79 02/01/1998 180
600125316 DYKSTRA,JAMES 540883 $760.66 02/01/1998 180
600125319 VALVERDE,ANTHONY,MELODY 540895 $1,270.01 02/01/1998 180
600125321 GARBO,GAYLE,JAMES 540999 $815.05 02/01/1998 180
600125324 MACKAMUL,NICK 541499 $572.07 02/01/1998 180
600125325 FOLIN,RANDALL,DENISE 541713 $1,774.85 02/01/1998 180
600125326 SASSER,WILLIAM,HELENE 541836 $1,402.80 02/01/1998 180
600125327 KIM,YOUNG 543016 $460.06 02/01/1998 180
600125329 ADELMAN,DAVID 543107 $487.25 02/01/1998 180
600125330 ROBERTSON,JANLYNN,SCOTT 543148 $226.83 02/01/1998 180
600125331 COOK,KENNETH,LOUISE 543154 $623.55 02/01/1998 180
600125333 WOODLAND,MARK,KRISTINE 543235 $1,674.68 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125303 DELANEY,JOHN,GINA $243,000.00 N
600125307 DAVIS,PATRICK,VIRGINI $175,257.00 N
600125313 AHLERT,DORMAN,DONALD,JANN $405,000.00 N
600125316 DYKSTRA,JAMES $135,000.00 N
600125319 VALVERDE,ANTHONY,MELODY $173,000.00 N
600125321 GARBO,GAYLE,JAMES $132,500.00 N
600125324 MACKAMUL,NICK $93,000.00 N
600125325 FOLIN,RANDALL,DENISE $250,000.00 N
600125326 SASSER,WILLIAM,HELENE $202,000.00 N
600125327 KIM,YOUNG $84,500.00 N
600125329 ADELMAN,DAVID $84,000.00 N
600125330 ROBERTSON,JANLYNN,SCOTT $59,000.00 N
600125331 COOK,KENNETH,LOUISE $145,000.00 N
600125333 WOODLAND,MARK,KRISTINE $273,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 11
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125334 JENSEN,NORMAN,Y.DELAIN 1200 CHEROKEE STREET DENVER CO 80204 $164,720.45
600125335 DEWITT,THOMAS 13640-13642 EAST NEVADA P AURORA CO 80012 $108,445.99
600125336 SERMON,HAROLD,SUSAN 5085 EAST HEISE ROAD RIRIE ID 83443 $199,744.06
600125337 STEPHENS,CHERYL 4210 WEST RAE STREET WEST VALLEY CIT UT 84120 $74,367.10
600125338 FULSCHER,JILL 5751 EAST ITHACA PLACE #3 DENVER CO 80237 $113,407.54
600125341 ANDERSON,KENNETH 1906 ROSS COURT FORT COLLINS CO 80526 $52,817.98
600125342 KERVITSKY,GARY 3295 APRES SKI WAY STEAMBOAT SPRIN CO 80477 $51,907.24
600125343 WILKINSON,KIPP,TATIA 912 WEST 1340 NORTH OREM UT 84057 $198,146.11
600125344 BLANK,ALAN 270-272 EAST FORT UNION B MIDVALE UT 84047 $226,497.70
600125346 MCOMBER,BRYANT,SUSAN 151 EAST 300 NORTH PROVO UT 84606 $69,959.73
600125347 SNYDER,GLEN 145 WEST 200 SOUTH FILLMORE UT 84631 $65,024.51
600125348 WRIGHT,SHARON 674 ALDER RIDGE LANE NEW CASTLE CO 81647 $99,789.83
600125350 ELMQUIST,DONNA 1917 SOUTH 1100 EAST SALT LAKE CITY UT 84105 $138,601.76
600125351 ELLIOTT,ANTIONETTE 2431 HAMPSHIRE SQUARE FORT COLLINS CO 80526 $110,048.20
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125334 JENSEN,NORMAN,Y.DELAIN 8.875 .250 8.625 .0400 8.585 11/01/2012
600125335 DEWITT,THOMAS 8.375 .250 8.125 .0400 8.085 11/01/2012
600125336 SERMON,HAROLD,SUSAN 8.250 .250 8.000 .0400 7.960 12/01/2012
600125337 STEPHENS,CHERYL 8.625 .250 8.375 .0400 8.335 11/01/2012
600125338 FULSCHER,JILL 8.875 .250 8.625 .0400 8.585 11/01/2012
600125341 ANDERSON,KENNETH 8.500 .250 8.250 .0400 8.210 01/01/2013
600125342 KERVITSKY,GARY 8.625 .250 8.375 .0400 8.335 11/01/2012
600125343 WILKINSON,KIPP,TATIA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125344 BLANK,ALAN 8.750 .250 8.500 .0400 8.460 12/01/2012
600125346 MCOMBER,BRYANT,SUSAN 8.750 .250 8.500 .0400 8.460 01/01/2013
600125347 SNYDER,GLEN 8.250 .250 8.000 .0400 7.960 11/01/2012
600125348 WRIGHT,SHARON 8.500 .250 8.250 .0400 8.210 11/01/2012
600125350 ELMQUIST,DONNA 9.125 .250 8.875 .0400 8.835 12/01/2012
600125351 ELLIOTT,ANTIONETTE 8.500 .250 8.250 .0400 8.210 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125334 JENSEN,NORMAN,Y.DELAIN 543242 $1,312.81 02/01/1998 180
600125335 DEWITT,THOMAS 543251 $825.82 02/01/1998 180
600125336 SERMON,HAROLD,SUSAN 543256 $1,502.53 02/01/1998 180
600125337 STEPHENS,CHERYL 543275 $579.45 02/01/1998 180
600125338 FULSCHER,JILL 543284 $903.85 02/01/1998 180
600125341 ANDERSON,KENNETH 543309 $406.37 02/01/1998 180
600125342 KERVITSKY,GARY 543319 $404.45 02/01/1998 180
600125343 WILKINSON,KIPP,TATIA 543329 $1,490.51 02/01/1998 180
600125344 BLANK,ALAN 543341 $1,785.42 02/01/1998 180
600125346 MCOMBER,BRYANT,SUSAN 543351 $550.69 02/01/1998 180
600125347 SNYDER,GLEN 543353 $489.45 02/01/1998 180
600125348 WRIGHT,SHARON 543354 $769.68 02/01/1998 180
600125350 ELMQUIST,DONNA 543384 $1,128.92 02/01/1998 180
600125351 ELLIOTT,ANTIONETTE 543390 $847.73 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125334 JENSEN,NORMAN,Y.DELAIN $206,341.00 N
600125335 DEWITT,THOMAS $135,850.00 N
600125336 SERMON,HAROLD,SUSAN $325,000.00 N
600125337 STEPHENS,CHERYL $102,000.00 N
600125338 FULSCHER,JILL $142,000.00 N
600125341 ANDERSON,KENNETH $75,500.00 N
600125342 KERVITSKY,GARY $65,000.00 N
600125343 WILKINSON,KIPP,TATIA $248,000.00 N
600125344 BLANK,ALAN $267,000.00 N
600125346 MCOMBER,BRYANT,SUSAN $89,500.00 N
600125347 SNYDER,GLEN $107,000.00 N
600125348 WRIGHT,SHARON $133,500.00 N
600125350 ELMQUIST,DONNA $185,000.00 N
600125351 ELLIOTT,ANTIONETTE $147,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 12
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125352 ROBERTS,J. WHITNEY,LISA 881 EAST 1170 NORTH PLEASANT GROVE UT 84062 $139,750.24
600125353 SIMMONS/SIMMONS,MELVIN/BR 1225 WEST PROSPECT ROAD W FORT COLLINS CO 80526 $76,285.04
600125355 JEFFERY,WYDELL,CAROL 369 NORTH 200 WEST ROUTE DELTA UT 84624 $47,940.13
600125356 GYALTSEN,KALSANG 3101 GAMOW LANE BOULDER CO 80301 $143,842.09
600125357 MEZA,FRANK,NINA 2584 ASTROZON CIRCLE COLORADO SPRING CO 80916 $119,861.42
600125358 HOLWEG,TIMOTHY,SHARI 2448 WEST 300 NORTH PROVO UT 84601 $128,545.51
600125359 KOFFORD,GREGORY 1776 EAST 11400 SOUTH SANDY UT 84092 $212,569.53
600125362 MACINNES,ANGUS 2216 QUINCY AVENUE OGDEN UT 84401 $61,714.72
600125363 WOLD,DALE,LYNN 6370 BOSCOMB PLACE COLORADO SPRING CO 80922 $87,102.17
600125364 SCHULTS,ROBERT,MARGARET 1378 EAST BROOKSHIRE DRIV SALT LAKE CITY UT 84106 $129,820.49
600125365 HARRISON,KENT 1725-1727 NORTH 450 WEST PROVO UT 84604 $150,406.45
600125366 HARRISON,KENT 2749 NORTH UNIVERSITY AVE PROVO UT 84604 $147,900.70
600125371 VOURIOTIS,SPEROS 16359 WEST 10TH AVENUE #V GOLDEN CO 80401 $31,563.50
600125372 GARDNER,JAMES.MARGARET 1130 NORTH PINE CANYON RO MIDWAY UT 84049 $151,572.17
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125352 ROBERTS,J. WHITNEY,LISA 8.625 .250 8.375 .0400 8.335 11/01/2012
600125353 SIMMONS/SIMMONS,MELVIN/BR 8.875 .250 8.625 .0400 8.585 12/01/2012
600125355 JEFFERY,WYDELL,CAROL 8.375 .250 8.125 .0400 8.085 12/01/2012
600125356 GYALTSEN,KALSANG 9.000 .250 8.750 .0400 8.710 12/01/2012
600125357 MEZA,FRANK,NINA 8.750 .250 8.500 .0400 8.460 12/01/2012
600125358 HOLWEG,TIMOTHY,SHARI 8.125 .250 7.875 .0400 7.835 11/01/2012
600125359 KOFFORD,GREGORY 8.250 .250 8.000 .0400 7.960 11/01/2012
600125362 MACINNES,ANGUS 8.750 .250 8.500 .0400 8.460 12/01/2012
600125363 WOLD,DALE,LYNN 8.875 .250 8.625 .0400 8.585 11/01/2012
600125364 SCHULTS,ROBERT,MARGARET 7.875 .250 7.625 .0400 7.585 12/01/2012
600125365 HARRISON,KENT 8.375 .250 8.125 .0400 8.085 01/01/2013
600125366 HARRISON,KENT 8.000 .250 7.750 .0400 7.710 01/01/2013
600125371 VOURIOTIS,SPEROS 8.750 .250 8.500 .0400 8.460 12/01/2012
600125372 GARDNER,JAMES.MARGARET 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125352 ROBERTS,J. WHITNEY,LISA 543396 $1,088.91 02/01/1998 180
600125353 SIMMONS/SIMMONS,MELVIN/BR 543399 $607.87 02/01/1998 180
600125355 JEFFERY,WYDELL,CAROL 543406 $364.83 02/01/1998 180
600125356 GYALTSEN,KALSANG 543416 $1,158.66 02/01/1998 180
600125357 MEZA,FRANK,NINA 543417 $944.04 02/01/1998 180
600125358 HOLWEG,TIMOTHY,SHARI 543423 $956.34 02/01/1998 180
600125359 KOFFORD,GREGORY 543425 $2,079.98 02/01/1998 180
600125362 MACINNES,ANGUS 543449 $486.18 02/01/1998 180
600125363 WOLD,DALE,LYNN 543462 $694.20 02/01/1998 180
600125364 SCHULTS,ROBERT,MARGARET 543465 $942.59 02/01/1998 180
600125365 HARRISON,KENT 543467 $1,143.91 02/01/1998 180
600125366 HARRISON,KENT 543468 $1,085.97 02/01/1998 180
600125371 VOURIOTIS,SPEROS 543481 $248.60 02/01/1998 180
600125372 GARDNER,JAMES.MARGARET 543492 $1,128.60 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125352 ROBERTS,J. WHITNEY,LISA $175,000.00 N
600125353 SIMMONS/SIMMONS,MELVIN/BR $95,500.00 N
600125355 JEFFERY,WYDELL,CAROL $109,000.00 N
600125356 GYALTSEN,KALSANG $185,000.00 N
600125357 MEZA,FRANK,NINA $179,000.00 N
600125358 HOLWEG,TIMOTHY,SHARI $161,000.00 N
600125359 KOFFORD,GREGORY $268,000.00 N
600125362 MACINNES,ANGUS $77,285.00 N
600125363 WOLD,DALE,LYNN $116,380.00 N
600125364 SCHULTS,ROBERT,MARGARET $167,000.00 N
600125365 HARRISON,KENT $215,000.00 N
600125366 HARRISON,KENT $185,000.00 N
600125371 VOURIOTIS,SPEROS $39,500.00 N
600125372 GARDNER,JAMES.MARGARET $190,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 13
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125373 FRAME,ALLEN,STEPHANIE 5018 SOUTH TUSCAN STREET SALT LAKE CITY UT 84118 $90,284.30
600125375 LLOYD,MARK,MERILYNN 1335 EAST WINDSOR PARK DR SALT LAKE CITY UT 84117 $159,061.89
600125376 EMERSON,LARRY,GAIL 3625 GREENVILLE COURT COLORADO SPRING CO 80920 $132,734.20
600125377 CLIFFORD,JEFFREY 1788 NORTH 1525 WEST LAYTON UT 84041 $64,521.45
600125378 TOTARO,ROSEMARIE 2201 DONATO DRIVE BELLEAIR BEACH FL 33786 $181,349.22
600125379 WEST,MICHAEL 781 WEST 520 NORTH LINDON UT 84042 $188,388.93
600125380 SUBERVILLE,CARLOS 3171 SOUTH VALLEY STREET SALT LAKE CITY UT 84109 $140,012.92
600125385 CORTESE,AMY 1002 SOUTH 800 EAST SALT LAKE CITY UT 84105 $117,414.95
600125386 FITZGERALD,JEAN S. 1127 CEDAR HOLLOW ROAD LEHI UT 84043 $121,631.81
600125387 HALE,SHELIE 47 EAST 1340 NORTH AMERICAN FORK UT 84003 $129,910.54
600125389 GONZALEZ/SAUCED,MANUEL/MA 818 SOUTH 400 EAST SALT LAKE CITY UT 84111 $68,516.60
600125390 STEGEMAN,RICHARD,LINDA 13225 EAST BETHANY PLACE AURORA CO 80014 $67,456.96
600125393 WATERS,DANA 1220 EAST 225 NORTH SPRINGVILLE UT 84663 $196,466.91
600125394 BURTON,GERALDINE E. 165 NORTH MAIN GUNNISON UT 84634 $56,215.04
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125373 FRAME,ALLEN,STEPHANIE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125375 LLOYD,MARK,MERILYNN 7.875 .250 7.625 .0400 7.585 12/01/2012
600125376 EMERSON,LARRY,GAIL 8.375 .250 8.125 .0400 8.085 12/01/2012
600125377 CLIFFORD,JEFFREY 8.500 .250 8.250 .0400 8.210 12/01/2012
600125378 TOTARO,ROSEMARIE 7.875 .250 7.625 .0400 7.585 12/01/2012
600125379 WEST,MICHAEL 7.875 .250 7.625 .0400 7.585 12/01/2012
600125380 SUBERVILLE,CARLOS 8.375 .250 8.125 .0400 8.085 01/01/2013
600125385 CORTESE,AMY 7.625 .250 7.375 .0400 7.335 01/01/2013
600125386 FITZGERALD,JEAN S. 7.875 .250 7.625 .0400 7.585 12/01/2012
600125387 HALE,SHELIE 7.875 .250 7.625 .0400 7.585 01/01/2013
600125389 GONZALEZ/SAUCED,MANUEL/MA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125390 STEGEMAN,RICHARD,LINDA 8.250 .250 8.000 .0400 7.960 01/01/2013
600125393 WATERS,DANA 8.625 .250 8.375 .0400 8.335 12/01/2012
600125394 BURTON,GERALDINE E. 8.375 .250 8.125 .0400 8.085 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125373 FRAME,ALLEN,STEPHANIE 543494 $679.15 02/01/1998 180
600125375 LLOYD,MARK,MERILYNN 543511 $1,517.52 02/01/1998 180
600125376 EMERSON,LARRY,GAIL 543521 $1,010.14 02/01/1998 180
600125377 CLIFFORD,JEFFREY 543555 $496.72 02/01/1998 180
600125378 TOTARO,ROSEMARIE 543559 $1,316.73 02/01/1998 180
600125379 WEST,MICHAEL 543563 $1,797.31 02/01/1998 180
600125380 SUBERVILLE,CARLOS 543576 $1,064.86 02/01/1998 180
600125385 CORTESE,AMY 543610 $831.66 02/01/1998 180
600125386 FITZGERALD,JEAN S. 543629 $883.13 02/01/1998 180
600125387 HALE,SHELIE 543630 $942.59 02/01/1998 180
600125389 GONZALEZ/SAUCED,MANUEL/MA 543633 $527.47 02/01/1998 180
600125390 STEGEMAN,RICHARD,LINDA 543643 $507.10 02/01/1998 180
600125393 WATERS,DANA 543649 $1,529.91 02/01/1998 180
600125394 BURTON,GERALDINE E. 543650 $427.54 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125373 FRAME,ALLEN,STEPHANIE $113,000.00 N
600125375 LLOYD,MARK,MERILYNN $200,000.00 N
600125376 EMERSON,LARRY,GAIL $166,184.00 N
600125377 CLIFFORD,JEFFREY $80,800.00 N
600125378 TOTARO,ROSEMARIE $227,000.00 N
600125379 WEST,MICHAEL $275,000.00 N
600125380 SUBERVILLE,CARLOS $175,155.00 N
600125385 CORTESE,AMY $205,000.00 N
600125386 FITZGERALD,JEAN S. $310,000.00 N
600125387 HALE,SHELIE $175,000.00 N
600125389 GONZALEZ/SAUCED,MANUEL/MA $98,000.00 N
600125390 STEGEMAN,RICHARD,LINDA $90,000.00 N
600125393 WATERS,DANA $245,900.00 N
600125394 BURTON,GERALDINE E. $75,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 14
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125395 DEBOW,LAWRENCE 1064 EAST 400 SOUTH SALT LAKE CITY UT 84102 $190,185.73
600125398 BURR/BURR,ANDREA/ROBERT 948 EAST MURDOCK DRIVE PLEASANT GROVE UT 84062 $143,820.38
600125404 JOHNSON,LARRY,VALERIE 1434 WEST 800 SOUTH OREM UT 84058 $125,415.80
600125405 TAYLOR/JOHNSON,MARK/JAMES 4212 MORNING STAR DRIVE CASTLE ROCK CO 80104 $179,896.44
600125409 BASTIAN,LEWIS,GERALDINE 1001 NORTH LAKESHORE DRIV PROVO UT 84604 $128,915.62
600125410 STONEMAN,DON,RAQUEL 803 EAST CENTER SPANISH FORK UT 84660 $78,699.79
600125411 MCWHORTER,CAROL 151 NORTH 930 EAST LINDON UT 84042 $203,863.12
600125412 SWAN,THOMAS,BONNIE 1965 WEST 1700 NORTH ST. GEORGE UT 84770 $95,940.33
600125415 CHRISTENSEN,ALLAN,DANIELL 1170 EAST 100 SOUTH SPRINGVILLE UT 84663 $123,916.80
600125419 GONZALEZ,DAVID,TERRI 1409 NORTH AMIRON WAY #A OREM UT 84057 $54,463.36
600125420 BERGER,WILLIAM 320 ADAMS STREET MIDVALE UT 84047 $95,937.20
600125425 ALKEMA,STEVEN,CODY 3533 NORTH FOOTHILL DRIVE PROVO UT 84606 $159,887.07
600125428 MANGUM,DARIN,SHANNON 1104 EAST 230 SOUTH PROVO UT 84606 $96,736.68
600125429 STARNICK,DIANE 2641 GRAPEWOOD LANE BOULDER CO 80304 $130,320.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125395 DEBOW,LAWRENCE 8.875 .250 8.625 .0400 8.585 12/01/2012
600125398 BURR/BURR,ANDREA/ROBERT 8.375 .250 8.125 .0400 8.085 12/01/2012
600125404 JOHNSON,LARRY,VALERIE 8.000 .250 7.750 .0400 7.710 01/01/2013
600125405 TAYLOR/JOHNSON,MARK/JAMES 8.750 .250 8.500 .0400 8.460 01/01/2013
600125409 BASTIAN,LEWIS,GERALDINE 8.125 .250 7.875 .0400 7.835 01/01/2013
600125410 STONEMAN,DON,RAQUEL 8.250 .250 8.000 .0400 7.960 01/01/2013
600125411 MCWHORTER,CAROL 8.000 .250 7.750 .0400 7.710 01/01/2013
600125412 SWAN,THOMAS,BONNIE 8.375 .250 8.125 .0400 8.085 01/01/2013
600125415 CHRISTENSEN,ALLAN,DANIELL 8.000 .250 7.750 .0400 7.710 01/01/2013
600125419 GONZALEZ,DAVID,TERRI 8.000 .250 7.750 .0400 7.710 01/01/2013
600125420 BERGER,WILLIAM 8.125 .250 7.875 .0400 7.835 01/01/2013
600125425 ALKEMA,STEVEN,CODY 7.750 .250 7.500 .0400 7.460 01/01/2013
600125428 MANGUM,DARIN,SHANNON 8.125 .250 7.875 .0400 7.835 01/01/2013
600125429 STARNICK,DIANE 8.500 .250 8.250 .0400 8.210 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125395 DEBOW,LAWRENCE 543652 $1,514.91 02/01/1998 180
600125398 BURR/BURR,ANDREA/ROBERT 543670 $1,094.50 02/01/1998 180
600125404 JOHNSON,LARRY,VALERIE 543706 $920.87 02/01/1998 180
600125405 TAYLOR/JOHNSON,MARK/JAMES 543709 $1,416.06 02/01/1998 180
600125409 BASTIAN,LEWIS,GERALDINE 543739 $957.82 02/01/1998 180
600125410 STONEMAN,DON,RAQUEL 543741 $591.62 02/01/1998 180
600125411 MCWHORTER,CAROL 543743 $1,496.88 02/01/1998 180
600125412 SWAN,THOMAS,BONNIE 543758 $729.67 02/01/1998 180
600125415 CHRISTENSEN,ALLAN,DANIELL 543782 $909.87 02/01/1998 180
600125419 GONZALEZ,DAVID,TERRI 543811 $400.64 02/01/1998 180
600125420 BERGER,WILLIAM 543813 $712.80 02/01/1998 180
600125425 ALKEMA,STEVEN,CODY 543823 $1,146.26 02/01/1998 180
600125428 MANGUM,DARIN,SHANNON 543841 $718.74 02/01/1998 180
600125429 STARNICK,DIANE 543856 $1,003.43 2 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125395 DEBOW,LAWRENCE $224,000.00 N
600125398 BURR/BURR,ANDREA/ROBERT $180,000.00 N
600125404 JOHNSON,LARRY,VALERIE $170,000.00 N
600125405 TAYLOR/JOHNSON,MARK/JAMES $293,000.00 N
600125409 BASTIAN,LEWIS,GERALDINE $182,000.00 N
600125410 STONEMAN,DON,RAQUEL $105,000.00 N
600125411 MCWHORTER,CAROL $260,000.00 N
600125412 SWAN,THOMAS,BONNIE $113,000.00 N
600125415 CHRISTENSEN,ALLAN,DANIELL $155,000.00 N
600125419 GONZALEZ,DAVID,TERRI $74,000.00 N
600125420 BERGER,WILLIAM $120,000.00 N
600125425 ALKEMA,STEVEN,CODY $250,000.00 N
600125428 MANGUM,DARIN,SHANNON $121,000.00 N
600125429 STARNICK,DIANE $145,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 15
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125430 BRODE,JEFFREY,KAREN 104 PINE PLACE GYPSUM CO 81637 $173,106.20
600125431 SHUMINSKY,SHERYL 7367 GLACIER VIEW ROAD LONGMONT CO 80503 $128,721.42
600125433 CHAPMAN,GERALDINE 1303 NORTH COUNTY ROAD #2 LOVELAND CO 80537 $156,666.11
600125434 HINGORANI,NAND, ANJU 7842 WEST OXFORD CIRCLE LAKEWOOD CO 80235 $206,742.22
600125435 SZAREK,VALERIE 510 SUNSET DRIVE LOUISVILLE CO 80027 $101,227.07
600125436 MEYER,DEBORAH 229 & 223 CHEROKEE STREET DENVER CO 80223 $66,334.01
600125437 RENLUND,STEVE, JOANN 10070 TELLURIDE STREET LITTLETON CO 80125 $115,843.80
600125439 STAVREV,SVETOSLAV/TSVET 15850 NORTHWEST ENERGIA S PORTLAND OR 97229 $137,659.89
600125442 NAEGELI/BENSON,GLEN/SARAH 88756 KNIGHT ROAD VENETA OR 97487 $136,620.41
600125443 LANGSTON,JAMES ERICK 526 NORTHEAST QUIMBY AVEN BEND OR 97701 $50,153.22
600125444 PHILLIPS,RRL KENT 31915 NORTHWEST WASCOE NORTH PLAINS OR 97133 $121,330.16
600125445 SMITH,ARMAND L.,DOLOR 17755 TOPFLITE LANE SUNRIVER OR 97707 $219,718.46
600125449 GALLAWAY,MIKE,MOLLIE 85687 PINE GROVE ROAD EUGENE OR 97405 $119,838.42
600125452 WARNER,LISA M. 2001 WEST 5400 SOUTH TAYLORSVILLE UT 84118 $102,668.45
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125430 BRODE,JEFFREY,KAREN 8.875 .250 8.625 .0400 8.585 11/01/2012
600125431 SHUMINSKY,SHERYL 8.125 .250 7.875 .0400 7.835 11/01/2012
600125433 CHAPMAN,GERALDINE 7.875 .250 7.625 .0400 7.585 11/01/2012
600125434 HINGORANI,NAND, ANJU 7.750 .250 7.500 .0400 7.460 12/01/2012
600125435 SZAREK,VALERIE 8.375 .250 8.125 .0400 8.085 11/01/2012
600125436 MEYER,DEBORAH 8.750 .250 8.500 .0400 8.460 11/01/2012
600125437 RENLUND,STEVE, JOANN 8.000 .250 7.750 .0400 7.710 12/01/2012
600125439 STAVREV,SVETOSLAV/TSVET 8.125 .250 7.875 .0400 7.835 01/01/2013
600125442 NAEGELI/BENSON,GLEN/SARAH 8.125 .250 7.875 .0400 7.835 12/01/2012
600125443 LANGSTON,JAMES ERICK 8.250 .250 8.000 .0400 7.960 11/01/2012
600125444 PHILLIPS,RRL KENT 8.750 .250 8.500 .0400 8.460 01/01/2013
600125445 SMITH,ARMAND L.,DOLOR 8.250 .250 8.000 .0400 7.960 12/01/2012
600125449 GALLAWAY,MIKE,MOLLIE 8.000 .250 7.750 .0400 7.710 12/01/2012
600125452 WARNER,LISA M. 8.250 .250 8.000 .0400 7.960 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125430 BRODE,JEFFREY,KAREN 543860 $1,379.65 2 02/01/1998 180
600125431 SHUMINSKY,SHERYL 543871 $957.82 02/01/1998 180
600125433 CHAPMAN,GERALDINE 543875 $1,141.98 02/01/1998 180
600125434 HINGORANI,NAND, ANJU 543877 $1,976.68 02/01/1998 180
600125435 SZAREK,VALERIE 543878 $772.23 02/01/1998 180
600125436 MEYER,DEBORAH 543879 $523.16 02/01/1998 180
600125437 RENLUND,STEVE, JOANN 543881 $851.17 02/01/1998 180
600125439 STAVREV,SVETOSLAV/TSVET 543966 $1,022.79 02/01/1998 180
600125442 NAEGELI/BENSON,GLEN/SARAH 544188 $1,015.74 02/01/1998 180
600125443 LANGSTON,JAMES ERICK 544193 $377.51 02/01/1998 180
600125444 PHILLIPS,RRL KENT 544206 $955.05 02/01/1998 180
600125445 SMITH,ARMAND L.,DOLOR 544237 $1,652.79 02/01/1998 180
600125449 GALLAWAY,MIKE,MOLLIE 544317 $880.52 02/01/1998 180
600125452 WARNER,LISA M. 544323 $772.30 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125430 BRODE,JEFFREY,KAREN $182,538.00 N
600125431 SHUMINSKY,SHERYL $192,000.00 N
600125433 CHAPMAN,GERALDINE $210,000.00 N
600125434 HINGORANI,NAND, ANJU $406,000.00 N
600125435 SZAREK,VALERIE $127,000.00 N
600125436 MEYER,DEBORAH $85,000.00 N
600125437 RENLUND,STEVE, JOANN $145,000.00 N
600125439 STAVREV,SVETOSLAV/TSVET $172,198.00 N
600125442 NAEGELI/BENSON,GLEN/SARAH $171,000.00 N
600125443 LANGSTON,JAMES ERICK $67,000.00 N
600125444 PHILLIPS,RRL KENT $151,750.00 N
600125445 SMITH,ARMAND L.,DOLOR $275,000.00 N
600125449 GALLAWAY,MIKE,MOLLIE $205,000.00 N
600125452 WARNER,LISA M. $128,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 16
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125453 YOKOM,STEVEN LEE,KARE 1854 RAINTREE DRIVE BOISE ID 83712 $111,037.84
600125458 BREAZEALE,GEORGE 14065 SOUTHEAST 124TH AVE CLACKAMAS OR 97015 $108,841.70
600125460 MCGEE,LYNDEN,SANDRA 1304 NORTHWEST 86TH STREE VANCOUVER WA 98665 $165,644.31
600125462 ABBOUD,RANDA 1215 SOUTHEAST 21ST CIRCL TROUTDALE OR 97060 $98,377.51
600125467 JOLLY,PATRICIA 18785 SOUTHWEST ALDERWOOD BEAVERTON OR 97006 $193,264.71
600125468 DUGGER,LINDA 28390 SOUTHWEST WAGNER ST WILSONVILLE OR 97070 $135,085.54
600125469 VOORHIES,GARY L.,DIANA L 91250 BLUE RIVER ROAD BLUE RIVER OR 97413 $49,845.97
600125470 EVANS,STEVENS A.,DIAN 31100 NORTHWEST MILNE STR HILLSBORO OR 97124 $84,941.50
600125476 HANDRIS,EDWARD,TERESA 4451 MAPLETON DRIVE WEST LINN OR 97068 $127,907.35
600125485 RIM,SEUNG SOO,DEBOR 10811 SOUTHEAST REX STREE PORTLAND OR 97266 $163,887.14
600125488 KROSTAG,MICHAEL A 2173 & 2175 2ND STREET SPRINGFIELD OR 97477 $100,744.94
600125491 LEE,SN HEE/JIN HYUN 14863 NORTHWEST DEERFOOT PORTLAND OR 97229 $145,802.11
600125496 YAW JR.,STEPHEN P.,PENN 12270 SOUTHEAST BLAINE DR CLACKAMAS OR 97015 $147,905.63
600125499 BOSNAR,TONY,VINKO 6303 SOUTHEAST 84TH PLACE PORTLAND OR 97266 $90,948.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125453 YOKOM,STEVEN LEE,KARE 7.750 .250 7.500 .0400 7.460 12/01/2012
600125458 BREAZEALE,GEORGE 7.625 .250 7.375 .0400 7.335 12/01/2012
600125460 MCGEE,LYNDEN,SANDRA 8.250 .250 8.000 .0400 7.960 01/01/2013
600125462 ABBOUD,RANDA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125467 JOLLY,PATRICIA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125468 DUGGER,LINDA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125469 VOORHIES,GARY L.,DIANA L 7.625 .250 7.375 .0400 7.335 01/01/2013
600125470 EVANS,STEVENS A.,DIAN 7.875 .250 7.625 .0400 7.585 01/01/2013
600125476 HANDRIS,EDWARD,TERESA 7.625 .250 7.375 .0400 7.335 01/01/2013
600125485 RIM,SEUNG SOO,DEBOR 7.875 .250 7.625 .0400 7.585 01/01/2013
600125488 KROSTAG,MICHAEL A 9.000 .250 8.750 .0400 8.710 01/01/2013
600125491 LEE,SN HEE/JIN HYUN 8.000 .250 7.750 .0400 7.710 01/01/2013
600125496 YAW JR.,STEPHEN P.,PENN 8.250 .250 8.000 .0400 7.960 01/01/2013
600125499 BOSNAR,TONY,VINKO 8.875 .250 8.625 .0400 8.585 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125453 YOKOM,STEVEN LEE,KARE 544326 $1,051.41 2 02/01/1998 180
600125458 BREAZEALE,GEORGE 544375 $771.50 02/01/1998 180
600125460 MCGEE,LYNDEN,SANDRA 544394 $1,245.22 02/01/1998 180
600125462 ABBOUD,RANDA 544409 $761.22 02/01/1998 180
600125467 JOLLY,PATRICIA 544460 $1,487.85 02/01/1998 180
600125468 DUGGER,LINDA 544464 $1,039.96 02/01/1998 180
600125469 VOORHIES,GARY L.,DIANA L 544475 $353.90 02/01/1998 180
600125470 EVANS,STEVENS A.,DIAN 544476 $616.31 02/01/1998 180
600125476 HANDRIS,EDWARD,TERESA 544510 $905.98 02/01/1998 180
600125485 RIM,SEUNG SOO,DEBOR 544573 $1,189.11 02/01/1998 180
600125488 KROSTAG,MICHAEL A 544600 $811.06 12 02/01/1998 180
600125491 LEE,SN HEE/JIN HYUN 544614 $1,070.56 02/01/1998 180
600125496 YAW JR.,STEPHEN P.,PENN 544645 $1,111.87 02/01/1998 180
600125499 BOSNAR,TONY,VINKO 544695 $724.04 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125453 YOKOM,STEVEN LEE,KARE $132,000.00 N
600125458 BREAZEALE,GEORGE $209,000.00 N
600125460 MCGEE,LYNDEN,SANDRA $195,000.00 N
600125462 ABBOUD,RANDA $132,000.00 N
600125467 JOLLY,PATRICIA $258,000.00 N
600125468 DUGGER,LINDA $193,250.00 N
600125469 VOORHIES,GARY L.,DIANA L $205,000.00 N
600125470 EVANS,STEVENS A.,DIAN $186,000.00 N
600125476 HANDRIS,EDWARD,TERESA $160,000.00 N
600125485 RIM,SEUNG SOO,DEBOR $205,000.00 N
600125488 KROSTAG,MICHAEL A $112,000.00 N
600125491 LEE,SN HEE/JIN HYUN $185,000.00 N
600125496 YAW JR.,STEPHEN P.,PENN $220,000.00 N
600125499 BOSNAR,TONY,VINKO $130,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 17
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125502 TIEMAN,MICHAEL,NANCY 4113 NORTHWEST 14TH AVENU CAMAS WA 98607 $181,924.71
600125516 WEVER,MARK, DONNA 23211 EAST SANDY AVENUE RHODODENDRON OR 97049 $190,265.62
600125519 RUTH,GARY,JUDITH 847-849 NORTHEAST HACIEND GRESHAM OR 97030 $124,326.56
600125521 WALSH/WALSH,PATRICIA/MURI 5725 NORTHEAST 32ND AVENU PORTLAND OR 97211 $87,950.66
600125525 DARQUEA,CHARLES,PATRICI 2928 EAST BELVEDERE ROAD ANAHEIM CA 92806 $174,376.19
600125533 OH,JONG 33215 SANDPIPER PLACE FREMONT CA 94555 $214,518.03
600125538 WALSH,JUSTINA 3010 EAST LAKE COURT MARINA CA 93933 $115,776.56
600125539 GOLESTANI,NASSER,MAHBOUB 938 BUCKEYE DRIVE SUNNYVALE CA 94086 $192,899.59
600125543 HANKS,JEFFREY,THERI 490 MOUNT HOWELL ROAD COLFAX CA 95713 $112,352.32
600125545 HANLON,THOMAS,CYNTHIA 812 MILLS AVENUE SAN BRUNO CA 94066 $183,663.22
600125552 BUSH,RODERICK,MAUREE 1214 AND 1216 SOUTH CITRU LOS ANGELES CA 90019 $179,896.44
600125555 D'AGOSTINO,JOHN 838 NORTH DOHENY DRIVE WEST HOLLYWOOD CA 90069 $151,819.87
600125566 BARTON,ANN 1614 HANNALEI DRIVE VISTA CA 92083 $104,169.88
600125569 SABOUR,SAID,ZAHRA 908 CAYO GRANDE COURT THOUSAND OAKS CA 91320 $210,757.01
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125502 TIEMAN,MICHAEL,NANCY 7.875 .250 7.625 .0400 7.585 01/01/2013
600125516 WEVER,MARK, DONNA 7.750 .250 7.500 .0400 7.460 01/01/2013
600125519 RUTH,GARY,JUDITH 8.625 .250 8.375 .0400 8.335 01/01/2013
600125521 WALSH/WALSH,PATRICIA/MURI 8.875 .250 8.625 .0400 8.585 01/01/2013
600125525 DARQUEA,CHARLES,PATRICI 8.000 .250 7.750 .0400 7.710 12/01/2012
600125533 OH,JONG 8.125 .250 7.875 .0400 7.835 12/01/2012
600125538 WALSH,JUSTINA 8.250 .250 8.000 .0400 7.960 11/01/2012
600125539 GOLESTANI,NASSER,MAHBOUB 8.250 .250 8.000 .0400 7.960 12/01/2012
600125543 HANKS,JEFFREY,THERI 8.125 .250 7.875 .0400 7.835 12/01/2012
600125545 HANLON,THOMAS,CYNTHIA 8.500 .250 8.250 .0400 8.210 11/01/2012
600125552 BUSH,RODERICK,MAUREE 8.750 .250 8.500 .0400 8.460 01/01/2013
600125555 D'AGOSTINO,JOHN 8.625 .250 8.375 .0400 8.335 12/01/2012
600125566 BARTON,ANN 8.375 .250 8.125 .0400 8.085 12/01/2012
600125569 SABOUR,SAID,ZAHRA 7.875 .250 7.625 .0400 7.585 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125502 TIEMAN,MICHAEL,NANCY 544712 $1,319.99 02/01/1998 180
600125516 WEVER,MARK, DONNA 544785 $1,364.05 02/01/1998 180
600125519 RUTH,GARY,JUDITH 544832 $967.57 02/01/1998 180
600125521 WALSH/WALSH,PATRICIA/MURI 544842 $700.17 02/01/1998 180
600125525 DARQUEA,CHARLES,PATRICI 545340 $1,284.82 02/01/1998 180
600125533 OH,JONG 546107 $1,594.88 02/01/1998 180
600125538 WALSH,JUSTINA 546547 $871.47 02/01/1998 180
600125539 GOLESTANI,NASSER,MAHBOUB 546697 $1,882.07 02/01/1998 180
600125543 HANKS,JEFFREY,THERI 546760 $835.31 02/01/1998 180
600125545 HANLON,THOMAS,CYNTHIA 546787 $1,414.80 02/01/1998 180
600125552 BUSH,RODERICK,MAUREE 547824 $1,416.06 02/01/1998 180
600125555 D'AGOSTINO,JOHN 548056 $1,182.24 02/01/1998 180
600125566 BARTON,ANN 548305 $792.76 02/01/1998 180
600125569 SABOUR,SAID,ZAHRA 548331 $2,010.71 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125502 TIEMAN,MICHAEL,NANCY $241,086.00 N
600125516 WEVER,MARK, DONNA $238,000.00 N
600125519 RUTH,GARY,JUDITH $155,500.00 N
600125521 WALSH/WALSH,PATRICIA/MURI $110,000.00 N
600125525 DARQUEA,CHARLES,PATRICI $218,888.00 N
600125533 OH,JONG $268,500.00 N
600125538 WALSH,JUSTINA $145,000.00 N
600125539 GOLESTANI,NASSER,MAHBOUB $420,000.00 N
600125543 HANKS,JEFFREY,THERI $150,000.00 N
600125545 HANLON,THOMAS,CYNTHIA $230,000.00 N
600125552 BUSH,RODERICK,MAUREE $225,000.00 N
600125555 D'AGOSTINO,JOHN $190,000.00 N
600125566 BARTON,ANN $149,000.00 N
600125569 SABOUR,SAID,ZAHRA $270,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 18
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125572 CHENG,KEN,TERRY 560 HERMOSA VISTA STREET MONTEREY PARK CA 91754 $201,226.28
600125573 MARTENS,NORVEL,JOANN 40189 LAKEVIEW DRIVE BIG BEAR LAKE CA 92315 $220,224.94
600125574 ELLINGTON/ANDER,RICK/DEBR 2315 AND 2317 EBERS STREE SAN DIEGO CA 92107 $92,820.91
600125575 NGUYEN/NGUYEN,KHAI/HUONG 13391 SPARREN AVEUNE SAN DIEGO CA 92129 $143,174.11
600125578 BREWER/MCMILLEN,AUGUSTUS/ 2139 CAMBRIDGE AVENUE ENCINITAS CA 92007 $168,899.62
600125581 RODDY,GLENDA 433 EAST FAIRWAY BOULEVAR BIG BEAR CITY CA 92314 $104,812.68
600125583 DANG,CHUONG 11375 GOLDENTOP DRIVE LAKESIDE CA 92040 $165,275.27
600125584 KLICKA,TERRI 8766 PINE CREEK ROAD PINE VALLEY CA 91962 $129,262.99
600125585 TERKEL,MIKE,BEATRIZ 17730 BELLECHASE CIRCLE SAN DIEGO CA 92128 $212,453.69
600125587 FEZER,LARRY 3886 MARTHA STREET SAN DIEGO CA 92117 $127,235.04
600125590 GARMONE,EDWARD,GERALDIN 1605 MOUNTAIN BREEZE COUR LAS VEGAS NV 89128 $128,675.89
600125593 GREEN,GLADYS 1242 VIA APUESTO SAN MARCOS CA 92069 $134,827.24
600125596 DOLAN,MICHAEL 43745 WOLF ROAD BIG BEAR LAKE CA 92315 $179,179.69
600125597 KAZEMIAN/KHORRA,SHAHROKH/ 8745 RIDEABOUT LANE SAN DIEGO CA 92129 $175,428.31
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125572 CHENG,KEN,TERRY 8.000 .250 7.750 .0400 7.710 12/01/2012
600125573 MARTENS,NORVEL,JOANN 8.375 .250 8.125 .0400 8.085 12/01/2012
600125574 ELLINGTON/ANDER,RICK/DEBR 8.875 .250 8.625 .0400 8.585 11/01/2012
600125575 NGUYEN/NGUYEN,KHAI/HUONG 8.125 .250 7.875 .0400 7.835 12/01/2012
600125578 BREWER/MCMILLEN,AUGUSTUS/ 8.625 .250 8.375 .0400 8.335 12/01/2012
600125581 RODDY,GLENDA 8.625 .250 8.375 .0400 8.335 11/01/2012
600125583 DANG,CHUONG 7.875 .250 7.625 .0400 7.585 12/01/2012
600125584 KLICKA,TERRI 8.500 .250 8.250 .0400 8.210 11/01/2012
600125585 TERKEL,MIKE,BEATRIZ 7.875 .250 7.625 .0400 7.585 01/01/2013
600125587 FEZER,LARRY 7.875 .250 7.625 .0400 7.585 11/01/2012
600125590 GARMONE,EDWARD,GERALDIN 8.750 .250 8.500 .0400 8.460 11/01/2012
600125593 GREEN,GLADYS 8.250 .250 8.000 .0400 7.960 12/01/2012
600125596 DOLAN,MICHAEL 8.000 .250 7.750 .0400 7.710 01/01/2013
600125597 KAZEMIAN/KHORRA,SHAHROKH/ 8.500 .250 8.250 .0400 8.210 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125572 CHENG,KEN,TERRY 548380 $1,934.24 02/01/1998 180
600125573 MARTENS,NORVEL,JOANN 548474 $1,675.96 02/01/1998 180
600125574 ELLINGTON/ANDER,RICK/DEBR 548497 $740.75 02/01/1998 180
600125575 NGUYEN/NGUYEN,KHAI/HUONG 548517 $1,386.55 02/01/1998 180
600125578 BREWER/MCMILLEN,AUGUSTUS/ 548622 $1,315.24 02/01/1998 180
600125581 RODDY,GLENDA 548799 $816.68 02/01/1998 180
600125583 DANG,CHUONG 548834 $1,768.86 02/01/1998 180
600125584 KLICKA,TERRI 548835 $995.74 02/01/1998 180
600125585 TERKEL,MIKE,BEATRIZ 548862 $1,541.50 02/01/1998 180
600125587 FEZER,LARRY 548913 $924.46 02/01/1998 180
600125590 GARMONE,EDWARD,GERALDIN 548966 $1,014.06 2 02/01/1998 180
600125593 GREEN,GLADYS 549030 $1,014.21 02/01/1998 180
600125596 DOLAN,MICHAEL 549068 $1,315.64 02/01/1998 180
600125597 KAZEMIAN/KHORRA,SHAHROKH/ 549160 $1,351.37 2 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125572 CHENG,KEN,TERRY $269,900.00 N
600125573 MARTENS,NORVEL,JOANN $315,000.00 N
600125574 ELLINGTON/ANDER,RICK/DEBR $133,000.00 N
600125575 NGUYEN/NGUYEN,KHAI/HUONG $192,000.00 N
600125578 BREWER/MCMILLEN,AUGUSTUS/ $211,400.00 N
600125581 RODDY,GLENDA $155,000.00 N
600125583 DANG,CHUONG $248,985.00 N
600125584 KLICKA,TERRI $185,000.00 N
600125585 TERKEL,MIKE,BEATRIZ $306,000.00 N
600125587 FEZER,LARRY $160,000.00 N
600125590 GARMONE,EDWARD,GERALDIN $143,315.00 N
600125593 GREEN,GLADYS $228,000.00 N
600125596 DOLAN,MICHAEL $239,100.00 N
600125597 KAZEMIAN/KHORRA,SHAHROKH/ $185,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 19
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125599 MAGHADDAM,ALI,FLORA 6144 CAMINITO BAEZA SAN DIEGO CA 92122 $82,345.08
600125601 BLAISDELL,DIANE 9658 CAMINITO DEL VIDA SAN DIEGO CA 92121 $95,792.22
600125603 CHOMINSKI,PAUL,MARTA 17433 GIBRALTAR COURT SAN DIEGO CA 92128 $207,840.40
600125604 NGUYEN,TONY,LISA 14504 VINTAGE DRIVE SAN DIEGO CA 92129 $193,222.18
600125606 UYEHARA,TAMIKO 14941 WHITES CANYON WAY SILVERADO CANYO CA 92676 $184,257.80
600125608 COHN/MCARTHUR,JEANNE/CHRI 793 CIENEGA ROAD BIG BEAR LAKE CA 92315 $61,924.61
600125609 SEVERSON,ROBERT,YUKO 66 TAMARINDO WAY CHULA VISTA CA 91911 $94,713.64
600125611 VAN DAELE,MARK 3366 DEL MARINO STREET LAS VEGAS NV 89121 $129,008.39
600125612 CRUZ,KATHRYN,THOMAS 9184 RENATO STREET SAN DIEGO CA 92129 $219,992.14
600125613 RULLMAN,DONALD,TERRILL 4516 EVERETT STREET WEST RICHLAND WA 99353 $112,459.24
600125614 KIMBALL,JOEL, CHRISTINE 204 SOUTH LINDSEY STREET TEKOA WA 99033 $48,914.82
600125615 GYULNAZARIAN,VLADIMIR,TAM 13650 99TH AVENUE NORTHEA KIRKLAND WA 98034 $153,299.33
600125616 ALLEN,MICHAEL J. 3922 NORTH MAGNOLIA STREE SPOKANE WA 99207 $55,902.64
600125617 TAUBMAN,LAWRENCE N 720 QUEEN ANNE AVENUE NOR SEATTLE WA 98109 $139,017.26
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125599 MAGHADDAM,ALI,FLORA 8.375 .250 8.125 .0400 8.085 11/01/2012
600125601 BLAISDELL,DIANE 7.625 .250 7.375 .0400 7.335 12/01/2012
600125603 CHOMINSKI,PAUL,MARTA 8.375 .250 8.125 .0400 8.085 12/01/2012
600125604 NGUYEN,TONY,LISA 7.500 .250 7.250 .0400 7.210 11/01/2012
600125606 UYEHARA,TAMIKO 8.125 .250 7.875 .0400 7.835 12/01/2012
600125608 COHN/MCARTHUR,JEANNE/CHRI 8.500 .250 8.250 .0400 8.210 12/01/2012
600125609 SEVERSON,ROBERT,YUKO 8.500 .250 8.250 .0400 8.210 12/01/2012
600125611 VAN DAELE,MARK 9.000 .250 8.750 .0400 8.710 12/01/2012
600125612 CRUZ,KATHRYN,THOMAS 8.000 .250 7.750 .0400 7.710 12/01/2012
600125613 RULLMAN,DONALD,TERRILL 8.375 .250 8.125 .0400 8.085 12/01/2012
600125614 KIMBALL,JOEL, CHRISTINE 8.750 .250 8.500 .0400 8.460 11/01/2012
600125615 GYULNAZARIAN,VLADIMIR,TAM 8.500 .250 8.250 .0400 8.210 11/01/2012
600125616 ALLEN,MICHAEL J. 8.750 .250 8.500 .0400 8.460 11/01/2012
600125617 TAUBMAN,LAWRENCE N 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125599 MAGHADDAM,ALI,FLORA 549189 $627.06 02/01/1998 180
600125601 BLAISDELL,DIANE 549201 $679.48 02/01/1998 180
600125603 CHOMINSKI,PAUL,MARTA 549212 $1,581.71 02/01/1998 180
600125604 NGUYEN,TONY,LISA 549219 $1,807.67 02/01/1998 180
600125606 UYEHARA,TAMIKO 549257 $1,369.91 2 02/01/1998 180
600125608 COHN/MCARTHUR,JEANNE/CHRI 549335 $476.73 02/01/1998 180
600125609 SEVERSON,ROBERT,YUKO 549360 $732.01 02/01/1998 180
600125611 VAN DAELE,MARK 549382 $1,039.17 2 02/01/1998 180
600125612 CRUZ,KATHRYN,THOMAS 549385 $2,114.86 7 02/01/1998 180
600125613 RULLMAN,DONALD,TERRILL 549410 $1,110.36 02/01/1998 180
600125614 KIMBALL,JOEL, CHRISTINE 549416 $385.48 02/01/1998 180
600125615 GYULNAZARIAN,VLADIMIR,TAM 549421 $1,182.97 02/01/1998 180
600125616 ALLEN,MICHAEL J. 549435 $440.55 02/01/1998 180
600125617 TAUBMAN,LAWRENCE N 549439 $1,033.56 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125599 MAGHADDAM,ALI,FLORA $110,000.00 N
600125601 BLAISDELL,DIANE $125,000.00 N
600125603 CHOMINSKI,PAUL,MARTA $277,500.00 N
600125604 NGUYEN,TONY,LISA $270,000.00 N
600125606 UYEHARA,TAMIKO $205,000.00 N
600125608 COHN/MCARTHUR,JEANNE/CHRI $77,500.00 N
600125609 SEVERSON,ROBERT,YUKO $119,000.00 N
600125611 VAN DAELE,MARK $135,980.00 N
600125612 CRUZ,KATHRYN,THOMAS $234,000.00 N
600125613 RULLMAN,DONALD,TERRILL $142,000.00 N
600125614 KIMBALL,JOEL, CHRISTINE $70,000.00 N
600125615 GYULNAZARIAN,VLADIMIR,TAM $181,000.00 N
600125616 ALLEN,MICHAEL J. $80,000.00 N
600125617 TAUBMAN,LAWRENCE N $174,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 20
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125618 MATTHEWS,JOSEPHINE,RICHA 411 WIND SAND LANE GRAYLAND WA 98547 $209,684.02
600125619 MYRSTOL,ROBERTA #37 SHY ROAD WILSALL MT 59086 $59,895.68
600125620 SANDE,ALLAN ARTHUR 1307 BONANZA WAY BELLINGHAM WA 98226 $121,294.59
600125623 WADE,ROBERT,KELLY 19505 NORTHEAST 185TH STR WOODINVILLE WA 98072 $142,667.20
600125625 RIDDLE,MICHAEL,SUSAN 418 EAST CEDAR LANE ROAD PRIEST RIVER ID 83856 $135,821.24
600125627 LINKE,SIEGFRIED 5155 WEST TROPICANA AVENU LAS VEGAS NV 89103 $78,350.01
600125628 KLITZMAN,JACK M 7 HIGHLAND DRIVE SEATTLE WA 98109 $159,789.95
600125629 FISHER,DONALD J 15515 MEADOW ROAD LYNNWOOD WA 98037 $73,358.43
600125630 MITCHELL,CATHERINE,CHARL 213 SYDNEY AVENUE NORTH NORTH BEND WA 98045 $149,583.50
600125632 FONTANINI,DOUGLAS R 40 EAST COUGAR LANE SOUTH SHELTON WA 98584 $167,692.52
600125633 KIM,YONG,HYE 9712 NORTHEAST 130TH COUR VANCOUVER WA 98682 $104,145.25
600125634 HULETT/TOUTANT,DAVID,SHIR 5601 CHINOOK DRIVE NORTHE TACOMA WA 98422 $219,425.93
600125635 GOLLINS,HARVEY 4803 110TH AVENUE COURT E PUYALLUP WA 98372 $108,301.42
600125636 GOLLINS,HARVEY 4807 110TH AVENUE COURT E PUYALLUP WA 98372 $108,301.42
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125618 MATTHEWS,JOSEPHINE,RICHA 8.625 .250 8.375 .0400 8.335 12/01/2012
600125619 MYRSTOL,ROBERTA 8.750 .250 8.500 .0400 8.460 11/01/2012
600125620 SANDE,ALLAN ARTHUR 8.250 .250 8.000 .0400 7.960 12/01/2012
600125623 WADE,ROBERT,KELLY 8.250 .250 8.000 .0400 7.960 12/01/2012
600125625 RIDDLE,MICHAEL,SUSAN 8.125 .250 7.875 .0400 7.835 12/01/2012
600125627 LINKE,SIEGFRIED 8.250 .250 8.000 .0400 7.960 01/01/2013
600125628 KLITZMAN,JACK M 8.125 .250 7.875 .0400 7.835 12/01/2012
600125629 FISHER,DONALD J 8.250 .250 8.000 .0400 7.960 11/01/2012
600125630 MITCHELL,CATHERINE,CHARL 7.875 .250 7.625 .0400 7.585 12/01/2012
600125632 FONTANINI,DOUGLAS R 8.500 .250 8.250 .0400 8.210 11/01/2012
600125633 KIM,YONG,HYE 8.000 .250 7.750 .0400 7.710 11/01/2012
600125634 HULETT/TOUTANT,DAVID,SHIR 8.375 .250 8.125 .0400 8.085 12/01/2012
600125635 GOLLINS,HARVEY 8.500 .250 8.250 .0400 8.210 11/01/2012
600125636 GOLLINS,HARVEY 8.500 .250 8.250 .0400 8.210 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125618 MATTHEWS,JOSEPHINE,RICHA 549441 $1,633.36 02/01/1998 180
600125619 MYRSTOL,ROBERTA 549476 $472.02 02/01/1998 180
600125620 SANDE,ALLAN ARTHUR 549479 $912.41 02/01/1998 180
600125623 WADE,ROBERT,KELLY 549504 $1,073.18 02/01/1998 180
600125625 RIDDLE,MICHAEL,SUSAN 549517 $1,009.80 02/01/1998 180
600125627 LINKE,SIEGFRIED 549585 $588.99 02/01/1998 180
600125628 KLITZMAN,JACK M 549588 $1,188.00 02/01/1998 180
600125629 FISHER,DONALD J 549626 $552.18 02/01/1998 180
600125630 MITCHELL,CATHERINE,CHARL 549648 $1,087.60 02/01/1998 180
600125632 FONTANINI,DOUGLAS R 549651 $1,291.77 02/01/1998 180
600125633 KIM,YONG,HYE 549672 $1,023.50 02/01/1998 180
600125634 HULETT/TOUTANT,DAVID,SHIR 549673 $1,669.88 02/01/1998 180
600125635 GOLLINS,HARVEY 549678 $834.27 02/01/1998 180
600125636 GOLLINS,HARVEY 549679 $834.27 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125618 MATTHEWS,JOSEPHINE,RICHA $300,000.00 N
600125619 MYRSTOL,ROBERTA $80,000.00 N
600125620 SANDE,ALLAN ARTHUR $173,500.00 N
600125623 WADE,ROBERT,KELLY $178,600.00 N
600125625 RIDDLE,MICHAEL,SUSAN $170,000.00 N
600125627 LINKE,SIEGFRIED $98,000.00 N
600125628 KLITZMAN,JACK M $200,000.00 N
600125629 FISHER,DONALD J $105,000.00 N
600125630 MITCHELL,CATHERINE,CHARL $235,000.00 N
600125632 FONTANINI,DOUGLAS R $210,000.00 N
600125633 KIM,YONG,HYE $153,000.00 N
600125634 HULETT/TOUTANT,DAVID,SHIR $292,950.00 N
600125635 GOLLINS,HARVEY $155,000.00 N
600125636 GOLLINS,HARVEY $155,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 21
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125639 GRANRYD,LINNEA M. 8517 5TH AVENUE NORTHEAST SEATTLE WA 98115 $142,258.58
600125643 BABADZHANOV,IOSIF, ANNA 13129 NORTHEAST 109TH PLA KIRKLAND WA 98033 $183,547.83
600125646 EMERICK/BAKER,LESLIE,DOUG 526 EASTMONT AVENUE EAST WENATCHEE WA 98802 $122,508.88
600125648 NAVRATIL,JIM, PAMELA 16862 NORTHEAST 18TH STRE BELLEVUE WA 98008 $179,792.12
600125649 CARLOUS,RAYMOND, JULIE 9718 NORTH EAST 198TH STR BOTHELL WA 98011 $189,750.60
600125650 WYLIE,LESLIE 123 VELTRI DRIVE PRIEST RIVER ID 83856 $116,930.93
600125653 LUCAS/LUCAS,STEFAN/ KEVIN 6012 129TH AVENUE SOUTHEA BELLEVUE WA 98006 $207,485.60
600125659 GOMEZ,FABIAN 3302 - 3308 MORRISON ROAD UNIVERSITY PLAC WA 98466 $251,652.02
600125660 MEEKINS,JEAN 4725 176TH STREET SOUTH W LYNNWOOD WA 98037 $41,199.84
600125664 FRENZEL,CLARA E. 1403 SOUTH 31ST AVENUE YAKIMA WA 98902 $47,967.79
600125665 MOZES,KATHY 14522 54TH AVENUE SOUTHEA EVERETT WA 98208 $187,388.88
600125666 DRESEN,SHANE, KATHY 4201 HARBOR VIEW DRIVE POST FALLS ID 83854 $156,989.12
600125673 STEIN,GREGORY,SHARON 114 ALOHA STREET SEATTLE WA 98109 $183,803.43
600125675 LEARY,ERIN 10737 124TH AVENUE NORTH KIRKLAND WA 98033 $120,952.76
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125639 GRANRYD,LINNEA M. 8.875 .250 8.625 .0400 8.585 11/01/2012
600125643 BABADZHANOV,IOSIF, ANNA 7.625 .250 7.375 .0400 7.335 11/01/2012
600125646 EMERICK/BAKER,LESLIE,DOUG 8.375 .250 8.125 .0400 8.085 12/01/2012
600125648 NAVRATIL,JIM, PAMELA 8.750 .250 8.500 .0400 8.460 12/01/2012
600125649 CARLOUS,RAYMOND, JULIE 8.125 .250 7.875 .0400 7.835 12/01/2012
600125650 WYLIE,LESLIE 8.625 .250 8.375 .0400 8.335 01/01/2013
600125653 LUCAS/LUCAS,STEFAN/ KEVIN 7.875 .250 7.625 .0400 7.585 12/01/2012
600125659 GOMEZ,FABIAN 7.875 .250 7.625 .0400 7.585 12/01/2012
600125660 MEEKINS,JEAN 8.500 .250 8.250 .0400 8.210 12/01/2012
600125664 FRENZEL,CLARA E. 8.000 .250 7.750 .0400 7.710 01/01/2013
600125665 MOZES,KATHY 8.875 .250 8.625 .0400 8.585 12/01/2012
600125666 DRESEN,SHANE, KATHY 7.750 .250 7.500 .0400 7.460 01/01/2013
600125673 STEIN,GREGORY,SHARON 9.125 .250 8.875 .0400 8.835 12/01/2012
600125675 LEARY,ERIN 8.500 .250 8.250 .0400 8.210 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125639 GRANRYD,LINNEA M. 549706 $1,133.79 02/01/1998 180
600125643 BABADZHANOV,IOSIF, ANNA 549747 $1,301.99 02/01/1998 180
600125646 EMERICK/BAKER,LESLIE,DOUG 549783 $1,204.19 02/01/1998 180
600125648 NAVRATIL,JIM, PAMELA 549811 $1,416.06 02/01/1998 180
600125649 CARLOUS,RAYMOND, JULIE 549817 $1,410.74 02/01/1998 180
600125650 WYLIE,LESLIE 549823 $910.01 02/01/1998 180
600125653 LUCAS/LUCAS,STEFAN/ KEVIN 549848 $1,508.14 02/01/1998 180
600125659 GOMEZ,FABIAN 549899 $1,827.17 2 02/01/1998 180
600125660 MEEKINS,JEAN 549911 $317.18 02/01/1998 180
600125664 FRENZEL,CLARA E. 549949 $352.21 02/01/1998 180
600125665 MOZES,KATHY 549950 $1,492.63 02/01/1998 180
600125666 DRESEN,SHANE, KATHY 549952 $1,125.48 02/01/1998 180
600125673 STEIN,GREGORY,SHARON 549981 $1,497.08 02/01/1998 180
600125675 LEARY,ERIN 549995 $931.15 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125639 GRANRYD,LINNEA M. $190,000.00 N
600125643 BABADZHANOV,IOSIF, ANNA $229,950.00 N
600125646 EMERICK/BAKER,LESLIE,DOUG $154,000.00 N
600125648 NAVRATIL,JIM, PAMELA $225,000.00 N
600125649 CARLOUS,RAYMOND, JULIE $239,000.00 N
600125650 WYLIE,LESLIE $165,000.00 N
600125653 LUCAS/LUCAS,STEFAN/ KEVIN $260,000.00 N
600125659 GOMEZ,FABIAN $280,000.00 N
600125660 MEEKINS,JEAN $55,000.00 N
600125664 FRENZEL,CLARA E. $120,000.00 N
600125665 MOZES,KATHY $268,000.00 N
600125666 DRESEN,SHANE, KATHY $196,400.00 N
600125673 STEIN,GREGORY,SHARON $230,000.00 N
600125675 LEARY,ERIN $173,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 22
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125680 REED,ROLAND 1525 NORTHEAST KILLINGSWO PORTLAND OR 97211 $59,964.58
600125681 MCCADDEN/HOOVER,BETTY/LEO 18611 104TH AVENUE NORTHE BOTHELL WA 98011 $180,987.01
600125683 PATTHANAWANICH,SUWIT/SUPA 1408 NORTHEAST BROCKMAN P SEATTLE WA 98125 $159,051.53
600125686 JOHNSON/CASH,RICHARD/GALY NHN LOG YARD ROAD CONDON MT 59826 $57,464.26
600125688 SLOAN,GENE, ARLENE 3600 EAGLE WAY BONNERS FERRY ID 83805 $213,667.12
600125692 SMITH,LAWRENCE S. 8112-8114 111TH STREET EA PUYALLUP WA 98373 $83,897.82
600125693 KYLLONEN,H.V., SUSAN 65 KIRKLAND AVENUE KIRKLAND WA 98033 $119,120.02
600125696 SKRAK,CHRISTINE 6414 47TH AVENUE SOUTHWES SEATTLE WA 98136 $136,703.45
600125704 MOON,DOO,YOUNG 718 36TH STREET BELLINGHAM WA 98226 $127,120.94
600125706 CROZIER,DEBRA JEAN 1203 NORTH 24TH STREET BILLINGS MT 59101 $78,704.69
600125707 MOYLE,GLEN, PRISCILLA 11 GLENDALE ROAD SEQUIM WA 98382 $83,145.57
600125709 TURNER,ROBERT/COLLEEN 5625 152ND STREET SOUTHWE EDMONDS WA 98026 $167,768.00
600125710 KISS,CSABA 8556 DAYTON AVENUE NORTH SEATTLE WA 98103 $152,623.54
600125716 ROBINETT,STEVEN,CHRISTIN 5930 NORTH VANCOUVER PORTLAND OR 97217 $71,006.66
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125680 REED,ROLAND 8.625 .250 8.375 .0400 8.335 01/01/2013
600125681 MCCADDEN/HOOVER,BETTY/LEO 8.250 .250 8.000 .0400 7.960 01/01/2013
600125683 PATTHANAWANICH,SUWIT/SUPA 7.750 .250 7.500 .0400 7.460 12/01/2012
600125686 JOHNSON/CASH,RICHARD/GALY 8.375 .250 8.125 .0400 8.085 01/01/2013
600125688 SLOAN,GENE, ARLENE 8.375 .250 8.125 .0400 8.085 01/01/2013
600125692 SMITH,LAWRENCE S. 8.375 .250 8.125 .0400 8.085 01/01/2013
600125693 KYLLONEN,H.V., SUSAN 8.000 .250 7.750 .0400 7.710 01/01/2013
600125696 SKRAK,CHRISTINE 7.750 .250 7.500 .0400 7.460 01/01/2013
600125704 MOON,DOO,YOUNG 8.375 .250 8.125 .0400 8.085 01/01/2013
600125706 CROZIER,DEBRA JEAN 8.750 .250 8.500 .0400 8.460 01/01/2013
600125707 MOYLE,GLEN, PRISCILLA 8.125 .250 7.875 .0400 7.835 01/01/2013
600125709 TURNER,ROBERT/COLLEEN 7.875 .250 7.625 .0400 7.585 12/01/2012
600125710 KISS,CSABA 8.750 .250 8.500 .0400 8.460 12/01/2012
600125716 ROBINETT,STEVEN,CHRISTIN 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125680 REED,ROLAND 550022 $466.67 02/01/1998 180
600125681 MCCADDEN/HOOVER,BETTY/LEO 550024 $1,760.80 02/01/1998 180
600125683 PATTHANAWANICH,SUWIT/SUPA 550031 $1,506.04 02/01/1998 180
600125686 JOHNSON/CASH,RICHARD/GALY 550049 $437.04 02/01/1998 180
600125688 SLOAN,GENE, ARLENE 550071 $1,625.03 02/01/1998 180
600125692 SMITH,LAWRENCE S. 550117 $638.08 02/01/1998 180
600125693 KYLLONEN,H.V., SUSAN 550123 $874.65 02/01/1998 180
600125696 SKRAK,CHRISTINE 550145 $980.05 02/01/1998 180
600125704 MOON,DOO,YOUNG 550187 $966.81 02/01/1998 180
600125706 CROZIER,DEBRA JEAN 550201 $619.53 12 02/01/1998 180
600125707 MOYLE,GLEN, PRISCILLA 550202 $617.76 02/01/1998 180
600125709 TURNER,ROBERT/COLLEEN 550211 $1,218.12 02/01/1998 180
600125710 KISS,CSABA 550221 $1,202.08 02/01/1998 180
600125716 ROBINETT,STEVEN,CHRISTIN 550268 $527.92 1 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125680 REED,ROLAND $80,000.00 N
600125681 MCCADDEN/HOOVER,BETTY/LEO $242,000.00 N
600125683 PATTHANAWANICH,SUWIT/SUPA $200,000.00 N
600125686 JOHNSON/CASH,RICHARD/GALY $87,500.00 N
600125688 SLOAN,GENE, ARLENE $395,000.00 N
600125692 SMITH,LAWRENCE S. $104,950.00 N
600125693 KYLLONEN,H.V., SUSAN $149,000.00 N
600125696 SKRAK,CHRISTINE $171,000.00 N
600125704 MOON,DOO,YOUNG $159,000.00 N
600125706 CROZIER,DEBRA JEAN $87,500.00 N
600125707 MOYLE,GLEN, PRISCILLA $120,000.00 N
600125709 TURNER,ROBERT/COLLEEN $210,000.00 N
600125710 KISS,CSABA $191,000.00 N
600125716 ROBINETT,STEVEN,CHRISTIN $79,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 23
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125725 SOOD,VIJAY 4905 189TH AVENUE SOUTHWE LYNNWOOD WA 98037 $127,422.77
600125726 SOOD,VIJAY 1425 SOUTH PUGET DRIVE RENTON WA 98055 $52,468.20
600125728 CHILELLI,LOUIS, JUDITH 14733 52ND AVENUE WEST EDMONDS WA 98026 $82,552.48
600125729 POON/KAO,WUNCHOW/WEE 14708 SOUTHEAST 45TH PLAC BELLEVUE WA 98006 $149,906.77
600125731 VAUGHN,DEREK B. 835 SOUTHWEST 347TH PLACE FEDERAL WAY WA 98023 $159,789.95
600125735 MOORE,JAMES R. 9440 ROSS STATION ROAD SEBASTOPOL CA 95472 $214,717.77
600125757 WOO,JOO 2031 27TH STREET SACRAMENTO CA 95818 $172,059.37
600125759 CHURCHIN,LJUBINKO,NEVENK 6033 NORTHCREST CIRCLE CARMICHAEL CA 95608 $132,169.40
600125760 SHAFF,BESSIE 511 CHENEY STREET RENO NV 89502 $99,875.26
600125761 DAVISON,IRIS 23556 SINGING HILLS COURT AUBURN CA 95602 $153,389.81
600125762 COVEY,JAN 719 POMONA AVENUE OROVILLE CA 95965 $74,489.89
600125767 SMITH/KINNICUT,RICHARD/HA 2214 HILLARY DRIVE SODA SPRINGS CA 95728 $104,862.17
600125774 THOMSON,DOROTHY 3122 FLORA STREET SAN LUIS OBISPO CA 93401 $171,779.89
600125792 TEIGEN,THOMAS,GAIL 1527 CARBURY WAY ROSEVILLE CA 95747 $155,910.25
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125725 SOOD,VIJAY 8.500 .250 8.250 .0400 8.210 01/01/2013
600125726 SOOD,VIJAY 8.500 .250 8.250 .0400 8.210 01/01/2013
600125728 CHILELLI,LOUIS, JUDITH 8.750 .250 8.500 .0400 8.460 01/01/2013
600125729 POON/KAO,WUNCHOW/WEE 8.375 .250 8.125 .0400 8.085 01/01/2013
600125731 VAUGHN,DEREK B. 8.125 .250 7.875 .0400 7.835 12/01/2012
600125735 MOORE,JAMES R. 8.125 .250 7.875 .0400 7.835 12/01/2012
600125757 WOO,JOO 8.125 .250 7.875 .0400 7.835 11/01/2012
600125759 CHURCHIN,LJUBINKO,NEVENK 8.750 .250 8.500 .0400 8.460 11/01/2012
600125760 SHAFF,BESSIE 8.375 .250 8.125 .0400 8.085 12/01/2012
600125761 DAVISON,IRIS 8.250 .250 8.000 .0400 7.960 12/01/2012
600125762 COVEY,JAN 8.250 .250 8.000 .0400 7.960 12/01/2012
600125767 SMITH/KINNICUT,RICHARD/HA 8.125 .250 7.875 .0400 7.835 12/01/2012
600125774 THOMSON,DOROTHY 8.250 .250 8.000 .0400 7.960 12/01/2012
600125792 TEIGEN,THOMAS,GAIL 8.750 .250 8.500 .0400 8.460 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125725 SOOD,VIJAY 550300 $980.36 02/01/1998 180
600125726 SOOD,VIJAY 550301 $403.68 02/01/1998 180
600125728 CHILELLI,LOUIS, JUDITH 550304 $649.81 02/01/1998 180
600125729 POON/KAO,WUNCHOW/WEE 550323 $1,140.11 02/01/1998 180
600125731 VAUGHN,DEREK B. 550340 $1,188.00 02/01/1998 180
600125735 MOORE,JAMES R. 550487 $1,596.37 02/01/1998 180
600125757 WOO,JOO 551929 $1,280.07 02/01/1998 180
600125759 CHURCHIN,LJUBINKO,NEVENK 551936 $1,041.59 02/01/1998 180
600125760 SHAFF,BESSIE 551946 $760.07 02/01/1998 180
600125761 DAVISON,IRIS 551953 $1,153.95 02/01/1998 180
600125762 COVEY,JAN 551963 $560.44 02/01/1998 180
600125767 SMITH/KINNICUT,RICHARD/HA 552168 $779.62 02/01/1998 180
600125774 THOMSON,DOROTHY 552276 $1,292.18 02/01/1998 180
600125792 TEIGEN,THOMAS,GAIL 552464 $1,227.25 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125725 SOOD,VIJAY $170,000.00 N
600125726 SOOD,VIJAY $70,000.00 N
600125728 CHILELLI,LOUIS, JUDITH $118,000.00 N
600125729 POON/KAO,WUNCHOW/WEE $265,000.00 N
600125731 VAUGHN,DEREK B. $200,000.00 N
600125735 MOORE,JAMES R. $310,000.00 N
600125757 WOO,JOO $215,500.00 N
600125759 CHURCHIN,LJUBINKO,NEVENK $165,500.00 N
600125760 SHAFF,BESSIE $125,000.00 N
600125761 DAVISON,IRIS $200,000.00 N
600125762 COVEY,JAN $99,500.00 N
600125767 SMITH/KINNICUT,RICHARD/HA $135,000.00 N
600125774 THOMSON,DOROTHY $215,000.00 N
600125792 TEIGEN,THOMAS,GAIL $195,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 24
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125796 KUETTEL,WILLIAM,DELLA 10559 MARTIS DRIVE TRUCKEE CA 96161 $101,433.61
600125808 STEWART,JAMES 10739 INDIAN PINE ROAD TRUCKEE CA 96161 $119,919.48
600125820 SLATTERY,KEITH,PHYLLIS 5621 CONNIE LANE SHINGLE SPRINGS CA 95682 $149,304.74
600125824 SINCLAIR,CARROLL 241 WEST 2230 NORTH #18 PROVO UT 84604 $94,393.66
600125825 SEEGMILLER,STEVEN 515 WEST 2000 NORTH OREM UT 84057 $97,537.23
600125826 TAFT,RUSSELL,LESLIE 1375 SOUTH 400 EAST SALT LAKE CITY UT 84115 $67,915.17
600125827 HATCH,DEAN, SUSAN 156 SOUTH 100 WEST MANTI UT 84642 $99,608.36
600125830 REES,DAVID 372 SOUTH EMERY STREET SALT LAKE CITY UT 84104 $44,776.16
600125834 SLARKS,BARBARA,RICHARD 6299 SUNSHINE CANYON DRIV BOULDER CO 80302 $166,379.49
600125835 SINNER,RYAN,TRACEY 4774 JACKSON CIRCLE BOULDER CO 80303 $175,884.87
600125836 SLEDGE,TODD 814 ARBOR AVENUE FORT COLLINS CO 80526 $111,223.41
600125837 BORST,JUNE 10130 NORTH MAPLE COURT CEDAR HILLS UT 84062 $128,528.59
600125838 ERICKSON,J.CRAIG,KATHRYN 733 FRANCIS STREET LONGMONT CO 80501 $215,723.57
600125839 PANSINI,FRANK,JUDY 4960 SOUTH LIPAN DRIVE ENGLEWOOD CO 80110 $91,089.11
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125796 KUETTEL,WILLIAM,DELLA 8.125 .250 7.875 .0400 7.835 01/01/2013
600125808 STEWART,JAMES 8.000 .250 7.750 .0400 7.710 01/01/2013
600125820 SLATTERY,KEITH,PHYLLIS 8.250 .250 8.000 .0400 7.960 01/01/2013
600125824 SINCLAIR,CARROLL 8.875 .250 8.625 .0400 8.585 12/01/2012
600125825 SEEGMILLER,STEVEN 8.750 .250 8.500 .0400 8.460 12/01/2012
600125826 TAFT,RUSSELL,LESLIE 8.375 .250 8.125 .0400 8.085 12/01/2012
600125827 HATCH,DEAN, SUSAN 7.750 .250 7.500 .0400 7.460 12/01/2012
600125830 REES,DAVID 9.125 .250 8.875 .0400 8.835 01/01/2013
600125834 SLARKS,BARBARA,RICHARD 7.625 .250 7.375 .0400 7.335 01/01/2013
600125835 SINNER,RYAN,TRACEY 8.125 .250 7.875 .0400 7.835 01/01/2013
600125836 SLEDGE,TODD 7.875 .250 7.625 .0400 7.585 01/01/2013
600125837 BORST,JUNE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125838 ERICKSON,J.CRAIG,KATHRYN 8.250 .250 8.000 .0400 7.960 12/01/2012
600125839 PANSINI,FRANK,JUDY 8.500 .250 8.250 .0400 8.210 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125796 KUETTEL,WILLIAM,DELLA 552568 $753.63 02/01/1998 180
600125808 STEWART,JAMES 552628 $880.52 02/01/1998 180
600125820 SLATTERY,KEITH,PHYLLIS 552730 $1,122.39 2 02/01/1998 180
600125824 SINCLAIR,CARROLL 552900 $751.88 02/01/1998 180
600125825 SEEGMILLER,STEVEN 552903 $768.21 02/01/1998 180
600125826 TAFT,RUSSELL,LESLIE 552906 $516.85 02/01/1998 180
600125827 HATCH,DEAN, SUSAN 552910 $714.62 02/01/1998 180
600125830 REES,DAVID 552929 $364.51 02/01/1998 180
600125834 SLARKS,BARBARA,RICHARD 552938 $1,178.48 02/01/1998 180
600125835 SINNER,RYAN,TRACEY 552946 $1,306.80 02/01/1998 180
600125836 SLEDGE,TODD 552956 $807.00 02/01/1998 180
600125837 BORST,JUNE 552992 $967.63 02/01/1998 180
600125838 ERICKSON,J.CRAIG,KATHRYN 553004 $1,622.74 02/01/1998 180
600125839 PANSINI,FRANK,JUDY 553010 $701.25 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125796 KUETTEL,WILLIAM,DELLA $145,000.00 N
600125808 STEWART,JAMES $160,000.00 N
600125820 SLATTERY,KEITH,PHYLLIS $166,000.00 N
600125824 SINCLAIR,CARROLL $143,000.00 N
600125825 SEEGMILLER,STEVEN $122,100.00 N
600125826 TAFT,RUSSELL,LESLIE $85,000.00 N
600125827 HATCH,DEAN, SUSAN $133,000.00 N
600125830 REES,DAVID $56,000.00 N
600125834 SLARKS,BARBARA,RICHARD $340,000.00 N
600125835 SINNER,RYAN,TRACEY $220,000.00 N
600125836 SLEDGE,TODD $140,000.00 N
600125837 BORST,JUNE $161,000.00 N
600125838 ERICKSON,J.CRAIG,KATHRYN $270,000.00 N
600125839 PANSINI,FRANK,JUDY $114,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 25
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125840 WEBBER,HARRY 2940 LORRAINE COURT BOULDER CO 80304 $165,502.23
600125841 PALIZZI,RANDALL 7023 EAST WARREN DRIVE DENVER CO 80224 $154,167.09
600125842 NOVICK,JONATHAN,JENNIF 515 BOWEN STREET LONGMONT CO 80501 $131,098.43
600125845 THOMPSON,TIMOTHY,JEAN 0011 HACKAMORE ROAD EDWARDS CO 81632 $224,704.64
600125847 HEMMINGER,TONY 16366 EAST RICE PLACE #A AURORA CO 80015 $63,962.21
600125848 AMANN,CORA,DEAN 11810 BIRCH DRIVE THORNTON CO 80233 $118,922.66
600125849 THOMPSON,CHARLES 165 GOPHER ROAD AVON CO 81620 $165,649.59
600125853 FAGAN,SHIRLEY,PATRICK 2427-2431 GROVE STREET DENVER CO 80211 $94,939.43
600125855 NYE,FRED 1255 EAST 35TH STREET OGDEN UT 84403 $71,959.64
600125856 RICE,SCHERRY L. 12566 WELD COUNTY ROAD #1 LONGMONT CO 80501 $223,632.21
600125857 KAISER,MARTHA 1201 EAST EMERSON AVENUE SALT LAKE CITY UT 84105 $162,887.83
600125861 LECLAIRE,THOMAS 3445 WHISTLER ROAD STEAMBOAT SPRIN CO 80487 $82,252.65
600125863 TYSON,MARK,SANDRA 4796 SOUTH TOWNSEND WAY SALT LAKE CITY UT 84118 $71,157.96
600125864 BICKSLER,BRUCE 988 SOUTH 6800 EAST HUNTSVILLE UT 84317 $61,961.47
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125840 WEBBER,HARRY 8.625 .250 8.375 .0400 8.335 01/01/2013
600125841 PALIZZI,RANDALL 8.625 .250 8.375 .0400 8.335 12/01/2012
600125842 NOVICK,JONATHAN,JENNIF 8.750 .250 8.500 .0400 8.460 12/01/2012
600125845 THOMPSON,TIMOTHY,JEAN 8.125 .250 7.875 .0400 7.835 12/01/2012
600125847 HEMMINGER,TONY 8.625 .250 8.375 .0400 8.335 01/01/2013
600125848 AMANN,CORA,DEAN 8.750 .250 8.500 .0400 8.460 01/01/2013
600125849 THOMPSON,CHARLES 8.500 .250 8.250 .0400 8.210 01/01/2013
600125853 FAGAN,SHIRLEY,PATRICK 8.250 .250 8.000 .0400 7.960 01/01/2013
600125855 NYE,FRED 8.875 .250 8.625 .0400 8.585 01/01/2013
600125856 RICE,SCHERRY L. 8.375 .250 8.125 .0400 8.085 01/01/2013
600125857 KAISER,MARTHA 7.875 .250 7.625 .0400 7.585 01/01/2013
600125861 LECLAIRE,THOMAS 8.750 .250 8.500 .0400 8.460 01/01/2013
600125863 TYSON,MARK,SANDRA 8.625 .250 8.375 .0400 8.335 01/01/2013
600125864 BICKSLER,BRUCE 8.375 .250 8.125 .0400 8.085 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125840 WEBBER,HARRY 553011 $1,288.02 02/01/1998 180
600125841 PALIZZI,RANDALL 553012 $1,200.52 2 02/01/1998 180
600125842 NOVICK,JONATHAN,JENNIF 553014 $1,032.54 02/01/1998 180
600125845 THOMPSON,TIMOTHY,JEAN 553026 $1,670.62 02/01/1998 180
600125847 HEMMINGER,TONY 553029 $497.79 02/01/1998 180
600125848 AMANN,CORA,DEAN 553030 $937.75 02/01/1998 180
600125849 THOMPSON,CHARLES 553031 $1,274.47 2 02/01/1998 180
600125853 FAGAN,SHIRLEY,PATRICK 553040 $713.70 02/01/1998 180
600125855 NYE,FRED 553141 $572.86 02/01/1998 180
600125856 RICE,SCHERRY L. 553145 $1,702.56 02/01/1998 180
600125857 KAISER,MARTHA 553156 $1,181.86 02/01/1998 180
600125861 LECLAIRE,THOMAS 553199 $647.45 02/01/1998 180
600125863 TYSON,MARK,SANDRA 553255 $553.79 02/01/1998 180
600125864 BICKSLER,BRUCE 553269 $471.24 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125840 WEBBER,HARRY $207,000.00 N
600125841 PALIZZI,RANDALL $162,500.00 N
600125842 NOVICK,JONATHAN,JENNIF $175,000.00 N
600125845 THOMPSON,TIMOTHY,JEAN $410,000.00 N
600125847 HEMMINGER,TONY $81,000.00 N
600125848 AMANN,CORA,DEAN $149,000.00 N
600125849 THOMPSON,CHARLES $174,500.00 N
600125853 FAGAN,SHIRLEY,PATRICK $130,000.00 N
600125855 NYE,FRED $90,000.00 N
600125856 RICE,SCHERRY L. $310,000.00 N
600125857 KAISER,MARTHA $231,000.00 N
600125861 LECLAIRE,THOMAS $117,700.00 N
600125863 TYSON,MARK,SANDRA $89,000.00 N
600125864 BICKSLER,BRUCE $155,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 26
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125870 ROBINSON,KEVIN 346 EAST REDFIELD ROAD CHANDLER AZ 85225 $151,720.00
600125871 SALEM,TIMOTHY 2617 NORTH 81ST WAY SCOTTSDALE AZ 85257 $105,934.11
600125874 RICHARDSON,TODD,MICHELE 4008 NORTH 45TH PLACE PHOENIX AZ 85018 $133,291.86
600125876 LITTLE,COLLEEN 2074 EAST WILLOW WICK ROA GILBERT AZ 85296 $127,236.98
600125877 ZAURRINI,MIMMO,MARISA 10410 NORTH CAVE CREEK RO PHOENIX AZ 85020 $78,603.57
600125879 SUPYK,MICHAEL,CHRISTE 13601 NORTH 18TH STREET PHOENIX AZ 85022 $115,044.88
600125880 COWDELL,MARION,FREDRICK 5375 EAST JUNIPER AVENUE SCOTTSDALE AZ 85254 $147,805.71
600125882 GIACOPUZZI,JAY,RITA 16110 EAST FAIRVIEW LANE HIGLEY AZ 85236 $167,790.43
600125884 HIGGINS,BRIAN, CARLENE 5636 NORTH 10TH AVENUE PHOENIX AZ 85013 $85,493.23
600125885 PETERSON,GALE 8958 EAST DAHLIA DRIVE SCOTTSDALE AZ 85260 $106,263.83
600125886 PHILLIPS,SHARON 402 NORTH JENTILLY LANE CHANDLER AZ 85226 $163,795.41
600125887 BASS,CHRISTINE C. 5750 NORTH CAMINO ESPLEND TUCSON AZ 85718 $51,688.66
600125888 KALER,DON, DONNA 5106 BRANDING IRON LOOP PINETOP AZ 85935 $164,683.68
600125890 BOUMA,KAY 27435 NORTH 42ND STREET CAVE CREEK AZ 85331 $119,923.48
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125870 ROBINSON,KEVIN 8.625 .250 8.375 .0400 8.335 12/01/2012
600125871 SALEM,TIMOTHY 8.375 .250 8.125 .0400 8.085 01/01/2013
600125874 RICHARDSON,TODD,MICHELE 8.625 .250 8.375 .0400 8.335 12/01/2012
600125876 LITTLE,COLLEEN 8.250 .250 8.000 .0400 7.960 12/01/2012
600125877 ZAURRINI,MIMMO,MARISA 8.625 .250 8.375 .0400 8.335 01/01/2013
600125879 SUPYK,MICHAEL,CHRISTE 8.000 .250 7.750 .0400 7.710 12/01/2012
600125880 COWDELL,MARION,FREDRICK 8.125 .250 7.875 .0400 7.835 12/01/2012
600125882 GIACOPUZZI,JAY,RITA 8.375 .250 8.125 .0400 8.085 12/01/2012
600125884 HIGGINS,BRIAN, CARLENE 8.375 .250 8.125 .0400 8.085 12/01/2012
600125885 PETERSON,GALE 8.250 .250 8.000 .0400 7.960 12/01/2012
600125886 PHILLIPS,SHARON 8.375 .250 8.125 .0400 8.085 12/01/2012
600125887 BASS,CHRISTINE C. 8.625 .250 8.375 .0400 8.335 12/01/2012
600125888 KALER,DON, DONNA 7.750 .250 7.500 .0400 7.460 01/01/2013
600125890 BOUMA,KAY 8.250 .250 8.000 .0400 7.960 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125870 ROBINSON,KEVIN 553901 $1,181.46 02/01/1998 180
600125871 SALEM,TIMOTHY 553904 $805.68 02/01/1998 180
600125874 RICHARDSON,TODD,MICHELE 553914 $1,037.96 2 02/01/1998 180
600125876 LITTLE,COLLEEN 553918 $957.11 7 02/01/1998 180
600125877 ZAURRINI,MIMMO,MARISA 553921 $611.73 02/01/1998 180
600125879 SUPYK,MICHAEL,CHRISTE 553944 $845.30 02/01/1998 180
600125880 COWDELL,MARION,FREDRICK 553959 $1,098.90 02/01/1998 180
600125882 GIACOPUZZI,JAY,RITA 553966 $1,276.92 02/01/1998 180
600125884 HIGGINS,BRIAN, CARLENE 553968 $650.62 02/01/1998 180
600125885 PETERSON,GALE 553970 $799.35 02/01/1998 180
600125886 PHILLIPS,SHARON 553971 $1,246.52 02/01/1998 180
600125887 BASS,CHRISTINE C. 553972 $402.51 02/01/1998 180
600125888 KALER,DON, DONNA 553977 $1,180.65 02/01/1998 180
600125890 BOUMA,KAY 553984 $901.52 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125870 ROBINSON,KEVIN $189,900.00 N
600125871 SALEM,TIMOTHY $138,500.00 N
600125874 RICHARDSON,TODD,MICHELE $140,500.00 N
600125876 LITTLE,COLLEEN $141,587.00 N
600125877 ZAURRINI,MIMMO,MARISA $104,900.00 N
600125879 SUPYK,MICHAEL,CHRISTE $144,000.00 N
600125880 COWDELL,MARION,FREDRICK $185,000.00 N
600125882 GIACOPUZZI,JAY,RITA $210,000.00 N
600125884 HIGGINS,BRIAN, CARLENE $107,000.00 N
600125885 PETERSON,GALE $133,000.00 N
600125886 PHILLIPS,SHARON $205,000.00 N
600125887 BASS,CHRISTINE C. $69,000.00 N
600125888 KALER,DON, DONNA $240,000.00 N
600125890 BOUMA,KAY $150,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 27
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125893 JOHNSON,SCOTT 4122 NORTH 56TH STREET PHOENIX AZ 85018 $155,736.54
600125894 SOLLER,L. CRAIG 1314 EAST COBB STREET TEMPE AZ 85281 $100,937.23
600125896 MAILHOIT,JOANNE 4862 EAST HARMONY AVENUE MESA AZ 85206 $101,742.93
600125897 DOFFING,JAMES 2615 NORTH HAYDEN ROAD #1 SCOTTSDALE AZ 85257 $55,966.94
600125898 LEES,YVONNE 20806 NORTH 10TH STREET PHOENIX AZ 85024 $132,625.61
600125899 NICOLOPOULIS,PAULINE 16309 EAST FOUNTAIN HILLS FOUNTAIN HILLS AZ 85268 $178,386.18
600125900 PRICE,CLIFFORD,CAROLE 10301 NORTH 70TH STREET SCOTTSDALE AZ 85253 $76,852.82
600125901 WALKER,LAWRENCE,VALERI 1419 WEST CAMPBELL AVENUE PHOENIX AZ 85013 $39,978.72
600125903 ANCONA,MARTIN,NANCIE 1402 WEST ROSS AVENUE PHOENIX AZ 85027 $90,198.07
600125907 ASKINAZI,ANDREA 15039 SOUTH 28TH STREET PHOENIX AZ 85048 $114,327.05
600125911 LANGE,CURTIS 8801 SOUTH 48TH STREET PHOENIX AZ 85044 $64,458.87
600125912 HAMMOND,PAUL, JILL 108 WEST WINDSONG DRIVE PHOENIX AZ 85045 $166,288.35
600125914 MORSE,ROGER,CAROL 3841 SOUTH WATERFRONT DRI CHANDLER AZ 85248 $156,602.61
600125916 GOODMAN,CLAUDETTE 3432 WEST SUNNYSIDE DRIVE PHOENIX AZ 85029 $67,159.29
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125893 JOHNSON,SCOTT 8.625 .250 8.375 .0400 8.335 12/01/2012
600125894 SOLLER,L. CRAIG 8.375 .250 8.125 .0400 8.085 01/01/2013
600125896 MAILHOIT,JOANNE 8.875 .250 8.625 .0400 8.585 01/01/2013
600125897 DOFFING,JAMES 8.625 .250 8.375 .0400 8.335 01/01/2013
600125898 LEES,YVONNE 8.875 .250 8.625 .0400 8.585 01/01/2013
600125899 NICOLOPOULIS,PAULINE 8.250 .250 8.000 .0400 7.960 01/01/2013
600125900 PRICE,CLIFFORD,CAROLE 8.500 .250 8.250 .0400 8.210 01/01/2013
600125901 WALKER,LAWRENCE,VALERI 9.125 .250 8.875 .0400 8.835 01/01/2013
600125903 ANCONA,MARTIN,NANCIE 8.750 .250 8.500 .0400 8.460 01/01/2013
600125907 ASKINAZI,ANDREA 8.250 .250 8.000 .0400 7.960 01/01/2013
600125911 LANGE,CURTIS 8.250 .250 8.000 .0400 7.960 01/01/2013
600125912 HAMMOND,PAUL, JILL 8.000 .250 7.750 .0400 7.710 01/01/2013
600125914 MORSE,ROGER,CAROL 8.375 .250 8.125 .0400 8.085 01/01/2013
600125916 GOODMAN,CLAUDETTE 8.500 .250 8.250 .0400 8.210 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125893 JOHNSON,SCOTT 553989 $1,213.35 02/01/1998 180
600125894 SOLLER,L. CRAIG 554003 $767.67 2 02/01/1998 180
600125896 MAILHOIT,JOANNE 554005 $809.97 2 02/01/1998 180
600125897 DOFFING,JAMES 554007 $435.56 02/01/1998 180
600125898 LEES,YVONNE 554009 $1,055.82 2 02/01/1998 180
600125899 NICOLOPOULIS,PAULINE 554012 $1,341.01 02/01/1998 180
600125900 PRICE,CLIFFORD,CAROLE 554013 $591.29 7 02/01/1998 180
600125901 WALKER,LAWRENCE,VALERI 554026 $325.45 02/01/1998 180
600125903 ANCONA,MARTIN,NANCIE 554031 $710.00 2 02/01/1998 180
600125907 ASKINAZI,ANDREA 554052 $859.45 02/01/1998 180
600125911 LANGE,CURTIS 554072 $484.57 02/01/1998 180
600125912 HAMMOND,PAUL, JILL 554077 $1,220.98 02/01/1998 180
600125914 MORSE,ROGER,CAROL 554086 $1,191.03 2 02/01/1998 180
600125916 GOODMAN,CLAUDETTE 554089 $516.71 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125893 JOHNSON,SCOTT $195,000.00 N
600125894 SOLLER,L. CRAIG $106,375.00 N
600125896 MAILHOIT,JOANNE $107,173.00 N
600125897 DOFFING,JAMES $80,000.00 N
600125898 LEES,YVONNE $139,730.00 N
600125899 NICOLOPOULIS,PAULINE $260,000.00 N
600125900 PRICE,CLIFFORD,CAROLE $86,900.00 N
600125901 WALKER,LAWRENCE,VALERI $50,000.00 N
600125903 ANCONA,MARTIN,NANCIE $95,000.00 N
600125907 ASKINAZI,ANDREA $143,000.00 N
600125911 LANGE,CURTIS $82,900.00 N
600125912 HAMMOND,PAUL, JILL $208,000.00 N
600125914 MORSE,ROGER,CAROL $165,000.00 N
600125916 GOODMAN,CLAUDETTE $84,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 28
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125917 PHILLIPS,SHARON 2524 EAST HEATHERBRAE DRI PHOENIX AZ 85016 $49,971.97
600125920 SMELSER,RONALD,RUTH 2238 NORTH 11TH STREET PHOENIX AZ 85006 $61,156.81
600125930 MARTINEZ,ARNULFO,TERESA 1038 PINON LANE CARLSBAD NM 88220 $63,708.30
600125931 VAN KIRK/GOODMA,WILLIAM/S 3201 YAVAPAI ROAD PRESCOTT VALLEY AZ 86314 $117,528.76
600125934 DOKKEN,STEPHEN,ELIZABE 5124 NORTH 79TH PLACE SCOTTSDALE AZ 85250 $115,916.04
600125936 FARNSWORTH,RICHERSON 247-249 ROSE STREET SAN FRANCISCO CA 94102 $218,113.31
600125938 KHAN,HAKIM 2185 SHERMAN DRIVE UNION CITY CA 94587 $143,667.14
600125944 LUNA,MARCELO 1126 CHERRY AVENUE #13 SAN BRUNO CA 94066 $69,157.23
600125946 INLOW,ROBERT,GAIL 1589 STAPLETON COURT SAN JOSE CA 95118 $183,876.15
600125948 PALACIOS,FERNANDO,HEIDI 6385 WEST OTTAWA COURT SUN VALLEY NV 89433 $98,841.61
600125949 LAWRENCE,MARGARET 2029 PIERCE STREET SAN FRANCISCO CA 94115 $173,818.88
600125950 ALLEN,JAMES 7338 SHELTER CREEK LANE SAN BRUNO CA 94066 $110,493.30
600125960 RICHARDSON,DANIEL/LISA 2505 RACHEL COURT ANTIOCH CA 94509 $202,267.61
600125962 BIDDY,CATHERINE 451 DELA VINA AVENUE MONTEREY CA 93940 $92,194.12
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125917 PHILLIPS,SHARON 8.875 .250 8.625 .0400 8.585 01/01/2013
600125920 SMELSER,RONALD,RUTH 7.750 .250 7.500 .0400 7.460 01/01/2013
600125930 MARTINEZ,ARNULFO,TERESA 8.125 .250 7.875 .0400 7.835 01/01/2013
600125931 VAN KIRK/GOODMA,WILLIAM/S 8.500 .250 8.250 .0400 8.210 01/01/2013
600125934 DOKKEN,STEPHEN,ELIZABE 7.625 .250 7.375 .0400 7.335 01/01/2013
600125936 FARNSWORTH,RICHERSON 8.125 .250 7.875 .0400 7.835 12/01/2012
600125938 KHAN,HAKIM 8.375 .250 8.125 .0400 8.085 11/01/2012
600125944 LUNA,MARCELO 7.875 .250 7.625 .0400 7.585 12/01/2012
600125946 INLOW,ROBERT,GAIL 8.500 .250 8.250 .0400 8.210 12/01/2012
600125948 PALACIOS,FERNANDO,HEIDI 8.625 .250 8.375 .0400 8.335 01/01/2013
600125949 LAWRENCE,MARGARET 9.250 .250 9.000 .0400 8.960 12/01/2012
600125950 ALLEN,JAMES 7.750 .250 7.500 .0400 7.460 12/01/2012
600125960 RICHARDSON,DANIEL/LISA 8.125 .250 7.875 .0400 7.835 01/01/2013
600125962 BIDDY,CATHERINE 8.500 .250 8.250 .0400 8.210 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125917 PHILLIPS,SHARON 554099 $397.82 02/01/1998 180
600125920 SMELSER,RONALD,RUTH 554122 $438.44 2 02/01/1998 180
600125930 MARTINEZ,ARNULFO,TERESA 554155 $473.34 02/01/1998 180
600125931 VAN KIRK/GOODMA,WILLIAM/S 554156 $904.24 02/01/1998 180
600125934 DOKKEN,STEPHEN,ELIZABE 554169 $821.04 02/01/1998 180
600125936 FARNSWORTH,RICHERSON 554917 $1,621.61 02/01/1998 180
600125938 KHAN,HAKIM 555065 $1,094.50 02/01/1998 180
600125944 LUNA,MARCELO 555181 $502.84 02/01/1998 180
600125946 INLOW,ROBERT,GAIL 555258 $1,415.57 02/01/1998 180
600125948 PALACIOS,FERNANDO,HEIDI 555269 $769.23 02/01/1998 180
600125949 LAWRENCE,MARGARET 555340 $1,431.46 02/01/1998 180
600125950 ALLEN,JAMES 555375 $792.71 12 02/01/1998 180
600125960 RICHARDSON,DANIEL/LISA 555586 $1,502.81 02/01/1998 180
600125962 BIDDY,CATHERINE 555619 $709.32 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125917 PHILLIPS,SHARON $115,000.00 N
600125920 SMELSER,RONALD,RUTH $72,000.00 N
600125930 MARTINEZ,ARNULFO,TERESA $75,000.00 N
600125931 VAN KIRK/GOODMA,WILLIAM/S $147,000.00 N
600125934 DOKKEN,STEPHEN,ELIZABE $165,000.00 N
600125936 FARNSWORTH,RICHERSON $273,000.00 N
600125938 KHAN,HAKIM $180,000.00 N
600125944 LUNA,MARCELO $92,500.00 N
600125946 INLOW,ROBERT,GAIL $263,000.00 N
600125948 PALACIOS,FERNANDO,HEIDI $128,900.00 N
600125949 LAWRENCE,MARGARET $217,500.00 N
600125950 ALLEN,JAMES $116,500.00 N
600125960 RICHARDSON,DANIEL/LISA $253,000.00 N
600125962 BIDDY,CATHERINE $123,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 29
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125963 WONG,ANGELA 222 ARCH STREET SAN FRANCISCO CA 94132 $153,802.92
600125964 EVANS,V. DENEE 938 FULTON STREET REDWOOD CITY CA 94061 $199,875.69
600125976 NIKNIA,BAHRAM 9313 NATIONAL BOULEVARD LOS ANGELES CA 90034 $64,725.17
600125981 ZIEGLER,EDNA 10313 DENKER AVENUE LOS ANGELES CA 90047 $144,237.50
600125982 BROCK,D-ANN 1143 HARRISON AVENUE LOS ANGELES CA 90291 $149,911.45
600125996 POSCHMANN,KJELD 1220 BERMUDA DRIVE LAGUNA BEACH CA 92651 $201,357.78
600126002 MARTINEZ,ALEX 11762 MOORPARK STREET LOS ANGELES CA 91604 $100,673.41
600126011 POTVIN,JOHN,JUDITH 3491 1,2,3 & 4 EAST ANDY LONG BEACH CA 90805 $128,024.37
600126013 MARKARIAN/GEOZA,MISAK/VAR 834 EAST ELMWOOD AVENUE BURBANK CA 91501 $175,756.97
600126015 COLLINS,CAROLINE 654 HILL STREET SANTA MONICA CA 90405 $169,765.25
600126016 LAFRANCE,CAROLYN 3568 SYDNEY PLACE SAN DIEGO CA 92116 $127,994.19
600126021 WATKINS,ROBERT 809 AND 811 WEST ALMOND A ORANGE CA 92868 $130,314.70
600126032 SALAMIAN,MEHDI,LOURDES 6 CHEROKEE STREET COTO DE CAZA AR CA 92679 $194,236.93
600126039 BUTLER,STEVEN 8810 ZELZAH AVENUE LOS ANGELES CA 91325 $202,863.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125963 WONG,ANGELA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125964 EVANS,V. DENEE 8.375 .250 8.125 .0400 8.085 01/01/2013
600125976 NIKNIA,BAHRAM 8.750 .250 8.500 .0400 8.460 12/01/2012
600125981 ZIEGLER,EDNA 8.875 .250 8.625 .0400 8.585 12/01/2012
600125982 BROCK,D-ANN 8.625 .250 8.375 .0400 8.335 01/01/2013
600125996 POSCHMANN,KJELD 7.750 .250 7.500 .0400 7.460 01/01/2013
600126002 MARTINEZ,ALEX 8.375 .250 8.125 .0400 8.085 12/01/2012
600126011 POTVIN,JOHN,JUDITH 8.625 .250 8.375 .0400 8.335 01/01/2013
600126013 MARKARIAN/GEOZA,MISAK/VAR 7.875 .250 7.625 .0400 7.585 12/01/2012
600126015 COLLINS,CAROLINE 7.875 .250 7.625 .0400 7.585 12/01/2012
600126016 LAFRANCE,CAROLYN 8.500 .250 8.250 .0400 8.210 12/01/2012
600126021 WATKINS,ROBERT 8.125 .250 7.875 .0400 7.835 01/01/2013
600126032 SALAMIAN,MEHDI,LOURDES 8.500 .250 8.250 .0400 8.210 12/01/2012
600126039 BUTLER,STEVEN 8.000 .250 7.750 .0400 7.710 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125963 WONG,ANGELA 555658 $1,156.95 02/01/1998 180
600125964 EVANS,V. DENEE 555663 $1,520.14 02/01/1998 180
600125976 NIKNIA,BAHRAM 555974 $509.78 2 02/01/1998 180
600125981 ZIEGLER,EDNA 556202 $1,148.91 2 02/01/1998 180
600125982 BROCK,D-ANN 556318 $1,166.68 02/01/1998 180
600125996 POSCHMANN,KJELD 556494 $1,443.57 02/01/1998 180
600126002 MARTINEZ,ALEX 556582 $766.15 02/01/1998 180
600126011 POTVIN,JOHN,JUDITH 556632 $996.35 02/01/1998 180
600126013 MARKARIAN/GEOZA,MISAK/VAR 556652 $1,276.12 02/01/1998 180
600126015 COLLINS,CAROLINE 556673 $1,232.62 02/01/1998 180
600126016 LAFRANCE,CAROLYN 556674 $985.36 2 02/01/1998 180
600126021 WATKINS,ROBERT 556744 $968.22 02/01/1998 180
600126032 SALAMIAN,MEHDI,LOURDES 556819 $1,497.46 2 02/01/1998 180
600126039 BUTLER,STEVEN 556880 $1,489.54 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125963 WONG,ANGELA $192,600.00 N
600125964 EVANS,V. DENEE $250,000.00 N
600125976 NIKNIA,BAHRAM $72,000.00 N
600125981 ZIEGLER,EDNA $152,200.00 N
600125982 BROCK,D-ANN $210,000.00 N
600125996 POSCHMANN,KJELD $528,000.00 N
600126002 MARTINEZ,ALEX $126,000.00 N
600126011 POTVIN,JOHN,JUDITH $183,000.00 N
600126013 MARKARIAN/GEOZA,MISAK/VAR $220,000.00 N
600126015 COLLINS,CAROLINE $360,000.00 N
600126016 LAFRANCE,CAROLYN $134,900.00 N
600126021 WATKINS,ROBERT $163,000.00 N
600126032 SALAMIAN,MEHDI,LOURDES $205,000.00 N
600126039 BUTLER,STEVEN $290,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 30
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126044 REIMERS,ARTHUR,PAULA 317 MCKINNEY RUBICON SPRI HOMEWOOD CA 96141 $210,130.76
600126048 WANNAMAKER,BRIAN 3105,07,09 NE 7TH AVENUE PORTLAND OR 97272 $168,448.94
600126055 VERTH,MARY H 42 STREETER ROAD PAXTON MA 01612 $118,266.76
600126057 ROLLO,THOMAS, TINA 26376 W PLATA LANE CALABASAS CA 91302 $102,235.27
600126065 HOOK,DON, ILEEN 1642 EL CAPITAN DRIVE REDDING CA 96001 $127,340.94
600126084 DAVALOS,ANITA 616 ROBERT AVENUE OXNARD CA 93030 $147,820.05
600126088 CELINO,HOVENO 3085 SAN JOSE AVENUE SAN FRANCISCO CA 94112 $142,987.80
600126090 KASPARIAN,SERAN 22100 BURBANK BLVD. LOS ANGELES (WO CA 91367 $46,712.14
600126092 FOSTER,WILLIAM 31669 HIPSHOT DRIVE CASTAIC CA 91384 $104,807.82
600126095 NAIR,MOHAN 808 S. VAN NESS AVENUE SAN FRANCISCO CA 94110 $159,691.80
600126111 CAJILIG,CARLOS/ZENAIDA 559 GRAND AVENUE AND 560 SOUTH SAN FRANC CA 94080 $223,754.38
600126137 KAPETANIOS,PETROS,TASIA 3636 LOUISIANA STREET SAN DIEGO CA 92104 $161,003.99
600126139 LANGE,THERESA 813 WINDCREST DRIVE CARLSBAD CA 92009 $154,556.96
600126143 SHORT,DANIELLE,ROBERT 9065 THREE SEASONS ROAD SAN DIEGO CA 92126 $117,845.10
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126044 REIMERS,ARTHUR,PAULA 8.250 .250 8.000 .0400 7.960 11/01/2012
600126048 WANNAMAKER,BRIAN 8.625 .250 8.375 .0400 8.335 11/01/2012
600126055 VERTH,MARY H 8.875 .250 8.625 .0400 8.585 12/01/2012
600126057 ROLLO,THOMAS, TINA 9.125 .250 8.875 .0400 8.835 11/01/2012
600126065 HOOK,DON, ILEEN 8.375 .250 8.125 .0400 8.085 12/01/2012
600126084 DAVALOS,ANITA 8.500 .250 8.250 .0400 8.210 12/01/2012
600126088 CELINO,HOVENO 8.500 .250 8.250 .0400 8.210 11/01/2012
600126090 KASPARIAN,SERAN 8.375 .250 8.125 .0400 8.085 11/01/2012
600126092 FOSTER,WILLIAM 8.500 .250 8.250 .0400 8.210 11/01/2012
600126095 NAIR,MOHAN 8.250 .250 8.000 .0400 7.960 11/01/2012
600126111 CAJILIG,CARLOS/ZENAIDA 9.000 .250 8.750 .0400 8.710 12/01/2012
600126137 KAPETANIOS,PETROS,TASIA 8.500 .250 8.250 .0400 8.210 12/01/2012
600126139 LANGE,THERESA 8.375 .250 8.125 .0400 8.085 12/01/2012
600126143 SHORT,DANIELLE,ROBERT 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126044 REIMERS,ARTHUR,PAULA 556967 $1,580.66 02/01/1998 180
600126048 WANNAMAKER,BRIAN 557009 $1,312.52 02/01/1998 180
600126055 VERTH,MARY H 557088 $942.04 02/01/1998 180
600126057 ROLLO,THOMAS, TINA 557098 $833.16 02/01/1998 180
600126065 HOOK,DON, ILEEN 557172 $969.09 02/01/1998 180
600126084 DAVALOS,ANITA 557618 $1,137.99 02/01/1998 180
600126088 CELINO,HOVENO 557692 $1,101.47 02/01/1998 180
600126090 KASPARIAN,SERAN 557701 $355.71 02/01/1998 180
600126092 FOSTER,WILLIAM 557709 $807.36 02/01/1998 180
600126095 NAIR,MOHAN 557730 $1,202.03 02/01/1998 180
600126111 CAJILIG,CARLOS/ZENAIDA 557825 $1,802.35 02/01/1998 180
600126137 KAPETANIOS,PETROS,TASIA 557920 $1,239.49 02/01/1998 180
600126139 LANGE,THERESA 557942 $1,176.21 2 02/01/1998 180
600126143 SHORT,DANIELLE,ROBERT 557964 $876.15 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126044 REIMERS,ARTHUR,PAULA $263,000.00 N
600126048 WANNAMAKER,BRIAN $225,000.00 N
600126055 VERTH,MARY H $148,000.00 N
600126057 ROLLO,THOMAS, TINA $128,000.00 N
600126065 HOOK,DON, ILEEN $150,000.00 N
600126084 DAVALOS,ANITA $185,000.00 N
600126088 CELINO,HOVENO $191,000.00 N
600126090 KASPARIAN,SERAN $58,500.00 N
600126092 FOSTER,WILLIAM $156,716.00 N
600126095 NAIR,MOHAN $200,000.00 N
600126111 CAJILIG,CARLOS/ZENAIDA $280,000.00 N
600126137 KAPETANIOS,PETROS,TASIA $215,000.00 N
600126139 LANGE,THERESA $162,900.00 N
600126143 SHORT,DANIELLE,ROBERT $147,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 31
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126144 MURPHY,DENNIS 592 HERMES AVENUE ENCINITAS CA 92024 $217,706.47
600126145 RODRIGUES/RODRI,JOAO,CACI 3375-3381 MISSION BOULEVA SAN DIEGO CA 92109 $153,983.78
600126151 PAULSEN,DANIEL 2651 CACTUS HILL DRIVE LAS VEGAS NV 89115 $111,788.29
600126156 WILCOX,HOWARD 8017 SHADY GLEN AVENUE LAS VEGAS NV 89131 $111,257.45
600126159 GILL,MICHAEL,VIRGINI 2853-59 BROADWAY SAN DIEGO CA 92102 $143,738.06
600126161 WEIKEL,BRENDA 11233 TIERRASANTA BOULEVA SAN DIEGO CA 92124 $86,943.09
600126162 JONES,JEFFREY 41164 PENNSYLVANIA AVENUE BIG BEAR LAKE CA 92315 $67,415.79
600126174 BERG,DAVID 7780 PARKWAY DRIVE LA MESA CA 91942 $89,939.61
600126175 ANICHOWSKI,DAVID,SOPHIN 3468 FAIRVIEW DRIVE VISTA CA 92084 $218,360.67
600126178 PAZMANY-BYRO,MARGARITA 5080 LONG BRANCH AVENUE SAN DIEGO CA 92107 $120,169.32
600126182 HOOD,BETTINA 2352 ALTISMA WAY #21 CARLSBAD CA 92009 $61,029.44
600126184 PFEFFERKORN,JASON 1825 LA POSTA ROAD CAMPO CA 91906 $163,600.84
600126189 JARAMILLO,JORGE,JUDITH 645 PERSIMMON WAY OCEANSIDE CA 92054 $55,978.28
600126196 RIPPE,DAVID 8292 MANIFESTO CIRCLE HUNTINGTON BEAC CA 92646 $168,889.06
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126144 MURPHY,DENNIS 8.000 .250 7.750 .0400 7.710 12/01/2012
600126145 RODRIGUES/RODRI,JOAO,CACI 8.625 .250 8.375 .0400 8.335 12/01/2012
600126151 PAULSEN,DANIEL 8.500 .250 8.250 .0400 8.210 12/01/2012
600126156 WILCOX,HOWARD 8.250 .250 8.000 .0400 7.960 12/01/2012
600126159 GILL,MICHAEL,VIRGINI 8.875 .250 8.625 .0400 8.585 12/01/2012
600126161 WEIKEL,BRENDA 8.125 .250 7.875 .0400 7.835 01/01/2013
600126162 JONES,JEFFREY 8.375 .250 8.125 .0400 8.085 12/01/2012
600126174 BERG,DAVID 8.000 .250 7.750 .0400 7.710 01/01/2013
600126175 ANICHOWSKI,DAVID,SOPHIN 8.250 .250 8.000 .0400 7.960 01/01/2013
600126178 PAZMANY-BYRO,MARGARITA 8.000 .250 7.750 .0400 7.710 01/01/2013
600126182 HOOD,BETTINA 8.750 .250 8.500 .0400 8.460 12/01/2012
600126184 PFEFFERKORN,JASON 8.500 .250 8.250 .0400 8.210 12/01/2012
600126189 JARAMILLO,JORGE,JUDITH 8.250 .250 8.000 .0400 7.960 12/01/2012
600126196 RIPPE,DAVID 8.375 .250 8.125 .0400 8.085 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126144 MURPHY,DENNIS 557966 $1,599.61 02/01/1998 180
600126145 RODRIGUES/RODRI,JOAO,CACI 557974 $1,230.46 02/01/1998 180
600126151 PAULSEN,DANIEL 558075 $861.18 02/01/1998 180
600126156 WILCOX,HOWARD 558158 $836.91 2 02/01/1998 180
600126159 GILL,MICHAEL,VIRGINI 558163 $1,144.93 02/01/1998 180
600126161 WEIKEL,BRENDA 558194 $645.97 02/01/1998 180
600126162 JONES,JEFFREY 558199 $513.05 02/01/1998 180
600126174 BERG,DAVID 558261 $660.39 02/01/1998 180
600126175 ANICHOWSKI,DAVID,SOPHIN 558264 $1,641.52 2 02/01/1998 180
600126178 PAZMANY-BYRO,MARGARITA 558271 $882.35 02/01/1998 180
600126182 HOOD,BETTINA 558324 $480.67 02/01/1998 180
600126184 PFEFFERKORN,JASON 558348 $1,259.48 02/01/1998 180
600126189 JARAMILLO,JORGE,JUDITH 558371 $421.08 2 02/01/1998 180
600126196 RIPPE,DAVID 558414 $1,285.28 2 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126144 MURPHY,DENNIS $290,000.00 N
600126145 RODRIGUES/RODRI,JOAO,CACI $226,000.00 N
600126151 PAULSEN,DANIEL $140,000.00 N
600126156 WILCOX,HOWARD $117,265.00 N
600126159 GILL,MICHAEL,VIRGINI $179,900.00 N
600126161 WEIKEL,BRENDA $115,000.00 N
600126162 JONES,JEFFREY $90,000.00 N
600126174 BERG,DAVID $120,000.00 N
600126175 ANICHOWSKI,DAVID,SOPHIN $230,000.00 N
600126178 PAZMANY-BYRO,MARGARITA $185,000.00 N
600126182 HOOD,BETTINA $79,000.00 N
600126184 PFEFFERKORN,JASON $234,000.00 N
600126189 JARAMILLO,JORGE,JUDITH $59,000.00 N
600126196 RIPPE,DAVID $178,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 32
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126198 MADAYAG,HERMINIA 3252 ARIBA STREET LAS VEGAS NV 89129 $69,955.36
600126200 GOLDSTEIN,ADA 361-363 1/2 NORTH STANLEY LOS ANGELES CA 90036 $189,872.52
600126201 DANIELS,TINA 1024 COSMO AVENUE EL CAJON CA 92019 $49,968.92
600126203 CARTER,THOMAS,JUDITH 480 WEST LAUREL STREET SAN DIEGO CA 92101 $191,883.69
600126231 IANNICIELLO,LAUREN 508 MEADOW LANE BIG BEAR AREA CA 92314 $42,661.72
600126233 CARR,EDDIE 9208 SPRUCE MOUNTAIN WAY LAS VEGAS NV 89134 $151,910.26
600126240 MIHANDOUST,MOHAMMAD 42571 CEDAR AVENUE BIG BEAR LAKE CA 92315 $44,972.74
600126246 HARKINS,FRANCIS,MARILYN 3939 EAGLE STREET #208 SAN DIEGO CA 92103 $88,040.88
600126247 HERNANDEZ,IRENE 12142 PLUTO DRIVE VICTORVILLE CA 92392 $33,779.53
600126248 FRICK,WILLIAM,CATHERI 17764 CORTE SOBRADO SAN DIEGO CA 92128 $168,700.34
600126272 ODETTO,JOSEPH,DEBRA 133 NOTTINGHAM WAY WINDSOR CA 95492 $199,884.93
600126273 PEARCE,WALTER 45 HARBOR OAK DRIVE #14 TIBURON CA 94920 $220,662.76
600126275 NGUYEN,RANDY 438 HARRIS ROAD HAYWARD CA 94544 $171,022.98
600126276 BELDNER/CLARK,RAYMOND/CAT 4106 FOLSOM STREET SAN FRANCISCO CA 94110 $191,886.64
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126198 MADAYAG,HERMINIA 8.250 .250 8.000 .0400 7.960 01/01/2013
600126200 GOLDSTEIN,ADA 8.000 .250 7.750 .0400 7.710 01/01/2013
600126201 DANIELS,TINA 8.375 .250 8.125 .0400 8.085 01/01/2013
600126203 CARTER,THOMAS,JUDITH 8.500 .250 8.250 .0400 8.210 01/01/2013
600126231 IANNICIELLO,LAUREN 8.750 .250 8.500 .0400 8.460 01/01/2013
600126233 CARR,EDDIE 8.625 .250 8.375 .0400 8.335 01/01/2013
600126240 MIHANDOUST,MOHAMMAD 8.500 .250 8.250 .0400 8.210 01/01/2013
600126246 HARKINS,FRANCIS,MARILYN 8.000 .250 7.750 .0400 7.710 01/01/2013
600126247 HERNANDEZ,IRENE 8.500 .250 8.250 .0400 8.210 01/01/2013
600126248 FRICK,WILLIAM,CATHERI 8.625 .250 8.375 .0400 8.335 01/01/2013
600126272 ODETTO,JOSEPH,DEBRA 8.750 .250 8.500 .0400 8.460 01/01/2013
600126273 PEARCE,WALTER 8.375 .250 8.125 .0400 8.085 01/01/2013
600126275 NGUYEN,RANDY 7.500 .250 7.250 .0400 7.210 01/01/2013
600126276 BELDNER/CLARK,RAYMOND/CAT 8.625 .250 8.375 .0400 8.335 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126198 MADAYAG,HERMINIA 558442 $525.89 02/01/1998 180
600126200 GOLDSTEIN,ADA 558460 $1,394.15 02/01/1998 180
600126201 DANIELS,TINA 558462 $380.04 02/01/1998 180
600126203 CARTER,THOMAS,JUDITH 558498 $1,476.31 02/01/1998 180
600126231 IANNICIELLO,LAUREN 558625 $336.31 02/01/1998 180
600126233 CARR,EDDIE 558651 $1,182.24 2 02/01/1998 180
600126240 MIHANDOUST,MOHAMMAD 558699 $346.01 02/01/1998 180
600126246 HARKINS,FRANCIS,MARILYN 558794 $646.45 02/01/1998 180
600126247 HERNANDEZ,IRENE 558797 $259.89 02/01/1998 180
600126248 FRICK,WILLIAM,CATHERI 558801 $1,312.91 02/01/1998 180
600126272 ODETTO,JOSEPH,DEBRA 559322 $1,573.40 02/01/1998 180
600126273 PEARCE,WALTER 559377 $1,678.24 02/01/1998 180
600126275 NGUYEN,RANDY 559391 $1,196.71 02/01/1998 180
600126276 BELDNER/CLARK,RAYMOND/CAT 559411 $1,493.36 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126198 MADAYAG,HERMINIA $128,000.00 N
600126200 GOLDSTEIN,ADA $355,000.00 N
600126201 DANIELS,TINA $117,000.00 N
600126203 CARTER,THOMAS,JUDITH $240,000.00 N
600126231 IANNICIELLO,LAUREN $57,000.00 N
600126233 CARR,EDDIE $177,000.00 N
600126240 MIHANDOUST,MOHAMMAD $65,000.00 N
600126246 HARKINS,FRANCIS,MARILYN $117,500.00 N
600126247 HERNANDEZ,IRENE $42,250.00 N
600126248 FRICK,WILLIAM,CATHERI $211,000.00 N
600126272 ODETTO,JOSEPH,DEBRA $250,000.00 N
600126273 PEARCE,WALTER $276,000.00 N
600126275 NGUYEN,RANDY $244,500.00 N
600126276 BELDNER/CLARK,RAYMOND/CAT $240,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 33
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126322 JAVID,SAIED 24892 VIA KRISTINA LAGUNA NIGUEL CA 92677 $153,649.43
600126325 KANAN,DEBRA 1517 HARVARD STREET SANTA MONICA CA 90404 $99,929.42
600126354 BRENNER,CHRISTOPHER 3239 LAUREL CANYON BOULEV LOS ANGELES CA 91604 $195,871.79
600126368 PAXTON,ERIC,KATHRYN 24 BALLANTREE RANCHO SANTA CA 92688 $168,627.87
600126376 SIMICH,ANTHONY 9 CREEK VIEW ROAD COTO DE CAZA CA 92679 $219,844.72
600126384 WATKINS,LISA V. 15425 133RD AVENUE NORTHE ARLINGTON WA 98223 $194,632.02
600126393 ROUNDS,ED, TRUDI 14023 126TH AVENUE EAST PUYALLUP WA 98374 $136,917.01
600126397 BLAIR,JOHATHAN,ANNE 2890 EAST BADGER ROAD EVERSON WA 98247 $75,454.26
600126405 CLAGGETT,DAVID,CINDY 744 SOUTH 222ND STREET DES MOINES WA 98198 $220,862.64
600126412 FISCHLER,EVELYN E. 1714 144TH AVENUE SOUTHEA BELLEVUE WA 98007 $133,910.09
600126414 PEMBROKE/ JONES,JANE/ STE 13749 20TH AVENUE NORTHEA SEATTLE WA 98125 $115,929.73
600126421 MILLER,MELVIN, WANDA 3679 225TH PLACE SOUTHEAS ISSAQUAH WA 98029 $147,505.88
600126434 HALL,RONALD,KAREN 26 SAW MILL COURT MOUNTAIN VIEW CA 94043 $223,461.02
600126439 MORRISON,JAMES,ELLEN 14892 BEAR CREEK ROAD BOULDER CREEK CA 95006 $149,896.78
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126322 JAVID,SAIED 8.125 .250 7.875 .0400 7.835 01/01/2013
600126325 KANAN,DEBRA 7.750 .250 7.500 .0400 7.460 01/01/2013
600126354 BRENNER,CHRISTOPHER 8.125 .250 7.875 .0400 7.835 01/01/2013
600126368 PAXTON,ERIC,KATHRYN 7.625 .250 7.375 .0400 7.335 01/01/2013
600126376 SIMICH,ANTHONY 7.750 .250 7.500 .0400 7.460 01/01/2013
600126384 WATKINS,LISA V. 8.500 .250 8.250 .0400 8.210 01/01/2013
600126393 ROUNDS,ED, TRUDI 8.500 .250 8.250 .0400 8.210 01/01/2013
600126397 BLAIR,JOHATHAN,ANNE 8.500 .250 8.250 .0400 8.210 01/01/2013
600126405 CLAGGETT,DAVID,CINDY 8.375 .250 8.125 .0400 8.085 01/01/2013
600126412 FISCHLER,EVELYN E. 8.000 .250 7.750 .0400 7.710 01/01/2013
600126414 PEMBROKE/ JONES,JANE/ STE 8.500 .250 8.250 .0400 8.210 01/01/2013
600126421 MILLER,MELVIN, WANDA 8.250 .250 8.000 .0400 7.960 01/01/2013
600126434 HALL,RONALD,KAREN 8.375 .250 8.125 .0400 8.085 01/01/2013
600126439 MORRISON,JAMES,ELLEN 7.875 .250 7.625 .0400 7.585 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126322 JAVID,SAIED 559995 $1,141.59 02/01/1998 180
600126325 KANAN,DEBRA 560031 $716.41 02/01/1998 180
600126354 BRENNER,CHRISTOPHER 560367 $1,455.29 02/01/1998 180
600126368 PAXTON,ERIC,KATHRYN 560517 $1,194.40 02/01/1998 180
600126376 SIMICH,ANTHONY 560860 $1,576.11 02/01/1998 180
600126384 WATKINS,LISA V. 560906 $1,497.46 2 02/01/1998 180
600126393 ROUNDS,ED, TRUDI 560957 $1,053.41 02/01/1998 180
600126397 BLAIR,JOHATHAN,ANNE 560985 $580.53 02/01/1998 180
600126405 CLAGGETT,DAVID,CINDY 561040 $1,679.76 02/01/1998 180
600126412 FISCHLER,EVELYN E. 561105 $983.24 02/01/1998 180
600126414 PEMBROKE/ JONES,JANE/ STE 561125 $891.94 02/01/1998 180
600126421 MILLER,MELVIN, WANDA 561237 $1,108.87 02/01/1998 180
600126434 HALL,RONALD,KAREN 563071 $1,699.52 02/01/1998 180
600126439 MORRISON,JAMES,ELLEN 563126 $1,087.60 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126322 JAVID,SAIED $205,000.00 N
600126325 KANAN,DEBRA $125,000.00 N
600126354 BRENNER,CHRISTOPHER $245,000.00 N
600126368 PAXTON,ERIC,KATHRYN $210,990.00 N
600126376 SIMICH,ANTHONY $275,000.00 N
600126384 WATKINS,LISA V. $205,000.00 N
600126393 ROUNDS,ED, TRUDI $162,000.00 N
600126397 BLAIR,JOHATHAN,ANNE $105,000.00 N
600126405 CLAGGETT,DAVID,CINDY $260,000.00 N
600126412 FISCHLER,EVELYN E. $167,500.00 N
600126414 PEMBROKE/ JONES,JANE/ STE $145,000.00 N
600126421 MILLER,MELVIN, WANDA $184,500.00 N
600126434 HALL,RONALD,KAREN $279,500.00 N
600126439 MORRISON,JAMES,ELLEN $300,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 34
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126447 LEE,KYU,YUN 13555 ROSE DRIVE SAN LEANDRO CA 94578 $147,905.63
600126464 CLARK,RUSSELL 7786 CALLE MEJOR CARLSBAD CA 92009 $196,664.56
600126470 CLOSSON,DAVID 40214 NARROW LANE BIG BEAR LAKE CA 92315 $85,548.14
600126477 HUSLI,ERIC,ERIN 15 AZALEA ALISO VIEJO ARE CA 92656 $187,277.41
600126479 MESSENGER,TODD,ANGELA 4608 MONONGAHELA STREET SAN DIEGO CA 92117 $150,299.09
600126490 JONES,ALBERT 3523 BACK COUNTRY DRIVE NORTH LAS VEGAS NV 89031 $111,434.17
600126496 THOMPSON,WILLIAM,CYNTHIA 535 VALLEY DRIVE VISTA AREA CA 92084 $195,868.49
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126447 LEE,KYU,YUN 8.250 .250 8.000 .0400 7.960 01/01/2013
600126464 CLARK,RUSSELL 7.875 .250 7.625 .0400 7.585 01/01/2013
600126470 CLOSSON,DAVID 8.500 .250 8.250 .0400 8.210 01/01/2013
600126477 HUSLI,ERIC,ERIN 8.125 .250 7.875 .0400 7.835 01/01/2013
600126479 MESSENGER,TODD,ANGELA 8.000 .250 7.750 .0400 7.710 01/01/2013
600126490 JONES,ALBERT 8.625 .250 8.375 .0400 8.335 01/01/2013
600126496 THOMPSON,WILLIAM,CYNTHIA 8.000 .250 7.750 .0400 7.710 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126447 LEE,KYU,YUN 563323 $1,111.87 02/01/1998 180
600126464 CLARK,RUSSELL 566026 $1,426.94 02/01/1998 180
600126470 CLOSSON,DAVID 566107 $658.19 02/01/1998 180
600126477 HUSLI,ERIC,ERIN 566210 $1,391.44 02/01/1998 180
600126479 MESSENGER,TODD,ANGELA 566297 $1,103.58 02/01/1998 180
600126490 JONES,ALBERT 566864 $867.24 2 02/01/1998 180
600126496 THOMPSON,WILLIAM,CYNTHIA 566896 $1,438.18 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126447 LEE,KYU,YUN $185,000.00 N
600126464 CLARK,RUSSELL $262,411.00 N
600126470 CLOSSON,DAVID $107,000.00 N
600126477 HUSLI,ERIC,ERIN $234,265.00 N
600126479 MESSENGER,TODD,ANGELA $188,000.00 N
600126490 JONES,ALBERT $124,000.00 N
600126496 THOMPSON,WILLIAM,CYNTHIA $245,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 35
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:23:04 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1417 POOL NAME: 1998-2 Group 2
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
LOAN # OF CURRENT PROPERTY ORIG LOAN
COUNT BUYDOWN BALANCE VALUE AMOUNT P & I
----- ------- ------- --------- --------- -----
<S> <C> <C> <C> <C> <C> <C>
** POOL
** TOTAL 469 0 61,129,201.96 82,106,856.00 61,266,518.00 474,419.85
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 1
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500054882 TORIELLI,ROBERT 345 NEW DOVER ROAD WOODBRIDGE TOWN NJ 07067 $188,318.10
500055676 ALABARCA,NESTOR C& BIEN D N1808 LORAMOOR LANE LAKE GENEVA WI 53147 $185,472.61
500062700 SCHWARTZ,LEON I 2720 MONTE MAR TERRACE LOS ANGELES CA 90064 $366,960.48
500062810 BERRY,DAVID 1 PINE RIDGE LN COLD SPRING KY 41076 $217,237.82
500063113 SAROKI,VICTOR 323 BALDWIN BIRMINGHAM MI 48009 $431,180.39
500063174 AUSTIN,RANDALL S 1621 GRANVIA ALTAMIRA PALOS VERDES ES CA 90274 $424,752.19
500063240 LATIMER,DOUGLAS F III 3410 GARDEN GATE WAY HOUSTON TX 77059 $239,712.09
500063339 ANDREWS,CHRISTINE 378 SOUTH AVE NEW CANAAN CT 06840 $301,859.85
500063345 CONNORS,R KEVIN 47 SHIELDS ROAD DARIEN CT 06820 $576,041.07
500063347 JEMIO,HUMBERTO 6801 CHURCHILL ROAD MCLEAN VA 22101 $245,795.14
500063348 ARDIRE,ANTHONY J 748 PINE TREE ROAD HUMMELSTOWN PA 17036 $335,433.71
500063378 SALE,RICHARD T IV 6626 VALLEY DRIVE BRENTWOOD TN 37027 $303,183.19
500063387 ALU,CHERYL 1589 MARMONT AVENUE LOS ANGELES CA 90069 $432,440.80
500063388 NGUYEN,NELSON & JULIE J 136 DORADO TERRACE SAN FRANCISCO CA 94112 $281,506.13
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500054882 TORIELLI,ROBERT 7.250 .150 7.100 .1000 7.000 10/01/2005
500055676 ALABARCA,NESTOR C& BIEN D 6.750 .250 6.500 .0500 6.450 11/01/2006
500062700 SCHWARTZ,LEON I 7.625 .250 7.375 .0500 7.325 11/01/2011
500062810 BERRY,DAVID 8.000 .250 7.750 .0500 7.700 11/01/2011
500063113 SAROKI,VICTOR 8.125 .250 7.875 .0500 7.825 12/01/2011
500063174 AUSTIN,RANDALL S 7.375 .150 7.225 .1000 7.125 01/01/2012
500063240 LATIMER,DOUGLAS F III 7.500 .150 7.350 .1000 7.250 01/01/2012
500063339 ANDREWS,CHRISTINE 7.500 .150 7.350 .1000 7.250 01/01/2012
500063345 CONNORS,R KEVIN 7.750 .150 7.600 .1000 7.500 01/01/2012
500063347 JEMIO,HUMBERTO 7.000 .150 6.850 .1000 6.750 01/01/2012
500063348 ARDIRE,ANTHONY J 7.250 .150 7.100 .1000 7.000 01/01/2012
500063378 SALE,RICHARD T IV 7.500 .150 7.350 .1000 7.250 02/01/2012
500063387 ALU,CHERYL 8.125 .250 7.875 .0500 7.825 11/01/2011
500063388 NGUYEN,NELSON & JULIE J 7.375 .250 7.125 .0500 7.075 01/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500054882 TORIELLI,ROBERT 090219037 $2,687.73 02/01/1998 144
500055676 ALABARCA,NESTOR C& BIEN D 2615116401 $2,343.94 02/01/1998 156
500062700 SCHWARTZ,LEON I 092407333 $3,596.40 02/01/1998 180
500062810 BERRY,DAVID 8347235 $2,178.89 02/01/1998 180
500063113 SAROKI,VICTOR 092407770 $4,332.97 02/01/1998 180
500063174 AUSTIN,RANDALL S 092414306 $4,075.26 02/01/1998 180
500063240 LATIMER,DOUGLAS F III 092414931 $2,316.60 02/01/1998 180
500063339 ANDREWS,CHRISTINE 092408924 $2,966.44 02/01/1998 180
500063345 CONNORS,R KEVIN 092415379 $5,647.65 02/01/1998 180
500063347 JEMIO,HUMBERTO 092415728 $2,307.29 02/01/1998 180
500063348 ARDIRE,ANTHONY J 092415996 $3,195.02 02/01/1998 180
500063378 SALE,RICHARD T IV 092413492 $2,920.09 02/01/1998 180
500063387 ALU,CHERYL 4019022 $4,359.94 02/01/1998 180
500063388 NGUYEN,NELSON & JULIE J 4090619 $2,700.90 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500054882 TORIELLI,ROBERT .00 .00 .00 .000 .150 .250 $620,000.00 N
500055676 ALABARCA,NESTOR C& BIEN D $503,000.00 N
500062700 SCHWARTZ,LEON I .00 .00 .00 .000 .250 .300 $1,150,000.00 N
500062810 BERRY,DAVID .00 .00 .00 .000 .250 .300 $285,000.00 N
500063113 SAROKI,VICTOR .00 .00 .00 .000 .250 .300 $780,000.00 N
500063174 AUSTIN,RANDALL S .00 .00 .00 .000 .150 .250 $810,000.00 N
500063240 LATIMER,DOUGLAS F III .00 .00 .00 .000 .150 .250 $449,900.00 N
500063339 ANDREWS,CHRISTINE .00 .00 .00 .000 .150 .250 $400,000.00 N
500063345 CONNORS,R KEVIN .00 .00 .00 .000 .150 .250 $1,050,000.00 N
500063347 JEMIO,HUMBERTO .00 .00 .00 .000 .150 .250 $375,000.00 N
500063348 ARDIRE,ANTHONY J .00 .00 .00 .000 .150 .250 $549,000.00 N
500063378 SALE,RICHARD T IV .00 .00 .00 .000 .150 .250 $420,000.00 N
500063387 ALU,CHERYL .00 .00 .00 .000 .250 .300 $566,000.00 N
500063388 NGUYEN,NELSON & JULIE J .00 .00 .00 .000 .250 .300 $367,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 2
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500063389 OWENS,WILLIAM A & MONIKA 1355 CAMINITO BATEA SAN DIEGO CA 92037 $603,665.84
500063390 SCOTT,DWAYNE H & PHYLLIS 7942 ERB WAY TRACY CA 95207 $270,455.39
500063448 ZIERENBERG,ROGER H JR & K 6001 GRIMES CANYON ROAD MOORPARK CA 93021 $335,055.06
500063449 DUDASH,GEORGE M 9884 OAT HILL ROAD ESCONDIDO CA 92026 $249,895.94
500063451 SHARIF,KELLY MCCREARY- & 2706 DEBBIE COURT SAN CARLOS CA 94070 $401,675.23
500063452 CHEN,MING & CHRISTINA 1815 ALAWEO STREET HONOLULU HI 96821 $610,101.23
500063454 MAXWELL,JAMES HARVEY III 25687 DEER TRAIL PLACE HAYWARD CA 94541 $224,361.08
500063486 GITOMER,ROBERT A & DEBORA 8525 BURKHART ROAD HOUSTON TX 77055 $262,944.53
500063687 BEGLEY,CHRISTOPHER B 4 WARWICK CIRCLE ANDOVER MA 01810 $330,688.13
500063691 HOTTOWE,J DANIEL 24536 ALTA LOMA COURT LAGUNA HILLS CA 92653 $257,035.43
500063693 ANDERSON,MARK F 200-202 FAIR OAKS STREET SAN FRANCISCO CA 94110 $462,548.31
500063780 BAZOS,ANDREW N 188 NORTHROP STREET BRIDGEWATER CT 06752 $384,360.83
500063785 JOHNSTONE,GEORGE W 10602 BEACH AVENUE TOWNSHIP OF LON NJ 08008 $288,510.10
500063839 QUINTON,BILLY D JR 1318 HIDDEN BROOK LANE ACWORTH GA 30101 $230,227.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500063389 OWENS,WILLIAM A & MONIKA 7.375 .250 7.125 .0500 7.075 01/01/2012
500063390 SCOTT,DWAYNE H & PHYLLIS 7.250 .250 7.000 .0500 6.950 01/01/2012
500063448 ZIERENBERG,ROGER H JR & K 7.875 .250 7.625 .0500 7.575 12/01/2011
500063449 DUDASH,GEORGE M 7.125 .250 6.875 .0500 6.825 01/01/2012
500063451 SHARIF,KELLY MCCREARY- & 7.875 .250 7.625 .0500 7.575 11/01/2011
500063452 CHEN,MING & CHRISTINA 7.750 .250 7.500 .0500 7.450 11/01/2011
500063454 MAXWELL,JAMES HARVEY III 7.375 .250 7.125 .0500 7.075 01/01/2012
500063486 GITOMER,ROBERT A & DEBORA 7.625 .250 7.375 .0500 7.325 01/01/2012
500063687 BEGLEY,CHRISTOPHER B 7.125 .150 6.975 .1000 6.875 02/01/2012
500063691 HOTTOWE,J DANIEL 7.875 .250 7.625 .0500 7.575 01/01/2012
500063693 ANDERSON,MARK F 7.875 .150 7.725 .1000 7.625 02/01/2012
500063780 BAZOS,ANDREW N 7.000 .150 6.850 .1000 6.750 02/01/2012
500063785 JOHNSTONE,GEORGE W 7.250 .150 7.100 .1000 7.000 02/01/2012
500063839 QUINTON,BILLY D JR 7.500 .150 7.350 .1000 7.250 03/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500063389 OWENS,WILLIAM A & MONIKA 4071742 $5,791.84 02/01/1998 180
500063390 SCOTT,DWAYNE H & PHYLLIS 4094686 $2,576.10 02/01/1998 180
500063448 ZIERENBERG,ROGER H JR & K 4053823 $3,319.58 02/01/1998 180
500063449 DUDASH,GEORGE M 4076782 $2,375.55 02/01/1998 180
500063451 SHARIF,KELLY MCCREARY- & 4030961 $3,992.98 02/01/1998 180
500063452 CHEN,MING & CHRISTINA 4013603 $6,024.17 02/01/1998 180
500063454 MAXWELL,JAMES HARVEY III 4076253 $2,152.63 02/01/1998 180
500063486 GITOMER,ROBERT A & DEBORA 4091062 $2,559.52 02/01/1998 180
500063687 BEGLEY,CHRISTOPHER B 092414298 $3,116.06 02/01/1998 180
500063691 HOTTOWE,J DANIEL 092416036 $2,549.43 02/01/1998 180
500063693 ANDERSON,MARK F 092417031 $4,552.56 02/01/1998 180
500063780 BAZOS,ANDREW N 092411107 $3,595.31 02/01/1998 180
500063785 JOHNSTONE,GEORGE W 092417851 $2,738.59 02/01/1998 180
500063839 QUINTON,BILLY D JR 092416510 $2,210.00 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500063389 OWENS,WILLIAM A & MONIKA .00 .00 .00 .000 .250 .300 $787,000.00 N
500063390 SCOTT,DWAYNE H & PHYLLIS .00 .00 .00 .000 .250 .300 $415,000.00 N
500063448 ZIERENBERG,ROGER H JR & K .00 .00 .00 .000 .250 .300 $900,000.00 N
500063449 DUDASH,GEORGE M .00 .00 .00 .000 .250 .300 $350,000.00 N
500063451 SHARIF,KELLY MCCREARY- & .00 .00 .00 .000 .250 .300 $590,000.00 N
500063452 CHEN,MING & CHRISTINA .00 .00 .00 .000 .250 .300 $815,000.00 N
500063454 MAXWELL,JAMES HARVEY III .00 .00 .00 .000 .250 .300 $300,000.00 N
500063486 GITOMER,ROBERT A & DEBORA .00 .00 .00 .000 .250 .300 $420,000.00 N
500063687 BEGLEY,CHRISTOPHER B .00 .00 .00 .000 .150 .250 $740,000.00 N
500063691 HOTTOWE,J DANIEL .00 .00 .00 .000 .250 .300 $340,000.00 N
500063693 ANDERSON,MARK F .00 .00 .00 .000 .150 .250 $605,000.00 N
500063780 BAZOS,ANDREW N .00 .00 .00 .000 .150 .250 $925,000.00 N
500063785 JOHNSTONE,GEORGE W .00 .00 .00 .000 .150 .250 $428,000.00 N
500063839 QUINTON,BILLY D JR .00 .00 .00 .000 .150 .250 $298,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 3
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500063840 GREEN,JOHN F 112 TOWN STREET WEST CORNWALL CT 06796 $241,430.19
500063842 BAKER,DAVID M 2 GREYSTONE FARM LANE WESTPORT CT 06880 $869,469.71
500063986 SWEENEY,TERRENCE P 331 MORRIS AVENUE MOUNTAIN LAKES NJ 07046 $299,373.41
500064004 MITCHELL,BRIAN A 3247 BRINTON TRAIL CINCINNATI OH 45241 $261,031.30
500064101 CONNOLLY,JANE E 2123 GRANADA BOULEVARD CORAL GABLES FL 33134 $393,320.65
500064127 HOFERT,DAVID K 863 COMMONWEALTH AVENUE NEWTON MA 02159 $339,290.80
500064131 POWERS,THOMAS A 1890 BURKE HOLLOW ROAD NOLENSVILLE TN 37135 $210,633.04
500064216 GIANNULLI,MOSSIMO G 42 SMITHCLIFFS ROAD LAGUNA BEACH CA 92651 $933,280.86
500064346 HOUGLAND,HOWARD E 1540 NELSON ROAD BOZEMAN MT 59718 $247,970.67
500064347 LEAHY,TERENCE M 27 MERIAM STREET LEXINGTON MA 02173 $483,803.61
500064396 TERLAU,TIMOTHY P 1132 O'BANNONVILLE ROAD LOVELAND OH 45140 $250,894.80
500064397 ARMESTO,DAVID M 3801 BENTLEY ROAD MECHANICSBURG PA 17055 $232,852.49
500064432 RIMPO,APRIL M 14032 HOWARD ROAD DAYTON MD 21036 $290,383.44
500064468 BLAU,MICHAEL L 15 WEBSTER LANE WAYLAND MA 01778 $387,043.74
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500063840 GREEN,JOHN F 7.500 .150 7.350 .1000 7.250 03/01/2012
500063842 BAKER,DAVID M 7.625 .150 7.475 .1000 7.375 03/01/2012
500063986 SWEENEY,TERRENCE P 7.500 .150 7.350 .1000 7.250 03/01/2012
500064004 MITCHELL,BRIAN A 7.875 .150 7.725 .1000 7.625 03/01/2012
500064101 CONNOLLY,JANE E 8.000 .250 7.750 .0500 7.700 02/01/2012
500064127 HOFERT,DAVID K 6.875 .150 6.725 .1000 6.625 03/01/2012
500064131 POWERS,THOMAS A 7.625 .150 7.475 .1000 7.375 03/01/2012
500064216 GIANNULLI,MOSSIMO G 8.000 .250 7.750 .0500 7.700 03/01/2012
500064346 HOUGLAND,HOWARD E 7.750 .150 7.600 .1000 7.500 04/01/2012
500064347 LEAHY,TERENCE M 7.000 .150 6.850 .1000 6.750 04/01/2012
500064396 TERLAU,TIMOTHY P 7.625 .150 7.475 .1000 7.375 04/01/2012
500064397 ARMESTO,DAVID M 8.000 .150 7.850 .1000 7.750 04/01/2012
500064432 RIMPO,APRIL M 7.125 .150 6.975 .1000 6.875 04/01/2012
500064468 BLAU,MICHAEL L 7.000 .150 6.850 .1000 6.750 04/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500063840 GREEN,JOHN F 092416974 $2,317.53 02/01/1998 180
500063842 BAKER,DAVID M 092418682 $8,407.17 02/01/1998 180
500063986 SWEENEY,TERRENCE P 092413973 $2,873.74 02/01/1998 180
500064004 MITCHELL,BRIAN A 092420077 $2,560.81 02/01/1998 180
500064101 CONNOLLY,JANE E 092418693 $3,899.07 02/01/1998 180
500064127 HOFERT,DAVID K 092420769 $3,139.33 02/01/1998 180
500064131 POWERS,THOMAS A 092422554 $2,161.40 02/01/1998 180
500064216 GIANNULLI,MOSSIMO G 092421364 $9,222.05 02/01/1998 180
500064346 HOUGLAND,HOWARD E 092422877 $2,407.31 02/01/1998 180
500064347 LEAHY,TERENCE M 092423535 $4,494.14 02/01/1998 180
500064396 TERLAU,TIMOTHY P 092425235 $2,428.74 02/01/1998 180
500064397 ARMESTO,DAVID M 092425390 $2,293.57 02/01/1998 180
500064432 RIMPO,APRIL M 092423517 $2,717.49 02/01/1998 180
500064468 BLAU,MICHAEL L 092425916 $3,595.31 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500063840 GREEN,JOHN F .00 .00 .00 .000 .150 .250 $340,000.00 N
500063842 BAKER,DAVID M .00 .00 .00 .000 .150 .250 $1,245,000.00 N
500063986 SWEENEY,TERRENCE P .00 .00 .00 .000 .150 .250 $440,000.00 N
500064004 MITCHELL,BRIAN A .00 .00 .00 .000 .150 .250 $390,000.00 N
500064101 CONNOLLY,JANE E .00 .00 .00 .000 .250 .300 $510,000.00 N
500064127 HOFERT,DAVID K .00 .00 .00 .000 .150 .250 $440,000.00 N
500064131 POWERS,THOMAS A .00 .00 .00 .000 .150 .250 $316,000.00 N
500064216 GIANNULLI,MOSSIMO G .00 .00 .00 .000 .250 .300 $3,500,000.00 N
500064346 HOUGLAND,HOWARD E .00 .00 .00 .000 .150 .250 $341,000.00 N
500064347 LEAHY,TERENCE M .00 .00 .00 .000 .150 .250 $890,000.00 N
500064396 TERLAU,TIMOTHY P .00 .00 .00 .000 .150 .250 $425,000.00 N
500064397 ARMESTO,DAVID M .00 .00 .00 .000 .150 .250 $310,000.00 N
500064432 RIMPO,APRIL M .00 .00 .00 .000 .150 .250 $375,000.00 N
500064468 BLAU,MICHAEL L .00 .00 .00 .000 .150 .250 $617,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 4
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500064537 HIATT,JOHN D 3452 EAGLECLIFF DRIVE ESTES PARK CO 80517 $286,121.02
500064569 MORDZYNSKI,SHIMON 6 BIRCHWOOD DRIVE TOWNSHIP OF LIV NJ 07039 $250,356.87
500064577 INKLEY,JOHN J JR & CATHER 35 MUIRFIELD LANE TOWN AND COUNTR MO 63141 $293,199.42
500064584 CONTI,JOHN A 12 CAMP BAL PLACE LITTLE FALLS TO NJ 07424 $229,308.87
500064591 YARDENI,MIKE M 4665 GLOBE WILLOW DRIVE EL PASO TX 79922 $319,144.30
500064593 WISLER,RICHARD A 1712 MARYLAND AVENUE CAPE MAY NJ 08204 $270,652.57
500064610 FELDER,SAMUEL OFF SNAKE HOLE ROAD, NEW BLOCK ISLAND RI 02807 $222,914.45
500064627 DONAHUE,MICHAEL J 405 MULBERRY LANE HAVERFORD PA 19041 $603,081.96
500064636 REDMOND,KEVIN J 16 GOULD ROAD BEDFORD MA 01730 $225,035.33
500064637 BULL,BEN H 300 FALLS RIDGE COVE ALPHARETTA GA 30201 $331,817.14
500064663 PEERSON,JAMES L 8028 KENTWOOD AVENUE LOS ANGELES CA 90048 $352,016.85
500064668 ZORNOSA,JOHN P 126 FOXFIRE LANE LEWISBERRY PA 17339 $248,188.18
500064689 DESOUZA,EDWARD 8 CLASSIC DRIVE TRUMBULL CT 06611 $325,663.68
500064729 JORDAN,JEFFREY A 402 CHELSEA BAY COPPELL TX 75019 $247,468.76
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500064537 HIATT,JOHN D 7.875 .250 7.625 .0500 7.575 04/01/2012
500064569 MORDZYNSKI,SHIMON 8.125 .150 7.975 .1000 7.875 05/01/2012
500064577 INKLEY,JOHN J JR & CATHER 8.500 .250 8.250 .0500 8.200 06/01/2012
500064584 CONTI,JOHN A 7.125 .150 6.975 .1000 6.875 05/01/2012
500064591 YARDENI,MIKE M 7.875 .150 7.725 .1000 7.625 05/01/2012
500064593 WISLER,RICHARD A 8.125 .150 7.975 .1000 7.875 05/01/2012
500064610 FELDER,SAMUEL 7.375 .150 7.225 .1000 7.125 05/01/2012
500064627 DONAHUE,MICHAEL J 7.750 .150 7.600 .1000 7.500 05/01/2012
500064636 REDMOND,KEVIN J 7.250 .150 7.100 .1000 7.000 05/01/2012
500064637 BULL,BEN H 7.250 .150 7.100 .1000 7.000 05/01/2012
500064663 PEERSON,JAMES L 7.625 .150 7.475 .1000 7.375 05/01/2012
500064668 ZORNOSA,JOHN P 8.000 .150 7.850 .1000 7.750 05/01/2012
500064689 DESOUZA,EDWARD 7.375 .150 7.225 .1000 7.125 06/01/2012
500064729 JORDAN,JEFFREY A 7.750 .150 7.600 .1000 7.500 06/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500064537 HIATT,JOHN D 092423017 $2,797.93 02/01/1998 180
500064569 MORDZYNSKI,SHIMON 092427207 $2,503.49 02/01/1998 180
500064577 INKLEY,JOHN J JR & CATHER 033399 $2,954.22 02/01/1998 180
500064584 CONTI,JOHN A 092411800 $2,138.67 02/01/1998 180
500064591 YARDENI,MIKE M 092429197 $3,110.92 02/01/1998 180
500064593 WISLER,RICHARD A 092429364 $2,676.81 12 02/01/1998 180
500064610 FELDER,SAMUEL 091893251 $2,115.82 02/01/1998 180
500064627 DONAHUE,MICHAEL J 092430040 $5,835.91 02/01/1998 180
500064636 REDMOND,KEVIN J 092423779 $2,259.34 02/01/1998 180
500064637 BULL,BEN H 092431045 $3,195.02 02/01/1998 180
500064663 PEERSON,JAMES L 092426626 $3,381.55 3 02/01/1998 180
500064668 ZORNOSA,JOHN P 092430084 $2,436.91 02/01/1998 180
500064689 DESOUZA,EDWARD 092428776 $3,072.54 02/01/1998 180
500064729 JORDAN,JEFFREY A 092430569 $2,387.08 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500064537 HIATT,JOHN D .00 .00 .00 .000 .250 .300 $525,000.00 N
500064569 MORDZYNSKI,SHIMON .00 .00 .00 .000 .150 .250 $375,000.00 N
500064577 INKLEY,JOHN J JR & CATHER .00 .00 .00 .000 .250 .300 $600,000.00 N
500064584 CONTI,JOHN A .00 .00 .00 .000 .150 .250 $337,300.00 N
500064591 YARDENI,MIKE M .00 .00 .00 .000 .150 .250 $410,000.00 N
500064593 WISLER,RICHARD A .00 .00 .00 .000 .150 .250 $309,000.00 N
500064610 FELDER,SAMUEL .00 .00 .00 .000 .150 .250 $390,000.00 N
500064627 DONAHUE,MICHAEL J .00 .00 .00 .000 .150 .250 $775,000.00 N
500064636 REDMOND,KEVIN J .00 .00 .00 .000 .150 .250 $388,000.00 N
500064637 BULL,BEN H .00 .00 .00 .000 .150 .250 $512,000.00 N
500064663 PEERSON,JAMES L .00 .00 .00 .000 .150 .250 $390,000.00 N
500064668 ZORNOSA,JOHN P .00 .00 .00 .000 .150 .250 $345,000.00 N
500064689 DESOUZA,EDWARD .00 .00 .00 .000 .150 .250 $418,000.00 N
500064729 JORDAN,JEFFREY A .00 .00 .00 .000 .150 .250 $317,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 5
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500064741 FALKOWSKY,ALAN R 129 S. LAKEVIEW AVENUE SCRANTON PA 18505 $231,363.03
500064744 WIESE,BRIAN R 1680 BRIGHT WAY PLACE BRENTWOOD TN 37024 $243,891.21
500064770 WATTS,MICHAEL L 2709 NORTH SHORE CIRCLE WICHITA KS 67205 $390,329.38
500064792 NEHER,DAWN K 331 WELLESLEY STREET WESTON MA 02193 $587,749.88
500064795 NELSON,CLARENCE G 2732 BROYLES LANE FRANKLIN TN 37069 $242,317.13
500064867 HALL,JOHN T 3N976 LONGFELLOW PLACE ST. CHARLES IL 60175 $293,537.57
500064926 ESDALE,KENNETH 3 PHEASANT RUN TOWNSHIP OF GRE NJ 08812 $421,315.05
500064927 WHITAKER,GARY C 102 ENCKS MILL ROAD CARLISLE PA 17013 $235,204.79
500064933 MURPHY,THERESE 1854 VALLEJO STREET SAN FRANCISCO CA 94123 $410,952.61
500065055 ELIOT,DANIEL ROBERT 121 SOUTH CANON DR #103 BEVERLY HILLS CA 90212 $246,064.65
500065213 PERRONE,NICHOLAS 8 CHERRY LANE TOWNSHIP OF NEW PA 19073 $392,478.49
500065217 BEAVERSON,CHARLES A JR 274 HILLDALE ROAD VILLANOVA PA 19805 $294,537.03
500065242 FISHER,SETH W 1 SANDY HILL TERRACE TOWNSHIP OF WRI PA 18707 $294,358.85
500065263 RAY,RICHARD L RT 3 BOX 211A RICHMOND MO 64085 $309,324.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500064741 FALKOWSKY,ALAN R 7.250 .150 7.100 .1000 7.000 06/01/2012
500064744 WIESE,BRIAN R 7.625 .150 7.475 .1000 7.375 06/01/2012
500064770 WATTS,MICHAEL L 7.750 .150 7.600 .1000 7.500 06/01/2012
500064792 NEHER,DAWN K 8.125 .150 7.975 .1000 7.875 07/01/2012
500064795 NELSON,CLARENCE G 8.375 .150 8.225 .1000 8.125 06/01/2012
500064867 HALL,JOHN T 7.500 .150 7.350 .1000 7.250 07/01/2012
500064926 ESDALE,KENNETH 8.250 .150 8.100 .1000 8.000 07/01/2012
500064927 WHITAKER,GARY C 8.375 .150 8.225 .1000 8.125 07/01/2012
500064933 MURPHY,THERESE 7.500 .150 7.350 .1000 7.250 07/01/2012
500065055 ELIOT,DANIEL ROBERT 8.000 .150 7.850 .1000 7.750 07/01/2012
500065213 PERRONE,NICHOLAS 7.250 .150 7.100 .1000 7.000 08/01/2012
500065217 BEAVERSON,CHARLES A JR 7.625 .150 7.475 .1000 7.375 08/01/2012
500065242 FISHER,SETH W 7.250 .150 7.100 .1000 7.000 08/01/2012
500065263 RAY,RICHARD L 7.750 .150 7.600 .1000 7.500 08/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500064741 FALKOWSKY,ALAN R 092431907 $2,166.68 02/01/1998 180
500064744 WIESE,BRIAN R 092436066 $2,335.32 02/01/1998 180
500064770 WATTS,MICHAEL L 092437640 $3,765.10 02/01/1998 180
500064792 NEHER,DAWN K 092431821 $5,777.29 02/01/1998 180
500064795 NELSON,CLARENCE G 092435044 $2,424.02 02/01/1998 180
500064867 HALL,JOHN T 092427610 $2,781.04 02/01/1998 180
500064926 ESDALE,KENNETH 092437467 $4,171.60 02/01/1998 180
500064927 WHITAKER,GARY C 092437817 $2,345.82 02/01/1998 180
500064933 MURPHY,THERESE 092438446 $3,893.45 02/01/1998 180
500065055 ELIOT,DANIEL ROBERT 092437346 $2,401.08 02/01/1998 180
500065213 PERRONE,NICHOLAS 092436183 $3,651.45 02/01/1998 180
500065217 BEAVERSON,CHARLES A JR 092440618 $2,802.39 02/01/1998 180
500065242 FISHER,SETH W 092437884 $2,738.59 02/01/1998 180
500065263 RAY,RICHARD L 092437274 $2,965.02 2 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500064741 FALKOWSKY,ALAN R .00 .00 .00 .000 .150 .250 $316,500.00 N
500064744 WIESE,BRIAN R .00 .00 .00 .000 .150 .250 $388,000.00 N
500064770 WATTS,MICHAEL L .00 .00 .00 .000 .150 .250 $560,000.00 N
500064792 NEHER,DAWN K .00 .00 .00 .000 .150 .250 $921,125.00 N
500064795 NELSON,CLARENCE G .00 .00 .00 .000 .150 .250 $310,000.00 N
500064867 HALL,JOHN T .00 .00 .00 .000 .150 .250 $504,900.00 N
500064926 ESDALE,KENNETH .00 .00 .00 .000 .150 .250 $730,000.00 N
500064927 WHITAKER,GARY C .00 .00 .00 .000 .150 .250 $300,000.00 N
500064933 MURPHY,THERESE .00 .00 .00 .000 .150 .250 $700,000.00 N
500065055 ELIOT,DANIEL ROBERT .00 .00 .00 .000 .150 .250 $335,000.00 N
500065213 PERRONE,NICHOLAS .00 .00 .00 .000 .150 .250 $504,029.00 N
500065217 BEAVERSON,CHARLES A JR .00 .00 .00 .000 .150 .250 $535,000.00 N
500065242 FISHER,SETH W .00 .00 .00 .000 .150 .250 $600,000.00 N
500065263 RAY,RICHARD L .00 .00 .00 .000 .150 .250 $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 6
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500065266 KNIGHT,KEVIN T 9029 N. JEREMY CIRCLE PARK CITY UT 84098 $244,468.83
500065274 SCHILLING,TIMOTHY LEE 7442 FAIRWAY LANE PARKER CO 80134 $306,133.23
500065311 YELTON,DERREK A 7725 SPANISH BAY DRIVE LAS VEGAS NV 89113 $277,901.69
500065320 CORNETT,JACK 521 WARWICK RD. HAMILTON OH 45013 $411,424.86
500065326 BRUNNER,R DAVID & DENISE 9796 N BAYSHORE DR SYRACUSE IN 46567 $228,651.01
500065327 ADAMS,LESLIE V & BARBARA 1431 WHEATFIELD LANE ST ALBANS MO 63073 $262,510.05
500065328 CAMERER,DAN & LANA 185 WOOD GLEN COURT ST ALBANS MO 63073 $236,752.07
500065356 CURLEY,TIMOTHY M 201 MEADOW LARK LANE BOALSBURG PA 16827 $250,455.34
500065360 CANTY,THOMAS P 25 EAST 14TH STREET BOROUGH OF AVAL NJ 08202 $392,637.49
500065371 CARNICELLI,GLENN L 1428 ROUND HILL ROAD HARRISBURG PA 17110 $232,207.05
500065377 PETERSEN,ERIC S 1132 TEMPLETON PLACE TOWN AND COUNTR MO 63017 $383,316.96
500065440 ALEXSOVICH,GEORGE 1089 ROSEDALE ROAD ATLANTA GA 30306 $240,025.10
500065506 JONES,MARVIN L & COLLEEN 705 CULLENMOR HILL DR ST CHARLES MO 63303 $304,376.04
500065523 MCCRAY,RODNEY E 901-951 SUGAR CREEK BLVD. SUGARLAND TX 77479 $476,256.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500065266 KNIGHT,KEVIN T 7.500 .150 7.350 .1000 7.250 08/01/2012
500065274 SCHILLING,TIMOTHY LEE 7.250 .150 7.100 .1000 7.000 08/01/2012
500065311 YELTON,DERREK A 7.750 .150 7.600 .1000 7.500 08/01/2012
500065320 CORNETT,JACK 8.125 .250 7.875 .0500 7.825 07/01/2012
500065326 BRUNNER,R DAVID & DENISE 7.875 .250 7.625 .0500 7.575 08/01/2012
500065327 ADAMS,LESLIE V & BARBARA 7.625 .250 7.375 .0500 7.325 09/01/2010
500065328 CAMERER,DAN & LANA 7.375 .250 7.125 .0500 7.075 03/01/2011
500065356 CURLEY,TIMOTHY M 7.875 .150 7.725 .1000 7.625 08/01/2012
500065360 CANTY,THOMAS P 7.500 .150 7.350 .1000 7.250 08/01/2012
500065371 CARNICELLI,GLENN L 7.875 .150 7.725 .1000 7.625 08/01/2012
500065377 PETERSEN,ERIC S 7.875 .150 7.725 .1000 7.625 09/01/2012
500065440 ALEXSOVICH,GEORGE 7.250 .150 7.100 .1000 7.000 09/01/2012
500065506 JONES,MARVIN L & COLLEEN 7.750 .250 7.500 .0500 7.450 09/01/2012
500065523 MCCRAY,RODNEY E 7.500 .150 7.350 .1000 7.250 09/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500065266 KNIGHT,KEVIN T 092440720 $2,317.53 02/01/1998 180
500065274 SCHILLING,TIMOTHY LEE 092444418 $2,848.13 02/01/1998 180
500065311 YELTON,DERREK A 092444564 $2,663.81 02/01/1998 180
500065320 CORNETT,JACK 092441193 $4,044.11 02/01/1998 180
500065326 BRUNNER,R DAVID & DENISE 110140251 $2,207.99 02/01/1998 180
500065327 ADAMS,LESLIE V & BARBARA 031720 $2,708.98 02/01/1998 180
500065328 CAMERER,DAN & LANA 032072 $2,355.01 02/01/1998 180
500065356 CURLEY,TIMOTHY M 092446114 $2,418.55 02/01/1998 180
500065360 CANTY,THOMAS P 092447749 $3,708.05 02/01/1998 180
500065371 CARNICELLI,GLENN L 092441035 $2,251.62 12 02/01/1998 180
500065377 PETERSEN,ERIC S 092444072 $3,698.95 02/01/1998 180
500065440 ALEXSOVICH,GEORGE 092448772 $2,227.39 02/01/1998 180
500065506 JONES,MARVIN L & COLLEEN 032954 $2,908.55 02/01/1998 180
500065523 MCCRAY,RODNEY E 092446343 $4,486.74 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500065266 KNIGHT,KEVIN T .00 .00 .00 .000 .150 .250 $424,000.00 N
500065274 SCHILLING,TIMOTHY LEE .00 .00 .00 .000 .150 .250 $390,000.00 N
500065311 YELTON,DERREK A .00 .00 .00 .000 .150 .250 $385,000.00 N
500065320 CORNETT,JACK .00 .00 .00 .000 .250 .300 $825,000.00 N
500065326 BRUNNER,R DAVID & DENISE .00 .00 .00 .000 .250 .300 $291,000.00 N
500065327 ADAMS,LESLIE V & BARBARA .00 .00 .00 .000 .250 .300 $525,000.00 N
500065328 CAMERER,DAN & LANA .00 .00 .00 .000 .250 .300 $455,000.00 N
500065356 CURLEY,TIMOTHY M .00 .00 .00 .000 .150 .250 $370,000.00 N
500065360 CANTY,THOMAS P .00 .00 .00 .000 .150 .250 $540,000.00 N
500065371 CARNICELLI,GLENN L .00 .00 .00 .000 .150 .250 $249,900.00 N
500065377 PETERSEN,ERIC S .00 .00 .00 .000 .150 .250 $490,000.00 N
500065440 ALEXSOVICH,GEORGE .00 .00 .00 .000 .150 .250 $305,000.00 N
500065506 JONES,MARVIN L & COLLEEN .00 .00 .00 .000 .250 .300 $450,000.00 N
500065523 MCCRAY,RODNEY E .00 .00 .00 .000 .150 .250 $875,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 7
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500065530 MIDLOCK,EUGENE J 26250 CATHARINE CT. LOS ALTOS HILLS CA 94022 $886,089.77
500065553 VUDROGOVIC,ROBERT ELI 4142 MURIETTA AVE SHERMAN OAKS CA 91423 $260,860.04
500065581 ROMOFF,JEFFREY A 3208 FOX RUN ROAD ALLISON PARK PA 15101 $300,027.64
500065585 ANDERSON,ROBERT A 3112 EAST 88TH STREET SOU TULSA OK 74137 $514,279.39
500065601 MERCER,THOMAS R 212 HUNTINGTON ST HUNTINGTON CT 06484 $237,085.28
500065605 MOMENI,AHMAD R 7717 E. WILDFLOWER AVENEU ORANGE CA 92869 $236,862.05
500065609 FORSYTHE,GREGORY W 521 N. HAYDEN STREET WEST YELLOWSTON MT 59758 $269,885.53
500065610 BURKE,WILLIAM 10 VILLAGE ROAD HARDING TOWNSHI NJ 07940 $395,278.58
500065627 ULLAKKO,JAMES E 233 S. RIDGEWOOD ROAD KENTFIELD CA 94904 $691,277.86
500065631 JONATHAN,SABBY 73-214 LOMA VISTA LN PALM DESERT CA 92260 $262,613.66
500065667 NORRGARD,KRISTIN A 1855 WEST GORE CREEK DR. VAIL CO 81658 $276,548.51
500066133 CHOI,KI YONG 36 GREAT CIRCLE DRIVE MILL VALLEY CA 94941 $770,385.22
500066142 STEELE,JOHN F 8905 HOPEWELL RD. CINCINNATI OH 45242 $250,936.03
500066144 BENCIVENGO,RICHARD 513 7TH STREET LOS ANGELES (CI CA 90402 $459,511.36
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500065530 MIDLOCK,EUGENE J 7.375 .150 7.225 .1000 7.125 09/01/2012
500065553 VUDROGOVIC,ROBERT ELI 7.250 .150 7.100 .1000 7.000 09/01/2012
500065581 ROMOFF,JEFFREY A 6.750 .150 6.600 .1000 6.500 09/01/2012
500065585 ANDERSON,ROBERT A 7.250 .150 7.100 .1000 7.000 09/01/2012
500065601 MERCER,THOMAS R 8.125 .150 7.975 .1000 7.875 10/01/2012
500065605 MOMENI,AHMAD R 7.625 .150 7.475 .1000 7.375 09/01/2012
500065609 FORSYTHE,GREGORY W 7.375 .150 7.225 .1000 7.125 10/01/2012
500065610 BURKE,WILLIAM 7.875 .150 7.725 .1000 7.625 10/01/2012
500065627 ULLAKKO,JAMES E 7.250 .150 7.100 .1000 7.000 10/01/2012
500065631 JONATHAN,SABBY 7.000 .150 6.850 .1000 6.750 10/01/2012
500065667 NORRGARD,KRISTIN A 7.375 .150 7.225 .1000 7.125 10/01/2012
500066133 CHOI,KI YONG 7.375 .150 7.225 .1000 7.125 10/01/2012
500066142 STEELE,JOHN F 7.625 .150 7.475 .1000 7.375 10/01/2012
500066144 BENCIVENGO,RICHARD 7.875 .250 7.625 .0500 7.575 10/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500065530 MIDLOCK,EUGENE J 092450656 $8,279.31 02/01/1998 180
500065553 VUDROGOVIC,ROBERT ELI 092445639 $2,419.09 02/01/1998 180
500065581 ROMOFF,JEFFREY A 092447596 $2,698.97 02/01/1998 180
500065585 ANDERSON,ROBERT A 092451100 $4,783.40 02/01/1998 180
500065601 MERCER,THOMAS R 092416576 $2,339.80 02/01/1998 180
500065605 MOMENI,AHMAD R 092450691 $2,246.58 02/01/1998 180
500065609 FORSYTHE,GREGORY W 092453926 $2,520.59 02/01/1998 180
500065610 BURKE,WILLIAM 092454192 $3,793.80 12 02/01/1998 180
500065627 ULLAKKO,JAMES E 092452862 $6,390.04 02/01/1998 180
500065631 JONATHAN,SABBY 092454870 $2,390.88 02/01/1998 180
500065667 NORRGARD,KRISTIN A 092454108 $2,575.79 02/01/1998 180
500066133 CHOI,KI YONG 092448641 $7,175.40 02/01/1998 180
500066142 STEELE,JOHN F 092453589 $2,372.69 02/01/1998 180
500066144 BENCIVENGO,RICHARD 092454472 $4,410.29 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500065530 MIDLOCK,EUGENE J .00 .00 .00 .000 .150 .250 $1,695,000.00 N
500065553 VUDROGOVIC,ROBERT ELI .00 .00 .00 .000 .150 .250 $525,000.00 N
500065581 ROMOFF,JEFFREY A .00 .00 .00 .000 .150 .250 $407,000.00 N
500065585 ANDERSON,ROBERT A .00 .00 .00 .000 .150 .250 $763,000.00 N
500065601 MERCER,THOMAS R .00 .00 .00 .000 .150 .250 $309,000.00 N
500065605 MOMENI,AHMAD R .00 .00 .00 .000 .150 .250 $350,000.00 N
500065609 FORSYTHE,GREGORY W .00 .00 .00 .000 .150 .250 $387,500.00 N
500065610 BURKE,WILLIAM .00 .00 .00 .000 .150 .250 $450,000.00 N
500065627 ULLAKKO,JAMES E .00 .00 .00 .000 .150 .250 $1,389,000.00 N
500065631 JONATHAN,SABBY .00 .00 .00 .000 .150 .250 $500,000.00 N
500065667 NORRGARD,KRISTIN A .00 .00 .00 .000 .150 .250 $375,000.00 N
500066133 CHOI,KI YONG .00 .00 .00 .000 .150 .250 $975,000.00 N
500066142 STEELE,JOHN F .00 .00 .00 .000 .150 .250 $800,000.00 N
500066144 BENCIVENGO,RICHARD .00 .00 .00 .000 .250 .300 $1,115,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 8
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066147 WIEDEMAN,DENNIS L EAST UNIT 168 94TH STREET BOROUGH OF STON NJ 08247 $249,783.44
500066149 ABUSHAM,MOHAMMED 11552 ARROYO AVENUE SANTA ANA CA 92705 $343,106.38
500066321 PALMER,ROBIN G 2189 POMEZIA COURT PLEASANTON CA 94566 $502,855.26
500066324 BARNES,KENYON C 18596 WEST CAVENDISH DRIV CASTRO VALLEY CA 94552 $270,559.99
500066326 GEISINGER,LLOYD K 22 KENILWORTH ROAD WELLESLEY MA 02181 $444,271.20
500066334 SANDERS,WILLIAM L 1607 BEARD DRIVE SE GRAND RAPIDS MI 49546 $592,361.61
500066338 DOUGLAS,JOHN WILLIAM 280 ORCHARD AVENUE #D MOUNTAIN VIEW CA 94043 $228,179.40
500066341 DAVIS,FREDERICK A 5886 NORTH BONITA VISTA S LAS VEGAS NV 89129 $282,295.65
500066342 ZECK,PHILIP W 120 PEBBLE BEACH DRIVE NOVATO CA 94949 $362,476.10
500066343 MULHERN,JAMES P 5190 BIRKDALE WAY SAN JOSE CA 95138 $477,173.60
500066357 SAGER,DAVID W 20 NEW PRESTON HILL ROAD WASHINGTON CT 06776 $713,145.49
500066365 HILL,JAMES W D.D.S.&ANETT 1032 SHERMAN AVE MADISON WI 53703 $318,413.36
500066376 BROWN,JAMES HOWARD 5214 EAST PARADISE DR. SCOTTSDALE AZ 85254 $232,857.47
500066380 TOLIN,FREDRIK P 5409 MAPLEWOOD DOWNERS GROVE IL 60515 $373,834.70
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066147 WIEDEMAN,DENNIS L 7.750 .150 7.600 .1000 7.500 10/01/2012
500066149 ABUSHAM,MOHAMMED 7.750 .150 7.600 .1000 7.500 10/01/2012
500066321 PALMER,ROBIN G 7.250 .150 7.100 .1000 7.000 10/01/2012
500066324 BARNES,KENYON C 7.500 .150 7.350 .1000 7.250 10/01/2012
500066326 GEISINGER,LLOYD K 7.000 .150 6.850 .1000 6.750 10/01/2012
500066334 SANDERS,WILLIAM L 7.000 .150 6.850 .1000 6.750 10/01/2012
500066338 DOUGLAS,JOHN WILLIAM 7.500 .150 7.350 .1000 7.250 10/01/2012
500066341 DAVIS,FREDERICK A 7.375 .150 7.225 .1000 7.125 10/01/2012
500066342 ZECK,PHILIP W 7.375 .150 7.225 .1000 7.125 10/01/2012
500066343 MULHERN,JAMES P 7.625 .150 7.475 .1000 7.375 10/01/2012
500066357 SAGER,DAVID W 7.000 .150 6.850 .1000 6.750 11/01/2012
500066365 HILL,JAMES W D.D.S.&ANETT 7.750 .250 7.500 .0500 7.450 10/01/2012
500066376 BROWN,JAMES HOWARD 7.500 .150 7.350 .1000 7.250 11/01/2012
500066380 TOLIN,FREDRIK P 7.875 .250 7.625 .0500 7.575 10/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066147 WIEDEMAN,DENNIS L 092455511 $2,379.54 2 02/01/1998 180
500066149 ABUSHAM,MOHAMMED 092457937 $3,268.58 02/01/1998 180
500066321 PALMER,ROBIN G 092448956 $4,648.30 02/01/1998 180
500066324 BARNES,KENYON C 092449980 $2,539.09 12 02/01/1998 180
500066326 GEISINGER,LLOYD K 092451141 $4,044.73 02/01/1998 180
500066334 SANDERS,WILLIAM L 092452916 $5,392.97 02/01/1998 180
500066338 DOUGLAS,JOHN WILLIAM 092454439 $2,159.94 02/01/1998 180
500066341 DAVIS,FREDERICK A 092455259 $2,630.98 02/01/1998 180
500066342 ZECK,PHILIP W 092455271 $3,376.12 02/01/1998 180
500066343 MULHERN,JAMES P 092455388 $4,511.85 02/01/1998 180
500066357 SAGER,DAVID W 092449515 $6,471.56 02/01/1998 180
500066365 HILL,JAMES W D.D.S.&ANETT 135917 $3,106.21 02/01/1998 180
500066376 BROWN,JAMES HOWARD 092454303 $2,178.48 02/01/1998 180
500066380 TOLIN,FREDRIK P 092457014 $3,587.99 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066147 WIEDEMAN,DENNIS L .00 .00 .00 .000 .150 .250 $297,500.00 N
500066149 ABUSHAM,MOHAMMED .00 .00 .00 .000 .150 .250 $463,000.00 N
500066321 PALMER,ROBIN G .00 .00 .00 .000 .150 .250 $636,527.00 N
500066324 BARNES,KENYON C .00 .00 .00 .000 .150 .250 $325,000.00 N
500066326 GEISINGER,LLOYD K .00 .00 .00 .000 .150 .250 $950,000.00 N
500066334 SANDERS,WILLIAM L .00 .00 .00 .000 .150 .250 $750,000.00 N
500066338 DOUGLAS,JOHN WILLIAM .00 .00 .00 .000 .150 .250 $300,000.00 N
500066341 DAVIS,FREDERICK A .00 .00 .00 .000 .150 .250 $375,000.00 N
500066342 ZECK,PHILIP W .00 .00 .00 .000 .150 .250 $492,300.00 N
500066343 MULHERN,JAMES P .00 .00 .00 .000 .150 .250 $645,000.00 N
500066357 SAGER,DAVID W .00 .00 .00 .000 .150 .250 $900,000.00 N
500066365 HILL,JAMES W D.D.S.&ANETT .00 .00 .00 .000 .250 .300 $480,000.00 N
500066376 BROWN,JAMES HOWARD .00 .00 .00 .000 .150 .250 $340,000.00 N
500066380 TOLIN,FREDRIK P .00 .00 .00 .000 .250 .300 $480,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 9
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066381 BORCHERS,JOHN C 814 PRINCETON TERRACE PARK OH 45174 $227,285.21
500066400 SMALL,LEO A 11329 E. MARIPOSA GRANDE SCOTTSDALE AZ 85255 $381,489.90
500066413 MARTINEZ,MICHAEL L 9631 CARRIAGE ROAD KENSINGTON MD 20895 $324,834.64
500066438 BROMLEY,GREGG 20 LITTLEPOND ROAD NORTHBOROUGH MA 01532 $278,830.26
500066441 SCHRAMM,MICHAEL R 4541 NATURE TRAIL DRIVE ALLISON PARK PA 15101 $237,811.89
500066442 BUTLER,ROBERT L 189A CAPTAINS ROW BOURNE MA 02351 $294,979.25
500066568 KRUEGER,ALLAN C 7260 PRESIDENTIAL DRIVE GURNEE IL 60031 $256,044.13
500066573 GOLDBERG,DAVID N 821 TURNBRIDGE ROAD WAYNE PA 19087 $393,700.87
500066575 MUSLIN,SAM C 518 CHAUTAUQUA BOULEVARD PACIFIC PALISAD CA 90272 $583,203.88
500066577 CONNOLLY,PETER P 2413 VINEYARD ROAD NOVATO CA 94947 $544,247.06
500066579 PAMAAR,MAHADEV 21 YALE COURT LIVINGSTON TOWN NJ 07039 $505,282.96
500066589 KURDI,STUART S 126 FALCON CREST ROAD MIDDLEBURY CT 06762 $236,922.76
500066590 PEARSON,ANTHONY C 7417 CEDAR BLUFF COURT PROSPECT KY 40059 $343,539.11
500066630 REILLY,THOMAS J 606 SUSQUEHANNA AVENUE WEST PITTSTON PA 18643 $396,232.76
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066381 BORCHERS,JOHN C 7.875 .150 7.725 .1000 7.625 10/01/2012
500066400 SMALL,LEO A 7.500 .150 7.350 .1000 7.250 11/01/2012
500066413 MARTINEZ,MICHAEL L 7.875 .250 7.625 .0500 7.575 10/01/2012
500066438 BROMLEY,GREGG 7.750 .150 7.600 .1000 7.500 11/01/2012
500066441 SCHRAMM,MICHAEL R 7.500 .150 7.350 .1000 7.250 11/01/2012
500066442 BUTLER,ROBERT L 7.750 .150 7.600 .1000 7.500 11/01/2007
500066568 KRUEGER,ALLAN C 7.500 .150 7.350 .1000 7.250 11/01/2012
500066573 GOLDBERG,DAVID N 7.750 .250 7.500 .0500 7.450 10/01/2012
500066575 MUSLIN,SAM C 7.625 .250 7.375 .0500 7.325 11/01/2012
500066577 CONNOLLY,PETER P 7.625 .250 7.375 .0500 7.325 11/01/2012
500066579 PAMAAR,MAHADEV 7.375 .150 7.225 .1000 7.125 11/01/2012
500066589 KURDI,STUART S 7.000 .150 6.850 .1000 6.750 11/01/2012
500066590 PEARSON,ANTHONY C 7.500 .150 7.350 .1000 7.250 11/01/2012
500066630 REILLY,THOMAS J 7.125 .150 6.975 .1000 6.875 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066381 BORCHERS,JOHN C 092457415 $2,181.43 02/01/1998 180
500066400 SMALL,LEO A 092457656 $3,569.00 02/01/1998 180
500066413 MARTINEZ,MICHAEL L 092455045 $3,118.93 02/01/1998 180
500066438 BROMLEY,GREGG 092441111 $2,648.19 02/01/1998 180
500066441 SCHRAMM,MICHAEL R 092454582 $2,224.83 02/01/1998 180
500066442 BUTLER,ROBERT L 092457129 $3,600.32 02/01/1998 120
500066568 KRUEGER,ALLAN C 092457058 $2,395.40 12 02/01/1998 180
500066573 GOLDBERG,DAVID N 092459297 $3,760.40 02/01/1998 180
500066575 MUSLIN,SAM C 092459724 $5,511.37 02/01/1998 180
500066577 CONNOLLY,PETER P 092460252 $5,130.24 02/01/1998 180
500066579 PAMAAR,MAHADEV 092460526 $4,719.21 02/01/1998 180
500066589 KURDI,STUART S 092462608 $2,150.00 02/01/1998 180
500066590 PEARSON,ANTHONY C 092463217 $3,213.95 02/01/1998 180
500066630 REILLY,THOMAS J 092461343 $3,623.32 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066381 BORCHERS,JOHN C .00 .00 .00 .000 .150 .250 $400,000.00 N
500066400 SMALL,LEO A .00 .00 .00 .000 .150 .250 $785,000.00 N
500066413 MARTINEZ,MICHAEL L .00 .00 .00 .000 .250 .300 $429,000.00 N
500066438 BROMLEY,GREGG .00 .00 .00 .000 .150 .250 $351,675.00 N
500066441 SCHRAMM,MICHAEL R .00 .00 .00 .000 .150 .250 $385,000.00 N
500066442 BUTLER,ROBERT L .00 .00 .00 .000 .150 .250 $415,000.00 N
500066568 KRUEGER,ALLAN C .00 .00 .00 .000 .150 .250 $272,000.00 N
500066573 GOLDBERG,DAVID N .00 .00 .00 .000 .250 .300 $665,000.00 N
500066575 MUSLIN,SAM C .00 .00 .00 .000 .250 .300 $1,700,000.00 N
500066577 CONNOLLY,PETER P .00 .00 .00 .000 .250 .300 $910,000.00 N
500066579 PAMAAR,MAHADEV .00 .00 .00 .000 .150 .250 $798,000.00 N
500066589 KURDI,STUART S .00 .00 .00 .000 .150 .250 $299,000.00 N
500066590 PEARSON,ANTHONY C .00 .00 .00 .000 .150 .250 $491,000.00 N
500066630 REILLY,THOMAS J .00 .00 .00 .000 .150 .250 $575,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 10
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066639 HOOPER,ALBERT H III 6103 ROBIN HILL ROAD NASHVILLE TN 37205 $261,166.92
500066650 GIANIKAS,TIMOTHY G 312 CHURCHILL CT NASHVILLE TN 37205 $298,221.62
500066688 MESSERLY,MARK J 330 RAVINE ROAD HINSDALE IL 60521 $322,987.42
500066693 SMITH,JANELLEN 60 KITE HILL LANE MILL VALLEY CA 94941 $695,570.18
500066705 VALSTAD,CLAYTON W JR 1641 KENSINGTON DR. ALGONQUIN IL 60102 $233,637.29
500066709 LAYTON,DAVID 11781 SOUTH AUTUMN RIDGE SANDY UT 84092 $426,560.09
500066799 ALLYN,CHRISTOPHER L 8 LAKE TRAIL WEST HARDING TOWNSHI NJ 07960 $367,633.10
500066814 NAGLE,JOHN W 24622 VISTA CERRITOS CALABASAS CA 91302 $301,274.57
500066819 WANTUCH,PETER S 747 BROMFIELD ROAD HILLSBOROUGH CA 94010 $503,928.03
500066832 DECKER,GARY A 2931 DUPONT AVENUE JACKSONVILLE FL 32217 $228,388.46
500066834 HUANG,DAVID H 6104 PASEO LA VISTA WOODLAND HILLS CA 91367 $573,426.88
500066835 HEPPER,DOUGLAS C 5131 ELLSWORTH AVE. PITTSBURGH PA 15232 $401,330.91
500066866 GIRARD,GARY 615 AZURE HILLS DRIVE SIMI VALLEY CA 93065 $290,211.32
500066870 GALLEN,TIMOTHY P 796 ST GEORGE RD. DANVILLE CA 94526 $327,956.45
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066639 HOOPER,ALBERT H III 7.125 .150 6.975 .1000 6.875 11/01/2012
500066650 GIANIKAS,TIMOTHY G 7.750 .150 7.600 .1000 7.500 12/01/2012
500066688 MESSERLY,MARK J 7.250 .150 7.100 .1000 7.000 12/01/2012
500066693 SMITH,JANELLEN 7.000 .150 6.850 .1000 6.750 12/01/2012
500066705 VALSTAD,CLAYTON W JR 7.250 .150 7.100 .1000 7.000 12/01/2012
500066709 LAYTON,DAVID 7.125 .150 6.975 .1000 6.875 12/01/2012
500066799 ALLYN,CHRISTOPHER L 6.875 .150 6.725 .1000 6.625 12/01/2012
500066814 NAGLE,JOHN W 7.500 .150 7.350 .1000 7.250 12/01/2012
500066819 WANTUCH,PETER S 7.500 .150 7.350 .1000 7.250 12/01/2012
500066832 DECKER,GARY A 7.625 .150 7.475 .1000 7.375 12/01/2012
500066834 HUANG,DAVID H 7.250 .150 7.100 .1000 7.000 12/01/2012
500066835 HEPPER,DOUGLAS C 6.500 .150 6.350 .1000 6.250 12/01/2012
500066866 GIRARD,GARY 7.375 .150 7.225 .1000 7.125 12/01/2012
500066870 GALLEN,TIMOTHY P 7.250 .150 7.100 .1000 7.000 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066639 HOOPER,ALBERT H III 092464347 $2,388.22 02/01/1998 180
500066650 GIANIKAS,TIMOTHY G 092450616 $2,823.83 02/01/1998 180
500066688 MESSERLY,MARK J 092464583 $2,966.80 02/01/1998 180
500066693 SMITH,JANELLEN 092465987 $6,291.80 02/01/1998 180
500066705 VALSTAD,CLAYTON W JR 092463735 $2,147.05 02/01/1998 180
500066709 LAYTON,DAVID 092468150 $3,888.28 33 02/01/1998 180
500066799 ALLYN,CHRISTOPHER L 092457224 $3,299.86 02/01/1998 180
500066814 NAGLE,JOHN W 092466453 $2,832.02 02/01/1998 180
500066819 WANTUCH,PETER S 092468457 $4,699.95 02/01/1998 180
500066832 DECKER,GARY A 092465203 $2,152.24 02/01/1998 180
500066834 HUANG,DAVID H 092466197 $5,267.22 02/01/1998 180
500066835 HEPPER,DOUGLAS C 092467417 $3,519.27 02/01/1998 180
500066866 GIRARD,GARY 092464473 $2,686.18 02/01/1998 180
500066870 GALLEN,TIMOTHY P 092464967 $3,012.45 12 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066639 HOOPER,ALBERT H III .00 .00 .00 .000 .150 .250 $416,000.00 N
500066650 GIANIKAS,TIMOTHY G .00 .00 .00 .000 .150 .250 $780,000.00 N
500066688 MESSERLY,MARK J .00 .00 .00 .000 .150 .250 $425,000.00 N
500066693 SMITH,JANELLEN .00 .00 .00 .000 .150 .250 $1,269,000.00 N
500066705 VALSTAD,CLAYTON W JR .00 .00 .00 .000 .150 .250 $294,000.00 N
500066709 LAYTON,DAVID .00 .00 .00 .000 .150 .250 $505,000.00 N
500066799 ALLYN,CHRISTOPHER L .00 .00 .00 .000 .150 .250 $468,000.00 N
500066814 NAGLE,JOHN W .00 .00 .00 .000 .150 .250 $421,000.00 N
500066819 WANTUCH,PETER S .00 .00 .00 .000 .150 .250 $1,450,000.00 N
500066832 DECKER,GARY A .00 .00 .00 .000 .150 .250 $288,000.00 N
500066834 HUANG,DAVID H .00 .00 .00 .000 .150 .250 $950,000.00 N
500066835 HEPPER,DOUGLAS C .00 .00 .00 .000 .150 .250 $505,000.00 N
500066866 GIRARD,GARY .00 .00 .00 .000 .150 .250 $375,000.00 N
500066870 GALLEN,TIMOTHY P .00 .00 .00 .000 .150 .250 $395,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 11
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066879 BERKLEY,JOAN G 12129 TRAVIS STREET LOS ANGELES CA 90049 $360,614.40
500066928 PEREZ,CLIFFORD A 14 LONGWOOD DRIVE SWAMPSCOTT MA 01907 $348,555.93
500066933 WALFORD,ROBERT W 3 VAN WYCK LANE LLOYD HARBOR NY 11743 $398,818.23
500066935 WALLACE,HOWARD C 1 WITHERS WAY HOCKESSIN DE 19707 $427,815.61
500066958 LIDDLE,WILLIAM T 3154 OLD WATTSBURG ROAD WATERFORD PA 16441 $268,373.95
500066965 WELCH,MICHAEL B 3233 EAST REGAN COURT SALT LAKE CITY UT 84121 $372,575.13
500066971 CLOUTIER,PAUL 2011 PORT ROYAL DRIVE NASSAU BAY TX 77058 $295,086.26
500066983 BROWN,ELLSWORTH H 6818 REYNOLDS ST. PITTSBURGH PA 15208 $292,713.29
500066984 SILVER,RAMON RICHARD 17021 WESTPORT DRIVE HUNTINGTON BEAC CA 92649 $392,962.97
500066986 DAUPLAISE,TERRANCE A 2676 WOODBURY DRIVE TORRANCE CA 90503 $310,564.81
500066990 BUTKO,DAVID BRADLEY 150 PRICKLY PEAR ROAD VERDI NV 89439 $263,167.09
500067005 MONTEIRO,DONALD R 116 MACARTHUR ROAD STONEHAM MA 02180 $227,824.92
500067010 LOOMIS,JOHN C 5228 ANNENDALE DRIVE ERIE PA 16506 $342,983.68
500067014 BROUCHARD,GILLES 1098 MUIR WAY LOS ALTOS CA 94024 $372,727.82
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066879 BERKLEY,JOAN G 6.625 .150 6.475 .1000 6.375 12/01/2012
500066928 PEREZ,CLIFFORD A 6.875 .150 6.725 .1000 6.625 12/01/2012
500066933 WALFORD,ROBERT W 7.750 .150 7.600 .1000 7.500 01/01/2013
500066935 WALLACE,HOWARD C 6.750 .150 6.600 .1000 6.500 12/01/2012
500066958 LIDDLE,WILLIAM T 7.750 .150 7.600 .1000 7.500 12/01/2012
500066965 WELCH,MICHAEL B 6.750 .150 6.600 .1000 6.500 12/01/2012
500066971 CLOUTIER,PAUL 7.250 .150 7.100 .1000 7.000 01/01/2013
500066983 BROWN,ELLSWORTH H 7.500 .150 7.350 .1000 7.250 01/01/2013
500066984 SILVER,RAMON RICHARD 7.750 .250 7.500 .0500 7.450 11/01/2012
500066986 DAUPLAISE,TERRANCE A 7.250 .250 7.000 .0500 6.950 12/01/2012
500066990 BUTKO,DAVID BRADLEY 7.000 .150 6.850 .1000 6.750 01/01/2013
500067005 MONTEIRO,DONALD R 7.750 .150 7.600 .1000 7.500 01/01/2013
500067010 LOOMIS,JOHN C 7.750 .150 7.600 .1000 7.500 01/01/2013
500067014 BROUCHARD,GILLES 7.500 .250 7.250 .0500 7.200 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066879 BERKLEY,JOAN G 092468426 $3,187.12 02/01/1998 180
500066928 PEREZ,CLIFFORD A 092432161 $3,128.62 02/01/1998 180
500066933 WALFORD,ROBERT W 092466611 $3,765.10 02/01/1998 180
500066935 WALLACE,HOWARD C 092468017 $3,810.42 02/01/1998 180
500066958 LIDDLE,WILLIAM T 092465494 $2,541.44 02/01/1998 180
500066965 WELCH,MICHAEL B 092469769 $3,318.41 02/01/1998 180
500066971 CLOUTIER,PAUL 600000114 $2,702.07 02/01/1998 180
500066983 BROWN,ELLSWORTH H 092465048 $2,721.71 02/01/1998 180
500066984 SILVER,RAMON RICHARD 092465543 $3,732.16 02/01/1998 180
500066986 DAUPLAISE,TERRANCE A 092467924 $2,852.70 02/01/1998 180
500066990 BUTKO,DAVID BRADLEY 092469591 $2,372.91 02/01/1998 180
500067005 MONTEIRO,DONALD R 092464378 $2,150.81 02/01/1998 180
500067010 LOOMIS,JOHN C 092466886 $3,237.99 02/01/1998 180
500067014 BROUCHARD,GILLES 092467986 $3,476.30 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066879 BERKLEY,JOAN G .00 .00 .00 .000 .150 .250 $700,000.00 N
500066928 PEREZ,CLIFFORD A .00 .00 .00 .000 .150 .250 $438,500.00 N
500066933 WALFORD,ROBERT W .00 .00 .00 .000 .150 .250 $830,000.00 N
500066935 WALLACE,HOWARD C .00 .00 .00 .000 .150 .250 $538,250.00 N
500066958 LIDDLE,WILLIAM T .00 .00 .00 .000 .150 .250 $360,000.00 N
500066965 WELCH,MICHAEL B .00 .00 .00 .000 .150 .250 $470,000.00 N
500066971 CLOUTIER,PAUL .00 .00 .00 .000 .150 .250 $370,000.00 N
500066983 BROWN,ELLSWORTH H .00 .00 .00 .000 .150 .250 $385,000.00 N
500066984 SILVER,RAMON RICHARD .00 .00 .00 .000 .250 .300 $550,000.00 N
500066986 DAUPLAISE,TERRANCE A .00 .00 .00 .000 .250 .300 $437,900.00 N
500066990 BUTKO,DAVID BRADLEY .00 .00 .00 .000 .150 .250 $407,000.00 N
500067005 MONTEIRO,DONALD R .00 .00 .00 .000 .150 .250 $290,000.00 N
500067010 LOOMIS,JOHN C .00 .00 .00 .000 .150 .250 $460,000.00 N
500067014 BROUCHARD,GILLES .00 .00 .00 .000 .250 .300 $649,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 12
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500067017 MENGEL,ARTHUR H 27 SEA SIDE DRIVE SOUTH BETHANY B DE 19930 $239,865.35
500067020 RALLS,DOUGLAS J 9413 SMITHSON LANE BRENTWOOD TN 37027 $249,709.69
500067025 TEMPLE,T JEFFREY 11 BREEZY POINT ROAD ACTON MA 01720 $403,776.85
500067080 MEAD,JAMES M 1823 AVENIDA ALTURAS NE ALBUQUERQUE NM 87110 $299,022.27
500067083 FERNANDEZ,WILFRED P 9720 SW 90 AVENUE MIAMI FL 33176 $353,939.56
500067084 LUDEN,WILLIAM HENRY III 1932 PARKWOOD DRIVE SAN MATEO CA 94403 $304,027.24
500067085 MACKINTOSH,EARL M III 1005 BUCKEYSTOWN PIKE ADAMSTOWN MD 21710 $245,937.10
500067088 MONAHAN,CHRISTOPHER 191 BAYBERRY LANE WESTPORT CT 06880 $350,936.92
500067422 DIBENEDETTO,ANTHONY CLAY PIT ROAD GAY HEAD MA 02535 $430,680.93
500067431 ALVIS,JAMES MICHAEL 1117 MANOR HILL DRIVE NORMAN OK 73072 $620,599.26
500067459 HENSON,LISA 1119 SAN YSIDRO DRIVE BEVERLY HILLS CA 90210 $767,674.50
600056367 KNACK 1935 SAN LU RAE STREET EAST GRAND RAPI MI 49506 $284,739.46
600056369 WITKOWSK 3085 N SOUTHERN HILL DR WAUKEGAN IL 60083 $236,008.85
600056373 LIAO 7315 GREENFIELD STREET RIVER FOREST IL 60305 $292,630.50
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500067017 MENGEL,ARTHUR H 7.375 .150 7.225 .1000 7.125 01/01/2013
500067020 RALLS,DOUGLAS J 7.000 .150 6.850 .1000 6.750 01/01/2013
500067025 TEMPLE,T JEFFREY 7.500 .150 7.350 .1000 7.250 01/01/2013
500067080 MEAD,JAMES M 6.625 .150 6.475 .1000 6.375 01/01/2013
500067083 FERNANDEZ,WILFRED P 7.625 .250 7.375 .0500 7.325 01/01/2013
500067084 LUDEN,WILLIAM HENRY III 6.875 .150 6.725 .1000 6.625 01/01/2013
500067085 MACKINTOSH,EARL M III 6.500 .150 6.350 .1000 6.250 01/01/2013
500067088 MONAHAN,CHRISTOPHER 7.500 .150 7.350 .1000 7.250 01/01/2013
500067422 DIBENEDETTO,ANTHONY 7.375 .150 7.225 .1000 7.125 01/01/2013
500067431 ALVIS,JAMES MICHAEL 7.375 .150 7.225 .1000 7.125 01/01/2013
500067459 HENSON,LISA 7.500 .250 7.250 .0500 7.200 01/01/2013
600056367 KNACK 8.250 .250 8.000 .0500 7.950 11/01/2011
600056369 WITKOWSK 8.250 .250 8.000 .0500 7.950 11/01/2011
600056373 LIAO 7.875 .250 7.625 .0500 7.575 12/01/2011
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500067017 MENGEL,ARTHUR H 092468416 $2,213.34 02/01/1998 180
500067020 RALLS,DOUGLAS J 092469079 $2,251.56 02/01/1998 180
500067025 TEMPLE,T JEFFREY 092470446 $3,754.40 02/01/1998 180
500067080 MEAD,JAMES M 092470607 $2,633.98 02/01/1998 180
500067083 FERNANDEZ,WILFRED P 092471679 $3,316.17 18 02/01/1998 180
500067084 LUDEN,WILLIAM HENRY III 092471856 $2,720.16 02/01/1998 180
500067085 MACKINTOSH,EARL M III 092472060 $2,149.46 02/01/1998 180
500067088 MONAHAN,CHRISTOPHER 092473352 $3,263.08 02/01/1998 180
500067422 DIBENEDETTO,ANTHONY 092470462 $3,974.07 02/01/1998 180
500067431 ALVIS,JAMES MICHAEL 092474826 $5,726.52 02/01/1998 180
500067459 HENSON,LISA 092472078 $7,138.00 02/01/1998 180
600056367 KNACK 0899732 $2,891.02 02/01/1998 180
600056369 WITKOWSK 0902604 $2,396.25 02/01/1998 180
600056373 LIAO 0904847 $3,471.33 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500067017 MENGEL,ARTHUR H .00 .00 .00 .000 .150 .250 $600,000.00 N
500067020 RALLS,DOUGLAS J .00 .00 .00 .000 .150 .250 $445,000.00 N
500067025 TEMPLE,T JEFFREY .00 .00 .00 .000 .150 .250 $590,000.00 N
500067080 MEAD,JAMES M .00 .00 .00 .000 .150 .250 $375,000.00 N
500067083 FERNANDEZ,WILFRED P .00 .00 .00 .000 .250 .300 $435,000.00 N
500067084 LUDEN,WILLIAM HENRY III .00 .00 .00 .000 .150 .250 $435,000.00 N
500067085 MACKINTOSH,EARL M III .00 .00 .00 .000 .150 .250 $418,000.00 N
500067088 MONAHAN,CHRISTOPHER .00 .00 .00 .000 .150 .250 $650,000.00 N
500067422 DIBENEDETTO,ANTHONY .00 .00 .00 .000 .150 .250 $540,000.00 N
500067431 ALVIS,JAMES MICHAEL .00 .00 .00 .000 .150 .250 $835,000.00 N
500067459 HENSON,LISA .00 .00 .00 .000 .250 .300 $1,400,000.00 N
600056367 KNACK .00 .00 .00 .000 .250 .300 $450,000.00 N
600056369 WITKOWSK .00 .00 .00 .000 .250 .300 $345,000.00 N
600056373 LIAO .00 .00 .00 .000 .250 .300 $900,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 13
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600056376 BERGSTEI 455 LONGBOAT CLUB ROAD LONGBOAT KEY FL 34228 $352,172.28
600056377 LLOYD 4002 WOODSTONE WAY LOUISVILLE KY 40241 $523,834.75
600056381 WYMA 449 PRESCOTT WINFIELD IL 60190 $277,617.17
600056383 HUNTER 1360 S W IVANHOE BOULEVAR ORLANDO FL 32804 $290,400.57
600056384 VOM DORP 511 REPOSADO DRIVE LA HABRA CA 90631 $233,764.48
600056385 KADUR 20518 GERMAIN STREET LOS ANGELES CA 91311 $298,258.51
600056387 SLOTTEN 5855 SOUTH SANDHILL ROAD LAS VEGAS NV 89120 $224,895.61
600062492 NOEL 211 STONE VALLEY COURT MARTINEZ CA 94553 $539,762.31
600062531 SHEMIAN 12333 RIDGE CIRCLE, UNIT LOS ANGELES CA 90049 $282,552.68
600062547 SERBER 2651 ANCHOR AVENUE LOS ANGELES CA 90064 $319,640.44
600107237 CRONIN 2 TALLWOOD LANE WEATOGUE CT 06089 $287,630.43
600107238 SOWADA 34 PENINSULA RD DELLWOOD MN 55110 $492,436.60
600107239 BARRETT LOT 34 SPINNAKERS REACH EMERALD ISLE NC 28594 $411,048.61
600107240 BARTON 14952 RED POST CT CENTREVILLE VA 22020 $234,830.05
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600056376 BERGSTEI 7.625 .250 7.375 .0500 7.325 12/01/2011
600056377 LLOYD 7.875 .250 7.625 .0500 7.575 12/01/2011
600056381 WYMA 7.875 .250 7.625 .0500 7.575 12/01/2011
600056383 HUNTER 7.500 .250 7.250 .0500 7.200 12/01/2011
600056384 VOM DORP 7.375 .250 7.125 .0500 7.075 12/01/2011
600056385 KADUR 7.500 .250 7.250 .0500 7.200 12/01/2011
600056387 SLOTTEN 8.375 .250 8.125 .0500 8.075 12/01/2011
600062492 NOEL 7.500 .250 7.250 .0500 7.200 02/01/2012
600062531 SHEMIAN 8.125 .250 7.875 .0500 7.825 07/01/2011
600062547 SERBER 7.375 .250 7.125 .0500 7.075 04/01/2012
600107237 CRONIN 7.750 .250 7.500 .0500 7.450 09/01/2012
600107238 SOWADA 7.625 .250 7.375 .0500 7.325 09/01/2012
600107239 BARRETT 7.625 .250 7.375 .0500 7.325 07/01/2012
600107240 BARTON 7.500 .250 7.250 .0500 7.200 07/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600056376 BERGSTEI 0905246 $3,587.06 02/01/1998 180
600056377 LLOYD 0905354 $5,189.92 02/01/1998 180
600056381 WYMA 0906583 $2,750.50 02/01/1998 180
600056383 HUNTER 0907845 $2,873.73 02/01/1998 180
600056384 VOM DORP 6255394 $2,263.02 02/01/1998 180
600056385 KADUR 6296630 $2,892.28 02/01/1998 180
600056387 SLOTTEN 7202020 $2,292.06 02/01/1998 180
600062492 NOEL 4101903 $5,198.69 02/01/1998 180
600062531 SHEMIAN 3930708 $2,888.65 02/01/1998 180
600062547 SERBER 4136842 $3,035.75 02/01/1998 180
600107237 CRONIN 092481476 $2,748.53 02/01/1998 180
600107238 SOWADA 092481477 $4,670.65 02/01/1998 180
600107239 BARRETT 092481478 $3,923.35 02/01/1998 180
600107240 BARTON 09248164888 $2,224.83 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600056376 BERGSTEI .00 .00 .00 .000 .250 .300 $480,000.00 N
600056377 LLOYD .00 .00 .00 .000 .250 .300 $750,000.00 N
600056381 WYMA .00 .00 .00 .000 .250 .300 $368,000.00 N
600056383 HUNTER .00 .00 .00 .000 .250 .300 $400,000.00 N
600056384 VOM DORP .00 .00 .00 .000 .250 .300 $310,000.00 N
600056385 KADUR .00 .00 .00 .000 .250 .300 $390,000.00 N
600056387 SLOTTEN .00 .00 .00 .000 .250 .300 $335,000.00 N
600062492 NOEL .00 .00 .00 .000 .250 .300 $701,016.00 N
600062531 SHEMIAN .00 .00 .00 .000 .250 .300 $625,000.00 N
600062547 SERBER .00 .00 .00 .000 .250 .300 $675,000.00 N
600107237 CRONIN .00 .00 .00 .000 .250 .300 $365,000.00 N
600107238 SOWADA .00 .00 .00 .000 .250 .300 $720,000.00 N
600107239 BARRETT .00 .00 .00 .000 .250 .300 $628,000.00 N
600107240 BARTON .00 .00 .00 .000 .250 .300 $300,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 14
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107241 ADAMO 159 PINE STREET NEW HYDE PARK NY 11040 $228,711.33
600107242 HERSHNER 445 HIGHCREST WILMETTE IL 60091 $233,740.91
600107243 WILSON 3 WHISPERING OAKS LN RIVER RIDGE LA 70123 $606,926.69
600109306 ARENS 16275 WEBSTER COURT CREDIT RIVER TW MN 55372 $473,784.09
600109307 HALL 2850 FOXFIRE LANE SE ADA MI 49301 $377,785.03
600109308 KLIMEK 22390 W CAMBRIDGE DRIVE KILDEER IL 60047 $260,815.41
600109309 NELSON 116 DEEP FOREST TRAIL DAWSONVILLE GA 30534 $70,571.74
600109310 RICHARDS 8142 WYNRIDGE DRIVE MONTGOMERY AL 36117 $441,149.80
600109311 TOOLE 504 MAPLE AVE RICHMOND VA 23226 $64,241.10
600109312 DADOU 2400 INDIANWOOD ORION TWP MI 48362 $324,050.98
600109313 LAVELLE 570 BRAIRCLIFF HOFFMAN ESTATES IL 60195 $94,442.71
600109315 BRAXTON 3647 WHITE EAGLE DR NAPERVILLE IL 60564 $483,492.34
600109316 LAURIA 1222 ADMIRALTY BLVD ROCKLEDGE FL 32955 $56,447.76
600109317 BURNS 4033 VANCE ROAD URBANA OH 43078 $72,980.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107241 ADAMO 7.500 .250 7.250 .0500 7.200 08/01/2012
600107242 HERSHNER 7.250 .250 7.000 .0500 6.950 07/01/2012
600107243 WILSON 7.750 .250 7.500 .0500 7.450 07/01/2012
600109306 ARENS 7.750 .250 7.500 .0500 7.450 07/01/2012
600109307 HALL 7.375 .250 7.125 .0500 7.075 10/01/2012
600109308 KLIMEK 7.625 .250 7.375 .0500 7.325 10/01/2012
600109309 NELSON 7.875 .250 7.625 .0500 7.575 11/01/2012
600109310 RICHARDS 7.500 .250 7.250 .0500 7.200 09/01/2012
600109311 TOOLE 8.000 .250 7.750 .0500 7.700 10/01/2012
600109312 DADOU 7.625 .250 7.375 .0500 7.325 11/01/2012
600109313 LAVELLE 8.500 .250 8.250 .0500 8.200 09/01/2012
600109315 BRAXTON 7.500 .250 7.250 .0500 7.200 09/01/2012
600109316 LAURIA 8.250 .250 8.000 .0500 7.950 10/01/2012
600109317 BURNS 8.625 .250 8.375 .0500 8.325 10/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107241 ADAMO 092481673 $2,159.94 02/01/1998 180
600107242 HERSHNER 092481479 $2,181.75 02/01/1998 180
600107243 WILSON 092481480 $5,835.91 02/01/1998 180
600109306 ARENS 0904563 $4,585.90 02/01/1998 180
600109307 HALL 0927468 $3,518.71 02/01/1998 180
600109308 KLIMEK 0932220 $2,466.10 02/01/1998 180
600109309 NELSON 0932683 $675.30 02/01/1998 180
600109310 RICHARDS 0935342 $4,153.02 02/01/1998 180
600109311 TOOLE 0937524 $621.17 02/01/1998 180
600109312 DADOU 0937572 $3,054.60 02/01/1998 180
600109313 LAVELLE 0938167 $963.57 02/01/1998 180
600109315 BRAXTON 0940904 $4,551.63 02/01/1998 180
600109316 LAURIA 0943277 $553.95 02/01/1998 180
600109317 BURNS 0944522 $734.14 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107241 ADAMO .00 .00 .00 .000 .250 .300 $335,000.00 N
600107242 HERSHNER .00 .00 .00 .000 .250 .300 $330,000.00 N
600107243 WILSON .00 .00 .00 .000 .250 .300 $785,000.00 N
600109306 ARENS .00 .00 .00 .000 .250 .300 $660,000.00 N
600109307 HALL .00 .00 .00 .000 .250 .300 $510,000.00 N
600109308 KLIMEK .00 .00 .00 .000 .250 .300 $368,000.00 N
600109309 NELSON .00 .00 .00 .000 .250 .300 $89,000.00 N
600109310 RICHARDS .00 .00 .00 .000 .250 .300 $575,000.00 N
600109311 TOOLE .00 .00 .00 .000 .250 .300 $100,000.00 N
600109312 DADOU .00 .00 .00 .000 .250 .300 $440,000.00 N
600109313 LAVELLE .00 .00 .00 .000 .250 .300 $132,000.00 N
600109315 BRAXTON .00 .00 .00 .000 .250 .300 $670,000.00 N
600109316 LAURIA .00 .00 .00 .000 .250 .300 $85,000.00 N
600109317 BURNS .00 .00 .00 .000 .250 .300 $92,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 15
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600109318 SHERWANI 2802 WHITMAN DRIVE MONTGOMERY TX 77356 $86,106.19
600109320 KOSTAS 3108 LACONIA LANE AURORA IL 60504 $81,352.96
600109322 ALBERTIN 2950 STOVER TRAIL BUCKINGHAM TOWN PA 18901 $280,234.65
600109326 WIDMAR 10028 CARIBOU DRIVE EL PASO TX 79924 $97,677.42
600109329 DAY 531 CHERRY STONE CT MIAMISBURG OH 45342 $91,265.13
600109330 CURCIO 60 OLD NUGENT FARM RD GLOUCHESTER MA 01930 $269,546.99
600109332 VANDERWO 556 WEST 27TH STREET HOLLAND MI 49423 $247,720.72
600109333 KIM 6611 ROSE HEDGE LONG GROVE IL 60047 $396,313.36
600109334 RIEDEL 420 1/2 N BURNETT RD SPRINGFIELD OH 45505 $48,360.63
600109335 ORDONEZ 63 HIGH NOON ROAD WESTON CT 06883 $273,297.05
600109338 YOUNG 1256 JOHNSON AVENUE MACON GA 31201 $69,589.59
600109339 HOLLKAMP 1103 ASH STREET LOUISVILLE KY 40217 $44,398.27
600109340 HOLLKAMP 1021 DIXON LOUISVILLE KY 40217 $45,622.83
600109341 BELL 971 HIGHWAY 165 FORT MITCHELL AL 36856 $67,477.91
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600109318 SHERWANI 7.875 .250 7.625 .0500 7.575 09/01/2012
600109320 KOSTAS 7.875 .250 7.625 .0500 7.575 11/01/2012
600109322 ALBERTIN 7.125 .250 6.875 .0500 6.825 12/01/2012
600109326 WIDMAR 8.500 .250 8.250 .0500 8.200 11/01/2012
600109329 DAY 9.000 .250 8.750 .0500 8.700 11/01/2012
600109330 CURCIO 7.625 .250 7.375 .0500 7.325 11/01/2012
600109332 VANDERWO 7.500 .250 7.250 .0500 7.200 11/01/2012
600109333 KIM 7.375 .250 7.125 .0500 7.075 11/01/2012
600109334 RIEDEL 9.000 .250 8.750 .0500 8.700 11/01/2012
600109335 ORDONEZ 7.250 .250 7.000 .0500 6.950 12/01/2012
600109338 YOUNG 7.875 .250 7.625 .0500 7.575 12/01/2012
600109339 HOLLKAMP 8.500 .250 8.250 .0500 8.200 10/01/2012
600109340 HOLLKAMP 8.250 .250 8.000 .0500 7.950 10/01/2012
600109341 BELL 7.625 .250 7.375 .0500 7.325 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600109318 SHERWANI 0945220 $828.95 02/01/1998 180
600109320 KOSTAS 0945311 $780.57 02/01/1998 180
600109322 ALBERTIN 0946949 $2,554.44 02/01/1998 180
600109326 WIDMAR 0947011 $969.97 02/01/1998 180
600109329 DAY 0948032 $933.13 02/01/1998 180
600109330 CURCIO 0948394 $2,540.83 02/01/1998 180
600109332 VANDERWO 0948654 $2,317.53 02/01/1998 180
600109333 KIM 0948889 $3,679.69 02/01/1998 180
600109334 RIEDEL 0949063 $494.45 02/01/1998 180
600109335 ORDONEZ 0949261 $2,510.37 02/01/1998 180
600109338 YOUNG 0949988 $663.91 02/01/1998 180
600109339 HOLLKAMP 0950054 $442.15 02/01/1998 180
600109340 HOLLKAMP 0950055 $447.72 02/01/1998 180
600109341 BELL 0950158 $636.07 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600109318 SHERWANI .00 .00 .00 .000 .250 .300 $125,000.00 N
600109320 KOSTAS .00 .00 .00 .000 .250 .300 $165,000.00 N
600109322 ALBERTIN .00 .00 .00 .000 .250 .300 $565,500.00 N
600109326 WIDMAR .00 .00 .00 .000 .250 .300 $150,000.00 N
600109329 DAY .00 .00 .00 .000 .250 .300 $115,000.00 N
600109330 CURCIO .00 .00 .00 .000 .250 .300 $340,000.00 N
600109332 VANDERWO .00 .00 .00 .000 .250 .300 $450,000.00 N
600109333 KIM .00 .00 .00 .000 .250 .300 $564,500.00 N
600109334 RIEDEL .00 .00 .00 .000 .250 .300 $65,000.00 N
600109335 ORDONEZ .00 .00 .00 .000 .250 .300 $395,000.00 N
600109338 YOUNG .00 .00 .00 .000 .250 .300 $115,000.00 N
600109339 HOLLKAMP .00 .00 .00 .000 .250 .300 $69,000.00 N
600109340 HOLLKAMP .00 .00 .00 .000 .250 .300 $70,000.00 N
600109341 BELL .00 .00 .00 .000 .250 .300 $97,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 16
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600109344 SUDELA 3730 BELLEFONTAINE HOUSTON TX 77025 $285,316.70
600109345 SCHUMACH 2585 SHADLOW TRAIL SE ADA MI 49301 $322,527.66
600109346 PERKINS 1991 KISER ROAD MIDDLEVILLE MI 49333 $233,576.10
600109347 COMBS 1313 TRILLIUM TRAIL NE GRAND RAPIDS MI 49546 $312,554.22
600109348 JACKSON 9574 100TH ST SE ALTO MI 49302 $269,598.20
600109349 WILLIAMS 218 PINE HOLLOW LANE HOUSTON TX 77056 $376,355.91
600109352 POTASZ 6815 N NORTHWEST HIGHWAY CHICAGO IL 60631 $55,532.36
600109354 MCAULIFF 6911 LAKESHORE DRIVE DOUGLASVILLE GA 30135 $53,919.99
600109356 PICONE 467 SAGAMORE RD HAMILTON MA 01982 $458,153.93
600109359 JONES 9815 LEONARD ROAD COOPERSVILLE MI 49404 $75,554.40
600109360 BOLES 109 LAND GRANT DRIVE SIMPSONVILLE SC 29681 $318,967.36
600109363 SHRIVER 1818 S FOURTH PLACE ST CHARLES IL 60174 $64,445.06
600109364 ZHANG 10838 TAVERNAY PARKWAY CHARLOTTE NC 28262 $235,312.18
600109365 DIXON 1950 DR. BRAMBLETT ROAD CUMMING GA 30040 $59,476.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600109344 SUDELA 7.250 .250 7.000 .0500 6.950 11/01/2012
600109345 SCHUMACH 7.500 .250 7.250 .0500 7.200 12/01/2012
600109346 PERKINS 7.500 .250 7.250 .0500 7.200 12/01/2012
600109347 COMBS 7.500 .250 7.250 .0500 7.200 11/01/2012
600109348 JACKSON 7.875 .250 7.625 .0500 7.575 11/01/2012
600109349 WILLIAMS 7.500 .250 7.250 .0500 7.200 11/01/2012
600109352 POTASZ 8.500 .250 8.250 .0500 8.200 11/01/2012
600109354 MCAULIFF 7.875 .250 7.625 .0500 7.575 11/01/2012
600109356 PICONE 7.500 .250 7.250 .0500 7.200 11/01/2012
600109359 JONES 7.875 .250 7.625 .0500 7.575 12/01/2012
600109360 BOLES 7.125 .250 6.875 .0500 6.825 11/01/2012
600109363 SHRIVER 8.250 .250 8.000 .0500 7.950 11/01/2012
600109364 ZHANG 7.875 .250 7.625 .0500 7.575 12/01/2012
600109365 DIXON 8.000 .250 7.750 .0500 7.700 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600109344 SUDELA 0950508 $2,629.05 2 02/01/1998 180
600109345 SCHUMACH 0950709 $3,012.79 02/01/1998 180
600109346 PERKINS 0950753 $2,178.48 02/01/1998 180
600109347 COMBS 0951071 $2,957.17 02/01/1998 180
600109348 JACKSON 0951414 $2,579.79 02/01/1998 180
600109349 WILLIAMS 0951525 $3,522.65 02/01/1998 180
600109352 POTASZ 0951634 $551.45 02/01/1998 180
600109354 MCAULIFF 0951741 $515.96 02/01/1998 180
600109356 PICONE 0952996 $4,287.43 02/01/1998 180
600109359 JONES 0953149 $720.82 02/01/1998 180
600109360 BOLES 0953474 $2,916.78 02/01/1998 180
600109363 SHRIVER 0954938 $630.59 02/01/1998 180
600109364 ZHANG 0955098 $2,244.98 02/01/1998 180
600109365 DIXON 0955103 $573.39 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600109344 SUDELA .00 .00 .00 .000 .250 .300 $320,000.00 N
600109345 SCHUMACH .00 .00 .00 .000 .250 .300 $470,000.00 N
600109346 PERKINS .00 .00 .00 .000 .250 .300 $400,000.00 N
600109347 COMBS .00 .00 .00 .000 .250 .300 $540,000.00 N
600109348 JACKSON .00 .00 .00 .000 .250 .300 $434,000.00 N
600109349 WILLIAMS .00 .00 .00 .000 .250 .300 $475,000.00 N
600109352 POTASZ .00 .00 .00 .000 .250 .300 $70,000.00 N
600109354 MCAULIFF .00 .00 .00 .000 .250 .300 $68,000.00 N
600109356 PICONE .00 .00 .00 .000 .250 .300 $840,000.00 N
600109359 JONES .00 .00 .00 .000 .250 .300 $106,000.00 N
600109360 BOLES .00 .00 .00 .000 .250 .300 $429,330.00 N
600109363 SHRIVER .00 .00 .00 .000 .250 .300 $117,000.00 N
600109364 ZHANG .00 .00 .00 .000 .250 .300 $295,900.00 N
600109365 DIXON .00 .00 .00 .000 .250 .300 $100,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 17
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600109366 POPE 113 BRISTOL LANE BIRMINGHAM AL 35242 $266,496.39
600109368 SHARIFI 3727 TYNEMOORE TRACE SMYRNA GA 30080 $244,971.20
600109369 SMITH 4422 E. DUDLEY INDIANAPOLIS IN 46237 $49,419.54
600109370 CASSIDY 90-92 KELSO COLUMBUS OH 43202 $85,313.07
600109373 HICKERSO 16042 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109374 HICKERSO 16044 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109375 HICKERSO 16046 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $43,607.50
600109377 HICKERSO 16050 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109379 HICKERSO 16104 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109380 HICKERSO 16108 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109381 HICKERSO 16112 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109382 HICKERSO 16100 STONEHAM CIRCLE PFLUGERVILLE TX 78660 $44,598.58
600109383 BONNETTE 21740 CAROL STREET NEW CANEY TX 77357 $43,258.68
600109386 YOUNGBER 442 MILFORD AVE MARYSVILLE OH 43040 $43,755.90
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600109366 POPE 6.375 .250 6.125 .0500 6.075 11/01/2012
600109368 SHARIFI 7.375 .250 7.125 .0500 7.075 11/01/2012
600109369 SMITH 7.625 .250 7.375 .0500 7.325 11/01/2012
600109370 CASSIDY 9.000 .250 8.750 .0500 8.700 11/01/2012
600109373 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109374 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109375 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109377 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109379 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109380 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109381 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109382 HICKERSO 7.750 .250 7.500 .0500 7.450 11/01/2012
600109383 BONNETTE 8.500 .250 8.250 .0500 8.200 12/01/2012
600109386 YOUNGBER 8.500 .250 8.250 .0500 8.200 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600109366 POPE 0955162 $2,326.56 02/01/1998 180
600109368 SHARIFI 0955291 $2,274.51 02/01/1998 180
600109369 SMITH 0955519 $471.74 02/01/1998 180
600109370 CASSIDY 0955557 $872.27 02/01/1998 180
600109373 HICKERSO 0956323 $423.57 02/01/1998 180
600109374 HICKERSO 0956324 $423.57 02/01/1998 180
600109375 HICKERSO 0956325 $414.16 02/01/1998 180
600109377 HICKERSO 0956327 $423.57 02/01/1998 180
600109379 HICKERSO 0956329 $423.57 02/01/1998 180
600109380 HICKERSO 0956330 $423.57 02/01/1998 180
600109381 HICKERSO 0956331 $423.57 02/01/1998 180
600109382 HICKERSO 0956332 $423.57 02/01/1998 180
600109383 BONNETTE 0956338 $428.36 02/01/1998 180
600109386 YOUNGBER 0959366 $433.29 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600109366 POPE .00 .00 .00 .000 .250 .300 $336,500.00 N
600109368 SHARIFI .00 .00 .00 .000 .250 .300 $309,115.00 N
600109369 SMITH .00 .00 .00 .000 .250 .300 $98,000.00 N
600109370 CASSIDY .00 .00 .00 .000 .250 .300 $123,000.00 N
600109373 HICKERSO .00 .00 .00 .000 .250 .300 $62,000.00 N
600109374 HICKERSO .00 .00 .00 .000 .250 .300 $61,500.00 N
600109375 HICKERSO .00 .00 .00 .000 .250 .300 $59,500.00 N
600109377 HICKERSO .00 .00 .00 .000 .250 .300 $61,500.00 N
600109379 HICKERSO .00 .00 .00 .000 .250 .300 $63,500.00 N
600109380 HICKERSO .00 .00 .00 .000 .250 .300 $61,500.00 N
600109381 HICKERSO .00 .00 .00 .000 .250 .300 $60,000.00 N
600109382 HICKERSO .00 .00 .00 .000 .250 .300 $60,000.00 N
600109383 BONNETTE .00 .00 .00 .000 .250 .300 $58,000.00 N
600109386 YOUNGBER .00 .00 .00 .000 .250 .300 $55,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 18
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600109388 BECKMAN 389 SHOREHAM CIRCLE CASTLE ROCK CO 80104 $256,094.89
600109390 BELLAPRA 14412 N 15TH DRIVE PHOENIX AZ 85023 $644,201.59
600109391 SAUNDERS 30600 N PIMA ROAD SCOTTSDALE AZ 85262 $266,398.84
600109393 KURGIS 822 MILL ST SAN LUIS OBISPO CA 93401 $330,061.72
600109394 HOPE 7475 LINCOLN AVENUE HESPERIA CA 92345 $66,580.39
600109396 COLLINS 208 7TH STREET GLENDALE OR 97442 $78,406.00
600109397 DELGADO 3315 EAST CAMBRIDGE AVENU PHOENIX AZ 85008 $51,603.14
600109401 SHINYEDA 2001 EAST CAROLINE LANE TEMPE AZ 85284 $443,338.63
600109402 TOFFOL 9972 EAST MISSION LANE SCOTTSDALE AZ 85258 $344,762.52
600109403 HOLMAN 2978 EAST WILLOW CREEK DR SANDY UT 84093 $341,785.65
600115709 PARR, PHILIP 1107 JUNIPER AV BOULDER CO 80304 $262,260.35
600115713 GATTI, PETER 6650 MANCHESTER CUMMING GA 30040 $253,491.82
600115716 PATEL, RAMESHCHANDRA 12 NORTHRIDGE L LAFAYETTE CA 94549 $396,150.78
600115719 BALTAZAR, ROMEO 6222 MEADOW ROA DALLAS TX 75230 $446,809.52
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600109388 BECKMAN 7.750 .250 7.500 .0500 7.450 11/01/2012
600109390 BELLAPRA 7.750 .250 7.500 .0500 7.450 11/01/2012
600109391 SAUNDERS 7.500 .250 7.250 .0500 7.200 11/01/2012
600109393 KURGIS 7.875 .250 7.625 .0500 7.575 11/01/2012
600109394 HOPE 8.875 .250 8.625 .0500 8.575 11/01/2012
600109396 COLLINS 7.625 .250 7.375 .0500 7.325 11/01/2012
600109397 DELGADO 8.500 .250 8.250 .0500 8.200 06/01/2012
600109401 SHINYEDA 7.875 .250 7.625 .0500 7.575 09/01/2012
600109402 TOFFOL 7.750 .250 7.500 .0500 7.450 09/01/2012
600109403 HOLMAN 7.250 .250 7.000 .0500 6.950 11/01/2012
600115709 PARR, PHILIP 7.375 .250 7.125 .0500 7.075 11/01/2012
600115713 GATTI, PETER 7.625 .250 7.375 .0500 7.325 11/01/2012
600115716 PATEL, RAMESHCHANDRA 6.875 .250 6.625 .0500 6.575 11/01/2012
600115719 BALTAZAR, ROMEO 7.000 .250 6.750 .0500 6.700 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600109388 BECKMAN 6212863 $2,432.26 02/01/1998 180
600109390 BELLAPRA 6212884 $6,118.29 02/01/1998 180
600109391 SAUNDERS 6212933 $2,492.28 02/01/1998 180
600109393 KURGIS 6216232 $3,158.34 02/01/1998 180
600109394 HOPE 6217565 $679.62 02/01/1998 180
600109396 COLLINS 6221945 $740.77 02/01/1998 180
600109397 DELGADO 6235588 $519.94 02/01/1998 180
600109401 SHINYEDA 6312199 $4,268.03 02/01/1998 180
600109402 TOFFOL 6312239 $3,294.47 02/01/1998 180
600109403 HOLMAN 7158388 $3,149.38 02/01/1998 180
600115709 PARR, PHILIP 1201433 $2,435.04 02/01/1998 180
600115713 GATTI, PETER 1236587 $2,391.37 02/01/1998 180
600115716 PATEL, RAMESHCHANDRA 1246586 $3,567.42 02/01/1998 180
600115719 BALTAZAR, ROMEO 1247527 $4,055.06 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600109388 BECKMAN .00 .00 .00 .000 .250 .300 $323,000.00 N
600109390 BELLAPRA .00 .00 .00 .000 .250 .300 $1,650,000.00 N
600109391 SAUNDERS .00 .00 .00 .000 .250 .300 $495,000.00 N
600109393 KURGIS .00 .00 .00 .000 .250 .300 $510,000.00 N
600109394 HOPE .00 .00 .00 .000 .250 .300 $90,000.00 N
600109396 COLLINS .00 .00 .00 .000 .250 .300 $106,500.00 N
600109397 DELGADO .00 .00 .00 .000 .250 .300 $66,000.00 N
600109401 SHINYEDA .00 .00 .00 .000 .250 .300 $600,000.00 N
600109402 TOFFOL .00 .00 .00 .000 .250 .300 $495,000.00 N
600109403 HOLMAN .00 .00 .00 .000 .250 .300 $465,000.00 N
600115709 PARR, PHILIP .00 .00 .00 .000 .250 .300 $332,000.00 N
600115713 GATTI, PETER .00 .00 .00 .000 .250 .300 $320,000.00 N
600115716 PATEL, RAMESHCHANDRA .00 .00 .00 .000 .250 .300 $930,000.00 N
600115719 BALTAZAR, ROMEO .00 .00 .00 .000 .250 .300 $900,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 19
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115720 SZE, JOHN 11874 BROOKGLEN SARATOGA CA 95070 $247,769.83
600115722 TIEN, DAVID 978 SANDALRIDGE MILPITAS CA 95035 $252,774.50
600115725 BUCCIGROSSI, DAVID 4561 CAMPOBELLO SAN DIEGO CA 92130 $350,445.67
600115728 LEVIN, EDWARD 785 WESLEY OAK ATLANTA GA 30328 $262,365.16
600115729 CHEN, PAUL 11856 WOODHILL CUPERTINO CA 95014 $329,468.55
600115730 DEVINE JR, JOHN 54 GUERRERO AVE HALF MOON BAY CA 94019 $458,686.24
600115731 MA, PEI-CHIANG 775 PEEKSKILL D SUNNYVALE CA 94087 $343,870.60
600115735 BASS, KATHY 64 GLEN LOCH CO SUGARLAND TX 77479 $259,464.58
600115737 CHAPPARONE, ANTHONY 14257 PALISADES POWAY CA 92064 $373,438.69
600115738 DELVECCHIO JR, PHILIP 3113 MARLIN DRI LONGMONT CO 80503 $227,810.35
600115739 WONG, BILL 13076 GLEN BRAE SARATOGA CA 95070 $562,764.97
600115740 TENNETI, RAMAN 1040 RILMA LANE LOS ALTOS CA 94022 $298,162.33
600115742 MERCOLA, DAN 17565 RANCHO DE RANCHO SANTE FE CA 92067 $341,359.15
600115743 BELL, ROBERT 3660 DOVE HOLLO ENCINITAS CA 92024 $424,989.66
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115720 SZE, JOHN 7.750 .250 7.500 .0500 7.450 11/01/2012
600115722 TIEN, DAVID 8.000 .250 7.750 .0500 7.700 11/01/2012
600115725 BUCCIGROSSI, DAVID 7.750 .250 7.500 .0500 7.450 11/01/2012
600115728 LEVIN, EDWARD 7.250 .250 7.000 .0500 6.950 12/01/2012
600115729 CHEN, PAUL 7.500 .250 7.250 .0500 7.200 11/01/2012
600115730 DEVINE JR, JOHN 7.250 .250 7.000 .0500 6.950 11/01/2012
600115731 MA, PEI-CHIANG 7.625 .250 7.375 .0500 7.325 11/01/2012
600115735 BASS, KATHY 7.750 .250 7.500 .0500 7.450 11/01/2012
600115737 CHAPPARONE, ANTHONY 7.750 .250 7.500 .0500 7.450 11/01/2012
600115738 DELVECCHIO JR, PHILIP 7.000 .250 6.750 .0500 6.700 11/01/2012
600115739 WONG, BILL 7.375 .250 7.125 .0500 7.075 11/01/2012
600115740 TENNETI, RAMAN 7.375 .250 7.125 .0500 7.075 12/01/2012
600115742 MERCOLA, DAN 7.500 .250 7.250 .0500 7.200 11/01/2012
600115743 BELL, ROBERT 7.500 .250 7.250 .0500 7.200 11/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115720 SZE, JOHN 1247774 $2,353.19 02/01/1998 180
600115722 TIEN, DAVID 1247808 $2,436.91 02/01/1998 180
600115725 BUCCIGROSSI, DAVID 1249903 $3,328.35 02/01/1998 180
600115728 LEVIN, EDWARD 1250893 $2,409.96 02/01/1998 180
600115729 CHEN, PAUL 1251081 $3,082.32 02/01/1998 180
600115730 DEVINE JR, JOHN 1253228 $4,226.56 02/01/1998 180
600115731 MA, PEI-CHIANG 1253350 $3,241.43 02/01/1998 180
600115735 BASS, KATHY 1254036 $2,464.26 02/01/1998 180
600115737 CHAPPARONE, ANTHONY 1254622 $3,546.73 02/01/1998 180
600115738 DELVECCHIO JR, PHILIP 1255397 $2,067.31 02/01/1998 180
600115739 WONG, BILL 1255553 $5,225.16 02/01/1998 180
600115740 TENNETI, RAMAN 1255629 $2,759.77 02/01/1998 180
600115742 MERCOLA, DAN 1256197 $3,193.56 02/01/1998 180
600115743 BELL, ROBERT 1256338 $3,975.96 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115720 SZE, JOHN .00 .00 .00 .000 .250 .300 $485,000.00 N
600115722 TIEN, DAVID .00 .00 .00 .000 .250 .300 $355,000.00 N
600115725 BUCCIGROSSI, DAVID .00 .00 .00 .000 .250 .300 $442,000.00 N
600115728 LEVIN, EDWARD .00 .00 .00 .000 .250 .300 $505,000.00 N
600115729 CHEN, PAUL .00 .00 .00 .000 .250 .300 $650,000.00 N
600115730 DEVINE JR, JOHN .00 .00 .00 .000 .250 .300 $925,000.00 N
600115731 MA, PEI-CHIANG .00 .00 .00 .000 .250 .300 $550,000.00 N
600115735 BASS, KATHY .00 .00 .00 .000 .250 .300 $349,130.00 N
600115737 CHAPPARONE, ANTHONY .00 .00 .00 .000 .250 .300 $575,000.00 N
600115738 DELVECCHIO JR, PHILIP .00 .00 .00 .000 .250 .300 $405,000.00 N
600115739 WONG, BILL .00 .00 .00 .000 .250 .300 $718,000.00 N
600115740 TENNETI, RAMAN .00 .00 .00 .000 .250 .300 $640,000.00 N
600115742 MERCOLA, DAN .00 .00 .00 .000 .250 .300 $630,000.00 N
600115743 BELL, ROBERT .00 .00 .00 .000 .250 .300 $850,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 20
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115744 GAITONDE, SUNIL 7527 DUMAS DRIV CUPERTINO CA 95014 $360,800.55
600115745 CHANG, CHEIN-LING 19240 KERWIN RA SARATOGA CA 95070 $495,391.68
600115746 MUNTZ, DANIEL 10301 VICKSBURG CUPERTINO CA 95014 $356,150.56
600115747 GOLIC, MICHAEL 12110 EAST GOLD SCOTTSDALE AZ 85259 $350,666.00
600115748 TSAI, CHAU-CHAD 12090 INGRID CO SARATOGA CA 95070 $333,993.75
600115749 HOU, CHIH 1363 SUZANNE CO SAN JOSE CA 95129 $346,412.64
600115750 TE, SIN 1189 MOUNTAIN Q SAN JOSE CA 95120 $259,089.86
600115751 HWANG, ANDY 1183 PHELPS AVE SAN JOSE CA 95117 $267,511.52
600115752 LO, SHENG-PING 19311 PORTOS CO SARATOGA CA 95070 $359,654.38
600115753 YU, TSUNGHSI 1410 BROOK GLEN SAN JOSE CA 95129 $234,815.66
600115754 BAQAI, BADAR 70 LIMA TERRACE FREMONT CA 94539 $335,580.05
600115755 MONDO, HERMAN 201 KALKAR DRIV SANTA CRUZ CA 95060 $321,013.82
600115756 CHONG, CREIGHTON 47350 GALINDO D FREMONT CA 94539 $464,642.90
600115757 HO, KUOBIN 127 OLD GLORY C ALAMEDA CA 94539 $306,928.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115744 GAITONDE, SUNIL 7.500 .250 7.250 .0500 7.200 12/01/2012
600115745 CHANG, CHEIN-LING 7.375 .250 7.125 .0500 7.075 11/01/2012
600115746 MUNTZ, DANIEL 7.250 .250 7.000 .0500 6.950 11/01/2012
600115747 GOLIC, MICHAEL 7.125 .250 6.875 .0500 6.825 11/01/2012
600115748 TSAI, CHAU-CHAD 7.750 .250 7.500 .0500 7.450 11/01/2012
600115749 HOU, CHIH 7.500 .250 7.250 .0500 7.200 11/01/2012
600115750 TE, SIN 7.375 .250 7.125 .0500 7.075 11/01/2012
600115751 HWANG, ANDY 7.375 .250 7.125 .0500 7.075 11/01/2012
600115752 LO, SHENG-PING 7.375 .250 7.125 .0500 7.075 11/01/2012
600115753 YU, TSUNGHSI 7.375 .250 7.125 .0500 7.075 11/01/2012
600115754 BAQAI, BADAR 7.500 .250 7.250 .0500 7.200 12/01/2012
600115755 MONDO, HERMAN 7.375 .250 7.125 .0500 7.075 11/01/2012
600115756 CHONG, CREIGHTON 7.500 .250 7.250 .0500 7.200 11/01/2012
600115757 HO, KUOBIN 7.500 .250 7.250 .0500 7.200 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115744 GAITONDE, SUNIL 1256387 $3,365.05 02/01/1998 180
600115745 CHANG, CHEIN-LING 1256478 $4,599.62 02/01/1998 180
600115746 MUNTZ, DANIEL 1256494 $3,281.74 02/01/1998 180
600115747 GOLIC, MICHAEL 1257104 $3,206.64 02/01/1998 180
600115748 TSAI, CHAU-CHAD 1257294 $3,172.10 02/01/1998 180
600115749 HOU, CHIH 1257310 $3,240.84 02/01/1998 180
600115750 TE, SIN 1257344 $2,405.60 02/01/1998 180
600115751 HWANG, ANDY 1257351 $2,483.79 02/01/1998 180
600115752 LO, SHENG-PING 1257385 $3,339.32 02/01/1998 180
600115753 YU, TSUNGHSI 1258367 $2,180.22 02/01/1998 180
600115754 BAQAI, BADAR 1258607 $3,142.57 02/01/1998 180
600115755 MONDO, HERMAN 1259258 $2,980.55 02/01/1998 180
600115756 CHONG, CREIGHTON 1259803 $4,347.69 02/01/1998 180
600115757 HO, KUOBIN 1260223 $2,862.61 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115744 GAITONDE, SUNIL .00 .00 .00 .000 .250 .300 $500,000.00 N
600115745 CHANG, CHEIN-LING .00 .00 .00 .000 .250 .300 $1,468,500.00 N
600115746 MUNTZ, DANIEL .00 .00 .00 .000 .250 .300 $460,000.00 N
600115747 GOLIC, MICHAEL .00 .00 .00 .000 .250 .300 $575,000.00 N
600115748 TSAI, CHAU-CHAD .00 .00 .00 .000 .250 .300 $620,000.00 N
600115749 HOU, CHIH .00 .00 .00 .000 .250 .300 $437,000.00 N
600115750 TE, SIN .00 .00 .00 .000 .250 .300 $450,000.00 N
600115751 HWANG, ANDY .00 .00 .00 .000 .250 .300 $445,000.00 N
600115752 LO, SHENG-PING .00 .00 .00 .000 .250 .300 $655,000.00 N
600115753 YU, TSUNGHSI .00 .00 .00 .000 .250 .300 $430,000.00 N
600115754 BAQAI, BADAR .00 .00 .00 .000 .250 .300 $590,000.00 N
600115755 MONDO, HERMAN .00 .00 .00 .000 .250 .300 $425,000.00 N
600115756 CHONG, CREIGHTON .00 .00 .00 .000 .250 .300 $791,500.00 N
600115757 HO, KUOBIN .00 .00 .00 .000 .250 .300 $515,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 21
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115760 CHIONG, DOMINIC 5196 APENNINES SAN JOSE CA 95138 $346,843.56
600115762 FAN, CHIACHU 20821 SCOFIELD CUPERTINO CA 95014 $361,122.66
600115764 PUDGIL, DAVID 29583 CEDAR TRA VALLEY CENTER CA 92082 $257,972.29
600115766 MORINE, RANDY 1807 MOUNT LARS AUSTIN TX 78746 $397,654.73
600115770 HERRMANN, CONRAD 344 OCCIDENTAL BURLINGAME CA 94010 $395,091.51
600115771 LU, HSUEH CHUNG 882 GLENVIEW CO MILPITAS CA 95035 $326,587.13
600115773 LU, DA 1172 ELMSFORD D CUPERTINO CA 95014 $263,387.08
600115775 LIU, CHUANG- 6489 GRAYSTONE SAN JOSE CA 95120 $314,479.26
600115777 BENNETT, SUSAN 1002 BAJADA GRA SANTA BARBARA CA 93109 $259,418.57
600117667 NORA,MATHEW 220 S. WIOLA LA GRANGE IL 60525 $439,116.22
600117668 SYLVESTER,JOHN E 7312 172ND ST EDMONDS WA 98026 $425,394.45
600117669 HUFFERT,ROBERT V 27 COLONY RD DAIEN CT 06820 $246,931.32
600117670 MOORE,DOUGLAS M 38654 CEDARBROOK CT FARMINGTON HILL MI 48331 $271,224.44
600117671 KOEHLER,GERALD R N25 W30888 OVERLOOK CT PEWAUKEE WI 53072 $288,774.01
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115760 CHIONG, DOMINIC 7.625 .250 7.375 .0500 7.325 11/01/2012
600115762 FAN, CHIACHU 7.625 .250 7.375 .0500 7.325 12/01/2012
600115764 PUDGIL, DAVID 7.875 .250 7.625 .0500 7.575 12/01/2012
600115766 MORINE, RANDY 7.875 .250 7.625 .0500 7.575 12/01/2012
600115770 HERRMANN, CONRAD 7.500 .250 7.250 .0500 7.200 12/01/2012
600115771 LU, HSUEH CHUNG 7.375 .250 7.125 .0500 7.075 12/01/2012
600115773 LU, DA 7.625 .250 7.375 .0500 7.325 12/01/2012
600115775 LIU, CHUANG- 7.500 .250 7.250 .0500 7.200 12/01/2012
600115777 BENNETT, SUSAN 7.500 .250 7.250 .0500 7.200 12/01/2012
600117667 NORA,MATHEW 7.625 .250 7.375 .0500 7.325 09/01/2012
600117668 SYLVESTER,JOHN E 7.500 .250 7.250 .0500 7.200 09/01/2012
600117669 HUFFERT,ROBERT V 7.500 .250 7.250 .0500 7.200 10/01/2012
600117670 MOORE,DOUGLAS M 7.750 .250 7.500 .0500 7.450 10/01/2012
600117671 KOEHLER,GERALD R 7.625 .250 7.375 .0500 7.325 10/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115760 CHIONG, DOMINIC 1262088 $3,269.45 02/01/1998 180
600115762 FAN, CHIACHU 1262906 $3,393.69 02/01/1998 180
600115764 PUDGIL, DAVID 1264696 $2,465.97 02/01/1998 180
600115766 MORINE, RANDY 1265305 $3,793.80 02/01/1998 180
600115770 HERRMANN, CONRAD 1268465 $3,684.87 02/01/1998 180
600115771 LU, HSUEH CHUNG 1269273 $3,022.87 02/01/1998 180
600115773 LU, DA 1269588 $2,475.44 02/01/1998 180
600115775 LIU, CHUANG- 1271345 $2,938.63 02/01/1998 180
600115777 BENNETT, SUSAN 1280114 $2,419.50 02/01/1998 180
600117667 NORA,MATHEW 092481558 $4,166.22 02/01/1998 180
600117668 SYLVESTER,JOHN E 09248176888 $4,004.70 02/01/1998 180
600117669 HUFFERT,ROBERT V 092481442 $2,317.53 02/01/1998 180
600117670 MOORE,DOUGLAS M 09248165111 $2,583.81 02/01/1998 180
600117671 KOEHLER,GERALD R 092481432 $2,730.46 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115760 CHIONG, DOMINIC .00 .00 .00 .000 .250 .300 $518,500.00 N
600115762 FAN, CHIACHU .00 .00 .00 .000 .250 .300 $590,000.00 N
600115764 PUDGIL, DAVID .00 .00 .00 .000 .250 .300 $344,000.00 N
600115766 MORINE, RANDY .00 .00 .00 .000 .250 .300 $560,000.00 N
600115770 HERRMANN, CONRAD .00 .00 .00 .000 .250 .300 $690,000.00 N
600115771 LU, HSUEH CHUNG .00 .00 .00 .000 .250 .300 $550,000.00 N
600115773 LU, DA .00 .00 .00 .000 .250 .300 $525,000.00 N
600115775 LIU, CHUANG- .00 .00 .00 .000 .250 .300 $600,000.00 N
600115777 BENNETT, SUSAN .00 .00 .00 .000 .250 .300 $440,000.00 N
600117667 NORA,MATHEW .00 .00 .00 .000 .250 .300 $570,000.00 N
600117668 SYLVESTER,JOHN E .00 .00 .00 .000 .250 .300 $550,000.00 N
600117669 HUFFERT,ROBERT V .00 .00 .00 .000 .250 .300 $485,000.00 N
600117670 MOORE,DOUGLAS M .00 .00 .00 .000 .250 .300 $352,000.00 N
600117671 KOEHLER,GERALD R .00 .00 .00 .000 .250 .300 $370,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 22
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600117672 SCHWARTZ,FERDINARD L 80 GORDON RD FAIRFIELD PA 17320 $257,817.32
600117673 MARSHALL JR,ERNEST T 124 MAITLAND AV PARAMUS NJ 07652 $247,720.69
600117674 JONES,MICHAEL J 303 KESTREL LN SILVERTHORNE CO 80498 $276,626.71
600117675 GRIES,JOHN R 5109 WOODDALE AV SOUTH EDINA MN 55424 $396,353.15
600117676 REDFORD,JOHN G 6 BENDING OAK LN HOUSTON TX 77024 $299,285.34
600117677 HASENYAGER,CAROL A 10618 NORTH RIVERLAKE CT MEQUON WI 53092 $240,052.64
600117678 YOUNG,JAMES B 6056 MARY LANE OCONOMOWOC WI 53066 $456,556.54
600117679 HAARER,STANLEY B 6507 NORTH 26TH ST PHOENIX AZ 85016 $343,095.91
600124225 HENDERSON,THOMAS J 5517 KALANIANAOLE HIGHWAY HONOLULU HI 96821 $248,434.96
600124372 COPE,MICHAEL W.C. 555 VIA MIRA VALLE NIPOMO CA 93444 $290,520.19
600124379 SCHERMAN,BERNARD MART 1 KAILUANA PLACE KAILUA HI 96734 $640,793.69
600124409 DAVIDSON,JEFFREY GARDNER 6030 ASCOT DRIVE OAKLAND CA 94611 $256,834.32
600124427 SAMOUCE,WARREN A 121 INDIAN BEND DRIVE AUSTIN TX 78734 $258,240.87
600124451 CASALOU,STEPHEN J 6492 MALVERN DRIVE TROY MI 48098 $397,628.83
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600117672 SCHWARTZ,FERDINARD L 7.500 .250 7.250 .0500 7.200 10/01/2012
600117673 MARSHALL JR,ERNEST T 7.500 .250 7.250 .0500 7.200 11/01/2012
600117674 JONES,MICHAEL J 7.375 .250 7.125 .0500 7.075 11/01/2012
600117675 GRIES,JOHN R 7.500 .250 7.250 .0500 7.200 11/01/2012
600117676 REDFORD,JOHN G 7.250 .250 7.000 .0500 6.950 11/01/2012
600117677 HASENYAGER,CAROL A 7.625 .250 7.375 .0500 7.325 12/01/2012
600117678 YOUNG,JAMES B 7.500 .250 7.250 .0500 7.200 12/01/2012
600117679 HAARER,STANLEY B 7.375 .250 7.125 .0500 7.075 08/01/2012
600124225 HENDERSON,THOMAS J 7.125 .250 6.875 .0500 6.825 12/01/2012
600124372 COPE,MICHAEL W.C. 7.000 .250 6.750 .0500 6.700 12/01/2012
600124379 SCHERMAN,BERNARD MART 7.500 .250 7.250 .0500 7.200 12/01/2012
600124409 DAVIDSON,JEFFREY GARDNER 7.500 .250 7.250 .0500 7.200 12/01/2012
600124427 SAMOUCE,WARREN A 7.250 .250 7.000 .0500 6.950 12/01/2012
600124451 CASALOU,STEPHEN J 7.750 .250 7.500 .0500 7.450 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600117672 SCHWARTZ,FERDINARD L 3374453 $2,419.50 12 02/01/1998 180
600117673 MARSHALL JR,ERNEST T 09248164999 $2,317.54 02/01/1998 180
600117674 JONES,MICHAEL J 092481556 $2,568.43 02/01/1998 180
600117675 GRIES,JOHN R 09248180999 $3,708.05 02/01/1998 180
600117676 REDFORD,JOHN G 092481551 $2,757.76 02/01/1998 180
600117677 HASENYAGER,CAROL A 092481555 $2,255.92 02/01/1998 180
600117678 YOUNG,JAMES B 092481157 $4,264.26 02/01/1998 180
600117679 HAARER,STANLEY B 092481437 $3,216.06 02/01/1998 180
600124225 HENDERSON,THOMAS J 1420328 $2,264.58 02/01/1998 180
600124372 COPE,MICHAEL W.C. 2359404 $2,661.88 02/01/1998 180
600124379 SCHERMAN,BERNARD MART 2393973 $5,976.45 02/01/1998 180
600124409 DAVIDSON,JEFFREY GARDNER 2556517 $2,395.40 7 02/01/1998 180
600124427 SAMOUCE,WARREN A 2640125 $2,372.07 02/01/1998 180
600124451 CASALOU,STEPHEN J 2714656 $3,765.10 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600117672 SCHWARTZ,FERDINARD L .00 .00 .00 .000 .250 .300 $290,000.00 N
600117673 MARSHALL JR,ERNEST T .00 .00 .00 .000 .250 .300 $320,000.00 N
600117674 JONES,MICHAEL J .00 .00 .00 .000 .250 .300 $349,000.00 N
600117675 GRIES,JOHN R .00 .00 .00 .000 .250 .300 $675,000.00 N
600117676 REDFORD,JOHN G .00 .00 .00 .000 .250 .300 $600,000.00 N
600117677 HASENYAGER,CAROL A .00 .00 .00 .000 .250 .300 $345,000.00 N
600117678 YOUNG,JAMES B .00 .00 .00 .000 .250 .300 $760,000.00 N
600117679 HAARER,STANLEY B .00 .00 .00 .000 .250 .300 $437,000.00 N
600124225 HENDERSON,THOMAS J .00 .00 .00 .000 .250 .300 $400,000.00 N
600124372 COPE,MICHAEL W.C. .00 .00 .00 .000 .250 .300 $394,900.00 N
600124379 SCHERMAN,BERNARD MART .00 .00 .00 .000 .250 .300 $1,900,000.00 N
600124409 DAVIDSON,JEFFREY GARDNER .00 .00 .00 .000 .250 .300 $304,000.00 N
600124427 SAMOUCE,WARREN A .00 .00 .00 .000 .250 .300 $550,000.00 N
600124451 CASALOU,STEPHEN J .00 .00 .00 .000 .250 .300 $535,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 23
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600124462 MC MAHON,JAMES E 1422 JOYERIN COURT SAN JOSE CA 95131 $238,513.78
600124489 RAMSEY,WILLIAM W 6721 SOUTH EVANSTON AVEUN TULSA OK 74136 $710,667.72
600124523 SWECKER,DANIEL P 10420 173RD AVENUE SOUTHW ROCHESTER WA 98579 $242,537.65
600124527 SANDERS,STEPHEN E 31680 INCA WAY STEAMBOAT SPRIN CO 80477 $297,294.47
600124529 LINDBERG,JAMES PHILIP 1577 SHOOTING STAR DRIVE GOLDEN CO 80401 $391,338.05
600124531 CHUNG,KYUNG K 40 KINGSTON RD MEDIA PA 19063 $288,223.58
600124532 PALMIERI,ANTHONY J 135 DORSETT CIRCLE PHOENIXVILLE PA 19460 $278,208.84
600124539 SALZMAN,STEPHEN 227 CONSTANCE LANE SANTA BARBARA CA 93105 $486,965.64
600124541 SHARPE,NORTON 1430 CRYSTAL LAKE ROAD ASPEN CO 81611 $297,294.47
600124547 PFEFFERMAN,MICHAEL R. 47 MOLLISON DRIVE SIMI VALLEY CA 93065 $364,644.88
600124550 KOOYMAN,MIKE 1875 NORTH SARAGOSSA STRE POMONA CA 91768 $294,834.95
600124551 PHILLIPS JR,JAMES K 679 BENTWURTH DRIVE BOWLING GREEN KY 42103 $258,407.36
600124554 HARRISON,WILLIAM D 5989 DUBLIN RD DELAWARE OH 43015 $264,388.26
600124560 LINCOLN,JOHN 13129 WILD FLOWER LN POWAY CA 92064 $348,919.56
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600124462 MC MAHON,JAMES E 7.250 .250 7.000 .0500 6.950 12/01/2012
600124489 RAMSEY,WILLIAM W 7.500 .250 7.250 .0500 7.200 12/01/2012
600124523 SWECKER,DANIEL P 7.625 .250 7.375 .0500 7.325 12/01/2012
600124527 SANDERS,STEPHEN E 7.625 .250 7.375 .0500 7.325 11/01/2012
600124529 LINDBERG,JAMES PHILIP 7.375 .250 7.125 .0500 7.075 12/01/2012
600124531 CHUNG,KYUNG K 7.375 .250 7.125 .0500 7.075 12/01/2012
600124532 PALMIERI,ANTHONY J 6.875 .250 6.625 .0500 6.575 12/01/2012
600124539 SALZMAN,STEPHEN 7.250 .250 7.000 .0500 6.950 12/01/2012
600124541 SHARPE,NORTON 7.625 .250 7.375 .0500 7.325 11/01/2012
600124547 PFEFFERMAN,MICHAEL R. 7.500 .250 7.250 .0500 7.200 11/01/2012
600124550 KOOYMAN,MIKE 8.250 .250 8.000 .0500 7.950 12/01/2012
600124551 PHILLIPS JR,JAMES K 7.375 .250 7.125 .0500 7.075 12/01/2012
600124554 HARRISON,WILLIAM D 7.500 .250 7.250 .0500 7.200 12/01/2012
600124560 LINCOLN,JOHN 7.250 .250 7.000 .0500 6.950 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600124462 MC MAHON,JAMES E 2755200 $2,190.87 02/01/1998 180
600124489 RAMSEY,WILLIAM W 2843725 $6,628.14 02/01/1998 180
600124523 SWECKER,DANIEL P 2932383 $2,279.28 02/01/1998 180
600124527 SANDERS,STEPHEN E 2937395 $2,802.39 02/01/1998 180
600124529 LINDBERG,JAMES PHILIP 2940648 $3,622.20 02/01/1998 180
600124531 CHUNG,KYUNG K 2964752 $2,667.78 02/01/1998 180
600124532 PALMIERI,ANTHONY J 2965890 $2,497.19 02/01/1998 180
600124539 SALZMAN,STEPHEN 4368123 $4,473.03 02/01/1998 180
600124541 SHARPE,NORTON 4441342 $2,802.39 02/01/1998 180
600124547 PFEFFERMAN,MICHAEL R. 4645763 $3,411.41 02/01/1998 180
600124550 KOOYMAN,MIKE 4677212 $2,910.42 02/01/1998 180
600124551 PHILLIPS JR,JAMES K 4679281 $2,391.80 02/01/1998 180
600124554 HARRISON,WILLIAM D 4700686 $2,465.86 02/01/1998 180
600124560 LINCOLN,JOHN 4790635 $3,195.02 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600124462 MC MAHON,JAMES E .00 .00 .00 .000 .250 .300 $300,000.00 N
600124489 RAMSEY,WILLIAM W .00 .00 .00 .000 .250 .300 $1,500,000.00 N
600124523 SWECKER,DANIEL P .00 .00 .00 .000 .250 .300 $350,000.00 N
600124527 SANDERS,STEPHEN E .00 .00 .00 .000 .250 .300 $405,000.00 N
600124529 LINDBERG,JAMES PHILIP .00 .00 .00 .000 .250 .300 $525,000.00 N
600124531 CHUNG,KYUNG K .00 .00 .00 .000 .250 .300 $500,000.00 N
600124532 PALMIERI,ANTHONY J .00 .00 .00 .000 .250 .300 $405,000.00 N
600124539 SALZMAN,STEPHEN .00 .00 .00 .000 .250 .300 $700,000.00 N
600124541 SHARPE,NORTON .00 .00 .00 .000 .250 .300 $1,425,000.00 N
600124547 PFEFFERMAN,MICHAEL R. .00 .00 .00 .000 .250 .300 $475,000.00 N
600124550 KOOYMAN,MIKE .00 .00 .00 .000 .250 .300 $375,000.00 N
600124551 PHILLIPS JR,JAMES K .00 .00 .00 .000 .250 .300 $325,000.00 N
600124554 HARRISON,WILLIAM D .00 .00 .00 .000 .250 .300 $420,000.00 N
600124560 LINCOLN,JOHN .00 .00 .00 .000 .250 .300 $755,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 24
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600124578 HOLDEN,TONY W 23007 COLLINS STREET WOODLAND HILLS CA 91367 $309,094.95
600124581 SLATEN,RONALD S 24608 CORDILLERA DRIVE CALABASAS CA 91302 $371,523.18
600124586 PHAM,HIEU N 2977 MITTON DRIVE SAN JOSE CA 95148 $248,451.85
600124598 PARK,DO SEP 1728 MILTON STREET REDWOOD CITY CA 94061 $424,699.26
600124600 GHAZARIAN,ROBERT 3360 HAVEN WAY BURBANK CA 91504 $268,309.77
600124622 SCHNEIDER,MARK R 8349 SEAMORE STREET PASADENA MD 21122 $233,420.84
600124626 KROVITSKY-BISNO,RANDI 326 MARBERRY DRIVE PITTSBURGH PA 15215 $259,452.81
600124628 CHILDERS,JOHN STEVEN 227 WILSON POINT HOT SPRINGS AR 71913 $253,437.99
600124633 HAK SONG,JOHN IN 875 5TH AVENUE LOS ANGELES CA 90005 $262,196.08
600124643 FELICIANO,ELPIDIO G 6751 WEST MANOR DRIVE TERRE HAUTE IN 47802 $306,887.74
600124647 DIIULO,NINO 5900 BABBITT ROAD NEW ALBANY OH 43054 $413,746.65
600124657 HAGEN,JR,HERBERT A 1860 VIA ISLA PALM SPRINGS CA 92243 $254,221.39
600124662 KING,WADE HAMPTON 55 26TH AVENUE SAN FRANCISCO CA 94121 $987,756.39
600124682 VER BRUGGE,MAURICE W 715 CRISTINA DRIVE INCLINE VILLAGE NV 89451 $302,104.81
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600124578 HOLDEN,TONY W 7.375 .250 7.125 .0500 7.075 12/01/2012
600124581 SLATEN,RONALD S 7.500 .250 7.250 .0500 7.200 12/01/2012
600124586 PHAM,HIEU N 7.250 .250 7.000 .0500 6.950 12/01/2012
600124598 PARK,DO SEP 7.375 .250 7.125 .0500 7.075 01/01/2013
600124600 GHAZARIAN,ROBERT 7.125 .250 6.875 .0500 6.825 12/01/2012
600124622 SCHNEIDER,MARK R 7.875 .250 7.625 .0500 7.575 12/01/2012
600124626 KROVITSKY-BISNO,RANDI 7.750 .250 7.500 .0500 7.450 12/01/2012
600124628 CHILDERS,JOHN STEVEN 7.375 .250 7.125 .0500 7.075 12/01/2012
600124633 HAK SONG,JOHN IN 7.500 .250 7.250 .0500 7.200 01/01/2013
600124643 FELICIANO,ELPIDIO G 7.250 .250 7.000 .0500 6.950 12/01/2012
600124647 DIIULO,NINO 7.500 .250 7.250 .0500 7.200 01/01/2013
600124657 HAGEN,JR,HERBERT A 7.375 .250 7.125 .0500 7.075 01/01/2013
600124662 KING,WADE HAMPTON 7.500 .250 7.250 .0500 7.200 10/01/2012
600124682 VER BRUGGE,MAURICE W 7.750 .250 7.500 .0500 7.450 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600124578 HOLDEN,TONY W 5125521 $2,860.96 02/01/1998 180
600124581 SLATEN,RONALD S 5136784 $3,465.06 02/01/1998 180
600124586 PHAM,HIEU N 5148900 $2,282.16 02/01/1998 180
600124598 PARK,DO SEP 5174962 $3,918.87 02/01/1998 180
600124600 GHAZARIAN,ROBERT 5178883 $2,445.74 02/01/1998 180
600124622 SCHNEIDER,MARK R 5214675 $2,228.86 02/01/1998 180
600124626 KROVITSKY-BISNO,RANDI 5216636 $2,456.73 02/01/1998 180
600124628 CHILDERS,JOHN STEVEN 5245311 $2,345.80 02/01/1998 180
600124633 HAK SONG,JOHN IN 5263913 $2,438.04 02/01/1998 180
600124643 FELICIANO,ELPIDIO G 5281300 $2,818.92 02/01/1998 180
600124647 DIIULO,NINO 5301570 $3,847.10 02/01/1998 180
600124657 HAGEN,JR,HERBERT A 5335416 $2,345.80 02/01/1998 180
600124662 KING,WADE HAMPTON 5368636 $9,269.66 02/01/1998 180
600124682 VER BRUGGE,MAURICE W 5425968 $2,852.07 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600124578 HOLDEN,TONY W .00 .00 .00 .000 .250 .300 $390,000.00 N
600124581 SLATEN,RONALD S .00 .00 .00 .000 .250 .300 $760,000.00 N
600124586 PHAM,HIEU N .00 .00 .00 .000 .250 .300 $343,000.00 N
600124598 PARK,DO SEP .00 .00 .00 .000 .250 .300 $575,000.00 N
600124600 GHAZARIAN,ROBERT .00 .00 .00 .000 .250 .300 $355,000.00 N
600124622 SCHNEIDER,MARK R .00 .00 .00 .000 .250 .300 $305,000.00 N
600124626 KROVITSKY-BISNO,RANDI .00 .00 .00 .000 .250 .300 $349,000.00 N
600124628 CHILDERS,JOHN STEVEN .00 .00 .00 .000 .250 .300 $352,000.00 N
600124633 HAK SONG,JOHN IN .00 .00 .00 .000 .250 .300 $410,000.00 N
600124643 FELICIANO,ELPIDIO G .00 .00 .00 .000 .250 .300 $386,000.00 N
600124647 DIIULO,NINO .00 .00 .00 .000 .250 .300 $650,000.00 N
600124657 HAGEN,JR,HERBERT A .00 .00 .00 .000 .250 .300 $340,000.00 N
600124662 KING,WADE HAMPTON .00 .00 .00 .000 .250 .300 $1,745,000.00 N
600124682 VER BRUGGE,MAURICE W .00 .00 .00 .000 .250 .300 $450,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 25
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600124697 MARCHENIA,GARY 2309 OLD WAGON ROAD HUNTSVILLE AL 35801 $254,711.29
600124709 HOPKINS,LEO NELSON 3655 W. ESTHER WAY TETON VILLAGE WY 83025 $646,996.56
600124735 HOFFMANN,BOB L 6319 240TH WAY NORTHEAST REDMOND WA 98053 $423,567.71
600124738 WILSON,ROBERT M 6655 NEPTUNE PLACE SAN DIEGO CA 92037 $598,107.03
600124750 LIDA,ELA JEAN 16170 ROYAL ROAD RAMSEY MN 55303 $313,718.48
600124754 BREITHAUPT,GARY 24235 LAS NARANJAS DRIVE LAGUNA NIGUEL CA 92677 $244,260.07
600124765 LUO,SOLOMON C W 350 PATTON DRIVE ORWIGSBURG PA 17961 $613,998.74
600124769 MUSELLA,ANGELA R 10 FOX HILL DRIVE WAYNE NJ 07470 $264,242.63
600124770 FLYNN,ANGELA 10279 EAST OLD TRAIL ROAD SCOTTSDALE AZ 85262 $334,010.27
600124779 BENBASSAT,WILLIAM A 10429 WINDTREE DRIVE LOS ANGELES CA 90077 $466,788.68
600124780 MOONEY,MICHAEL J 12 SUGAR PINE ROAD NEWPORT COAST A CA 92657 $456,087.71
600124850 LAURENCE,DENNIS J 438 EWING DRIVE PLEASANTON CA 94566 $272,073.12
600124851 LEE,JUAN H 11 ASHLEY DRIVE HOLMDEL NJ 07733 $326,062.22
600124864 BAILEY,ROBERT L 1410 SAN ANDREAS ROAD LA SELVA BEACH CA 95073 $405,445.86
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600124697 MARCHENIA,GARY 7.250 .250 7.000 .0500 6.950 01/01/2013
600124709 HOPKINS,LEO NELSON 7.250 .250 7.000 .0500 6.950 01/01/2013
600124735 HOFFMANN,BOB L 7.250 .250 7.000 .0500 6.950 01/01/2013
600124738 WILSON,ROBERT M 7.000 .250 6.750 .0500 6.700 01/01/2013
600124750 LIDA,ELA JEAN 7.875 .250 7.625 .0500 7.575 01/01/2013
600124754 BREITHAUPT,GARY 7.500 .250 7.250 .0500 7.200 01/01/2013
600124765 LUO,SOLOMON C W 7.250 .250 7.000 .0500 6.950 01/01/2013
600124769 MUSELLA,ANGELA R 8.125 .250 7.875 .0500 7.825 01/01/2013
600124770 FLYNN,ANGELA 7.750 .250 7.500 .0500 7.450 01/01/2013
600124779 BENBASSAT,WILLIAM A 7.125 .250 6.875 .0500 6.825 01/01/2013
600124780 MOONEY,MICHAEL J 7.250 .250 7.000 .0500 6.950 01/01/2013
600124850 LAURENCE,DENNIS J 7.375 .250 7.125 .0500 7.075 12/01/2012
600124851 LEE,JUAN H 7.750 .250 7.500 .0500 7.450 10/01/2012
600124864 BAILEY,ROBERT L 7.125 .250 6.875 .0500 6.825 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600124697 MARCHENIA,GARY 5472444 $2,332.36 02/01/1998 180
600124709 HOPKINS,LEO NELSON 5561830 $5,924.48 02/01/1998 180
600124735 HOFFMANN,BOB L 5670534 $3,879.67 02/01/1998 180
600124738 WILSON,ROBERT M 5722854 $5,392.97 02/01/1998 180
600124750 LIDA,ELA JEAN 5732035 $2,999.95 02/01/1998 180
600124754 BREITHAUPT,GARY 5788741 $2,271.18 02/01/1998 180
600124765 LUO,SOLOMON C W 5808305 $5,622.32 02/01/1998 180
600124769 MUSELLA,ANGELA R 5813760 $2,551.64 02/01/1998 180
600124770 FLYNN,ANGELA 5830564 $3,153.27 02/01/1998 180
600124779 BENBASSAT,WILLIAM A 5872379 $4,241.55 02/01/1998 180
600124780 MOONEY,MICHAEL J 5873435 $4,176.35 02/01/1998 180
600124850 LAURENCE,DENNIS J 9792032 $2,518.29 02/01/1998 180
600124851 LEE,JUAN H 9831157 $3,106.21 02/01/1998 180
600124864 BAILEY,ROBERT L 9971250 $3,695.79 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600124697 MARCHENIA,GARY .00 .00 .00 .000 .250 .300 $365,000.00 N
600124709 HOPKINS,LEO NELSON .00 .00 .00 .000 .250 .300 $1,300,000.00 N
600124735 HOFFMANN,BOB L .00 .00 .00 .000 .250 .300 $850,000.00 N
600124738 WILSON,ROBERT M .00 .00 .00 .000 .250 .300 $850,000.00 N
600124750 LIDA,ELA JEAN .00 .00 .00 .000 .250 .300 $485,000.00 N
600124754 BREITHAUPT,GARY .00 .00 .00 .000 .250 .300 $310,000.00 N
600124765 LUO,SOLOMON C W .00 .00 .00 .000 .250 .300 $1,210,000.00 N
600124769 MUSELLA,ANGELA R .00 .00 .00 .000 .250 .300 $414,000.00 N
600124770 FLYNN,ANGELA .00 .00 .00 .000 .250 .300 $530,000.00 N
600124779 BENBASSAT,WILLIAM A .00 .00 .00 .000 .250 .300 $635,000.00 N
600124780 MOONEY,MICHAEL J .00 .00 .00 .000 .250 .300 $610,000.00 N
600124850 LAURENCE,DENNIS J .00 .00 .00 .000 .250 .300 $365,000.00 N
600124851 LEE,JUAN H .00 .00 .00 .000 .250 .300 $412,500.00 N
600124864 BAILEY,ROBERT L .00 .00 .00 .000 .250 .300 $510,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 26
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600124866 CARTER,WILLIAM C 3232 ROUNDING RUN CT HERNDON VA 20171 $231,702.43
600124867 BOSCHMANS,ERIC 1271 LAKE SYBELIA DR MAITLAND FL 32751 $294,418.74
600124869 NAGEL-MINICK,EDITH 1280 SW 19TH AVE. BOCA RATON FL 33486 $254,656.32
600124870 BERG,GREGORY H 31 OLD WOOD ROAD AVON CT 06001 $393,683.79
600124871 SCULT,DAVID R 2 ASHFORD LANE ANDOVER MA 01810 $354,554.44
600124872 EAGLESTON JR,COURTNEY H 1154 VERNON PLACE MARCO ISLAND FL 34145 $255,350.50
600124873 PARK,YOUNG K 10422 OAK RIDGE DR ZIONVILLE IN 46077 $268,691.06
600124874 COOK,LYNN S 2314 COUNTY RD 1150 N. SIDNEY IL 61877 $357,817.95
600124875 SHELTER,WILLIAM L 1320 DEER BROOK DR PORT MATILDA PA 16870 $298,162.33
600125035 VERNON,GAIL,JAMES 175 SOUTH SAN RAFAEL AVEN PASADENA CA 91105 $499,291.94
600125036 KUMADA,ISAO,AKIKO 7700 WEST 80TH STREET PLAYA DEL REY CA 90293 $336,012.98
600125039 CAREY/HECKER,CHRISTOPHER/ 6 GLORIA DRIVE SAN RAFAEL CA 94901 $263,626.14
600125040 PALMER,JAMES,KATHLEEN 2414 MASSACHUSETTS AVENUE REDWOOD CITY CA 94061 $240,658.72
600125050 NELSON,KATHERINE,JAY 400 KIOWA PLACE BOULDER CO 80303 $264,317.97
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600124866 CARTER,WILLIAM C 7.625 .250 7.375 .0500 7.325 08/01/2012
600124867 BOSCHMANS,ERIC 7.375 .250 7.125 .0500 7.075 08/01/2012
600124869 NAGEL-MINICK,EDITH 7.500 .250 7.250 .0500 7.200 10/01/2012
600124870 BERG,GREGORY H 7.125 .250 6.875 .0500 6.825 09/01/2012
600124871 SCULT,DAVID R 7.625 .250 7.375 .0500 7.325 09/01/2012
600124872 EAGLESTON JR,COURTNEY H 7.500 .250 7.250 .0500 7.200 11/01/2012
600124873 PARK,YOUNG K 7.500 .250 7.250 .0500 7.200 12/01/2012
600124874 COOK,LYNN S 7.500 .250 7.250 .0500 7.200 12/01/2012
600124875 SHELTER,WILLIAM L 7.375 .250 7.125 .0500 7.075 12/01/2012
600125035 VERNON,GAIL,JAMES 7.750 .250 7.500 .0400 7.460 12/01/2012
600125036 KUMADA,ISAO,AKIKO 8.000 .250 7.750 .0400 7.710 12/01/2012
600125039 CAREY/HECKER,CHRISTOPHER/ 7.750 .250 7.500 .0400 7.460 12/01/2012
600125040 PALMER,JAMES,KATHLEEN 7.750 .250 7.500 .0400 7.460 12/01/2012
600125050 NELSON,KATHERINE,JAY 7.875 .250 7.625 .0400 7.585 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600124866 CARTER,WILLIAM C 092481783 $2,204.55 02/01/1998 180
600124867 BOSCHMANS,ERIC 092481622 $2,759.77 02/01/1998 180
600124869 NAGEL-MINICK,EDITH 092481624 $2,389.84 02/01/1998 180
600124870 BERG,GREGORY H 092481623 $3,623.33 02/01/1998 180
600124871 SCULT,DAVID R 09248170000 $3,362.86 02/01/1998 180
600124872 EAGLESTON JR,COURTNEY H 092481625 $2,388.92 02/01/1998 180
600124873 PARK,YOUNG K 092481628 $2,521.48 02/01/1998 180
600124874 COOK,LYNN S 092481627 $3,337.25 02/01/1998 180
600124875 SHELTER,WILLIAM L 092481626 $2,759.77 02/01/1998 180
600125035 VERNON,GAIL,JAMES 496205 $3,582.06 02/01/1998 180
600125036 KUMADA,ISAO,AKIKO 496211 $3,765.27 02/01/1998 180
600125039 CAREY/HECKER,CHRISTOPHER/ 496229 $1,891.33 02/01/1998 180
600125040 PALMER,JAMES,KATHLEEN 496236 $1,726.55 02/01/1998 180
600125050 NELSON,KATHERINE,JAY 496309 $1,917.81 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600124866 CARTER,WILLIAM C .00 .00 .00 .000 .250 .300 $295,000.00 N
600124867 BOSCHMANS,ERIC .00 .00 .00 .000 .250 .300 $435,000.00 N
600124869 NAGEL-MINICK,EDITH .00 .00 .00 .000 .250 .300 $518,000.00 N
600124870 BERG,GREGORY H .00 .00 .00 .000 .250 .300 $530,000.00 N
600124871 SCULT,DAVID R .00 .00 .00 .000 .250 .300 $550,000.00 N
600124872 EAGLESTON JR,COURTNEY H .00 .00 .00 .000 .250 .300 $324,000.00 N
600124873 PARK,YOUNG K .00 .00 .00 .000 .250 .300 $409,000.00 N
600124874 COOK,LYNN S .00 .00 .00 .000 .250 .300 $571,000.00 N
600124875 SHELTER,WILLIAM L .00 .00 .00 .000 .250 .300 $430,000.00 N
600125035 VERNON,GAIL,JAMES $1,140,000.00 N
600125036 KUMADA,ISAO,AKIKO $600,000.00 N
600125039 CAREY/HECKER,CHRISTOPHER/ $330,000.00 N
600125040 PALMER,JAMES,KATHLEEN $360,000.00 N
600125050 NELSON,KATHERINE,JAY $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 27
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125052 PLATT,VIRGINIA 19100 NEPTUNE AVENUE FORT BRAGG CA 95437 $449,720.30
600125054 RAMIREZ,ALVARO,JOVA 1995 31ST AVENUE SAN FRANCISCO CA 94116 $227,847.02
600125079 ADDINGTON,JOHN,CANDACE 2373 OLD MILITARY ROAD CENTRAL POINT OR 97502 $237,810.69
600125111 OLSON,JAMES,PEGGY 18080 HIGHWAY 238 GRANTS PASS OR 97527 $273,833.33
600125132 WATKINS,NATHAN/ANTONIA 8220 SE 26TH STREET MERCER ISLAND WA 98040 $286,051.77
600125133 KJOLSO,DENNIS,ELFIDA 2422 56TH STREET SOUTHWES EVERETT WA 98203 $244,831.39
600125141 WOODARD,THOMAS 1530 EAST BEECHWOOD DRIVE LAYTON UT 84040 $249,663.40
600125166 WALSH,MARCIA 2196 AUGUSTA DRIVE EVERGREEN CO 80439 $263,340.37
600125167 RICHARDS,CRAIG 5773 SOUTH BENTON WAY LITTLETON CO 80123 $351,775.54
600125170 VAN VOLKOM/THOM,FLORENCE/ 5246 LUPINE STREET YORBA LINDA CA 92886 $271,196.40
600125180 TUDOR,JAMES,MINAMAREE 3794 PASEO DE OLIVOS FALLBROOK CA 92028 $275,609.14
600125190 HYDE,LOREN 5801 EAST HIGHWAY 106 UNION WA 98592 $299,407.28
600125195 CHANG,HYUN, MISOOK 933 16TH AVENUE COURT SOU PUYALLUP WA 98372 $251,269.73
600125220 HARDING,RONALD 6 NORTH BULLMOOSE CIRCLE CHANDLER AZ 85224 $255,663.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125052 PLATT,VIRGINIA 8.375 .250 8.125 .0400 8.085 01/01/2013
600125054 RAMIREZ,ALVARO,JOVA 8.000 .250 7.750 .0400 7.710 01/01/2013
600125079 ADDINGTON,JOHN,CANDACE 7.875 .250 7.625 .0400 7.585 11/01/2012
600125111 OLSON,JAMES,PEGGY 8.000 .250 7.750 .0400 7.710 01/01/2013
600125132 WATKINS,NATHAN/ANTONIA 8.500 .250 8.250 .0400 8.210 12/01/2012
600125133 KJOLSO,DENNIS,ELFIDA 7.875 .250 7.625 .0400 7.585 01/01/2013
600125141 WOODARD,THOMAS 8.000 .250 7.750 .0400 7.710 12/01/2012
600125166 WALSH,MARCIA 8.500 .250 8.250 .0400 8.210 01/01/2013
600125167 RICHARDS,CRAIG 8.250 .250 8.000 .0400 7.960 01/01/2013
600125170 VAN VOLKOM/THOM,FLORENCE/ 7.750 .250 7.500 .0400 7.460 01/01/2013
600125180 TUDOR,JAMES,MINAMAREE 7.750 .250 7.500 .0400 7.460 12/01/2012
600125190 HYDE,LOREN 8.125 .250 7.875 .0400 7.835 11/01/2012
600125195 CHANG,HYUN, MISOOK 8.125 .250 7.875 .0400 7.835 12/01/2012
600125220 HARDING,RONALD 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125052 PLATT,VIRGINIA 496342 $3,420.33 02/01/1998 180
600125054 RAMIREZ,ALVARO,JOVA 496394 $1,672.98 02/01/1998 180
600125079 ADDINGTON,JOHN,CANDACE 522553 $2,276.28 02/01/1998 180
600125111 OLSON,JAMES,PEGGY 522735 $2,017.85 02/01/1998 180
600125132 WATKINS,NATHAN/ANTONIA 528858 $2,202.17 02/01/1998 180
600125133 KJOLSO,DENNIS,ELFIDA 528893 $1,776.42 02/01/1998 180
600125141 WOODARD,THOMAS 530384 $1,834.41 02/01/1998 180
600125166 WALSH,MARCIA 530798 $2,026.09 02/01/1998 180
600125167 RICHARDS,CRAIG 530800 $2,644.46 02/01/1998 180
600125170 VAN VOLKOM/THOM,FLORENCE/ 530840 $2,560.27 02/01/1998 180
600125180 TUDOR,JAMES,MINAMAREE 533754 $1,977.30 02/01/1998 180
600125190 HYDE,LOREN 535613 $2,227.49 02/01/1998 180
600125195 CHANG,HYUN, MISOOK 535769 $1,868.12 02/01/1998 180
600125220 HARDING,RONALD 537471 $1,900.79 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125052 PLATT,VIRGINIA $650,000.00 N
600125054 RAMIREZ,ALVARO,JOVA $285,000.00 N
600125079 ADDINGTON,JOHN,CANDACE $300,000.00 N
600125111 OLSON,JAMES,PEGGY $420,000.00 N
600125132 WATKINS,NATHAN/ANTONIA $358,000.00 N
600125133 KJOLSO,DENNIS,ELFIDA $333,000.00 N
600125141 WOODARD,THOMAS $336,000.00 N
600125166 WALSH,MARCIA $310,000.00 N
600125167 RICHARDS,CRAIG $440,917.60 N
600125170 VAN VOLKOM/THOM,FLORENCE/ $340,000.00 N
600125180 TUDOR,JAMES,MINAMAREE $345,000.00 N
600125190 HYDE,LOREN $450,000.00 N
600125195 CHANG,HYUN, MISOOK $314,500.00 N
600125220 HARDING,RONALD $320,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 28
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125223 KRAMER,DANIEL,SHELLY 2003 EAST CLUBHOUSE DRIVE PHOENIX AZ 85048 $319,012.19
600125225 LOWE,WILLIAM,ELIZABE 25151 NORTH 93RD AVENUE PEORIA AZ 85382 $279,302.57
600125243 BAYER,ROBERT,MARY 7274 WEST FIREBIRD DRIVE GLENDALE AZ 85308 $234,253.35
600125252 KAUFMAN,OSCAR 30600 NORTH PIMA ROAD, #1 SCOTTSDALE AZ 85262 $378,758.33
600125264 CHUNG,JUNG EN 569 ACACIA STREET SIERRA MADRE CA 91024 $243,153.02
600125270 LA COUNTE,GRETCHEN 289 FIRST STREET WEST SONOMA CA 95476 $289,455.46
600125277 LUM,BEACON 7622 PINEVILLE CIRCLE CASTRO VALLEY CA 94552 $259,511.79
600125284 GHANEM,IBAHIM, CAROL 1550 SOUTH WESTRIDGE ROAD WEST COVINA CA 91971 $372,067.73
600125286 ROSS,PAUL, SUZANNE 2 TENAYA LANE NOVATO CA 94947 $453,724.25
600125292 ZUR,OFER, JESSICA 101 SANDERS RANCH ROAD MORAGA CA 94556 $422,342.43
600125293 BROST,VALEN, LINDA 12631 LAKESHORE NORTH AUBURN CA 95602 $327,384.10
600125298 JELTEN,G.ALLEN,GERALDI 30 HODUR COURT PLEASANT HILL CA 94523 $287,621.94
600125308 GARDNER/MAC GRE,RICHARD/E 15721 WINDSOR WAY TRUCKEE CA 96161 $242,228.92
600125339 CORBY,DAVID,KAY 8310 NORTH SUNBURST TRAIL PARKER CO 80134 $335,601.83
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125223 KRAMER,DANIEL,SHELLY 7.250 .250 7.000 .0400 6.960 12/01/2012
600125225 LOWE,WILLIAM,ELIZABE 8.375 .250 8.125 .0400 8.085 11/01/2012
600125243 BAYER,ROBERT,MARY 7.750 .250 7.500 .0400 7.460 12/01/2012
600125252 KAUFMAN,OSCAR 8.250 .250 8.000 .0400 7.960 01/01/2013
600125264 CHUNG,JUNG EN 8.500 .250 8.250 .0400 8.210 10/01/2012
600125270 LA COUNTE,GRETCHEN 8.375 .250 8.125 .0400 8.085 11/01/2012
600125277 LUM,BEACON 8.375 .250 8.125 .0400 8.085 11/01/2012
600125284 GHANEM,IBAHIM, CAROL 8.500 .250 8.250 .0400 8.210 11/01/2012
600125286 ROSS,PAUL, SUZANNE 8.375 .250 8.125 .0400 8.085 11/01/2012
600125292 ZUR,OFER, JESSICA 8.000 .250 7.750 .0400 7.710 11/01/2012
600125293 BROST,VALEN, LINDA 8.375 .250 8.125 .0400 8.085 11/01/2012
600125298 JELTEN,G.ALLEN,GERALDI 8.125 .250 7.875 .0400 7.835 12/01/2012
600125308 GARDNER/MAC GRE,RICHARD/E 7.750 .250 7.500 .0400 7.460 01/01/2013
600125339 CORBY,DAVID,KAY 8.625 .250 8.375 .0400 8.335 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125223 KRAMER,DANIEL,SHELLY 537498 $2,930.29 02/01/1998 180
600125225 LOWE,WILLIAM,ELIZABE 537533 $2,128.20 02/01/1998 180
600125243 BAYER,ROBERT,MARY 537661 $2,219.53 2 02/01/1998 180
600125252 KAUFMAN,OSCAR 537694 $2,847.30 02/01/1998 180
600125264 CHUNG,JUNG EN 538411 $1,874.23 02/01/1998 180
600125270 LA COUNTE,GRETCHEN 538527 $2,204.21 02/01/1998 180
600125277 LUM,BEACON 538701 $1,976.19 02/01/1998 180
600125284 GHANEM,IBAHIM, CAROL 538809 $2,866.13 02/01/1998 180
600125286 ROSS,PAUL, SUZANNE 538823 $3,459.85 02/01/1998 180
600125292 ZUR,OFER, JESSICA 538878 $3,105.29 02/01/1998 180
600125293 BROST,VALEN, LINDA 538883 $2,493.04 02/01/1998 180
600125298 JELTEN,G.ALLEN,GERALDI 539179 $2,138.39 02/01/1998 180
600125308 GARDNER/MAC GRE,RICHARD/E 540803 $1,736.58 02/01/1998 180
600125339 CORBY,DAVID,KAY 543288 $2,613.37 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125223 KRAMER,DANIEL,SHELLY $421,000.00 N
600125225 LOWE,WILLIAM,ELIZABE $400,000.00 N
600125243 BAYER,ROBERT,MARY $262,017.00 N
600125252 KAUFMAN,OSCAR $625,000.00 N
600125264 CHUNG,JUNG EN $375,000.00 N
600125270 LA COUNTE,GRETCHEN $362,500.00 N
600125277 LUM,BEACON $430,000.00 N
600125284 GHANEM,IBAHIM, CAROL $465,990.00 N
600125286 ROSS,PAUL, SUZANNE $569,000.00 N
600125292 ZUR,OFER, JESSICA $529,000.00 N
600125293 BROST,VALEN, LINDA $410,000.00 N
600125298 JELTEN,G.ALLEN,GERALDI $360,000.00 N
600125308 GARDNER/MAC GRE,RICHARD/E $305,000.00 N
600125339 CORBY,DAVID,KAY $420,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 29
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125340 INGALSBE,GERALD,PAMELA 2985 NORTH 3525 WEST PLAIN CITY UT 84404 $286,593.57
600125354 KING,JOHN,SANDY 0316 NEILSON GULCH ROAD EAGLE CO 81631 $273,444.79
600125360 LYMAN,TRINE 1287 EAST HICKENLOOPER WA DRAPER UT 84020 $266,621.89
600125381 CARGILL,KATHERINE 1829 COLUMBINE AVENUE BOULDER CO 80302 $287,825.53
600125382 ALGARIN,E. FRANK,BARBAR 4468 SOUTH ZARAHELMA DRIV SALT LAKE CITY UT 84124 $264,439.70
600125391 ROBERTS/ROBERTS,ROBERT/SA 1459 NORTH 200 WEST CENTERVILLE UT 84014 $298,627.00
600125403 HUNT,DAVID,DEBORAH 28200 THORPE MOUNTAIN ROA STEAMBOAT SPRIN CO 80477 $379,781.37
600125408 SKILLEN,PAUL G. 10152 SOUTH BELL CANYON R SANDY UT 84092 $331,782.83
600125414 GRAY,R. MICHAEL,DIXI 7366 SOUTH 1840 EAST SALT LAKE CITY UT 84121 $329,772.90
600125416 HALL,THOMAS 90 WEST WESTVIEW DRIVE OREM UT 84058 $267,833.43
600125432 GRUBB,PATRICIA 288 EDWARDS VILLAGE BOULE EDWARDS CO 81632 $231,606.90
600125450 WILLIAMS,TERRY N.,TERESA 40011 LACOMB DRIVE LEBANON OR 97355 $267,629.91
600125455 JONES,PETER,MICHELLE 416 SOUTHWEST EDGECLIFF R PORTLAND OR 97219 $899,495.45
600125463 PARK,HOWARD,HANNA 4742 NORTHWEST RAINIER TE PORTLAND OR 97229 $245,750.62
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125340 INGALSBE,GERALD,PAMELA 7.750 .250 7.500 .0400 7.460 12/01/2012
600125354 KING,JOHN,SANDY 8.000 .250 7.750 .0400 7.710 11/01/2012
600125360 LYMAN,TRINE 7.750 .250 7.500 .0400 7.460 12/01/2012
600125381 CARGILL,KATHERINE 8.500 .250 8.250 .0400 8.210 01/01/2013
600125382 ALGARIN,E. FRANK,BARBAR 8.500 .250 8.250 .0400 8.210 01/01/2013
600125391 ROBERTS/ROBERTS,ROBERT/SA 8.375 .250 8.125 .0400 8.085 12/01/2012
600125403 HUNT,DAVID,DEBORAH 8.750 .250 8.500 .0400 8.460 01/01/2013
600125408 SKILLEN,PAUL G. 8.125 .250 7.875 .0400 7.835 01/01/2013
600125414 GRAY,R. MICHAEL,DIXI 7.875 .250 7.625 .0400 7.585 01/01/2013
600125416 HALL,THOMAS 8.375 .250 8.125 .0400 8.085 01/01/2013
600125432 GRUBB,PATRICIA 8.875 .250 8.625 .0400 8.585 11/01/2012
600125450 WILLIAMS,TERRY N.,TERESA 7.875 .250 7.625 .0400 7.585 12/01/2012
600125455 JONES,PETER,MICHELLE 8.875 .250 8.625 .0400 8.585 01/01/2013
600125463 PARK,HOWARD,HANNA 7.875 .250 7.625 .0400 7.585 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125340 INGALSBE,GERALD,PAMELA 543306 $2,056.10 02/01/1998 180
600125354 KING,JOHN,SANDY 543402 $2,010.51 02/01/1998 180
600125360 LYMAN,TRINE 543431 $1,912.82 02/01/1998 180
600125381 CARGILL,KATHERINE 543582 $2,214.47 02/01/1998 180
600125382 ALGARIN,E. FRANK,BARBAR 543595 $2,034.55 02/01/1998 180
600125391 ROBERTS/ROBERTS,ROBERT/SA 543644 $2,272.62 02/01/1998 180
600125403 HUNT,DAVID,DEBORAH 543705 $2,989.46 02/01/1998 180
600125408 SKILLEN,PAUL G. 543736 $2,465.09 02/01/1998 180
600125414 GRAY,R. MICHAEL,DIXI 543766 $2,392.73 02/01/1998 180
600125416 HALL,THOMAS 543792 $2,036.99 02/01/1998 180
600125432 GRUBB,PATRICIA 543873 $1,845.90 02/01/1998 180
600125450 WILLIAMS,TERRY N.,TERESA 544321 $1,943.19 02/01/1998 180
600125455 JONES,PETER,MICHELLE 544361 $7,160.80 02/01/1998 180
600125463 PARK,HOWARD,HANNA 544427 $2,344.57 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125340 INGALSBE,GERALD,PAMELA $385,000.00 N
600125354 KING,JOHN,SANDY $342,500.00 N
600125360 LYMAN,TRINE $342,000.00 N
600125381 CARGILL,KATHERINE $360,000.00 N
600125382 ALGARIN,E. FRANK,BARBAR $330,750.00 N
600125391 ROBERTS/ROBERTS,ROBERT/SA $393,000.00 N
600125403 HUNT,DAVID,DEBORAH $600,000.00 N
600125408 SKILLEN,PAUL G. $415,000.00 N
600125414 GRAY,R. MICHAEL,DIXI $435,000.00 N
600125416 HALL,THOMAS $335,000.00 N
600125432 GRUBB,PATRICIA $290,000.00 N
600125450 WILLIAMS,TERRY N.,TERESA $390,000.00 N
600125455 JONES,PETER,MICHELLE $1,160,000.00 N
600125463 PARK,HOWARD,HANNA $309,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 30
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125466 NGUYEN,LY B. 9249 SOUTHEAST HUNTERS BL PORTLAND OR 97266 $268,697.28
600125480 GABRIEL JR.,HARRY,MELODY 2325 OAKHURST LANE LAKE OSWEGO OR 97034 $362,804.80
600125504 LEHL,JERALD/MARY 16021 SOUTHEAST TEN EYCK SANDY OR 97055 $355,784.34
600125526 ADAMS,TIMOTHY 486 CHATHAM ROAD BURLINGAME CA 94010 $335,640.00
600125527 MALEY/MALEY,SEAN/WILLIAM 3 WALKER STREET MILL VALLEY CA 94941 $311,470.78
600125534 MCNEIL,ALLYSON 1656 KENNARD WAY SUNNYVALE CA 94087 $304,236.48
600125536 ARFAE/PIROUZAN,BIZAN,ZAHR 45 MILLER RANCH COURT SAN RAFAEL CA 94903 $230,538.36
600125537 PUCCINELLI,ROBERT,LYNETTE 17866 BERTA CANYON ROAD SALINAS CA 93907 $230,615.81
600125547 NEARY/REYNOLDS,STEPHEN/MA 912-914 PALM AVENUE SAN MATEO CA 94401 $475,624.83
600125559 RICE,STEVEN,EUGENIA 9911 SOUTH COLONY GROVE L VILLA PARK CA 92861 $343,536.82
600125562 CLARK,DONALD,ESTHER 200 EAST 20TH STREET COSTA MESA CA 92627 $248,296.23
600125571 TAFT,DONNA 5577 PERUGIA CIRCLE SAN JOSE CA 95138 $639,559.35
600125576 CHAFFEE,GLENN,DEBRA 1522 SOUTH ORANGE AVENUE EL CAJON CA 92020 $419,231.26
600125577 ESTEBAN,ENELITA 12689 VIA COLMENAR SAN DIEGO CA 92129 $311,590.44
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125466 NGUYEN,LY B. 8.875 .250 8.625 .0400 8.585 12/01/2012
600125480 GABRIEL JR.,HARRY,MELODY 7.875 .250 7.625 .0400 7.585 12/01/2012
600125504 LEHL,JERALD/MARY 8.500 .250 8.250 .0400 8.210 01/01/2013
600125526 ADAMS,TIMOTHY 8.000 .250 7.750 .0400 7.710 01/01/2013
600125527 MALEY/MALEY,SEAN/WILLIAM 8.875 .250 8.625 .0400 8.585 11/01/2012
600125534 MCNEIL,ALLYSON 8.375 .250 8.125 .0400 8.085 12/01/2012
600125536 ARFAE/PIROUZAN,BIZAN,ZAHR 8.125 .250 7.875 .0400 7.835 12/01/2012
600125537 PUCCINELLI,ROBERT,LYNETTE 8.875 .250 8.625 .0400 8.585 11/01/2012
600125547 NEARY/REYNOLDS,STEPHEN/MA 8.125 .250 7.875 .0400 7.835 12/01/2012
600125559 RICE,STEVEN,EUGENIA 8.000 .250 7.750 .0400 7.710 12/01/2012
600125562 CLARK,DONALD,ESTHER 8.250 .250 8.000 .0400 7.960 01/01/2013
600125571 TAFT,DONNA 8.125 .250 7.875 .0400 7.835 12/01/2012
600125576 CHAFFEE,GLENN,DEBRA 8.500 .250 8.250 .0400 8.210 11/01/2012
600125577 ESTEBAN,ENELITA 8.125 .250 7.875 .0400 7.835 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125466 NGUYEN,LY B. 544458 $2,140.28 02/01/1998 180
600125480 GABRIEL JR.,HARRY,MELODY 544546 $2,637.08 02/01/1998 180
600125504 LEHL,JERALD/MARY 544726 $2,737.33 02/01/1998 180
600125526 ADAMS,TIMOTHY 545499 $2,465.45 02/01/1998 180
600125527 MALEY/MALEY,SEAN/WILLIAM 545503 $2,482.41 02/01/1998 180
600125534 MCNEIL,ALLYSON 546330 $2,316.70 02/01/1998 180
600125536 ARFAE/PIROUZAN,BIZAN,ZAHR 546431 $1,715.17 02/01/1998 180
600125537 PUCCINELLI,ROBERT,LYNETTE 546503 $1,845.90 02/01/1998 180
600125547 NEARY/REYNOLDS,STEPHEN/MA 546801 $3,536.14 02/01/1998 180
600125559 RICE,STEVEN,EUGENIA 548214 $2,524.15 02/01/1998 180
600125562 CLARK,DONALD,ESTHER 548224 $2,415.65 02/01/1998 180
600125571 TAFT,DONNA 548360 $4,754.95 02/01/1998 180
600125576 CHAFFEE,GLENN,DEBRA 548554 $3,229.44 02/01/1998 180
600125577 ESTEBAN,ENELITA 548621 $2,316.59 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125466 NGUYEN,LY B. $369,000.00 N
600125480 GABRIEL JR.,HARRY,MELODY $500,000.00 N
600125504 LEHL,JERALD/MARY $450,000.00 N
600125526 ADAMS,TIMOTHY $420,000.00 N
600125527 MALEY/MALEY,SEAN/WILLIAM $390,000.00 N
600125534 MCNEIL,ALLYSON $381,000.00 N
600125536 ARFAE/PIROUZAN,BIZAN,ZAHR $315,000.00 N
600125537 PUCCINELLI,ROBERT,LYNETTE $290,000.00 N
600125547 NEARY/REYNOLDS,STEPHEN/MA $635,000.00 N
600125559 RICE,STEVEN,EUGENIA $430,000.00 N
600125562 CLARK,DONALD,ESTHER $350,000.00 N
600125571 TAFT,DONNA $800,537.00 N
600125576 CHAFFEE,GLENN,DEBRA $546,000.00 N
600125577 ESTEBAN,ENELITA $416,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 31
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125582 WILSON,DAWN 7231 EL FUERTE STREET CARLSBAD CA 92009 $554,289.76
600125592 NGUYEN/DOAN,KINH/KIM 8526 HOPSEED LANE SAN DIEGO CA 92129 $269,624.86
600125647 FLOYD,FRANCIS,JOYCE 2821 2ND AVENUE SEATTLE WA 98121 $239,301.12
600125651 CANTU/KASNICK,EDITH/PATRI 14227 117TH AVENUE NORTHE KIRKLAND WA 98034 $233,861.85
600125654 ARELLANO,TIMOTHY J. 3940 259TH WAY NORTHEAST REDMOND WA 98053 $362,124.78
600125658 MATTHEWS,GARY, LINDA 19200 HIGHWAY 9 SNOHOMISH WA 98296 $271,558.20
600125667 BRISBANE,STEPHEN, LAURA 220 C STREET BLAINE WA 98230 $359,605.25
600125671 BUE,TERRY 1115 142ND PLACE NORTHEAS BELLEVUE WA 98007 $319,558.11
600125677 NICHOLS,DAVID, HOLLAN 22404 SOUTHEAST 300TH STR KENT WA 98042 $283,627.20
600125679 CAMPBELL,WILLIAM, EMILY 2121 NORTHEAST PERKINS WA SEATTLE WA 98155 $266,234.42
600125689 MULCAHEY,EDWARD F. 8726 OVERLAKE BOULEVARD W MEDINA WA 98004 $367,771.26
600125699 HUYSING/WOO,PETER/DAWN 2659 230TH AVENUE SOUTHEA ISSAQUAH WA 98029 $269,977.73
600125705 COPELAND,THOMAS, MERRIE 3817 MOUNT BAKER HIGHWAY EVERSON WA 98247 $241,346.00
600125723 BRADY,DANIEL,BARBARA 15543 SOUTHEAST 66TH PLAC BELLEVUE WA 98006 $275,219.91
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125582 WILSON,DAWN 8.250 .250 8.000 .0400 7.960 12/01/2012
600125592 NGUYEN/DOAN,KINH/KIM 8.000 .250 7.750 .0400 7.710 11/01/2012
600125647 FLOYD,FRANCIS,JOYCE 8.375 .250 8.125 .0400 8.085 12/01/2012
600125651 CANTU/KASNICK,EDITH/PATRI 8.625 .250 8.375 .0400 8.335 01/01/2013
600125654 ARELLANO,TIMOTHY J. 8.375 .250 8.125 .0400 8.085 01/01/2013
600125658 MATTHEWS,GARY, LINDA 7.750 .250 7.500 .0400 7.460 01/01/2013
600125667 BRISBANE,STEPHEN, LAURA 9.000 .250 8.750 .0400 8.710 12/01/2012
600125671 BUE,TERRY 7.875 .250 7.625 .0400 7.585 12/01/2012
600125677 NICHOLS,DAVID, HOLLAN 8.125 .250 7.875 .0400 7.835 12/01/2012
600125679 CAMPBELL,WILLIAM, EMILY 8.375 .250 8.125 .0400 8.085 01/01/2013
600125689 MULCAHEY,EDWARD F. 8.375 .250 8.125 .0400 8.085 01/01/2013
600125699 HUYSING/WOO,PETER/DAWN 8.250 .250 8.000 .0400 7.960 01/01/2013
600125705 COPELAND,THOMAS, MERRIE 8.250 .250 8.000 .0400 7.960 01/01/2013
600125723 BRADY,DANIEL,BARBARA 8.250 .250 8.000 .0400 7.960 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125582 WILSON,DAWN 548806 $4,169.53 02/01/1998 180
600125592 NGUYEN/DOAN,KINH/KIM 548987 $2,599.37 02/01/1998 180
600125647 FLOYD,FRANCIS,JOYCE 549794 $1,821.13 02/01/1998 180
600125651 CANTU/KASNICK,EDITH/PATRI 549830 $1,820.03 2 02/01/1998 180
600125654 ARELLANO,TIMOTHY J. 549851 $2,754.12 02/01/1998 180
600125658 MATTHEWS,GARY, LINDA 549898 $1,946.85 02/01/1998 180
600125667 BRISBANE,STEPHEN, LAURA 549953 $2,896.64 02/01/1998 180
600125671 BUE,TERRY 549972 $2,320.22 02/01/1998 180
600125677 NICHOLS,DAVID, HOLLAN 550007 $2,108.69 02/01/1998 180
600125679 CAMPBELL,WILLIAM, EMILY 550018 $2,024.83 02/01/1998 180
600125689 MULCAHEY,EDWARD F. 550072 $2,797.07 02/01/1998 180
600125699 HUYSING/WOO,PETER/DAWN 550153 $2,029.55 02/01/1998 180
600125705 COPELAND,THOMAS, MERRIE 550190 $1,814.31 02/01/1998 180
600125723 BRADY,DANIEL,BARBARA 550288 $2,677.59 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125582 WILSON,DAWN $740,000.00 N
600125592 NGUYEN/DOAN,KINH/KIM $340,000.00 N
600125647 FLOYD,FRANCIS,JOYCE $299,500.00 N
600125651 CANTU/KASNICK,EDITH/PATRI $260,000.00 N
600125654 ARELLANO,TIMOTHY J. $452,950.00 N
600125658 MATTHEWS,GARY, LINDA $396,375.00 N
600125667 BRISBANE,STEPHEN, LAURA $450,000.00 N
600125671 BUE,TERRY $400,000.00 N
600125677 NICHOLS,DAVID, HOLLAN $380,000.00 N
600125679 CAMPBELL,WILLIAM, EMILY $333,000.00 N
600125689 MULCAHEY,EDWARD F. $460,000.00 N
600125699 HUYSING/WOO,PETER/DAWN $337,700.00 N
600125705 COPELAND,THOMAS, MERRIE $345,000.00 N
600125723 BRADY,DANIEL,BARBARA $410,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 32
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125730 BAGBY/VAN CITTE,JAMES/MAR 20853 SOUTHEAST 123RD STR ISSAQUAH WA 98027 $325,133.69
600125790 NAZZAL,STEVEN 1204 KOTENBERG AVENUE SAN JOSE CA 95125 $259,250.76
600125828 TRIESAULT,JON 18 QUIET MEADOW LANE MAPELTON UT 84664 $439,376.91
600125865 ANDRUS,B.DON 256 SOUTH 500 EAST ST. GEORGE UT 84770 $283,823.47
600125878 HERLINGER,BENJAMIN,DORIT 9274 NORTH 103RD STREET SCOTTSDALE AZ 85258 $263,831.66
600125902 FRIESEN,CHARLES,ELAINE 3754 EAST REDFIELD ROAD GILBERT AZ 85234 $249,840.58
600125910 KELLEY,PAUL, MARY 15 WEST PASADENA AVENUE PHOENIX AZ 85013 $229,603.34
600125913 WEST,SUSAN,RANDY 3221 JACK DRIVE PRESCOTT AZ 86301 $257,427.15
600125923 FLATT,DAVID,SHARALYN 37910 NORTH 56TH STREET CAVE CREEK AZ 85331 $429,739.50
600125937 WERLE,JAMES,KATHLEEN 251 BAJA SOL DRIVE SCOTTS VALLEY CA 95066 $299,585.73
600125941 NATANSON,ALAN 1330 CLEMENT STREET SAN FRANCSICO CA 94118 $230,521.49
600125942 RA0/WATSON,RAGHU,VERONICA 75 FOLSOM STREET #1500 SAN FRANCISCO CA 94105 $431,056.01
600125945 PROSES/PROSES,BRIAN/TARA 846-850 CENTRAL AVENUE SAN FRANCISCO CA 64115 $380,312.69
600125951 WILSON,KENNETH,LORI 438 ALAMEDA AVENUE HALF MOON BAY CA 94019 $399,501.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125730 BAGBY/VAN CITTE,JAMES/MAR 8.875 .250 8.625 .0400 8.585 12/01/2012
600125790 NAZZAL,STEVEN 8.750 .250 8.500 .0400 8.460 01/01/2013
600125828 TRIESAULT,JON 7.750 .250 7.500 .0400 7.460 12/01/2012
600125865 ANDRUS,B.DON 8.375 .250 8.125 .0400 8.085 01/01/2013
600125878 HERLINGER,BENJAMIN,DORIT 8.250 .250 8.000 .0400 7.960 01/01/2013
600125902 FRIESEN,CHARLES,ELAINE 8.250 .250 8.000 .0400 7.960 01/01/2013
600125910 KELLEY,PAUL, MARY 8.250 .250 8.000 .0400 7.960 01/01/2013
600125913 WEST,SUSAN,RANDY 8.000 .250 7.750 .0400 7.710 01/01/2013
600125923 FLATT,DAVID,SHARALYN 8.500 .250 8.250 .0400 8.210 01/01/2013
600125937 WERLE,JAMES,KATHLEEN 7.875 .250 7.625 .0400 7.585 12/01/2012
600125941 NATANSON,ALAN 8.625 .250 8.375 .0400 8.335 12/01/2012
600125942 RA0/WATSON,RAGHU,VERONICA 7.625 .250 7.375 .0400 7.335 11/01/2012
600125945 PROSES/PROSES,BRIAN/TARA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125951 WILSON,KENNETH,LORI 8.375 .250 8.125 .0400 8.085 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125730 BAGBY/VAN CITTE,JAMES/MAR 550337 $2,589.82 02/01/1998 180
600125790 NAZZAL,STEVEN 552451 $2,040.70 02/01/1998 180
600125828 TRIESAULT,JON 552913 $3,152.21 02/01/1998 180
600125865 ANDRUS,B.DON 553819 $2,158.61 02/01/1998 180
600125878 HERLINGER,BENJAMIN,DORIT 553943 $1,983.34 02/01/1998 180
600125902 FRIESEN,CHARLES,ELAINE 554027 $1,878.17 02/01/1998 180
600125910 KELLEY,PAUL, MARY 554070 $1,727.91 02/01/1998 180
600125913 WEST,SUSAN,RANDY 554078 $1,890.18 02/01/1998 180
600125923 FLATT,DAVID,SHARALYN 554135 $3,306.33 02/01/1998 180
600125937 WERLE,JAMES,KATHLEEN 554937 $2,175.21 02/01/1998 180
600125941 NATANSON,ALAN 555117 $1,796.69 02/01/1998 180
600125942 RA0/WATSON,RAGHU,VERONICA 555164 $3,057.67 02/01/1998 180
600125945 PROSES/PROSES,BRIAN/TARA 555215 $2,860.82 02/01/1998 180
600125951 WILSON,KENNETH,LORI 555376 $3,040.29 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125730 BAGBY/VAN CITTE,JAMES/MAR $465,000.00 N
600125790 NAZZAL,STEVEN $324,250.00 N
600125828 TRIESAULT,JON $600,000.00 N
600125865 ANDRUS,B.DON $355,000.00 N
600125878 HERLINGER,BENJAMIN,DORIT $330,000.00 N
600125902 FRIESEN,CHARLES,ELAINE $345,000.00 N
600125910 KELLEY,PAUL, MARY $440,000.00 N
600125913 WEST,SUSAN,RANDY $322,000.00 N
600125923 FLATT,DAVID,SHARALYN $625,000.00 N
600125937 WERLE,JAMES,KATHLEEN $442,000.00 N
600125941 NATANSON,ALAN $330,000.00 N
600125942 RA0/WATSON,RAGHU,VERONICA $540,000.00 N
600125945 PROSES/PROSES,BRIAN/TARA $476,000.00 N
600125951 WILSON,KENNETH,LORI $500,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 33
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125954 KRANTZ,KENNETH,ANNA 33 CAMPBELL LANE MENLO PARK CA 94025 $637,932.58
600125957 OGREN,SUSAN 1445 GREENWOOD AVENUE SAN CARLOS CA 94070 $279,600.78
600125961 O'DONNELL/KELLY,ARTHUR,TH 9 ROSCOE STREET SAN FRANCISCO CA 94110 $259,667.28
600125971 CHAIKEN,DANA M. 82 MONZA COURT DANVILLE CA 94526 $677,946.32
600125983 KIM/JUNG,HAE/GUE 124 BUENA VISTA DRIVE FULLERTON CA 92833 $278,166.59
600126012 VENGRJOFF,MARK,LISA 54 CHANDON NEWPORT COAST A CA 92657 $365,660.65
600126037 STORM,TIMOTHY,NORA 1939 PORT BRISTOL CIRCLE NEWPORT BEACH CA 92660 $488,455.01
600126041 MONTGOMERY,RICHARD,GRACE 1807 FLOURNOY ROAD MANHATTAN BEACH CA 90266 $590,033.03
600126050 ENYEART,JACK, GAIL 3020 HIGGINS PLACE PALO ALTO CA 94303 $368,527.80
600126066 DECKERT,JACK, ROSEMARY 4646 GATETREE CIRCLE PLEASANTON CA 94566 $226,555.91
600126077 LOEHR,CHRISTINE, KURT 37727 PALO COLORADO ROAD CARMEL CA 93923 $247,158.22
600126085 CARVALHO,DENNIS,DEBORAH 1434 COUNTRY MANOR DRIVE SANTA ROSA CA 95401 $311,399.04
600126089 MAROTTA,PRESCILLA 591 EAST LAKE DASHA DRIVE PLANTATION FL 33324 $257,687.75
600126094 BALMER/KEELER,RORY/DARREL 257 OLD TOLL ROAD LAKE ARROWHEAD CA 92352 $227,408.80
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125954 KRANTZ,KENNETH,ANNA 8.250 .250 8.000 .0400 7.960 12/01/2012
600125957 OGREN,SUSAN 8.375 .250 8.125 .0400 8.085 12/01/2012
600125961 O'DONNELL/KELLY,ARTHUR,TH 8.250 .250 8.000 .0400 7.960 12/01/2012
600125971 CHAIKEN,DANA M. 7.500 .250 7.250 .0400 7.210 01/01/2013
600125983 KIM/JUNG,HAE/GUE 7.625 .250 7.375 .0400 7.335 01/01/2013
600126012 VENGRJOFF,MARK,LISA 8.125 .250 7.875 .0400 7.835 01/01/2013
600126037 STORM,TIMOTHY,NORA 7.750 .250 7.500 .0400 7.460 01/01/2013
600126041 MONTGOMERY,RICHARD,GRACE 8.375 .250 8.125 .0400 8.085 01/01/2013
600126050 ENYEART,JACK, GAIL 8.250 .250 8.000 .0400 7.960 12/01/2012
600126066 DECKERT,JACK, ROSEMARY 8.000 .250 7.750 .0400 7.710 12/01/2012
600126077 LOEHR,CHRISTINE, KURT 7.875 .250 7.625 .0400 7.585 12/01/2012
600126085 CARVALHO,DENNIS,DEBORAH 8.250 .250 8.000 .0400 7.960 11/01/2012
600126089 MAROTTA,PRESCILLA 8.500 .250 8.250 .0400 8.210 11/01/2012
600126094 BALMER/KEELER,RORY/DARREL 7.875 .250 7.625 .0400 7.585 12/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125954 KRANTZ,KENNETH,ANNA 555457 $4,798.72 02/01/1998 180
600125957 OGREN,SUSAN 555513 $2,127.82 02/01/1998 180
600125961 O'DONNELL/KELLY,ARTHUR,TH 555597 $1,953.29 02/01/1998 180
600125971 CHAIKEN,DANA M. 555796 $6,303.68 02/01/1998 180
600125983 KIM/JUNG,HAE/GUE 556330 $2,606.22 02/01/1998 180
600126012 VENGRJOFF,MARK,LISA 556648 $2,716.80 02/01/1998 180
600126037 STORM,TIMOTHY,NORA 556860 $3,501.82 02/01/1998 180
600126041 MONTGOMERY,RICHARD,GRACE 556884 $4,487.47 02/01/1998 180
600126050 ENYEART,JACK, GAIL 557016 $2,772.17 02/01/1998 180
600126066 DECKERT,JACK, ROSEMARY 557173 $2,178.89 02/01/1998 180
600126077 LOEHR,CHRISTINE, KURT 557363 $1,794.55 02/01/1998 180
600126085 CARVALHO,DENNIS,DEBORAH 557674 $2,343.95 02/01/1998 180
600126089 MAROTTA,PRESCILLA 557700 $2,560.32 02/01/1998 180
600126094 BALMER/KEELER,RORY/DARREL 557728 $2,169.58 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125954 KRANTZ,KENNETH,ANNA $912,500.00 N
600125957 OGREN,SUSAN $349,950.00 N
600125961 O'DONNELL/KELLY,ARTHUR,TH $325,000.00 N
600125971 CHAIKEN,DANA M. $1,100,000.00 N
600125983 KIM/JUNG,HAE/GUE $360,000.00 N
600126012 VENGRJOFF,MARK,LISA $457,494.00 N
600126037 STORM,TIMOTHY,NORA $611,000.00 N
600126041 MONTGOMERY,RICHARD,GRACE $738,000.00 N
600126050 ENYEART,JACK, GAIL $492,000.00 N
600126066 DECKERT,JACK, ROSEMARY $367,000.00 N
600126077 LOEHR,CHRISTINE, KURT $330,000.00 N
600126085 CARVALHO,DENNIS,DEBORAH $390,000.00 N
600126089 MAROTTA,PRESCILLA $325,000.00 N
600126094 BALMER/KEELER,RORY/DARREL $305,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 34
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126140 GEISS,JAMES,MARIA 122-124 EUROPA STREET ENCINITAS CA 92024 $256,536.57
600126142 GASKELL,MICHAEL,SUSAN 1046 ORANGEWOOD DRIVE ESCONDIDO CA 92025 $341,915.67
600126149 ROGERS,JEFFREY,KATHLEE 6019 WAVERLY AVENUE SAN DIEGO CA 92037 $391,458.69
600126154 ELSHARKAWY,MAHMOUD 6715 LEMON LEAF DRIVE CARLSBAD CA 92009 $328,828.64
600126160 MEAD,KATHRYN 8748 CASTLE HILL AVENUE LAS VEGAS NV 89129 $232,951.50
600126191 DORFMAN,BRENDA 12788 VIA FELINO SAN DIEGO CA 92014 $399,488.11
600126199 SARHAD,ROBERT,VIOLET 26 CALLE AMENO SAN CLEMENTE CA 92672 $461,050.62
600126209 CARBAJAL/LOPEZ,LUIS,SUSAN 1350 INDUSTRIAL BOULEVARD CHULA VISTA CA 91911 $231,299.33
600126225 NELSON,DONALD 12795 VIA DONADA DEL MAR CA 92014 $319,790.68
600126255 TIETZER,JEFFREY,ELIZABE 38807 WATERVIEW DRIVE BIG BEAR LAKE CA 92315 $451,391.40
600126259 VILDERMAN,ALEXANDER,NATAL 3700 DIVISADERO STREET #4 SAN FRANCISCO CA 94123 $299,596.08
600126260 MEYER,JOANNE 31 GREENWOOD AVENUE SAN RAFAEL CA 94901 $344,535.48
600126261 HARRISON,JUAN,SUZANNE 673-14TH AVENUE SAN FRANCISCO CA 94118 $321,155.91
600126270 MADULARA,ANTHONY/ESTELA 1000 BALBOA AVENUE BURLINGAME CA 94010 $419,738.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126140 GEISS,JAMES,MARIA 8.250 .250 8.000 .0400 7.960 12/01/2012
600126142 GASKELL,MICHAEL,SUSAN 7.500 .250 7.250 .0400 7.210 12/01/2012
600126149 ROGERS,JEFFREY,KATHLEE 7.875 .250 7.625 .0400 7.585 12/01/2012
600126154 ELSHARKAWY,MAHMOUD 8.250 .250 8.000 .0400 7.960 12/01/2012
600126160 MEAD,KATHRYN 8.250 .250 8.000 .0400 7.960 12/01/2012
600126191 DORFMAN,BRENDA 8.250 .250 8.000 .0400 7.960 12/01/2012
600126199 SARHAD,ROBERT,VIOLET 7.750 .250 7.500 .0400 7.460 12/01/2012
600126209 CARBAJAL/LOPEZ,LUIS,SUSAN 7.500 .250 7.250 .0400 7.210 01/01/2013
600126225 NELSON,DONALD 8.125 .250 7.875 .0400 7.835 01/01/2013
600126255 TIETZER,JEFFREY,ELIZABE 8.000 .250 7.750 .0400 7.710 12/01/2012
600126259 VILDERMAN,ALEXANDER,NATAL 8.000 .250 7.750 .0400 7.710 12/01/2012
600126260 MEYER,JOANNE 8.000 .250 7.750 .0400 7.710 12/01/2012
600126261 HARRISON,JUAN,SUZANNE 7.875 .250 7.625 .0400 7.585 12/01/2012
600126270 MADULARA,ANTHONY/ESTELA 8.375 .250 8.125 .0400 8.085 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126140 GEISS,JAMES,MARIA 557943 $2,502.96 02/01/1998 180
600126142 GASKELL,MICHAEL,SUSAN 557958 $3,188.92 02/01/1998 180
600126149 ROGERS,JEFFREY,KATHLEE 558034 $2,842.27 02/01/1998 180
600126154 ELSHARKAWY,MAHMOUD 558149 $2,473.55 02/01/1998 180
600126160 MEAD,KATHRYN 558178 $1,752.33 02/01/1998 180
600126191 DORFMAN,BRENDA 558388 $3,005.07 02/01/1998 180
600126199 SARHAD,ROBERT,VIOLET 558455 $4,365.64 02/01/1998 180
600126209 CARBAJAL/LOPEZ,LUIS,SUSAN 558515 $2,150.67 02/01/1998 180
600126225 NELSON,DONALD 558614 $2,375.99 02/01/1998 180
600126255 TIETZER,JEFFREY,ELIZABE 558869 $3,316.62 02/01/1998 180
600126259 VILDERMAN,ALEXANDER,NATAL 558906 $2,201.29 02/01/1998 180
600126260 MEYER,JOANNE 558935 $2,531.49 02/01/1998 180
600126261 HARRISON,JUAN,SUZANNE 558956 $2,331.82 02/01/1998 180
600126270 MADULARA,ANTHONY/ESTELA 559280 $3,192.30 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126140 GEISS,JAMES,MARIA $330,000.00 N
600126142 GASKELL,MICHAEL,SUSAN $430,000.00 N
600126149 ROGERS,JEFFREY,KATHLEE $490,000.00 N
600126154 ELSHARKAWY,MAHMOUD $439,000.00 N
600126160 MEAD,KATHRYN $311,000.00 N
600126191 DORFMAN,BRENDA $500,000.00 N
600126199 SARHAD,ROBERT,VIOLET $773,000.00 N
600126209 CARBAJAL/LOPEZ,LUIS,SUSAN $290,000.00 N
600126225 NELSON,DONALD $400,000.00 N
600126255 TIETZER,JEFFREY,ELIZABE $565,000.00 N
600126259 VILDERMAN,ALEXANDER,NATAL $485,000.00 N
600126260 MEYER,JOANNE $440,000.00 N
600126261 HARRISON,JUAN,SUZANNE $402,000.00 N
600126270 MADULARA,ANTHONY/ESTELA $600,000.00 N
</TABLE>
<PAGE>
<PAGE>
(vlegal.ace v1.4) Page 35
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126295 MENSCH,TIMOTHY 5926 TAFT AVENUE OAKLAND CA 94618 $253,429.84
600126296 SHONFELD,TREVOR,SUSAN 1924 DIVISADERO STREET SAN FRANCISCO CA 94115 $358,936.41
600126301 NOWICKI,MARK,DANUTA 6016 TILLMAN COURT PLEASANTON CA 94566 $593,199.57
600126304 MARTY,MARGARET 2050 EAST LOWER RIVER ROA WOODLAND UT 84036 $342,275.96
600126307 VASILEVSKAYA,SU,POLINA,IG 2474 30TH AVENUE SAN FRANCISCO CA 94116 $228,853.98
600126358 JAYES,SIMON, TINA 4423 BAKMAN AVENUE LOS ANGELES CA 91602 $271,812.81
600126364 SADRMIRZAEI,KHOUSHEH 17 BARCELONA IRVINE CA 92614 $284,604.00
600126370 WANG,RYAN 385 HUNTLEY DRIVE WEST HOLLYWOOD CA 90048 $383,748.81
600126381 SWANSON,DAVID,ELIZABETH 23838 114TH AVENUE WEST WOODWAY WA 98020 $249,832.26
600126392 ARCHER,WILLIAM B. 1930 109TH AVENUE NORTHEA BELLEVUE WA 98004 $247,841.86
600126404 VITALE,DONALD 11127 NORTHEAST WING POIN BAINBRIDGE ISLA WA 98110 $394,754.48
600126429 JENKINS,KEVIN,ELIZABETH 775 COLLIER DRIVE SAN LEANDRO CA 94577 $249,823.55
600126435 RILEY,TOM 2838 BAKER STREET SAN FRANCISCO CA 94115 $461,720.12
600126441 MURRAY,JAMES 83 WALNUT AVENUE MILL VALLEY CA 94941 $226,871.18
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126295 MENSCH,TIMOTHY 8.000 .250 7.750 .0400 7.710 01/01/2013
600126296 SHONFELD,TREVOR,SUSAN 7.750 .250 7.500 .0400 7.460 01/01/2013
600126301 NOWICKI,MARK,DANUTA 8.625 .250 8.375 .0400 8.335 01/01/2013
600126304 MARTY,MARGARET 8.125 .250 7.875 .0400 7.835 01/01/2013
600126307 VASILEVSKAYA,SU,POLINA,IG 8.250 .250 8.000 .0400 7.960 01/01/2013
600126358 JAYES,SIMON, TINA 7.875 .250 7.625 .0400 7.585 01/01/2013
600126364 SADRMIRZAEI,KHOUSHEH 7.875 .250 7.625 .0400 7.585 01/01/2013
600126370 WANG,RYAN 8.125 .250 7.875 .0400 7.835 01/01/2013
600126381 SWANSON,DAVID,ELIZABETH 8.000 .250 7.750 .0400 7.710 01/01/2013
600126392 ARCHER,WILLIAM B. 8.250 .250 8.000 .0400 7.960 01/01/2013
600126404 VITALE,DONALD 8.375 .250 8.125 .0400 8.085 01/01/2013
600126429 JENKINS,KEVIN,ELIZABETH 7.750 .250 7.500 .0400 7.460 01/01/2013
600126435 RILEY,TOM 8.500 .250 8.250 .0400 8.210 01/01/2013
600126441 MURRAY,JAMES 8.500 .250 8.250 .0400 8.210 01/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126295 MENSCH,TIMOTHY 559601 $1,860.83 02/01/1998 180
600126296 SHONFELD,TREVOR,SUSAN 559632 $3,388.59 02/01/1998 180
600126301 NOWICKI,MARK,DANUTA 559682 $4,616.57 02/01/1998 180
600126304 MARTY,MARGARET 559785 $2,543.05 02/01/1998 180
600126307 VASILEVSKAYA,SU,POLINA,IG 559856 $1,720.40 02/01/1998 180
600126358 JAYES,SIMON, TINA 560379 $1,972.19 02/01/1998 180
600126364 SADRMIRZAEI,KHOUSHEH 560490 $2,065.00 02/01/1998 180
600126370 WANG,RYAN 560542 $2,851.19 02/01/1998 180
600126381 SWANSON,DAVID,ELIZABETH 560900 $1,834.41 02/01/1998 180
600126392 ARCHER,WILLIAM B. 560955 $1,863.14 02/01/1998 180
600126404 VITALE,DONALD 561039 $3,002.29 02/01/1998 180
600126429 JENKINS,KEVIN,ELIZABETH 563005 $1,791.03 02/01/1998 180
600126435 RILEY,TOM 563073 $3,552.38 02/01/1998 180
600126441 MURRAY,JAMES 563147 $2,240.28 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126295 MENSCH,TIMOTHY $317,000.00 N
600126296 SHONFELD,TREVOR,SUSAN $450,000.00 N
600126301 NOWICKI,MARK,DANUTA $741,956.00 N
600126304 MARTY,MARGARET $600,000.00 N
600126307 VASILEVSKAYA,SU,POLINA,IG $340,000.00 N
600126358 JAYES,SIMON, TINA $340,000.00 N
600126364 SADRMIRZAEI,KHOUSHEH $356,000.00 N
600126370 WANG,RYAN $480,000.00 N
600126381 SWANSON,DAVID,ELIZABETH $320,000.00 N
600126392 ARCHER,WILLIAM B. $310,000.00 N
600126404 VITALE,DONALD $610,000.00 N
600126429 JENKINS,KEVIN,ELIZABETH $315,000.00 N
600126435 RILEY,TOM $577,500.00 N
600126441 MURRAY,JAMES $565,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 36
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126445 RIGLER,JOEL,DONNA 2506 BEAN CREEK ROAD SCOTTS VALLEY CA 95066 $298,194.64
600126446 RUPEL,KENNETH 566-566A CHENERY STREET SAN FRANCISCO CA 94131 $337,390.17
600126452 GILLINGHAM,DAVID,SUSAN 918 D AVENUE CORONADO CA 92118 $300,817.65
600126520 GRAVIER,GUILLE 2617 HARLESDEN COURT LOS ANGELES CA 90046 $383,755.14
600126800 PLANALP,JOHN E 311 WILLOWBROOK LN CINCINNATI OH 45215 $282,761.81
600126801 WOODWARD,ELLEN N 5545 87TH CT SW MUKILTEO WA 98275 $301,854.43
600126802 HODGMAN,ROBERT S 2 ALLWOOD COURT GREENSBORO NC 27403 $441,628.08
600126803 BURTON,TIMOTHY 504 GLENVIEW AVE OCONOMOWOC WI 53066 $255,162.88
600126804 PHELPS,WILLIAM J 9 DEER MEADOW DR DALLAS PA 18162 $262,218.73
600126805 TURK,PAUL G 111 FIELD SPRINGS CT MACON GA 31210 $495,391.68
600126806 WEINER,BRUCE M 212 N GORDON RD FT LAUDERDALE FL 33301 $245,647.63
600126807 BETTCHER,THOMAS E 225 HAVEN RD DAYTON OH 45419 $297,289.47
600126808 SEARLS,CRAIG A 2942 GRAY ST OAKTON VA 02212 $305,036.39
600126816 SINGH,GYANENDRA 9055 WHISPERING HILLS DR CINCINNATI OH 45242 $640,011.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126445 RIGLER,JOEL,DONNA 7.875 .250 7.625 .0400 7.585 01/01/2013
600126446 RUPEL,KENNETH 8.375 .250 8.125 .0400 8.085 01/01/2013
600126452 GILLINGHAM,DAVID,SUSAN 8.500 .250 8.250 .0400 8.210 01/01/2013
600126520 GRAVIER,GUILLE 8.250 .250 8.000 .0400 7.960 01/01/2013
600126800 PLANALP,JOHN E 7.375 .250 7.125 .0500 7.075 06/01/2012
600126801 WOODWARD,ELLEN N 7.500 .250 7.250 .0500 7.200 07/01/2012
600126802 HODGMAN,ROBERT S 7.375 .250 7.125 .0500 7.075 08/01/2012
600126803 BURTON,TIMOTHY 7.375 .250 7.125 .0500 7.075 10/01/2012
600126804 PHELPS,WILLIAM J 7.000 .250 6.750 .0500 6.700 10/01/2012
600126805 TURK,PAUL G 7.375 .250 7.125 .0500 7.075 11/01/2012
600126806 WEINER,BRUCE M 7.375 .250 7.125 .0500 7.075 01/01/2013
600126807 BETTCHER,THOMAS E 7.375 .250 7.125 .0500 7.075 01/01/2013
600126808 SEARLS,CRAIG A 7.250 .250 7.000 .0500 6.950 11/01/2012
600126816 SINGH,GYANENDRA 7.500 .250 7.250 .0500 7.200 09/01/2012
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126445 RIGLER,JOEL,DONNA 563230 $2,163.61 02/01/1998 180
600126446 RUPEL,KENNETH 563268 $2,566.00 02/01/1998 180
600126452 GILLINGHAM,DAVID,SUSAN 565917 $2,314.43 02/01/1998 180
600126520 GRAVIER,GUILLE 569419 $2,884.86 02/01/1998 180
600126800 PLANALP,JOHN E 092481722 $2,667.78 02/01/1998 180
600126801 WOODWARD,ELLEN N 092481704 $2,859.84 02/01/1998 180
600126802 HODGMAN,ROBERT S 092481720 $4,139.66 02/01/1998 180
600126803 BURTON,TIMOTHY 092481719 $2,391.81 02/01/1998 180
600126804 PHELPS,WILLIAM J 092481718 $2,387.29 02/01/1998 180
600126805 TURK,PAUL G 092481778 $4,599.62 02/01/1998 180
600126806 WEINER,BRUCE M 09248180555 $2,266.70 02/01/1998 180
600126807 BETTCHER,THOMAS E 092481703 $2,743.22 02/01/1998 180
600126808 SEARLS,CRAIG A 092481721 $2,811.62 02/01/1998 180
600126816 SINGH,GYANENDRA 09248182888 $6,025.12 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126445 RIGLER,JOEL,DONNA $373,000.00 N
600126446 RUPEL,KENNETH $422,000.00 N
600126452 GILLINGHAM,DAVID,SUSAN $430,000.00 N
600126520 GRAVIER,GUILLE $480,000.00 N
600126800 PLANALP,JOHN E .00 .00 .00 .000 .250 .300 $389,500.00 N
600126801 WOODWARD,ELLEN N .00 .00 .00 .000 .250 .300 $425,000.00 N
600126802 HODGMAN,ROBERT S .00 .00 .00 .000 .250 .300 $565,000.00 N
600126803 BURTON,TIMOTHY .00 .00 .00 .000 .250 .300 $700,000.00 N
600126804 PHELPS,WILLIAM J .00 .00 .00 .000 .250 .300 $335,000.00 N
600126805 TURK,PAUL G .00 .00 .00 .000 .250 .300 $715,000.00 N
600126806 WEINER,BRUCE M .00 .00 .00 .000 .250 .300 $352,000.00 N
600126807 BETTCHER,THOMAS E .00 .00 .00 .000 .250 .300 $600,000.00 N
600126808 SEARLS,CRAIG A .00 .00 .00 .000 .250 .300 $385,000.00 N
600126816 SINGH,GYANENDRA .00 .00 .00 .000 .250 .300 $1,100,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 37
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129093 THOMAS CK CHEUNG 12245 BRIAR KNOLL WAY SAN DIEGO CA 92128 $280,350.00
600129098 DAVID N DALTON 341 CYPRESS POINT HALF MOON BAY CA 94019 $742,750.01
600129099 DENNIS JAMES HOCEVAR 3350 TREVIS WAY CARMEL CA 93923 $350,000.00
600129104 MONROE W ROBERTSON 7633 SOUTH WACO STREET AURORA CO 80016 $675,696.74
600129109 TERRY A GELDERSMA 8380 BAILEAU OAKS DRIVE S ADA MI 49301 $281,445.46
600129116 KAMRAN DELJOU 65 FINCH FOREST TRAIL ATLANTA GA 30327 $542,107.81
600129119 KENNETH R SCHUSTER 313 HARVARD AVENUE CAPE MAY POINT NJ 08212 $422,000.00
600129120 ROBERT W FARR 750 PEACH ORCHARD DRIVE NASHVILLE TN 37204 $267,548.40
600129121 CHARLES RAMOUS MOSER 26 WAVERLY PLACE METAIRIE LA 70003 $300,000.00
600129122 SETH WASCHITZ 80 CRYSTAL COURT HEWLETT NY 11557 $275,184.58
600129129 DONNA M SANTORO 77 PRESCOTT DR HUDSON OH 44236 $310,250.00
600129131 DAVID L BROWER 18905 SE 282ND CT KENT WA 98042 $236,276.34
600129134 MIRIAM L CASEY 135 SEALE AVENUE PALO ALTO CA 94301 $777,695.55
600129138 JAMES JINMO KIM 1184 ABELIA AVENUE CARLSBAD CA 92009 $278,850.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129093 THOMAS CK CHEUNG 6.875 .250 6.625 .0500 6.575 02/01/2013
600129098 DAVID N DALTON 7.500 .250 7.250 .0500 7.200 01/01/2013
600129099 DENNIS JAMES HOCEVAR 7.375 .250 7.125 .0500 7.075 02/01/2013
600129104 MONROE W ROBERTSON 7.000 .250 6.750 .0500 6.700 12/01/2012
600129109 TERRY A GELDERSMA 7.625 .250 7.375 .0500 7.325 12/01/2012
600129116 KAMRAN DELJOU 7.500 .250 7.250 .0500 7.200 01/01/2013
600129119 KENNETH R SCHUSTER 7.625 .250 7.375 .0500 7.325 02/01/2013
600129120 ROBERT W FARR 7.625 .250 7.375 .0500 7.325 01/01/2013
600129121 CHARLES RAMOUS MOSER 7.250 .250 7.000 .0500 6.950 02/01/2013
600129122 SETH WASCHITZ 7.750 .250 7.500 .0500 7.450 01/01/2013
600129129 DONNA M SANTORO 7.000 .250 6.750 .0500 6.700 02/01/2013
600129131 DAVID L BROWER 7.375 .250 7.125 .0500 7.075 01/01/2013
600129134 MIRIAM L CASEY 7.750 .250 7.500 .0500 7.450 01/01/2013
600129138 JAMES JINMO KIM 7.250 .250 7.000 .0500 6.950 02/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129093 THOMAS CK CHEUNG 2710597 $2,500.31 02/01/1998 180
600129098 DAVID N DALTON 2833738 $6,906.24 02/01/1998 180
600129099 DENNIS JAMES HOCEVAR 2833983 $3,219.73 02/01/1998 180
600129104 MONROE W ROBERTSON 4583490 $6,112.04 02/01/1998 180
600129109 TERRY A GELDERSMA 4706749 $2,652.93 02/01/1998 180
600129116 KAMRAN DELJOU 4815488 $5,040.63 02/01/1998 180
600129119 KENNETH R SCHUSTER 4859845 $3,942.03 02/01/1998 180
600129120 ROBERT W FARR 4867179 $2,506.74 02/01/1998 180
600129121 CHARLES RAMOUS MOSER 4896296 $2,738.59 02/01/1998 180
600129122 SETH WASCHITZ 4906309 $2,597.92 02/01/1998 180
600129129 DONNA M SANTORO 5108082 $2,788.61 18 02/01/1998 180
600129131 DAVID L BROWER 5139936 $2,180.22 02/01/1998 180
600129134 MIRIAM L CASEY 5174818 $7,341.95 02/01/1998 180
600129138 JAMES JINMO KIM 5230893 $2,545.52 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129093 THOMAS CK CHEUNG $355,000.00 N
600129098 DAVID N DALTON $1,250,000.00 N
600129099 DENNIS JAMES HOCEVAR $550,000.00 N
600129104 MONROE W ROBERTSON $850,000.00 N
600129109 TERRY A GELDERSMA $600,000.00 N
600129116 KAMRAN DELJOU $950,000.00 N
600129119 KENNETH R SCHUSTER $625,000.00 N
600129120 ROBERT W FARR $415,000.00 N
600129121 CHARLES RAMOUS MOSER $470,000.00 N
600129122 SETH WASCHITZ $345,000.00 N
600129129 DONNA M SANTORO $365,000.00 N
600129131 DAVID L BROWER $311,000.00 N
600129134 MIRIAM L CASEY $1,650,000.00 N
600129138 JAMES JINMO KIM $352,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 38
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129140 ROBERT EDWARD COX 355 LONG POINT LONG BEACH CA 90803 $534,345.38
600129146 ROGER L DUDLEY 9765 HUNTCLIFF TRACE ATLANTA GA 30350 $306,041.91
600129149 MICHAEL G LONG 10199 NORTH PONDEROSA DRI FRESNO CA 93720 $374,066.85
600129153 PAILLA MALLA REDDY 12 OLD SEARINGTOWN ROAD SEARINGTOWN NY 11507 $387,000.00
600129157 YUNG CHIN 50 COWDIN CIRCLE CHAPPAQUA NY 10514 $250,000.00
600129166 YEONG MING HWANG 14120 DONELSON PLACE LOS ALTOS HILLS CA 94022 $398,751.68
600129167 JOHN C COONS 19168 DE HAVILLAND DRIVE SARATOGA CA 95070 $518,429.54
600129169 GEORGE L GONDREZICK 628 17TH STREET HUNTINGTON BEAC CA 92648 $259,122.92
600129184 LLOYD SHEHAB 7509 SOUTHBY DRIVE WEST HILLS CA 91304 $312,054.70
600129190 VICTOR B SIEW 105 IRVINE COVE PLACE LAGUNA BEACH CA 92651 $1,260,000.00
600129195 HU YU-JUI LEI 2422 SEGOVIA LA VERNE CA 91750 $362,888.56
600129207 MICHAEL HOMAYUNJU 1237 CASIANO ROAD LOS ANGELES CA 90049 $622,776.04
600129208 RAM PRASAD RAO 304 CURTNER ROAD FREMONT CA 94539 $339,608.40
600129212 GARY B FILLER 1389 BOX ELDER DRIVE ALPINE UT 84004 $999,950.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129140 ROBERT EDWARD COX 7.250 .250 7.000 .0500 6.950 01/01/2013
600129146 ROGER L DUDLEY 7.125 .250 6.875 .0500 6.825 01/01/2013
600129149 MICHAEL G LONG 7.500 .250 7.250 .0500 7.200 01/01/2013
600129153 PAILLA MALLA REDDY 7.250 .250 7.000 .0500 6.950 02/01/2013
600129157 YUNG CHIN 7.500 .250 7.250 .0500 7.200 02/01/2013
600129166 YEONG MING HWANG 7.125 .250 6.875 .0500 6.825 01/01/2013
600129167 JOHN C COONS 7.500 .250 7.250 .0500 7.200 01/01/2013
600129169 GEORGE L GONDREZICK 7.375 .250 7.125 .0500 7.075 01/01/2013
600129184 LLOYD SHEHAB 7.500 .250 7.250 .0500 7.200 01/01/2013
600129190 VICTOR B SIEW 7.250 .250 7.000 .0500 6.950 02/01/2013
600129195 HU YU-JUI LEI 7.375 .250 7.125 .0500 7.075 01/01/2013
600129207 MICHAEL HOMAYUNJU 7.250 .250 7.000 .0500 6.950 01/01/2013
600129208 RAM PRASAD RAO 7.125 .250 6.875 .0500 6.825 01/01/2013
600129212 GARY B FILLER 7.000 .250 6.750 .0500 6.700 02/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129140 ROBERT EDWARD COX 5263622 $4,892.95 02/01/1998 180
600129146 ROGER L DUDLEY 5347323 $2,780.90 02/01/1998 180
600129149 MICHAEL G LONG 5365222 $3,478.15 02/01/1998 180
600129153 PAILLA MALLA REDDY 5404351 $3,532.78 02/01/1998 180
600129157 YUNG CHIN 5405870 $2,317.53 02/01/1998 180
600129166 YEONG MING HWANG 5465949 $3,623.32 02/01/1998 180
600129167 JOHN C COONS 5467212 $4,820.46 02/01/1998 180
600129169 GEORGE L GONDREZICK 5548732 $2,391.80 02/01/1998 180
600129184 LLOYD SHEHAB 5633090 $2,901.55 02/01/1998 180
600129190 VICTOR B SIEW 5788921 ********* 02/01/1998 180
600129195 HU YU-JUI LEI 5806527 $3,348.52 02/01/1998 180
600129207 MICHAEL HOMAYUNJU 5872784 $5,705.39 02/01/1998 180
600129208 RAM PRASAD RAO 5876795 $3,088.88 02/01/1998 180
600129212 GARY B FILLER 5880873 $8,987.83 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129140 ROBERT EDWARD COX $670,000.00 N
600129146 ROGER L DUDLEY $420,000.00 N
600129149 MICHAEL G LONG $536,000.00 N
600129153 PAILLA MALLA REDDY $648,000.00 N
600129157 YUNG CHIN $745,000.00 N
600129166 YEONG MING HWANG $1,725,000.00 N
600129167 JOHN C COONS $700,000.00 N
600129169 GEORGE L GONDREZICK $325,000.00 N
600129184 LLOYD SHEHAB $484,000.00 N
600129190 VICTOR B SIEW $2,400,000.00 N
600129195 HU YU-JUI LEI $522,000.00 N
600129207 MICHAEL HOMAYUNJU $850,000.00 N
600129208 RAM PRASAD RAO $860,000.00 N
600129212 GARY B FILLER $2,100,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 39
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129218 DAVID E MARSLAND 3953 ACAPULCO DRIVE CAMPBELL CA 95008 $319,012.17
600129220 DANIEL M WEED 1130 CAMINO PABLO SAN JOSE CA 95125 $356,918.80
600129221 ARTHUR DOUGLAS ALLEN 1322 ISABELLE AVENUE MOUNTAIN VIEW CA 94040 $365,879.40
600129222 JOHN D DILENA 176 AVENIDA MIRAFLORES TIBURON CA 94920 $545,000.00
600129225 NATHAN J AVERICK 2737 W FARGO CHICAGO IL 60645 $360,918.66
600129228 YVONNE J BRYSON 2172 STRADELLA ROAD LOS ANGELES CA 90077 $635,000.00
600129229 JACK ELINSON 515 OCEAN AVENUE #302 SANT MONICA CA 90402 $348,942.96
600129232 I ROBERT MATLOFF 8000 NORTH COCONINO ROAD PARADISE VALLEY AZ 85253 $625,000.00
600129252 SAFI J TAHA 2320 SE 8 COURT POMPANO BEACH FL 33062 $315,000.00
600129253 RONALD G RABINOWITZ 1770 EAGLE TRACE BOULEVAR CORAL SPRINGS FL 33071 $300,000.00
600129254 KIP KOSKI 0010 FENDER LANE CARBONDALE CO 81623 $398,778.64
600129259 SAMUEL SZTEINBAUM 116 BEACH PARK BOULEVARD FOSTER CITY CA 94404 $332,000.00
600129274 EILEEN V KELLY 2204 CANTERBURY DRIVE FORT WORTH TX 76107 $275,000.00
600129282 W HOWARD HOFFMAN 7140 PINE STREET LAS VEGAS NV 89120 $825,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129218 DAVID E MARSLAND 7.250 .250 7.000 .0500 6.950 01/01/2013
600129220 DANIEL M WEED 7.500 .250 7.250 .0500 7.200 01/01/2013
600129221 ARTHUR DOUGLAS ALLEN 7.375 .250 7.125 .0500 7.075 01/01/2013
600129222 JOHN D DILENA 7.125 .250 6.875 .0500 6.825 02/01/2013
600129225 NATHAN J AVERICK 7.625 .250 7.375 .0500 7.325 01/01/2013
600129228 YVONNE J BRYSON 7.625 .250 7.375 .0500 7.325 02/01/2013
600129229 JACK ELINSON 7.500 .250 7.250 .0500 7.200 01/01/2013
600129232 I ROBERT MATLOFF 7.000 .250 6.750 .0500 6.700 02/01/2013
600129252 SAFI J TAHA 7.250 .250 7.000 .0500 6.950 02/01/2013
600129253 RONALD G RABINOWITZ 7.500 .250 7.250 .0500 7.200 02/01/2013
600129254 KIP KOSKI 7.375 .250 7.125 .0500 7.075 01/01/2013
600129259 SAMUEL SZTEINBAUM 7.375 .250 7.125 .0500 7.075 02/01/2013
600129274 EILEEN V KELLY 7.375 .250 7.125 .0500 7.075 02/01/2013
600129282 W HOWARD HOFFMAN 7.625 .250 7.375 .0500 7.325 02/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129218 DAVID E MARSLAND 5895272 $2,921.16 02/01/1998 180
600129220 DANIEL M WEED 5919392 $3,318.70 02/01/1998 180
600129221 ARTHUR DOUGLAS ALLEN 5919832 $3,376.12 02/01/1998 180
600129222 JOHN D DILENA 5919853 $4,936.78 02/01/1998 180
600129225 NATHAN J AVERICK 5927944 $3,381.55 02/01/1998 180
600129228 YVONNE J BRYSON 5944662 $5,931.72 02/01/1998 180
600129229 JACK ELINSON 5945166 $3,244.54 02/01/1998 180
600129232 I ROBERT MATLOFF 5947965 $5,617.68 02/01/1998 180
600129252 SAFI J TAHA 6067008 $2,875.52 02/01/1998 180
600129253 RONALD G RABINOWITZ 6077557 $2,781.04 02/01/1998 180
600129254 KIP KOSKI 6079395 $3,679.69 02/01/1998 180
600129259 SAMUEL SZTEINBAUM 6116901 $3,054.15 02/01/1998 180
600129274 EILEEN V KELLY 6190425 $2,529.79 02/01/1998 180
600129282 W HOWARD HOFFMAN 6246474 $7,706.57 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129218 DAVID E MARSLAND $400,000.00 N
600129220 DANIEL M WEED $544,000.00 N
600129221 ARTHUR DOUGLAS ALLEN $690,000.00 N
600129222 JOHN D DILENA $1,100,000.00 N
600129225 NATHAN J AVERICK $453,000.00 N
600129228 YVONNE J BRYSON $935,000.00 N
600129229 JACK ELINSON $550,000.00 N
600129232 I ROBERT MATLOFF $2,200,000.00 N
600129252 SAFI J TAHA $450,000.00 N
600129253 RONALD G RABINOWITZ $375,000.00 N
600129254 KIP KOSKI $540,000.00 N
600129259 SAMUEL SZTEINBAUM $500,000.00 N
600129274 EILEEN V KELLY $380,000.00 N
600129282 W HOWARD HOFFMAN $1,500,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 40
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129283 JAMES V VILLANI 2020 S LISA LANE LAS VEGAS NV 89117 $256,000.00
600129287 ROSANNA BOWLES 5319 NORTHEAST 43RD STREE SEATTLE WA 98105 $369,829.52
600129293 B L TURLINGTON 2015 RIVER HILLS ROAD AUSTIN TX 78733 $312,000.00
600129295 JOHN T ALLEN 3703 EAST 107TH STREET TULSA OK 74137 $259,000.00
600129296 RICHARD W SEVCIK 16421 MATILIJA DRIVE LOS GATOS CA 95030 $973,000.00
600129299 DOUGLAS F SMITH 2438 EAST BRAMBLE WAY SALT LAKE CITY UT 84117 $336,500.00
600129302 REID ICHIO MANAGO 2336 HALEKOA DRIVE HONOLULU HI 96821 $508,000.00
600129304 CHARLOTTE L PROZAN 12 DIPSEA ROAD STINSON BEACH CA 94970 $264,172.99
600129306 BRENNAN J CULVER 34 LOMA VISTA AVENUE LARKSPUR CA 94939 $480,000.00
600129312 EMILE J BERLET 1100 RAMAPO VALLEY ROAD MAHWAH NJ 07430 $750,000.00
600129320 CARLOS A GILL 4620 NW 24 AVE BOCA RATON FL 33431 $622,900.00
600129322 MARK W VENTSAM 925 NORTH 1464 ROAD LAWRENCE KS 66049 $346,800.00
600129332 GEOFREY A GATES 3825 WINFORD DRIVE LOS ANGELES (TA CA 91356 $500,000.00
600129333 MAJID KAHNAMELLI 1007 SOUTH REXFORD LANE ANAHEIM CA 92808 $278,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129283 JAMES V VILLANI 7.375 .250 7.125 .0500 7.075 02/01/2013
600129287 ROSANNA BOWLES 7.000 .250 6.750 .0500 6.700 01/01/2013
600129293 B L TURLINGTON 6.875 .250 6.625 .0500 6.575 02/01/2013
600129295 JOHN T ALLEN 6.875 .250 6.625 .0500 6.575 02/01/2013
600129296 RICHARD W SEVCIK 7.250 .250 7.000 .0500 6.950 02/01/2013
600129299 DOUGLAS F SMITH 7.375 .250 7.125 .0500 7.075 02/01/2013
600129302 REID ICHIO MANAGO 7.500 .250 7.250 .0500 7.200 02/01/2013
600129304 CHARLOTTE L PROZAN 7.125 .250 6.875 .0500 6.825 01/01/2013
600129306 BRENNAN J CULVER 6.750 .250 6.500 .0500 6.450 02/01/2013
600129312 EMILE J BERLET 7.500 .250 7.250 .0500 7.200 02/01/2013
600129320 CARLOS A GILL 7.375 .250 7.125 .0500 7.075 02/01/2013
600129322 MARK W VENTSAM 7.250 .250 7.000 .0500 6.950 02/01/2013
600129332 GEOFREY A GATES 6.750 .250 6.500 .0500 6.450 02/01/2013
600129333 MAJID KAHNAMELLI 7.375 .250 7.125 .0500 7.075 02/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129283 JAMES V VILLANI 6247371 $2,355.00 02/01/1998 180
600129287 ROSANNA BOWLES 6249987 $3,334.65 02/01/1998 180
600129293 B L TURLINGTON 6256372 $2,782.59 02/01/1998 180
600129295 JOHN T ALLEN 6259224 $2,309.90 02/01/1998 180
600129296 RICHARD W SEVCIK 6290812 $8,882.16 02/01/1998 180
600129299 DOUGLAS F SMITH 6291900 $3,095.54 02/01/1998 180
600129302 REID ICHIO MANAGO 6316534 $4,709.22 02/01/1998 180
600129304 CHARLOTTE L PROZAN 6319059 $2,400.45 02/01/1998 180
600129306 BRENNAN J CULVER 6319915 $4,247.57 02/01/1998 180
600129312 EMILE J BERLET 6331144 $6,952.59 02/01/1998 180
600129320 CARLOS A GILL 6380302 $5,730.20 02/01/1998 180
600129322 MARK W VENTSAM 6394135 $3,165.81 02/01/1998 180
600129332 GEOFREY A GATES 6474559 $4,424.55 02/01/1998 180
600129333 MAJID KAHNAMELLI 6476989 $2,557.39 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129283 JAMES V VILLANI $600,000.00 N
600129287 ROSANNA BOWLES $595,000.00 N
600129293 B L TURLINGTON $750,000.00 N
600129295 JOHN T ALLEN $370,000.00 N
600129296 RICHARD W SEVCIK $1,860,000.00 N
600129299 DOUGLAS F SMITH $505,000.00 N
600129302 REID ICHIO MANAGO $635,000.00 N
600129304 CHARLOTTE L PROZAN $485,000.00 N
600129306 BRENNAN J CULVER $600,000.00 N
600129312 EMILE J BERLET $1,100,000.00 N
600129320 CARLOS A GILL $960,000.00 N
600129322 MARK W VENTSAM $480,000.00 N
600129332 GEOFREY A GATES $1,000,000.00 N
600129333 MAJID KAHNAMELLI $379,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 41
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129334 EDWARD TOOMA SIMONIAN 22711 PAUL REVERE DRIVE CALABASAS CA 91302 $250,000.00
600129342 RALPH E OTTO 124 WILLOW BRIDGE ROAD 4C VAIL CO 81657 $642,000.00
600129345 MICHAEL BLOOM 6230 SW PATTON ROAD PORTLAND OR 97221 $407,600.00
600129347 DAVID P STEVENS 407 MONTECILLO DRIVE WALNUT CREEK CA 94595 $386,000.00
600129348 WILLIAM A COATES 821 AUTUMN DRIVE WALNUT CREEK CA 94598 $324,000.00
600129363 GLEN W KEANE 1000 ROBIN HOOD LANE LAKE ARROWHEAD CA 92352 $850,000.00
600129364 SERGIO A SANCHEZ 31811 NATIONAL PARK DRIVE LAGUNA NIGUEL CA 92677 $230,000.00
600129376 EUN SUNG KIM 19431 SIERRA RATON ROAD IRVINE CA 92612 $325,000.00
600129383 JEFFERY DEANE STUART 3361 N ELENA MARIA TUCSON AZ 85750 $747,500.00
600129386 BUN WOO BERT CHANG 8 WALDEN LANE LITTLETON CO 80121 $477,000.00
600129387 KEVIN M O'BRIEN 527 222ND PLACE SE REDMOND WA 98053 $275,000.00
600129396 ROGER POWELL 38861 MISSION BLVD FREMONT CA 94536 $300,000.00
600129405 MICHAEL W ETIENNE 7567 MEADOW VIOLET COURT AVON IN 46168 $259,206.12
600129407 SE DUK PARK 5916 STERLING OAKS DRIVE SAN JOSE CA 95120 $450,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129334 EDWARD TOOMA SIMONIAN 6.875 .250 6.625 .0500 6.575 02/01/2013
600129342 RALPH E OTTO 7.250 .250 7.000 .0500 6.950 02/01/2013
600129345 MICHAEL BLOOM 7.250 .250 7.000 .0500 6.950 02/01/2013
600129347 DAVID P STEVENS 7.250 .250 7.000 .0500 6.950 02/01/2013
600129348 WILLIAM A COATES 6.875 .250 6.625 .0500 6.575 02/01/2013
600129363 GLEN W KEANE 7.000 .250 6.750 .0500 6.700 02/01/2013
600129364 SERGIO A SANCHEZ 7.250 .250 7.000 .0500 6.950 02/01/2013
600129376 EUN SUNG KIM 7.250 .250 7.000 .0500 6.950 02/01/2013
600129383 JEFFERY DEANE STUART 7.250 .250 7.000 .0500 6.950 02/01/2013
600129386 BUN WOO BERT CHANG 7.250 .250 7.000 .0500 6.950 02/01/2013
600129387 KEVIN M O'BRIEN 6.875 .250 6.625 .0500 6.575 02/01/2013
600129396 ROGER POWELL 7.000 .250 6.750 .0500 6.700 02/01/2013
600129405 MICHAEL W ETIENNE 7.375 .250 7.125 .0500 7.075 01/01/2013
600129407 SE DUK PARK 7.000 .250 6.750 .0500 6.700 02/01/2013
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129334 EDWARD TOOMA SIMONIAN 6479302 $2,229.64 02/01/1998 180
600129342 RALPH E OTTO 6556704 $5,860.58 02/01/1998 180
600129345 MICHAEL BLOOM 6576934 $3,720.83 02/01/1998 180
600129347 DAVID P STEVENS 6582393 $3,523.65 02/01/1998 180
600129348 WILLIAM A COATES 6583923 $2,889.61 02/01/1998 180
600129363 GLEN W KEANE 6666802 $7,640.04 02/01/1998 180
600129364 SERGIO A SANCHEZ 6682879 $2,099.58 02/01/1998 180
600129376 EUN SUNG KIM 6903588 $2,966.80 02/01/1998 180
600129383 JEFFERY DEANE STUART 6917263 $6,823.65 02/01/1998 180
600129386 BUN WOO BERT CHANG 6969093 $4,354.36 02/01/1998 180
600129387 KEVIN M O'BRIEN 7021087 $2,452.60 02/01/1998 180
600129396 ROGER POWELL 7386999 $2,696.48 02/01/1998 180
600129405 MICHAEL W ETIENNE 9944292 $2,391.80 02/01/1998 180
600129407 SE DUK PARK 9999694 $4,044.73 02/01/1998 180
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129334 EDWARD TOOMA SIMONIAN $335,000.00 N
600129342 RALPH E OTTO $1,180,000.00 N
600129345 MICHAEL BLOOM $850,000.00 N
600129347 DAVID P STEVENS $495,000.00 N
600129348 WILLIAM A COATES $405,000.00 N
600129363 GLEN W KEANE $2,350,000.00 N
600129364 SERGIO A SANCHEZ $325,000.00 N
600129376 EUN SUNG KIM $500,000.00 N
600129383 JEFFERY DEANE STUART $1,200,000.00 N
600129386 BUN WOO BERT CHANG $1,000,000.00 N
600129387 KEVIN M O'BRIEN $465,000.00 N
600129396 ROGER POWELL $440,000.00 N
600129405 MICHAEL W ETIENNE $350,000.00 N
600129407 SE DUK PARK $700,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 42
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 11:44:50 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1418 POOL NAME: 1998-2 Group 3
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
LOAN # OF CURRENT PROPERTY ORIG LOAN
COUNT BUYDOWN BALANCE VALUE AMOUNT P & I
----- ------- ------- --------- --------- -----
<S> <C> <C> <C> <C> <C> <C>
** POOL
** TOTAL 574 0 193,393,756.76 303,749,583.60 195,752,595.00 1,745,731.65
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 1
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600103370 RUGGERI ROBERTO 879 LINDA FLORA DRIVE LOS ANGELES CA 90049 $2,415,682.81
600115784 TRIER COLLINS R 2811 CENTRAL RD GLENVIEW IL 60025 $232,547.31
600115785 FITZGERALD WILLIAM P 655 JUNIOR TERRACE CHICAGO IL 60613 $247,661.52
600115786 UHDE FREDERICK 1500 ASTOR U-7 CHICAGO IL 60610 $245,901.11
600115787 KAUFMAN STEPHEN P 101 LLOYD HARBOR RO HUNTINGTON NY 11743 $430,036.83
600115788 MCCONNELL JAMES G. 1150 CEDARCREST BANNOCKBURN IL 60015 $210,472.55
600115790 MOHRDIECK WILLIAM A 5 SMITHWOOD DRIVE MORTON GROVE IL 60053 $218,576.33
600115791 BELMONTE, JR. JOHN V 711 MIDWEST CLUB PA OAK BROOK IL 60521 $541,583.63
600115792 GOLAS DONALD D 2656 ASBURY EVANSTON IL 60201 $197,974.44
600115794 GETSLA RANDOLPH 2527 OSAGE DRIVE GLENVIEW IL 60025 $311,881.27
600115795 GOODWILLIE DOUGLAS J 214 HAWLEY LANE GENEVA IL 60134 $378,383.75
600115796 BIRKHOLZ ARMIN V 30W391 WHITE OAK WAYNE IL 60184 $346,500.01
600115797 SCHREIBER DENNIS L 1534 ESTES AVENUE CHICAGO IL 60626 $254,990.05
600115798 LARSON HARRY R BX180A ROUTE 5 BARRINGTON HILL IL 60010 $281,199.86
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600103370 RUGGERI ROBERTO 8.625 .250 8.375 .0500 8.325 11/01/2027
600115784 TRIER COLLINS R 8.675 .250 8.425 .0400 8.385 04/01/2027
600115785 FITZGERALD WILLIAM P 7.375 .250 7.125 .0400 7.085 08/01/2024
600115786 UHDE FREDERICK 6.875 .250 6.625 .0400 6.585 11/01/2014
600115787 KAUFMAN STEPHEN P 8.200 .250 7.950 .0400 7.910 01/01/2016
600115788 MCCONNELL JAMES G. 10.250 .250 10.000 .0400 9.960 12/01/2016
600115790 MOHRDIECK WILLIAM A 8.050 .250 7.800 .0400 7.760 07/01/2023
600115791 BELMONTE, JR. JOHN V 7.125 .250 6.875 .0400 6.835 12/01/2023
600115792 GOLAS DONALD D 7.125 .250 6.875 .0400 6.835 01/01/2024
600115794 GETSLA RANDOLPH 7.375 .250 7.125 .0400 7.085 02/01/2024
600115795 GOODWILLIE DOUGLAS J 6.875 .250 6.625 .0400 6.585 08/01/2024
600115796 BIRKHOLZ ARMIN V 7.000 .250 6.750 .0400 6.710 12/01/2023
600115797 SCHREIBER DENNIS L 7.500 .250 7.250 .0400 7.210 10/01/2019
600115798 LARSON HARRY R 10.375 .250 10.125 .0400 10.085 03/01/2020
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600103370 RUGGERI ROBERTO 450895990 ********* 02/01/1998 360
600115784 TRIER COLLINS R 0129684 $1,836.18 02/01/1998 360
600115785 FITZGERALD WILLIAM P 0200790 $1,775.04 02/01/1998 360
600115786 UHDE FREDERICK 0223891 $2,063.24 02/01/1998 360
600115787 KAUFMAN STEPHEN P 0224865 $3,822.65 02/01/1998 360
600115788 MCCONNELL JAMES G. 0226126 $2,105.84 02/01/1998 360
600115790 MOHRDIECK WILLIAM A 0253583 $1,686.47 02/01/1998 360
600115791 BELMONTE, JR. JOHN V 0259507 $4,951.84 02/01/1998 360
600115792 GOLAS DONALD D 0259796 $1,485.55 02/01/1998 360
600115794 GETSLA RANDOLPH 0261495 $2,348.30 02/01/1998 360
600115795 GOODWILLIE DOUGLAS J 0262337 $2,627.72 02/01/1998 360
600115796 BIRKHOLZ ARMIN V 0275966 $2,514.85 02/01/1998 360
600115797 SCHREIBER DENNIS L 0278358 $1,986.92 02/01/1998 360
600115798 LARSON HARRY R 0278580 $2,716.23 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600103370 RUGGERI ROBERTO .00 .00 .00 .000 .250 .300 $4,400,000.00 N
600115784 TRIER COLLINS R .00 .00 .00 .000 .250 .290 $315,000.00 N
600115785 FITZGERALD WILLIAM P .00 .00 .00 .000 .250 .290 $370,000.00 N
600115786 UHDE FREDERICK .00 .00 .00 .000 .250 .290 $482,000.00 N
600115787 KAUFMAN STEPHEN P .00 .00 .00 .000 .250 .290 $885,000.00 N
600115788 MCCONNELL JAMES G. .00 .00 .00 .000 .250 .290 $314,000.00 N
600115790 MOHRDIECK WILLIAM A .00 .00 .00 .000 .250 .290 $305,000.00 N
600115791 BELMONTE, JR. JOHN V .00 .00 .00 .000 .250 .290 $1,050,000.00 N
600115792 GOLAS DONALD D .00 .00 .00 .000 .250 .290 $280,000.00 N
600115794 GETSLA RANDOLPH .00 .00 .00 .000 .250 .290 $530,000.00 N
600115795 GOODWILLIE DOUGLAS J .00 .00 .00 .000 .250 .290 $730,000.00 N
600115796 BIRKHOLZ ARMIN V .00 .00 .00 .000 .250 .290 $485,000.00 N
600115797 SCHREIBER DENNIS L .00 .00 .00 .000 .250 .290 $375,000.00 N
600115798 LARSON HARRY R .00 .00 .00 .000 .250 .290 $405,000.00 N
</TABLE>
<PAGE>
<PAGE>
(vlegal.ace v1.4) Page 2
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115799 GASSEL VIRGINIA 950 MICHIGAN #3804 CHICAGO IL 60611 $307,956.44
600115800 GLUECK DAVID L 2041-3 HOWE STREET CHICAGO IL 60614 $721,868.27
600115801 RUFFIN, JR. WILLIAM C 2244 GENEVA TERRACE CHICAGO IL 60614 $372,062.91
600115802 NELSON SCOTT J 936 SHERIDAN ROAD EVANSTON IL 60202 $246,877.55
600115803 GALLO JOSEPH F 7811 GREENFIELD RIVER FOREST IL 60315 $235,346.66
600115804 HOU DAVID T 16927 BLUE HERON DR ORLAND PARK IL 60462 $230,269.96
600115805 WALKER GEORGE L 5016 ELLIS CHICAGO IL 60615 $248,546.39
600115806 FISHER JEFFREY S 200 OXFORD ROAD KENILWORTH IL 60043 $546,780.96
600115808 SMITH WALTER V 131 BENTWOOD DRIVE STAMFORD CT 6903 $450,934.66
600115809 NICOLLS JOHN C 2534 LAKE SHORE DR MICHIGAN CITY IN 46360 $201,621.54
600115810 BROOKS CAROL J 115 LONNQUIST MOUNT PROSPECT IL 60056 $335,044.02
600115812 D'ESPOSITO JR JULIAN C 640 BLACKTHORN ROAD WINNETKA IL 60093 $573,282.69
600115813 DASSATTI CAREY E 130 VANCE CT BARRINGTON IL 60010 $234,437.29
600115814 MORRIS BRUCE 1624 GOLF VIEW DR DARIEN IL 60559 $213,243.55
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115799 GASSEL VIRGINIA 8.250 .250 8.000 .0400 7.960 10/01/2019
600115800 GLUECK DAVID L 7.125 .250 6.875 .0400 6.835 04/01/2020
600115801 RUFFIN, JR. WILLIAM C 7.875 .250 7.625 .0400 7.585 05/01/2021
600115802 NELSON SCOTT J 7.000 .250 6.750 .0400 6.710 03/01/2022
600115803 GALLO JOSEPH F 7.500 .250 7.250 .0400 7.210 09/01/2022
600115804 HOU DAVID T 6.750 .250 6.500 .0400 6.460 08/01/2022
600115805 WALKER GEORGE L 7.125 .250 6.875 .0400 6.835 12/01/2022
600115806 FISHER JEFFREY S 7.625 .250 7.375 .0400 7.335 12/01/2021
600115808 SMITH WALTER V 8.250 .250 8.000 .0400 7.960 07/01/2022
600115809 NICOLLS JOHN C 7.500 .250 7.250 .0400 7.210 12/01/2021
600115810 BROOKS CAROL J 7.500 .250 7.250 .0400 7.210 01/01/2022
600115812 D'ESPOSITO JR JULIAN C 7.250 .250 7.000 .0400 6.960 06/01/2022
600115813 DASSATTI CAREY E 6.875 .250 6.625 .0400 6.585 04/01/2022
600115814 MORRIS BRUCE 7.250 .250 7.000 .0400 6.960 05/01/2022
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115799 GASSEL VIRGINIA 0279208 $2,545.95 02/01/1998 360
600115800 GLUECK DAVID L 0279521 $5,405.39 02/01/1998 360
600115801 RUFFIN, JR. WILLIAM C 0280040 $2,910.98 02/01/1998 360
600115802 NELSON SCOTT J 0280842 $1,769.63 02/01/1998 360
600115803 GALLO JOSEPH F 0281436 $1,749.28 02/01/1998 360
600115804 HOU DAVID T 0281451 $1,608.18 02/01/1998 360
600115805 WALKER GEORGE L 0282152 $1,783.06 02/01/1998 360
600115806 FISHER JEFFREY S 0282707 $4,165.23 02/01/1998 360
600115808 SMITH WALTER V 0282848 $3,636.69 02/01/1998 360
600115809 NICOLLS JOHN C 0282871 $1,515.16 02/01/1998 360
600115810 BROOKS CAROL J 0282962 $2,514.64 02/01/1998 360
600115812 D'ESPOSITO JR JULIAN C 0283044 $4,184.29 02/01/1998 360
600115813 DASSATTI CAREY E 0283168 $1,659.76 02/01/1998 360
600115814 MORRIS BRUCE 0283176 $1,558.39 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115799 GASSEL VIRGINIA .00 .00 .00 .000 .250 .290 $427,000.00 N
600115800 GLUECK DAVID L .00 .00 .00 .000 .250 .290 $1,052,000.00 N
600115801 RUFFIN, JR. WILLIAM C .00 .00 .00 .000 .250 .290 $630,000.00 N
600115802 NELSON SCOTT J .00 .00 .00 .000 .250 .290 $615,000.00 N
600115803 GALLO JOSEPH F .00 .00 .00 .000 .250 .290 $410,000.00 N
600115804 HOU DAVID T .00 .00 .00 .000 .250 .290 $350,000.00 N
600115805 WALKER GEORGE L .00 .00 .00 .000 .250 .290 $400,000.00 N
600115806 FISHER JEFFREY S .00 .00 .00 .000 .250 .290 $815,000.00 N
600115808 SMITH WALTER V .00 .00 .00 .000 .250 .290 $605,000.00 N
600115809 NICOLLS JOHN C .00 .00 .00 .000 .250 .290 $270,000.00 N
600115810 BROOKS CAROL J .00 .00 .00 .000 .250 .290 $460,000.00 N
600115812 D'ESPOSITO JR JULIAN C .00 .00 .00 .000 .250 .290 $765,000.00 N
600115813 DASSATTI CAREY E .00 .00 .00 .000 .250 .290 $360,000.00 N
600115814 MORRIS BRUCE .00 .00 .00 .000 .250 .290 $285,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 3
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115815 GREGORY JOSEPH J 2400 DORINA DRIVE NORTHFIELD IL 60093 $449,199.21
600115816 ANTONIO DOUGLAS J 1316 SUTTON PLACE CHICAGO IL 60610 $331,528.08
600115817 LYNN WILLIAM S 100 PINE TREE LANE RIVERWOODS IL 60015 $291,651.90
600115818 GOOD DANIEL 1211 LAKE ROAD LAKE FOREST IL 60045 $512,216.78
600115819 ELLSWORTH SAMUEL M CALEBS POND RD LOT 11 CHAPPAQUIDDICK MA 2539 $561,903.06
600115820 ANDERSON DAVID B 845 MOSELEY ROAD HIGHLAND PARK IL 60035 $527,795.27
600115821 CUMMINGS DANIEL A 2130 FREMONT STREET CHICAGO IL 60614 $217,533.01
600115822 SOOMEKH JAMSHID 3651 PEBBLE BEACH RD NORTHBROOK IL 60062 $490,742.41
600115823 NEILSON GARY L 1420 ALTGELD STREET CHICAGO IL 60614 $349,556.81
600115824 PARKE FRANK 1366 DEARBORN #U-2C CHICAGO IL 60610 $239,754.42
600115825 FLOBERG FREDERIC 635 HILL ROAD WINNETKA IL 60093 $609,140.53
600115826 BEIRNE ANTHONY O 180 AHWAHNEE ROAD LAKE FOREST IL 60095 $461,206.12
600115827 SORSBY CHARLES C 100 HURON ST #3502 CHICAGO IL 60611 $542,567.23
600115828 MUNTEAN JOHN A 251 OAKLAND DRIVE HIGHLAND PARK IL 60035 $292,046.25
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115815 GREGORY JOSEPH J 7.250 .250 7.000 .0400 6.960 05/01/2022
600115816 ANTONIO DOUGLAS J 7.500 .250 7.250 .0400 7.210 10/01/2022
600115817 LYNN WILLIAM S 7.500 .250 7.250 .0400 7.210 05/01/2022
600115818 GOOD DANIEL 6.875 .250 6.625 .0400 6.585 06/01/2022
600115819 ELLSWORTH SAMUEL M 7.500 .250 7.250 .0400 7.210 03/01/2022
600115820 ANDERSON DAVID B 6.600 .250 6.350 .0400 6.310 01/01/2011
600115821 CUMMINGS DANIEL A 6.875 .250 6.625 .0400 6.585 06/01/2022
600115822 SOOMEKH JAMSHID 7.125 .250 6.875 .0400 6.835 06/01/2022
600115823 NEILSON GARY L 7.125 .250 6.875 .0400 6.835 07/01/2022
600115824 PARKE FRANK 7.500 .250 7.250 .0400 7.210 08/01/2022
600115825 FLOBERG FREDERIC 7.500 .250 7.250 .0400 7.210 06/01/2022
600115826 BEIRNE ANTHONY O 7.375 .250 7.125 .0400 7.085 06/01/2022
600115827 SORSBY CHARLES C 7.625 .250 7.375 .0400 7.335 06/01/2022
600115828 MUNTEAN JOHN A 8.625 .250 8.375 .0400 8.335 08/01/2022
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115815 GREGORY JOSEPH J 0283184 $3,282.75 02/01/1998 360
600115816 ANTONIO DOUGLAS J 0283226 $2,461.29 02/01/1998 360
600115817 LYNN WILLIAM S 0283317 $2,178.20 02/01/1998 360
600115818 GOOD DANIEL 0283382 $3,616.67 02/01/1998 360
600115819 ELLSWORTH SAMUEL M 0283432 $4,206.85 02/01/1998 360
600115820 ANDERSON DAVID B 0283499 $5,069.15 02/01/1998 224
600115821 CUMMINGS DANIEL A 0283580 $1,535.96 02/01/1998 360
600115822 SOOMEKH JAMSHID 0283598 $3,542.72 02/01/1998 360
600115823 NEILSON GARY L 0283622 $2,520.57 02/01/1998 360
600115824 PARKE FRANK 0283630 $1,800.75 02/01/1998 360
600115825 FLOBERG FREDERIC 0283739 $4,543.85 02/01/1998 360
600115826 BEIRNE ANTHONY O 0283770 $3,403.22 02/01/1998 360
600115827 SORSBY CHARLES C 0283838 $4,092.88 02/01/1998 360
600115828 MUNTEAN JOHN A 0283861 $2,390.15 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115815 GREGORY JOSEPH J .00 .00 .00 .000 .250 .290 $1,200,000.00 N
600115816 ANTONIO DOUGLAS J .00 .00 .00 .000 .250 .290 $437,000.00 N
600115817 LYNN WILLIAM S .00 .00 .00 .000 .250 .290 $410,000.00 N
600115818 GOOD DANIEL .00 .00 .00 .000 .250 .290 $2,590,000.00 N
600115819 ELLSWORTH SAMUEL M .00 .00 .00 .000 .250 .290 $1,025,000.00 N
600115820 ANDERSON DAVID B .00 .00 .00 .000 .250 .290 $780,000.00 N
600115821 CUMMINGS DANIEL A .00 .00 .00 .000 .250 .290 $432,000.00 N
600115822 SOOMEKH JAMSHID .00 .00 .00 .000 .250 .290 $800,000.00 N
600115823 NEILSON GARY L .00 .00 .00 .000 .250 .290 $500,000.00 N
600115824 PARKE FRANK .00 .00 .00 .000 .250 .290 $335,000.00 N
600115825 FLOBERG FREDERIC .00 .00 .00 .000 .250 .290 $1,100,000.00 N
600115826 BEIRNE ANTHONY O .00 .00 .00 .000 .250 .290 $835,000.00 N
600115827 SORSBY CHARLES C .00 .00 .00 .000 .250 .290 $773,000.00 N
600115828 MUNTEAN JOHN A .00 .00 .00 .000 .250 .290 $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 4
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115829 SCHWARTZ STEVEN L 585 STONE GATE GLENCOE IL 60022 $312,735.77
600115830 DATSON LORRAINE 5726 DORCHESTER CHICAGO IL 60637 $280,703.87
600115831 SMOLEN LEE M 657 HILLSIDE DRIVE HIGHLAND PARK IL 60035 $303,472.98
600115832 HARRISON DANIEL J 17 NATOMA DRIVE OAK BROOK IL 60521 $951,778.44
600115833 BISHOP JR ROBERT L 906 CHERRY STREET WINNETKA IL 60093 $280,288.78
600115834 FOGHT JAMES L 135 LAGOON DRIVE NORTHFIELD IL 60093 $449,068.29
600115835 FLANZER PETER W 560 RAMBLER LANE HIGHLAND PARK IL 60635 $209,967.11
600115836 BOYD CRAIG T 386 FAIRVIEW AVE WINNETKA IL 60093 $448,309.05
600115837 COKINS TOM A 242 DELAPLAINE RD RIVERSIDE IL 60546 $213,031.95
600115838 STILWELL MARTIN C 25970 MEADOW VIEW CRT BARRINGTON IL 60010 $221,076.85
600115839 STEINKRAUSS MARK A 1497 LAKE SHORE CRT BARRINGTON IL 60010 $223,153.44
600115840 GRACE PERRY R 1322 HARLAN LANE LAKE FOREST IL 60045 $329,068.41
600115841 PARKER JOHN C 343 SUTTON ROAD BARRINGTON HILL IL 60010 $447,511.78
600115842 SMEAD CHARLES L 257 DELAWARE #3B&3C CHICAGO IL 60611 $515,143.56
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115829 SCHWARTZ STEVEN L 7.625 .250 7.375 .0400 7.335 09/01/2022
600115830 DATSON LORRAINE 7.875 .250 7.625 .0400 7.585 06/01/2022
600115831 SMOLEN LEE M 6.875 .250 6.625 .0400 6.585 07/01/2022
600115832 HARRISON DANIEL J 8.125 .250 7.875 .0400 7.835 02/01/2023
600115833 BISHOP JR ROBERT L 7.000 .250 6.750 .0400 6.710 06/01/2022
600115834 FOGHT JAMES L 7.250 .250 7.000 .0400 6.960 06/01/2022
600115835 FLANZER PETER W 7.500 .250 7.250 .0400 7.210 07/01/2022
600115836 BOYD CRAIG T 7.750 .250 7.500 .0400 7.460 09/01/2022
600115837 COKINS TOM A 8.125 .250 7.875 .0400 7.835 09/01/2022
600115838 STILWELL MARTIN C 6.875 .250 6.625 .0400 6.585 09/01/2022
600115839 STEINKRAUSS MARK A 7.500 .250 7.250 .0400 7.210 09/01/2022
600115840 GRACE PERRY R 7.375 .250 7.125 .0400 7.085 09/01/2022
600115841 PARKER JOHN C 6.875 .250 6.625 .0400 6.585 09/01/2022
600115842 SMEAD CHARLES L 6.875 .250 6.625 .0400 6.585 11/01/2022
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115829 SCHWARTZ STEVEN L 0283952 $2,349.88 02/01/1998 360
600115830 DATSON LORRAINE 0284018 $2,164.61 02/01/1998 360
600115831 SMOLEN LEE M 0284059 $2,683.81 02/01/1998 360
600115832 HARRISON DANIEL J 0284067 $7,424.98 02/01/1998 360
600115833 BISHOP JR ROBERT L 0284075 $2,001.21 02/01/1998 360
600115834 FOGHT JAMES L 0284083 $3,277.68 02/01/1998 360
600115835 FLANZER PETER W 0284224 $1,567.37 02/01/1998 360
600115836 BOYD CRAIG T 0284257 $3,440.20 02/01/1998 360
600115837 COKINS TOM A 0284273 $1,670.62 02/01/1998 360
600115838 STILWELL MARTIN C 0284281 $1,556.26 02/01/1998 360
600115839 STEINKRAUSS MARK A 0284307 $1,675.78 02/01/1998 360
600115840 GRACE PERRY R 0284356 $2,419.33 02/01/1998 360
600115841 PARKER JOHN C 0284372 $3,147.37 02/01/1998 360
600115842 SMEAD CHARLES L 0284596 $3,628.69 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115829 SCHWARTZ STEVEN L .00 .00 .00 .000 .250 .290 $420,000.00 N
600115830 DATSON LORRAINE .00 .00 .00 .000 .250 .290 $490,000.00 N
600115831 SMOLEN LEE M .00 .00 .00 .000 .250 .290 $512,000.00 N
600115832 HARRISON DANIEL J .00 .00 .00 .000 .250 .290 $2,100,000.00 N
600115833 BISHOP JR ROBERT L .00 .00 .00 .000 .250 .290 $377,000.00 N
600115834 FOGHT JAMES L .00 .00 .00 .000 .250 .290 $600,000.00 N
600115835 FLANZER PETER W .00 .00 .00 .000 .250 .290 $280,000.00 N
600115836 BOYD CRAIG T .00 .00 .00 .000 .250 .290 $625,000.00 N
600115837 COKINS TOM A .00 .00 .00 .000 .250 .290 $340,000.00 N
600115838 STILWELL MARTIN C .00 .00 .00 .000 .250 .290 $467,500.00 N
600115839 STEINKRAUSS MARK A .00 .00 .00 .000 .250 .290 $450,000.00 N
600115840 GRACE PERRY R .00 .00 .00 .000 .250 .290 $975,000.00 N
600115841 PARKER JOHN C .00 .00 .00 .000 .250 .290 $600,000.00 N
600115842 SMEAD CHARLES L .00 .00 .00 .000 .250 .290 $725,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 5
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115843 PASAS NORMAN L 14 WESCOTT DRIVE SOUTH BARRINGTO IL 60010 $695,770.93
600115844 DAVIDSON JAMES B 700 TIMBER TRAIL RIVERWOODS IL 60015 $433,386.82
600115845 THEISEN KENNETH F 1855 RIDGEWOOD GLENVIEW IL 60025 $213,420.83
600115846 HUNT KEITH L 7 FOX HUNT TRAIL HAWTHORN WOODS IL 60047 $241,916.58
600115847 MORGE TIMOTHY A 3065 BLACKTHORNE LN RIVERWOODS IL 60015 $259,671.07
600115848 MAINS NORMAN E 1065 FISHER LANE WINNETKA IL 60093 $1,046,593.82
600115849 SUERTE ELEUTERIO 1 CIRCLE RIDGE CT BURR RIDGE IL 60521 $505,446.84
600115850 PAULSON RICHARD E 820 GLENVIEW ROAD GLENVIEW IL 60025 $450,457.40
600115851 KELLY DENNIS J 2057 HOWE STREET CHICAGO IL 60614 $441,917.31
600115852 EMRY DEBRA A 548 ORCHARD LANE WINNETKA IL 60093 $294,370.59
600115853 CHIRINKO ROBERT S 2314 LINCOLN PK W CHICAGO IL 60614 $472,596.59
600115854 MITCHELL DANIEL D 1564 HOYNE CHICAGO IL 60622 $205,207.30
600115855 PELL, III WILBUR F 714 GREENLEAF WILMETTE IL 60091 $288,089.75
600115856 LESKY RONALD W 1030 RIDGEWOOD DRIVE HIGHLAND PARK IL 60035 $204,664.39
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115843 PASAS NORMAN L 7.750 .250 7.500 .0400 7.460 11/01/2022
600115844 DAVIDSON JAMES B 8.125 .250 7.875 .0400 7.835 11/01/2022
600115845 THEISEN KENNETH F 7.250 .250 7.000 .0400 6.960 09/01/2022
600115846 HUNT KEITH L 8.000 .250 7.750 .0400 7.710 12/01/2022
600115847 MORGE TIMOTHY A 8.000 .250 7.750 .0400 7.710 12/01/2022
600115848 MAINS NORMAN E 7.125 .250 6.875 .0400 6.835 10/01/2023
600115849 SUERTE ELEUTERIO 8.250 .250 8.000 .0400 7.960 01/01/2023
600115850 PAULSON RICHARD E 6.875 .250 6.625 .0400 6.585 01/01/2023
600115851 KELLY DENNIS J 7.500 .250 7.250 .0400 7.210 12/01/2022
600115852 EMRY DEBRA A 7.250 .250 7.000 .0400 6.960 02/01/2023
600115853 CHIRINKO ROBERT S 7.375 .250 7.125 .0400 7.085 02/01/2023
600115854 MITCHELL DANIEL D 7.250 .250 7.000 .0400 6.960 11/01/2023
600115855 PELL, III WILBUR F 7.500 .250 7.250 .0400 7.210 12/01/2021
600115856 LESKY RONALD W 6.875 .250 6.625 .0400 6.585 08/01/2022
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115843 PASAS NORMAN L 0284604 $5,272.80 02/01/1998 360
600115844 DAVIDSON JAMES B 0284653 $3,393.22 02/01/1998 360
600115845 THEISEN KENNETH F 0284703 $1,551.95 02/01/1998 360
600115846 HUNT KEITH L 0285668 $1,871.10 02/01/1998 360
600115847 MORGE TIMOTHY A 0286401 $2,017.86 02/01/1998 360
600115848 MAINS NORMAN E 0286732 $7,410.91 02/01/1998 360
600115849 SUERTE ELEUTERIO 0286955 $3,989.23 02/01/1998 360
600115850 PAULSON RICHARD E 0287029 $3,154.43 02/01/1998 360
600115851 KELLY DENNIS J 0287342 $3,273.21 02/01/1998 360
600115852 EMRY DEBRA A 0287961 $2,128.39 02/01/1998 360
600115853 CHIRINKO ROBERT S 0288456 $3,454.12 02/01/1998 360
600115854 MITCHELL DANIEL D 0288837 $1,468.05 02/01/1998 360
600115855 PELL, III WILBUR F 0289132 $2,175.67 02/01/1998 360
600115856 LESKY RONALD W 0289405 $1,745.52 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115843 PASAS NORMAN L .00 .00 .00 .000 .250 .290 $925,000.00 N
600115844 DAVIDSON JAMES B .00 .00 .00 .000 .250 .290 $611,000.00 N
600115845 THEISEN KENNETH F .00 .00 .00 .000 .250 .290 $445,000.00 N
600115846 HUNT KEITH L .00 .00 .00 .000 .250 .290 $315,000.00 N
600115847 MORGE TIMOTHY A .00 .00 .00 .000 .250 .290 $544,000.00 N
600115848 MAINS NORMAN E .00 .00 .00 .000 .250 .290 $1,700,000.00 N
600115849 SUERTE ELEUTERIO .00 .00 .00 .000 .250 .290 $700,000.00 N
600115850 PAULSON RICHARD E .00 .00 .00 .000 .250 .290 $700,000.00 N
600115851 KELLY DENNIS J .00 .00 .00 .000 .250 .290 $585,000.00 N
600115852 EMRY DEBRA A .00 .00 .00 .000 .250 .290 $405,000.00 N
600115853 CHIRINKO ROBERT S .00 .00 .00 .000 .250 .290 $640,000.00 N
600115854 MITCHELL DANIEL D .00 .00 .00 .000 .250 .290 $320,000.00 N
600115855 PELL, III WILBUR F .00 .00 .00 .000 .250 .290 $510,000.00 N
600115856 LESKY RONALD W .00 .00 .00 .000 .250 .290 $340,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 6
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115857 AFFOURTIT JOHN T 725 MORNINGSIDE DR LAKE FOREST IL 60045 $299,525.01
600115858 BRONNER MAURICE H 660 WINNETKA MEWS WINNETKA IL 60093 $263,396.64
600115859 SHANK JOSEPH A 455 CHESTNUT STREET WINNETKA IL 60093 $307,088.37
600115860 MARRA GIORGIO 2427 IROQUOIS ROAD WILMETTE IL 60091 $264,623.50
600115861 NURRE WILLIAM B 66 WINDRUSH LANE BARRINGTON HILL IL 60010 $222,087.84
600115862 MAZZONE THEODORE 912 PAWNEE ROAD WILMETTE IL 60091 $338,084.15
600115863 MCNABOLA MARK E 2123 BISSELL CHICAGO IL 60614 $173,035.04
600115864 COOK BRIAN 1173 ASBURY WINNETKA IL 60093 $329,244.88
600115865 GRIFFIN MICHELE M 475 MAPLE AVENUE WINNETKA IL 60093 $441,236.65
600115866 STEWART DOUGLAS P 1065 ESTATE LANE LAKE FOREST IL 60045 $246,703.31
600115867 KOPKO, JR. FREDERICK 4901 ELLIS CHICAGO IL 60615 $510,582.04
600115868 HILLIARD MARK D 14139 CAMDEN DRIVE ORLAND PARK IL 60462 $298,502.40
600115869 RAZIK ABED 69 CARRIAGE HOUSE ORLAND PARK IL 60462 $413,387.38
600115870 GAYTER PHILLIP N 714 MAWMAN AVENUE LAKE BLUFF IL 60044 $302,465.63
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115857 AFFOURTIT JOHN T 7.375 .250 7.125 .0400 7.085 08/01/2022
600115858 BRONNER MAURICE H 7.500 .250 7.250 .0400 7.210 08/01/2022
600115859 SHANK JOSEPH A 7.125 .250 6.875 .0400 6.835 08/01/2022
600115860 MARRA GIORGIO 7.625 .250 7.375 .0400 7.335 11/01/2022
600115861 NURRE WILLIAM B 6.875 .250 6.625 .0400 6.585 12/01/2022
600115862 MAZZONE THEODORE 6.875 .250 6.625 .0400 6.585 12/01/2022
600115863 MCNABOLA MARK E 7.125 .250 6.875 .0400 6.835 01/01/2023
600115864 COOK BRIAN 7.875 .250 7.625 .0400 7.585 11/01/2022
600115865 GRIFFIN MICHELE M 6.875 .250 6.625 .0400 6.585 12/01/2022
600115866 STEWART DOUGLAS P 7.500 .250 7.250 .0400 7.210 12/01/2022
600115867 KOPKO, JR. FREDERICK 7.100 .250 6.850 .0400 6.810 06/01/2023
600115868 HILLIARD MARK D 7.500 .250 7.250 .0400 7.210 10/01/2023
600115869 RAZIK ABED 7.500 .250 7.250 .0400 7.210 08/01/2023
600115870 GAYTER PHILLIP N 7.625 .250 7.375 .0400 7.335 08/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115857 AFFOURTIT JOHN T 0289462 $2,211.17 02/01/1998 360
600115858 BRONNER MAURICE H 0289553 $1,960.10 02/01/1998 360
600115859 SHANK JOSEPH A 0289561 $2,296.31 02/01/1998 360
600115860 MARRA GIORGIO 0289702 $1,983.81 02/01/1998 360
600115861 NURRE WILLIAM B 0289793 $1,573.81 02/01/1998 360
600115862 MAZZONE THEODORE 0289827 $2,368.60 02/01/1998 360
600115863 MCNABOLA MARK E 0289850 $1,594.29 02/01/1998 360
600115864 COOK BRIAN 0289868 $2,523.25 02/01/1998 360
600115865 GRIFFIN MICHELE M 0289934 $3,091.29 02/01/1998 360
600115866 STEWART DOUGLAS P 0289967 $1,837.91 02/01/1998 360
600115867 KOPKO, JR. FREDERICK 0298919 $3,628.98 02/01/1998 360
600115868 HILLIARD MARK D 0303362 $2,265.46 02/01/1998 360
600115869 RAZIK ABED 0304451 $3,041.59 02/01/1998 360
600115870 GAYTER PHILLIP N 0304519 $2,264.95 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115857 AFFOURTIT JOHN T .00 .00 .00 .000 .250 .290 $400,000.00 N
600115858 BRONNER MAURICE H .00 .00 .00 .000 .250 .290 $390,000.00 N
600115859 SHANK JOSEPH A .00 .00 .00 .000 .250 .290 $425,000.00 N
600115860 MARRA GIORGIO .00 .00 .00 .000 .250 .290 $380,000.00 N
600115861 NURRE WILLIAM B .00 .00 .00 .000 .250 .290 $550,000.00 N
600115862 MAZZONE THEODORE .00 .00 .00 .000 .250 .290 $496,000.00 N
600115863 MCNABOLA MARK E .00 .00 .00 .000 .250 .290 $315,000.00 N
600115864 COOK BRIAN .00 .00 .00 .000 .250 .290 $435,000.00 N
600115865 GRIFFIN MICHELE M .00 .00 .00 .000 .250 .290 $703,000.00 N
600115866 STEWART DOUGLAS P .00 .00 .00 .000 .250 .290 $350,000.00 N
600115867 KOPKO, JR. FREDERICK .00 .00 .00 .000 .250 .290 $1,500,000.00 N
600115868 HILLIARD MARK D .00 .00 .00 .000 .250 .290 $405,000.00 N
600115869 RAZIK ABED .00 .00 .00 .000 .250 .290 $1,185,000.00 N
600115870 GAYTER PHILLIP N .00 .00 .00 .000 .250 .290 $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 7
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115871 PEARSE RICHARD W 640 WASHINGTON HINSDALE IL 60521 $423,679.45
600115872 LAKIN ROBERT 8020 ARBOR LANE NORTHFIELD IL 60093 $210,778.98
600115873 FREDERICK THOMAS J 16 ROCK RIVER CT NAPERVILLE IL 60565 $198,865.66
600115874 TYSON, MD C. 43W992 RT 64 WASCO IL 60183 $259,287.36
600115875 POCIASK ROBERT J 980 STONEHEDGE DR ADDISON IL 60101 $173,675.33
600115876 BUTTELL, JR. DUANE A 5N553 CREEKVIEW LANE ST. CHARLES IL 60175 $410,050.57
600115877 WEBER JOSEF H 2501 ROYAL LYTHAM DR ST. CHARLES IL 60174 $270,573.48
600115878 WARNOCK TODD E 739 LINCOLN AVE WINNETKA IL 60093 $507,081.46
600115879 SCULLY RICHARD P 2041 RACINE AVENUE CHICAGO IL 60614 $310,720.50
600115880 BERNSTEIN ROBERT J 3229 WILMETTE WILMETTE IL 60091 $257,263.96
600115882 RUSNAK STEVEN A 4500 GROVE STREET SKOKIE IL 60076 $239,414.28
600115883 SYLVESTER PHILLIP J 1433 NORTH DEARBORN CHICAGO IL 60610 $492,056.22
600115884 HOFSTETTER ARTHUR 1746 HIGHLAND AVENUE WILMETTE IL 60091 $213,136.61
600115885 LOVE C K 304 SURREY LANE LAKE FOREST IL 60045 $344,828.11
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115871 PEARSE RICHARD W 7.375 .250 7.125 .0400 7.085 09/01/2023
600115872 LAKIN ROBERT 7.375 .250 7.125 .0400 7.085 12/01/2023
600115873 FREDERICK THOMAS J 6.875 .250 6.625 .0400 6.585 11/01/2023
600115874 TYSON, MD C. 8.700 .250 8.450 .0400 8.410 01/01/2025
600115875 POCIASK ROBERT J 7.125 .250 6.875 .0400 6.835 12/01/2023
600115876 BUTTELL, JR. DUANE A 7.125 .250 6.875 .0400 6.835 12/01/2023
600115877 WEBER JOSEF H 7.000 .250 6.750 .0400 6.710 02/01/2024
600115878 WARNOCK TODD E 7.000 .250 6.750 .0400 6.710 06/01/2023
600115879 SCULLY RICHARD P 7.250 .250 7.000 .0400 6.960 05/01/2023
600115880 BERNSTEIN ROBERT J 7.250 .250 7.000 .0400 6.960 07/01/2023
600115882 RUSNAK STEVEN A 7.750 .250 7.500 .0400 7.460 06/01/2023
600115883 SYLVESTER PHILLIP J 7.000 .250 6.750 .0400 6.710 06/01/2023
600115884 HOFSTETTER ARTHUR 7.625 .250 7.375 .0400 7.335 06/01/2023
600115885 LOVE C K 7.750 .250 7.500 .0400 7.460 06/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115871 PEARSE RICHARD W 0304717 $3,149.48 02/01/1998 360
600115872 LAKIN ROBERT 0306258 $1,554.02 02/01/1998 360
600115873 FREDERICK THOMAS J 0307298 $1,412.40 02/01/1998 360
600115874 TYSON, MD C. 0314179 $2,318.08 02/01/1998 360
600115875 POCIASK ROBERT J 0377119 $1,724.72 02/01/1998 360
600115876 BUTTELL, JR. DUANE A 0385849 $2,896.99 02/01/1998 360
600115877 WEBER JOSEF H 0386060 $1,896.12 02/01/1998 360
600115878 WARNOCK TODD E 0390401 $3,566.59 02/01/1998 360
600115879 SCULLY RICHARD P 0390492 $2,238.04 02/01/1998 360
600115880 BERNSTEIN ROBERT J 0390823 $1,855.52 02/01/1998 360
600115882 RUSNAK STEVEN A 0390906 $1,919.99 02/01/1998 360
600115883 SYLVESTER PHILLIP J 0391243 $3,460.91 02/01/1998 360
600115884 HOFSTETTER ARTHUR 0391359 $1,585.46 02/01/1998 360
600115885 LOVE C K 0391490 $2,593.42 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115871 PEARSE RICHARD W .00 .00 .00 .000 .250 .290 $580,000.00 N
600115872 LAKIN ROBERT .00 .00 .00 .000 .250 .290 $310,000.00 N
600115873 FREDERICK THOMAS J .00 .00 .00 .000 .250 .290 $280,000.00 N
600115874 TYSON, MD C. .00 .00 .00 .000 .250 .290 $370,000.00 N
600115875 POCIASK ROBERT J .00 .00 .00 .000 .250 .290 $350,000.00 N
600115876 BUTTELL, JR. DUANE A .00 .00 .00 .000 .250 .290 $600,000.00 N
600115877 WEBER JOSEF H .00 .00 .00 .000 .250 .290 $440,000.00 N
600115878 WARNOCK TODD E .00 .00 .00 .000 .250 .290 $670,000.00 N
600115879 SCULLY RICHARD P .00 .00 .00 .000 .250 .290 $410,000.00 N
600115880 BERNSTEIN ROBERT J .00 .00 .00 .000 .250 .290 $343,000.00 N
600115882 RUSNAK STEVEN A .00 .00 .00 .000 .250 .290 $335,000.00 N
600115883 SYLVESTER PHILLIP J .00 .00 .00 .000 .250 .290 $1,050,000.00 N
600115884 HOFSTETTER ARTHUR .00 .00 .00 .000 .250 .290 $395,000.00 N
600115885 LOVE C K .00 .00 .00 .000 .250 .290 $470,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 8
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115887 CARROLL GEORGE W 1982-H MAUD AVENUE D9 CHICAGO IL 60614 $241,855.78
600115888 GLEASON MARGARET 1411 ROSALIE ST. EVANSTON IL 60201 $238,021.08
600115889 WARSHAUER STEVEN 962 CHAUCER LANE HIGHLAND PARK IL 60035 $246,814.31
600115890 CAMPIA KENNETH M 1298 WAUKEGAN ROAD LAKE FOREST IL 60045 $619,143.73
600115891 AUERBACH ALAN H 908 BITTERSWEET DR. NORTHBROOK IL 60062 $227,567.52
600115892 MAYNARD KENT 2041 DICKENS AVENUE CHICAGO IL 60647 $238,140.67
600115893 BURT ANTONY S 2507 COLFAX AVENUE EVANSTON IL 60201 $378,221.99
600115894 KOTLOWITZ ALEX 141 HARVEY OAK PARK IL 60301 $207,380.06
600115895 CUNNINGHAM TIMOTHY J 950 HAVENWOOD LAKE FOREST IL 60045 $914,689.13
600115896 CARPENTER RICHARD W 302 MERRILL AVE. PARK RIDGE IL 60068 $250,324.40
600115897 CORNA LOUIS J 1510 LAKE SHORE DR S BARRINGTON IL 60010 $330,948.80
600115898 LOMBARDI RAYMOND W 1360 LAWRENCE AVENUE LAKE FOREST IL 60045 $505,774.01
600115899 THOMAS JOSEPH M 703 SHERIDAN ROAD WINNETKA IL 60093 $285,758.08
600115900 LEVIN MICHAEL R 1863 KIEST AVENUE NORTHBROOK IL 60062 $209,322.28
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115887 CARROLL GEORGE W 8.400 .250 8.150 .0400 8.110 05/01/2024
600115888 GLEASON MARGARET 7.750 .250 7.500 .0400 7.460 06/01/2023
600115889 WARSHAUER STEVEN 7.250 .250 7.000 .0400 6.960 07/01/2023
600115890 CAMPIA KENNETH M 7.625 .250 7.375 .0400 7.335 07/01/2023
600115891 AUERBACH ALAN H 7.250 .250 7.000 .0400 6.960 06/01/2023
600115892 MAYNARD KENT 7.750 .250 7.500 .0400 7.460 06/01/2023
600115893 BURT ANTONY S 7.625 .250 7.375 .0400 7.335 06/01/2023
600115894 KOTLOWITZ ALEX 7.625 .250 7.375 .0400 7.335 06/01/2023
600115895 CUNNINGHAM TIMOTHY J 7.250 .250 7.000 .0400 6.960 08/01/2024
600115896 CARPENTER RICHARD W 7.250 .250 7.000 .0400 6.960 06/01/2023
600115897 CORNA LOUIS J 7.750 .250 7.500 .0400 7.460 07/01/2023
600115898 LOMBARDI RAYMOND W 7.250 .250 7.000 .0400 6.960 06/01/2023
600115899 THOMAS JOSEPH M 7.625 .250 7.375 .0400 7.335 07/01/2023
600115900 LEVIN MICHAEL R 7.500 .250 7.250 .0400 7.210 07/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115887 CARROLL GEORGE W 0391540 $1,904.60 02/01/1998 360
600115888 GLEASON MARGARET 0391557 $1,791.04 02/01/1998 360
600115889 WARSHAUER STEVEN 0391607 $1,773.66 02/01/1998 360
600115890 CAMPIA KENNETH M 0391706 $4,600.66 02/01/1998 360
600115891 AUERBACH ALAN H 0391714 $1,637.23 02/01/1998 360
600115892 MAYNARD KENT 0391722 $1,791.04 02/01/1998 360
600115893 BURT ANTONY S 0391755 $2,813.49 02/01/1998 360
600115894 KOTLOWITZ ALEX 0391805 $1,543.00 02/01/1998 360
600115895 CUNNINGHAM TIMOTHY J 0391987 $6,480.68 02/01/1998 360
600115896 CARPENTER RICHARD W 0392001 $1,800.95 02/01/1998 360
600115897 CORNA LOUIS J 0392027 $2,567.63 02/01/1998 360
600115898 LOMBARDI RAYMOND W 0392092 $4,058.95 02/01/1998 360
600115899 THOMAS JOSEPH M 0392134 $2,123.39 02/01/1998 360
600115900 LEVIN MICHAEL R 0392209 $1,538.28 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115887 CARROLL GEORGE W .00 .00 .00 .000 .250 .290 $357,000.00 N
600115888 GLEASON MARGARET .00 .00 .00 .000 .250 .290 $385,000.00 N
600115889 WARSHAUER STEVEN .00 .00 .00 .000 .250 .290 $675,000.00 N
600115890 CAMPIA KENNETH M .00 .00 .00 .000 .250 .290 $1,250,000.00 N
600115891 AUERBACH ALAN H .00 .00 .00 .000 .250 .290 $385,000.00 N
600115892 MAYNARD KENT .00 .00 .00 .000 .250 .290 $350,000.00 N
600115893 BURT ANTONY S .00 .00 .00 .000 .250 .290 $530,000.00 N
600115894 KOTLOWITZ ALEX .00 .00 .00 .000 .250 .290 $272,500.00 N
600115895 CUNNINGHAM TIMOTHY J .00 .00 .00 .000 .250 .290 $1,542,000.00 N
600115896 CARPENTER RICHARD W .00 .00 .00 .000 .250 .290 $330,000.00 N
600115897 CORNA LOUIS J .00 .00 .00 .000 .250 .290 $470,000.00 N
600115898 LOMBARDI RAYMOND W .00 .00 .00 .000 .250 .290 $850,000.00 N
600115899 THOMAS JOSEPH M .00 .00 .00 .000 .250 .290 $850,000.00 N
600115900 LEVIN MICHAEL R .00 .00 .00 .000 .250 .290 $275,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 9
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115901 STOLAR MARK 2800 LAKE SHORE DR CHICAGO IL 60657 $414,951.47
600115902 LOPEZ J M 738 MELROSE STREET CHICAGO IL 60657 $229,091.48
600115903 SMITH ROBERT J 956 ELM PALATINE IL 60067 $207,766.06
600115904 MULLER JOHN B 1312 WELLINGTON CHICAGO IL 60657 $264,802.79
600115905 MCCORD JAMES M 9001 HAMILTON CHICAGO IL 60620 $251,467.31
600115906 KOPIN JEFFREY D 150 CARY AVENUE HIGLAND PARK IL 60035 $428,160.02
600115907 BEYER JAMES R 1230 GOOD AVENUE PARK RIDGE IL 60068 $230,567.59
600115908 NOELL JOHN W 401 SOUTH LINCOLN HINSDALE IL 60521 $285,758.08
600115909 CLEMENT JOHN A 5748 HARPER AVE. CHICAGO IL 60637 $278,102.87
600115910 PAGE RICHARD C 1540 PROMENADE LANE WHEATON IL 60187 $275,925.05
600115911 PAXTON STEVEN H 1001 CAMPBELL COURT LAKE BLUFF IL 60044 $257,182.29
600115912 SEROTA SCOTT P 1510 ROSEWOOD DEERFIELD IL 60015 $257,457.41
600115913 LLOYD WILLIAM F 500 COLLEGE ROAD LAKE FOREST IL 60045 $744,309.65
600115914 VINCENT JEFFERY S 11 ROYAL COURT LINCOLNSHIRE IL 60069 $349,337.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115901 STOLAR MARK 7.125 .250 6.875 .0400 6.835 06/01/2023
600115902 LOPEZ J M 7.250 .250 7.000 .0400 6.960 06/01/2023
600115903 SMITH ROBERT J 7.625 .250 7.375 .0400 7.335 07/01/2023
600115904 MULLER JOHN B 7.625 .250 7.375 .0400 7.335 07/01/2023
600115905 MCCORD JAMES M 7.625 .250 7.375 .0400 7.335 07/01/2023
600115906 KOPIN JEFFREY D 7.500 .250 7.250 .0400 7.210 07/01/2023
600115907 BEYER JAMES R 7.625 .250 7.375 .0400 7.335 08/01/2023
600115908 NOELL JOHN W 7.625 .250 7.375 .0400 7.335 07/01/2023
600115909 CLEMENT JOHN A 7.125 .250 6.875 .0400 6.835 01/01/2024
600115910 PAGE RICHARD C 7.500 .250 7.250 .0400 7.210 07/01/2023
600115911 PAXTON STEVEN H 7.625 .250 7.375 .0400 7.335 07/01/2023
600115912 SEROTA SCOTT P 7.625 .250 7.375 .0400 7.335 08/01/2023
600115913 LLOYD WILLIAM F 7.125 .250 6.875 .0400 6.835 07/01/2023
600115914 VINCENT JEFFERY S 7.250 .250 7.000 .0400 6.960 07/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115901 STOLAR MARK 0392357 $2,964.83 02/01/1998 360
600115902 LOPEZ J M 0392423 $1,653.60 02/01/1998 360
600115903 SMITH ROBERT J 0392431 $1,637.96 02/01/1998 360
600115904 MULLER JOHN B 0392464 $1,967.67 02/01/1998 360
600115905 MCCORD JAMES M 0392472 $1,868.58 02/01/1998 360
600115906 KOPIN JEFFREY D 0392480 $3,146.47 02/01/1998 360
600115907 BEYER JAMES R 0392498 $1,711.45 02/01/1998 360
600115908 NOELL JOHN W 0392506 $2,123.39 02/01/1998 360
600115909 CLEMENT JOHN A 0392548 $2,021.16 02/01/1998 360
600115910 PAGE RICHARD C 0392639 $2,027.73 02/01/1998 360
600115911 PAXTON STEVEN H 0392654 $1,911.05 02/01/1998 360
600115912 SEROTA SCOTT P 0392803 $1,911.05 02/01/1998 360
600115913 LLOYD WILLIAM F 0392811 $5,288.70 02/01/1998 360
600115914 VINCENT JEFFERY S 0392829 $2,510.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115901 STOLAR MARK .00 .00 .00 .000 .250 .290 $550,000.00 N
600115902 LOPEZ J M .00 .00 .00 .000 .250 .290 $303,000.00 N
600115903 SMITH ROBERT J .00 .00 .00 .000 .250 .290 $318,000.00 N
600115904 MULLER JOHN B .00 .00 .00 .000 .250 .290 $347,500.00 N
600115905 MCCORD JAMES M .00 .00 .00 .000 .250 .290 $330,000.00 N
600115906 KOPIN JEFFREY D .00 .00 .00 .000 .250 .290 $710,000.00 N
600115907 BEYER JAMES R .00 .00 .00 .000 .250 .290 $308,000.00 N
600115908 NOELL JOHN W .00 .00 .00 .000 .250 .290 $412,000.00 N
600115909 CLEMENT JOHN A .00 .00 .00 .000 .250 .290 $377,000.00 N
600115910 PAGE RICHARD C .00 .00 .00 .000 .250 .290 $460,000.00 N
600115911 PAXTON STEVEN H .00 .00 .00 .000 .250 .290 $360,000.00 N
600115912 SEROTA SCOTT P .00 .00 .00 .000 .250 .290 $395,000.00 N
600115913 LLOYD WILLIAM F .00 .00 .00 .000 .250 .290 $990,000.00 N
600115914 VINCENT JEFFERY S .00 .00 .00 .000 .250 .290 $460,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 10
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115915 KRASKER GLENN D 2109 CLIFTON AVENUE CHICAGO IL 60614 $246,048.84
600115916 YANG CORA G 6415 RALEIGH ROAD WILLOWBROOK IL 60521 $309,087.14
600115917 MANN ROBERT E 734 SHADY AVENUE GENEVA IL 60134 $424,860.17
600115918 MCGILLEN EDWARD J 923 JACKSON AVE RIVER FOREST IL 60305 $232,572.59
600115919 GOLEMBESKI ALBERT W 1636 WASHINGTON AVE. WILMETTE IL 60091 $264,119.18
600115920 NEUMANN MARK 406 SHERIDAN ROAD HIGHLAND PARK IL 60035 $151,180.86
600115921 DULCAN MINA K 536 FULLERTON PARKW CHICAGO IL 60614 $620,411.76
600115923 BURROUGHS TIMOTHY 944 JUDSON AVENUE HIGHLAND PARK IL 60035 $345,932.78
600115924 BENJAMIN DAVID B 1330 WOLFRAM CHICAGO IL 60657 $274,022.52
600115925 CHRISTMAN MARC W 2339 CLOVER LANE NORTHFIELD IL 60093 $475,733.25
600115926 ROSENKRANZ JEFF A 626 BLUFF STREET GLENCOE IL 60022 $408,444.34
600115927 PRINCE WILLIAM N 303 WISCONSIN ST CHICAGO IL 60614 $576,266.24
600115928 COYNE RAYMOND F 330 RADCLIFFE WAY HINSDALE IL 60521 $521,401.36
600115929 MCGIVNEY PATRICK A 1621 FOREST AVE WILMETTE IL 60091 $245,744.18
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115915 KRASKER GLENN D 7.625 .250 7.375 .0400 7.335 07/01/2023
600115916 YANG CORA G 7.625 .250 7.375 .0400 7.335 07/01/2023
600115917 MANN ROBERT E 7.375 .250 7.125 .0400 7.085 09/01/2023
600115918 MCGILLEN EDWARD J 6.875 .250 6.625 .0400 6.585 10/01/2023
600115919 GOLEMBESKI ALBERT W 7.250 .250 7.000 .0400 6.960 09/01/2023
600115920 NEUMANN MARK 7.250 .250 7.000 .0400 6.960 09/01/2023
600115921 DULCAN MINA K 8.550 .250 8.300 .0400 8.260 08/01/2024
600115923 BURROUGHS TIMOTHY 7.250 .250 7.000 .0400 6.960 08/01/2023
600115924 BENJAMIN DAVID B 7.500 .250 7.250 .0400 7.210 07/01/2023
600115925 CHRISTMAN MARC W 7.500 .250 7.250 .0400 7.210 07/01/2023
600115926 ROSENKRANZ JEFF A 7.625 .250 7.375 .0400 7.335 07/01/2023
600115927 PRINCE WILLIAM N 7.500 .250 7.250 .0400 7.210 08/01/2023
600115928 COYNE RAYMOND F 7.500 .250 7.250 .0400 7.210 08/01/2023
600115929 MCGIVNEY PATRICK A 7.375 .250 7.125 .0400 7.085 09/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115915 KRASKER GLENN D 0392852 $1,925.20 02/01/1998 360
600115916 YANG CORA G 0393009 $2,305.29 02/01/1998 360
600115917 MANN ROBERT E 0393041 $3,177.11 02/01/1998 360
600115918 MCGILLEN EDWARD J 0393058 $1,609.48 02/01/1998 360
600115919 GOLEMBESKI ALBERT W 0393140 $1,893.73 02/01/1998 360
600115920 NEUMANN MARK 0393249 $1,702.04 02/01/1998 360
600115921 DULCAN MINA K 0393280 $5,020.99 02/01/1998 360
600115923 BURROUGHS TIMOTHY 0393371 $2,483.13 02/01/1998 360
600115924 BENJAMIN DAVID B 0393389 $2,013.74 02/01/1998 360
600115925 CHRISTMAN MARC W 0393397 $3,496.08 02/01/1998 360
600115926 ROSENKRANZ JEFF A 0393405 $3,035.02 02/01/1998 360
600115927 PRINCE WILLIAM N 0393470 $4,230.25 02/01/1998 360
600115928 COYNE RAYMOND F 0393587 $3,827.51 02/01/1998 360
600115929 MCGIVNEY PATRICK A 0393603 $1,781.95 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115915 KRASKER GLENN D .00 .00 .00 .000 .250 .290 $379,000.00 N
600115916 YANG CORA G .00 .00 .00 .000 .250 .290 $410,000.00 N
600115917 MANN ROBERT E .00 .00 .00 .000 .250 .290 $575,000.00 N
600115918 MCGILLEN EDWARD J .00 .00 .00 .000 .250 .290 $360,000.00 N
600115919 GOLEMBESKI ALBERT W .00 .00 .00 .000 .250 .290 $347,000.00 N
600115920 NEUMANN MARK .00 .00 .00 .000 .250 .290 $512,000.00 N
600115921 DULCAN MINA K .00 .00 .00 .000 .250 .290 $999,000.00 N
600115923 BURROUGHS TIMOTHY .00 .00 .00 .000 .250 .290 $455,000.00 N
600115924 BENJAMIN DAVID B .00 .00 .00 .000 .250 .290 $360,000.00 N
600115925 CHRISTMAN MARC W .00 .00 .00 .000 .250 .290 $625,000.00 N
600115926 ROSENKRANZ JEFF A .00 .00 .00 .000 .250 .290 $540,000.00 N
600115927 PRINCE WILLIAM N .00 .00 .00 .000 .250 .290 $930,000.00 N
600115928 COYNE RAYMOND F .00 .00 .00 .000 .250 .290 $690,000.00 N
600115929 MCGIVNEY PATRICK A .00 .00 .00 .000 .250 .290 $344,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 11
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115930 MARTIN THOMAS P 595 LAURIE LANE NORTHFIELD IL 60093 $429,096.01
600115931 TRESNOWSKI BERNARD R 64 WYNSTONE DRIVE NORTH BARRINGTO IL 60010 $575,265.38
600115932 DANEHY R J 922 SANDSTONE ROAD LIBERTYVILLE IL 60048 $435,623.45
600115933 WALGREEN LESLIE R 4 POTTER LANE BARRINGTON HILL IL 60010 $327,295.04
600115935 KUJAWA JOHN 6204 OSAGE AVE DOWNERS GROVE IL 60516 $246,092.86
600115936 CHEZ EDWARD B 600 LONGWOOD AVENUE GLENCOE IL 60022 $476,769.02
600115937 LEA CHRISTOPH 2041 MAGNOLIA #2041C CHICAGO IL 60614 $279,083.99
600115938 HAYES JULIE F 535 INNER GREEN BAY GLENCOE IL 60022 $335,659.52
600115939 KLAFF HERSCH M 285 WHITE OAK LANE WINNETKA IL 60093 $523,873.93
600115940 METTLER ROBERT L 655 NORTHCROFT CT LAKE FOREST IL 60045 $1,162,909.17
600115941 EPSTEIN BENNETT L 515 JACKSON AVENUE GLENCOE IL 60022 $331,851.60
600115942 EPSTEIN DAVID 9405 HOLBROOK LANE POTOMAC MD 20854 $228,599.15
600115943 NEDEAU NICHOLAS 325 RAVINE FOREST LAKE BLUFF IL 60044 $220,979.51
600115944 MORRISON DOUGLAS H 2244 ASBURY AVENUE EVANSTON IL 60201 $231,616.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115930 MARTIN THOMAS P 7.625 .250 7.375 .0400 7.335 08/01/2023
600115931 TRESNOWSKI BERNARD R 7.250 .250 7.000 .0400 6.960 04/01/2024
600115932 DANEHY R J 6.750 .250 6.500 .0400 6.460 09/01/2023
600115933 WALGREEN LESLIE R 7.250 .250 7.000 .0400 6.960 09/01/2023
600115935 KUJAWA JOHN 7.375 .250 7.125 .0400 7.085 08/01/2023
600115936 CHEZ EDWARD B 7.500 .250 7.250 .0400 7.210 09/01/2023
600115937 LEA CHRISTOPH 7.125 .250 6.875 .0400 6.835 08/01/2023
600115938 HAYES JULIE F 7.000 .250 6.750 .0400 6.710 09/01/2023
600115939 KLAFF HERSCH M 7.375 .250 7.125 .0400 7.085 09/01/2023
600115940 METTLER ROBERT L 7.375 .250 7.125 .0400 7.085 01/01/2024
600115941 EPSTEIN BENNETT L 7.000 .250 6.750 .0400 6.710 08/01/2023
600115942 EPSTEIN DAVID 7.375 .250 7.125 .0400 7.085 09/01/2023
600115943 NEDEAU NICHOLAS 7.375 .250 7.125 .0400 7.085 09/01/2023
600115944 MORRISON DOUGLAS H 7.000 .250 6.750 .0400 6.710 10/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115930 MARTIN THOMAS P 0393645 $3,185.08 02/01/1998 360
600115931 TRESNOWSKI BERNARD R 0393660 $4,093.06 02/01/1998 360
600115932 DANEHY R J 0393744 $2,983.56 02/01/1998 360
600115933 WALGREEN LESLIE R 0393793 $2,346.69 02/01/1998 360
600115935 KUJAWA JOHN 0393827 $1,806.12 02/01/1998 360
600115936 CHEZ EDWARD B 0393843 $3,496.08 02/01/1998 360
600115937 LEA CHRISTOPH 0393934 $1,980.74 02/01/1998 360
600115938 HAYES JULIE F 0393991 $2,352.51 02/01/1998 360
600115939 KLAFF HERSCH M 0394197 $3,798.72 02/01/1998 360
600115940 METTLER ROBERT L 0394213 $8,395.93 02/01/1998 360
600115941 EPSTEIN BENNETT L 0394262 $2,328.56 02/01/1998 360
600115942 EPSTEIN DAVID 0394577 $1,657.63 02/01/1998 360
600115943 NEDEAU NICHOLAS 0394650 $1,602.37 02/01/1998 360
600115944 MORRISON DOUGLAS H 0394791 $1,630.00 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115930 MARTIN THOMAS P .00 .00 .00 .000 .250 .290 $620,000.00 N
600115931 TRESNOWSKI BERNARD R .00 .00 .00 .000 .250 .290 $930,000.00 N
600115932 DANEHY R J .00 .00 .00 .000 .250 .290 $700,000.00 N
600115933 WALGREEN LESLIE R .00 .00 .00 .000 .250 .290 $435,000.00 N
600115935 KUJAWA JOHN .00 .00 .00 .000 .250 .290 $345,000.00 N
600115936 CHEZ EDWARD B .00 .00 .00 .000 .250 .290 $950,000.00 N
600115937 LEA CHRISTOPH .00 .00 .00 .000 .250 .290 $510,000.00 N
600115938 HAYES JULIE F .00 .00 .00 .000 .250 .290 $450,000.00 N
600115939 KLAFF HERSCH M .00 .00 .00 .000 .250 .290 $1,150,000.00 N
600115940 METTLER ROBERT L .00 .00 .00 .000 .250 .290 $2,600,000.00 N
600115941 EPSTEIN BENNETT L .00 .00 .00 .000 .250 .290 $615,000.00 N
600115942 EPSTEIN DAVID .00 .00 .00 .000 .250 .290 $330,000.00 N
600115943 NEDEAU NICHOLAS .00 .00 .00 .000 .250 .290 $370,000.00 N
600115944 MORRISON DOUGLAS H .00 .00 .00 .000 .250 .290 $396,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 12
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115945 BINDELGLASS ERIC S 2114 CLEVELAND CHICAGO IL 60614 $302,754.41
600115946 KUPIEC MARK J 6901 MENDOTA CHICAGO IL 60646 $232,421.51
600115947 LEE JOHN Y 2442 MORSE AVE CHICAGO IL 60645 $212,883.32
600115948 POWELL TIMOTHY R 2006 FIR GLENVIEW IL 60025 $208,754.96
600115949 GAUGHAN PATRICK A 1736 PHEASANT TRAIL INVERNESS IL 60067 $232,226.82
600115950 KRISS ROBERT J 948 HUBBARD STREET WINNETKA IL 60093 $463,306.67
600115951 TYSON DONALD G 635 PARK AVE HINSDALE IL 60521 $623,276.25
600115952 OWEN JEFFREY N 2139 CLIFTON CHICAGO IL 60614 $432,553.58
600115953 ROSEN DAVID J 1058 SKOKIE RIDGE GLENCOE IL 60022 $375,715.40
600115954 BERTSCHY CHRISTOPH 1413 GREENLAKE DR AURORA IL 60504 $250,137.83
600115955 ARNBERG MARY K 1923 HOWE STREET-A CHICAGO IL 60614 $304,801.84
600115956 MAY PERCY C 1030 STATE ST #50G,H CHICAGO IL 60610 $287,988.43
600115957 DELZELL LYNN E 3531 OAK HILL LANE LONG GROVE IL 60047 $279,614.76
600115958 KLEIMAN STEVEN 1755 SUMMIT COURT DEERFIELD IL 60015 $204,094.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115945 BINDELGLASS ERIC S 7.500 .250 7.250 .0400 7.210 09/01/2023
600115946 KUPIEC MARK J 7.375 .250 7.125 .0400 7.085 09/01/2023
600115947 LEE JOHN Y 7.000 .250 6.750 .0400 6.710 10/01/2023
600115948 POWELL TIMOTHY R 7.000 .250 6.750 .0400 6.710 09/01/2023
600115949 GAUGHAN PATRICK A 7.125 .250 6.875 .0400 6.835 09/01/2023
600115950 KRISS ROBERT J 7.000 .250 6.750 .0400 6.710 10/01/2023
600115951 TYSON DONALD G 7.125 .250 6.875 .0400 6.835 05/01/2024
600115952 OWEN JEFFREY N 6.625 .250 6.375 .0400 6.335 10/01/2023
600115953 ROSEN DAVID J 6.875 .250 6.625 .0400 6.585 10/01/2023
600115954 BERTSCHY CHRISTOPH 7.000 .250 6.750 .0400 6.710 10/01/2023
600115955 ARNBERG MARY K 7.250 .250 7.000 .0400 6.960 10/01/2023
600115956 MAY PERCY C 7.125 .250 6.875 .0400 6.835 12/01/2023
600115957 DELZELL LYNN E 7.125 .250 6.875 .0400 6.835 10/01/2023
600115958 KLEIMAN STEVEN 6.875 .250 6.625 .0400 6.585 10/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115945 BINDELGLASS ERIC S 0394858 $2,645.83 02/01/1998 360
600115946 KUPIEC MARK J 0394957 $1,692.16 02/01/1998 360
600115947 LEE JOHN Y 0395087 $1,490.28 02/01/1998 360
600115948 POWELL TIMOTHY R 0395137 $1,463.67 02/01/1998 360
600115949 GAUGHAN PATRICK A 0395145 $1,684.30 02/01/1998 360
600115950 KRISS ROBERT J 0395160 $3,243.35 02/01/1998 360
600115951 TYSON DONALD G 0395228 $4,379.18 02/01/1998 360
600115952 OWEN JEFFREY N 0395251 $2,924.63 02/01/1998 360
600115953 ROSEN DAVID J 0395277 $2,601.44 02/01/1998 360
600115954 BERTSCHY CHRISTOPH 0395327 $1,751.08 02/01/1998 360
600115955 ARNBERG MARY K 0395368 $2,182.97 02/01/1998 360
600115956 MAY PERCY C 0395384 $2,034.64 02/01/1998 360
600115957 DELZELL LYNN E 0395418 $1,980.74 02/01/1998 360
600115958 KLEIMAN STEVEN 0395434 $1,412.40 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115945 BINDELGLASS ERIC S .00 .00 .00 .000 .250 .290 $480,000.00 N
600115946 KUPIEC MARK J .00 .00 .00 .000 .250 .290 $328,000.00 N
600115947 LEE JOHN Y .00 .00 .00 .000 .250 .290 $280,000.00 N
600115948 POWELL TIMOTHY R .00 .00 .00 .000 .250 .290 $285,000.00 N
600115949 GAUGHAN PATRICK A .00 .00 .00 .000 .250 .290 $370,000.00 N
600115950 KRISS ROBERT J .00 .00 .00 .000 .250 .290 $690,000.00 N
600115951 TYSON DONALD G .00 .00 .00 .000 .250 .290 $1,000,000.00 N
600115952 OWEN JEFFREY N .00 .00 .00 .000 .250 .290 $684,000.00 N
600115953 ROSEN DAVID J .00 .00 .00 .000 .250 .290 $560,000.00 N
600115954 BERTSCHY CHRISTOPH .00 .00 .00 .000 .250 .290 $325,000.00 N
600115955 ARNBERG MARY K .00 .00 .00 .000 .250 .290 $400,000.00 N
600115956 MAY PERCY C .00 .00 .00 .000 .250 .290 $463,000.00 N
600115957 DELZELL LYNN E .00 .00 .00 .000 .250 .290 $380,000.00 N
600115958 KLEIMAN STEVEN .00 .00 .00 .000 .250 .290 $327,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 13
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115959 ZIMMERMAN S L 38 WAITKUS LEMONT IL 60439 $375,822.33
600115960 WYSER-PRATTE CHRISTIAN 3 FOREST GLEN ROA NEW PALTZ NY 12561 $261,351.99
600115961 COYNE JAMES A 2015 RACINE CHICAGO IL 60614 $221,594.11
600115962 SPEAKMAN GARY 504 AMALFI COURT LOS ANGELES CA 90402 $262,604.04
600115963 COLE DAVID L 955 KILLARNEY DRIVE DYER IN 46311 $589,248.55
600115964 HOLZMAN SHELDON P 2733 HARRISON STREET GLENVIEW IL 60025 $256,890.70
600115965 HORN DAVID B 1407 DEARBORN PKWAY CHICAGO IL 60610 $858,210.46
600115966 TETZLAFF THEODORE 1432 STATE PARKWAY CHICAGO IL 60610 $1,319,191.04
600115967 GLOMSKI TERRENCE 902 PINE STREET WINNETKA IL 60093 $362,550.11
600115968 HART HERBERT D 801 JOYCE COURT WHEATON IL 60187 $368,606.45
600115969 WILLIAMS JERRY O 2750 SHERIDAN RD EVANSTON IL 60201 $571,311.95
600115970 DONOHOE MICHAEL P 505 JUNEBERRY RD RIVERWOODS IL 60015 $311,132.40
600115971 GOSS JAMES C 145 RAVINE ROAD HINSDALE IL 60521 $318,758.36
600115972 WINTER ARTHUR 2003 ORRINGTON # N EVANSTON IL 60201 $343,877.95
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115959 ZIMMERMAN S L 7.125 .250 6.875 .0400 6.835 10/01/2023
600115960 WYSER-PRATTE CHRISTIAN 7.000 .250 6.750 .0400 6.710 10/01/2023
600115961 COYNE JAMES A 6.950 .250 6.700 .0400 6.660 11/01/2023
600115962 SPEAKMAN GARY 7.000 .250 6.750 .0400 6.710 11/01/2023
600115963 COLE DAVID L 6.875 .250 6.625 .0400 6.585 11/01/2023
600115964 HOLZMAN SHELDON P 7.125 .250 6.875 .0400 6.835 10/01/2023
600115965 HORN DAVID B 7.250 .250 7.000 .0400 6.960 11/01/2023
600115966 TETZLAFF THEODORE 6.625 .250 6.375 .0400 6.335 05/01/2024
600115967 GLOMSKI TERRENCE 7.000 .250 6.750 .0400 6.710 12/01/2023
600115968 HART HERBERT D 7.000 .250 6.750 .0400 6.710 12/01/2023
600115969 WILLIAMS JERRY O 7.125 .250 6.875 .0400 6.835 11/01/2023
600115970 DONOHOE MICHAEL P 7.000 .250 6.750 .0400 6.710 11/01/2023
600115971 GOSS JAMES C 6.875 .250 6.625 .0400 6.585 12/01/2023
600115972 WINTER ARTHUR 7.000 .250 6.750 .0400 6.710 12/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115959 ZIMMERMAN S L 0395541 $2,661.19 02/01/1998 360
600115960 WYSER-PRATTE CHRISTIAN 0395574 $1,829.59 02/01/1998 360
600115961 COYNE JAMES A 0395590 $1,542.34 02/01/1998 360
600115962 SPEAKMAN GARY 0395608 $1,836.24 02/01/1998 360
600115963 COLE DAVID L 0395624 $4,072.96 02/01/1998 360
600115964 HOLZMAN SHELDON P 0395806 $1,819.05 02/01/1998 360
600115965 HORN DAVID B 0396010 $6,139.59 02/01/1998 360
600115966 TETZLAFF THEODORE 0396101 $8,844.30 02/01/1998 360
600115967 GLOMSKI TERRENCE 0396366 $2,554.77 02/01/1998 360
600115968 HART HERBERT D 0396721 $2,790.95 02/01/1998 360
600115969 WILLIAMS JERRY O 0396762 $4,042.32 02/01/1998 360
600115970 DONOHOE MICHAEL P 0397018 $2,175.54 02/01/1998 360
600115971 GOSS JAMES C 0397075 $2,200.72 02/01/1998 360
600115972 WINTER ARTHUR 0397232 $2,401.75 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115959 ZIMMERMAN S L .00 .00 .00 .000 .250 .290 $495,000.00 N
600115960 WYSER-PRATTE CHRISTIAN .00 .00 .00 .000 .250 .290 $388,000.00 N
600115961 COYNE JAMES A .00 .00 .00 .000 .250 .290 $325,000.00 N
600115962 SPEAKMAN GARY .00 .00 .00 .000 .250 .290 $840,000.00 N
600115963 COLE DAVID L .00 .00 .00 .000 .250 .290 $775,000.00 N
600115964 HOLZMAN SHELDON P .00 .00 .00 .000 .250 .290 $380,000.00 N
600115965 HORN DAVID B .00 .00 .00 .000 .250 .290 $1,300,000.00 N
600115966 TETZLAFF THEODORE .00 .00 .00 .000 .250 .290 $2,125,000.00 N
600115967 GLOMSKI TERRENCE .00 .00 .00 .000 .250 .290 $490,000.00 N
600115968 HART HERBERT D .00 .00 .00 .000 .250 .290 $540,000.00 N
600115969 WILLIAMS JERRY O .00 .00 .00 .000 .250 .290 $825,000.00 N
600115970 DONOHOE MICHAEL P .00 .00 .00 .000 .250 .290 $450,000.00 N
600115971 GOSS JAMES C .00 .00 .00 .000 .250 .290 $434,000.00 N
600115972 WINTER ARTHUR .00 .00 .00 .000 .250 .290 $550,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 14
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115974 MAYER ROBERT N 558 HAWTHORNE PL CHICAGO IL 60657 $476,285.45
600115975 BAKALAR JOHN S 1760 DALE HIGHLAND PARK IL 60035 $951,760.49
600115976 SEIDLER MARC P 827 BOB-O-LINK RD HIGHLAND PARK IL 60035 $485,274.47
600115977 VILLA DAVID C 484 ELDER LANE WINNETKA IL 60093 $253,056.12
600115978 DUNHAM KEVIN N 538 MCBAIN WAY INVERNESS IL 60010 $285,120.08
600115979 LEE BOM I 116 ST. FRANCIS CIR OAK BROOK IL 60521 $416,765.21
600115980 CONNOR CATHERINE 2035 GIDDINGS CHICAGO IL 60625 $214,817.19
600115982 HURLEY BRIAN X 2613-E NORTH GREENVIEW CHICAGO IL 60614 $396,847.95
600115983 COX CHARLES C 811 CASTLEWOOD TERR CHICAGO IL 60640 $427,215.39
600115984 TONE JEFFREY R 750 WISNER STREET PARK RIDGE IL 60068 $531,753.37
600115985 GALOWICH RONALD H 1248 ASTOR STREET CHICAGO IL 60610 $1,050,219.87
600115986 ZADIKOFF DAVID I 353 VINE AVENUE HIGHLAND PARK IL 60035 $312,346.02
600115987 FRIEDLAND JOEL S 1424 STATE PARKWAY CHICAGO IL 60610 $960,070.02
600115988 PEDELTY LORI K 1320 PLYMOUTH CT CHICAGO IL 60605 $384,929.43
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115974 MAYER ROBERT N 7.000 .250 6.750 .0400 6.710 12/01/2023
600115975 BAKALAR JOHN S 6.500 .250 6.250 .0400 6.210 03/01/2024
600115976 SEIDLER MARC P 6.875 .250 6.625 .0400 6.585 12/01/2023
600115977 VILLA DAVID C 6.750 .250 6.500 .0400 6.460 12/01/2023
600115978 DUNHAM KEVIN N 6.875 .250 6.625 .0400 6.585 11/01/2023
600115979 LEE BOM I 6.875 .250 6.625 .0400 6.585 12/01/2023
600115980 CONNOR CATHERINE 7.000 .250 6.750 .0400 6.710 02/01/2024
600115982 HURLEY BRIAN X 7.000 .250 6.750 .0400 6.710 12/01/2023
600115983 COX CHARLES C 7.125 .250 6.875 .0400 6.835 12/01/2023
600115984 TONE JEFFREY R 7.125 .250 6.875 .0400 6.835 01/01/2024
600115985 GALOWICH RONALD H 7.000 .250 6.750 .0400 6.710 02/01/2024
600115986 ZADIKOFF DAVID I 7.125 .250 6.875 .0400 6.835 01/01/2024
600115987 FRIEDLAND JOEL S 7.000 .250 6.750 .0400 6.710 07/01/2024
600115988 PEDELTY LORI K 7.125 .250 6.875 .0400 6.835 06/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115974 MAYER ROBERT N 0397406 $3,326.52 02/01/1998 360
600115975 BAKALAR JOHN S 0397463 $6,320.69 02/01/1998 360
600115976 SEIDLER MARC P 0397505 $3,350.34 02/01/1998 360
600115977 VILLA DAVID C 0397620 $1,726.90 02/01/1998 360
600115978 DUNHAM KEVIN N 0397646 $1,970.79 02/01/1998 360
600115979 LEE BOM I 0397729 $2,877.35 02/01/1998 360
600115980 CONNOR CATHERINE 0397745 $1,496.94 02/01/1998 360
600115982 HURLEY BRIAN X 0397893 $2,794.28 02/01/1998 360
600115983 COX CHARLES C 0397927 $3,018.26 02/01/1998 360
600115984 TONE JEFFREY R 0398420 $3,752.62 02/01/1998 360
600115985 GALOWICH RONALD H 0398503 $7,318.33 02/01/1998 360
600115986 ZADIKOFF DAVID I 0398537 $2,220.92 02/01/1998 360
600115987 FRIEDLAND JOEL S 0398602 $6,653.03 02/01/1998 360
600115988 PEDELTY LORI K 0398800 $2,701.62 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115974 MAYER ROBERT N .00 .00 .00 .000 .250 .290 $950,000.00 N
600115975 BAKALAR JOHN S .00 .00 .00 .000 .250 .290 $2,300,000.00 N
600115976 SEIDLER MARC P .00 .00 .00 .000 .250 .290 $1,050,000.00 N
600115977 VILLA DAVID C .00 .00 .00 .000 .250 .290 $355,000.00 N
600115978 DUNHAM KEVIN N .00 .00 .00 .000 .250 .290 $400,000.00 N
600115979 LEE BOM I .00 .00 .00 .000 .250 .290 $645,000.00 N
600115980 CONNOR CATHERINE .00 .00 .00 .000 .250 .290 $300,000.00 N
600115982 HURLEY BRIAN X .00 .00 .00 .000 .250 .290 $533,000.00 N
600115983 COX CHARLES C .00 .00 .00 .000 .250 .290 $610,000.00 N
600115984 TONE JEFFREY R .00 .00 .00 .000 .250 .290 $710,000.00 N
600115985 GALOWICH RONALD H .00 .00 .00 .000 .250 .290 $2,400,000.00 N
600115986 ZADIKOFF DAVID I .00 .00 .00 .000 .250 .290 $430,000.00 N
600115987 FRIEDLAND JOEL S .00 .00 .00 .000 .250 .290 $1,650,000.00 N
600115988 PEDELTY LORI K .00 .00 .00 .000 .250 .290 $530,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 15
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115989 LENTERS ARNOLD H 2216 SEMINARY AVE CHICAGO IL 60614 $205,881.91
600115990 MARREN GREGORY P 1130 TURNBERRY DR SCHERERVILLE IN 46375 $276,489.49
600115991 GROSSMAN STEVEN H 2 BEDFORD COURT LINCOLNSHIRE IL 60069 $354,013.46
600115992 OPLER JR EDMOND 802 BURR RIDGE CLUB BURR RIDGE IL 60521 $466,876.89
600115993 MULLIGAN MICHELLE 4133 HERMITAGE AVE CHICAGO IL 60613 $237,264.22
600115994 LANDAY ALAN L 1005 EAST AVENUE OAK PARK IL 60302 $256,442.64
600115995 CAMPBELL GAVIN E 2156 PIERCE CHICAGO IL 60622 $234,717.47
600115996 HANSEN GREGORY D 1479 S INDIANA CHICAGO IL 60605 $233,987.60
600115997 DONENFELD J D 425 EUGENIE ST CHICAGO IL 60614 $408,957.37
600115998 SOPER MD MICHAEL 4N540 HIDDEN OAKS RD ST CHARLES IL 60175 $429,600.36
600115999 LUCAS STUART E 2340 GENEVA TERRACE CHICAGO IL 60614 $406,172.07
600116000 GEBELEIN CHRISTOPH 2652 SOUTHPORT AVE # CHICAGO IL 60614 $294,666.62
600116001 SLAMAR PAUL T 21844 VESPER COURT DEER PARK IL 60010 $243,098.39
600116002 ALLEN MICHAEL 2212 MC DANIEL AVE EVANSTON IL 60201 $239,177.30
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115989 LENTERS ARNOLD H 7.250 .250 7.000 .0400 6.960 02/01/2024
600115990 MARREN GREGORY P 7.250 .250 7.000 .0400 6.960 02/01/2024
600115991 GROSSMAN STEVEN H 7.125 .250 6.875 .0400 6.835 03/01/2024
600115992 OPLER JR EDMOND 7.125 .250 6.875 .0400 6.835 02/01/2024
600115993 MULLIGAN MICHELLE 7.250 .250 7.000 .0400 6.960 02/01/2024
600115994 LANDAY ALAN L 6.875 .250 6.625 .0400 6.585 02/01/2024
600115995 CAMPBELL GAVIN E 7.150 .250 6.900 .0400 6.860 04/01/2024
600115996 HANSEN GREGORY D 7.500 .250 7.250 .0400 7.210 05/01/2024
600115997 DONENFELD J D 7.250 .250 7.000 .0400 6.960 03/01/2024
600115998 SOPER MD MICHAEL 6.875 .250 6.625 .0400 6.585 02/01/2024
600115999 LUCAS STUART E 8.300 .250 8.050 .0400 8.010 09/01/2024
600116000 GEBELEIN CHRISTOPH 7.250 .250 7.000 .0400 6.960 02/01/2024
600116001 SLAMAR PAUL T 7.250 .250 7.000 .0400 6.960 03/01/2024
600116002 ALLEN MICHAEL 7.250 .250 7.000 .0400 6.960 02/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115989 LENTERS ARNOLD H 0399071 $1,521.26 02/01/1998 360
600115990 MARREN GREGORY P 0399089 $1,971.49 02/01/1998 360
600115991 GROSSMAN STEVEN H 0399105 $2,492.76 02/01/1998 360
600115992 OPLER JR EDMOND 0399147 $3,291.12 02/01/1998 360
600115993 MULLIGAN MICHELLE 0399170 $1,691.80 02/01/1998 360
600115994 LANDAY ALAN L 0399212 $1,773.71 02/01/1998 360
600115995 CAMPBELL GAVIN E 0399261 $1,654.75 02/01/1998 360
600115996 HANSEN GREGORY D 0399386 $1,828.45 02/01/1998 360
600115997 DONENFELD J D 0399485 $2,912.90 02/01/1998 360
600115998 SOPER MD MICHAEL 0399535 $2,979.83 02/01/1998 360
600115999 LUCAS STUART E 0399543 $3,396.54 02/01/1998 360
600116000 GEBELEIN CHRISTOPH 0399592 $2,101.11 02/01/1998 360
600116001 SLAMAR PAUL T 0399600 $1,732.73 02/01/1998 360
600116002 ALLEN MICHAEL 0399642 $1,705.45 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115989 LENTERS ARNOLD H .00 .00 .00 .000 .250 .290 $445,000.00 N
600115990 MARREN GREGORY P .00 .00 .00 .000 .250 .290 $395,000.00 N
600115991 GROSSMAN STEVEN H .00 .00 .00 .000 .250 .290 $520,000.00 N
600115992 OPLER JR EDMOND .00 .00 .00 .000 .250 .290 $775,008.00 N
600115993 MULLIGAN MICHELLE .00 .00 .00 .000 .250 .290 $310,000.00 N
600115994 LANDAY ALAN L .00 .00 .00 .000 .250 .290 $356,000.00 N
600115995 CAMPBELL GAVIN E .00 .00 .00 .000 .250 .290 $410,408.00 N
600115996 HANSEN GREGORY D .00 .00 .00 .000 .250 .290 $330,000.00 N
600115997 DONENFELD J D .00 .00 .00 .000 .250 .290 $550,000.00 N
600115998 SOPER MD MICHAEL .00 .00 .00 .000 .250 .290 $595,000.00 N
600115999 LUCAS STUART E .00 .00 .00 .000 .250 .290 $600,000.00 N
600116000 GEBELEIN CHRISTOPH .00 .00 .00 .000 .250 .290 $444,000.00 N
600116001 SLAMAR PAUL T .00 .00 .00 .000 .250 .290 $366,500.00 N
600116002 ALLEN MICHAEL .00 .00 .00 .000 .250 .290 $312,750.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 16
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116003 MANNING ROBERT J 11232 CHESAPEAKE WESTCHESTER IL 60153 $260,507.03
600116004 BAIRD STEPHEN W 1154 PINE STREET WINNETKA IL 60093 $437,806.87
600116005 WAGENER JOHN T 1504 SARATOGA COURT GREEN OAKS IL 60048 $216,449.72
600116006 GABRIEL KENNETH S 15217 GINGER CREEK LN ORLAND PARK IL 60462 $270,586.78
600116007 SCHIMBERG A B 7241 VENTANA CANYON TUCSON AZ 85715 $322,538.16
600116008 CHERTOW SHELDON 147 DEMPSTER EVANSTON IL 60201 $381,353.26
600116009 EYLER JR JOHN H 75 STUYVESANT AVE RYE NY 10580 $862,898.00
600116010 LOWITZ WENDY E 2622 MAGNOLIA CHICAGO IL 60614 $494,241.76
600116011 APPENZELLER TERENCE 772 HALBERT LANE BARRINGTON IL 60010 $285,939.01
600116012 MALKIN STEPHEN J 440 LAKESIDE TERRAC GLENCOE IL 60022 $1,406,364.98
600116013 BEASLEY LARRY C 3500 CRANSHIRE COURT PALATINE IL 60067 $212,108.42
600116014 BARRY HARRIETT 425 KIRKWOOD COVE BURR RIDGE IL 60521 $216,407.69
600116015 VAN DE LOO GLEN L 2844 SUGARPINE CIR NORTHBROOK IL 60062 $228,166.23
600116016 RICCIARDI MARIO 612 FOREST EDGE LN DES PLAINES IL 60016 $220,209.60
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116003 MANNING ROBERT J 7.250 .250 7.000 .0400 6.960 03/01/2024
600116004 BAIRD STEPHEN W 6.750 .250 6.500 .0400 6.460 03/01/2024
600116005 WAGENER JOHN T 6.875 .250 6.625 .0400 6.585 02/01/2024
600116006 GABRIEL KENNETH S 7.625 .250 7.375 .0400 7.335 02/01/2024
600116007 SCHIMBERG A B 7.250 .250 7.000 .0400 6.960 01/01/2024
600116008 CHERTOW SHELDON 6.875 .250 6.625 .0400 6.585 02/01/2024
600116009 EYLER JR JOHN H 7.250 .250 7.000 .0400 6.960 04/01/2024
600116010 LOWITZ WENDY E 7.375 .250 7.125 .0400 7.085 06/01/2024
600116011 APPENZELLER TERENCE 7.625 .250 7.375 .0400 7.335 02/01/2024
600116012 MALKIN STEPHEN J 7.250 .250 7.000 .0400 6.960 02/01/2024
600116013 BEASLEY LARRY C 7.375 .250 7.125 .0400 7.085 03/01/2024
600116014 BARRY HARRIETT 7.250 .250 7.000 .0400 6.960 02/01/2024
600116015 VAN DE LOO GLEN L 7.375 .250 7.125 .0400 7.085 03/01/2024
600116016 RICCIARDI MARIO 7.375 .250 7.125 .0400 7.085 03/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116003 MANNING ROBERT J 0399667 $1,855.52 02/01/1998 360
600116004 BAIRD STEPHEN W 0399675 $2,977.07 02/01/1998 360
600116005 WAGENER JOHN T 0399766 $1,490.91 02/01/1998 360
600116006 GABRIEL KENNETH S 0399790 $1,995.98 02/01/1998 360
600116007 SCHIMBERG A B 0399840 $2,302.35 02/01/1998 360
600116008 CHERTOW SHELDON 0399857 $2,627.72 02/01/1998 360
600116009 EYLER JR JOHN H 0399956 $6,139.59 02/01/1998 360
600116010 LOWITZ WENDY E 0399980 $3,550.08 02/01/1998 360
600116011 APPENZELLER TERENCE 0399998 $2,109.23 02/01/1998 360
600116012 MALKIN STEPHEN J 0400010 ********* 02/01/1998 360
600116013 BEASLEY LARRY C 0400077 $1,528.12 02/01/1998 360
600116014 BARRY HARRIETT 0400085 $1,543.09 02/01/1998 360
600116015 VAN DE LOO GLEN L 0400101 $1,643.81 02/01/1998 360
600116016 RICCIARDI MARIO 0400168 $1,623.09 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116003 MANNING ROBERT J .00 .00 .00 .000 .250 .290 $345,000.00 N
600116004 BAIRD STEPHEN W .00 .00 .00 .000 .250 .290 $900,000.00 N
600116005 WAGENER JOHN T .00 .00 .00 .000 .250 .290 $310,000.00 N
600116006 GABRIEL KENNETH S .00 .00 .00 .000 .250 .290 $401,000.00 N
600116007 SCHIMBERG A B .00 .00 .00 .000 .250 .290 $450,000.00 N
600116008 CHERTOW SHELDON .00 .00 .00 .000 .250 .290 $1,355,000.00 N
600116009 EYLER JR JOHN H .00 .00 .00 .000 .250 .290 $2,000,000.00 N
600116010 LOWITZ WENDY E .00 .00 .00 .000 .250 .290 $790,000.00 N
600116011 APPENZELLER TERENCE .00 .00 .00 .000 .250 .290 $570,000.00 N
600116012 MALKIN STEPHEN J .00 .00 .00 .000 .250 .290 $2,250,000.00 N
600116013 BEASLEY LARRY C .00 .00 .00 .000 .250 .290 $295,000.00 N
600116014 BARRY HARRIETT .00 .00 .00 .000 .250 .290 $326,000.00 N
600116015 VAN DE LOO GLEN L .00 .00 .00 .000 .250 .290 $300,000.00 N
600116016 RICCIARDI MARIO .00 .00 .00 .000 .250 .290 $305,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 17
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116017 KAUFMAN GARY A 1839 CAVELL AVE HIGHLAND PARK IL 60035 $254,284.93
600116018 SOSNOVICH GREGORY S 5 HAMILL LANE CLARENDON HILLS IL 60514 $369,016.06
600116019 KOGAN NEPHTALI 230 LANDIS LANE DEERFIELD IL 60015 $356,404.87
600116020 HERLEVSEN M T 1886 MAUD CHICAGO IL 60614 $418,286.93
600116021 CAHAN MERLE P 8558 FLOWER HILL DR TUCSON AZ 85715 $189,458.59
600116022 GENSBURG MATTHEW T 32W480 DERBY LANE WAYNE IL 60184 $230,752.80
600116023 TARKINGTON DONALD A 2328 HARTZELL EVANSTON IL 60201 $269,319.65
600116024 GOLD SETH I 342 BROOKSIDE DRIVE WILMETTE IL 60091 $229,791.45
600116025 BRANSON JEANNE M 736 SCHUBERT AVE CHICAGO IL 60614 $291,651.51
600116026 VAVRIK ROBERT J 2091 BROOKDALE LANE PALATINE IL 60067 $283,486.95
600116027 CHANA THOMAS J 1035 SIR WILLIAM LAN LAKE FOREST IL 60045 $532,244.27
600116028 POLICH EDWARD M 4742 DOVER CHICAGO IL 60640 $222,508.72
600116029 GRABISH MICHAEL J 1501 STATE PARKWAY 7 CHICAGO IL 60613 $252,362.16
600116030 GELLER NORMAN S 9263 113 WAY SCOTTSDALE AZ 85259 $384,446.75
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116017 KAUFMAN GARY A 7.500 .250 7.250 .0400 7.210 03/01/2024
600116018 SOSNOVICH GREGORY S 7.500 .250 7.250 .0400 7.210 04/01/2024
600116019 KOGAN NEPHTALI 6.875 .250 6.625 .0400 6.585 06/01/2024
600116020 HERLEVSEN M T 7.500 .250 7.250 .0400 7.210 02/01/2024
600116021 CAHAN MERLE P 7.500 .250 7.250 .0400 7.210 03/01/2024
600116022 GENSBURG MATTHEW T 7.625 .250 7.375 .0400 7.335 04/01/2024
600116023 TARKINGTON DONALD A 7.625 .250 7.375 .0400 7.335 05/01/2024
600116024 GOLD SETH I 7.625 .250 7.375 .0400 7.335 04/01/2024
600116025 BRANSON JEANNE M 7.500 .250 7.250 .0400 7.210 06/01/2024
600116026 VAVRIK ROBERT J 7.750 .250 7.500 .0400 7.460 05/01/2024
600116027 CHANA THOMAS J 7.000 .250 6.750 .0400 6.710 06/01/2024
600116028 POLICH EDWARD M 7.625 .250 7.375 .0400 7.335 04/01/2024
600116029 GRABISH MICHAEL J 7.875 .250 7.625 .0400 7.585 05/01/2024
600116030 GELLER NORMAN S 7.000 .250 6.750 .0400 6.710 08/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116017 KAUFMAN GARY A 0400176 $1,852.92 02/01/1998 360
600116018 SOSNOVICH GREGORY S 0400226 $2,712.96 02/01/1998 360
600116019 KOGAN NEPHTALI 0400275 $2,443.78 02/01/1998 360
600116020 HERLEVSEN M T 0400341 $3,062.56 02/01/1998 360
600116021 CAHAN MERLE P 0400374 $1,566.25 02/01/1998 360
600116022 GENSBURG MATTHEW T 0612283 $1,698.71 02/01/1998 360
600116023 TARKINGTON DONALD A 0612358 $1,990.68 02/01/1998 360
600116024 GOLD SETH I 0612366 $1,691.63 02/01/1998 360
600116025 BRANSON JEANNE M 0612796 $2,118.63 02/01/1998 360
600116026 VAVRIK ROBERT J 0612838 $2,113.42 02/01/1998 360
600116027 CHANA THOMAS J 0612937 $3,692.43 02/01/1998 360
600116028 POLICH EDWARD M 0612945 $1,645.63 02/01/1998 360
600116029 GRABISH MICHAEL J 0613026 $1,899.69 02/01/1998 360
600116030 GELLER NORMAN S 0613091 $2,661.21 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116017 KAUFMAN GARY A .00 .00 .00 .000 .250 .290 $335,000.00 N
600116018 SOSNOVICH GREGORY S .00 .00 .00 .000 .250 .290 $485,000.00 N
600116019 KOGAN NEPHTALI .00 .00 .00 .000 .250 .290 $542,000.00 N
600116020 HERLEVSEN M T .00 .00 .00 .000 .250 .290 $550,000.00 N
600116021 CAHAN MERLE P .00 .00 .00 .000 .250 .290 $280,000.00 N
600116022 GENSBURG MATTHEW T .00 .00 .00 .000 .250 .290 $300,000.00 N
600116023 TARKINGTON DONALD A .00 .00 .00 .000 .250 .290 $375,000.00 N
600116024 GOLD SETH I .00 .00 .00 .000 .250 .290 $335,000.00 N
600116025 BRANSON JEANNE M .00 .00 .00 .000 .250 .290 $380,000.00 N
600116026 VAVRIK ROBERT J .00 .00 .00 .000 .250 .290 $395,000.00 N
600116027 CHANA THOMAS J .00 .00 .00 .000 .250 .290 $860,000.00 N
600116028 POLICH EDWARD M .00 .00 .00 .000 .250 .290 $310,000.00 N
600116029 GRABISH MICHAEL J .00 .00 .00 .000 .250 .290 $328,000.00 N
600116030 GELLER NORMAN S .00 .00 .00 .000 .250 .290 $510,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 18
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116031 TAYLOR MICHAEL A 226 STONEBRIDGE WAY MUNDELEIN IL 60060 $232,230.14
600116032 HUDETZ PETER 24905 PINE CONE LN PLAINFIELD IL 60544 $457,272.86
600116034 PROCTOR JR DEAN W 414 FOREST WILMETTE IL 60091 $540,088.22
600116035 RICHTER ELIZABETH 2034 CLIFTON AVENUE CHICAGO IL 60614 $231,797.01
600116036 JOHNS JENNIFER 36 VISTA REDONDA SANTA FE NM 87501 $292,534.05
600116037 SERPE INGE M 408 LINCOLN AVE PARK RIDGE IL 60068 $267,016.35
600116038 LISZKA WALTER J 354 CARLYLE PLACE ARLINGTON HEIGH IL 60004 $211,662.64
600116039 DHUPELIA VIRENDRA 120 PONDEROSA COURT BARRINGTON IL 60010 $255,556.67
600116040 O'BRIEN LAWRENCE 2106 INVERNESS GLENVIEW IL 60025 $367,652.56
600116041 PLEWA JEFFREY M 1405 ROYAL OAK LANE GLENVIEW IL 60025 $303,096.61
600116042 BANKS ROBERT L 232 RAVINE FOREST LAKE BLUFF IL 60044 $389,070.74
600116043 ROCK STEVEN A 3132 HUNTINGTON LANE NORTHBROOK IL 60062 $396,252.80
600116044 CRAWFORD GARY N 566 ROSILAND DRIVE PALATINE IL 60074 $246,782.54
600116045 BROCHU RICHARD N 849 INTERLAKEN LANE LIBERTYVILLE IL 60048 $328,344.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116031 TAYLOR MICHAEL A 8.150 .250 7.900 .0400 7.860 07/01/2024
600116032 HUDETZ PETER 7.375 .250 7.125 .0400 7.085 07/01/2024
600116034 PROCTOR JR DEAN W 8.125 .250 7.875 .0400 7.835 06/01/2024
600116035 RICHTER ELIZABETH 8.000 .250 7.750 .0400 7.710 06/01/2024
600116036 JOHNS JENNIFER 9.250 .250 9.000 .0400 8.960 09/01/2024
600116037 SERPE INGE M 7.800 .250 7.550 .0400 7.510 08/01/2025
600116038 LISZKA WALTER J 8.450 .250 8.200 .0400 8.160 11/01/2022
600116039 DHUPELIA VIRENDRA 7.750 .250 7.500 .0400 7.460 07/01/2023
600116040 O'BRIEN LAWRENCE 6.750 .250 6.500 .0400 6.460 04/01/2024
600116041 PLEWA JEFFREY M 7.125 .250 6.875 .0400 6.835 12/01/2023
600116042 BANKS ROBERT L 7.125 .250 6.875 .0400 6.835 12/01/2023
600116043 ROCK STEVEN A 7.125 .250 6.875 .0400 6.835 11/01/2023
600116044 CRAWFORD GARY N 7.250 .250 7.000 .0400 6.960 12/01/2023
600116045 BROCHU RICHARD N 7.125 .250 6.875 .0400 6.835 01/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116031 TAYLOR MICHAEL A 0613133 $1,786.20 02/01/1998 360
600116032 HUDETZ PETER 0613166 $3,280.71 02/01/1998 360
600116034 PROCTOR JR DEAN W 0613406 $4,148.71 02/01/1998 360
600116035 RICHTER ELIZABETH 0613539 $1,761.04 02/01/1998 360
600116036 JOHNS JENNIFER 0614628 $2,468.03 02/01/1998 360
600116037 SERPE INGE M 0616714 $1,969.57 02/01/1998 360
600116038 LISZKA WALTER J 0626580 $1,722.09 02/01/1998 360
600116039 DHUPELIA VIRENDRA 0632158 $1,919.99 02/01/1998 360
600116040 O'BRIEN LAWRENCE 0636225 $2,497.11 02/01/1998 360
600116041 PLEWA JEFFREY M 0637710 $2,170.05 02/01/1998 360
600116042 BANKS ROBERT L 0639377 $2,748.78 02/01/1998 360
600116043 ROCK STEVEN A 0639435 $2,802.67 02/01/1998 360
600116044 CRAWFORD GARY N 0639633 $1,800.95 02/01/1998 360
600116045 BROCHU RICHARD N 0640128 $2,324.33 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116031 TAYLOR MICHAEL A .00 .00 .00 .000 .250 .290 $305,000.00 N
600116032 HUDETZ PETER .00 .00 .00 .000 .250 .290 $675,000.00 N
600116034 PROCTOR JR DEAN W .00 .00 .00 .000 .250 .290 $745,000.00 N
600116035 RICHTER ELIZABETH .00 .00 .00 .000 .250 .290 $391,000.00 N
600116036 JOHNS JENNIFER .00 .00 .00 .000 .250 .290 $746,000.00 N
600116037 SERPE INGE M .00 .00 .00 .000 .250 .290 $344,000.00 N
600116038 LISZKA WALTER J .00 .00 .00 .000 .250 .290 $322,000.00 N
600116039 DHUPELIA VIRENDRA .00 .00 .00 .000 .250 .290 $338,000.00 N
600116040 O'BRIEN LAWRENCE .00 .00 .00 .000 .250 .290 $575,000.00 N
600116041 PLEWA JEFFREY M .00 .00 .00 .000 .250 .290 $430,000.00 N
600116042 BANKS ROBERT L .00 .00 .00 .000 .250 .290 $800,000.00 N
600116043 ROCK STEVEN A .00 .00 .00 .000 .250 .290 $570,000.00 N
600116044 CRAWFORD GARY N .00 .00 .00 .000 .250 .290 $390,000.00 N
600116045 BROCHU RICHARD N .00 .00 .00 .000 .250 .290 $625,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 19
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116046 WOZNIAK RALPH E 172 HALKIRK CIRCLE INVERNESS IL 60067 $221,463.19
600116047 VARRONEY DANIEL A 1293 LAKEVIEW PALATINE IL 60067 $228,103.29
600116048 SEEBERG JAMES 1414 AVENUE BANNOCKBURN IL 60015 $253,528.33
600116049 CURCIARELLO GERRY V 175 POPLAR ROAD LAKE FOREST IL 60045 $452,045.62
600116050 SULLIVAN JEREMIAH 27075 KENSINGTON CT BARRINGTON IL 60010 $263,095.28
600116052 BLAIR JAMES M 1301 LAGUNA COURT PALATINE IL 60067 $242,309.69
600116053 SCHACHNER DAVID J 5140 TAMARACK DRIVE BARRINGTON IL 60010 $240,667.90
600116054 ZOUMARAS GEORGE T 4206 DEVONSHIRE CT NORTHBROOK IL 60062 $254,585.44
600116055 VEIT CHRISTOPH 408 BRIGHTON COURT PALATINE IL 60067 $237,093.39
600116056 RAY ROBERT D 208 THIERRY LANE PROSPECT HEIGHT IL 60070 $240,608.06
600116057 SHAW GUY 28640 PARK DRIVE BARRINGTON IL 60010 $246,063.98
600116058 STRAUSS PAUL 5525 SOUTH WOODLAWN CHICAGO IL 60637 $305,900.58
600116060 SILVER ROBERT 818 WOODLEIGH AVENU HIGHLAND PARK IL 60035 $285,099.51
600116061 PETERS KARL M 2326 BRYANT AVENUE EVANSTON IL 60201 $207,871.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116046 WOZNIAK RALPH E 7.125 .250 6.875 .0400 6.835 01/01/2024
600116047 VARRONEY DANIEL A 7.250 .250 7.000 .0400 6.960 04/01/2024
600116048 SEEBERG JAMES 7.250 .250 7.000 .0400 6.960 02/01/2024
600116049 CURCIARELLO GERRY V 7.250 .250 7.000 .0400 6.960 02/01/2024
600116050 SULLIVAN JEREMIAH 7.250 .250 7.000 .0400 6.960 02/01/2024
600116052 BLAIR JAMES M 7.250 .250 7.000 .0400 6.960 03/01/2024
600116053 SCHACHNER DAVID J 7.500 .250 7.250 .0400 7.210 03/01/2024
600116054 ZOUMARAS GEORGE T 7.800 .250 7.550 .0400 7.510 02/01/2024
600116055 VEIT CHRISTOPH 7.250 .250 7.000 .0400 6.960 05/01/2024
600116056 RAY ROBERT D 7.625 .250 7.375 .0400 7.335 05/01/2024
600116057 SHAW GUY 7.500 .250 7.250 .0400 7.210 06/01/2023
600116058 STRAUSS PAUL 7.350 .250 7.100 .0400 7.060 01/01/2011
600116060 SILVER ROBERT 7.750 .250 7.500 .0400 7.460 09/01/2023
600116061 PETERS KARL M 7.500 .250 7.250 .0400 7.210 09/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116046 WOZNIAK RALPH E 0640318 $1,684.30 02/01/1998 360
600116047 VARRONEY DANIEL A 0640656 $1,623.58 02/01/1998 360
600116048 SEEBERG JAMES 0641399 $1,807.77 02/01/1998 360
600116049 CURCIARELLO GERRY V 0641464 $3,223.29 02/01/1998 360
600116050 SULLIVAN JEREMIAH 0642074 $1,875.99 02/01/1998 360
600116052 BLAIR JAMES M 0642157 $1,725.91 02/01/1998 360
600116053 SCHACHNER DAVID J 0642322 $1,753.63 02/01/1998 360
600116054 ZOUMARAS GEORGE T 0642355 $1,907.66 02/01/1998 360
600116055 VEIT CHRISTOPH 0643007 $1,686.34 02/01/1998 360
600116056 RAY ROBERT D 0643379 $1,769.49 02/01/1998 360
600116057 SHAW GUY 0671941 $1,810.27 02/01/1998 360
600116058 STRAUSS PAUL 0675256 $3,062.04 02/01/1998 212
600116060 SILVER ROBERT 0676965 $2,149.24 02/01/1998 360
600116061 PETERS KARL M 0677187 $1,524.29 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116046 WOZNIAK RALPH E .00 .00 .00 .000 .250 .290 $550,000.00 N
600116047 VARRONEY DANIEL A .00 .00 .00 .000 .250 .290 $305,000.00 N
600116048 SEEBERG JAMES .00 .00 .00 .000 .250 .290 $445,000.00 N
600116049 CURCIARELLO GERRY V .00 .00 .00 .000 .250 .290 $615,000.00 N
600116050 SULLIVAN JEREMIAH .00 .00 .00 .000 .250 .290 $423,000.00 N
600116052 BLAIR JAMES M .00 .00 .00 .000 .250 .290 $370,000.00 N
600116053 SCHACHNER DAVID J .00 .00 .00 .000 .250 .290 $323,000.00 N
600116054 ZOUMARAS GEORGE T .00 .00 .00 .000 .250 .290 $420,000.00 N
600116055 VEIT CHRISTOPH .00 .00 .00 .000 .250 .290 $309,000.00 N
600116056 RAY ROBERT D .00 .00 .00 .000 .250 .290 $350,000.00 N
600116057 SHAW GUY .00 .00 .00 .000 .250 .290 $370,000.00 N
600116058 STRAUSS PAUL .00 .00 .00 .000 .250 .290 $450,000.00 N
600116060 SILVER ROBERT .00 .00 .00 .000 .250 .290 $540,000.00 N
600116061 PETERS KARL M .00 .00 .00 .000 .250 .290 $305,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 20
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116062 MCKAY EDWIN B 945 EASTWOOD RD GLENCOE IL 60022 $244,066.64
600116063 GREEN DAVID C 155 HARBOR DR. #512 CHICAGO IL 60601 $277,197.86
600116064 KIM DAFNA 100 HURON #3004 CHICAGO IL 60611 $165,367.15
600116066 SALCE PAUL 20 LAKESIDE LANE NORTH BARRINGTO IL 60010 $308,086.46
600116067 NEUKRANZ RICHARD K 6461 BOBBIE JONES LA WOODRIDGE IL 60517 $224,109.99
600116068 WILLIAMS RUTH D 1N611 INDIAN KNOLL RD WEST CHICAGO IL 60185 $444,431.71
600116069 WOODS KEVIN J 20200 ST ANDREW'S CT OLYMPIA FIELDS IL 60461 $215,649.56
600116070 SALAZAR DONALD M 822 WAVELAND AVE CHICAGO IL 60613 $208,896.95
600116071 FREW DOUGLAS B 3622 FREMONT ST CHICAGO IL 60613 $277,706.50
600116072 COSTLEY JAMIE S 457 GROVE STREET GLENCOE IL 60022 $382,158.34
600116073 OTTO RICHARD 1155 WESLEY AVENUE EVANSTON IL 60202 $212,575.25
600116074 SMITH MARK R 905 GARY COURT WHEATON IL 60187 $284,157.41
600116075 HODGES THOMAS H 622 OAK STREET WINNETKA IL 60093 $385,890.91
600116076 GAGE GARY 438 BLACKSTONE LA GRANGE IL 60525 $261,062.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116062 MCKAY EDWIN B 6.750 .250 6.500 .0400 6.460 11/01/2023
600116063 GREEN DAVID C 7.000 .250 6.750 .0400 6.710 12/01/2023
600116064 KIM DAFNA 7.375 .250 7.125 .0400 7.085 03/01/2024
600116066 SALCE PAUL 7.000 .250 6.750 .0400 6.710 07/01/2019
600116067 NEUKRANZ RICHARD K 7.000 .250 6.750 .0400 6.710 01/01/2024
600116068 WILLIAMS RUTH D 7.125 .250 6.875 .0400 6.835 04/01/2024
600116069 WOODS KEVIN J 7.950 .250 7.700 .0400 7.660 08/01/2023
600116070 SALAZAR DONALD M 8.400 .250 8.150 .0400 8.110 04/01/2022
600116071 FREW DOUGLAS B 6.875 .250 6.625 .0400 6.585 10/01/2022
600116072 COSTLEY JAMIE S 7.000 .250 6.750 .0400 6.710 04/01/2023
600116073 OTTO RICHARD 7.750 .250 7.500 .0400 7.460 04/01/2023
600116074 SMITH MARK R 7.000 .250 6.750 .0400 6.710 07/01/2023
600116075 HODGES THOMAS H 7.625 .250 7.375 .0400 7.335 05/01/2023
600116076 GAGE GARY 7.375 .250 7.125 .0400 7.085 06/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116062 MCKAY EDWIN B 0677302 $1,667.55 02/01/1998 360
600116063 GREEN DAVID C 0678052 $1,936.04 02/01/1998 360
600116064 KIM DAFNA 0678813 $1,191.38 02/01/1998 360
600116066 SALCE PAUL 0694406 $3,540.07 02/01/1998 315
600116067 NEUKRANZ RICHARD K 0699702 $1,563.47 02/01/1998 360
600116068 WILLIAMS RUTH D 0726190 $3,126.06 02/01/1998 360
600116069 WOODS KEVIN J 0746669 $1,999.15 02/01/1998 360
600116070 SALAZAR DONALD M 0756049 $1,706.52 02/01/1998 360
600116071 FREW DOUGLAS B 0761403 $1,956.69 02/01/1998 360
600116072 COSTLEY JAMIE S 0782193 $2,694.48 02/01/1998 360
600116073 OTTO RICHARD 0783126 $1,611.93 02/01/1998 360
600116074 SMITH MARK R 0783498 $1,996.27 02/01/1998 360
600116075 HODGES THOMAS H 0784025 $2,873.65 02/01/1998 360
600116076 GAGE GARY 0785006 $1,899.36 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116062 MCKAY EDWIN B .00 .00 .00 .000 .250 .290 $601,000.00 N
600116063 GREEN DAVID C .00 .00 .00 .000 .250 .290 $585,000.00 N
600116064 KIM DAFNA .00 .00 .00 .000 .250 .290 $524,000.00 N
600116066 SALCE PAUL .00 .00 .00 .000 .250 .290 $537,000.00 N
600116067 NEUKRANZ RICHARD K .00 .00 .00 .000 .250 .290 $298,000.00 N
600116068 WILLIAMS RUTH D .00 .00 .00 .000 .250 .290 $580,000.00 N
600116069 WOODS KEVIN J .00 .00 .00 .000 .250 .290 $377,000.00 N
600116070 SALAZAR DONALD M .00 .00 .00 .000 .250 .290 $280,000.00 N
600116071 FREW DOUGLAS B .00 .00 .00 .000 .250 .290 $385,000.00 N
600116072 COSTLEY JAMIE S .00 .00 .00 .000 .250 .290 $510,000.00 N
600116073 OTTO RICHARD .00 .00 .00 .000 .250 .290 $282,000.00 N
600116074 SMITH MARK R .00 .00 .00 .000 .250 .290 $392,000.00 N
600116075 HODGES THOMAS H .00 .00 .00 .000 .250 .290 $985,000.00 N
600116076 GAGE GARY .00 .00 .00 .000 .250 .290 $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 21
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116077 RAMEY IRVING 1834 PHEASANT COURT FLOSSMOOR IL 60422 $207,538.88
600116078 PALLASCH B M 737 HUTCHINSON ST. CHICAGO IL 60613 $493,508.38
600116079 HINDERAKER JAMES W 936 LAKEWOOD DRIVE BARRINGTON IL 60010 $345,774.06
600116080 CULVER BENSON R 460 CEDAR STREET WINNETKA IL 60093 $285,455.44
600116081 FRANK CHRISTINE 1475C INDIANA CHICAGO IL 60605 $275,045.75
600116082 BRENTON-KNAUER JANE 375 OAKDALE AVENUE LAKE FOREST IL 60045 $334,507.74
600116083 LINDEMAN THOMAS F 46102 ROYAL AVENUE GRAND BEACH MI 49117 $252,480.56
600116084 LACY WILLIAM S 2527 MARCY EVANSTON IL 60201 $216,212.22
600116086 MONTY W W 423 4TH ST HINSDALE IL 60521 $371,083.26
600116087 RAPHAELSON JOEL 20 CEDAR STREET CHICAGO IL 60611 $318,653.51
600116088 GREENSPAHN DAVID H 1964 ORCHARD CHICAGO IL 60614 $393,772.46
600116089 COQUILLETTE KENNETH W 1045 HUBBARD PLACE WINNETKA IL 60093 $476,264.34
600116090 SAWHNEY TIA G 9222 RIDGEWAY AVENUE EVANSTON IL 60203 $277,506.63
600116091 BEHR JOHN J 914 KENILWORTH OAK PARK IL 60302 $304,377.65
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116077 RAMEY IRVING 7.850 .250 7.600 .0400 7.560 07/01/2023
600116078 PALLASCH B M 6.875 .250 6.625 .0400 6.585 07/01/2023
600116079 HINDERAKER JAMES W 7.200 .250 6.950 .0400 6.910 08/01/2023
600116080 CULVER BENSON R 6.875 .250 6.625 .0400 6.585 12/01/2023
600116081 FRANK CHRISTINE 7.375 .250 7.125 .0400 7.085 03/01/2024
600116082 BRENTON-KNAUER JANE 7.125 .250 6.875 .0400 6.835 02/01/2024
600116083 LINDEMAN THOMAS F 7.750 .250 7.500 .0400 7.460 03/01/2024
600116084 LACY WILLIAM S 7.500 .250 7.250 .0400 7.210 07/01/2024
600116086 MONTY W W 7.600 .250 7.350 .0400 7.310 08/01/2023
600116087 RAPHAELSON JOEL 7.650 .250 7.400 .0400 7.360 06/01/2023
600116088 GREENSPAHN DAVID H 7.375 .250 7.125 .0400 7.085 03/01/2023
600116089 COQUILLETTE KENNETH W 7.625 .250 7.375 .0400 7.335 07/01/2023
600116090 SAWHNEY TIA G 7.250 .250 7.000 .0400 6.960 08/01/2023
600116091 BEHR JOHN J 7.750 .250 7.500 .0400 7.460 07/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116077 RAMEY IRVING 0785865 $1,573.26 02/01/1998 360
600116078 PALLASCH B M 0785956 $3,427.56 02/01/1998 360
600116079 HINDERAKER JAMES W 0786624 $2,470.79 02/01/1998 360
600116080 CULVER BENSON R 0790790 $1,970.79 02/01/1998 360
600116081 FRANK CHRISTINE 0792093 $1,981.55 02/01/1998 360
600116082 BRENTON-KNAUER JANE 0793281 $2,358.02 02/01/1998 360
600116083 LINDEMAN THOMAS F 0794149 $1,884.17 02/01/1998 360
600116084 LACY WILLIAM S 0795724 $2,097.65 02/01/1998 360
600116086 MONTY W W 0816421 $2,753.70 02/01/1998 360
600116087 RAPHAELSON JOEL 0816447 $2,376.88 02/01/1998 360
600116088 GREENSPAHN DAVID H 0818153 $2,956.29 02/01/1998 360
600116089 COQUILLETTE KENNETH W 0818666 $3,538.97 02/01/1998 360
600116090 SAWHNEY TIA G 0819086 $1,991.96 02/01/1998 360
600116091 BEHR JOHN J 0819102 $2,286.79 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116077 RAMEY IRVING .00 .00 .00 .000 .250 .290 $296,000.00 N
600116078 PALLASCH B M .00 .00 .00 .000 .250 .290 $658,000.00 N
600116079 HINDERAKER JAMES W .00 .00 .00 .000 .250 .290 $455,000.00 N
600116080 CULVER BENSON R .00 .00 .00 .000 .250 .290 $525,000.00 N
600116081 FRANK CHRISTINE .00 .00 .00 .000 .250 .290 $360,000.00 N
600116082 BRENTON-KNAUER JANE .00 .00 .00 .000 .250 .290 $450,000.00 N
600116083 LINDEMAN THOMAS F .00 .00 .00 .000 .250 .290 $380,000.00 N
600116084 LACY WILLIAM S .00 .00 .00 .000 .250 .290 $547,000.00 N
600116086 MONTY W W .00 .00 .00 .000 .250 .290 $600,000.00 N
600116087 RAPHAELSON JOEL .00 .00 .00 .000 .250 .290 $750,000.00 N
600116088 GREENSPAHN DAVID H .00 .00 .00 .000 .250 .290 $570,000.00 N
600116089 COQUILLETTE KENNETH W .00 .00 .00 .000 .250 .290 $910,000.00 N
600116090 SAWHNEY TIA G .00 .00 .00 .000 .250 .290 $365,000.00 N
600116091 BEHR JOHN J .00 .00 .00 .000 .250 .290 $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 22
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116092 HOLL THOMAS E 3125 KENMORE CHICAGO IL 60657 $307,053.76
600116093 SHANLEY MARK T 214 NINTH STREET WILMETTE IL 60091 $361,146.64
600116094 COLBY DONALD H 272 TRAILWOOD LANE NORTHBROOK IL 60062 $214,230.49
600116095 ALPORT HOWARD J 929 SPRING LANE LAKE FOREST IL 60045 $619,167.42
600116097 WEINSTEIN RONALD L 1726 SUNNYSIDE CIRC NORTHBROOK IL 60062 $207,063.05
600116098 BUEHLER VAN A 24877 NICKLAUS WAY ANTIOCH IL 60002 $249,276.80
600116099 HEITZINGER BRUCE C 1467 BERKLEY CT DEERFIELD IL 60015 $248,501.94
600116100 DSIDA RICHARD M 552 ELM STREET WINNETKA IL 60093 $499,786.30
600116101 RIESBECK CHRISTOPH 2917 CRABTREE LANE WILMETTE IL 60091 $265,799.73
600116102 BABB PATRICIA 349 RIDGE RD KENILWORTH IL 60043 $286,063.76
600116103 COSTA PETRONILO 2265 WHITE OAK DRIVE NORTHBROOK IL 60062 $294,364.62
600116104 LEWIS ROBERT T 717 ROSEWOOD WINNETKA IL 60093 $346,613.94
600116105 KUDRNA JAMES C 910 LAKEWOOD DRIVE LAKE FOREST IL 60045 $541,708.44
600116106 BEATTY III JOHN T 2019 LINCOLN STREET EVANSTON IL 60202 $252,113.60
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116092 HOLL THOMAS E 7.450 .250 7.200 .0400 7.160 07/01/2010
600116093 SHANLEY MARK T 7.375 .250 7.125 .0400 7.085 07/01/2023
600116094 COLBY DONALD H 7.750 .250 7.500 .0400 7.460 06/01/2023
600116095 ALPORT HOWARD J 7.750 .250 7.500 .0400 7.460 06/01/2023
600116097 WEINSTEIN RONALD L 7.625 .250 7.375 .0400 7.335 07/01/2023
600116098 BUEHLER VAN A 7.125 .250 6.875 .0400 6.835 11/01/2023
600116099 HEITZINGER BRUCE C 7.625 .250 7.375 .0400 7.335 07/01/2023
600116100 DSIDA RICHARD M 7.625 .250 7.375 .0400 7.335 07/01/2023
600116101 RIESBECK CHRISTOPH 7.250 .250 7.000 .0400 6.960 07/01/2023
600116102 BABB PATRICIA 7.625 .250 7.375 .0400 7.335 08/01/2023
600116103 COSTA PETRONILO 7.250 .250 7.000 .0400 6.960 08/01/2023
600116104 LEWIS ROBERT T 7.625 .250 7.375 .0400 7.335 08/01/2023
600116105 KUDRNA JAMES C 7.250 .250 7.000 .0400 6.960 08/01/2023
600116106 BEATTY III JOHN T 7.250 .250 7.000 .0400 6.960 01/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116092 HOLL THOMAS E 0819284 $3,164.76 02/01/1998 205
600116093 SHANLEY MARK T 0819391 $2,624.57 02/01/1998 360
600116094 COLBY DONALD H 0819854 $1,611.93 02/01/1998 360
600116095 ALPORT HOWARD J 0820167 $4,656.68 02/01/1998 360
600116097 WEINSTEIN RONALD L 0820340 $1,911.05 02/01/1998 360
600116098 BUEHLER VAN A 0820407 $1,763.13 02/01/1998 360
600116099 HEITZINGER BRUCE C 0820449 $1,847.35 02/01/1998 360
600116100 DSIDA RICHARD M 0820506 $3,857.48 02/01/1998 360
600116101 RIESBECK CHRISTOPH 0820514 $1,910.10 02/01/1998 360
600116102 BABB PATRICIA 0820571 $2,123.39 02/01/1998 360
600116103 COSTA PETRONILO 0820605 $2,114.75 02/01/1998 360
600116104 LEWIS ROBERT T 0820746 $2,572.84 02/01/1998 360
600116105 KUDRNA JAMES C 0820860 $3,888.41 02/01/1998 360
600116106 BEATTY III JOHN T 0820878 $1,841.88 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116092 HOLL THOMAS E .00 .00 .00 .000 .250 .290 $460,000.00 N
600116093 SHANLEY MARK T .00 .00 .00 .000 .250 .290 $475,000.00 N
600116094 COLBY DONALD H .00 .00 .00 .000 .250 .290 $330,000.00 N
600116095 ALPORT HOWARD J .00 .00 .00 .000 .250 .290 $885,000.00 N
600116097 WEINSTEIN RONALD L .00 .00 .00 .000 .250 .290 $370,000.00 N
600116098 BUEHLER VAN A .00 .00 .00 .000 .250 .290 $328,000.00 N
600116099 HEITZINGER BRUCE C .00 .00 .00 .000 .250 .290 $330,000.00 N
600116100 DSIDA RICHARD M .00 .00 .00 .000 .250 .290 $685,000.00 N
600116101 RIESBECK CHRISTOPH .00 .00 .00 .000 .250 .290 $412,000.00 N
600116102 BABB PATRICIA .00 .00 .00 .000 .250 .290 $380,000.00 N
600116103 COSTA PETRONILO .00 .00 .00 .000 .250 .290 $425,000.00 N
600116104 LEWIS ROBERT T .00 .00 .00 .000 .250 .290 $750,000.00 N
600116105 KUDRNA JAMES C .00 .00 .00 .000 .250 .290 $1,000,000.00 N
600116106 BEATTY III JOHN T .00 .00 .00 .000 .250 .290 $360,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 23
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116107 FREUND CHARLES J 300 LOCUST ROAD WINNETKA IL 60093 $594,666.57
600116108 BLONSKY ADAM R 1468 SUNNYSIDE HIGHLAND PARK IL 60035 $235,647.18
600116109 HEISLER DAVID M 716 GREENWOOD AVE GLENCOE IL 60022 $294,870.68
600116110 BURKE KEVIN J 637 GARLAND WINNETKA IL 60093 $412,924.51
600116111 BURNS THOMAS S 1745 HENLEY ST. GLENVIEW IL 60025 $207,872.81
600116112 MC MAHON JOHN P 106 HEWES DRIVE NORTH BARRINGTO IL 60010 $332,004.10
600116113 BERGELSON BRUCE A 216 GOLF TERRACE WILMETTE IL 60091 $249,554.62
600116114 KURTENBACH DOUGLAS J 1041 JACKSON AVENUE RIVER FOREST IL 60305 $385,773.84
600116115 SMITH BRADLEY C 2760 WESTERN AVENUE HIGHLAND PARK IL 60035 $243,751.71
600116116 MCCULLOCH KEVIN K 615 GREGORY ST. WILMETTE IL 60091 $214,548.01
600116117 PORTER JUDSON L 970 SUNSET ROAD WINNETKA IL 60093 $329,160.97
600116118 MAGIERA STANLEY E 1101 CAYUGA DRIVE NORTHBROOK IL 60062 $265,822.29
600116119 COOK ROBERT L 1184 TOWER ROAD WINNETKA IL 60093 $351,679.79
600116120 RASMUSSEN RICHARD J 1025 STARR ROAD WINNETKA IL 60093 $284,751.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116107 FREUND CHARLES J 7.500 .250 7.250 .0400 7.210 07/01/2023
600116108 BLONSKY ADAM R 7.625 .250 7.375 .0400 7.335 07/01/2023
600116109 HEISLER DAVID M 7.625 .250 7.375 .0400 7.335 07/01/2023
600116110 BURKE KEVIN J 7.250 .250 7.000 .0400 6.960 09/01/2023
600116111 BURNS THOMAS S 7.625 .250 7.375 .0400 7.335 08/01/2023
600116112 MC MAHON JOHN P 7.375 .250 7.125 .0400 7.085 09/01/2023
600116113 BERGELSON BRUCE A 7.375 .250 7.125 .0400 7.085 09/01/2023
600116114 KURTENBACH DOUGLAS J 7.625 .250 7.375 .0400 7.335 07/01/2023
600116115 SMITH BRADLEY C 7.625 .250 7.375 .0400 7.335 07/01/2023
600116116 MCCULLOCH KEVIN K 7.625 .250 7.375 .0400 7.335 08/01/2023
600116117 PORTER JUDSON L 7.625 .250 7.375 .0400 7.335 08/01/2023
600116118 MAGIERA STANLEY E 7.500 .250 7.250 .0400 7.210 08/01/2023
600116119 COOK ROBERT L 7.625 .250 7.375 .0400 7.335 08/01/2023
600116120 RASMUSSEN RICHARD J 7.125 .250 6.875 .0400 6.835 08/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116107 FREUND CHARLES J 0820894 $4,370.10 02/01/1998 360
600116108 BLONSKY ADAM R 0820936 $1,755.33 02/01/1998 360
600116109 HEISLER DAVID M 0820969 $2,194.17 02/01/1998 360
600116110 BURKE KEVIN J 0820985 $2,960.65 02/01/1998 360
600116111 BURNS THOMAS S 0821025 $1,543.00 02/01/1998 360
600116112 MC MAHON JOHN P 0821108 $2,514.06 02/01/1998 360
600116113 BERGELSON BRUCE A 0821132 $1,809.57 02/01/1998 360
600116114 KURTENBACH DOUGLAS J 0821165 $2,866.57 02/01/1998 360
600116115 SMITH BRADLEY C 0821199 $1,811.25 02/01/1998 360
600116116 MCCULLOCH KEVIN K 0821298 $1,592.54 02/01/1998 360
600116117 PORTER JUDSON L 0821306 $2,463.13 02/01/1998 360
600116118 MAGIERA STANLEY E 0821389 $2,062.69 02/01/1998 360
600116119 COOK ROBERT L 0821413 $2,611.76 02/01/1998 360
600116120 RASMUSSEN RICHARD J 0821488 $2,358.02 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116107 FREUND CHARLES J .00 .00 .00 .000 .250 .290 $930,000.00 N
600116108 BLONSKY ADAM R .00 .00 .00 .000 .250 .290 $335,000.00 N
600116109 HEISLER DAVID M .00 .00 .00 .000 .250 .290 $515,000.00 N
600116110 BURKE KEVIN J .00 .00 .00 .000 .250 .290 $542,500.00 N
600116111 BURNS THOMAS S .00 .00 .00 .000 .250 .290 $275,000.00 N
600116112 MC MAHON JOHN P .00 .00 .00 .000 .250 .290 $455,000.00 N
600116113 BERGELSON BRUCE A .00 .00 .00 .000 .250 .290 $328,000.00 N
600116114 KURTENBACH DOUGLAS J .00 .00 .00 .000 .250 .290 $510,000.00 N
600116115 SMITH BRADLEY C .00 .00 .00 .000 .250 .290 $340,000.00 N
600116116 MCCULLOCH KEVIN K .00 .00 .00 .000 .250 .290 $400,000.00 N
600116117 PORTER JUDSON L .00 .00 .00 .000 .250 .290 $1,000,000.00 N
600116118 MAGIERA STANLEY E .00 .00 .00 .000 .250 .290 $405,000.00 N
600116119 COOK ROBERT L .00 .00 .00 .000 .250 .290 $530,000.00 N
600116120 RASMUSSEN RICHARD J .00 .00 .00 .000 .250 .290 $530,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 24
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116121 REED PHILLIP S 1500 GORDON TERRACE DEERFIELD IL 60015 $238,386.55
600116123 LLOYD DAVID H 1282 SHERIDAN RD. LAKE FOREST IL 60045 $469,427.35
600116124 PETERSON E S 706 TANGLEWOOD LAKE FOREST IL 60045 $457,202.38
600116125 FRANKEL DANIEL 4601 GREENWOOD SKOKIE IL 60076 $213,122.18
600116126 GRABOYS KENNETH R 548 WOODLAWN GLENCOE IL 60022 $228,345.13
600116127 BYRDSONG RICKY A 9449 RIDGEWAY EVANSTON IL 60203 $259,081.80
600116128 WILSON FREDERICK 1538 WASHINGTON WILMETTE IL 60091 $216,301.79
600116129 O'HALLORAN THOMAS V 320 OXFORD RD KENILWORTH IL 60043 $345,889.90
600116130 MCNAIR JAMES A 1226 ASHLAND AVE WILMETTE IL 60091 $367,330.68
600116131 MCKINLAY MARK F 2125 WASHINGTON WILMETTE IL 60091 $220,846.54
600116132 JASPER PAUL T 799 ILLINOIS ROAD LAKE FOREST IL 60045 $359,504.73
600116133 LEVENSTAM BARRY 848 TOWER ROAD WINNETKA IL 60093 $588,689.31
600116134 FARNEY, JR. JOHN F 3021 THAYER STREET EVANSTON IL 60201 $243,101.40
600116135 MCDOWELL III HERBERT O 1134 GREENWOOD AVE WILMETTE IL 60091 $310,326.23
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116121 REED PHILLIP S 7.625 .250 7.375 .0400 7.335 08/01/2023
600116123 LLOYD DAVID H 6.875 .250 6.625 .0400 6.585 09/01/2023
600116124 PETERSON E S 7.500 .250 7.250 .0400 7.210 08/01/2023
600116125 FRANKEL DANIEL 7.250 .250 7.000 .0400 6.960 09/01/2023
600116126 GRABOYS KENNETH R 7.250 .250 7.000 .0400 6.960 09/01/2023
600116127 BYRDSONG RICKY A 7.250 .250 7.000 .0400 6.960 10/01/2023
600116128 WILSON FREDERICK 7.125 .250 6.875 .0400 6.835 09/01/2023
600116129 O'HALLORAN THOMAS V 7.250 .250 7.000 .0400 6.960 09/01/2023
600116130 MCNAIR JAMES A 7.000 .250 6.750 .0400 6.710 10/01/2023
600116131 MCKINLAY MARK F 7.375 .250 7.125 .0400 7.085 09/01/2023
600116132 JASPER PAUL T 7.375 .250 7.125 .0400 7.085 11/01/2023
600116133 LEVENSTAM BARRY 7.000 .250 6.750 .0400 6.710 12/01/2023
600116134 FARNEY, JR. JOHN F 7.350 .250 7.100 .0400 7.060 10/01/2023
600116135 MCDOWELL III HERBERT O 7.000 .250 6.750 .0400 6.710 10/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116121 REED PHILLIP S 0821546 $1,769.49 02/01/1998 360
600116123 LLOYD DAVID H 0821793 $3,350.67 02/01/1998 360
600116124 PETERSON E S 0821827 $3,356.24 02/01/1998 360
600116125 FRANKEL DANIEL 0821843 $1,528.08 02/01/1998 360
600116126 GRABOYS KENNETH R 0821926 $1,637.23 02/01/1998 360
600116127 BYRDSONG RICKY A 0822031 $1,855.52 02/01/1998 360
600116128 WILSON FREDERICK 0822254 $1,533.39 02/01/1998 360
600116129 O'HALLORAN THOMAS V 0822262 $2,494.04 02/01/1998 360
600116130 MCNAIR JAMES A 0822569 $2,572.41 02/01/1998 360
600116131 MCKINLAY MARK F 0822635 $1,609.28 02/01/1998 360
600116132 JASPER PAUL T 0822858 $2,624.57 02/01/1998 360
600116133 LEVENSTAM BARRY 0823039 $4,111.57 02/01/1998 360
600116134 FARNEY, JR. JOHN F 0823211 $1,756.88 02/01/1998 360
600116135 MCDOWELL III HERBERT O 0823336 $2,541.46 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116121 REED PHILLIP S .00 .00 .00 .000 .250 .290 $345,000.00 N
600116123 LLOYD DAVID H .00 .00 .00 .000 .250 .290 $1,125,000.00 N
600116124 PETERSON E S .00 .00 .00 .000 .250 .290 $600,000.00 N
600116125 FRANKEL DANIEL .00 .00 .00 .000 .250 .290 $283,000.00 N
600116126 GRABOYS KENNETH R .00 .00 .00 .000 .250 .290 $300,000.00 N
600116127 BYRDSONG RICKY A .00 .00 .00 .000 .250 .290 $340,000.00 N
600116128 WILSON FREDERICK .00 .00 .00 .000 .250 .290 $284,500.00 N
600116129 O'HALLORAN THOMAS V .00 .00 .00 .000 .250 .290 $457,000.00 N
600116130 MCNAIR JAMES A .00 .00 .00 .000 .250 .290 $770,000.00 N
600116131 MCKINLAY MARK F .00 .00 .00 .000 .250 .290 $310,000.00 N
600116132 JASPER PAUL T .00 .00 .00 .000 .250 .290 $475,000.00 N
600116133 LEVENSTAM BARRY .00 .00 .00 .000 .250 .290 $775,000.00 N
600116134 FARNEY, JR. JOHN F .00 .00 .00 .000 .250 .290 $346,000.00 N
600116135 MCDOWELL III HERBERT O .00 .00 .00 .000 .250 .290 $600,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 25
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116136 DEKEL-TABAK EDDIE 706 LINDEN AVENUE WILMETTE IL 60091 $296,525.00
600116137 CLEGG MILTON C 1440 STATE PARKWAY CHICAGO IL 60610 $268,882.22
600116138 SMITH MARK S 704 MICHIGAN AVE EVANSTON IL 60202 $94,252.37
600116139 KIRSHENBAUM MICHAEL B 1360 TRAPP LANE WINNETKA IL 60093 $469,325.02
600116140 PORTER CHRISTOPH 1302 SUNVIEW WINNETKA IL 60093 $377,096.41
600116141 GANN PETER H 2253 SHERMAN AVENUE EVANSTON IL 60201 $342,568.57
600116142 MALZ RUDOLF E 1659 WHITE FENCE LN GREEN OAKS IL 60048 $210,110.94
600116143 TAUBENECK G G 1049 GREENWOOD AVE WILMETTE IL 60091 $230,083.25
600116144 ALTHOFF WILLIAM C 926 ASH ST WINNETKA IL 60093 $359,004.96
600116145 ROAN AMY L 7131 RIVERSIDE DRIVE NILES IL 60714 $218,792.95
600116146 GEWURZ HENRY 713 INGLESIDE PLACE EVANSTON IL 60201 $430,519.66
600116147 DENISON RICHARD D 606 ASH STREET WINNETKA IL 60093 $205,426.78
600116148 BERMAN JEFFERY S 1755 RIDGELEE RD HIGHLAND PARK IL 60035 $182,735.99
600116149 VORIS STEPHEN C 1212 CHERRY ST WINNETKA IL 60093 $312,079.14
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116136 DEKEL-TABAK EDDIE 6.875 .250 6.625 .0400 6.585 11/01/2023
600116137 CLEGG MILTON C 6.625 .250 6.375 .0400 6.335 11/01/2023
600116138 SMITH MARK S 7.000 .250 6.750 .0400 6.710 11/01/2023
600116139 KIRSHENBAUM MICHAEL B 7.000 .250 6.750 .0400 6.710 12/01/2023
600116140 PORTER CHRISTOPH 7.125 .250 6.875 .0400 6.835 01/01/2024
600116141 GANN PETER H 6.750 .250 6.500 .0400 6.460 01/01/2024
600116142 MALZ RUDOLF E 7.125 .250 6.875 .0400 6.835 12/01/2023
600116143 TAUBENECK G G 7.375 .250 7.125 .0400 7.085 03/01/2024
600116144 ALTHOFF WILLIAM C 7.125 .250 6.875 .0400 6.835 02/01/2024
600116145 ROAN AMY L 7.250 .250 7.000 .0400 6.960 03/01/2024
600116146 GEWURZ HENRY 7.250 .250 7.000 .0400 6.960 02/01/2024
600116147 DENISON RICHARD D 7.250 .250 7.000 .0400 6.960 02/01/2024
600116148 BERMAN JEFFERY S 7.250 .250 7.000 .0400 6.960 02/01/2024
600116149 VORIS STEPHEN C 7.250 .250 7.000 .0400 6.960 02/01/2024
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116136 DEKEL-TABAK EDDIE 0823385 $2,049.62 02/01/1998 360
600116137 CLEGG MILTON C 0823500 $1,818.49 02/01/1998 360
600116138 SMITH MARK S 0824151 $659.05 02/01/1998 360
600116139 KIRSHENBAUM MICHAEL B 0824326 $3,295.25 02/01/1998 360
600116140 PORTER CHRISTOPH 0824425 $2,661.19 02/01/1998 360
600116141 GANN PETER H 0824458 $2,334.96 02/01/1998 360
600116142 MALZ RUDOLF E 0824490 $1,509.13 02/01/1998 360
600116143 TAUBENECK G G 0824599 $1,657.63 02/01/1998 360
600116144 ALTHOFF WILLIAM C 0824953 $2,546.66 02/01/1998 360
600116145 ROAN AMY L 0825141 $1,562.19 02/01/1998 360
600116146 GEWURZ HENRY 0825216 $3,069.80 02/01/1998 360
600116147 DENISON RICHARD D 0825265 $1,466.68 02/01/1998 360
600116148 BERMAN JEFFERY S 0825299 $1,476.92 02/01/1998 360
600116149 VORIS STEPHEN C 0825307 $2,225.26 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116136 DEKEL-TABAK EDDIE .00 .00 .00 .000 .250 .290 $395,000.00 N
600116137 CLEGG MILTON C .00 .00 .00 .000 .250 .290 $390,000.00 N
600116138 SMITH MARK S .00 .00 .00 .000 .250 .290 $445,000.00 N
600116139 KIRSHENBAUM MICHAEL B .00 .00 .00 .000 .250 .290 $870,000.00 N
600116140 PORTER CHRISTOPH .00 .00 .00 .000 .250 .290 $520,000.00 N
600116141 GANN PETER H .00 .00 .00 .000 .250 .290 $450,000.00 N
600116142 MALZ RUDOLF E .00 .00 .00 .000 .250 .290 $281,000.00 N
600116143 TAUBENECK G G .00 .00 .00 .000 .250 .290 $590,000.00 N
600116144 ALTHOFF WILLIAM C .00 .00 .00 .000 .250 .290 $610,000.00 N
600116145 ROAN AMY L .00 .00 .00 .000 .250 .290 $295,000.00 N
600116146 GEWURZ HENRY .00 .00 .00 .000 .250 .290 $600,000.00 N
600116147 DENISON RICHARD D .00 .00 .00 .000 .250 .290 $600,000.00 N
600116148 BERMAN JEFFERY S .00 .00 .00 .000 .250 .290 $350,000.00 N
600116149 VORIS STEPHEN C .00 .00 .00 .000 .250 .290 $485,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 26
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116150 GELLMAN AARON J 1232 WESTMOOR ROAD WINNETKA IL 60093 $287,299.98
600116151 MAYER RICHARD A 555 PARK DRIVE KENILWORTH IL 60043 $287,907.04
600116152 TANAKA ROBERT M 2419 INDIAN RIDGE DR GLENVIEW IL 60025 $335,343.57
600116153 WALLERSTEIN MICHAEL 205 SIXTH STREET WILMETTE IL 60091 $228,154.68
600116154 STANTON ROBERT L 9514 LAWNDALE AVE EVANSTON IL 60203 $208,503.43
600116155 LEMEIN GREGG D 618 BRIER ST KENILWORTH IL 60043 $398,644.07
600116156 SIMCHI-LEVI DAVID 2207 WALTERS AVENUE NORTHBROOK IL 60062 $206,837.46
600116157 KINDER RONALD L 1899 HILLTOP LN BANNOCKBURN IL 60015 $530,371.99
600116158 PUTTERMAN ALLEN M 161 CHICAGO AVE E U CHICAGO IL 60611 $119,654.31
600116159 PIELET BRUCE 1980 BERTRAM HIGHLAND PK IL 60035 $366,729.91
600116160 PIELET ALLEN M 15 W69690TH ST BURR RIDGE IL 60521 $216,918.73
600116161 DELASANDRO TONY 80 GALIC INVERNESS IL 60010 $180,350.81
600116163 COATES THOMAS 919 WOLFRAM CHICAGO IL 60657 $240,637.49
600116164 KUGLER EDWARD 1650 CLOVERDALE HIGHLAND PARK IL 60035 $485,294.31
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116150 GELLMAN AARON J 7.375 .250 7.125 .0400 7.085 02/01/2024
600116151 MAYER RICHARD A 7.375 .250 7.125 .0400 7.085 04/01/2024
600116152 TANAKA ROBERT M 7.375 .250 7.125 .0400 7.085 02/01/2024
600116153 WALLERSTEIN MICHAEL 7.375 .250 7.125 .0400 7.085 07/01/2024
600116154 STANTON ROBERT L 7.500 .250 7.250 .0400 7.210 04/01/2024
600116155 LEMEIN GREGG D 7.500 .250 7.250 .0400 7.210 04/01/2024
600116156 SIMCHI-LEVI DAVID 7.750 .250 7.500 .0400 7.460 09/01/2009
600116157 KINDER RONALD L 9.850 .250 9.600 .0400 9.560 04/01/2025
600116158 PUTTERMAN ALLEN M 6.750 .250 6.500 .0400 6.460 09/01/2007
600116159 PIELET BRUCE 7.000 .250 6.750 .0400 6.710 10/01/2013
600116160 PIELET ALLEN M 7.500 .250 7.250 .0400 7.210 11/01/2019
600116161 DELASANDRO TONY 7.250 .250 7.000 .0400 6.960 12/01/2009
600116163 COATES THOMAS 10.500 .250 10.250 .0400 10.210 10/01/2019
600116164 KUGLER EDWARD 7.100 .250 6.850 .0400 6.810 04/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116150 GELLMAN AARON J 0825372 $2,072.03 02/01/1998 360
600116151 MAYER RICHARD A 0825463 $2,072.03 02/01/1998 360
600116152 TANAKA ROBERT M 0825471 $2,576.22 02/01/1998 360
600116153 WALLERSTEIN MICHAEL 0825927 $1,636.91 02/01/1998 360
600116154 STANTON ROBERT L 0825992 $1,580.23 02/01/1998 360
600116155 LEMEIN GREGG D 0826008 $2,901.75 02/01/1998 360
600116156 SIMCHI-LEVI DAVID 0826693 $2,259.07 02/01/1998 180
600116157 KINDER RONALD L 0827733 $4,679.15 02/01/1998 360
600116158 PUTTERMAN ALLEN M 0862094 $2,082.54 02/01/1998 240
600116159 PIELET BRUCE 0862243 $3,217.16 02/01/1998 300
600116160 PIELET ALLEN M 0862623 $2,110.79 02/01/1998 360
600116161 DELASANDRO TONY 0862714 $1,895.46 02/01/1998 240
600116163 COATES THOMAS 0863571 $2,469.80 02/01/1998 360
600116164 KUGLER EDWARD 0866871 $3,452.66 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116150 GELLMAN AARON J .00 .00 .00 .000 .250 .290 $525,000.00 N
600116151 MAYER RICHARD A .00 .00 .00 .000 .250 .290 $395,000.00 N
600116152 TANAKA ROBERT M .00 .00 .00 .000 .250 .290 $490,000.00 N
600116153 WALLERSTEIN MICHAEL .00 .00 .00 .000 .250 .290 $400,000.00 N
600116154 STANTON ROBERT L .00 .00 .00 .000 .250 .290 $325,000.00 N
600116155 LEMEIN GREGG D .00 .00 .00 .000 .250 .290 $600,000.00 N
600116156 SIMCHI-LEVI DAVID .00 .00 .00 .000 .250 .290 $320,000.00 N
600116157 KINDER RONALD L .00 .00 .00 .000 .250 .290 $990,000.00 N
600116158 PUTTERMAN ALLEN M .00 .00 .00 .000 .250 .290 $450,000.00 N
600116159 PIELET BRUCE .00 .00 .00 .000 .250 .290 $608,000.00 N
600116160 PIELET ALLEN M .00 .00 .00 .000 .250 .290 $820,000.00 N
600116161 DELASANDRO TONY .00 .00 .00 .000 .250 .290 $700,000.00 N
600116163 COATES THOMAS .00 .00 .00 .000 .250 .290 $387,000.00 N
600116164 KUGLER EDWARD .00 .00 .00 .000 .250 .290 $730,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 27
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116165 ABRAMSON-ROSEN LAUREN 8460 HARMS ROAD SKOKIE IL 60077 $207,841.30
600116166 WACHS CHARLES L 3376 OLD MCHENRY RD LONG GROVE IL 60047 $240,879.35
600116167 FEDERMAN RICHARD J 41W591 GOLDEN OAKS LN ST CHARLES IL 60175 $64,610.55
600116168 WALL JACK C 1054 LINDEN AVE WILMETTE IL 60091 $247,037.79
600116169 JUNGHEIM/NICAS LOUIS N 8218 MEADOWBROOK DR INDIANAPOLIS IN 46240 $260,547.68
600116170 PORTER STEPHEN E 4928 DEER RIDGE DRIV CARMEL IN 46032 $278,207.74
600116171 GRAND ROBERT T 730 WILLIAMS COVE D INDIANAPOLIS IN 46260 $334,995.39
600116172 OLIVER RANDALL L 5601 OLD FARM RD EVANSVILLE IN 47712 $307,996.22
600116173 TARASKA STANLEY P 10346 WILMINGTON DR. EVANSVILLE IN 47711 $285,751.85
600116174 KENNEDY RAYMOND F 348 CRANBROOK COURT BLOOMFIELD HILL MI 48013 $363,978.42
600116175 NEHR FRANK G 3885 LAKEFRONT ST WATERFORD TWP MI 48054 $229,506.74
600116176 JAAFAR ABRAHAM 37396 KINGSBURN CT LIVONIA MI 48154 $238,095.56
600116177 FISHER III JOHN W 2 WEATHERVANE LN WILTON CT 6897 $544,057.00
600116178 ZAHUL GEORGE 2390 UPLONG WEST BLOOMFIELD MI 48324 $297,421.66
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116165 ABRAMSON-ROSEN LAUREN 7.100 .250 6.850 .0400 6.810 11/01/2023
600116166 WACHS CHARLES L 7.500 .250 7.250 .0400 7.210 06/01/2024
600116167 FEDERMAN RICHARD J 8.000 .250 7.750 .0400 7.710 12/01/2022
600116168 WALL JACK C 8.850 .250 8.600 .0400 8.560 07/01/2026
600116169 JUNGHEIM/NICAS LOUIS N 7.875 .250 7.625 .0400 7.585 06/01/2021
600116170 PORTER STEPHEN E 8.500 .250 8.250 .0400 8.210 08/01/2021
600116171 GRAND ROBERT T 7.875 .250 7.625 .0400 7.585 01/01/2023
600116172 OLIVER RANDALL L 8.000 .250 7.750 .0400 7.710 11/01/2022
600116173 TARASKA STANLEY P 8.400 .250 8.150 .0400 8.110 04/01/2023
600116174 KENNEDY RAYMOND F 9.125 .250 8.875 .0400 8.835 01/01/2019
600116175 NEHR FRANK G 7.625 .250 7.375 .0400 7.335 01/01/2019
600116176 JAAFAR ABRAHAM 8.675 .250 8.425 .0400 8.385 01/01/2027
600116177 FISHER III JOHN W 8.850 .250 8.600 .0400 8.560 08/01/2026
600116178 ZAHUL GEORGE 9.025 .250 8.775 .0400 8.735 11/01/2026
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116165 ABRAMSON-ROSEN LAUREN 0867358 $1,465.03 02/01/1998 360
600116166 WACHS CHARLES L 0868612 $1,748.04 02/01/1998 360
600116167 FEDERMAN RICHARD J 0890764 $2,412.22 02/01/1998 360
600116168 WALL JACK C 0905232 $1,984.64 02/01/1998 360
600116169 JUNGHEIM/NICAS LOUIS N 1193333 $2,158.25 02/01/1998 360
600116170 PORTER STEPHEN E 1204528 $2,282.50 02/01/1998 360
600116171 GRAND ROBERT T 1270354 $3,783.64 02/01/1998 360
600116172 OLIVER RANDALL L 1284843 $2,384.73 02/01/1998 360
600116173 TARASKA STANLEY P 1514918 $2,285.52 02/01/1998 360
600116174 KENNEDY RAYMOND F 3120284 $3,253.72 02/01/1998 360
600116175 NEHR FRANK G 3120326 $1,980.29 02/01/1998 360
600116176 JAAFAR ABRAHAM 3465317 $1,875.25 02/01/1998 360
600116177 FISHER III JOHN W 3556453 $4,366.20 02/01/1998 360
600116178 ZAHUL GEORGE 3775038 $2,419.27 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116165 ABRAMSON-ROSEN LAUREN .00 .00 .00 .000 .250 .290 $415,000.00 N
600116166 WACHS CHARLES L .00 .00 .00 .000 .250 .290 $500,000.00 N
600116167 FEDERMAN RICHARD J .00 .00 .00 .000 .250 .290 $431,000.00 N
600116168 WALL JACK C .00 .00 .00 .000 .250 .290 $410,000.00 N
600116169 JUNGHEIM/NICAS LOUIS N .00 .00 .00 .000 .250 .290 $370,000.00 N
600116170 PORTER STEPHEN E .00 .00 .00 .000 .250 .290 $376,000.00 N
600116171 GRAND ROBERT T .00 .00 .00 .000 .250 .290 $510,000.00 N
600116172 OLIVER RANDALL L .00 .00 .00 .000 .250 .290 $412,500.00 N
600116173 TARASKA STANLEY P .00 .00 .00 .000 .250 .290 $430,000.00 N
600116174 KENNEDY RAYMOND F .00 .00 .00 .000 .250 .290 $950,000.00 N
600116175 NEHR FRANK G .00 .00 .00 .000 .250 .290 $350,000.00 N
600116176 JAAFAR ABRAHAM .00 .00 .00 .000 .250 .290 $302,000.00 N
600116177 FISHER III JOHN W .00 .00 .00 .000 .250 .290 $715,000.00 N
600116178 ZAHUL GEORGE .00 .00 .00 .000 .250 .290 $375,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 28
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600116180 TAYLOR JAMES W 425 OAK STREET WHEATON IL 60187 $146,326.07
600116181 CRISTOL JOEL L 275 OTIS RD BARRINGTON HILL IL 60010 $435,089.17
600116182 RIESENBERGER JOHN R 7389 OAK SHORE DR. PORTAGE MI 49081 $210,583.84
600116183 HELAS OLGA 8935 BRONX AVENUE SKOKIE IL 60077 $228,838.79
600116184 LENCZOWSKI MARK 835 DIVERSEY 8 CHICAGO IL 60614 $225,158.21
600116185 KUSACK, JR WILLIAM P 511 ELMORE STREET PARK RIDGE IL 60068 $442,589.56
600116188 SURKAMER BLAIR R 1021 ESTATE LN LAKE FOREST IL 60045 $270,430.18
600116189 TOWN WAYNE G 900 WALTER DR NEW LENOX IL 60451 $79,993.32
600116190 MOYER MARC 1290 HOLT RD MINOOKA IL 60447 $303,098.39
600116191 GRAY ROBERT L 28 142 BELLEAU DR WINFIELD IL 60190 $423,822.30
600116192 KICKHAM EDWARD 759 WOODALE BIRMINGHAM MI 48010 $202,303.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600116180 TAYLOR JAMES W 7.250 .250 7.000 .0400 6.960 03/01/2011
600116181 CRISTOL JOEL L 7.125 .250 6.875 .0400 6.835 12/01/2018
600116182 RIESENBERGER JOHN R 7.875 .250 7.625 .0400 7.585 05/01/2019
600116183 HELAS OLGA 7.625 .250 7.375 .0400 7.335 02/01/2026
600116184 LENCZOWSKI MARK 8.700 .250 8.450 .0400 8.410 06/01/2026
600116185 KUSACK, JR WILLIAM P 7.800 .250 7.550 .0400 7.510 04/01/2026
600116188 SURKAMER BLAIR R 8.000 .250 7.750 .0400 7.710 06/01/2024
600116189 TOWN WAYNE G 7.000 .250 6.750 .0400 6.710 03/01/2007
600116190 MOYER MARC 8.625 .250 8.375 .0400 8.335 05/01/2022
600116191 GRAY ROBERT L 8.250 .250 8.000 .0400 7.960 12/01/2020
600116192 KICKHAM EDWARD 7.900 .250 7.650 .0400 7.610 11/01/2016
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600116180 TAYLOR JAMES W 5139456 $2,347.84 02/01/1998 180
600116181 CRISTOL JOEL L 5233978 $3,361.19 02/01/1998 360
600116182 RIESENBERGER JOHN R 7320856 $1,705.09 02/01/1998 360
600116183 HELAS OLGA 8644031 $1,650.58 02/01/1998 360
600116184 LENCZOWSKI MARK 8660086 $1,785.55 02/01/1998 360
600116185 KUSACK, JR WILLIAM P 9181231 $3,239.42 02/01/1998 360
600116188 SURKAMER BLAIR R 9472010 $2,054.54 02/01/1998 360
600116189 TOWN WAYNE G 9549080 $993.83 02/01/1998 206
600116190 MOYER MARC 9555525 $2,488.09 02/01/1998 360
600116191 GRAY ROBERT L 9558669 $3,440.13 02/01/1998 360
600116192 KICKHAM EDWARD 9641606 $1,726.89 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600116180 TAYLOR JAMES W .00 .00 .00 .000 .250 .290 $450,000.00 N
600116181 CRISTOL JOEL L .00 .00 .00 .000 .250 .290 $1,125,000.00 N
600116182 RIESENBERGER JOHN R .00 .00 .00 .000 .250 .290 $345,000.00 N
600116183 HELAS OLGA .00 .00 .00 .000 .250 .290 $292,000.00 N
600116184 LENCZOWSKI MARK .00 .00 .00 .000 .250 .290 $285,000.00 N
600116185 KUSACK, JR WILLIAM P .00 .00 .00 .000 .250 .290 $600,000.00 N
600116188 SURKAMER BLAIR R .00 .00 .00 .000 .250 .290 $385,000.00 N
600116189 TOWN WAYNE G .00 .00 .00 .000 .250 .290 $275,000.00 N
600116190 MOYER MARC .00 .00 .00 .000 .250 .290 $400,000.00 N
600116191 GRAY ROBERT L .00 .00 .00 .000 .250 .290 $570,000.00 N
600116192 KICKHAM EDWARD .00 .00 .00 .000 .250 .290 $300,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 29
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:15:55 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1419 POOL NAME: 1998-2 Group 4
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
LOAN # OF CURRENT PROPERTY ORIG LOAN
COUNT BUYDOWN BALANCE VALUE AMOUNT P & I
----- ------- ------- --------- ------------- -----
<S> <C> <C> <C> <C> <C> <C>
** POOL
** TOTAL 389 0 134,617,180.49 221,861,666.00 145,802,195.00 1,006,503.35
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 1
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500064467 KOSOVA,ALLA 2314 PROMETHEUS COURT HENDERSON NV 89014 $464,120.97
500065345 POETON,TIMOTHY J 19 FERNDALE ROAD CHATHAM TOWNSHI NJ 07928 $383,774.86
500066189 CRAFT,GREG A&BARBARA J 8934 CONNEMARRO COURT FT WAYNE IN 46845 $349,235.20
500066337 MORRISSEY,JOSEPH P 213 61ST STREET BOROUGH OF AVAL NJ 08202 $312,749.26
500066339 CAVELLIER,ROBERT F 1048 RICHWOOD AVENUE CINCINNATI OH 45208 $248,714.39
500066378 ROSEWATER,JAMES E 106 OAKLAND PLACE LOS GATOS CA 95030 $334,735.14
500066395 ROOT,JONATHAN DAVID 37 WEST CLAY STREET SAN FRANCISCO CA 94121 $798,021.24
500066416 CANTER,NEIL 12 TANNERY LANE NORTH WESTON CT 06883 $319,246.59
500066431 GOLD,DAVID 584 MAIN STREET ST. HELENA CA 94574 $359,288.74
500066446 LAMBO,MICHAEL J 705 TURNBRIDGE ROAD WAYNE PA 19087 $458,920.64
500066447 HANCOCK,JAMES G. 3452 OUTLOOK COURT SAN JOSE CA 95132 $314,311.68
500066464 CICIRELLO,BERNARD A 10857 LEGACY RIDGE WAY WESTMINSTER CO 80030 $447,068.99
500066465 MOORE,GEORGE E 6 NARBROOK PARK BOROUGH OF NARB PA 19072 $286,823.08
500066466 SCHMIDT,DAVID A 2201 3RD AVE UNIT 1204 SEATTLE WA 98121 $244,652.44
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500064467 KOSOVA,ALLA 8.000 .250 7.750 .0500 7.700 04/01/2027
500065345 POETON,TIMOTHY J 8.500 .150 8.350 .1000 8.250 08/01/2027
500066189 CRAFT,GREG A&BARBARA J 7.625 .250 7.375 .0500 7.325 11/01/2027
500066337 MORRISSEY,JOSEPH P 7.250 .150 7.100 .1000 7.000 11/01/2027
500066339 CAVELLIER,ROBERT F 7.250 .150 7.100 .1000 7.000 10/01/2027
500066378 ROSEWATER,JAMES E 8.250 .250 8.000 .0500 7.950 10/01/2027
500066395 ROOT,JONATHAN DAVID 7.000 .150 6.850 .1000 6.750 11/01/2027
500066416 CANTER,NEIL 7.250 .150 7.100 .1000 7.000 11/01/2027
500066431 GOLD,DAVID 8.125 .150 7.975 .1000 7.875 11/01/2027
500066446 LAMBO,MICHAEL J 7.875 .250 7.625 .0500 7.575 10/01/2027
500066447 HANCOCK,JAMES G. 7.625 .250 7.375 .0500 7.325 11/01/2027
500066464 CICIRELLO,BERNARD A 7.875 .250 7.625 .0500 7.575 11/01/2027
500066465 MOORE,GEORGE E 7.250 .150 7.100 .1000 7.000 11/01/2027
500066466 SCHMIDT,DAVID A 7.250 .150 7.100 .1000 7.000 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500064467 KOSOVA,ALLA 092424659 $3,430.35 14 02/01/1998 360
500065345 POETON,TIMOTHY J 092435175 $2,961.85 12 02/01/1998 360
500066189 CRAFT,GREG A&BARBARA J 110141275 $2,477.28 02/01/1998 360
500066337 MORRISSEY,JOSEPH P 092454340 $2,148.86 02/01/1998 360
500066339 CAVELLIER,ROBERT F 092454655 $1,702.03 02/01/1998 360
500066378 ROSEWATER,JAMES E 092456393 $2,521.25 02/01/1998 360
500066395 ROOT,JONATHAN DAVID 092451366 $5,322.42 02/01/1998 360
500066416 CANTER,NEIL 092458046 $2,182.96 02/01/1998 360
500066431 GOLD,DAVID 092460043 $2,672.99 3 02/01/1998 360
500066446 LAMBO,MICHAEL J 092459611 $3,336.77 02/01/1998 360
500066447 HANCOCK,JAMES G. 092459700 $2,229.55 02/01/1998 360
500066464 CICIRELLO,BERNARD A 092449481 $3,248.31 02/01/1998 360
500066465 MOORE,GEORGE E 092454408 $1,961.26 02/01/1998 360
500066466 SCHMIDT,DAVID A 092460003 $1,673.04 7 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500064467 KOSOVA,ALLA .00 .00 .00 .000 .250 .300 $550,000.00 N
500065345 POETON,TIMOTHY J .00 .00 .00 .000 .150 .250 $428,000.00 N
500066189 CRAFT,GREG A&BARBARA J .00 .00 .00 .000 .250 .300 $468,000.00 N
500066337 MORRISSEY,JOSEPH P .00 .00 .00 .000 .150 .250 $439,000.00 N
500066339 CAVELLIER,ROBERT F .00 .00 .00 .000 .150 .250 $349,500.00 N
500066378 ROSEWATER,JAMES E .00 .00 .00 .000 .250 .300 $419,500.00 N
500066395 ROOT,JONATHAN DAVID .00 .00 .00 .000 .150 .250 $1,225,000.00 N
500066416 CANTER,NEIL .00 .00 .00 .000 .150 .250 $703,000.00 N
500066431 GOLD,DAVID .00 .00 .00 .000 .150 .250 $400,000.00 N
500066446 LAMBO,MICHAEL J .00 .00 .00 .000 .250 .300 $690,000.00 N
500066447 HANCOCK,JAMES G. .00 .00 .00 .000 .250 .300 $410,000.00 N
500066464 CICIRELLO,BERNARD A .00 .00 .00 .000 .250 .300 $560,000.00 N
500066465 MOORE,GEORGE E .00 .00 .00 .000 .150 .250 $385,000.00 N
500066466 SCHMIDT,DAVID A .00 .00 .00 .000 .150 .250 $272,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 2
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066554 GIAMMARINARO,JAMES G 71 PENNOCK ROAD ASHLAND MA 01721 $285,640.29
500066557 MARSH,WALTER J III 188 SUNRISE CIRCLE MOORESVILLE NC 28115 $394,179.14
500066558 TOSCHES,SUSAN L 49 INDIAN HARBOR DRIVE UN GREENWICH CT 06830 $316,441.01
500066559 BERGLUND,ALICE M 352 EDGEMERE ROAD LYNNFIELD MA 01940 $324,250.92
500066560 SCHWARTZ,HOWARD M 560 ILLINGWORTH AVENUE ENGLEWOOD NJ 07631 $748,441.39
500066561 STEWART,KERRI SCALA 405-407 MAIN STREET MEDFIELD MA 02052 $321,547.10
500066562 KENNY,PAUL F 12 HILLTOP TERRACE CHATHAM NJ 07928 $335,336.15
500066564 BROWN,BRIAN M 1009 A & B SEAL WAY SEAL BEACH CA 90740 $548,857.02
500066565 KOLLINER,SIM A 45 EAST GATE DRIVE PHOENIXVILLE PA 19460 $359,232.83
500066570 DEVRIES,WILLIAM F 47 GRANDVIEW AVE NORTH CALDWELL NJ 07006 $289,350.29
500066580 TROWBRIDGE,JAMES W 10 WINDERMERE WAY PRINCETON TOWNS NJ 08540 $349,254.14
500066581 OLIVETO,DANTE C 1339 EAST MOUNTAIN STREET GLENDALE CA 91207 $335,247.23
500066583 HAMMITT,STEPHEN F 764 VIA SAN SIMON CLAREMONT CA 91711 $370,168.81
500066585 LEES,BRIAN E 1061 RASHFORD DRIVE PLACENTIA CA 92870 $278,390.36
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066554 GIAMMARINARO,JAMES G 7.750 .150 7.600 .1000 7.500 11/01/2027
500066557 MARSH,WALTER J III 7.875 .150 7.725 .1000 7.625 11/01/2027
500066558 TOSCHES,SUSAN L 7.875 .150 7.725 .1000 7.625 11/01/2027
500066559 BERGLUND,ALICE M 7.750 .150 7.600 .1000 7.500 11/01/2027
500066560 SCHWARTZ,HOWARD M 7.875 .150 7.725 .1000 7.625 11/01/2027
500066561 STEWART,KERRI SCALA 8.000 .150 7.850 .1000 7.750 11/01/2027
500066562 KENNY,PAUL F 8.125 .150 7.975 .1000 7.875 11/01/2027
500066564 BROWN,BRIAN M 7.875 .150 7.725 .1000 7.625 11/01/2027
500066565 KOLLINER,SIM A 7.750 .150 7.600 .1000 7.500 11/01/2027
500066570 DEVRIES,WILLIAM F 7.500 .150 7.350 .1000 7.250 11/01/2027
500066580 TROWBRIDGE,JAMES W 7.750 .150 7.600 .1000 7.500 11/01/2027
500066581 OLIVETO,DANTE C 7.500 .250 7.250 .0500 7.200 11/01/2027
500066583 HAMMITT,STEPHEN F 7.500 .150 7.350 .1000 7.250 11/01/2027
500066585 LEES,BRIAN E 7.625 .150 7.475 .1000 7.375 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066554 GIAMMARINARO,JAMES G 092434898 $2,055.39 3 02/01/1998 360
500066557 MARSH,WALTER J III 092444657 $2,864.02 2 02/01/1998 360
500066558 TOSCHES,SUSAN L 092452654 $2,299.20 02/01/1998 360
500066559 BERGLUND,ALICE M 092453580 $2,338.08 02/01/1998 360
500066560 SCHWARTZ,HOWARD M 092453766 $5,438.02 02/01/1998 360
500066561 STEWART,KERRI SCALA 092454047 $2,364.19 3 02/01/1998 360
500066562 KENNY,PAUL F 092454048 $2,494.79 12 02/01/1998 360
500066564 BROWN,BRIAN M 092454595 $3,987.88 02/01/1998 360
500066565 KOLLINER,SIM A 092456116 $2,579.08 02/01/1998 360
500066570 DEVRIES,WILLIAM F 092457794 $2,027.72 02/01/1998 360
500066580 TROWBRIDGE,JAMES W 092460708 $2,507.44 02/01/1998 360
500066581 OLIVETO,DANTE C 092461049 $2,349.36 02/01/1998 360
500066583 HAMMITT,STEPHEN F 092461253 $2,594.09 02/01/1998 360
500066585 LEES,BRIAN E 092462083 $1,974.74 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066554 GIAMMARINARO,JAMES G .00 .00 .00 .000 .150 .250 $302,000.00 N
500066557 MARSH,WALTER J III .00 .00 .00 .000 .150 .250 $464,925.00 N
500066558 TOSCHES,SUSAN L .00 .00 .00 .000 .150 .250 $453,000.00 N
500066559 BERGLUND,ALICE M .00 .00 .00 .000 .150 .250 $407,950.00 N
500066560 SCHWARTZ,HOWARD M .00 .00 .00 .000 .150 .250 $1,020,000.00 N
500066561 STEWART,KERRI SCALA .00 .00 .00 .000 .150 .250 $358,000.00 N
500066562 KENNY,PAUL F .00 .00 .00 .000 .150 .250 $360,000.00 N
500066564 BROWN,BRIAN M .00 .00 .00 .000 .150 .250 $700,000.00 N
500066565 KOLLINER,SIM A .00 .00 .00 .000 .150 .250 $460,000.00 N
500066570 DEVRIES,WILLIAM F .00 .00 .00 .000 .150 .250 $390,000.00 N
500066580 TROWBRIDGE,JAMES W .00 .00 .00 .000 .150 .250 $608,000.00 N
500066581 OLIVETO,DANTE C .00 .00 .00 .000 .250 .300 $420,000.00 N
500066583 HAMMITT,STEPHEN F .00 .00 .00 .000 .150 .250 $530,000.00 N
500066585 LEES,BRIAN E .00 .00 .00 .000 .150 .250 $310,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 3
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066586 AZOQA,KAMAL 13 CROCKETT STREET IRVINE CA 92620 $263,537.20
500066587 PENANO,HONORIO D 18563 WHITE OAK DRIVE YORBA LINDA CA 92886 $346,795.84
500066591 BRUCE,DANIEL W 1225 YORKSHIRE WOODS COUR WHEATON IL 60187 $250,507.35
500066592 DONNELLY,SUE E 35 MALLORCA WAY SAN FRANCISCO CA 94123 $320,893.19
500066593 FROST,GEOFFREY 10538 BRADBURY ROAD LOS ANGELES CA 90064 $363,723.23
500066595 WENSLEY,PAUL 17 GLOVER STREET SAN FRANSISCO CA 94109 $364,202.41
500066596 BLATTEIS,RONALD S 3400 REDWOOD ROAD NAPA CA 94558 $399,081.27
500066632 CARLSON,WILLIAM C 2116 PRIMROSE LANE NAPERVILLE IL 60565 $255,440.61
500066633 LEONARD,ROBYN F 162 HILLSIDE AVENUE MILL VALLEY CA 94941 $578,529.80
500066634 HAGE,PIERRE S 27 FARMSTEAD LANE, UNIT 1 TRUMBULL CT 06611 $347,294.82
500066636 LEIK,THEODORE MARK 175 CHARMIN HILL ROAD APTOS CA 95003 $299,542.04
500066637 CONLEY,MAUREEN R 142 PRENDIVILLE WAY MARLBOROUGH MA 01752 $321,695.80
500066652 KIM,BO Y 19725 FALCON CREST WAY LOS ANGELES ( N CA 91326 $380,188.06
500066654 REED,PETER A 46 LEXINGTON DRIVE ACTON MA 01720 $266,592.43
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066586 AZOQA,KAMAL 7.750 .150 7.600 .1000 7.500 11/01/2027
500066587 PENANO,HONORIO D 8.000 .250 7.750 .0500 7.700 11/01/2027
500066591 BRUCE,DANIEL W 7.750 .150 7.600 .1000 7.500 11/01/2027
500066592 DONNELLY,SUE E 7.625 .150 7.475 .1000 7.375 11/01/2027
500066593 FROST,GEOFFREY 7.750 .250 7.500 .0500 7.450 11/01/2027
500066595 WENSLEY,PAUL 7.625 .150 7.475 .1000 7.375 11/01/2027
500066596 BLATTEIS,RONALD S 7.375 .150 7.225 .1000 7.125 11/01/2027
500066632 CARLSON,WILLIAM C 7.625 .150 7.475 .1000 7.375 11/01/2027
500066633 LEONARD,ROBYN F 6.875 .150 6.725 .1000 6.625 11/01/2027
500066634 HAGE,PIERRE S 8.000 .150 7.850 .1000 7.750 11/01/2027
500066636 LEIK,THEODORE MARK 7.375 .150 7.225 .1000 7.125 12/01/2027
500066637 CONLEY,MAUREEN R 7.250 .150 7.100 .1000 7.000 12/01/2027
500066652 KIM,BO Y 7.750 .250 7.500 .0500 7.450 11/01/2027
500066654 REED,PETER A 7.375 .150 7.225 .1000 7.125 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066586 AZOQA,KAMAL 092462091 $1,892.04 12 02/01/1998 360
500066587 PENANO,HONORIO D 092462477 $2,549.83 18 02/01/1998 360
500066591 BRUCE,DANIEL W 092463368 $1,798.91 02/01/1998 360
500066592 DONNELLY,SUE E 092463486 $2,279.10 02/01/1998 360
500066593 FROST,GEOFFREY 092464069 $2,611.32 02/01/1998 360
500066595 WENSLEY,PAUL 092464579 $2,583.45 02/01/1998 360
500066596 BLATTEIS,RONALD S 092464652 $2,762.70 02/01/1998 360
500066632 CARLSON,WILLIAM C 092463323 $1,811.95 02/01/1998 360
500066633 LEONARD,ROBYN F 092463484 $3,810.19 02/01/1998 360
500066634 HAGE,PIERRE S 092463503 $2,553.50 02/01/1998 360
500066636 LEIK,THEODORE MARK 092463745 $2,072.03 02/01/1998 360
500066637 CONLEY,MAUREEN R 092463870 $2,197.97 3 02/01/1998 360
500066652 KIM,BO Y 092458514 $2,729.53 02/01/1998 360
500066654 REED,PETER A 092459792 $1,844.10 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066586 AZOQA,KAMAL .00 .00 .00 .000 .150 .250 $278,000.00 N
500066587 PENANO,HONORIO D .00 .00 .00 .000 .250 .300 $409,000.00 N
500066591 BRUCE,DANIEL W .00 .00 .00 .000 .150 .250 $330,000.00 N
500066592 DONNELLY,SUE E .00 .00 .00 .000 .150 .250 $450,000.00 N
500066593 FROST,GEOFFREY .00 .00 .00 .000 .250 .300 $495,000.00 N
500066595 WENSLEY,PAUL .00 .00 .00 .000 .150 .250 $600,000.00 N
500066596 BLATTEIS,RONALD S .00 .00 .00 .000 .150 .250 $500,000.00 N
500066632 CARLSON,WILLIAM C .00 .00 .00 .000 .150 .250 $340,000.00 N
500066633 LEONARD,ROBYN F .00 .00 .00 .000 .150 .250 $725,000.00 N
500066634 HAGE,PIERRE S .00 .00 .00 .000 .150 .250 $480,000.00 N
500066636 LEIK,THEODORE MARK .00 .00 .00 .000 .150 .250 $535,000.00 N
500066637 CONLEY,MAUREEN R .00 .00 .00 .000 .150 .250 $358,000.00 N
500066652 KIM,BO Y .00 .00 .00 .000 .250 .300 $476,310.00 N
500066654 REED,PETER A .00 .00 .00 .000 .150 .250 $356,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 4
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066655 THOMPSON,KERRY J MD 1682 JUSTIN DRIVE GAMBRILLS MD 21054 $295,580.83
500066656 CHIN,WALLACE G 294 ST CHRISTOPHER DRIVE DANVILLE CA 94526 $284,377.25
500066658 DOYLE,KATHLEEN B 20 ORCHARD FARMS LANE TOWN OF AVON CT 06001 $245,324.82
500066659 YANG,SHIRLEY C 11120 GLENBROOK LANE INDIAN HEAD PAR IL 60525 $473,987.73
500066660 WEIGAND,MICHAEL C JR 320 BENNETT PLACE CLAREMONT CA 91711 $271,373.13
500066661 BOOKWALTER,JOHN W 572 SQUAW RUN ROAD EAST PITTSBURGH PA 15238 $578,093.93
500066662 LINDSAY,MARK HUNTER 950 BUTTERFIELD ROAD SAN ANSELMO CA 94960 $483,019.23
500066663 CHOUEIRI,EDGAR Y 417 ALEXANDER STREET TOWNSHIP OF PRI NJ 08540 $282,233.91
500066675 MEGENIS,WALTER F 16 VILLAGE GREEN LANE MONROE CT 06468 $294,582.23
500066677 ROOD,JOEL DAVID 5409 EAST 105TH STREET TULSA OK 74137 $286,102.43
500066680 HOLMES,ROBERT KINSEY 700 HOBART STREET MENLO PARK CA 94025 $484,618.32
500066681 COHENOUR,FRANKLIN C 5590 CALLE MIRAMAR LA JOLLA CA 92037 $256,034.77
500066682 SCHUT,BONNIE 11359 SUNSHINE TERRACE STUDIO CITY CA 91604 $338,040.96
500066684 NELSON,JAMES D 3037 NW 123RD PLACE PORTLAND OR 97229 $249,261.39
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066655 THOMPSON,KERRY J MD 7.750 .150 7.600 .1000 7.500 12/01/2027
500066656 CHIN,WALLACE G 7.625 .150 7.475 .1000 7.375 11/01/2027
500066658 DOYLE,KATHLEEN B 7.000 .150 6.850 .1000 6.750 11/01/2027
500066659 YANG,SHIRLEY C 7.750 .150 7.600 .1000 7.500 11/01/2027
500066660 WEIGAND,MICHAEL C JR 7.250 .150 7.100 .1000 7.000 12/01/2027
500066661 BOOKWALTER,JOHN W 7.250 .150 7.100 .1000 7.000 12/01/2027
500066662 LINDSAY,MARK HUNTER 8.000 .150 7.850 .1000 7.750 11/01/2027
500066663 CHOUEIRI,EDGAR Y 7.250 .150 7.100 .1000 7.000 11/01/2027
500066675 MEGENIS,WALTER F 7.750 .150 7.600 .1000 7.500 12/01/2027
500066677 ROOD,JOEL DAVID 7.875 .250 7.625 .0500 7.575 10/01/2027
500066680 HOLMES,ROBERT KINSEY 7.875 .250 7.625 .0500 7.575 11/01/2027
500066681 COHENOUR,FRANKLIN C 7.250 .150 7.100 .1000 7.000 12/01/2027
500066682 SCHUT,BONNIE 7.500 .250 7.250 .0500 7.200 11/01/2027
500066684 NELSON,JAMES D 7.250 .150 7.100 .1000 7.000 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066655 THOMPSON,KERRY J MD 092461544 $2,120.58 02/01/1998 360
500066656 CHIN,WALLACE G 092462137 $2,017.21 02/01/1998 360
500066658 DOYLE,KATHLEEN B 092463436 $1,636.64 02/01/1998 360
500066659 YANG,SHIRLEY C 092463819 $3,402.96 02/01/1998 360
500066660 WEIGAND,MICHAEL C JR 092464564 $1,855.52 02/01/1998 360
500066661 BOOKWALTER,JOHN W 092464785 $3,949.80 02/01/1998 360
500066662 LINDSAY,MARK HUNTER 092465065 $3,551.42 02/01/1998 360
500066663 CHOUEIRI,EDGAR Y 092466358 $1,929.88 02/01/1998 360
500066675 MEGENIS,WALTER F 092450291 $2,113.42 02/01/1998 360
500066677 ROOD,JOEL DAVID 092453872 $2,080.22 14 02/01/1998 360
500066680 HOLMES,ROBERT KINSEY 092463109 $3,560.09 02/01/1998 360
500066681 COHENOUR,FRANKLIN C 092463173 $1,757.29 02/01/1998 360
500066682 SCHUT,BONNIE 092463193 $2,368.94 02/01/1998 360
500066684 NELSON,JAMES D 092463431 $1,705.44 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066655 THOMPSON,KERRY J MD .00 .00 .00 .000 .150 .250 $468,000.00 N
500066656 CHIN,WALLACE G .00 .00 .00 .000 .150 .250 $380,000.00 N
500066658 DOYLE,KATHLEEN B .00 .00 .00 .000 .150 .250 $365,000.00 N
500066659 YANG,SHIRLEY C .00 .00 .00 .000 .150 .250 $600,000.00 N
500066660 WEIGAND,MICHAEL C JR .00 .00 .00 .000 .150 .250 $340,000.00 N
500066661 BOOKWALTER,JOHN W .00 .00 .00 .000 .150 .250 $975,000.00 N
500066662 LINDSAY,MARK HUNTER .00 .00 .00 .000 .150 .250 $605,000.00 N
500066663 CHOUEIRI,EDGAR Y .00 .00 .00 .000 .150 .250 $355,000.00 N
500066675 MEGENIS,WALTER F .00 .00 .00 .000 .150 .250 $417,500.00 N
500066677 ROOD,JOEL DAVID .00 .00 .00 .000 .250 .300 $302,000.00 N
500066680 HOLMES,ROBERT KINSEY .00 .00 .00 .000 .250 .300 $780,000.00 N
500066681 COHENOUR,FRANKLIN C .00 .00 .00 .000 .150 .250 $450,000.00 N
500066682 SCHUT,BONNIE .00 .00 .00 .000 .250 .300 $423,600.00 N
500066684 NELSON,JAMES D .00 .00 .00 .000 .150 .250 $430,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 5
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066685 MARS,ANDREW FOSTER 21242 SPURNEY LANE HUNTINGTON BEAC CA 92646 $522,854.99
500066686 EMERTON,CHRISTOPHER F. 2033 24TH AVE. E, SEATTLE WA 98112 $284,327.34
500066687 GALBRAITH,ROBERT M 478 DARLINGTON ROAD TOWNSHIP OF MID PA 19063 $477,953.32
500066689 ERWIN,DAVID J 45 525 NAVAJO ROAD INDIAN WELLS CA 92210 $394,350.57
500066690 GOFF,RICHARD C 1 LAKECREST COURT BALTIMORE MD 21286 $387,450.53
500066692 MASICA,GREGORY M 2 TRACEY LANE BUDD LAKE NJ 07828 $240,304.25
500066694 WELLER,DONALD DARWIN 218 WEST GAVIOTA SAN CLEMENTE CA 92672 $314,273.45
500066699 JUNGE,LELAND 8299 CREAMERY ROAD TOWNSHIP OF WEI PA 19511 $347,481.85
500066700 UBERTACCIO,DENISE 13 BOCKHOVEN LANE HARDING TOWNSHI NJ 07976 $299,484.63
500066701 SALING,TIMOTHY G 10 OYSTER BAY DRIVE BOROUGH OF RUMS NJ 07760 $350,690.01
500066703 ANDREOZZI,SCOTT G 68 LIBERTY RIDGE ROAD BASKING RIDGE NJ 07920 $285,678.90
500066704 BAJAIO,ALBERT 755 FOREST AVENUE LARCHMONT NY 10538 $251,624.79
500066707 SHLAGER,LYLE 77 WELLINGTON AVENUE ROSS CA 94957 $673,695.36
500066708 OWEN,DAVID R 613 RIVER BIRCH DRIVE YORKVILLE IL 60560 $368,978.05
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066685 MARS,ANDREW FOSTER 7.625 .250 7.375 .0500 7.325 11/01/2027
500066686 EMERTON,CHRISTOPHER F. 7.625 .250 7.375 .0500 7.325 11/01/2027
500066687 GALBRAITH,ROBERT M 7.625 .150 7.475 .1000 7.375 11/01/2027
500066689 ERWIN,DAVID J 7.000 .150 6.850 .1000 6.750 12/01/2027
500066690 GOFF,RICHARD C 7.750 .150 7.600 .1000 7.500 12/01/2027
500066692 MASICA,GREGORY M 7.000 .150 6.850 .1000 6.750 12/01/2027
500066694 WELLER,DONALD DARWIN 7.375 .150 7.225 .1000 7.125 12/01/2027
500066699 JUNGE,LELAND 7.500 .150 7.350 .1000 7.250 12/01/2027
500066700 UBERTACCIO,DENISE 7.250 .150 7.100 .1000 7.000 12/01/2027
500066701 SALING,TIMOTHY G 7.625 .150 7.475 .1000 7.375 12/01/2027
500066703 ANDREOZZI,SCOTT G 7.000 .150 6.850 .1000 6.750 12/01/2027
500066704 BAJAIO,ALBERT 7.500 .150 7.350 .1000 7.250 12/01/2027
500066707 SHLAGER,LYLE 7.625 .150 7.475 .1000 7.375 12/01/2027
500066708 OWEN,DAVID R 7.875 .250 7.625 .0500 7.575 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066685 MARS,ANDREW FOSTER 092463531 $3,708.84 02/01/1998 360
500066686 EMERTON,CHRISTOPHER F. 092463900 $2,016.86 3 02/01/1998 360
500066687 GALBRAITH,ROBERT M 092464280 $3,390.33 02/01/1998 360
500066689 ERWIN,DAVID J 092464716 $2,627.94 02/01/1998 360
500066690 GOFF,RICHARD C 092464741 $2,779.68 02/01/1998 360
500066692 MASICA,GREGORY M 092465866 $1,601.38 02/01/1998 360
500066694 WELLER,DONALD DARWIN 092467156 $2,189.44 02/01/1998 360
500066699 JUNGE,LELAND 092412766 $2,433.27 02/01/1998 360
500066700 UBERTACCIO,DENISE 092430147 $2,046.53 02/01/1998 360
500066701 SALING,TIMOTHY G 092460155 $2,485.77 02/01/1998 360
500066703 ANDREOZZI,SCOTT G 092463150 $1,906.76 12 02/01/1998 360
500066704 BAJAIO,ALBERT 092463490 $1,762.02 02/01/1998 360
500066707 SHLAGER,LYLE 092466003 $4,777.61 02/01/1998 360
500066708 OWEN,DAVID R 092467721 $2,682.76 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066685 MARS,ANDREW FOSTER .00 .00 .00 .000 .250 .300 $655,000.00 N
500066686 EMERTON,CHRISTOPHER F. .00 .00 .00 .000 .250 .300 $299,950.00 N
500066687 GALBRAITH,ROBERT M .00 .00 .00 .000 .150 .250 $600,000.00 N
500066689 ERWIN,DAVID J .00 .00 .00 .000 .150 .250 $535,000.00 N
500066690 GOFF,RICHARD C .00 .00 .00 .000 .150 .250 $533,000.00 N
500066692 MASICA,GREGORY M .00 .00 .00 .000 .150 .250 $310,700.00 N
500066694 WELLER,DONALD DARWIN .00 .00 .00 .000 .150 .250 $510,000.00 N
500066699 JUNGE,LELAND .00 .00 .00 .000 .150 .250 $435,000.00 N
500066700 UBERTACCIO,DENISE .00 .00 .00 .000 .150 .250 $415,000.00 N
500066701 SALING,TIMOTHY G .00 .00 .00 .000 .150 .250 $439,000.00 N
500066703 ANDREOZZI,SCOTT G .00 .00 .00 .000 .150 .250 $330,000.00 N
500066704 BAJAIO,ALBERT .00 .00 .00 .000 .150 .250 $419,000.00 N
500066707 SHLAGER,LYLE .00 .00 .00 .000 .150 .250 $925,000.00 N
500066708 OWEN,DAVID R .00 .00 .00 .000 .250 .300 $490,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 6
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066711 BOGLE,G MICHAEL 2312 EAST NORTHVIEW AVENU PHOENIX AZ 85020 $255,169.51
500066763 WILLIAMS,RICKY & MARY 19 OAK TREE LN LOUISVILLE KY 40245 $261,787.01
500066795 VISONE,RICHARD N SR 1938 GREY EAGLE STREET HENDERSON NV 89014 $385,639.18
500066797 PARTRIDGE,GLENN R 3559 FIRST STREET BOROUGH OF AVAL NJ 08202 $309,526.79
500066800 MOTRONI,MYRA H 44 TURKEY HILL SOUTH WESTPORT CT 0688 $399,404.42
500066801 SRIVASTAVA,DIVESH 152 MOUNTAIN AVENUE SUMMIT NJ 07901 $295,830.47
500066802 LEEN,VICTOR H 12930 SEABECK HIGHWAY NW SEABECK WA 98380 $439,376.91
500066803 HODGES,CHRISTOPHER J 4 MICHELLE TERRACE ROXBURY NJ 08865 $241,602.12
500066804 HUFFSTATER,KIRK E 1990 WOLFENSBERGER COURT CASTLE ROCK CO 80104 $509,213.11
500066805 FOGAL,DAVID A RR 1 BOX 414 DOWNS IL 61736 $289,381.97
500066806 TARTARONE,STUART A 15-99TH STREET UNIT H BOROUGH OF STON NJ 08247 $259,593.12
500066807 GILMORE,SALLY B 155 LAKE AVENUE GREENWICH CT 06830 $339,518.51
500066808 MCCROY,HUGH G JR 200 SOMERSET AVENUE FAIRFIELD CT 06430 $379,461.86
500066810 KALLET,ANDREW 311 REED BLVD MILL VALLEY CA 94941 $412,612.26
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066711 BOGLE,G MICHAEL 7.500 .150 7.350 .1000 7.250 12/01/2027
500066763 WILLIAMS,RICKY & MARY 8.000 .250 7.750 .0500 7.700 07/01/2017
500066795 VISONE,RICHARD N SR 7.625 .150 7.475 .1000 7.375 12/01/2027
500066797 PARTRIDGE,GLENN R 7.375 .150 7.225 .1000 7.125 12/01/2027
500066800 MOTRONI,MYRA H 7.500 .150 7.350 .1000 7.250 12/01/2027
500066801 SRIVASTAVA,DIVESH 7.750 .150 7.600 .1000 7.500 12/01/2027
500066802 LEEN,VICTOR H 7.750 .150 7.600 .1000 7.500 12/01/2027
500066803 HODGES,CHRISTOPHER J 7.000 .150 6.850 .1000 6.750 12/01/2027
500066804 HUFFSTATER,KIRK E 7.625 .250 7.375 .0500 7.325 12/01/2027
500066805 FOGAL,DAVID A 7.750 .250 7.500 .0500 7.450 11/01/2027
500066806 TARTARONE,STUART A 7.250 .150 7.100 .1000 7.000 12/01/2027
500066807 GILMORE,SALLY B 7.750 .150 7.600 .1000 7.500 12/01/2027
500066808 MCCROY,HUGH G JR 7.750 .150 7.600 .1000 7.500 12/01/2027
500066810 KALLET,ANDREW 8.000 .150 7.850 .1000 7.750 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066711 BOGLE,G MICHAEL 092468718 $1,786.84 12 02/01/1998 360
500066763 WILLIAMS,RICKY & MARY 8671015 $2,216.57 02/01/1998 240
500066795 VISONE,RICHARD N SR 092419557 $2,733.50 02/01/1998 360
500066797 PARTRIDGE,GLENN R 092455188 $2,141.09 02/01/1998 360
500066800 MOTRONI,MYRA H 092459542 $2,796.86 02/01/1998 360
500066801 SRIVASTAVA,DIVESH 092461031 $2,122.37 02/01/1998 360
500066802 LEEN,VICTOR H 092461226 $3,152.21 02/01/1998 360
500066803 HODGES,CHRISTOPHER J 092461461 $1,610.03 3 02/01/1998 360
500066804 HUFFSTATER,KIRK E 092462923 $3,680.53 02/01/1998 360
500066805 FOGAL,DAVID A 092463032 $2,077.60 02/01/1998 360
500066806 TARTARONE,STUART A 092463946 $1,773.66 02/01/1998 360
500066807 GILMORE,SALLY B 092464721 $2,435.80 02/01/1998 360
500066808 MCCROY,HUGH G JR 092464804 $2,722.37 02/01/1998 360
500066810 KALLET,ANDREW 092465062 $3,045.12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066711 BOGLE,G MICHAEL .00 .00 .00 .000 .150 .250 $269,000.00 N
500066763 WILLIAMS,RICKY & MARY .00 .00 .00 .000 .250 .300 $330,000.00 N
500066795 VISONE,RICHARD N SR .00 .00 .00 .000 .150 .250 $482,777.00 N
500066797 PARTRIDGE,GLENN R .00 .00 .00 .000 .150 .250 $450,000.00 N
500066800 MOTRONI,MYRA H .00 .00 .00 .000 .150 .250 $1,820,000.00 N
500066801 SRIVASTAVA,DIVESH .00 .00 .00 .000 .150 .250 $395,000.00 N
500066802 LEEN,VICTOR H .00 .00 .00 .000 .150 .250 $550,000.00 N
500066803 HODGES,CHRISTOPHER J .00 .00 .00 .000 .150 .250 $255,000.00 N
500066804 HUFFSTATER,KIRK E .00 .00 .00 .000 .250 .300 $650,000.00 N
500066805 FOGAL,DAVID A .00 .00 .00 .000 .250 .300 $515,000.00 N
500066806 TARTARONE,STUART A .00 .00 .00 .000 .150 .250 $325,000.00 N
500066807 GILMORE,SALLY B .00 .00 .00 .000 .150 .250 $425,000.00 N
500066808 MCCROY,HUGH G JR .00 .00 .00 .000 .150 .250 $535,000.00 N
500066810 KALLET,ANDREW .00 .00 .00 .000 .150 .250 $885,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 7
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066811 WESTON,KATHLEEN K 31 IOWA ROAD WAYNE NJ 07470 $315,480.43
500066812 DONNER,RAYMOND R 17103 DEER CROSSING TR FISHERVILLE KY 40023 $303,558.56
500066813 SMITH,MARK 333 SOUTH WINDSOR BOULEVA LOS ANGELES CA 90020 $998,473.49
500066815 GRUBER,KAREN A 57 SAINT MICHAEL DANA POINT CA 92629 $281,840.13
500066816 WITHERSPOON,RALPH P 8406 CROSS LAKE DRIVE FAIRFAX STATION VA 22039 $360,738.42
500066821 HENKIN,DAVID G 450 SOUTH ITHAN AVENUE TOWNSHIP OF RAD PA 19085 $325,464.00
500066822 FRIEDMAN,ARTHUR J 119 RICHARDSON DRIVE MILL VALLEY CA 94941 $306,565.24
500066828 PARKER,DARYL R 132 YORK ROAD MANSFIELD MA 02048 $395,453.17
500066829 MUELLER,JOHN P 20 IRONSIDES STREET #3 LOS ANGELES CA 90292 $259,622.45
500066830 OSGOOD,JONATHAN W 229 MARLBOROUGH STREET BOSTON MA 02108 $649,124.82
500066836 SCHOLOVICH,VALERIE G 1630 RIDGE HAVEN RUN ALPHARETTA GA 30022 $246,818.95
500066837 WASILOV,ALEXANDER V 308 GREENLEY ROAD NEW CANAAN CT 06840 $1,347,780.38
500066854 MACRI,FRANK 11 BATTLE RIDGE ROAD PARSIPPANY NJ 07888 $295,580.83
500066856 AMICK,JOHN P 7949 10TH AVENUE SOUTH ST. PETERSBURG FL 33706 $292,075.24
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066811 WESTON,KATHLEEN K 7.000 .150 6.850 .1000 6.750 12/01/2027
500066812 DONNER,RAYMOND R 7.625 .150 7.475 .1000 7.375 12/01/2027
500066813 SMITH,MARK 7.375 .250 7.125 .0500 7.075 12/01/2027
500066815 GRUBER,KAREN A 7.625 .150 7.475 .1000 7.375 12/01/2027
500066816 WITHERSPOON,RALPH P 7.750 .150 7.600 .1000 7.500 12/01/2027
500066821 HENKIN,DAVID G 7.000 .150 6.850 .1000 6.750 12/01/2027
500066822 FRIEDMAN,ARTHUR J 7.750 .150 7.600 .1000 7.500 12/01/2027
500066828 PARKER,DARYL R 7.875 .150 7.725 .1000 7.625 12/01/2027
500066829 MUELLER,JOHN P 7.625 .250 7.375 .0500 7.325 12/01/2027
500066830 OSGOOD,JONATHAN W 8.000 .150 7.850 .1000 7.750 12/01/2027
500066836 SCHOLOVICH,VALERIE G 7.125 .150 6.975 .1000 6.875 12/01/2027
500066837 WASILOV,ALEXANDER V 7.000 .150 6.850 .1000 6.750 12/01/2027
500066854 MACRI,FRANK 7.750 .150 7.600 .1000 7.500 12/01/2027
500066856 AMICK,JOHN P 7.625 .150 7.475 .1000 7.375 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066811 WESTON,KATHLEEN K 092465257 $2,102.36 02/01/1998 360
500066812 DONNER,RAYMOND R 092465417 $2,151.69 02/01/1998 360
500066813 SMITH,MARK 092465794 $6,906.75 02/01/1998 360
500066815 GRUBER,KAREN A 092466902 $1,997.75 02/01/1998 360
500066816 WITHERSPOON,RALPH P 092467193 $2,588.04 3 02/01/1998 360
500066821 HENKIN,DAVID G 092468886 $2,168.89 02/01/1998 360
500066822 FRIEDMAN,ARTHUR J 092469489 $2,199.39 02/01/1998 360
500066828 PARKER,DARYL R 092461003 $2,871.27 02/01/1998 360
500066829 MUELLER,JOHN P 092462869 $1,840.26 02/01/1998 360
500066830 OSGOOD,JONATHAN W 092463334 $4,769.47 02/01/1998 360
500066836 SCHOLOVICH,VALERIE G 092468373 $1,665.77 2 02/01/1998 360
500066837 WASILOV,ALEXANDER V 092470608 $8,981.58 02/01/1998 360
500066854 MACRI,FRANK 092438104 $2,120.58 02/01/1998 360
500066856 AMICK,JOHN P 092457859 $2,070.30 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066811 WESTON,KATHLEEN K .00 .00 .00 .000 .150 .250 $395,000.00 N
500066812 DONNER,RAYMOND R .00 .00 .00 .000 .150 .250 $380,000.00 N
500066813 SMITH,MARK .00 .00 .00 .000 .250 .300 $1,685,000.00 N
500066815 GRUBER,KAREN A .00 .00 .00 .000 .150 .250 $375,000.00 N
500066816 WITHERSPOON,RALPH P .00 .00 .00 .000 .150 .250 $431,000.00 N
500066821 HENKIN,DAVID G .00 .00 .00 .000 .150 .250 $407,500.00 N
500066822 FRIEDMAN,ARTHUR J .00 .00 .00 .000 .150 .250 $385,000.00 N
500066828 PARKER,DARYL R .00 .00 .00 .000 .150 .250 $528,000.00 N
500066829 MUELLER,JOHN P .00 .00 .00 .000 .250 .300 $325,000.00 N
500066830 OSGOOD,JONATHAN W .00 .00 .00 .000 .150 .250 $1,500,000.00 N
500066836 SCHOLOVICH,VALERIE G .00 .00 .00 .000 .150 .250 $337,250.00 N
500066837 WASILOV,ALEXANDER V .00 .00 .00 .000 .150 .250 $1,800,000.00 N
500066854 MACRI,FRANK .00 .00 .00 .000 .150 .250 $390,761.00 N
500066856 AMICK,JOHN P .00 .00 .00 .000 .150 .250 $325,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 8
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066860 IVALDI,HAZEL 720 HOLLY COURT NORWOOD BOROUGH NJ 07648 $271,633.77
500066864 LAURIAT,SANDRA M 4220 STANFORD AVENUE UNIVERSITY PARK TX 75225 $347,468.77
500066865 SAX,BENJAMIN S 8 SOUTH DRIVE TOWN OF MAMARON NY 10153 $648,931.29
500066867 MALES,STEVEN D 32 WINDMILL ROAD NEW FAIRFIELD CT 06812 $264,833.80
500066868 RAMAN,MAHADEV 35 DEBRA DRIVE SOUTH BRUNSWICK NJ 08810 $242,970.66
500066872 KNICKERBOCKER,JASON A 1336 GLENWOOD AVENUE SAN JOSE CA 95125 $379,461.86
500066874 HEMPHILL,BEVERLY E 37 BRISTLECONE IRVINE CA 92620 $314,530.98
500066875 GNIEWEK,BARBARA P 104 INTERVALE ROAD MOUNTAIN LAKES NJ 07046 $336,510.61
500066877 SAKURAI,JENNIFER L 1479 ASCENSION DRIVE SAN MATEO CA 94402 $255,595.74
500066878 THEER,ROBERT R JR 2132 KENTON LANE GREEN OAKS IL 60048 $312,643.77
500066880 STEELE,JAMES A 4188 VICASA DRIVE CALABASAS CA 91302 $698,983.50
500066882 REHORN,HAROLD A JR 3573 COUCHVILLE PIKE HERMITAGE TN 37076 $259,612.87
500066883 EGGLETON,PAUL 22954 DARIEN STREET WOODLAND HILLS CA 91364 $315,316.40
500066884 BRUSH,DENNIS W 98 LAUREL GROVE AVENUE ROSS CA 94957 $1,098,518.92
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066860 IVALDI,HAZEL 8.000 .150 7.850 .1000 7.750 12/01/2027
500066864 LAURIAT,SANDRA M 7.375 .150 7.225 .1000 7.125 12/01/2027
500066865 SAX,BENJAMIN S 7.000 .150 6.850 .1000 6.750 12/01/2027
500066867 MALES,STEVEN D 7.875 .150 7.725 .1000 7.625 12/01/2027
500066868 RAMAN,MAHADEV 7.500 .150 7.350 .1000 7.250 12/01/2027
500066872 KNICKERBOCKER,JASON A 7.750 .250 7.500 .0500 7.450 12/01/2027
500066874 HEMPHILL,BEVERLY E 7.500 .150 7.350 .1000 7.250 12/01/2027
500066875 GNIEWEK,BARBARA P 7.625 .150 7.475 .1000 7.375 12/01/2027
500066877 SAKURAI,JENNIFER L 7.250 .150 7.100 .1000 7.000 12/01/2027
500066878 THEER,ROBERT R JR 7.625 .150 7.475 .1000 7.375 12/01/2027
500066880 STEELE,JAMES A 7.625 .150 7.475 .1000 7.375 12/01/2027
500066882 REHORN,HAROLD A JR 7.500 .150 7.350 .1000 7.250 12/01/2027
500066883 EGGLETON,PAUL 7.375 .150 7.225 .1000 7.125 12/01/2027
500066884 BRUSH,DENNIS W 8.000 .150 7.850 .1000 7.750 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066860 IVALDI,HAZEL 092461456 $1,995.84 02/01/1998 360
500066864 LAURIAT,SANDRA M 092464299 $2,403.55 02/01/1998 360
500066865 SAX,BENJAMIN S 092464461 $4,324.47 02/01/1998 360
500066867 MALES,STEVEN D 092464479 $1,922.88 2 02/01/1998 360
500066868 RAMAN,MAHADEV 092464742 $1,713.08 12 02/01/1998 360
500066872 KNICKERBOCKER,JASON A 092466108 $2,722.37 02/01/1998 360
500066874 HEMPHILL,BEVERLY E 092467374 $2,202.53 33 02/01/1998 360
500066875 GNIEWEK,BARBARA P 092467446 $2,385.27 02/01/1998 360
500066877 SAKURAI,JENNIFER L 092468154 $1,746.37 02/01/1998 360
500066878 THEER,ROBERT R JR 092468208 $2,217.52 02/01/1998 360
500066880 STEELE,JAMES A 092468504 $4,954.56 02/01/1998 360
500066882 REHORN,HAROLD A JR 092469109 $1,817.96 2 02/01/1998 360
500066883 EGGLETON,PAUL 092469144 $2,182.53 02/01/1998 360
500066884 BRUSH,DENNIS W 092469484 $8,071.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066860 IVALDI,HAZEL .00 .00 .00 .000 .150 .250 $350,000.00 N
500066864 LAURIAT,SANDRA M .00 .00 .00 .000 .150 .250 $435,000.00 N
500066865 SAX,BENJAMIN S .00 .00 .00 .000 .150 .250 $850,000.00 N
500066867 MALES,STEVEN D .00 .00 .00 .000 .150 .250 $312,000.00 N
500066868 RAMAN,MAHADEV .00 .00 .00 .000 .150 .250 $276,000.00 N
500066872 KNICKERBOCKER,JASON A .00 .00 .00 .000 .250 .300 $615,000.00 N
500066874 HEMPHILL,BEVERLY E .00 .00 .00 .000 .150 .250 $353,000.00 N
500066875 GNIEWEK,BARBARA P .00 .00 .00 .000 .150 .250 $422,000.00 N
500066877 SAKURAI,JENNIFER L .00 .00 .00 .000 .150 .250 $470,000.00 N
500066878 THEER,ROBERT R JR .00 .00 .00 .000 .150 .250 $400,000.00 N
500066880 STEELE,JAMES A .00 .00 .00 .000 .150 .250 $1,200,000.00 N
500066882 REHORN,HAROLD A JR .00 .00 .00 .000 .150 .250 $285,000.00 N
500066883 EGGLETON,PAUL .00 .00 .00 .000 .150 .250 $400,000.00 N
500066884 BRUSH,DENNIS W .00 .00 .00 .000 .150 .250 $1,525,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 9
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066886 BRLETIC,THOMAS J 1880 BRENTWOOD DRIVE HENDERSON NV 89014 $366,827.22
500066887 DELONG,WILLIAM G JR 4321 CENTRAL AVENUE OCEAN CITY NJ 08226 $573,101.75
500066888 DELONG,WILLIAM G JR 344 KINGS HIGHWAY EAST HADDONFIELD BOR NJ 08033 $367,409.69
500066898 POLOKOFF,ERIC M 82 HAMPTON COURT SOUTHBURY CT 06488 $299,530.53
500066899 DUNN,ARTHUR J LOT 4A PUSH CART LANE HANOVER MA 02339 $256,965.57
500066900 BOYLE,JOAN F 14 TWIN LAKES DRIVE COLTS NECK NJ 07722 $339,542.22
500066901 HAVILAND,MAX A 31 TEAPOT HILL RD. WILTON CT 06897 $384,721.34
500066902 KARMAN,LAWRENCE C 2411 32ND STREET LOS ANGELES(SAN CA 90405 $478,867.88
500066904 PARK,HYUN KYO 2105 YORKSHIRE WAY MOUNTAIN VIEW CA 94040 $646,061.57
500066905 PALLO,PAUL J 24 WALNUT STREET WEST MAHWAH NJ 07430 $365,468.51
500066907 SNEAD,STEVEN O 18450 EAST 111TH STREET BROKEN ARROW OK 74011 $499,157.34
500066908 KALLISON,STEVE G 628 GREENWICH LANE FOSTER CITY CA 94404 $346,520.83
500066910 TIMBERLAKE,ANNE M. 251 WINDING WAY SAN CARLOS CA 94070 $299,575.15
500066911 HARRIS,JERRY G 484 ISLAND WAY CLEARWATER FL 33767 $327,774.27
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066886 BRLETIC,THOMAS J 7.625 .150 7.475 .1000 7.375 12/01/2027
500066887 DELONG,WILLIAM G JR 7.250 .150 7.100 .1000 7.000 12/01/2027
500066888 DELONG,WILLIAM G JR 7.125 .150 6.975 .1000 6.875 12/01/2027
500066898 POLOKOFF,ERIC M 7.250 .150 7.100 .1000 7.000 12/01/2027
500066899 DUNN,ARTHUR J 7.750 .250 7.500 .0500 7.450 12/01/2027
500066900 BOYLE,JOAN F 8.000 .150 7.850 .1000 7.750 12/01/2027
500066901 HAVILAND,MAX A 7.625 .150 7.475 .1000 7.375 01/01/2028
500066902 KARMAN,LAWRENCE C 7.375 .250 7.125 .0500 7.075 12/01/2027
500066904 PARK,HYUN KYO 7.500 .250 7.250 .0500 7.200 12/01/2027
500066905 PALLO,PAUL J 7.625 .150 7.475 .1000 7.375 12/01/2027
500066907 SNEAD,STEVEN O 7.500 .150 7.350 .1000 7.250 12/01/2027
500066908 KALLISON,STEVE G 7.875 .250 7.625 .0500 7.575 12/01/2027
500066910 TIMBERLAKE,ANNE M. 7.750 .250 7.500 .0500 7.450 12/01/2027
500066911 HARRIS,JERRY G 7.875 .150 7.725 .1000 7.625 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066886 BRLETIC,THOMAS J 092469714 $2,618.84 02/01/1998 360
500066887 DELONG,WILLIAM G JR 092470617 $3,915.69 02/01/1998 360
500066888 DELONG,WILLIAM G JR 092470619 $2,479.28 02/01/1998 360
500066898 POLOKOFF,ERIC M 092426232 $2,046.53 02/01/1998 360
500066899 DUNN,ARTHUR J 092444556 $1,843.55 02/01/1998 360
500066900 BOYLE,JOAN F 092446903 $2,494.80 02/01/1998 360
500066901 HAVILAND,MAX A 092457017 $2,725.01 02/01/1998 360
500066902 KARMAN,LAWRENCE C 092457996 $3,312.48 02/01/1998 360
500066904 PARK,HYUN KYO 092460571 $4,544.89 02/01/1998 360
500066905 PALLO,PAUL J 092462554 $2,590.53 02/01/1998 360
500066907 SNEAD,STEVEN O 092463417 $3,496.07 02/01/1998 360
500066908 KALLISON,STEVE G 092463643 $2,515.99 02/01/1998 360
500066910 TIMBERLAKE,ANNE M. 092465088 $2,149.24 02/01/1998 360
500066911 HARRIS,JERRY G 092466687 $2,378.23 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066886 BRLETIC,THOMAS J .00 .00 .00 .000 .150 .250 $472,000.00 N
500066887 DELONG,WILLIAM G JR .00 .00 .00 .000 .150 .250 $850,000.00 N
500066888 DELONG,WILLIAM G JR .00 .00 .00 .000 .150 .250 $900,000.00 N
500066898 POLOKOFF,ERIC M .00 .00 .00 .000 .150 .250 $379,500.00 N
500066899 DUNN,ARTHUR J .00 .00 .00 .000 .250 .300 $321,663.00 N
500066900 BOYLE,JOAN F .00 .00 .00 .000 .150 .250 $540,000.00 N
500066901 HAVILAND,MAX A .00 .00 .00 .000 .150 .250 $485,000.00 N
500066902 KARMAN,LAWRENCE C .00 .00 .00 .000 .250 .300 $599,500.00 N
500066904 PARK,HYUN KYO .00 .00 .00 .000 .250 .300 $840,000.00 N
500066905 PALLO,PAUL J .00 .00 .00 .000 .150 .250 $460,000.00 N
500066907 SNEAD,STEVEN O .00 .00 .00 .000 .150 .250 $775,000.00 N
500066908 KALLISON,STEVE G .00 .00 .00 .000 .250 .300 $600,000.00 N
500066910 TIMBERLAKE,ANNE M. .00 .00 .00 .000 .250 .300 $457,000.00 N
500066911 HARRIS,JERRY G .00 .00 .00 .000 .150 .250 $410,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 10
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066912 LAUTERBACH,MARK S 11701 PUTTER WAY LOS ALTOS CA 94024 $399,404.42
500066913 ORR,JOHN A 23735 PARK BELMONTE CALABASAS CA 91302 $495,297.60
500066914 LABAK,ALEXANDER 10531 ISADORA LANE LOS ANGELES CA 90077 $569,085.65
500066915 RENAULT,MICHEL M 12400 LANDALE STREET LOS ANGELES (ST CA 91604 $282,599.23
500066918 NORMAN,PETER 56 PALMER STREET ARLINGTON MA 02174 $254,411.05
500066920 MCCORKINDALE,DOROTHY S 22 CURREY AVENUE SAUSALITO CA 94965 $793,816.29
500066921 FUGLEVAND,MARK R 2224 237TH PL SE BOTHELL WA 98011 $285,534.76
500066922 ROSENWASSER,RONALD N 99 PICKWICK RD TOWN OF NEWTON MA 02165 $549,221.12
500066929 HUA,QUYEN DAN 43011 SABERCAT PLACE FREMONT CA 94539 $599,150.33
500066932 GENTILE,PATRICK J 14 RED ROSE CIRCLE DARIEN CT 06820 $299,530.53
500066936 KEATE,CHRISTOPHER R 2316 BOHANNON DRIVE SANTA CLARA CA 95050 $277,097.03
500066937 DIRKSEN,ERIC L 8263 BELLA VISTA DRIVE ALTA LOMA CA 91701 $241,370.66
500066939 HAUSERMAN,LARRY J 10040 E. HAPPY VALLEY ROA SCOTTSDALE AZ 85255 $631,519.10
500066954 JOHNSON,RICHARD K 1318 SOUTH 96TH STREET LOUISVILLE CO 80027 $524,906.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066912 LAUTERBACH,MARK S 7.500 .150 7.350 .1000 7.250 12/01/2027
500066913 ORR,JOHN A 7.750 .250 7.500 .0500 7.450 12/01/2027
500066914 LABAK,ALEXANDER 7.125 .150 6.975 .1000 6.875 12/01/2027
500066915 RENAULT,MICHEL M 7.750 .250 7.500 .0500 7.450 12/01/2027
500066918 NORMAN,PETER 7.375 .150 7.225 .1000 7.125 12/01/2027
500066920 MCCORKINDALE,DOROTHY S 7.500 .250 7.250 .0500 7.200 12/01/2027
500066921 FUGLEVAND,MARK R 7.625 .150 7.475 .1000 7.375 12/01/2027
500066922 ROSENWASSER,RONALD N 7.750 .150 7.600 .1000 7.500 12/01/2027
500066929 HUA,QUYEN DAN 7.750 .250 7.500 .0500 7.450 12/01/2027
500066932 GENTILE,PATRICK J 7.250 .150 7.100 .1000 7.000 12/01/2027
500066936 KEATE,CHRISTOPHER R 7.625 .250 7.375 .0500 7.325 12/01/2027
500066937 DIRKSEN,ERIC L 7.500 .150 7.350 .1000 7.250 01/01/2028
500066939 HAUSERMAN,LARRY J 7.375 .150 7.225 .1000 7.125 01/01/2028
500066954 JOHNSON,RICHARD K 7.875 .250 7.625 .0500 7.575 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066912 LAUTERBACH,MARK S 092466693 $2,796.86 02/01/1998 360
500066913 ORR,JOHN A 092466847 $3,553.40 02/01/1998 360
500066914 LABAK,ALEXANDER 092467488 $3,840.20 02/01/1998 360
500066915 RENAULT,MICHEL M 092467906 $2,027.45 02/01/1998 360
500066918 NORMAN,PETER 092468422 $1,759.84 02/01/1998 360
500066920 MCCORKINDALE,DOROTHY S 092471491 $5,558.76 02/01/1998 360
500066921 FUGLEVAND,MARK R 092472360 $2,023.94 2 02/01/1998 360
500066922 ROSENWASSER,RONALD N 092472741 $3,940.27 02/01/1998 360
500066929 HUA,QUYEN DAN 092434562 $4,298.47 02/01/1998 360
500066932 GENTILE,PATRICK J 092464516 $2,046.53 02/01/1998 360
500066936 KEATE,CHRISTOPHER R 092468844 $1,964.13 02/01/1998 360
500066937 DIRKSEN,ERIC L 092470597 $1,689.65 2 02/01/1998 360
500066939 HAUSERMAN,LARRY J 092472127 $4,365.07 02/01/1998 360
500066954 JOHNSON,RICHARD K 092459608 $3,813.87 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066912 LAUTERBACH,MARK S .00 .00 .00 .000 .150 .250 $735,000.00 N
500066913 ORR,JOHN A .00 .00 .00 .000 .250 .300 $620,000.00 N
500066914 LABAK,ALEXANDER .00 .00 .00 .000 .150 .250 $760,000.00 N
500066915 RENAULT,MICHEL M .00 .00 .00 .000 .250 .300 $375,000.00 N
500066918 NORMAN,PETER .00 .00 .00 .000 .150 .250 $318,500.00 N
500066920 MCCORKINDALE,DOROTHY S .00 .00 .00 .000 .250 .300 $1,100,000.00 N
500066921 FUGLEVAND,MARK R .00 .00 .00 .000 .150 .250 $301,000.00 N
500066922 ROSENWASSER,RONALD N .00 .00 .00 .000 .150 .250 $842,500.00 N
500066929 HUA,QUYEN DAN .00 .00 .00 .000 .250 .300 $980,000.00 N
500066932 GENTILE,PATRICK J .00 .00 .00 .000 .150 .250 $595,000.00 N
500066936 KEATE,CHRISTOPHER R .00 .00 .00 .000 .250 .300 $392,000.00 N
500066937 DIRKSEN,ERIC L .00 .00 .00 .000 .150 .250 $268,500.00 N
500066939 HAUSERMAN,LARRY J .00 .00 .00 .000 .150 .250 $790,000.00 N
500066954 JOHNSON,RICHARD K .00 .00 .00 .000 .250 .300 $705,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 11
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066957 ADAMS,RICHARD K 3157 WHITELEAF WAY SAN JOSE CA 95148 $321,754.99
500066960 COLBERT,BRETT 2307 OLYMPIC AVENUE MENLO PARK CA 94025 $569,192.80
500066962 BOYD,CHARLES C 6N158 SULKY ROAD WAYNE IL 60184 $380,460.46
500066963 AMENDOLA,PATSY J 12868 BAYWIND POINT SAN DIEGO CA 92130 $474,638.56
500066966 MARZARSKI,PETER 582 MILLWOOD ROAD MOUNT KISCO NY 10549 $541,597.75
500066967 CHIEM,AN H 2027 NW LANGLEY COURT PORTLAND OR 97229 $323,759.55
500066968 BLOOMQUIST,THOMAS J 1465 WHITE EAGLE DRIVE AURORA IL 60564 $319,768.39
500066969 BELLAMY,JEROME JAMES 3070 LUCINDA LANE SANTA BARBARA CA 93105 $256,818.61
500066975 POBRIEN,DAVID 42 LORRAINE DRIVE ASHLAND MA 01721 $247,811.30
500066976 FERM,PAUL M 17 BEECHWOOD DRIVE CONVENT STATION NJ 07960 $267,001.70
500066979 SHAH,SUNDIP R 24310 LA MASINA COURT CALABASAS CA 91302 $577,447.48
500066980 MCCABE,DAVID J 151 ELK AVENUE NEW ROCHELLE NY 10804 $695,496.26
500066982 OSBURN,DOUGLAS C III 936 PLANTATION DRIVE LEAGUE CITY TX 77573 $259,816.50
500066985 EVANS,COREY H 1150 FRIENDLY WAY SOUTH ST. PETERSBURG FL 33705 $368,277.73
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066957 ADAMS,RICHARD K 7.375 .150 7.225 .1000 7.125 01/01/2028
500066960 COLBERT,BRETT 7.750 .250 7.500 .0500 7.450 12/01/2027
500066962 BOYD,CHARLES C 7.750 .250 7.500 .0500 7.450 12/01/2027
500066963 AMENDOLA,PATSY J 7.375 .150 7.225 .1000 7.125 01/01/2028
500066966 MARZARSKI,PETER 7.500 .250 7.250 .0500 7.200 01/01/2028
500066967 CHIEM,AN H 7.500 .150 7.350 .1000 7.250 01/01/2028
500066968 BLOOMQUIST,THOMAS J 7.625 .150 7.475 .1000 7.375 01/01/2028
500066969 BELLAMY,JEROME JAMES 7.750 .150 7.600 .1000 7.500 01/01/2028
500066975 POBRIEN,DAVID 7.375 .150 7.225 .1000 7.125 01/01/2028
500066976 FERM,PAUL M 7.500 .150 7.350 .1000 7.250 01/01/2028
500066979 SHAH,SUNDIP R 7.875 .250 7.625 .0500 7.575 11/01/2027
500066980 MCCABE,DAVID J 7.625 .150 7.475 .1000 7.375 01/01/2028
500066982 OSBURN,DOUGLAS C III 7.750 .150 7.600 .1000 7.500 01/01/2028
500066985 EVANS,COREY H 7.750 .250 7.500 .0500 7.450 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066957 ADAMS,RICHARD K 092464622 $2,223.97 02/01/1998 360
500066960 COLBERT,BRETT 092467332 $4,083.55 02/01/1998 360
500066962 BOYD,CHARLES C 092468066 $2,729.53 02/01/1998 360
500066963 AMENDOLA,PATSY J 092468938 $3,280.71 02/01/1998 360
500066966 MARZARSKI,PETER 092470347 $3,789.75 02/01/1998 360
500066967 CHIEM,AN H 092471345 $2,265.45 12 02/01/1998 360
500066968 BLOOMQUIST,THOMAS J 092471368 $2,264.94 2 02/01/1998 360
500066969 BELLAMY,JEROME JAMES 092471507 $1,841.18 3 02/01/1998 360
500066975 POBRIEN,DAVID 092456130 $1,712.87 02/01/1998 360
500066976 FERM,PAUL M 092461868 $1,868.30 02/01/1998 360
500066979 SHAH,SUNDIP R 092462615 $4,195.61 02/01/1998 360
500066980 MCCABE,DAVID J 092462844 $4,926.24 02/01/1998 360
500066982 OSBURN,DOUGLAS C III 092464627 $1,862.67 02/01/1998 360
500066985 EVANS,COREY H 092465559 $2,642.13 24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066957 ADAMS,RICHARD K .00 .00 .00 .000 .150 .250 $430,000.00 N
500066960 COLBERT,BRETT .00 .00 .00 .000 .250 .300 $760,000.00 N
500066962 BOYD,CHARLES C .00 .00 .00 .000 .250 .300 $500,000.00 N
500066963 AMENDOLA,PATSY J .00 .00 .00 .000 .150 .250 $662,565.00 N
500066966 MARZARSKI,PETER .00 .00 .00 .000 .250 .300 $677,500.00 N
500066967 CHIEM,AN H .00 .00 .00 .000 .150 .250 $360,000.00 N
500066968 BLOOMQUIST,THOMAS J .00 .00 .00 .000 .150 .250 $358,500.00 N
500066969 BELLAMY,JEROME JAMES .00 .00 .00 .000 .150 .250 $310,000.00 N
500066975 POBRIEN,DAVID .00 .00 .00 .000 .150 .250 $310,048.00 N
500066976 FERM,PAUL M .00 .00 .00 .000 .150 .250 $334,000.00 N
500066979 SHAH,SUNDIP R .00 .00 .00 .000 .250 .300 $728,000.00 N
500066980 MCCABE,DAVID J .00 .00 .00 .000 .150 .250 $870,000.00 N
500066982 OSBURN,DOUGLAS C III .00 .00 .00 .000 .150 .250 $331,900.00 N
500066985 EVANS,COREY H .00 .00 .00 .000 .250 .300 $418,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 12
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500066988 BOYD,CHAD W 2409 DOUGLASS GLENN LANE FRANKLIN TN 37064 $278,587.86
500066991 HUDSON,SUSAN Q 45 HUDSON STREET HASTINGS-ON-HUD NY 10706 $271,798.14
500066992 HAYNES,RICHARD G 5700 OAK TREE ROAD EDMOND OK 73003 $249,814.46
500067003 HUTA,HENRY N 50 PRINCESS PINE COURT EAST GREENWICH RI 02818 $423,479.79
500067004 TIMMCKE,BRUCE A 9 PARSONAGE OAK COURT PARKTON MD 21120 $251,375.16
500067011 MARTIN,WILLIAM R IV 15414 32ND AVENUE SE MILLCREEK WA 98012 $302,569.60
500067013 WONG,THOMAS Y.S. 627 TAMI WAY MOUNTAIN VIEW CA 94041 $259,631.81
500067015 MANSMITH,DAVID G 802 PONDEROSA DRIVE HARTLAND WI 53029 $403,714.86
500067016 AVERETTE,HERVY E 5982 PARADISE POINT DRIVE MIAMI FL 33157 $302,980.55
500067018 FORD,ROCKY V 58 SPEIR STREET TWP OF SO. ORAN NJ 07079 $289,800.43
500067019 WALLACE,MARCIA 1312 SOUTH GENESEE AVENUE LOS ANGELES CA 90019 $327,558.37
500067021 MISCHLER,JOHN 1515 AIDEN LAIR ROAD UPPER DUBLIN TO PA 19002 $298,754.09
500067022 PETROFF,LAURA R. 1353 BRAERIDGE DRIVE LOS ANGELES CA 90210 $698,957.75
500067023 MCDOWELL,PETER S 19 GARDEN ROAD SUMMIT NJ 07901 $349,726.96
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500066988 BOYD,CHAD W 7.375 .150 7.225 .1000 7.125 01/01/2028
500066991 HUDSON,SUSAN Q 7.500 .150 7.350 .1000 7.250 01/01/2028
500066992 HAYNES,RICHARD G 7.500 .150 7.350 .1000 7.250 01/01/2028
500067003 HUTA,HENRY N 8.250 .150 8.100 .1000 8.000 01/01/2028
500067004 TIMMCKE,BRUCE A 7.500 .250 7.250 .0500 7.200 12/01/2027
500067011 MARTIN,WILLIAM R IV 7.375 .150 7.225 .1000 7.125 01/01/2028
500067013 WONG,THOMAS Y.S. 7.750 .250 7.500 .0500 7.450 12/01/2027
500067015 MANSMITH,DAVID G 7.750 .250 7.500 .0500 7.450 01/01/2028
500067016 AVERETTE,HERVY E 7.625 .150 7.475 .1000 7.375 01/01/2028
500067018 FORD,ROCKY V 7.875 .150 7.725 .1000 7.625 01/01/2028
500067019 WALLACE,MARCIA 8.000 .250 7.750 .0500 7.700 12/01/2027
500067021 MISCHLER,JOHN 7.000 .150 6.850 .1000 6.750 01/01/2028
500067022 PETROFF,LAURA R. 7.500 .250 7.250 .0500 7.200 12/01/2027
500067023 MCDOWELL,PETER S 7.250 .150 7.100 .1000 7.000 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500066988 BOYD,CHAD W 092468423 $1,925.60 02/01/1998 360
500066991 HUDSON,SUSAN Q 092470984 $1,901.86 02/01/1998 360
500066992 HAYNES,RICHARD G 092473734 $1,748.04 02/01/1998 360
500067003 HUTA,HENRY N 092460496 $3,183.49 02/01/1998 360
500067004 TIMMCKE,BRUCE A 092461859 $1,760.28 12 02/01/1998 360
500067011 MARTIN,WILLIAM R IV 092467457 $2,091.36 02/01/1998 360
500067013 WONG,THOMAS Y.S. 092467917 $1,862.67 02/01/1998 360
500067015 MANSMITH,DAVID G 092468029 $2,894.31 02/01/1998 360
500067016 AVERETTE,HERVY E 092468135 $2,146.03 02/01/1998 360
500067018 FORD,ROCKY V 092468541 $2,102.70 3 02/01/1998 360
500067019 WALLACE,MARCIA 092469009 $2,406.75 02/01/1998 360
500067021 MISCHLER,JOHN 092469470 $1,995.91 02/01/1998 360
500067022 PETROFF,LAURA R. 092469962 $4,894.50 02/01/1998 360
500067023 MCDOWELL,PETER S 092470092 $2,387.62 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500066988 BOYD,CHAD W .00 .00 .00 .000 .150 .250 $348,542.00 N
500066991 HUDSON,SUSAN Q .00 .00 .00 .000 .150 .250 $340,000.00 N
500066992 HAYNES,RICHARD G .00 .00 .00 .000 .150 .250 $350,000.00 N
500067003 HUTA,HENRY N .00 .00 .00 .000 .150 .250 $565,000.00 N
500067004 TIMMCKE,BRUCE A .00 .00 .00 .000 .250 .300 $265,000.00 N
500067011 MARTIN,WILLIAM R IV .00 .00 .00 .000 .150 .250 $378,500.00 N
500067013 WONG,THOMAS Y.S. .00 .00 .00 .000 .250 .300 $475,000.00 N
500067015 MANSMITH,DAVID G .00 .00 .00 .000 .250 .300 $550,000.00 N
500067016 AVERETTE,HERVY E .00 .00 .00 .000 .150 .250 $470,000.00 N
500067018 FORD,ROCKY V .00 .00 .00 .000 .150 .250 $335,000.00 N
500067019 WALLACE,MARCIA .00 .00 .00 .000 .250 .300 $420,000.00 N
500067021 MISCHLER,JOHN .00 .00 .00 .000 .150 .250 $379,000.00 N
500067022 PETROFF,LAURA R. .00 .00 .00 .000 .250 .300 $875,000.00 N
500067023 MCDOWELL,PETER S .00 .00 .00 .000 .150 .250 $520,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 13
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500067024 HANNIGAN,JOHN F. JR 178 SEMINARY DRIVE MENLO PARK CA 94025 $698,910.36
500067027 KLICKSTEIN,ANDREW M 60 DOLLIVER NECK DRIVE GLOUCESTER MA 01930 $386,448.29
500067029 KIM,WILBUR D 84 IRVING STREET ARLINGTON MA 02174 $504,143.93
500067030 VANDOREN,MAX E 990 SINGING WOOD DRIVE ARCADIA CA 91006 $265,792.49
500067031 TAGUE,BARRY E JR 40 SINGINGWOOD LANE ORINDA CA 94563 $629,532.45
500067032 KAGAN,STEVEN A 2143 BASSWOOD DRIVE LAFAYETTE HILL PA 19444 $257,667.91
500067033 HUESER,JOHN F #200 93RD STREET STONE HARBOR NJ 08247 $286,202.90
500067037 ISETTS,CHRIS HOWARD 181 COVE CREEK ROAD MOORESVILLE NC 28115 $254,201.54
500067038 HARDAWAY,ERIC L 1315 REGENCY CENTRE DRIVE ATLANTA GA 30331 $306,660.59
500067039 SMITH,WILLIAM T 120 MCLAIN STREET BEDFORD CORNERS NY 10549 $430,455.64
500067040 WILSON,THOMAS C 95 SALEM ROAD NEW CANAAN CT 06840 $619,539.87
500067042 DEUTSCH,LARRY S 601 MCELWEE ROAD MOORESTOWN TOWN NJ 08057 $439,648.14
500067045 TSENG,JENNY S 100 GURNSEY RD BOROUGH OF SWAR PA 19081 $300,713.31
500067070 PEELER,ALEXANDRA A 5209 CHURCH ROAD BOWIE MD 20715 $355,755.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500067024 HANNIGAN,JOHN F. JR 7.750 .250 7.500 .0500 7.450 01/01/2028
500067027 KLICKSTEIN,ANDREW M 7.250 .150 7.100 .1000 7.000 01/01/2028
500067029 KIM,WILBUR D 7.750 .150 7.600 .1000 7.500 01/01/2028
500067030 VANDOREN,MAX E 7.250 .150 7.100 .1000 7.000 01/01/2028
500067031 TAGUE,BARRY E JR 7.500 .150 7.350 .1000 7.250 01/01/2028
500067032 KAGAN,STEVEN A 7.750 .150 7.600 .1000 7.500 01/01/2028
500067033 HUESER,JOHN F 7.875 .150 7.725 .1000 7.625 01/01/2028
500067037 ISETTS,CHRIS HOWARD 7.250 .150 7.100 .1000 7.000 01/01/2028
500067038 HARDAWAY,ERIC L 7.250 .150 7.100 .1000 7.000 01/01/2028
500067039 SMITH,WILLIAM T 7.750 .250 7.500 .0500 7.450 09/01/2027
500067040 WILSON,THOMAS C 7.500 .150 7.350 .1000 7.250 01/01/2028
500067042 DEUTSCH,LARRY S 7.125 .150 6.975 .1000 6.875 01/01/2028
500067045 TSENG,JENNY S 7.000 .150 6.850 .1000 6.750 01/01/2028
500067070 PEELER,ALEXANDRA A 7.875 .150 7.725 .1000 7.625 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500067024 HANNIGAN,JOHN F. JR 092470171 $5,010.62 02/01/1998 360
500067027 KLICKSTEIN,ANDREW M 092471392 $2,638.32 2 02/01/1998 360
500067029 KIM,WILBUR D 092472124 $3,614.30 02/01/1998 360
500067030 VANDOREN,MAX E 092472190 $1,814.59 02/01/1998 360
500067031 TAGUE,BARRY E JR 092472864 $4,405.05 02/01/1998 360
500067032 KAGAN,STEVEN A 092473178 $1,848.34 02/01/1998 360
500067033 HUESER,JOHN F 092473925 $2,076.60 02/01/1998 360
500067037 ISETTS,CHRIS HOWARD 092443165 $1,735.46 02/01/1998 360
500067038 HARDAWAY,ERIC L 092452614 $2,093.60 2 02/01/1998 360
500067039 SMITH,WILLIAM T 092454793 $3,094.91 02/01/1998 360
500067040 WILSON,THOMAS C 092461459 $4,335.13 02/01/1998 360
500067042 DEUTSCH,LARRY S 092471384 $2,964.36 02/01/1998 360
500067045 TSENG,JENNY S 092473182 $2,002.29 02/01/1998 360
500067070 PEELER,ALEXANDRA A 092423516 $2,581.25 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500067024 HANNIGAN,JOHN F. JR .00 .00 .00 .000 .250 .300 $999,149.00 N
500067027 KLICKSTEIN,ANDREW M .00 .00 .00 .000 .150 .250 $455,000.00 N
500067029 KIM,WILBUR D .00 .00 .00 .000 .150 .250 $660,000.00 N
500067030 VANDOREN,MAX E .00 .00 .00 .000 .150 .250 $725,000.00 N
500067031 TAGUE,BARRY E JR .00 .00 .00 .000 .150 .250 $792,760.00 N
500067032 KAGAN,STEVEN A .00 .00 .00 .000 .150 .250 $345,000.00 N
500067033 HUESER,JOHN F .00 .00 .00 .000 .150 .250 $358,000.00 N
500067037 ISETTS,CHRIS HOWARD .00 .00 .00 .000 .150 .250 $318,018.00 N
500067038 HARDAWAY,ERIC L .00 .00 .00 .000 .150 .250 $341,000.00 N
500067039 SMITH,WILLIAM T .00 .00 .00 .000 .250 .300 $540,000.00 N
500067040 WILSON,THOMAS C .00 .00 .00 .000 .150 .250 $775,000.00 N
500067042 DEUTSCH,LARRY S .00 .00 .00 .000 .150 .250 $550,000.00 N
500067045 TSENG,JENNY S .00 .00 .00 .000 .150 .250 $376,200.00 N
500067070 PEELER,ALEXANDRA A .00 .00 .00 .000 .150 .250 $447,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 14
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500067071 WOODS,DARCEL DELISE 2436 SEGOVIA LA VERNE CA 91750 $387,712.05
500067072 HUANG,JAMES 10 NICOLL DRIVE ANDOVER MA 01801 $514,288.83
500067073 NELSON,MARK G 14 WESTGATE DRIVE SAN RAFAEL CA 94901 $819,435.68
500067074 HICKEY,MICHAEL S MD 990 CONTINENTAL DRIVE MENLO PARK CA 94025 $449,648.96
500067075 WARD,KEVIN P 208 AMY COURT STROUDSBURG PA 18360 $367,698.36
500067076 WILSON,CURTIS S 13446 CHANDLER BLVD SHERMAN OAKS CA 91401 $248,020.36
500067077 LEWIS,STEVE W. 6204 152ND PLACE SOUTHEAS SNOHOMISH WA 98296 $281,209.24
500067078 SPAR,ARI J 604 DOUGLAS ROAD CHAPPAQUA NY 10514 $599,597.41
500067081 QUIST,CATHERINE 20 CORTO LANE WOODSIDE CA 94062 $534,631.82
500067082 POTTER,RICHARD J 25978 N. OAK HILL ROAD BARRINGTON IL 60010 $341,015.15
500067405 LADD,KENNETH G II 72 TETON PINES DRIVE HENDERSON NV 89014 $311,074.69
500067410 REINER,RICHARD M 9632 EAGLE HILLS WAY GILROY CA 95020 $281,030.94
500067412 GOODMAN,ROBERT K 6 MIDDLEBROOK ROAD WEST HARTFORD CT 06119 $269,784.09
500067413 MELVILLE,NAZITA R 25 BARSTOW AVENUE NORWELL MA 02061 $363,749.49
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500067071 WOODS,DARCEL DELISE 7.500 .150 7.350 .1000 7.250 01/01/2028
500067072 HUANG,JAMES 7.875 .250 7.625 .0500 7.575 12/01/2027
500067073 NELSON,MARK G 7.875 .150 7.725 .1000 7.625 01/01/2028
500067074 HICKEY,MICHAEL S MD 7.250 .150 7.100 .1000 7.000 01/01/2028
500067075 WARD,KEVIN P 7.000 .150 6.850 .1000 6.750 01/01/2028
500067076 WILSON,CURTIS S 7.625 .150 7.475 .1000 7.375 01/01/2028
500067077 LEWIS,STEVE W. 7.250 .250 7.000 .0500 6.950 12/01/2027
500067078 SPAR,ARI J 8.000 .250 7.750 .0500 7.700 01/01/2028
500067081 QUIST,CATHERINE 7.875 .150 7.725 .1000 7.625 01/01/2028
500067082 POTTER,RICHARD J 7.875 .250 7.625 .0500 7.575 01/01/2028
500067405 LADD,KENNETH G II 7.625 .150 7.475 .1000 7.375 01/01/2028
500067410 REINER,RICHARD M 7.500 .250 7.250 .0500 7.200 12/01/2027
500067412 GOODMAN,ROBERT K 7.125 .150 6.975 .1000 6.875 01/01/2028
500067413 MELVILLE,NAZITA R 7.875 .250 7.625 .0500 7.575 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500067071 WOODS,DARCEL DELISE 092451428 $2,712.95 02/01/1998 360
500067072 HUANG,JAMES 092463192 $3,734.11 02/01/1998 360
500067073 NELSON,MARK G 092465052 $5,945.57 02/01/1998 360
500067074 HICKEY,MICHAEL S MD 092467291 $3,069.79 02/01/1998 360
500067075 WARD,KEVIN P 092468364 $2,448.31 02/01/1998 360
500067076 WILSON,CURTIS S 092469116 $1,756.74 02/01/1998 360
500067077 LEWIS,STEVE W. 092470202 $1,921.35 12 02/01/1998 360
500067078 SPAR,ARI J 092470346 $4,402.59 02/01/1998 360
500067081 QUIST,CATHERINE 092471071 $3,879.12 02/01/1998 360
500067082 POTTER,RICHARD J 092471605 $2,474.30 02/01/1998 360
500067405 LADD,KENNETH G II 092420710 $2,203.36 02/01/1998 360
500067410 REINER,RICHARD M 092441422 $1,967.94 1 02/01/1998 360
500067412 GOODMAN,ROBERT K 092464145 $1,819.04 02/01/1998 360
500067413 MELVILLE,NAZITA R 092466048 $2,639.26 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500067071 WOODS,DARCEL DELISE .00 .00 .00 .000 .150 .250 $485,000.00 N
500067072 HUANG,JAMES .00 .00 .00 .000 .250 .300 $785,000.00 N
500067073 NELSON,MARK G .00 .00 .00 .000 .150 .250 $1,025,000.00 N
500067074 HICKEY,MICHAEL S MD .00 .00 .00 .000 .150 .250 $822,500.00 N
500067075 WARD,KEVIN P .00 .00 .00 .000 .150 .250 $460,000.00 N
500067076 WILSON,CURTIS S 5.00 .00 12.13 2.750 2.600 2.500 $330,000.00 N
500067077 LEWIS,STEVE W. .00 .00 .00 .000 .250 .300 $296,500.00 N
500067078 SPAR,ARI J .00 .00 .00 .000 .250 .300 $765,000.00 N
500067081 QUIST,CATHERINE .00 .00 .00 .000 .150 .250 $830,000.00 N
500067082 POTTER,RICHARD J .00 .00 .00 .000 .250 .300 $480,000.00 N
500067405 LADD,KENNETH G II .00 .00 .00 .000 .150 .250 $389,134.92 N
500067410 REINER,RICHARD M .00 .00 .00 .000 .250 .300 $296,313.00 N
500067412 GOODMAN,ROBERT K .00 .00 .00 .000 .150 .250 $337,500.00 N
500067413 MELVILLE,NAZITA R .00 .00 .00 .000 .250 .300 $499,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 15
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
500067415 DIGGS,EVERETT T JR 63 WHITTREDGE ROAD SUMMIT NJ 07901 $531,124.87
500067418 HOWE,RICHARD R 10528 LONGWOOD DRIVE LAS VEGAS NV 89134 $337,755.37
500067423 MALONE,RICHARD P 200 HAWS LANE FLOURTOWN PA 19031 $449,690.32
500067424 GORMLEY,VICKI L 133 GREENBRIAR DR. WEXFORD PA 15090 $311,238.31
500067425 ARNS,JOANNE 3117 PUENTE STREET FULLERTON CA 92835 $285,393.29
500067427 STEWART,WALTER S 2649 MISSION GREENS DRIVE SAN JOSE CA 95148 $267,801.11
500067434 QUARRE,RICHARD G 13707 SE 51ST PLACE BELLEVUE WA 98006 $404,691.83
500067435 RAMIN,RONALD 21 WEATHERLY DRIVE MILL VALLEY CA 94941 $691,460.17
500067436 MCFADDEN,ROBERT B 220 MARIN OAKS DRIVE NOVATO CA 94949 $299,793.54
500067456 WEINBERG,RICHARD 10221 STONYDALE DRIVE CUPERTINO CA 95014 $507,613.45
500067461 GAIDA,JOHN B 3 ALCORN CROSSING WESTFORD MA 01886 $314,788.64
500067462 COONEY,TERRENCE J 615 W. PARK STREET ARLINGTON HEIGH IL 60005 $325,570.06
500067463 SILVER,JAMES M 10 GRIST MILL LANE NORTHBORO MA 01532 $314,000.00
600085748 NUNNELLEY, PAUL R 920 E CATHEDRAL ROCK PHOENIX AZ 85048 $229,034.58
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
500067415 DIGGS,EVERETT T JR 7.750 .150 7.600 .1000 7.500 01/01/2028
500067418 HOWE,RICHARD R 7.625 .150 7.475 .1000 7.375 01/01/2028
500067423 MALONE,RICHARD P 7.875 .150 7.725 .1000 7.625 01/01/2028
500067424 GORMLEY,VICKI L 6.875 .150 6.725 .1000 6.625 01/01/2028
500067425 ARNS,JOANNE 7.625 .150 7.475 .1000 7.375 01/01/2028
500067427 STEWART,WALTER S 7.500 .150 7.350 .1000 7.250 01/01/2028
500067434 QUARRE,RICHARD G 7.375 .150 7.225 .1000 7.125 01/01/2028
500067435 RAMIN,RONALD 7.250 .150 7.100 .1000 7.000 01/01/2028
500067436 MCFADDEN,ROBERT B 7.875 .150 7.725 .1000 7.625 01/01/2028
500067456 WEINBERG,RICHARD 7.375 .250 7.125 .0500 7.075 01/01/2028
500067461 GAIDA,JOHN B 8.000 .150 7.850 .1000 7.750 01/01/2028
500067462 COONEY,TERRENCE J 7.750 .150 7.600 .1000 7.500 01/01/2028
500067463 SILVER,JAMES M 8.000 .150 7.850 .1000 7.750 02/01/2028
600085748 NUNNELLEY, PAUL R 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
500067415 DIGGS,EVERETT T JR 092467996 $3,807.73 02/01/1998 360
500067418 HOWE,RICHARD R 092469779 $2,392.34 02/01/1998 360
500067423 MALONE,RICHARD P 092471903 $3,262.81 02/01/1998 360
500067424 GORMLEY,VICKI L 092471955 $2,046.33 3 02/01/1998 360
500067425 ARNS,JOANNE 092472114 $2,021.46 02/01/1998 360
500067427 STEWART,WALTER S 092472334 $1,873.89 02/01/1998 360
500067434 QUARRE,RICHARD G 092475454 $2,797.23 12 02/01/1998 360
500067435 RAMIN,RONALD 092475748 $4,720.66 02/01/1998 360
500067436 MCFADDEN,ROBERT B 092476521 $2,175.21 02/01/1998 360
500067456 WEINBERG,RICHARD 092470712 $3,508.63 02/01/1998 360
500067461 GAIDA,JOHN B 092473214 $2,311.36 02/01/1998 360
500067462 COONEY,TERRENCE J 092474981 $2,334.07 12 02/01/1998 360
500067463 SILVER,JAMES M 092475207 $2,304.02 33 02/01/1998 360
600085748 NUNNELLEY, PAUL R 1200003366 $1,667.66 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500067415 DIGGS,EVERETT T JR .00 .00 .00 .000 .150 .250 $664,450.00 N
500067418 HOWE,RICHARD R 5.00 .00 12.38 2.750 2.600 2.500 $436,629.00 N
500067423 MALONE,RICHARD P .00 .00 .00 .000 .150 .250 $575,000.00 N
500067424 GORMLEY,VICKI L .00 .00 .00 .000 .150 .250 $372,000.00 N
500067425 ARNS,JOANNE .00 .00 .00 .000 .150 .250 $700,000.00 N
500067427 STEWART,WALTER S .00 .00 .00 .000 .150 .250 $335,000.00 N
500067434 QUARRE,RICHARD G .00 .00 .00 .000 .150 .250 $450,000.00 N
500067435 RAMIN,RONALD .00 .00 .00 .000 .150 .250 $939,000.00 N
500067436 MCFADDEN,ROBERT B .00 .00 .00 .000 .150 .250 $375,000.00 N
500067456 WEINBERG,RICHARD .00 .00 .00 .000 .250 .300 $635,000.00 N
500067461 GAIDA,JOHN B .00 .00 .00 .000 .150 .250 $430,000.00 N
500067462 COONEY,TERRENCE J .00 .00 .00 .000 .150 .250 $362,000.00 N
500067463 SILVER,JAMES M .00 .00 .00 .000 .150 .250 $377,000.00 N
600085748 NUNNELLEY, PAUL R .00 .00 .00 .000 .250 .290 $345,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 16
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085755 MARKS, ALLAN T 10334 BANNOCKBURN DR LOS ANGELES CA 90064 $517,344.29
600085756 BROWMAN, TAYLOR E 1319 ANTIGUA WAY NEWPORT BEACH CA 92660 $298,588.28
600085762 ADAMS, THOMAS L 425 STEELE ST DENVER CO 80206 $454,873.63
600085763 GRUBER, CAROLYN 2566 SOUTH CLAYTON ST DENVER CO 80210 $298,954.07
600085767 YATES, KATHLEEN B 20249 VIEWCREST DRIVE SAN JOSE CA 95120 $713,752.84
600085768 TABING, RANDY T 310 PARK AVENUE SAN CARLOS CA 94070 $414,549.64
600085770 SNELLING, WILLIAM T 12268 SE 162ND AVENUE CLACKAMAS OR 97015 $249,349.73
600085781 MONSOUR, CHRISTOPHER J 566 SHELDEN ROAD GROSSE POINTE MI 48236 $248,762.05
600085783 LOPEZ, PEDRO F 725 VILLABELLA AVENU CORAL GABLES FL 33146 $470,018.76
600085798 CHOW, WINNIE S 3362 LA MESA DRIVE 5 SAN CARLOS CA 94070 $241,980.00
600085801 WORSHAM, WILLIAM EVERET 7616 PRIMAVERA WAY CARLSBAD CA 92009 $269,862.46
600085802 DENARI, NEIL M 11906 LAWLER STREET LOS ANGELES CA 90066 $250,942.25
600085803 GORIN, DMITRY 317 SANTIAGO STREET SAN FRANCISCO CA 94116 $350,522.51
600085804 MOORE, DAVID M 23 BAKER STREET SAN FRANCISCO CA 94117 $428,195.07
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085755 MARKS, ALLAN T 7.875 .250 7.625 .0400 7.585 08/01/2027
600085756 BROWMAN, TAYLOR E 7.875 .250 7.625 .0400 7.585 09/01/2027
600085762 ADAMS, THOMAS L 7.875 .250 7.625 .0400 7.585 08/01/2027
600085763 GRUBER, CAROLYN 7.875 .250 7.625 .0400 7.585 09/01/2027
600085767 YATES, KATHLEEN B 7.875 .250 7.625 .0400 7.585 09/01/2027
600085768 TABING, RANDY T 7.875 .250 7.625 .0400 7.585 09/01/2027
600085770 SNELLING, WILLIAM T 7.875 .250 7.625 .0400 7.585 08/01/2017
600085781 MONSOUR, CHRISTOPHER J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085783 LOPEZ, PEDRO F 7.875 .250 7.625 .0400 7.585 08/01/2027
600085798 CHOW, WINNIE S 7.875 .250 7.625 .0400 7.585 08/01/2027
600085801 WORSHAM, WILLIAM EVERET 7.875 .250 7.625 .0400 7.585 08/01/2027
600085802 DENARI, NEIL M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085803 GORIN, DMITRY 7.875 .250 7.625 .0400 7.585 08/01/2027
600085804 MOORE, DAVID M 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085755 MARKS, ALLAN T 1233013503 $3,770.36 02/01/1998 360
600085756 BROWMAN, TAYLOR E 1236004597 $2,175.21 02/01/1998 360
600085762 ADAMS, THOMAS L 1463006770 $3,312.05 02/01/1998 360
600085763 GRUBER, CAROLYN 1463007525 $2,175.21 02/01/1998 360
600085767 YATES, KATHLEEN B 1489006506 $5,193.31 02/01/1998 360
600085768 TABING, RANDY T 1489007564 $3,016.29 02/01/1998 360
600085770 SNELLING, WILLIAM T 1493004672 $2,088.27 02/01/1998 240
600085781 MONSOUR, CHRISTOPHER J 1500352270 $1,812.68 02/01/1998 360
600085783 LOPEZ, PEDRO F 1500355187 $3,422.33 02/01/1998 360
600085798 CHOW, WINNIE S 1506277304 $1,761.92 14 02/01/1998 360
600085801 WORSHAM, WILLIAM EVERET 1506284343 $1,964.94 14 02/01/1998 360
600085802 DENARI, NEIL M 1506288628 $1,827.17 02/01/1998 360
600085803 GORIN, DMITRY 1506288719 $2,552.24 02/01/1998 360
600085804 MOORE, DAVID M 1506290186 $3,117.80 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085755 MARKS, ALLAN T .00 .00 .00 .000 .250 .290 $667,000.00 N
600085756 BROWMAN, TAYLOR E .00 .00 .00 .000 .250 .290 $724,000.00 N
600085762 ADAMS, THOMAS L .00 .00 .00 .000 .250 .290 $570,989.00 N
600085763 GRUBER, CAROLYN .00 .00 .00 .000 .250 .290 $429,000.00 N
600085767 YATES, KATHLEEN B .00 .00 .00 .000 .250 .290 $955,000.00 N
600085768 TABING, RANDY T .00 .00 .00 .000 .250 .290 $520,000.00 N
600085770 SNELLING, WILLIAM T .00 .00 .00 .000 .250 .290 $392,000.00 N
600085781 MONSOUR, CHRISTOPHER J .00 .00 .00 .000 .250 .290 $700,000.00 N
600085783 LOPEZ, PEDRO F .00 .00 .00 .000 .250 .290 $590,000.00 N
600085798 CHOW, WINNIE S .00 .00 .00 .000 .250 .290 $270,000.00 N
600085801 WORSHAM, WILLIAM EVERET .00 .00 .00 .000 .250 .290 $321,000.00 N
600085802 DENARI, NEIL M .00 .00 .00 .000 .250 .290 $315,000.00 N
600085803 GORIN, DMITRY .00 .00 .00 .000 .250 .290 $440,000.00 N
600085804 MOORE, DAVID M .00 .00 .00 .000 .250 .290 $550,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 17
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085808 MCGUIRE, SHAWN W 1663 CAMBRIA PLACE ESCONDIDO CA 92029 $298,738.34
600085810 STENSRUD, WILLIAM ROSS 1727 KEARSARGE ROAD LA JOLLA CA 92037 $568,603.20
600085811 ERICKSON, JAMES R 210 HAZEL AVENUE MILLBRAE CA 94030 $398,320.98
600085823 FENIJS, JOHANNES J 3213 HIGH BOROUGH DRI VIRGINIA BEACH VA 23452 $245,455.89
600085827 WOLFE, THOMAS E 3869 ROSEGLEN COURT TROY MI 48084 $293,761.71
600085828 LAIDIG, WILLIAM D 310 HEATHWOOD HAMILTON OH 45013 $238,193.48
600085834 TSOZIK, JOSEPH 2904 DARTMOUTH AVENUE LOUISVILLE KY 40205 $94,601.21
600085840 TURMAN, TIMOTHY R 4 MANDARIN CIRCLE TAYLORS SC 29687 $234,013.61
600085844 WERLINGER, GARY L 13724 EAST PONY LANE GILBERT AZ 85296 $330,632.30
600085846 JORDAN, HOWARD T 478 UVEDALE ROAD RIVERSIDE IL 60546 $263,887.69
600085848 ROCHELLE, CLIFFORD C 13414 QUEENSBURY LANE HOUSTON TX 77079 $227,042.95
600085851 SHACK, ERNEST 5440 EAST LUDLO DRIVE PHOENIX AZ 85254 $290,774.28
600085853 FREDELL, PHILLIP E 23434 94TH AVEUNE S KENT WA 98031 $250,687.24
600085857 MCHALE, ROBERT E 6190 CARRIAGE HOUSE W RENO NV 89511 $277,429.77
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085808 MCGUIRE, SHAWN W 7.875 .250 7.625 .0400 7.585 08/01/2027
600085810 STENSRUD, WILLIAM ROSS 7.875 .250 7.625 .0400 7.585 08/01/2027
600085811 ERICKSON, JAMES R 7.875 .250 7.625 .0400 7.585 08/01/2027
600085823 FENIJS, JOHANNES J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085827 WOLFE, THOMAS E 7.875 .250 7.625 .0400 7.585 08/01/2027
600085828 LAIDIG, WILLIAM D 7.875 .250 7.625 .0400 7.585 08/01/2027
600085834 TSOZIK, JOSEPH 7.875 .250 7.625 .0400 7.585 08/01/2027
600085840 TURMAN, TIMOTHY R 7.875 .250 7.625 .0400 7.585 08/01/2027
600085844 WERLINGER, GARY L 8.000 .250 7.750 .0400 7.710 08/01/2027
600085846 JORDAN, HOWARD T 7.875 .250 7.625 .0400 7.585 08/01/2027
600085848 ROCHELLE, CLIFFORD C 7.875 .250 7.625 .0400 7.585 08/01/2027
600085851 SHACK, ERNEST 7.875 .250 7.625 .0400 7.585 08/01/2027
600085853 FREDELL, PHILLIP E 7.875 .250 7.625 .0400 7.585 08/01/2027
600085857 MCHALE, ROBERT E 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085808 MCGUIRE, SHAWN W 1506295554 $2,175.21 02/01/1998 360
600085810 STENSRUD, WILLIAM ROSS 1506297470 $4,140.15 02/01/1998 360
600085811 ERICKSON, JAMES R 1506301624 $2,900.28 02/01/1998 360
600085823 FENIJS, JOHANNES J 1507277955 $1,790.93 02/01/1998 360
600085827 WOLFE, THOMAS E 1507292358 $2,138.96 02/01/1998 360
600085828 LAIDIG, WILLIAM D 1507294364 $1,734.37 02/01/1998 360
600085834 TSOZIK, JOSEPH 1511156229 $688.82 02/01/1998 360
600085840 TURMAN, TIMOTHY R 1511161262 $1,703.91 02/01/1998 360
600085844 WERLINGER, GARY L 1512041663 $2,436.10 02/01/1998 360
600085846 JORDAN, HOWARD T 1512136114 $1,921.43 12 02/01/1998 360
600085848 ROCHELLE, CLIFFORD C 1512140166 $1,653.16 02/01/1998 360
600085851 SHACK, ERNEST 1512156508 $2,117.21 02/01/1998 360
600085853 FREDELL, PHILLIP E 1513154177 $1,825.36 12 02/01/1998 360
600085857 MCHALE, ROBERT E 1513159217 $2,021.49 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085808 MCGUIRE, SHAWN W .00 .00 .00 .000 .250 .290 $400,000.00 N
600085810 STENSRUD, WILLIAM ROSS .00 .00 .00 .000 .250 .290 $950,000.00 N
600085811 ERICKSON, JAMES R .00 .00 .00 .000 .250 .290 $536,000.00 N
600085823 FENIJS, JOHANNES J .00 .00 .00 .000 .250 .290 $339,800.00 N
600085827 WOLFE, THOMAS E .00 .00 .00 .000 .250 .290 $372,220.00 N
600085828 LAIDIG, WILLIAM D .00 .00 .00 .000 .250 .290 $299,000.00 N
600085834 TSOZIK, JOSEPH .00 .00 .00 .000 .250 .290 $125,000.00 N
600085840 TURMAN, TIMOTHY R .00 .00 .00 .000 .250 .290 $300,000.00 N
600085844 WERLINGER, GARY L .00 .00 .00 .000 .250 .290 $430,000.00 N
600085846 JORDAN, HOWARD T .00 .00 .00 .000 .250 .290 $280,000.00 N
600085848 ROCHELLE, CLIFFORD C .00 .00 .00 .000 .250 .290 $285,000.00 N
600085851 SHACK, ERNEST .00 .00 .00 .000 .250 .290 $370,000.00 N
600085853 FREDELL, PHILLIP E .00 .00 .00 .000 .250 .290 $265,000.00 N
600085857 MCHALE, ROBERT E .00 .00 .00 .000 .250 .290 $348,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 18
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085858 BERNSTEIN, LEONARD C 34790 STAGECOACH BOULE EVERGREEN CO 80439 $298,771.96
600085860 SLIGER, DALE E 3820 CASHILL BOULEVAR RENO NV 89509 $241,233.16
600085864 ZENTNER, KEITH M 1622 35TH AVENUE SEATTLE WA 98122 $246,959.04
600085866 EINBERGER, CARL M 832 36TH AVENUE SEATTLE WA 98122 $356,497.28
600085868 HAWKINS, JAMES M 3223 111TH AVENUE SOU BELLEVUE WA 98004 $239,161.37
600085869 ALBRECHT, HANS W 8690 W AZURE DRIVE LAS VEGAS NV 89129 $236,503.08
600085870 EASON, J CLARK 3503 NEEDLES DRIVE AUSTIN TX 78746 $302,541.52
600085871 ROACH, PAULA 4207 DUNNING LANE AUSTIN TX 78746 $307,922.72
600085875 DIXON, JIMMY D 3901 EDGEBROOK COURT MIDLAND TX 79707 $237,170.21
600085876 BAGINSKI, STEVEN EDWARD 3053 HIGH RIDGE DRIVE GRAPEVINE TX 76051 $231,026.19
600085879 WURSTER, JOHN P 6500 SWALLOWSVIEW COU ROCKLIN CA 95677 $240,841.09
600085881 FOWLER, STEVEN R 8822 BARRISTER LANE FAIR OAKS CA 95628 $293,273.93
600085883 WEBER, KENNETH A 4 STANTON WAY MILL VALLEY CA 94941 $695,319.08
600085884 MOHAN, SUNIL K 18400 OVERLOOK ROAD 31 LOS GATOS CA 95030 $350,772.75
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085858 BERNSTEIN, LEONARD C 8.000 .250 7.750 .0400 7.710 08/01/2027
600085860 SLIGER, DALE E 7.875 .250 7.625 .0400 7.585 08/01/2027
600085864 ZENTNER, KEITH M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085866 EINBERGER, CARL M 7.875 .250 7.625 .0400 7.585 08/01/2027
600085868 HAWKINS, JAMES M 7.875 .250 7.625 .0400 7.585 09/01/2027
600085869 ALBRECHT, HANS W 7.875 .250 7.625 .0400 7.585 08/01/2027
600085870 EASON, J CLARK 7.875 .250 7.625 .0400 7.585 09/01/2027
600085871 ROACH, PAULA 7.875 .250 7.625 .0400 7.585 09/01/2027
600085875 DIXON, JIMMY D 7.875 .250 7.625 .0400 7.585 09/01/2027
600085876 BAGINSKI, STEVEN EDWARD 7.875 .250 7.625 .0400 7.585 08/01/2027
600085879 WURSTER, JOHN P 7.875 .250 7.625 .0400 7.585 09/01/2027
600085881 FOWLER, STEVEN R 7.875 .250 7.625 .0400 7.585 09/01/2027
600085883 WEBER, KENNETH A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085884 MOHAN, SUNIL K 7.875 .250 7.625 .0400 7.585 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085858 BERNSTEIN, LEONARD C 1513163247 $2,201.29 02/01/1998 360
600085860 SLIGER, DALE E 1513165344 $1,756.48 12 02/01/1998 360
600085864 ZENTNER, KEITH M 1513166700 $1,798.17 02/01/1998 360
600085866 EINBERGER, CARL M 1513167769 $2,595.75 02/01/1998 360
600085868 HAWKINS, JAMES M 1513174946 $1,740.17 02/01/1998 360
600085869 ALBRECHT, HANS W 1513176384 $1,722.04 12 02/01/1998 360
600085870 EASON, J CLARK 1520012886 $2,201.31 02/01/1998 360
600085871 ROACH, PAULA 1520013222 $2,240.46 02/01/1998 360
600085875 DIXON, JIMMY D 1524010260 $1,725.67 02/01/1998 360
600085876 BAGINSKI, STEVEN EDWARD 1525006687 $1,682.16 02/01/1998 360
600085879 WURSTER, JOHN P 1550004515 $1,752.49 02/01/1998 360
600085881 FOWLER, STEVEN R 1550012070 $2,133.88 02/01/1998 360
600085883 WEBER, KENNETH A 1561353323 $5,062.80 02/01/1998 360
600085884 MOHAN, SUNIL K 1561356886 $2,552.25 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085858 BERNSTEIN, LEONARD C .00 .00 .00 .000 .250 .290 $392,000.00 N
600085860 SLIGER, DALE E .00 .00 .00 .000 .250 .290 $285,000.00 N
600085864 ZENTNER, KEITH M .00 .00 .00 .000 .250 .290 $310,000.00 N
600085866 EINBERGER, CARL M .00 .00 .00 .000 .250 .290 $520,000.00 N
600085868 HAWKINS, JAMES M .00 .00 .00 .000 .250 .290 $460,000.00 N
600085869 ALBRECHT, HANS W .00 .00 .00 .000 .250 .290 $250,000.00 N
600085870 EASON, J CLARK .00 .00 .00 .000 .250 .290 $379,500.00 N
600085871 ROACH, PAULA .00 .00 .00 .000 .250 .290 $509,000.00 N
600085875 DIXON, JIMMY D .00 .00 .00 .000 .250 .290 $297,779.00 N
600085876 BAGINSKI, STEVEN EDWARD .00 .00 .00 .000 .250 .290 $290,000.00 N
600085879 WURSTER, JOHN P .00 .00 .00 .000 .250 .290 $302,206.00 N
600085881 FOWLER, STEVEN R .00 .00 .00 .000 .250 .290 $367,900.00 N
600085883 WEBER, KENNETH A .00 .00 .00 .000 .250 .290 $931,000.00 N
600085884 MOHAN, SUNIL K .00 .00 .00 .000 .250 .290 $440,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 19
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085885 RUSCITTI, ANTONIO D 528 MT DAVIDSON COUR CLAYTON CA 94517 $237,147.89
600085889 CHANG, WEN 860 KEARNY TERRACE SUNNYVALE CA 94086 $334,828.53
600085890 GOLDSTEIN, BETH 728 730 8TH AVENUE SAN FRANCISCO CA 94118 $333,593.79
600085893 ROYER, KENNETH J 15705 DREAM SKY WAY NEVADA CITY CA 95959 $260,501.88
600085896 STEPHENS, PAMELA A 1325 ENOS AVENUE SEBASTOPOL CA 95472 $263,853.55
600085897 BROWN, MICHAEL P 17321 LAKEVIEW DRIVE MORGAN HILL CA 95037 $309,228.94
600085898 ESLAMI, HASSAN 2769 CALLE DE LA LOMA PLEASANTON CA 94566 $368,446.90
600085899 DI, MURO PETER 16 HALLMARK CIRCLE MENLO PARK CA 94025 $463,048.11
600085900 HANNEMAN, MARTIN W 4745 DICKENS DRIVE GRANITE BAY CA 95746 $234,379.96
600085901 CANAL, ALFRED G 1884 MCDANIEL AVENUE SAN JOSE CA 95126 $336,422.96
600085902 WILEY, BARRY 1156 LA ROCHELLE TERR SUNNYVALE CA 94089 $271,051.69
600085904 BROWN, GEOFFREY 723 GILBERT AVENUE MENLO PARK CA 94025 $282,566.52
600085906 ONG, ENG CHAI 10590 BAXTER AVENUE LOS ALTOS CA 94024 $308,993.75
600085910 YABUT, GREGORIO C 4217 REMORA DRIVE UNION CITY CA 94587 $262,891.82
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085885 RUSCITTI, ANTONIO D 7.875 .250 7.625 .0400 7.585 08/01/2027
600085889 CHANG, WEN 7.875 .250 7.625 .0400 7.585 09/01/2027
600085890 GOLDSTEIN, BETH 7.875 .250 7.625 .0400 7.585 08/01/2027
600085893 ROYER, KENNETH J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085896 STEPHENS, PAMELA A 7.875 .250 7.625 .0400 7.585 08/01/2027
600085897 BROWN, MICHAEL P 8.000 .250 7.750 .0400 7.710 08/01/2027
600085898 ESLAMI, HASSAN 7.875 .250 7.625 .0400 7.585 08/01/2027
600085899 DI, MURO PETER 7.875 .250 7.625 .0400 7.585 08/01/2027
600085900 HANNEMAN, MARTIN W 7.875 .250 7.625 .0400 7.585 09/01/2027
600085901 CANAL, ALFRED G 7.875 .250 7.625 .0400 7.585 09/01/2027
600085902 WILEY, BARRY 7.875 .250 7.625 .0400 7.585 09/01/2027
600085904 BROWN, GEOFFREY 7.875 .250 7.625 .0400 7.585 09/01/2027
600085906 ONG, ENG CHAI 7.875 .250 7.625 .0400 7.585 08/01/2027
600085910 YABUT, GREGORIO C 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085885 RUSCITTI, ANTONIO D 1561358553 $1,739.45 02/01/1998 360
600085889 CHANG, WEN 1561361150 $2,436.24 02/01/1998 360
600085890 GOLDSTEIN, BETH 1561361503 $2,428.99 02/01/1998 360
600085893 ROYER, KENNETH J 1561361707 $1,896.79 02/01/1998 360
600085896 STEPHENS, PAMELA A 1561362018 $1,928.69 02/01/1998 360
600085897 BROWN, MICHAEL P 1561362110 $2,278.34 02/01/1998 360
600085898 ESLAMI, HASSAN 1561362142 $2,682.76 02/01/1998 360
600085899 DI, MURO PETER 1561362153 $3,371.58 02/01/1998 360
600085900 HANNEMAN, MARTIN W 1561362277 $1,705.37 02/01/1998 360
600085901 CANAL, ALFRED G 1561362572 $2,447.84 02/01/1998 360
600085902 WILEY, BARRY 1561362594 $1,972.19 02/01/1998 360
600085904 BROWN, GEOFFREY 1561362903 $2,060.65 02/01/1998 360
600085906 ONG, ENG CHAI 1561362970 $2,276.72 02/01/1998 360
600085910 YABUT, GREGORIO C 1561363564 $1,914.19 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085885 RUSCITTI, ANTONIO D .00 .00 .00 .000 .250 .290 $299,900.00 N
600085889 CHANG, WEN .00 .00 .00 .000 .250 .290 $420,000.00 N
600085890 GOLDSTEIN, BETH .00 .00 .00 .000 .250 .290 $515,000.00 N
600085893 ROYER, KENNETH J .00 .00 .00 .000 .250 .290 $327,000.00 N
600085896 STEPHENS, PAMELA A .00 .00 .00 .000 .250 .290 $495,000.00 N
600085897 BROWN, MICHAEL P .00 .00 .00 .000 .250 .290 $390,000.00 N
600085898 ESLAMI, HASSAN .00 .00 .00 .000 .250 .290 $505,000.00 N
600085899 DI, MURO PETER .00 .00 .00 .000 .250 .290 $765,000.00 N
600085900 HANNEMAN, MARTIN W .00 .00 .00 .000 .250 .290 $294,000.00 N
600085901 CANAL, ALFRED G .00 .00 .00 .000 .250 .290 $422,000.00 N
600085902 WILEY, BARRY .00 .00 .00 .000 .250 .290 $340,000.00 N
600085904 BROWN, GEOFFREY .00 .00 .00 .000 .250 .290 $485,000.00 N
600085906 ONG, ENG CHAI .00 .00 .00 .000 .250 .290 $540,000.00 N
600085910 YABUT, GREGORIO C .00 .00 .00 .000 .250 .290 $330,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 20
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085911 GUNKEL, MARCUS MAX 530 SILVER AVENUE HALF MOON BAY CA 94019 $445,855.94
600085914 CORRALES, EUGENIA M 1444 ARBOR AVENUE LOS ALTOS CA 94024 $518,187.01
600085915 LINDEN, JED 1330 8TH AVENUE SAN FRANCISCO CA 94122 $237,170.21
600085916 WEXLER, LEWIS 805 TOLMAN DRIVE STANFORD CA 94305 $318,884.30
600085918 MEEKS, KEVIN S 1180 BENT DRIVE CAMPBELL CA 95008 $309,467.25
600085919 FOLEY, PATRICK L 400 KAREN COURT AROMAS CA 95004 $263,577.83
600085921 TOWNLEY, TIMOTHY EDWARD 101 EUNICE AVENUE MOUNTAIN VIEW CA 94040 $271,834.56
600085923 CURTIS, MICHAEL C 2216 GLEN CANYON ROAD SANTA CRUZ CA 95060 $538,914.51
600085924 OKAS, ROBERT P 3009 GOODWIN AVENUE REDWOOD CITY CA 94061 $298,555.46
600085925 VEACO, SR NICOLAS 6273 CROOKED STICK CI STOCKTON CA 95219 $589,936.00
600085926 VAN, NOORDEN DAVID 20620 BLAUER DRIVE SARATOGA CA 95070 $494,333.92
600085928 KULKARNI, KRISHNA G 1467 PETAL WAY SAN JOSE CA 95129 $353,164.39
600085930 SANDERS, G STEVEN 26880 GLEN PLACE CARMEL CA 93923 $502,242.84
600085937 THOMPSON, CHARLES H 1808 BOOMER TRAIL EDMOND OK 73034 $255,605.69
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085911 GUNKEL, MARCUS MAX 7.875 .250 7.625 .0400 7.585 08/01/2027
600085914 CORRALES, EUGENIA M 7.875 .250 7.625 .0400 7.585 09/01/2027
600085915 LINDEN, JED 7.875 .250 7.625 .0400 7.585 09/01/2027
600085916 WEXLER, LEWIS 7.875 .250 7.625 .0400 7.585 09/01/2027
600085918 MEEKS, KEVIN S 7.875 .250 7.625 .0400 7.585 09/01/2027
600085919 FOLEY, PATRICK L 7.875 .250 7.625 .0400 7.585 09/01/2027
600085921 TOWNLEY, TIMOTHY EDWARD 7.875 .250 7.625 .0400 7.585 09/01/2027
600085923 CURTIS, MICHAEL C 7.875 .250 7.625 .0400 7.585 09/01/2027
600085924 OKAS, ROBERT P 7.875 .250 7.625 .0400 7.585 09/01/2027
600085925 VEACO, SR NICOLAS 7.875 .250 7.625 .0400 7.585 09/01/2027
600085926 VAN, NOORDEN DAVID 7.875 .250 7.625 .0400 7.585 09/01/2027
600085928 KULKARNI, KRISHNA G 7.875 .250 7.625 .0400 7.585 09/01/2027
600085930 SANDERS, G STEVEN 7.875 .250 7.625 .0400 7.585 09/01/2027
600085937 THOMPSON, CHARLES H 7.875 .250 7.625 .0400 7.585 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085911 GUNKEL, MARCUS MAX 1561363757 $3,248.32 02/01/1998 360
600085914 CORRALES, EUGENIA M 1561363881 $3,770.37 02/01/1998 360
600085915 LINDEN, JED 1561363906 $1,725.67 02/01/1998 360
600085916 WEXLER, LEWIS 1561363939 $2,320.23 02/01/1998 360
600085918 MEEKS, KEVIN S 1561364090 $2,251.71 02/01/1998 360
600085919 FOLEY, PATRICK L 1561364115 $1,917.81 02/01/1998 360
600085921 TOWNLEY, TIMOTHY EDWARD 1561364454 $2,008.45 02/01/1998 360
600085923 CURTIS, MICHAEL C 1561364920 $3,921.18 02/01/1998 360
600085924 OKAS, ROBERT P 1561365049 $2,172.31 02/01/1998 360
600085925 VEACO, SR NICOLAS 1561365050 $4,292.42 02/01/1998 360
600085926 VAN, NOORDEN DAVID 1561365140 $3,614.48 02/01/1998 360
600085928 KULKARNI, KRISHNA G 1561365912 $2,569.65 02/01/1998 360
600085930 SANDERS, G STEVEN 1561367033 $3,654.35 02/01/1998 360
600085937 THOMPSON, CHARLES H 1563164831 $1,859.81 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085911 GUNKEL, MARCUS MAX .00 .00 .00 .000 .250 .290 $560,000.00 N
600085914 CORRALES, EUGENIA M .00 .00 .00 .000 .250 .290 $650,000.00 N
600085915 LINDEN, JED .00 .00 .00 .000 .250 .290 $385,000.00 N
600085916 WEXLER, LEWIS .00 .00 .00 .000 .250 .290 $635,000.00 N
600085918 MEEKS, KEVIN S .00 .00 .00 .000 .250 .290 $445,000.00 N
600085919 FOLEY, PATRICK L .00 .00 .00 .000 .250 .290 $339,500.00 N
600085921 TOWNLEY, TIMOTHY EDWARD .00 .00 .00 .000 .250 .290 $512,000.00 N
600085923 CURTIS, MICHAEL C .00 .00 .00 .000 .250 .290 $676,000.00 N
600085924 OKAS, ROBERT P .00 .00 .00 .000 .250 .290 $374,500.00 N
600085925 VEACO, SR NICOLAS .00 .00 .00 .000 .250 .290 $740,000.00 N
600085926 VAN, NOORDEN DAVID .00 .00 .00 .000 .250 .290 $720,000.00 N
600085928 KULKARNI, KRISHNA G .00 .00 .00 .000 .250 .290 $445,000.00 N
600085930 SANDERS, G STEVEN .00 .00 .00 .000 .250 .290 $630,000.00 N
600085937 THOMPSON, CHARLES H .00 .00 .00 .000 .250 .290 $270,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 21
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085943 LYDON, MATTHEW J 4376 NE 43RD STREET SEATTLE WA 98105 $273,676.38
600085944 GRAAP, RICHARD J 4609 RIVERVIEW AVE WEST LINN OR 97068 $144,988.78
600085946 GORANSON, ULF G NE 6901 NORTHSHORE ROA BELFAIR WA 98528 $268,932.49
600085947 RUPPRECHT, J SCOTT 10447 35TH AVE SW SEATTLE WA 98146 $262,680.95
600085949 BALMES, BRIAN J 760 QUARTERPATH LANE ALPHARETTA GA 30201 $282,807.90
600085951 STRANG, BRUCE D 6740 MORGAN CREEK ROA CENTERVILLE TN 37033 $55,809.59
600085953 POLICH, JR THEODORE 510 LINDA VISTA AVEN PASADENA CA 91105 $258,861.59
600085958 LAWRENCE, RICHARD P 5442 LA CRESENTA RANCHO SANTA FE CA 92067 $647,271.57
600085959 SCURLOCK, BRADLEY WRIGH 4025 CAMINITO CASSIS SAN DIEGO CA 92122 $307,750.08
600085960 HENRY, PAUL J 2595 WOODBURY DRIVE TORRANCE CA 90503 $267,663.52
600085962 TODUS, DONN 5663 CHELSEA AVENUE SAN DIEGO CA 92037 $342,830.38
600085964 KONSTANTUROS, JOHN GEOR 13380 CAMINITO MAR VIL DEL MAR CA 92014 $323,722.69
600085965 ZISKA, MARK D 9732 WILLOW GLENN CIR SANTA ANA AREA CA 92705 $294,967.99
600085967 RIVERS, ROBERT L 1144 WEST MEADOWLARK CORRALES NM 87048 $335,326.80
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085943 LYDON, MATTHEW J 7.875 .250 7.625 .0400 7.585 09/01/2027
600085944 GRAAP, RICHARD J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085946 GORANSON, ULF G 8.000 .250 7.750 .0400 7.710 09/01/2027
600085947 RUPPRECHT, J SCOTT 7.875 .250 7.625 .0400 7.585 09/01/2027
600085949 BALMES, BRIAN J 7.875 .250 7.625 .0400 7.585 08/01/2027
600085951 STRANG, BRUCE D 8.000 .250 7.750 .0400 7.710 09/01/2027
600085953 POLICH, JR THEODORE 7.875 .250 7.625 .0400 7.585 09/01/2027
600085958 LAWRENCE, RICHARD P 7.875 .250 7.625 .0400 7.585 08/01/2027
600085959 SCURLOCK, BRADLEY WRIGH 8.000 .250 7.750 .0400 7.710 09/01/2027
600085960 HENRY, PAUL J 7.875 .250 7.625 .0400 7.585 09/01/2027
600085962 TODUS, DONN 8.000 .250 7.750 .0400 7.710 09/01/2027
600085964 KONSTANTUROS, JOHN GEOR 7.875 .250 7.625 .0400 7.585 09/01/2027
600085965 ZISKA, MARK D 7.875 .250 7.625 .0400 7.585 09/01/2027
600085967 RIVERS, ROBERT L 7.875 .250 7.625 .0400 7.585 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085943 LYDON, MATTHEW J 1565164854 $1,997.57 02/01/1998 360
600085944 GRAAP, RICHARD J 1565165303 $1,055.71 02/01/1998 360
600085946 GORANSON, ULF G 1565167411 $1,980.07 02/01/1998 360
600085947 RUPPRECHT, J SCOTT 1565167433 $1,911.29 02/01/1998 360
600085949 BALMES, BRIAN J 1566103491 $2,059.20 02/01/1998 360
600085951 STRANG, BRUCE D 1566104745 $410.91 02/01/1998 360
600085953 POLICH, JR THEODORE 1567193445 $1,885.19 02/01/1998 360
600085958 LAWRENCE, RICHARD P 1567198824 $4,712.96 02/01/1998 360
600085959 SCURLOCK, BRADLEY WRIGH 1567198904 $2,265.87 02/01/1998 360
600085960 HENRY, PAUL J 1567199077 $1,947.54 02/01/1998 360
600085962 TODUS, DONN 1567199408 $2,524.16 02/01/1998 360
600085964 KONSTANTUROS, JOHN GEOR 1567200788 $2,356.48 02/01/1998 360
600085965 ZISKA, MARK D 1567201317 $2,146.21 02/01/1998 360
600085967 RIVERS, ROBERT L 1569170418 $2,439.86 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085943 LYDON, MATTHEW J .00 .00 .00 .000 .250 .290 $430,000.00 N
600085944 GRAAP, RICHARD J .00 .00 .00 .000 .250 .290 $182,000.00 N
600085946 GORANSON, ULF G .00 .00 .00 .000 .250 .290 $385,000.00 N
600085947 RUPPRECHT, J SCOTT .00 .00 .00 .000 .250 .290 $329,500.00 N
600085949 BALMES, BRIAN J .00 .00 .00 .000 .250 .290 $355,000.00 N
600085951 STRANG, BRUCE D .00 .00 .00 .000 .250 .290 $70,000.00 N
600085953 POLICH, JR THEODORE .00 .00 .00 .000 .250 .290 $325,000.00 N
600085958 LAWRENCE, RICHARD P .00 .00 .00 .000 .250 .290 $822,500.00 N
600085959 SCURLOCK, BRADLEY WRIGH .00 .00 .00 .000 .250 .290 $386,000.00 N
600085960 HENRY, PAUL J .00 .00 .00 .000 .250 .290 $360,000.00 N
600085962 TODUS, DONN .00 .00 .00 .000 .250 .290 $450,000.00 N
600085964 KONSTANTUROS, JOHN GEOR .00 .00 .00 .000 .250 .290 $525,000.00 N
600085965 ZISKA, MARK D .00 .00 .00 .000 .250 .290 $370,000.00 N
600085967 RIVERS, ROBERT L .00 .00 .00 .000 .250 .290 $386,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 22
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600085969 MOTHERSHEAD, JOHN W 2434 SOUTH LOS ALTOS MESA AZ 85202 $237,907.25
600085973 REINSTEIN, RONALD S 9941 E DOUBLETREE RAN SCOTTSDALE AZ 85258 $248,829.43
600085978 MCGUIRE, JAYNE G 811B S OCEAN BOULEVAR SURFSIDE BEACH SC 29575 $422,521.73
600085986 GALIN, SCOTT 5 FLETCHER AVENUE LEXINGTON MA 2173 $341,759.41
600085988 SALERNO, NICHOLAS 200 DESIMONE DRIVE MARLBORO MA 1752 $246,160.21
600085990 GAYL, KIRILL 14 RAVENS BLUFF ANDOVER MA 1810 $258,289.56
600085991 NAUD, MARK E 724 LAKE ROAD CHARLOTTE VT 5445 $478,326.47
600085992 SKANDALIS, BETTE 24 RUSSELL STREET CAMBRIDGE MA 2140 $404,295.78
600085999 JOHNS, BRADLEY R 7240 FISHBACK HILL LA INDIANAPOLIS IN 46278 $398,320.98
600086002 WEHRLE, CHRISTOPHER C 7277 WINDRIDGE WAY BROWNSBURG IN 46112 $412,660.54
600086004 NAVE, RICHARD 12948 VICTORIA HUNTINGTON WOOD MI 48070 $229,383.08
600086005 FOLEY, DAVID J 5682 ELSMERE COURT SHELBY TOWNSHIP MI 48316 $150,366.15
600086007 HARTFELDER, DAVID D 4394 CHERRY HILL DRIV ORCHARD LAKE VI MI 48323 $236,771.61
600086011 GEARONIII, WILLIAM A 2624 SKYLINE DRIVE HIGH RIDGE MO 63049 $68,964.69
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600085969 MOTHERSHEAD, JOHN W 7.875 .250 7.625 .0400 7.585 08/01/2027
600085973 REINSTEIN, RONALD S 7.875 .250 7.625 .0400 7.585 09/01/2027
600085978 MCGUIRE, JAYNE G 7.875 .250 7.625 .0400 7.585 09/01/2027
600085986 GALIN, SCOTT 7.875 .250 7.625 .0400 7.585 08/01/2027
600085988 SALERNO, NICHOLAS 8.000 .250 7.750 .0400 7.710 09/01/2027
600085990 GAYL, KIRILL 7.875 .250 7.625 .0400 7.585 08/01/2027
600085991 NAUD, MARK E 7.875 .250 7.625 .0400 7.585 09/01/2027
600085992 SKANDALIS, BETTE 7.875 .250 7.625 .0400 7.585 08/01/2027
600085999 JOHNS, BRADLEY R 7.875 .250 7.625 .0400 7.585 08/01/2027
600086002 WEHRLE, CHRISTOPHER C 7.875 .250 7.625 .0400 7.585 08/01/2027
600086004 NAVE, RICHARD 7.875 .250 7.625 .0400 7.585 08/01/2027
600086005 FOLEY, DAVID J 7.875 .250 7.625 .0400 7.585 08/01/2027
600086007 HARTFELDER, DAVID D 7.875 .250 7.625 .0400 7.585 09/01/2027
600086011 GEARONIII, WILLIAM A 8.000 .250 7.750 .0400 7.710 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600085969 MOTHERSHEAD, JOHN W 1569174510 $1,732.92 12 02/01/1998 360
600085973 REINSTEIN, RONALD S 1569175160 $1,810.50 02/01/1998 360
600085978 MCGUIRE, JAYNE G 1577089610 $3,074.30 02/01/1998 360
600085986 GALIN, SCOTT 1580054873 $2,488.44 02/01/1998 360
600085988 SALERNO, NICHOLAS 1580057339 $1,812.40 12 02/01/1998 360
600085990 GAYL, KIRILL 1580057747 $1,885.19 02/01/1998 360
600085991 NAUD, MARK E 1580057907 $3,480.34 02/01/1998 360
600085992 SKANDALIS, BETTE 1580058014 $2,943.79 02/01/1998 360
600085999 JOHNS, BRADLEY R 1581115634 $2,900.28 02/01/1998 360
600086002 WEHRLE, CHRISTOPHER C 1581116218 $3,004.69 02/01/1998 360
600086004 NAVE, RICHARD 1581116411 $1,670.20 12 02/01/1998 360
600086005 FOLEY, DAVID J 1581116783 $1,094.86 02/01/1998 360
600086007 HARTFELDER, DAVID D 1581119147 $1,722.77 02/01/1998 360
600086011 GEARONIII, WILLIAM A 1583057969 $507.77 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600085969 MOTHERSHEAD, JOHN W .00 .00 .00 .000 .250 .290 $280,000.00 N
600085973 REINSTEIN, RONALD S .00 .00 .00 .000 .250 .290 $428,000.00 N
600085978 MCGUIRE, JAYNE G .00 .00 .00 .000 .250 .290 $530,000.00 N
600085986 GALIN, SCOTT .00 .00 .00 .000 .250 .290 $429,000.00 N
600085988 SALERNO, NICHOLAS .00 .00 .00 .000 .250 .290 $281,000.00 N
600085990 GAYL, KIRILL .00 .00 .00 .000 .250 .290 $450,000.00 N
600085991 NAUD, MARK E .00 .00 .00 .000 .250 .290 $605,000.00 N
600085992 SKANDALIS, BETTE .00 .00 .00 .000 .250 .290 $575,000.00 N
600085999 JOHNS, BRADLEY R .00 .00 .00 .000 .250 .290 $660,000.00 N
600086002 WEHRLE, CHRISTOPHER C .00 .00 .00 .000 .250 .290 $540,000.00 N
600086004 NAVE, RICHARD .00 .00 .00 .000 .250 .290 $242,500.00 N
600086005 FOLEY, DAVID J .00 .00 .00 .000 .250 .290 $193,000.00 N
600086007 HARTFELDER, DAVID D .00 .00 .00 .000 .250 .290 $297,000.00 N
600086011 GEARONIII, WILLIAM A .00 .00 .00 .000 .250 .290 $86,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 23
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600086013 RIERMAIER, MICHAEL J 226 DEER VALLEY DRIV DEER PARK IL 60010 $292,458.33
600086016 MUNO, JAMES B 620 SOUTH HAMLIN AVE PARK RIDGE IL 60068 $376,682.10
600086027 KOTEK, FREDDIE M 17 FERNWOOD DRIVE FAIRLAWN NJ 7410 $290,981.92
600086031 VILORD, LAWRENCE N 3121 SW 22 AVENUE MIAMI FL 33133 $298,101.59
600086035 LONG, JUNIUS L 5204 MISSISSIPPI AVEN ORANGE BEACH AL 36561 $298,451.35
600086041 KIRSCHNER, TODD ROBERT 5316 E VERSAILLE COUR ORANGE CA 92867 $477,579.22
600086043 URANGA, ROBERT H 19541 WINDWARD LANE HUNTINGTON BEAC CA 92646 $298,693.46
600086046 ABDELMALEK, ABDELMALEK 1404 VIA CASTILLA PALOS VERDES ES CA 90274 $497,901.23
600086048 HAMMERLE, WILLIAM L 17611 CHATHAM DRIVE TUSTIN CA 92780 $291,729.30
600086050 GARDNER, ROBERT L 27022 CONDADO LANE MISSION VIEJO CA 92691 $274,833.63
600086051 GALLENSON, JERRY 5038 VISTA MONTANA YORBA LINDA CA 92886 $283,075.32
600086052 GRIMES, JAMES ALEXANDER 11771 LOMA LINDA WAY SANTA ANA AREA CA 92705 $448,431.08
600086055 RIZK, ROBERT C 1350 RANCHO VISTA LAN SANTA PAULA CA 93060 $746,535.81
600086065 SUNG, JULIA 3632 OCEANHILL WAY MALIBU CA 90265 $428,195.07
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600086013 RIERMAIER, MICHAEL J 7.875 .250 7.625 .0400 7.585 09/01/2027
600086016 MUNO, JAMES B 7.875 .250 7.625 .0400 7.585 09/01/2027
600086027 KOTEK, FREDDIE M 7.875 .250 7.625 .0400 7.585 09/01/2027
600086031 VILORD, LAWRENCE N 7.875 .250 7.625 .0400 7.585 08/01/2027
600086035 LONG, JUNIUS L 7.875 .250 7.625 .0400 7.585 08/01/2027
600086041 KIRSCHNER, TODD ROBERT 7.875 .250 7.625 .0400 7.585 08/01/2027
600086043 URANGA, ROBERT H 7.875 .250 7.625 .0400 7.585 08/01/2027
600086046 ABDELMALEK, ABDELMALEK 7.875 .250 7.625 .0400 7.585 08/01/2027
600086048 HAMMERLE, WILLIAM L 7.875 .250 7.625 .0400 7.585 09/01/2027
600086050 GARDNER, ROBERT L 7.875 .250 7.625 .0400 7.585 09/01/2027
600086051 GALLENSON, JERRY 7.875 .250 7.625 .0400 7.585 09/01/2027
600086052 GRIMES, JAMES ALEXANDER 7.875 .250 7.625 .0400 7.585 09/01/2027
600086055 RIZK, ROBERT C 7.875 .250 7.625 .0400 7.585 08/01/2027
600086065 SUNG, JULIA 7.875 .250 7.625 .0400 7.585 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600086013 RIERMAIER, MICHAEL J 1583058178 $2,138.96 02/01/1998 360
600086016 MUNO, JAMES B 1583059002 $2,740.77 1 02/01/1998 360
600086027 KOTEK, FREDDIE M 1587078010 $2,117.21 02/01/1998 360
600086031 VILORD, LAWRENCE N 1589123454 $2,175.21 02/01/1998 360
600086035 LONG, JUNIUS L 1590049360 $2,175.21 14 02/01/1998 360
600086041 KIRSCHNER, TODD ROBERT 1595046041 $3,480.34 02/01/1998 360
600086043 URANGA, ROBERT H 1595046813 $2,175.21 1 02/01/1998 360
600086046 ABDELMALEK, ABDELMALEK 1595047179 $3,625.35 02/01/1998 360
600086048 HAMMERLE, WILLIAM L 1595048284 $2,122.65 1 02/01/1998 360
600086050 GARDNER, ROBERT L 1595048819 $2,001.20 12 02/01/1998 360
600086051 GALLENSON, JERRY 1595049345 $2,073.70 02/01/1998 360
600086052 GRIMES, JAMES ALEXANDER 1595049403 $3,262.82 02/01/1998 360
600086055 RIZK, ROBERT C 1596021352 $5,438.03 02/01/1998 360
600086065 SUNG, JULIA 1596038173 $3,117.80 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600086013 RIERMAIER, MICHAEL J .00 .00 .00 .000 .250 .290 $425,000.00 N
600086016 MUNO, JAMES B .00 .00 .00 .000 .250 .290 $435,000.00 N
600086027 KOTEK, FREDDIE M .00 .00 .00 .000 .250 .290 $365,000.00 N
600086031 VILORD, LAWRENCE N .00 .00 .00 .000 .250 .290 $393,000.00 N
600086035 LONG, JUNIUS L .00 .00 .00 .000 .250 .290 $359,000.00 N
600086041 KIRSCHNER, TODD ROBERT .00 .00 .00 .000 .250 .290 $600,000.00 N
600086043 URANGA, ROBERT H .00 .00 .00 .000 .250 .290 $316,000.00 N
600086046 ABDELMALEK, ABDELMALEK .00 .00 .00 .000 .250 .290 $950,000.00 N
600086048 HAMMERLE, WILLIAM L .00 .00 .00 .000 .250 .290 $345,000.00 N
600086050 GARDNER, ROBERT L .00 .00 .00 .000 .250 .290 $320,000.00 N
600086051 GALLENSON, JERRY .00 .00 .00 .000 .250 .290 $365,000.00 N
600086052 GRIMES, JAMES ALEXANDER .00 .00 .00 .000 .250 .290 $602,000.00 N
600086055 RIZK, ROBERT C .00 .00 .00 .000 .250 .290 $1,170,000.00 N
600086065 SUNG, JULIA .00 .00 .00 .000 .250 .290 $555,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 24
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600086068 RYAN, MICHAEL J 1308 ST WILLIAM DRIVE LIBERTYVILLE IL 60048 $241,332.72
600086069 POWERS, III RAYMOND 4054 CLAUSEN WESTERN SPRINGS IL 60558 $248,721.80
600086070 FURTADO, MANOHAR R 6659 E PRAIRIE LINCOLNWOOD IL 60645 $308,674.14
600086072 ALONZI, JR VINCENT 1100 PEARLMAN DR LAKE ZURICH IL 60047 $228,518.94
600086073 BARTOS, FRANK W 565 TREETOP LN GURNEE IL 60031 $227,205.08
600086075 LINDNER, RANDY L 3909 SOUTH 8TH STREET ARLINGTON VA 22204 $310,912.21
600086076 WHEELER, BLAIR F 9 HARRISON STREET WINCHESTER MA 1890 $470,018.76
600088347 BARRETTO 5474 LARISSA PLACE CARMEL IN 46033 $375,425.50
600088352 GERRITSEN 13746 PRAIRIE HILL DR LOCKPORT IL 60441 $249,123.60
600088353 DUNN 2373 SILVERDOWN DR WATERFORD TWP MI 48328 $254,999.21
600088354 STILLWELL 703 EMERALD DRIVE LAFAYETTE IN 47905 $322,097.51
600101514 WILLIAM E KIPNIS 4238 PAULINA ST CHICAGO IL 60613 $284,219.56
600101523 DAVID R POTHIER 912 DEEP VALLEY MILFORD MI 48381 $258,373.31
600101524 JOSEPH R HAACK 5137 TAMANAR WAY PARADISE VALLEY AZ 85253 $334,293.22
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600086068 RYAN, MICHAEL J 7.875 .250 7.625 .0400 7.585 08/01/2027
600086069 POWERS, III RAYMOND 7.875 .250 7.625 .0400 7.585 09/01/2027
600086070 FURTADO, MANOHAR R 7.875 .250 7.625 .0400 7.585 09/01/2027
600086072 ALONZI, JR VINCENT 7.875 .250 7.625 .0400 7.585 08/01/2027
600086073 BARTOS, FRANK W 7.875 .250 7.625 .0400 7.585 09/01/2027
600086075 LINDNER, RANDY L 7.875 .250 7.625 .0400 7.585 09/01/2027
600086076 WHEELER, BLAIR F 7.875 .250 7.625 .0400 7.585 08/01/2027
600088347 BARRETTO 8.150 .250 7.900 .0500 7.850 09/01/2027
600088352 GERRITSEN 7.900 .250 7.650 .0500 7.600 09/01/2027
600088353 DUNN 7.300 .250 7.050 .0500 7.000 09/01/2027
600088354 STILLWELL 7.850 .250 7.600 .0500 7.550 10/01/2027
600101514 WILLIAM E KIPNIS 7.950 .250 7.700 .0500 7.650 10/01/2027
600101523 DAVID R POTHIER 7.900 .250 7.650 .0500 7.600 10/01/2027
600101524 JOSEPH R HAACK 7.800 .250 7.550 .0500 7.500 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600086068 RYAN, MICHAEL J 1606082045 $1,757.21 02/01/1998 360
600086069 POWERS, III RAYMOND 1609074236 $1,812.67 02/01/1998 360
600086070 FURTADO, MANOHAR R 1614015542 $2,247.72 02/01/1998 360
600086072 ALONZI, JR VINCENT 1627002816 $1,667.66 02/01/1998 360
600086073 BARTOS, FRANK W 1627002871 $1,653.16 02/01/1998 360
600086075 LINDNER, RANDY L 1761112896 $2,262.22 3 02/01/1998 360
600086076 WHEELER, BLAIR F 1811072180 $3,422.33 02/01/1998 360
600088347 BARRETTO 3197100 $2,803.35 02/01/1998 360
600088352 GERRITSEN 3292992 $1,817.02 02/01/1998 360
600088353 DUNN 3295565 $1,755.07 02/01/1998 360
600088354 STILLWELL 3296076 $2,336.38 12 02/01/1998 360
600101514 WILLIAM E KIPNIS 3271632 $2,081.31 02/01/1998 360
600101523 DAVID R POTHIER 3308251 $1,883.09 02/01/1998 360
600101524 JOSEPH R HAACK 3310802 $2,411.57 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600086068 RYAN, MICHAEL J .00 .00 .00 .000 .250 .290 $320,000.00 N
600086069 POWERS, III RAYMOND .00 .00 .00 .000 .250 .290 $355,000.00 N
600086070 FURTADO, MANOHAR R .00 .00 .00 .000 .250 .290 $390,000.00 N
600086072 ALONZI, JR VINCENT .00 .00 .00 .000 .250 .290 $304,000.00 N
600086073 BARTOS, FRANK W .00 .00 .00 .000 .250 .290 $294,033.00 N
600086075 LINDNER, RANDY L .00 .00 .00 .000 .250 .290 $350,000.00 N
600086076 WHEELER, BLAIR F .00 .00 .00 .000 .250 .290 $590,000.00 N
600088347 BARRETTO .00 .00 .00 .000 .250 .300 $470,836.00 N
600088352 GERRITSEN .00 .00 .00 .000 .250 .300 $340,000.00 N
600088353 DUNN .00 .00 .00 .000 .250 .300 $320,000.00 N
600088354 STILLWELL .00 .00 .00 .000 .250 .300 $358,900.00 N
600101514 WILLIAM E KIPNIS .00 .00 .00 .000 .250 .300 $380,000.00 N
600101523 DAVID R POTHIER .00 .00 .00 .000 .250 .300 $354,000.00 N
600101524 JOSEPH R HAACK .00 .00 .00 .000 .250 .300 $690,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 25
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600101528 KENNETH A SULLIVAN 11085 WINDY HILL RD FENTON MI 48430 $249,301.50
600103350 PETERS JOE 186 HORIZON LANE BRECKENRIDG CO 80424 $718,715.54
600103892 LOHSE, WILLIAM 27 LAKE FRONT D GLENBROOK NV 89413 $953,858.29
600103909 ORLANDO, MICHAEL 2285 LA AMATIST DEL MAR CA 92014 $424,815.71
600104715 GIRVAN 525 CRABTREE LANE LAKE FOREST IL 60045 $1,496,554.78
600104716 WALTERS 19336 KERWIN RANCH COURT SARATOGA CA 95070 $911,809.92
600104717 KWAN 26513 WESTON DRIVE LOS ALTOS HILLS CA 94022 $796,641.97
600104718 LIVINGSTON 9476 READCREST BEVERLY HILLS CA 90210 $695,004.27
600104719 PRYNN 22851 TINDAYA MISSION VIEJO CA 92692 $765,864.94
600104720 HEFLIN 2801 FIRETHORN CIR PLANO TX 75093 $837,779.65
600104721 RIOS 123 VALESI DRIVE MORGANVILLE NJ 07751 $747,138.37
600104722 LINDON 11 PLYMOUTH ROAD RYE NY 10580 $685,886.55
600107245 SILVERBERG 5310 N. CAMPBELL AVE. TUCSON AZ 85718 $316,863.21
600107246 CARDINAL 4180 OAK GROVE CT CASTLE ROCK CO 80104 $276,305.69
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600101528 KENNETH A SULLIVAN 7.850 .250 7.600 .0500 7.550 10/01/2027
600103350 PETERS JOE 8.625 .250 8.375 .0500 8.325 11/01/2027
600103892 LOHSE, WILLIAM 7.500 .250 7.250 .0500 7.200 11/01/2027
600103909 ORLANDO, MICHAEL 7.875 .250 7.625 .0500 7.575 10/01/2027
600104715 GIRVAN 7.375 .250 7.125 .0500 7.075 11/01/2027
600104716 WALTERS 7.875 .250 7.625 .0500 7.575 09/01/2027
600104717 KWAN 7.875 .250 7.625 .0500 7.575 08/01/2027
600104718 LIVINGSTON 8.250 .250 8.000 .0500 7.950 10/01/2027
600104719 PRYNN 7.875 .250 7.625 .0500 7.575 10/01/2027
600104720 HEFLIN 8.125 .250 7.875 .0500 7.825 10/01/2027
600104721 RIOS 8.375 .250 8.125 .0500 8.075 10/01/2027
600104722 LINDON 7.375 .250 7.125 .0500 7.075 10/01/2027
600107245 SILVERBERG 7.750 .250 7.500 .0500 7.450 09/01/2027
600107246 CARDINAL 7.750 .250 7.500 .0500 7.450 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600101528 KENNETH A SULLIVAN 3368156 $1,808.34 02/01/1998 360
600103350 PETERS JOE 450889696 $5,600.09 02/01/1998 360
600103892 LOHSE, WILLIAM 1234046 $6,684.49 02/01/1998 360
600103909 ORLANDO, MICHAEL 1240647 $3,088.80 02/01/1998 360
600104715 GIRVAN 5217906 ********* 02/01/1998 360
600104716 WALTERS 6173363 $6,634.39 02/01/1998 360
600104717 KWAN 9920752 $5,800.56 02/01/1998 360
600104718 LIVINGSTON 5464342 $5,234.83 02/01/1998 360
600104719 PRYNN 5497151 $5,568.54 02/01/1998 360
600104720 HEFLIN 5614680 $6,236.98 02/01/1998 360
600104721 RIOS 9314741 $5,696.64 02/01/1998 360
600104722 LINDON 9936840 $4,751.85 02/01/1998 360
600107245 SILVERBERG 092481486 $2,278.19 02/01/1998 360
600107246 CARDINAL 092481481 $1,988.05 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600101528 KENNETH A SULLIVAN .00 .00 .00 .000 .250 .300 $363,000.00 N
600103350 PETERS JOE .00 .00 .00 .000 .250 .300 $900,000.00 N
600103892 LOHSE, WILLIAM .00 .00 .00 .000 .250 .300 $3,215,000.00 N
600103909 ORLANDO, MICHAEL .00 .00 .00 .000 .250 .300 $532,000.00 N
600104715 GIRVAN .00 .00 .00 .000 .250 .300 $2,160,000.00 N
600104716 WALTERS .00 .00 .00 .000 .250 .300 $1,350,000.00 N
600104717 KWAN .00 .00 .00 .000 .250 .300 $1,165,000.00 N
600104718 LIVINGSTON .00 .00 .00 .000 .250 .300 $885,000.00 N
600104719 PRYNN .00 .00 .00 .000 .250 .300 $1,025,000.00 N
600104720 HEFLIN .00 .00 .00 .000 .250 .300 $1,050,000.00 N
600104721 RIOS .00 .00 .00 .000 .250 .300 $938,858.00 N
600104722 LINDON .00 .00 .00 .000 .250 .300 $860,000.00 N
600107245 SILVERBERG .00 .00 .00 .000 .250 .300 $397,500.00 N
600107246 CARDINAL .00 .00 .00 .000 .250 .300 $412,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 26
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107248 MILLER 6126 CHOKECHERRY DR LOVELAND CO 80537 $278,794.99
600107250 ORTEGA 272 BAYBERRY LANE WESTPORT CT 06880 $285,251.96
600107251 NORRIS 94 FITCH RD DARIEN CT 06820 $252,418.90
600107253 SCHATTNER 19874 LOXAHATCHEE POINT D JUPITER FL 33458 $248,950.59
600107254 HAIN 18069 52 WAY NORTH JUPITER FL 33458 $494,270.71
600107255 NEWCOMB 3815 BRANTLEY PLACE CI APOPKA FL 32703 $271,772.82
600107256 SCHNEIDER 3702 BACCURATE WAY MARIETTA GA 30062 $354,549.36
600107257 WRIGHT 3371 SAXONY GLEN MARIETTA GA 30066 $238,967.12
600107258 BARKER 4244 WIEUCA OVERLOOK ATLANTA GA 30342 $289,849.90
600107259 HOW LIU 801 W SAVANNA CT PEORIA IL 61615 $378,133.00
600107260 HICKMAN 1201 RICHMOND LN WILMETTE IL 60091 $298,708.87
600107261 HAYS 20587 N MEADOW LN BARRINGTON IL 60010 $418,889.41
600107263 SCHOPF 11 LAKESIDE PL HIGHLAND PARK IL 60035 $266,865.08
600107264 MASSE 25 W527 HAMILTON DR WHEATON IL 60187 $254,814.38
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107248 MILLER 7.750 .250 7.500 .0500 7.450 08/01/2027
600107250 ORTEGA 7.875 .250 7.625 .0500 7.575 09/01/2027
600107251 NORRIS 7.375 .250 7.125 .0500 7.075 11/01/2027
600107253 SCHATTNER 7.875 .250 7.625 .0500 7.575 08/01/2027
600107254 HAIN 7.875 .250 7.625 .0500 7.575 09/01/2027
600107255 NEWCOMB 8.000 .250 7.750 .0500 7.700 09/01/2027
600107256 SCHNEIDER 7.875 .250 7.625 .0500 7.575 07/01/2027
600107257 WRIGHT 7.750 .250 7.500 .0500 7.450 08/01/2027
600107258 BARKER 7.375 .250 7.125 .0500 7.075 08/01/2027
600107259 HOW LIU 7.875 .250 7.625 .0500 7.575 07/01/2027
600107260 HICKMAN 7.750 .250 7.500 .0500 7.450 08/01/2027
600107261 HAYS 7.750 .250 7.500 .0500 7.450 08/01/2027
600107263 SCHOPF 7.750 .250 7.500 .0500 7.450 09/01/2027
600107264 MASSE 7.750 .250 7.500 .0500 7.450 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107248 MILLER 092481426 $2,005.95 02/01/1998 360
600107250 ORTEGA 092481428 $2,075.52 02/01/1998 360
600107251 NORRIS 09248164555 $1,747.41 02/01/1998 360
600107253 SCHATTNER 092481429 $1,812.68 02/01/1998 360
600107254 HAIN 092481430 $3,596.35 02/01/1998 360
600107255 NEWCOMB 092481431 $2,000.98 12 02/01/1998 360
600107256 SCHNEIDER 092481487 $2,583.43 02/01/1998 360
600107257 WRIGHT 092481675 $1,719.39 02/01/1998 360
600107258 BARKER 092481536 $2,011.25 02/01/1998 360
600107259 HOW LIU 092481618 $2,755.26 02/01/1998 360
600107260 HICKMAN 092481532 $2,149.24 02/01/1998 360
600107261 HAYS 092481804 $3,013.95 02/01/1998 360
600107263 SCHOPF 092481534 $1,919.99 02/01/1998 360
600107264 MASSE 092481526 $1,834.02 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107248 MILLER .00 .00 .00 .000 .250 .300 $379,000.00 N
600107250 ORTEGA .00 .00 .00 .000 .250 .300 $485,000.00 N
600107251 NORRIS .00 .00 .00 .000 .250 .300 $353,000.00 N
600107253 SCHATTNER .00 .00 .00 .000 .250 .300 $389,000.00 N
600107254 HAIN .00 .00 .00 .000 .250 .300 $620,000.00 N
600107255 NEWCOMB .00 .00 .00 .000 .250 .300 $303,000.00 N
600107256 SCHNEIDER .00 .00 .00 .000 .250 .300 $496,000.00 N
600107257 WRIGHT .00 .00 .00 .000 .250 .300 $349,035.25 N
600107258 BARKER .00 .00 .00 .000 .250 .300 $364,000.00 N
600107259 HOW LIU .00 .00 .00 .000 .250 .300 $475,000.00 N
600107260 HICKMAN .00 .00 .00 .000 .250 .300 $470,000.00 N
600107261 HAYS .00 .00 .00 .000 .250 .300 $525,900.00 N
600107263 SCHOPF .00 .00 .00 .000 .250 .300 $335,000.00 N
600107264 MASSE .00 .00 .00 .000 .250 .300 $310,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 27
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107265 COLLINS 2526 THORNWOOD WILMETTE IL 60091 $351,045.74
600107266 TOLPA 1608 LUTHER AV OAKBROOK TERRAC IL 60181 $241,110.42
600107268 BRIERE 13256 BLACKTERN WY CARMEL IN 46033 $249,149.75
600107271 OLIVIERI 199 EDGE HILL RD MILTON MA 02186 $261,075.32
600107272 KROCHUNE 25 DONNA ROAD BILLERICA MA 01821 $230,580.43
600107273 NORTON 41 RISLEY RD NEWTON MA 02165 $318,690.03
600107274 SEXTON 655 MAIN STREET BOLTON MA 01740 $233,161.65
600107275 WHITE- 3478841 8 FRANCIS ST BROOKLINE MA 02146 $280,776.92
600107276 BARTLEY 6160 OSPREY RIDGE DR MT. AIRY MD 21771 $287,438.62
600107277 LEGAULT 1347 PATTERSON AVE SE KENTWOOD MI 49546 $267,088.82
600107279 MCCORMICK 110 BIRCHWOOD AV BIRCHWOOD MN 55110 $238,101.94
600107280 SCHAIDLER 5325 UPTON AVE S MINNEAPOLIS MN 55410 $240,287.09
600107281 ROHDE JR 9100 HERITAGE WY WOODBURY MN 55125 $327,732.82
600107282 WHILLOCK 2 BIRCH LN NORTH OAKS MN 55127 $228,461.96
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107265 COLLINS 8.000 .250 7.750 .0500 7.700 10/01/2027
600107266 TOLPA 8.000 .250 7.750 .0500 7.700 11/01/2027
600107268 BRIERE 7.875 .250 7.625 .0500 7.575 08/01/2027
600107271 OLIVIERI 7.875 .250 7.625 .0500 7.575 08/01/2027
600107272 KROCHUNE 8.000 .250 7.750 .0500 7.700 08/01/2027
600107273 NORTON 8.000 .250 7.750 .0500 7.700 08/01/2027
600107274 SEXTON 7.875 .250 7.625 .0500 7.575 09/01/2027
600107275 WHITE- 3478841 7.625 .250 7.375 .0500 7.325 10/01/2027
600107276 BARTLEY 7.375 .250 7.125 .0500 7.075 09/01/2027
600107277 LEGAULT 8.000 .250 7.750 .0500 7.700 09/01/2027
600107279 MCCORMICK 7.500 .250 7.250 .0500 7.200 09/01/2027
600107280 SCHAIDLER 7.875 .250 7.625 .0500 7.575 08/01/2027
600107281 ROHDE JR 7.375 .250 7.125 .0500 7.075 09/01/2027
600107282 WHILLOCK 7.500 .250 7.250 .0500 7.200 08/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107265 COLLINS 092481527 $2,582.86 02/01/1998 360
600107266 TOLPA 092481528 $1,772.78 02/01/1998 360
600107268 BRIERE 092481530 $1,814.13 12 02/01/1998 360
600107271 OLIVIERI 092481678 $1,908.39 02/01/1998 360
600107272 KROCHUNE 092481484 $1,701.60 12 02/01/1998 360
600107273 NORTON 092481485 $2,348.05 02/01/1998 360
600107274 SEXTON 092481616 $1,716.97 02/01/1998 360
600107275 WHITE- 3478841 092481697 $1,993.15 02/01/1998 360
600107276 BARTLEY 092481516 $1,992.94 12 02/01/1998 360
600107277 LEGAULT 092481619 $1,966.49 12 02/01/1998 360
600107279 MCCORMICK 092481517 $1,671.13 02/01/1998 360
600107280 SCHAIDLER 092481518 $1,749.60 02/01/1998 360
600107281 ROHDE JR 092481519 $2,272.32 02/01/1998 360
600107282 WHILLOCK 092481523 $1,604.70 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107265 COLLINS .00 .00 .00 .000 .250 .300 $440,000.00 N
600107266 TOLPA .00 .00 .00 .000 .250 .300 $302,085.00 N
600107268 BRIERE .00 .00 .00 .000 .250 .300 $278,000.00 N
600107271 OLIVIERI .00 .00 .00 .000 .250 .300 $329,000.00 N
600107272 KROCHUNE .00 .00 .00 .000 .250 .300 $272,000.00 N
600107273 NORTON .00 .00 .00 .000 .250 .300 $450,000.00 N
600107274 SEXTON .00 .00 .00 .000 .250 .300 $296,000.00 N
600107275 WHITE- 3478841 .00 .00 .00 .000 .250 .300 $352,000.00 N
600107276 BARTLEY .00 .00 .00 .000 .250 .300 $339,500.00 N
600107277 LEGAULT .00 .00 .00 .000 .250 .300 $298,000.00 N
600107279 MCCORMICK .00 .00 .00 .000 .250 .300 $300,000.00 N
600107280 SCHAIDLER .00 .00 .00 .000 .250 .300 $301,650.00 N
600107281 ROHDE JR .00 .00 .00 .000 .250 .300 $429,000.00 N
600107282 WHILLOCK .00 .00 .00 .000 .250 .300 $255,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 28
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107283 RAEKER 2561 MAYFLOWER AV MINNETONKA MN 55343 $245,519.16
600107284 ROGERS 2150 ENGLEWOOD TERRACE CT CHESTERFIELD MO 63017 $258,115.11
600107285 HOLLIDAY 119 VIREO WAY DUCK NC 27949 $249,276.20
600107286 RIGGI 11915 AUSTIN COURT MINT HILL NC 28227 $227,196.11
600107287 DELEGGE 220509 JOHN GAMBLE RD CORNELIUS NC 28031 $285,061.60
600107290 TRACHTENBERG 28 EDGEWOOD AV LARCHMONT NY 10538 $314,706.41
600107291 SCHWARTZ 2 BEAUMONT DR MELVILLE NY 11747 $243,719.88
600107294 KLEINHENZ 1875 NEWBURY CT WESTLAKE OH 44145 $257,972.78
600107295 LOFTUS 1822 WROXTON HOUSTON TX 77005 $259,518.63
600107296 WHITE- 3478841 13314 CYPRESS POND CYPRESS TX 77429 $247,702.25
600107297 MOLINA 22 FOSTER'S GREEN DR SUGARLAND TX 77479 $266,638.41
600107298 STIEGEMEIER 3493 W WRANGLER AY WY PARK CITY UT 84098 $234,546.12
600107299 WILLIAMS 1407 WESTBY MCLEAN VA 22101 $248,410.23
600107300 MARTINEZ 2227 78TH AVE NE MEDINA WA 98039 $250,820.25
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107283 RAEKER 7.750 .250 7.500 .0500 7.450 09/01/2027
600107284 ROGERS 7.500 .250 7.250 .0500 7.200 08/01/2027
600107285 HOLLIDAY 8.375 .250 8.125 .0500 8.075 06/01/2027
600107286 RIGGI 8.125 .250 7.875 .0500 7.825 06/01/2027
600107287 DELEGGE 8.125 .250 7.875 .0500 7.825 07/01/2027
600107290 TRACHTENBERG 8.000 .250 7.750 .0500 7.700 08/01/2027
600107291 SCHWARTZ 7.625 .250 7.375 .0500 7.325 08/01/2027
600107294 KLEINHENZ 7.750 .250 7.500 .0500 7.450 09/01/2027
600107295 LOFTUS 7.875 .250 7.625 .0500 7.575 07/01/2027
600107296 WHITE- 3478841 7.625 .250 7.375 .0500 7.325 08/01/2027
600107297 MOLINA 7.750 .250 7.500 .0500 7.450 09/01/2027
600107298 STIEGEMEIER 7.875 .250 7.625 .0500 7.575 10/01/2027
600107299 WILLIAMS 7.875 .250 7.625 .0500 7.575 05/01/2027
600107300 MARTINEZ 8.125 .250 7.875 .0500 7.825 07/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107283 RAEKER 092481520 $1,765.24 02/01/1998 360
600107284 ROGERS 092481521 $1,813.41 12 02/01/1998 360
600107285 HOLLIDAY 092481522 $1,915.39 02/01/1998 360
600107286 RIGGI 092481524 $1,710.72 02/01/1998 360
600107287 DELEGGE 092481525 $2,126.52 02/01/1998 360
600107290 TRACHTENBERG 092481589 $2,318.70 02/01/1998 360
600107291 SCHWARTZ 09248157333 $1,732.68 02/01/1998 360
600107294 KLEINHENZ 092481417 $1,862.68 02/01/1998 360
600107295 LOFTUS 09248182222 $1,890.98 02/01/1998 360
600107296 WHITE- 3478841 092481697 $1,760.99 02/01/1998 360
600107297 MOLINA 092481425 $1,919.27 12 02/01/1998 360
600107298 STIEGEMEIER 092481424 $1,705.37 02/01/1998 360
600107299 WILLIAMS 092481676 $1,812.68 02/01/1998 360
600107300 MARTINEZ 092481413 $1,871.10 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107283 RAEKER .00 .00 .00 .000 .250 .300 $308,000.00 N
600107284 ROGERS .00 .00 .00 .000 .250 .300 $273,000.00 N
600107285 HOLLIDAY .00 .00 .00 .000 .250 .300 $315,000.00 N
600107286 RIGGI .00 .00 .00 .000 .250 .300 $288,000.00 N
600107287 DELEGGE .00 .00 .00 .000 .250 .300 $358,000.00 N
600107290 TRACHTENBERG .00 .00 .00 .000 .250 .300 $395,000.00 N
600107291 SCHWARTZ .00 .00 .00 .000 .250 .300 $306,000.00 N
600107294 KLEINHENZ .00 .00 .00 .000 .250 .300 $340,000.00 N
600107295 LOFTUS .00 .00 .00 .000 .250 .300 $326,000.00 N
600107296 WHITE- 3478841 .00 .00 .00 .000 .250 .300 $311,000.00 N
600107297 MOLINA .00 .00 .00 .000 .250 .300 $282,000.00 N
600107298 STIEGEMEIER .00 .00 .00 .000 .250 .300 $294,000.00 N
600107299 WILLIAMS .00 .00 .00 .000 .250 .300 $419,000.00 N
600107300 MARTINEZ .00 .00 .00 .000 .250 .300 $280,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 29
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107301 WATSON 17237 SE 46TH ST BELLEVUE WA 98006 $262,003.98
600107302 MEYERS 7710 N CLUB CI FOX POINT WI 53217 $326,657.30
600107303 SPRECHER 32 ELEVENTH AV SOUTHERN SHORES NC 27949 $227,012.29
600107304 HOLLIS 33229 SOUTHEAST 44TH PL FALL CITY WA 98024 $231,599.62
600107306 GEIMER 6449 NORTH CALDWELL ST CHICAGO IL 60646 $398,640.03
600107307 CHICKS 25529 W. LOOMIS RD WIND LAKE WI 53185 $232,878.70
600107308 LYNCH 398 W. STREETSBORO ST HUDSON OH 44236 $308,420.95
600107309 ROGERS 3 FORESTER RD LINCOLN MA 01773 $298,825.58
600107310 SULLIVAN 20 SHADY HILL ROAD NEWTO MA 02161 $358,775.99
600107311 DOTSON 7617 WINGFOOT DRIVE RALEIGH NC 27615 $275,984.75
600107312 MCMILLAN 4747 N PAULINA CHICAGO IL 60640 $239,184.00
600107313 POUTRE 153 ALDER LANE NORTH FALMOUTH MA 02556 $234,180.66
600107314 GILES 6424 CEDARCROFT DRIVE CHARLOTTE NC 28217 $283,981.16
600107315 SLEIGH 871 JASMINE AVENUE PL LAKE ELMO MN 55042 $241,134.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107301 WATSON 7.625 .250 7.375 .0500 7.325 08/01/2027
600107302 MEYERS 8.000 .250 7.750 .0500 7.700 08/01/2027
600107303 SPRECHER 8.500 .250 8.250 .0500 8.200 07/01/2027
600107304 HOLLIS 8.375 .250 8.125 .0500 8.075 05/01/2027
600107306 GEIMER 8.000 .250 7.750 .0500 7.700 09/01/2027
600107307 CHICKS 8.000 .250 7.750 .0500 7.700 07/01/2027
600107308 LYNCH 7.875 .250 7.625 .0500 7.575 09/01/2027
600107309 ROGERS 7.750 .250 7.500 .0500 7.450 09/01/2027
600107310 SULLIVAN 8.000 .250 7.750 .0500 7.700 09/01/2027
600107311 DOTSON 7.625 .250 7.375 .0500 7.325 09/01/2027
600107312 MCMILLAN 8.000 .250 7.750 .0500 7.700 09/01/2027
600107313 POUTRE 7.875 .250 7.625 .0500 7.575 09/01/2027
600107314 GILES 7.750 .250 7.500 .0500 7.450 09/01/2027
600107315 SLEIGH 7.750 .250 7.500 .0500 7.450 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107301 WATSON 092481416 $1,875.65 02/01/1998 360
600107302 MEYERS 092481617 $2,406.75 02/01/1998 360
600107303 SPRECHER 092481412 $1,753.13 02/01/1998 360
600107304 HOLLIS 09248161444 $1,771.73 12 02/01/1998 360
600107306 GEIMER 092481414 $2,935.06 02/01/1998 360
600107307 CHICKS 092481674 $1,717.01 02/01/1998 360
600107308 LYNCH 092481418 $2,244.09 02/01/1998 360
600107309 ROGERS 092481419 $2,149.24 02/01/1998 360
600107310 SULLIVAN 092481420 $2,641.56 02/01/1998 360
600107311 DOTSON 092481421 $1,960.59 02/01/1998 360
600107312 MCMILLAN 092481422 $1,761.04 02/01/1998 360
600107313 POUTRE 092481423 $1,703.92 02/01/1998 360
600107314 GILES 092481515 $2,041.78 02/01/1998 360
600107315 SLEIGH 092481779 $1,733.72 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107301 WATSON .00 .00 .00 .000 .250 .300 $374,950.00 N
600107302 MEYERS .00 .00 .00 .000 .250 .300 $410,000.00 N
600107303 SPRECHER .00 .00 .00 .000 .250 .300 $285,000.00 N
600107304 HOLLIS .00 .00 .00 .000 .250 .300 $259,000.00 N
600107306 GEIMER .00 .00 .00 .000 .250 .300 $600,000.00 N
600107307 CHICKS .00 .00 .00 .000 .250 .300 $332,000.00 N
600107308 LYNCH .00 .00 .00 .000 .250 .300 $400,000.00 N
600107309 ROGERS .00 .00 .00 .000 .250 .300 $550,000.00 N
600107310 SULLIVAN .00 .00 .00 .000 .250 .300 $450,000.00 N
600107311 DOTSON .00 .00 .00 .000 .250 .300 $399,000.00 N
600107312 MCMILLAN .00 .00 .00 .000 .250 .300 $300,000.00 N
600107313 POUTRE .00 .00 .00 .000 .250 .300 $400,000.00 N
600107314 GILES .00 .00 .00 .000 .250 .300 $385,000.00 N
600107315 SLEIGH .00 .00 .00 .000 .250 .300 $325,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 30
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107316 RESNIK 4315 ROSEWOOD LN PLYMOUTH MN 55442 $283,073.50
600107317 MALIK 7808 ESTRELLA CT SARASOTA FL 34238 $341,773.80
600107318 STANLEY 2998 FOXBOROUGH DR GREENWOOD IN 46143 $361,669.50
600107320 SLAY 1608 HIGH HOLLY RALEIGH NC 27614 $239,009.52
600107321 SUMPTER 6697 KENNEBUCK ST. NW CANTON OH 44718 $357,651.09
600107322 KIMBALL 4335 GREENBRIAR FARM RD WINSTON-SALEM NC 27106 $247,599.20
600107324 VANHORN 13 HENLEY ROAD ACTON MA 01720 $239,184.00
600107326 DUNN 17003 NE 136TH PL REDMOND WA 98052 $370,740.10
600107327 ANDERSON 16403 N. OVERLOOK COURT FOUNTAIN HILLS AZ 85268 $222,409.51
600107328 HENDRICKS 6979 SUNCREST DR SALINE MI 48176 $246,984.74
600107329 SCALISI 28318 SECLUDED LN FARMINGTON HILL MI 48331 $241,110.42
600107330 BROOKS 557 RIDGEMOOR DR WILLOWBROOK IL 60521 $303,196.43
600107332 SAWYER JR 10 PEACH TREE PATH ANDOVER MA 01810 $280,401.16
600107333 SCHAEFFEL 3361 BROKEN RIDGE MASON OH 45040 $334,766.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107316 RESNIK 7.750 .250 7.500 .0500 7.450 09/01/2027
600107317 MALIK 7.750 .250 7.500 .0500 7.450 09/01/2027
600107318 STANLEY 7.625 .250 7.375 .0500 7.325 09/01/2027
600107320 SLAY 7.500 .250 7.250 .0500 7.200 09/01/2027
600107321 SUMPTER 7.500 .250 7.250 .0500 7.200 09/01/2027
600107322 KIMBALL 8.125 .250 7.875 .0500 7.825 08/01/2027
600107324 VANHORN 8.000 .250 7.750 .0500 7.700 09/01/2027
600107326 DUNN 7.750 .250 7.500 .0500 7.450 10/01/2027
600107327 ANDERSON 7.750 .250 7.500 .0500 7.450 09/01/2027
600107328 HENDRICKS 7.875 .250 7.625 .0500 7.575 11/01/2027
600107329 SCALISI 8.000 .250 7.750 .0500 7.700 11/01/2027
600107330 BROOKS 8.125 .250 7.875 .0500 7.825 10/01/2027
600107332 SAWYER JR 7.750 .250 7.500 .0500 7.450 11/01/2027
600107333 SCHAEFFEL 7.625 .250 7.375 .0500 7.325 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107316 RESNIK 092481514 $2,041.78 02/01/1998 360
600107317 MALIK 092481465 $2,457.30 02/01/1998 360
600107318 STANLEY 092481466 $2,569.30 02/01/1998 360
600107320 SLAY 092481473 $1,678.12 02/01/1998 360
600107321 SUMPTER 092481470 $2,510.18 02/01/1998 360
600107322 KIMBALL 092481471 $1,848.82 02/01/1998 360
600107324 VANHORN 092481637 $1,761.04 12 02/01/1998 360
600107326 DUNN 092481463 $2,663.63 02/01/1998 360
600107327 ANDERSON 092481469 $1,604.77 02/01/1998 360
600107328 HENDRICKS 092481468 $1,794.55 02/01/1998 360
600107329 SCALISI 092481464 $1,772.78 02/01/1998 360
600107330 BROOKS 092481644 $2,257.20 02/01/1998 360
600107332 SAWYER JR 09248165444 $2,013.12 02/01/1998 360
600107333 SCHAEFFEL 092481467 $2,374.65 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107316 RESNIK .00 .00 .00 .000 .250 .300 $385,000.00 N
600107317 MALIK .00 .00 .00 .000 .250 .300 $501,000.00 N
600107318 STANLEY .00 .00 .00 .000 .250 .300 $455,000.00 N
600107320 SLAY .00 .00 .00 .000 .250 .300 $305,000.00 N
600107321 SUMPTER .00 .00 .00 .000 .250 .300 $490,000.00 N
600107322 KIMBALL .00 .00 .00 .000 .250 .300 $322,000.00 N
600107324 VANHORN .00 .00 .00 .000 .250 .300 $280,000.00 N
600107326 DUNN .00 .00 .00 .000 .250 .300 $480,000.00 N
600107327 ANDERSON .00 .00 .00 .000 .250 .300 $300,000.00 N
600107328 HENDRICKS .00 .00 .00 .000 .250 .300 $310,000.00 N
600107329 SCALISI .00 .00 .00 .000 .250 .300 $320,000.00 N
600107330 BROOKS .00 .00 .00 .000 .250 .300 $435,000.00 N
600107332 SAWYER JR .00 .00 .00 .000 .250 .300 $370,000.00 N
600107333 SCHAEFFEL .00 .00 .00 .000 .250 .300 $379,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 31
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107335 FRANKEL 169 BUCKMINSTER RD BROOKLINE MA 02146 $478,284.07
600107336 LLOYD 8203 CALIFORNIA AVE SW SEATTLE WA 98136 $247,024.75
600107337 JANSEN 1979 ULAO CT GRAFTON WI 53024 $298,256.52
600107338 LONERGAN 401 SULLIVAN FARMS LN STEVENSVILLE MD 21666 $548,139.51
600107339 LINDQUIST 3855 HWY C WEST BEND WI 53095 $397,862.59
600107364 BLACK GARY R 6275 SOUTH SHENANDOAH SALT LAKE CITY UT 84121 $518,805.65
600107372 HOLMES ROBERT 205 ASHAROKEN AVENUE NORTHPORT NY 11768 $997,759.55
600107401 WIEDEMAN ROBERT J 12097 NORTH FOXVIEW DR NORTHPORT MI 49670 $461,928.46
600107433 DAVIS EVERETT E 5730 NORTH CASA BLANC PARADISE VALLEY AZ 85253 $889,699.92
600107548 CHEON DAVID Y 11623 FOREST SPRING CT CUPERTINO CA 95014 $478,924.61
600107592 SKOGEBO ALLEN A 1500 CHELTENHAM CT CROWNSVILLE MD 21032 $473,332.91
600107597 GREGORY EUGENE W 10617 BURBANK DRIVE POTOMAC MD 20854 $711,003.51
600107620 SCHWARTZ JOSEPH 315 N CITRUS AVE LOS ANGELES CA 90036 $474,643.12
600107622 HELMIG TIMOTHY H 6111 KENNEDY DR CHEVY CHASE MD 20815 $867,519.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107335 FRANKEL 7.750 .250 7.500 .0500 7.450 09/01/2027
600107336 LLOYD 7.375 .250 7.125 .0500 7.075 09/01/2027
600107337 JANSEN 7.875 .250 7.625 .0500 7.575 10/01/2027
600107338 LONERGAN 7.875 .250 7.625 .0500 7.575 08/01/2027
600107339 LINDQUIST 7.750 .250 7.500 .0500 7.450 10/01/2027
600107364 BLACK GARY R 7.375 .250 7.125 .0400 7.085 11/01/2027
600107372 HOLMES ROBERT 7.500 .250 7.250 .0400 7.210 11/01/2027
600107401 WIEDEMAN ROBERT J 8.000 .250 7.750 .0400 7.710 08/01/2027
600107433 DAVIS EVERETT E 7.750 .250 7.500 .0400 7.460 11/01/2027
600107548 CHEON DAVID Y 7.500 .250 7.250 .0400 7.210 11/01/2027
600107592 SKOGEBO ALLEN A 7.250 .250 7.000 .0400 6.960 11/01/2027
600107597 GREGORY EUGENE W 7.500 .250 7.250 .0400 7.210 11/01/2027
600107620 SCHWARTZ JOSEPH 7.750 .250 7.500 .0400 7.460 10/01/2027
600107622 HELMIG TIMOTHY H 7.750 .250 7.500 .0400 7.460 10/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107335 FRANKEL 092481583 $3,438.78 02/01/1998 360
600107336 LLOYD 092481535 $1,726.69 02/01/1998 360
600107337 JANSEN 092481585 $2,175.21 02/01/1998 360
600107338 LONERGAN 092481588 $3,991.14 02/01/1998 360
600107339 LINDQUIST 092481587 $2,858.49 02/01/1998 360
600107364 BLACK GARY R 1497017359 $3,591.51 02/01/1998 360
600107372 HOLMES ROBERT 1106096222 $6,992.15 02/01/1998 360
600107401 WIEDEMAN ROBERT J 1507243862 $3,404.67 02/01/1998 360
600107433 DAVIS EVERETT E 1569183894 $6,387.54 02/01/1998 360
600107548 CHEON DAVID Y 1506358177 $3,356.23 02/01/1998 360
600107592 SKOGEBO ALLEN A 1731147723 $3,236.59 02/01/1998 360
600107597 GREGORY EUGENE W 1761117572 $4,982.60 02/01/1998 360
600107620 SCHWARTZ JOSEPH 1506329850 $3,410.12 02/01/1998 360
600107622 HELMIG TIMOTHY H 1507299007 $6,232.79 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107335 FRANKEL .00 .00 .00 .000 .250 .300 $685,000.00 N
600107336 LLOYD .00 .00 .00 .000 .250 .300 $395,000.00 N
600107337 JANSEN .00 .00 .00 .000 .250 .300 $500,000.00 N
600107338 LONERGAN .00 .00 .00 .000 .250 .300 $825,000.00 N
600107339 LINDQUIST .00 .00 .00 .000 .250 .300 $790,000.00 N
600107364 BLACK GARY R .00 .00 .00 .000 .250 .290 $800,000.00 N
600107372 HOLMES ROBERT .00 .00 .00 .000 .250 .290 $1,900,000.00 N
600107401 WIEDEMAN ROBERT J .00 .00 .00 .000 .250 .290 $580,000.00 N
600107433 DAVIS EVERETT E .00 .00 .00 .000 .250 .290 $1,250,000.00 N
600107548 CHEON DAVID Y .00 .00 .00 .000 .250 .290 $718,000.00 N
600107592 SKOGEBO ALLEN A .00 .00 .00 .000 .250 .290 $593,076.00 N
600107597 GREGORY EUGENE W .00 .00 .00 .000 .250 .290 $1,300,000.00 N
600107620 SCHWARTZ JOSEPH .00 .00 .00 .000 .250 .290 $650,000.00 N
600107622 HELMIG TIMOTHY H .00 .00 .00 .000 .250 .290 $1,212,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 32
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600107694 PATTERSON KELVIN R 2821 ALHAMBRA DR BELMONT CA 94002 $478,525.48
600107904 GREENWALD SCOTT 1656 VOORHEES AVENUE MANHATTAN BEACH CA 90266 $478,924.61
600107947 WALDRON NEIL J 3106 CHERRYRIDGE RD ENGLEWOOD CO 80110 $517,608.66
600108073 FAIRBANKS GRANT R 2850 E BLUE SPRUCE DR SALT LAKE CITY UT 84117 $524,879.05
600108166 DANIEL OCHYSKI 54543 ROSELAWN COURT SHELBY TWP MI 48316 $274,175.95
600108168 GEORGE K STEVENS N 105 FORBES DRIVE GENEVA IL 60134 $301,189.77
600108173 PHILLIP R CABRERA 2422 RIVERMIST COURT NAPERVILLE IL 60565 $319,523.54
600109409 O'NEAL 8223 PARKSIDE DRIVE CLAYTON MO 63105 $351,667.65
600109432 LEVIN SC 283 PROSPECT STREET BELMONT MA 02178 $685,091.49
600115634 ISAAC, DENNIS 324 WARREN DRIV SAN FRANCISCO CA 94131 $329,105.42
600115635 HOEFS, CHARLES 470 HALE STREET PALO ALTO CA 94301 $885,156.66
600115636 MAGER, ROBERT 3046 SERENA ROA SANTA BARBARA CA 93105 $275,440.72
600115638 BARRON, STEPHANIE 1431 BELFAST DR LOS ANGELES CA 90069 $299,464.36
600115639 PERRY, STEPHEN 40 CEDARBR IRVINE CA 92620 $308,447.54
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600107694 PATTERSON KELVIN R 7.375 .250 7.125 .0400 7.085 10/01/2027
600107904 GREENWALD SCOTT 7.500 .250 7.250 .0400 7.210 11/01/2027
600107947 WALDRON NEIL J 7.375 .250 7.125 .0400 7.085 12/01/2027
600108073 FAIRBANKS GRANT R 7.750 .250 7.500 .0400 7.460 11/01/2027
600108166 DANIEL OCHYSKI 7.500 .250 7.250 .0500 7.200 10/01/2027
600108168 GEORGE K STEVENS 7.950 .250 7.700 .0500 7.650 12/01/2027
600108173 PHILLIP R CABRERA 7.500 .250 7.250 .0500 7.200 12/01/2027
600109409 O'NEAL 7.625 .250 7.375 .0500 7.325 09/01/2027
600109432 LEVIN SC 7.875 .250 7.625 .0500 7.575 08/01/2027
600115634 ISAAC, DENNIS 8.000 .250 7.750 .0500 7.700 10/01/2027
600115635 HOEFS, CHARLES 7.875 .250 7.625 .0500 7.575 11/01/2027
600115636 MAGER, ROBERT 8.000 .250 7.750 .0500 7.700 11/01/2027
600115638 BARRON, STEPHANIE 7.625 .250 7.375 .0500 7.325 12/01/2027
600115639 PERRY, STEPHEN 7.625 .250 7.375 .0500 7.325 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600107694 PATTERSON KELVIN R 1561370752 $3,315.25 02/01/1998 360
600107904 GREENWALD SCOTT 1596048870 $3,356.23 02/01/1998 360
600107947 WALDRON NEIL J 1463008903 $3,580.46 02/01/1998 360
600108073 FAIRBANKS GRANT R 1497017392 $3,768.33 02/01/1998 360
600108166 DANIEL OCHYSKI 3305489 $1,922.84 02/01/1998 360
600108168 GEORGE K STEVENS 3370277 $2,202.54 02/01/1998 360
600108173 PHILLIP R CABRERA 3392792 $2,237.49 02/01/1998 360
600109409 O'NEAL 0923609 $2,533.19 02/01/1998 360
600109432 LEVIN SC 0940441 $4,988.48 02/01/1998 360
600115634 ISAAC, DENNIS 1193358 $2,421.42 02/01/1998 360
600115635 HOEFS, CHARLES 1203793 $6,431.37 02/01/1998 360
600115636 MAGER, ROBERT 1264746 $2,025.19 2 02/01/1998 360
600115638 BARRON, STEPHANIE 1197276 $2,123.38 02/01/1998 360
600115639 PERRY, STEPHEN 1212562 $2,189.91 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600107694 PATTERSON KELVIN R .00 .00 .00 .000 .250 .290 $600,000.00 N
600107904 GREENWALD SCOTT .00 .00 .00 .000 .250 .290 $775,000.00 N
600107947 WALDRON NEIL J .00 .00 .00 .000 .250 .290 $648,000.00 N
600108073 FAIRBANKS GRANT R .00 .00 .00 .000 .250 .290 $715,000.00 N
600108166 DANIEL OCHYSKI .00 .00 .00 .000 .250 .300 $410,000.00 N
600108168 GEORGE K STEVENS .00 .00 .00 .000 .250 .300 $377,000.00 N
600108173 PHILLIP R CABRERA .00 .00 .00 .000 .250 .300 $520,000.00 N
600109409 O'NEAL .00 .00 .00 .000 .250 .300 $441,342.00 N
600109432 LEVIN SC .00 .00 .00 .000 .250 .300 $860,000.00 N
600115634 ISAAC, DENNIS .00 .00 .00 .000 .250 .300 $450,000.00 N
600115635 HOEFS, CHARLES .00 .00 .00 .000 .250 .300 $1,500,000.00 N
600115636 MAGER, ROBERT .00 .00 .00 .000 .250 .300 $335,000.00 N
600115638 BARRON, STEPHANIE .00 .00 .00 .000 .250 .300 $640,000.00 N
600115639 PERRY, STEPHEN .00 .00 .00 .000 .250 .300 $389,408.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 33
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115641 SWEDO, JEFFREY 33 EISENHOWER L (COTO DE CAZA A CA 92679 $335,553.69
600115642 DODSON, KELLY 17775 RANCHO DE RAMONA AREA CA 92065 $319,569.13
600115643 SANDS, CINDY 255 SOUTH BENTL LOS ANGELES CA 90049 $449,362.73
600115644 DE GUIRE, RICHARD 4556 TALISMAN S TORRANCE CA 90503 $254,647.87
600115645 SWAIN, GARY 436 STAGECOACH GLEN ELLYN IL 60137 $347,020.13
600115646 MC MASTERS, TERRY 5159 NORTH CHUR GREENSBORO NC 27455 $284,625.88
600115648 JONES, JR., FRED 1336 MOKELUMNE ANTIOCH CA 94509 $245,792.57
600115649 BOWLEY, JOHN 2301 SILVE LAS VEGAS NV 89134 $305,587.99
600115650 McCARTHY, NEAL 1356 MILTON AVE WALNUT CREEK CA 94596 $239,660.13
600115651 CURRY, ROY 2545 GREEN STRE SAN FRANCISCO CA 94123 $920,661.12
600115652 KARHOHS, FRED 4855 WEST RENO NV 89509 $246,707.29
600115654 TROCKER, DAVID 1614 COUNTRY CL GLENDALE CA 91206 $318,759.22
600115655 REDMOND, HELENE 412 VALLEY STRE SAN FRANCISCO CA 94131 $316,551.08
600115656 SHI, JUN 2942 MIRALOMA W UNION CITY CA 94587 $311,558.16
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115641 SWEDO, JEFFREY 8.125 .250 7.875 .0500 7.825 12/01/2027
600115642 DODSON, KELLY 8.000 .250 7.750 .0500 7.700 12/01/2027
600115643 SANDS, CINDY 7.750 .250 7.500 .0500 7.450 12/01/2027
600115644 DE GUIRE, RICHARD 7.875 .250 7.625 .0500 7.575 12/01/2027
600115645 SWAIN, GARY 7.875 .250 7.625 .0500 7.575 12/01/2027
600115646 MC MASTERS, TERRY 8.125 .250 7.875 .0500 7.825 12/01/2027
600115648 JONES, JR., FRED 7.625 .250 7.375 .0500 7.325 12/01/2027
600115649 BOWLEY, JOHN 8.000 .250 7.750 .0500 7.700 12/01/2027
600115650 McCARTHY, NEAL 7.750 .250 7.500 .0500 7.450 12/01/2027
600115651 CURRY, ROY 7.625 .250 7.375 .0500 7.325 12/01/2027
600115652 KARHOHS, FRED 8.625 .250 8.375 .0500 8.325 12/01/2027
600115654 TROCKER, DAVID 7.875 .250 7.625 .0500 7.575 12/01/2027
600115655 REDMOND, HELENE 7.750 .250 7.500 .0500 7.450 12/01/2027
600115656 SHI, JUN 7.750 .250 7.500 .0500 7.450 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115641 SWEDO, JEFFREY 1241249 $2,494.79 02/01/1998 360
600115642 DODSON, KELLY 1246545 $2,348.05 02/01/1998 360
600115643 SANDS, CINDY 1247402 $3,223.86 02/01/1998 360
600115644 DE GUIRE, RICHARD 1248251 $1,848.93 02/01/1998 360
600115645 SWAIN, GARY 1251487 $2,519.62 02/01/1998 360
600115646 MC MASTERS, TERRY 1252881 $2,116.12 02/01/1998 360
600115648 JONES, JR., FRED 1254630 $1,742.23 02/01/1998 360
600115649 BOWLEY, JOHN 1255454 $2,245.32 02/01/1998 360
600115650 McCARTHY, NEAL 1256189 $1,719.39 02/01/1998 360
600115651 CURRY, ROY 1257229 $6,525.86 02/01/1998 360
600115652 KARHOHS, FRED 1258177 $1,921.14 1 02/01/1998 360
600115654 TROCKER, DAVID 1259647 $2,314.42 02/01/1998 360
600115655 REDMOND, HELENE 1260249 $2,271.03 02/01/1998 360
600115656 SHI, JUN 1262765 $2,235.21 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115641 SWEDO, JEFFREY .00 .00 .00 .000 .250 .300 $421,051.00 N
600115642 DODSON, KELLY .00 .00 .00 .000 .250 .300 $427,000.00 N
600115643 SANDS, CINDY .00 .00 .00 .000 .250 .300 $1,140,000.00 N
600115644 DE GUIRE, RICHARD .00 .00 .00 .000 .250 .300 $340,000.00 N
600115645 SWAIN, GARY .00 .00 .00 .000 .250 .300 $465,000.00 N
600115646 MC MASTERS, TERRY .00 .00 .00 .000 .250 .300 $405,000.00 N
600115648 JONES, JR., FRED .00 .00 .00 .000 .250 .300 $307,718.00 N
600115649 BOWLEY, JOHN .00 .00 .00 .000 .250 .300 $390,000.00 N
600115650 McCARTHY, NEAL .00 .00 .00 .000 .250 .300 $330,000.00 N
600115651 CURRY, ROY .00 .00 .00 .000 .250 .300 $1,800,000.00 N
600115652 KARHOHS, FRED .00 .00 .00 .000 .250 .300 $260,000.00 N
600115654 TROCKER, DAVID .00 .00 .00 .000 .250 .300 $408,000.00 N
600115655 REDMOND, HELENE .00 .00 .00 .000 .250 .300 $420,000.00 N
600115656 SHI, JUN .00 .00 .00 .000 .250 .300 $390,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 34
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115657 WESTIN, DAVID 1471 FLAMINGO W SUNNYVALE CA 94087 $331,541.54
600115658 YUAN, HSING 370 LOWER VINTN FREMONT CA 94539 $371,459.81
600115659 TORF, HOWARD 657 MONACO COUR WALNUT CREEK CA 94598 $298,682.17
600115660 NGO, CUONG 1827 SONNET COU SAN JOSE CA 95131 $292,595.40
600115661 HSIA, PAUL 681 COVINGTON R LOS ALTOS CA 94024 $373,982.86
600115663 POPE, THOMAS 10512 FROSTBURG LAS VEGAS NV 89134 $259,467.54
600115664 LUTHER, HOMER 4583 TAM O'SHAN WESTLAKE VILLAG CA 91362 $260,083.38
600115665 GRODSKY, ALLEN 3152 HADDINGTON LOS ANGELES CA 90064 $398,941.62
600115666 JOSTEN, JEFFREY 6728 CRYSTAL SP SAN JOSE CA 95120 $386,236.75
600115667 HWANG, MING 85 SUNSET WAY MUIR BEACH CA 94965 $352,431.26
600115668 TSANG, PETER 43376 LAUREL GL FREMONT CA 94539 $299,564.36
600115669 ABBATOYE, TERRANCE 9555 HIERBA ROA AGUA DULCE CA 91350 $334,548.94
600115670 CHEN, DIQING 6974 SILVER FOX SAN JOSE CA 95120 $236,619.51
600115671 VASQUEZ, RAYMOND 5920 PONDEROSA LAS VEGAS NV 89118 $250,903.04
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115657 WESTIN, DAVID 7.875 .250 7.625 .0500 7.575 12/01/2027
600115658 YUAN, HSING 7.625 .250 7.375 .0500 7.325 12/01/2027
600115659 TORF, HOWARD 7.625 .250 7.375 .0500 7.325 12/01/2027
600115660 NGO, CUONG 7.875 .250 7.625 .0500 7.575 12/01/2027
600115661 HSIA, PAUL 7.875 .250 7.625 .0500 7.575 12/01/2027
600115663 POPE, THOMAS 8.250 .250 8.000 .0500 7.950 12/01/2027
600115664 LUTHER, HOMER 8.500 .250 8.250 .0500 8.200 12/01/2027
600115665 GRODSKY, ALLEN 8.125 .250 7.875 .0500 7.825 12/01/2027
600115666 JOSTEN, JEFFREY 7.625 .250 7.375 .0500 7.325 12/01/2027
600115667 HWANG, MING 7.875 .250 7.625 .0500 7.575 12/01/2027
600115668 TSANG, PETER 7.625 .250 7.375 .0500 7.325 12/01/2027
600115669 ABBATOYE, TERRANCE 8.000 .250 7.750 .0500 7.700 12/01/2027
600115670 CHEN, DIQING 8.000 .250 7.750 .0500 7.700 12/01/2027
600115671 VASQUEZ, RAYMOND 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115657 WESTIN, DAVID 1262864 $2,407.23 02/01/1998 360
600115658 YUAN, HSING 1262930 $2,632.99 02/01/1998 360
600115659 TORF, HOWARD 1263441 $2,123.38 02/01/1998 360
600115660 NGO, CUONG 1263524 $2,124.45 02/01/1998 360
600115661 HSIA, PAUL 1263581 $2,715.38 02/01/1998 360
600115663 POPE, THOMAS 1263664 $1,951.79 2 02/01/1998 360
600115664 LUTHER, HOMER 1264118 $2,002.25 02/01/1998 360
600115665 GRODSKY, ALLEN 1264704 $2,966.28 02/01/1998 360
600115666 JOSTEN, JEFFREY 1264712 $2,739.16 02/01/1998 360
600115667 HWANG, MING 1264944 $2,559.49 02/01/1998 360
600115668 TSANG, PETER 1265321 $2,123.38 02/01/1998 360
600115669 ABBATOYE, TERRANCE 1265842 $2,458.11 02/01/1998 360
600115670 CHEN, DIQING 1266055 $1,739.02 02/01/1998 360
600115671 VASQUEZ, RAYMOND 1266394 $1,821.74 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115657 WESTIN, DAVID .00 .00 .00 .000 .250 .300 $415,000.00 N
600115658 YUAN, HSING .00 .00 .00 .000 .250 .300 $625,000.00 N
600115659 TORF, HOWARD .00 .00 .00 .000 .250 .300 $527,500.00 N
600115660 NGO, CUONG .00 .00 .00 .000 .250 .300 $367,000.00 N
600115661 HSIA, PAUL .00 .00 .00 .000 .250 .300 $625,000.00 N
600115663 POPE, THOMAS .00 .00 .00 .000 .250 .300 $288,721.00 N
600115664 LUTHER, HOMER .00 .00 .00 .000 .250 .300 $372,000.00 N
600115665 GRODSKY, ALLEN .00 .00 .00 .000 .250 .300 $500,000.00 N
600115666 JOSTEN, JEFFREY .00 .00 .00 .000 .250 .300 $646,000.00 N
600115667 HWANG, MING .00 .00 .00 .000 .250 .300 $565,000.00 N
600115668 TSANG, PETER .00 .00 .00 .000 .250 .300 $468,000.00 N
600115669 ABBATOYE, TERRANCE .00 .00 .00 .000 .250 .300 $455,000.00 N
600115670 CHEN, DIQING .00 .00 .00 .000 .250 .300 $330,000.00 N
600115671 VASQUEZ, RAYMOND .00 .00 .00 .000 .250 .300 $335,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 35
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115672 WEST JR., WALTER 19135 BRETON PL MONUMENT CO 80132 $371,511.67
600115673 LUPO, PAUL 4305-4307 HIGHL MANHATTAN BEACH CA 90266 $250,678.79
600115674 STEVEN, JEFF 8 FOOTHILL PARK LAFAYETTE CA 94549 $302,781.31
600115675 BORKLUND, BILLY 2725 BATSON AVE ROWLAND HEIGHTS CA 91748 $299,596.08
600115676 MILES, SCOTT 10765 CUSHDON A LOS ANGELES CA 90064 $339,506.27
600115677 KUO, EDITH 19963 WELLINGTO SARATOGA CA 95070 $346,704.37
600115678 STEIN, DOUGLAS 5705 CHAMBERTIN SAN JOSE CA 95118 $349,516.69
600115680 SQUERI, DENIS 164 HAVEN HILL DANVILLE CA 94526 $326,559.72
600115682 CHEW, THERESA 448 AMHERST STR SAN FRANCISCO CA 94134 $293,059.13
600115683 GOULDEN, SEAN 29049 SADDLEBRO AGOURA CA 91301 $278,415.02
600115684 FRAZAR, GAIL 5527 EL CAMINO RANCHO SANTA FE CA 92067 $374,468.95
600115686 RUNG, PATRICIA 8156 EAST JUAN SCOTTSDALE AZ 85255 $257,669.83
600115687 WU, PERNG-HWA 868 THORNWOOD D PALO ALTO CA 94303 $379,461.86
600115688 REZVANI, MORTEZA 507 NORTH PLYMO LOS ANGELES CA 90004 $292,116.04
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115672 WEST JR., WALTER 8.125 .250 7.875 .0500 7.825 12/01/2027
600115673 LUPO, PAUL 8.250 .250 8.000 .0500 7.950 12/01/2027
600115674 STEVEN, JEFF 7.875 .250 7.625 .0500 7.575 12/01/2027
600115675 BORKLUND, BILLY 8.000 .250 7.750 .0500 7.700 12/01/2027
600115676 MILES, SCOTT 7.625 .250 7.375 .0500 7.325 12/01/2027
600115677 KUO, EDITH 7.750 .250 7.500 .0500 7.450 12/01/2027
600115678 STEIN, DOUGLAS 7.875 .250 7.625 .0500 7.575 12/01/2027
600115680 SQUERI, DENIS 8.000 .250 7.750 .0500 7.700 12/01/2027
600115682 CHEW, THERESA 7.500 .250 7.250 .0500 7.200 12/01/2027
600115683 GOULDEN, SEAN 7.875 .250 7.625 .0500 7.575 12/01/2027
600115684 FRAZAR, GAIL 7.750 .250 7.500 .0500 7.450 12/01/2027
600115686 RUNG, PATRICIA 8.250 .250 8.000 .0500 7.950 12/01/2027
600115687 WU, PERNG-HWA 7.750 .250 7.500 .0500 7.450 12/01/2027
600115688 REZVANI, MORTEZA 8.125 .250 7.875 .0500 7.825 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115672 WEST JR., WALTER 1266444 $2,762.09 02/01/1998 360
600115673 LUPO, PAUL 1266618 $1,885.68 02/01/1998 360
600115674 STEVEN, JEFF 1267418 $2,198.41 02/01/1998 360
600115675 BORKLUND, BILLY 1267707 $2,201.29 02/01/1998 360
600115676 MILES, SCOTT 1267871 $2,406.50 02/01/1998 360
600115677 KUO, EDITH 1269539 $2,490.97 02/01/1998 360
600115678 STEIN, DOUGLAS 1269547 $2,537.74 02/01/1998 360
600115680 SQUERI, DENIS 1270016 $2,399.41 02/01/1998 360
600115682 CHEW, THERESA 1270404 $2,055.69 02/01/1998 360
600115683 GOULDEN, SEAN 1270438 $2,021.49 02/01/1998 360
600115684 FRAZAR, GAIL 1270792 $2,686.55 02/01/1998 360
600115686 RUNG, PATRICIA 1270974 $1,938.27 02/01/1998 360
600115687 WU, PERNG-HWA 1271238 $2,722.37 02/01/1998 360
600115688 REZVANI, MORTEZA 1271246 $2,171.80 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115672 WEST JR., WALTER .00 .00 .00 .000 .250 .300 $465,000.00 N
600115673 LUPO, PAUL .00 .00 .00 .000 .250 .300 $400,000.00 N
600115674 STEVEN, JEFF .00 .00 .00 .000 .250 .300 $379,000.00 N
600115675 BORKLUND, BILLY .00 .00 .00 .000 .250 .300 $400,000.00 N
600115676 MILES, SCOTT .00 .00 .00 .000 .250 .300 $425,000.00 N
600115677 KUO, EDITH .00 .00 .00 .000 .250 .300 $750,000.00 N
600115678 STEIN, DOUGLAS .00 .00 .00 .000 .250 .300 $525,000.00 N
600115680 SQUERI, DENIS .00 .00 .00 .000 .250 .300 $470,000.00 N
600115682 CHEW, THERESA .00 .00 .00 .000 .250 .300 $368,000.00 N
600115683 GOULDEN, SEAN .00 .00 .00 .000 .250 .300 $348,500.00 N
600115684 FRAZAR, GAIL .00 .00 .00 .000 .250 .300 $1,200,000.00 N
600115686 RUNG, PATRICIA .00 .00 .00 .000 .250 .300 $358,000.00 N
600115687 WU, PERNG-HWA .00 .00 .00 .000 .250 .300 $650,000.00 N
600115688 REZVANI, MORTEZA .00 .00 .00 .000 .250 .300 $390,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 36
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115689 ZHONG, PEIFENG 602 ABERDEEN WA MILPITAS CA 95035 $310,559.58
600115690 MOSS III, CHARLES 5190 FOX GLEN C FRANKTOWN CO 80116 $339,218.51
600115691 SU, ANDREW 3032 MIRALOMA W UNION CITY CA 94587 $299,596.08
600115692 CHANG, ALEX 4415 LA GRANADA LA CANADA CA 91011 $243,268.80
600115693 BARGY, VAUGHAN 2117 STEWART AV WALNUT CREEK CA 94596 $287,549.30
600115694 BARAN, STEVEN 10330 DENISON A CUPERTINO CA 95014 $261,628.97
600115695 McDANIEL, L. 808 FEATHER RIV DANVILLE CA 94506 $303,547.37
600115696 McDOW, JOHN 4987 HOLLICE CO LIVERMORE CA 94550 $247,393.16
600115699 BARNES, STEVEN 657 OAK PARK WA REDWOOD CITY CA 94062 $374,413.17
600115700 KHEDERIAN, BEDROS 2501 GALWAY PLA SOUTH SAN FRANC CA 94080 $246,675.76
600115701 DEARAGON, BRUCE 5372 OGAN ROAD CARPINTERIA CA 93013 $283,587.60
600115702 WOODS, STEVEN 840 CANON DRIVE PASADENA CA 91106 $299,553.33
600115704 YI, JIHUI 45056 IMNAHA CO FREMONT CA 94539 $316,381.97
600115705 BECK, BEATRICE 426 STANLEY DRI SANTA BARBARA CA 93105 $345,207.04
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115689 ZHONG, PEIFENG 7.750 .250 7.500 .0500 7.450 12/01/2027
600115690 MOSS III, CHARLES 7.750 .250 7.500 .0500 7.450 12/01/2027
600115691 SU, ANDREW 8.000 .250 7.750 .0500 7.700 12/01/2027
600115692 CHANG, ALEX 8.000 .250 7.750 .0500 7.700 12/01/2027
600115693 BARGY, VAUGHAN 7.250 .250 7.000 .0500 6.950 12/01/2027
600115694 BARAN, STEVEN 7.750 .250 7.500 .0500 7.450 12/01/2027
600115695 McDANIEL, L. 7.500 .250 7.250 .0500 7.200 12/01/2027
600115696 McDOW, JOHN 7.750 .250 7.500 .0500 7.450 12/01/2027
600115699 BARNES, STEVEN 7.250 .250 7.000 .0500 6.950 12/01/2027
600115700 KHEDERIAN, BEDROS 8.125 .250 7.875 .0500 7.825 12/01/2027
600115701 DEARAGON, BRUCE 7.625 .250 7.375 .0500 7.325 12/01/2027
600115702 WOODS, STEVEN 7.500 .250 7.250 .0500 7.200 12/01/2027
600115704 YI, JIHUI 7.625 .250 7.375 .0500 7.325 12/01/2027
600115705 BECK, BEATRICE 7.250 .250 7.000 .0500 6.950 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115689 ZHONG, PEIFENG 1271261 $2,228.04 02/01/1998 360
600115690 MOSS III, CHARLES 1271865 $2,435.80 02/01/1998 360
600115691 SU, ANDREW 1271873 $2,201.29 02/01/1998 360
600115692 CHANG, ALEX 1272103 $1,790.39 02/01/1998 360
600115693 BARGY, VAUGHAN 1272301 $1,964.67 02/01/1998 360
600115694 BARAN, STEVEN 1272376 $1,877.00 02/01/1998 360
600115695 McDANIEL, L. 1272467 $2,125.61 02/01/1998 360
600115696 McDOW, JOHN 1272509 $1,776.70 02/01/1998 360
600115699 BARNES, STEVEN 1273119 $2,558.16 02/01/1998 360
600115700 KHEDERIAN, BEDROS 1273135 $1,833.97 02/01/1998 360
600115701 DEARAGON, BRUCE 1273549 $2,010.13 02/01/1998 360
600115702 WOODS, STEVEN 1273853 $2,097.64 02/01/1998 360
600115704 YI, JIHUI 1274554 $2,247.95 02/01/1998 360
600115705 BECK, BEATRICE 1274612 $2,360.33 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115689 ZHONG, PEIFENG .00 .00 .00 .000 .250 .300 $520,000.00 N
600115690 MOSS III, CHARLES .00 .00 .00 .000 .250 .300 $540,000.00 N
600115691 SU, ANDREW .00 .00 .00 .000 .250 .300 $390,000.00 N
600115692 CHANG, ALEX .00 .00 .00 .000 .250 .300 $500,000.00 N
600115693 BARGY, VAUGHAN .00 .00 .00 .000 .250 .300 $500,000.00 N
600115694 BARAN, STEVEN .00 .00 .00 .000 .250 .300 $440,000.00 N
600115695 McDANIEL, L. .00 .00 .00 .000 .250 .300 $434,000.00 N
600115696 McDOW, JOHN .00 .00 .00 .000 .250 .300 $312,000.00 N
600115699 BARNES, STEVEN .00 .00 .00 .000 .250 .300 $650,000.00 N
600115700 KHEDERIAN, BEDROS .00 .00 .00 .000 .250 .300 $345,000.00 N
600115701 DEARAGON, BRUCE .00 .00 .00 .000 .250 .300 $355,000.00 N
600115702 WOODS, STEVEN .00 .00 .00 .000 .250 .300 $550,000.00 N
600115704 YI, JIHUI .00 .00 .00 .000 .250 .300 $535,000.00 N
600115705 BECK, BEATRICE .00 .00 .00 .000 .250 .300 $435,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 37
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600115706 CHEN, HWA-RUNG 42030 VIA SAN L FREMONT CA 94539 $249,654.79
600115707 CHEE, SAY 34813 CANDICE C FREMONT CA 94555 $259,640.97
600117434 HOLZHAUER, DANIEL 3299 RIKKARD DR THOUSAND OAKS CA 91362 $231,695.46
600117435 TAYLOR, MICHAEL 1432 REYNOLDS C THOUSAND OAKS CA 91362 $319,535.31
600117436 CARVER, RUTH 4230 CASEY AVEN SANTA YNEZ CA 93460 $242,655.88
600117438 BANTA, RICHARD 1929 TIMBER POI PRESCOTT AZ 86303 $258,931.12
600117439 JOHNSON, BRIAN 2850 MESA ALTA ARROYO GRANDE CA 93420 $324,979.38
600117440 GOLDEN, MARK 1419 KENWOOD RO SANTA BARBARA CA 93109 $319,558.11
600117441 ROGERS, JR, BUDDY 8289 SASSAFRAS PLEASANTON CA 94566 $855,816.57
600117442 WANG, WU 186 SANTA RITA LOS ALTOS CA 94022 $371,659.51
600117443 FERRARI-NUNN, CHRISTINE 1500 WINCHESTER GLENDALE CA 91201 $285,195.56
600117444 LOFQUIST, ALDEN 23 DARLENE COUR ALAMO CA 94507 $387,575.14
600117445 RAD, SONIA 39 CEDARBR IRVINE CA 92620 $238,470.24
600117446 ORTEGA, RUSSELL 22701 WHIT MISSION VIEJO CA 92692 $331,517.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600115706 CHEN, HWA-RUNG 7.875 .250 7.625 .0500 7.575 12/01/2027
600115707 CHEE, SAY 7.875 .250 7.625 .0500 7.575 12/01/2027
600117434 HOLZHAUER, DANIEL 8.125 .250 7.875 .0500 7.825 12/01/2027
600117435 TAYLOR, MICHAEL 7.625 .250 7.375 .0500 7.325 12/01/2027
600117436 CARVER, RUTH 7.750 .250 7.500 .0500 7.450 12/01/2027
600117438 BANTA, RICHARD 7.750 .250 7.500 .0500 7.450 12/01/2027
600117439 JOHNSON, BRIAN 8.500 .250 8.250 .0500 8.200 12/01/2027
600117440 GOLDEN, MARK 7.875 .250 7.625 .0500 7.575 12/01/2027
600117441 ROGERS, JR, BUDDY 7.875 .250 7.625 .0500 7.575 12/01/2027
600117442 WANG, WU 7.625 .250 7.375 .0500 7.325 12/01/2027
600117443 FERRARI-NUNN, CHRISTINE 7.750 .250 7.500 .0500 7.450 12/01/2027
600117444 LOFQUIST, ALDEN 8.000 .250 7.750 .0500 7.700 12/01/2027
600117445 RAD, SONIA 7.875 .250 7.625 .0500 7.575 12/01/2027
600117446 ORTEGA, RUSSELL 7.625 .250 7.375 .0500 7.325 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600115706 CHEN, HWA-RUNG 1274745 $1,812.67 02/01/1998 360
600115707 CHEE, SAY 1160076 $1,885.18 02/01/1998 360
600117434 HOLZHAUER, DANIEL 1269075 $1,722.59 02/01/1998 360
600117435 TAYLOR, MICHAEL 1276278 $2,264.94 02/01/1998 360
600117436 CARVER, RUTH 1280122 $1,740.88 02/01/1998 360
600117438 BANTA, RICHARD 1268911 $1,859.09 02/01/1998 360
600117439 JOHNSON, BRIAN 1279066 $2,501.85 15 02/01/1998 360
600117440 GOLDEN, MARK 1282714 $2,320.22 02/01/1998 360
600117441 ROGERS, JR, BUDDY 1271360 $6,213.84 02/01/1998 360
600117442 WANG, WU 1274786 $2,634.41 02/01/1998 360
600117443 FERRARI-NUNN, CHRISTINE 1275502 $2,046.07 02/01/1998 360
600117444 LOFQUIST, ALDEN 1258482 $2,848.11 02/01/1998 360
600117445 RAD, SONIA 1214048 $1,731.47 02/01/1998 360
600117446 ORTEGA, RUSSELL 1064021 $2,349.88 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600115706 CHEN, HWA-RUNG .00 .00 .00 .000 .250 .300 $405,000.00 N
600115707 CHEE, SAY .00 .00 .00 .000 .250 .300 $332,055.00 N
600117434 HOLZHAUER, DANIEL .00 .00 .00 .000 .250 .300 $310,000.00 N
600117435 TAYLOR, MICHAEL .00 .00 .00 .000 .250 .300 $420,000.00 N
600117436 CARVER, RUTH .00 .00 .00 .000 .250 .300 $650,000.00 N
600117438 BANTA, RICHARD .00 .00 .00 .000 .250 .300 $325,348.00 N
600117439 JOHNSON, BRIAN .00 .00 .00 .000 .250 .300 $342,500.00 N
600117440 GOLDEN, MARK .00 .00 .00 .000 .250 .300 $415,000.00 N
600117441 ROGERS, JR, BUDDY .00 .00 .00 .000 .250 .300 $1,250,000.00 N
600117442 WANG, WU .00 .00 .00 .000 .250 .300 $520,000.00 N
600117443 FERRARI-NUNN, CHRISTINE .00 .00 .00 .000 .250 .300 $357,000.00 N
600117444 LOFQUIST, ALDEN .00 .00 .00 .000 .250 .300 $575,000.00 N
600117445 RAD, SONIA .00 .00 .00 .000 .250 .300 $378,839.00 N
600117446 ORTEGA, RUSSELL .00 .00 .00 .000 .250 .300 $415,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 38
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600117447 EKARD, WALTER 1046 SYCUAN SUM EL CAJON CA 92021 $245,252.20
600117448 ABERCROMBIE, STEWART 684 VEREDA DEL GOLETA CA 93117 $319,523.54
600117449 ANDREWS, DAVID 388 NORTH SUNNY SIERRA MADREA CA 91024 $361,499.33
600117450 COHEN, MARC 69 ACACIA DRIVE ORINDA CA 94563 $305,577.45
600117451 KIM, SEUNG 1835 KANOLA ROA LA HABRA HEIGHT CA 90631 $335,524.17
600117452 MCINTOSH, STUART 37410 VIA DE LO TEMECULA CA 92592 $363,883.96
600117453 CARLETON, WILLIAM 1518-A & 1518-B SANTA BARBARA CA 93103 $309,532.28
600117454 ZHANG, YONG-SHAN 1023 NARCISO CO SAN JOSE CA 95129 $280,614.94
600117455 LO RUSSO, EDDIE 7526 CARMENITA WEST HILLS CA 91304 $339,553.68
600117456 THRAMANN, JEFFREY 13203 NORTH 14T PHOENIX AZ 85022 $288,121.30
600117457 KUMAR, SHANKAR 3930 KRAL PLACE PLEASANTON CA 94588 $263,644.54
600117458 NYULASSY, SCOTT 2488 HART AVENU SANTA CLARA CA 95050 $337,844.49
600117459 HOANG, PETER 7826 FESTIVAL D CUPERTINO CA 95014 $349,916.14
600117460 SMITH, BRIAN 4917 REBEL TRAI ATLANTA GA 30327 $256,445.38
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600117447 EKARD, WALTER 7.750 .250 7.500 .0500 7.450 12/01/2027
600117448 ABERCROMBIE, STEWART 7.500 .250 7.250 .0500 7.200 12/01/2027
600117449 ANDREWS, DAVID 7.500 .250 7.250 .0500 7.200 12/01/2027
600117450 COHEN, MARC 7.875 .250 7.625 .0500 7.575 12/01/2027
600117451 KIM, SEUNG 7.750 .250 7.500 .0500 7.450 12/01/2027
600117452 MCINTOSH, STUART 7.750 .250 7.500 .0500 7.450 12/01/2027
600117453 CARLETON, WILLIAM 8.000 .250 7.750 .0500 7.700 12/01/2027
600117454 ZHANG, YONG-SHAN 7.750 .250 7.500 .0500 7.450 12/01/2027
600117455 LO RUSSO, EDDIE 8.125 .250 7.875 .0500 7.825 12/01/2027
600117456 THRAMANN, JEFFREY 8.125 .250 7.875 .0500 7.825 12/01/2027
600117457 KUMAR, SHANKAR 8.000 .250 7.750 .0500 7.700 12/01/2027
600117458 NYULASSY, SCOTT 8.000 .250 7.750 .0500 7.700 12/01/2027
600117459 HOANG, PETER 7.875 .250 7.625 .0500 7.575 12/01/2027
600117460 SMITH, BRIAN 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600117447 EKARD, WALTER 1270446 $1,759.51 02/01/1998 360
600117448 ABERCROMBIE, STEWART 1277235 $2,237.49 02/01/1998 360
600117449 ANDREWS, DAVID 1271659 $2,541.99 02/01/1998 360
600117450 COHEN, MARC 1276658 $2,218.71 02/01/1998 360
600117451 KIM, SEUNG 1280510 $2,407.15 02/01/1998 360
600117452 MCINTOSH, STUART 1282540 $2,610.61 2 02/01/1998 360
600117453 CARLETON, WILLIAM 1279868 $2,274.67 02/01/1998 360
600117454 ZHANG, YONG-SHAN 1270453 $2,016.70 02/01/1998 360
600117455 LO RUSSO, EDDIE 1273002 $2,524.49 02/01/1998 360
600117456 THRAMANN, JEFFREY 1272061 $2,142.10 02/01/1998 360
600117457 KUMAR, SHANKAR 1251289 $1,937.14 02/01/1998 360
600117458 NYULASSY, SCOTT 1275015 $2,482.33 02/01/1998 360
600117459 HOANG, PETER 1269901 $2,540.64 02/01/1998 360
600117460 SMITH, BRIAN 1277581 $1,861.98 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600117447 EKARD, WALTER .00 .00 .00 .000 .250 .300 $307,000.00 N
600117448 ABERCROMBIE, STEWART .00 .00 .00 .000 .250 .300 $470,000.00 N
600117449 ANDREWS, DAVID .00 .00 .00 .000 .250 .300 $635,000.00 N
600117450 COHEN, MARC .00 .00 .00 .000 .250 .300 $405,000.00 N
600117451 KIM, SEUNG .00 .00 .00 .000 .250 .300 $420,000.00 N
600117452 MCINTOSH, STUART .00 .00 .00 .000 .250 .300 $405,000.00 N
600117453 CARLETON, WILLIAM .00 .00 .00 .000 .250 .300 $400,000.00 N
600117454 ZHANG, YONG-SHAN .00 .00 .00 .000 .250 .300 $480,000.00 N
600117455 LO RUSSO, EDDIE .00 .00 .00 .000 .250 .300 $425,000.00 N
600117456 THRAMANN, JEFFREY .00 .00 .00 .000 .250 .300 $405,000.00 N
600117457 KUMAR, SHANKAR .00 .00 .00 .000 .250 .300 $330,000.00 N
600117458 NYULASSY, SCOTT .00 .00 .00 .000 .250 .300 $424,000.00 N
600117459 HOANG, PETER .00 .00 .00 .000 .250 .300 $438,000.00 N
600117460 SMITH, BRIAN .00 .00 .00 .000 .250 .300 $321,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 39
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600117461 RANDALL, MONDRA 201 COOPER ROAD SANTA BARBARA CA 93109 $267,600.98
600117462 HOFFMAN, STEVEN 16740 OAK VIEW MORGAN HILL CA 95037 $351,526.06
600117463 KASZUBA, STEFAN 2304 RFD LONG GROVE IL 60047 $247,562.22
600117464 PATTON, MICHAEL 1483 KINER AVEN SAN JOSE CA 95125 $352,287.68
600117465 CATANESCU, OVIDIU 1430 FALCON LAN HOFFMAN ESTATES IL 60192 $274,126.40
600117466 KAUFMANN, DARLENE 1130 CRESTWOOD NORTHBROOK IL 60062 $249,688.14
600117467 RENFER, MITCHELL 7629 COTTO PLEASANTON CA 94588 $253,258.54
600117468 ARNEY, RANDALL 229 NORTH PLYMO LOS ANGELES CA 90004 $333,103.29
600117469 MUNTEAN, ELENA 6878 NORTH KILP LINCOLNWOOD IL 60646 $277,144.89
600117472 GOLDFARB, LENNY 2216 MIRAMAR LA BUFFALO GROVE IL 60089 $262,137.51
600117473 CANVASSER, DAVID 376 MONTROSE DR SAN LUIS OBISPO CA 93405 $274,620.26
600117474 BULLOCK, CAROL 605 PORTOFINO L FOSTER CITY CA 94404 $288,530.29
600117475 BLAMER, DUANE 26812 BRIDLEWOO LAGUNA HILLS CA 92653 $319,080.59
600117476 SISKO, KENNETH 1171 SILVER CAN SAN JOSE CA 95120 $236,173.41
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600117461 RANDALL, MONDRA 7.500 .250 7.250 .0500 7.200 12/01/2027
600117462 HOFFMAN, STEVEN 8.000 .250 7.750 .0500 7.700 12/01/2027
600117463 KASZUBA, STEFAN 8.000 .250 7.750 .0500 7.700 12/01/2027
600117464 PATTON, MICHAEL 7.625 .250 7.375 .0500 7.325 12/01/2027
600117465 CATANESCU, OVIDIU 8.000 .250 7.750 .0500 7.700 12/01/2027
600117466 KAUFMANN, DARLENE 8.375 .250 8.125 .0500 8.075 12/01/2027
600117467 RENFER, MITCHELL 8.000 .250 7.750 .0500 7.700 12/01/2027
600117468 ARNEY, RANDALL 7.500 .250 7.250 .0500 7.200 12/01/2027
600117469 MUNTEAN, ELENA 8.250 .250 8.000 .0500 7.950 12/01/2027
600117472 GOLDFARB, LENNY 7.875 .250 7.625 .0500 7.575 12/01/2027
600117473 CANVASSER, DAVID 7.875 .250 7.625 .0500 7.575 12/01/2027
600117474 BULLOCK, CAROL 7.375 .250 7.125 .0500 7.075 01/01/2028
600117475 BLAMER, DUANE 8.125 .250 7.875 .0500 7.825 12/01/2027
600117476 SISKO, KENNETH 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600117461 RANDALL, MONDRA 1270065 $1,873.89 02/01/1998 360
600117462 HOFFMAN, STEVEN 1265958 $2,582.85 02/01/1998 360
600117463 KASZUBA, STEFAN 1273218 $1,822.67 02/01/1998 360
600117464 PATTON, MICHAEL 1277508 $2,497.10 02/01/1998 360
600117465 CATANESCU, OVIDIU 1249457 $2,017.85 02/01/1998 360
600117466 KAUFMANN, DARLENE 1273242 $1,900.18 02/01/1998 360
600117467 RENFER, MITCHELL 1140664 $1,860.83 02/01/1998 360
600117468 ARNEY, RANDALL 1271717 $2,332.58 02/01/1998 360
600117469 MUNTEAN, ELENA 1251990 $2,084.76 02/01/1998 360
600117472 GOLDFARB, LENNY 1283738 $1,903.31 02/01/1998 360
600117473 CANVASSER, DAVID 1279686 $1,993.94 02/01/1998 360
600117474 BULLOCK, CAROL 1276724 $1,994.32 02/01/1998 360
600117475 BLAMER, DUANE 1268515 $2,372.28 02/01/1998 360
600117476 SISKO, KENNETH 1272418 $1,714.79 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600117461 RANDALL, MONDRA .00 .00 .00 .000 .250 .300 $335,000.00 N
600117462 HOFFMAN, STEVEN .00 .00 .00 .000 .250 .300 $445,000.00 N
600117463 KASZUBA, STEFAN .00 .00 .00 .000 .250 .300 $310,500.00 N
600117464 PATTON, MICHAEL .00 .00 .00 .000 .250 .300 $504,000.00 N
600117465 CATANESCU, OVIDIU .00 .00 .00 .000 .250 .300 $370,000.00 N
600117466 KAUFMANN, DARLENE .00 .00 .00 .000 .250 .300 $395,000.00 N
600117467 RENFER, MITCHELL .00 .00 .00 .000 .250 .300 $317,000.00 N
600117468 ARNEY, RANDALL .00 .00 .00 .000 .250 .300 $417,000.00 N
600117469 MUNTEAN, ELENA .00 .00 .00 .000 .250 .300 $350,000.00 N
600117472 GOLDFARB, LENNY .00 .00 .00 .000 .250 .300 $349,691.00 N
600117473 CANVASSER, DAVID .00 .00 .00 .000 .250 .300 $590,000.00 N
600117474 BULLOCK, CAROL .00 .00 .00 .000 .250 .300 $385,000.00 N
600117475 BLAMER, DUANE .00 .00 .00 .000 .250 .300 $410,000.00 N
600117476 SISKO, KENNETH .00 .00 .00 .000 .250 .300 $340,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 40
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600117478 PARSONS, WAYNE 1156 WHISPERING DESOTO TX 75115 $244,709.68
600117479 FORT, JAMES 2110 CALIFORNIA MOUNTAIN VIEW CA 94040 $289,189.88
600117480 JOHNSON, GREGORY 2763 FALCON VIE ALAMO CA 94507 $450,776.66
600117482 RENO, E. 2022 WARFIELD A REDONDO BEACH CA 90278 $245,300.97
600117483 BALDRIDGE, EUGENE 562 BELLEFONTAI PASADENA CA 91105 $288,798.78
600117484 CLEEK, ROBERT 2785 ROSSMERE S COLORADO SPRING CO 80919 $264,452.40
600117486 NORRIS, MARK 14371 SILVER HE POWAY CA 92064 $279,432.70
600117487 RADICAN, ROBERT 36161 SUMMITVIL TEMECULA CA 92592 $303,610.97
600117488 TWEDDELL, MICHAEL 30331 WINCHESTE CASTAIC CA 91384 $250,145.26
600117489 HEMBREE, HAROLD 314 PROSPECT ST NEWPORT BEACH CA 92663 $239,684.96
600117490 BUSTAMANTE, BRIAN 812 CLARA DRIVE PALO ALTO CA 94303 $370,660.97
600117492 WU, TA-MING 10344 COLBY AVE CUPERTINO CA 95014 $365,894.05
600117494 GAGE, GEORGE 2110-2112 OAK G WALNUT CREEK CA 94596 $271,835.23
600117495 PITKIN, PETER 1411 ENCHANTED SAN MATEO CA 94402 $299,075.88
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600117478 PARSONS, WAYNE 8.625 .250 8.375 .0500 8.325 12/01/2027
600117479 FORT, JAMES 7.750 .250 7.500 .0500 7.450 12/01/2027
600117480 JOHNSON, GREGORY 7.875 .250 7.625 .0500 7.575 12/01/2027
600117482 RENO, E. 8.125 .250 7.875 .0500 7.825 12/01/2027
600117483 BALDRIDGE, EUGENE 7.875 .250 7.625 .0500 7.575 12/01/2027
600117484 CLEEK, ROBERT 8.125 .250 7.875 .0500 7.825 12/01/2027
600117486 NORRIS, MARK 8.125 .250 7.875 .0500 7.825 12/01/2027
600117487 RADICAN, ROBERT 8.250 .250 8.000 .0500 7.950 12/01/2027
600117488 TWEDDELL, MICHAEL 7.750 .250 7.500 .0500 7.450 12/01/2027
600117489 HEMBREE, HAROLD 8.125 .250 7.875 .0500 7.825 12/01/2027
600117490 BUSTAMANTE, BRIAN 7.625 .250 7.375 .0500 7.325 12/01/2027
600117492 WU, TA-MING 7.875 .250 7.625 .0500 7.575 12/01/2027
600117494 GAGE, GEORGE 8.500 .250 8.250 .0500 8.200 01/01/2028
600117495 PITKIN, PETER 7.750 .250 7.500 .0500 7.450 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600117478 PARSONS, WAYNE 1287929 $1,905.58 02/01/1998 360
600117479 FORT, JAMES 1277870 $2,074.73 02/01/1998 360
600117480 JOHNSON, GREGORY 1275437 $3,272.96 02/01/1998 360
600117482 RENO, E. 1261361 $1,828.03 02/01/1998 360
600117483 BALDRIDGE, EUGENE 1277375 $2,099.80 02/01/1998 360
600117484 CLEEK, ROBERT 1283068 $1,966.13 02/01/1998 360
600117486 NORRIS, MARK 1272749 $2,077.51 02/01/1998 360
600117487 RADICAN, ROBERT 1264654 $2,283.85 02/01/1998 360
600117488 TWEDDELL, MICHAEL 1283688 $1,794.61 02/01/1998 360
600117489 HEMBREE, HAROLD 1241942 $1,781.99 02/01/1998 360
600117490 BUSTAMANTE, BRIAN 1274794 $2,627.33 02/01/1998 360
600117492 WU, TA-MING 1274117 $2,656.65 02/01/1998 360
600117494 GAGE, GEORGE 1280098 $2,091.44 02/01/1998 360
600117495 PITKIN, PETER 1275759 $2,145.65 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600117478 PARSONS, WAYNE .00 .00 .00 .000 .250 .300 $350,000.00 N
600117479 FORT, JAMES .00 .00 .00 .000 .250 .300 $362,000.00 N
600117480 JOHNSON, GREGORY .00 .00 .00 .000 .250 .300 $650,000.00 N
600117482 RENO, E. .00 .00 .00 .000 .250 .300 $330,000.00 N
600117483 BALDRIDGE, EUGENE .00 .00 .00 .000 .250 .300 $659,000.00 N
600117484 CLEEK, ROBERT .00 .00 .00 .000 .250 .300 $331,000.00 N
600117486 NORRIS, MARK .00 .00 .00 .000 .250 .300 $395,000.00 N
600117487 RADICAN, ROBERT .00 .00 .00 .000 .250 .300 $380,000.00 N
600117488 TWEDDELL, MICHAEL .00 .00 .00 .000 .250 .300 $425,000.00 N
600117489 HEMBREE, HAROLD .00 .00 .00 .000 .250 .300 $310,000.00 N
600117490 BUSTAMANTE, BRIAN .00 .00 .00 .000 .250 .300 $470,000.00 N
600117492 WU, TA-MING .00 .00 .00 .000 .250 .300 $458,000.00 N
600117494 GAGE, GEORGE .00 .00 .00 .000 .250 .300 $340,000.00 N
600117495 PITKIN, PETER .00 .00 .00 .000 .250 .300 $500,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 41
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600117496 BELCHER, THOMAS 18 DOWNEY PLACE OAKLAND CA 94610 $349,528.74
600117497 QUIOGUE, LAMBERTO 2882 SWEETLEAF SAN JOSE CA 95148 $250,961.64
600117499 NARAYAN, NARENDRA 651 VISTA HILL FREMONT CA 94536 $647,105.17
600117500 THORNGREN, PETER 15765 AND 15775 RAMONA CA 92065 $299,596.08
600117501 HAYASHI, JAMES 8824 CANARY AVE FOUNTAIN VALLEY CA 92708 $295,370.46
600117502 ASH, STEVEN 14 CAMEO C LAGUNA NIGUEL CA 92677 $333,459.36
600117503 MAISANO, MARC 2551 31ST SAN FRANCISCO CA 94116 $255,470.40
600117504 MOORE, ROBERT 187 ALBERT PLAC COSTA MESA CA 92627 $275,637.70
600117505 INBODEN, GREGG 2422 FRANCES ST LA CRESCENTA CA 91214 $254,706.58
600117506 BOCK, JR., CHARLES 324 BORICA PLAC DANVILLE CA 94526 $277,116.79
600117507 TABLER, CRAIG 3129 CALLE NOGU SANTA BARBARA CA 93105 $250,653.40
600117508 WANG, GUANGRAN 533 RAMOS COURT MILPITAS CA 95035 $242,664.44
600117510 ROGERS, JONATHAN 23232 OXNARD ST WOODLAND HILLS CA 91367 $229,498.34
600117511 LEIGH, GARRISON 1711 BONITA VIS LA CANADA FLINT CA 91011 $393,495.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600117496 BELCHER, THOMAS 8.000 .250 7.750 .0500 7.700 12/01/2027
600117497 QUIOGUE, LAMBERTO 8.000 .250 7.750 .0500 7.700 12/01/2027
600117499 NARAYAN, NARENDRA 7.875 .250 7.625 .0500 7.575 12/01/2027
600117500 THORNGREN, PETER 8.000 .250 7.750 .0500 7.700 12/01/2027
600117501 HAYASHI, JAMES 7.625 .250 7.375 .0500 7.325 12/01/2027
600117502 ASH, STEVEN 7.875 .250 7.625 .0500 7.575 12/01/2027
600117503 MAISANO, MARC 7.750 .250 7.500 .0500 7.450 12/01/2027
600117504 MOORE, ROBERT 8.125 .250 7.875 .0500 7.825 12/01/2027
600117505 INBODEN, GREGG 8.000 .250 7.750 .0500 7.700 12/01/2027
600117506 BOCK, JR., CHARLES 7.875 .250 7.625 .0500 7.575 12/01/2027
600117507 TABLER, CRAIG 7.875 .250 7.625 .0500 7.575 12/01/2027
600117508 WANG, GUANGRAN 7.875 .250 7.625 .0500 7.575 12/01/2027
600117510 ROGERS, JONATHAN 8.125 .250 7.875 .0500 7.825 12/01/2027
600117511 LEIGH, GARRISON 8.250 .250 8.000 .0500 7.950 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600117496 BELCHER, THOMAS 1274661 $2,568.18 02/01/1998 360
600117497 QUIOGUE, LAMBERTO 1271162 $1,843.95 02/01/1998 360
600117499 NARAYAN, NARENDRA 1272533 $4,698.45 02/01/1998 360
600117500 THORNGREN, PETER 1256767 $2,201.29 02/01/1998 360
600117501 HAYASHI, JAMES 1277151 $2,093.65 02/01/1998 360
600117502 ASH, STEVEN 1213792 $2,428.98 02/01/1998 360
600117503 MAISANO, MARC 1062272 $1,834.02 02/01/1998 360
600117504 MOORE, ROBERT 1248269 $2,049.29 02/01/1998 360
600117505 INBODEN, GREGG 1272442 $1,871.47 02/01/1998 360
600117506 BOCK, JR., CHARLES 1274232 $2,012.07 02/01/1998 360
600117507 TABLER, CRAIG 1253038 $1,819.92 02/01/1998 360
600117508 WANG, GUANGRAN 1274091 $1,761.92 02/01/1998 360
600117510 ROGERS, JONATHAN 1279298 $1,706.26 02/01/1998 360
600117511 LEIGH, GARRISON 1268879 $2,959.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600117496 BELCHER, THOMAS .00 .00 .00 .000 .250 .300 $585,000.00 N
600117497 QUIOGUE, LAMBERTO .00 .00 .00 .000 .250 .300 $318,000.00 N
600117499 NARAYAN, NARENDRA .00 .00 .00 .000 .250 .300 $1,250,000.00 N
600117500 THORNGREN, PETER .00 .00 .00 .000 .250 .300 $400,000.00 N
600117501 HAYASHI, JAMES .00 .00 .00 .000 .250 .300 $370,000.00 N
600117502 ASH, STEVEN .00 .00 .00 .000 .250 .300 $420,000.00 N
600117503 MAISANO, MARC .00 .00 .00 .000 .250 .300 $320,000.00 N
600117504 MOORE, ROBERT .00 .00 .00 .000 .250 .300 $370,000.00 N
600117505 INBODEN, GREGG .00 .00 .00 .000 .250 .300 $350,000.00 N
600117506 BOCK, JR., CHARLES .00 .00 .00 .000 .250 .300 $370,000.00 N
600117507 TABLER, CRAIG .00 .00 .00 .000 .250 .300 $420,000.00 N
600117508 WANG, GUANGRAN .00 .00 .00 .000 .250 .300 $342,000.00 N
600117510 ROGERS, JONATHAN .00 .00 .00 .000 .250 .300 $315,000.00 N
600117511 LEIGH, GARRISON .00 .00 .00 .000 .250 .300 $610,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 42
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118179 REYNOLDS 11254 NE 112TH KIRKLAND WA 99999 $264,756.91
600118183 LAKE,BARBARA M. 456 CEDAR HILL DRIVE SAN RAFAEL CA 94903 $339,530.48
600118184 KATZ,GARY,MELISSA 2079 FORDHAM DRIVE SANTA CLARA CA 95051 $229,556.99
600118188 LONAS,DONALD,BARBARA 1505 MOLLY LANE GRANTS PASS OR 97527 $63,618.48
600118190 HOLMES,JOHN, KARI 670 POWDERHORN DRIVE JACKSONVILLE OR 97530 $269,438.90
600118192 SPRINGER,DAN,MARJORIE 108 MEADOWLAKES DRIVE MEADOWLAKES TX 78654 $51,238.01
600118194 VENTURA,JOSEPH,TERESA 606 GOLDTHREAD COURT JACKSON NJ 08527 $51,909.61
600118201 JORDAN,PAUL SCOTT 1976 FRENCH CAMP CIRCLE GOLD RIVER CA 95670 $243,103.17
600118205 WEAVER,DAVID W.,FAY A. 15109 N.E. 2ND STREET AURORA OR 97002 $319,196.02
600118208 TRUJILLO,JOE,DIANNE 3809 WEST 7TH STREET GREELEY CO 80634 $81,047.53
600118218 QUALLS,DAVID N 200 SOUTHWEST FLORENCE AV GRESHAM OR 97080 $36,526.62
600118243 PAYNE/COOPER,DAN/MARTHA 1065 GALLS CREEK ROAD GOLD HILL OR 97525 $255,672.40
600118249 MALONEY,WILLIAM, CAROL 8149 NORTHEAST LITTLE BOS KINGSTON WA 98346 $78,674.29
600118251 NORCUTT,GEORGE,CYNTHIA 2727 HAWKER LANE SODA SPRINGS ID 83276 $76,795.82
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118179 REYNOLDS 8.125 .250 7.875 .0500 7.825 07/01/2027
600118183 LAKE,BARBARA M. 7.875 .250 7.625 .0400 7.585 12/01/2027
600118184 KATZ,GARY,MELISSA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118188 LONAS,DONALD,BARBARA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118190 HOLMES,JOHN, KARI 7.875 .250 7.625 .0400 7.585 11/01/2027
600118192 SPRINGER,DAN,MARJORIE 8.375 .250 8.125 .0400 8.085 09/01/2027
600118194 VENTURA,JOSEPH,TERESA 8.750 .250 8.500 .0400 8.460 11/01/2027
600118201 JORDAN,PAUL SCOTT 8.500 .250 8.250 .0400 8.210 10/01/2027
600118205 WEAVER,DAVID W.,FAY A. 8.375 .250 8.125 .0400 8.085 10/01/2027
600118208 TRUJILLO,JOE,DIANNE 8.375 .250 8.125 .0400 8.085 11/01/2027
600118218 QUALLS,DAVID N 8.625 .250 8.375 .0400 8.335 11/01/2027
600118243 PAYNE/COOPER,DAN/MARTHA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118249 MALONEY,WILLIAM, CAROL 8.125 .250 7.875 .0400 7.835 08/01/2027
600118251 NORCUTT,GEORGE,CYNTHIA 8.500 .250 8.250 .0400 8.210 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118179 REYNOLDS 092481474 $1,975.05 12 02/01/1998 360
600118183 LAKE,BARBARA M. 496160 $2,465.24 02/01/1998 360
600118184 KATZ,GARY,MELISSA 496167 $1,727.91 02/01/1998 360
600118188 LONAS,DONALD,BARBARA 496258 $478.56 02/01/1998 360
600118190 HOLMES,JOHN, KARI 504586 $1,957.69 02/01/1998 360
600118192 SPRINGER,DAN,MARJORIE 507682 $390.68 02/01/1998 360
600118194 VENTURA,JOSEPH,TERESA 507756 $409.08 1 02/01/1998 360
600118201 JORDAN,PAUL SCOTT 507846 $1,873.84 02/01/1998 360
600118205 WEAVER,DAVID W.,FAY A. 507870 $2,432.23 02/01/1998 360
600118208 TRUJILLO,JOE,DIANNE 507897 $617.18 02/01/1998 360
600118218 QUALLS,DAVID N 517809 $291.67 02/01/1998 360
600118243 PAYNE/COOPER,DAN/MARTHA 522656 $1,923.24 02/01/1998 360
600118249 MALONEY,WILLIAM, CAROL 523817 $594.00 02/01/1998 360
600118251 NORCUTT,GEORGE,CYNTHIA 523877 $596.29 33 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118179 REYNOLDS .00 .00 .00 .000 .250 .300 $280,000.00 N
600118183 LAKE,BARBARA M. $535,000.00 N
600118184 KATZ,GARY,MELISSA $354,000.00 N
600118188 LONAS,DONALD,BARBARA $98,000.00 N
600118190 HOLMES,JOHN, KARI $356,000.00 N
600118192 SPRINGER,DAN,MARJORIE $98,000.00 N
600118194 VENTURA,JOSEPH,TERESA $59,000.00 N
600118201 JORDAN,PAUL SCOTT $328,000.00 N
600118205 WEAVER,DAVID W.,FAY A. $400,000.00 N
600118208 TRUJILLO,JOE,DIANNE $101,500.00 N
600118218 QUALLS,DAVID N $50,000.00 N
600118243 PAYNE/COOPER,DAN/MARTHA $320,000.00 N
600118249 MALONEY,WILLIAM, CAROL $146,000.00 N
600118251 NORCUTT,GEORGE,CYNTHIA $86,200.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 43
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118253 MOFFAT,ROBERT,HEATHER 5268 PEARLMAN WAY SAN DIEGO CA 92130 $354,815.24
600118255 TIMOTHY/YEAGER,DAWN/SCOTT 2186 SOUTHWEST 35TH STREE REDMOND OR 97756 $53,105.11
600118256 FRABOTTA,LILLIE M 1651 SOUTH CORONADO AVENU BOISE ID 83709 $94,984.36
600118271 IVERSON,ANN 1111 DUCHESS ROAD BOTHELL WA 98012 $306,314.32
600118273 MA,ALAN,JENNIFER 9209 190TH STREET SOUTHWE EDMONDS WA 98020 $307,605.85
600118288 BAYLESS,SMOKY 856 B AVENUE CORONADO CA 92118 $251,115.37
600118295 ROTH,JOHN 20231 RAMONA LANE HUNTINGTON BEAC CA 92646 $237,703.11
600118309 COHEN,JEFFREY,MINAKO 151 VALDEZ AVENUE SAN FRANCISCO CA 94112 $302,840.69
600118311 TAYLOR,STEVEN, JULIE 12288 SOUTH GRAYSTONE COU DRAPER UT 84020 $307,664.16
600118314 LAPERA,RUDY,LYNN 4714 MUIRFIELD COURT SANTA ROSA CA 95405 $347,621.01
600118333 ORRISON,KENNETH S. 941-943 WEST GRANITE BUTTE MT 59701 $38,357.88
600118335 BRAUN,KIM 30 SOUTH THIRD STREET CAMBRIDGE ID 83610 $49,398.06
600118345 ANTONOV,ALEX,GALINA 5676 SOUTH 307TH STREET AUBURN WA 98001 $87,843.03
600118354 WEBSTER,JOHN C.,EVELYN 413 LEMMON ROAD PORT ANGELES WA 98362 $319,579.94
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118253 MOFFAT,ROBERT,HEATHER 8.250 .250 8.000 .0400 7.960 11/01/2027
600118255 TIMOTHY/YEAGER,DAWN/SCOTT 8.625 .250 8.375 .0400 8.335 11/01/2027
600118256 FRABOTTA,LILLIE M 8.500 .250 8.250 .0400 8.210 12/01/2027
600118271 IVERSON,ANN 8.500 .250 8.250 .0400 8.210 01/01/2028
600118273 MA,ALAN,JENNIFER 8.250 .250 8.000 .0400 7.960 12/01/2027
600118288 BAYLESS,SMOKY 8.250 .250 8.000 .0400 7.960 11/01/2027
600118295 ROTH,JOHN 8.375 .250 8.125 .0400 8.085 12/01/2027
600118309 COHEN,JEFFREY,MINAKO 8.625 .250 8.375 .0400 8.335 12/01/2027
600118311 TAYLOR,STEVEN, JULIE 8.750 .250 8.500 .0400 8.460 11/01/2027
600118314 LAPERA,RUDY,LYNN 7.875 .250 7.625 .0400 7.585 11/01/2027
600118333 ORRISON,KENNETH S. 9.000 .250 8.750 .0400 8.710 12/01/2027
600118335 BRAUN,KIM 9.000 .250 8.750 .0400 8.710 11/01/2027
600118345 ANTONOV,ALEX,GALINA 8.625 .250 8.375 .0400 8.335 11/01/2027
600118354 WEBSTER,JOHN C.,EVELYN 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118253 MOFFAT,ROBERT,HEATHER 524875 $2,670.75 02/01/1998 360
600118255 TIMOTHY/YEAGER,DAWN/SCOTT 526011 $413.78 02/01/1998 360
600118256 FRABOTTA,LILLIE M 526049 $731.24 02/01/1998 360
600118271 IVERSON,ANN 528190 $2,356.72 02/01/1998 360
600118273 MA,ALAN,JENNIFER 528408 $2,313.90 02/01/1998 360
600118288 BAYLESS,SMOKY 530433 $1,890.19 02/01/1998 360
600118295 ROTH,JOHN 530529 $1,808.97 02/01/1998 360
600118309 COHEN,JEFFREY,MINAKO 531241 $2,358.26 02/01/1998 360
600118311 TAYLOR,STEVEN, JULIE 531782 $2,424.61 02/01/1998 360
600118314 LAPERA,RUDY,LYNN 532207 $2,537.74 02/01/1998 360
600118333 ORRISON,KENNETH S. 535511 $308.98 02/01/1998 360
600118335 BRAUN,KIM 535600 $398.29 12 02/01/1998 360
600118345 ANTONOV,ALEX,GALINA 535719 $684.45 02/01/1998 360
600118354 WEBSTER,JOHN C.,EVELYN 535793 $2,375.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118253 MOFFAT,ROBERT,HEATHER $474,007.00 N
600118255 TIMOTHY/YEAGER,DAWN/SCOTT $71,000.00 N
600118256 FRABOTTA,LILLIE M $118,900.00 N
600118271 IVERSON,ANN $391,751.00 N
600118273 MA,ALAN,JENNIFER $440,000.00 N
600118288 BAYLESS,SMOKY $335,500.00 N
600118295 ROTH,JOHN $298,000.00 N
600118309 COHEN,JEFFREY,MINAKO $379,000.00 N
600118311 TAYLOR,STEVEN, JULIE $398,000.00 N
600118314 LAPERA,RUDY,LYNN $450,000.00 N
600118333 ORRISON,KENNETH S. $48,000.00 N
600118335 BRAUN,KIM $55,000.00 N
600118345 ANTONOV,ALEX,GALINA $110,000.00 N
600118354 WEBSTER,JOHN C.,EVELYN $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 44
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118357 LEMMEL,KELLIE K.,JOHN 458 STERLING DRIVE BELLINGHAM WA 98226 $78,598.32
600118359 REEVES,JAMES,JUDITH 1767 WEST BIG LAKE BOULEV MOUNT VERNON WA 98274 $236,473.01
600118366 KRAMB,ROBERT, MERIDEE 861 TULARE STREET PISMO BEACH CA 93449 $295,458.25
600118367 DEMUTH,BERNARD,BRENDA 1406 PROVINCETOWN CIRCLE LUTZ FL 33549 $109,459.74
600118372 ZAPPIA,WENDY,DOMINICK 10981 NORTH WARREN ROAD MARICOPA AZ 85239 $92,989.68
600118375 LEON,DAVID,MARGARET 31013 NORTH 42ND WAY CAVE CREEK AZ 85331 $122,628.86
600118378 BELL/WEBB,LARRY/JANET 14 MAESTAS ROAD RANCHOS DE TAOS NM 87571 $246,367.83
600118384 FLORES,JAVIER,SHARON 3222 EAST FARMDALE AVENUE MESA AZ 85204 $62,869.09
600118390 VOSTAD,JANIS 14402 NORTH 23RD STREET PHOENIX AZ 85022 $59,104.78
600118391 SOMERS,CANDICE,JIM 10124 EAST IRIS ROAD MESA AZ 85207 $76,906.39
600118392 JONES,JON 5618 EAST TWENTY-EIGHTH S TUCSON AZ 85711 $43,499.29
600118400 HAMOUZ/HAMOUZ,VICTORIA/WI 850 SOUTH RIVER DRIVE TEMPE AZ 85281 $54,924.05
600118406 PUNG,THAY,SOKENG 735 NORTH ARROWHEAD DRIVE CHANDLER AZ 85224 $122,262.25
600118414 JAMES,PAUL,DORI 1126 NORTH MARCH CIRCLE MESA AZ 85203 $78,713.60
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118357 LEMMEL,KELLIE K.,JOHN 8.250 .250 8.000 .0400 7.960 11/01/2027
600118359 REEVES,JAMES,JUDITH 7.875 .250 7.625 .0400 7.585 12/01/2027
600118366 KRAMB,ROBERT, MERIDEE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118367 DEMUTH,BERNARD,BRENDA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118372 ZAPPIA,WENDY,DOMINICK 8.625 .250 8.375 .0400 8.335 12/01/2027
600118375 LEON,DAVID,MARGARET 8.750 .250 8.500 .0400 8.460 11/01/2027
600118378 BELL/WEBB,LARRY/JANET 8.000 .250 7.750 .0400 7.710 12/01/2027
600118384 FLORES,JAVIER,SHARON 7.875 .250 7.625 .0400 7.585 11/01/2027
600118390 VOSTAD,JANIS 9.125 .250 8.875 .0400 8.835 11/01/2027
600118391 SOMERS,CANDICE,JIM 8.500 .250 8.250 .0400 8.210 12/01/2027
600118392 JONES,JON 8.750 .250 8.500 .0400 8.460 12/01/2027
600118400 HAMOUZ/HAMOUZ,VICTORIA/WI 7.875 .250 7.625 .0400 7.585 12/01/2027
600118406 PUNG,THAY,SOKENG 8.875 .250 8.625 .0400 8.585 12/01/2027
600118414 JAMES,PAUL,DORI 9.000 .250 8.750 .0400 8.710 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118357 LEMMEL,KELLIE K.,JOHN 535801 $591.62 02/01/1998 360
600118359 REEVES,JAMES,JUDITH 535809 $1,716.96 02/01/1998 360
600118366 KRAMB,ROBERT, MERIDEE 536692 $2,275.98 02/01/1998 360
600118367 DEMUTH,BERNARD,BRENDA 536698 $823.39 02/01/1998 360
600118372 ZAPPIA,WENDY,DOMINICK 537315 $724.12 7 02/01/1998 360
600118375 LEON,DAVID,MARGARET 537395 $968.43 02/01/1998 360
600118378 BELL/WEBB,LARRY/JANET 537430 $1,810.20 02/01/1998 360
600118384 FLORES,JAVIER,SHARON 537478 $456.79 02/01/1998 360
600118390 VOSTAD,JANIS 537495 $481.67 02/01/1998 360
600118391 SOMERS,CANDICE,JIM 537500 $592.06 2 02/01/1998 360
600118392 JONES,JON 537501 $343.00 02/01/1998 360
600118400 HAMOUZ/HAMOUZ,VICTORIA/WI 537548 $398.79 02/01/1998 360
600118406 PUNG,THAY,SOKENG 537584 $973.87 02/01/1998 360
600118414 JAMES,PAUL,DORI 537671 $634.04 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118357 LEMMEL,KELLIE K.,JOHN $105,000.00 N
600118359 REEVES,JAMES,JUDITH $335,000.00 N
600118366 KRAMB,ROBERT, MERIDEE $375,000.00 N
600118367 DEMUTH,BERNARD,BRENDA $137,000.00 N
600118372 ZAPPIA,WENDY,DOMINICK $98,000.00 N
600118375 LEON,DAVID,MARGARET $153,900.00 N
600118378 BELL/WEBB,LARRY/JANET $550,000.00 N
600118384 FLORES,JAVIER,SHARON $87,000.00 N
600118390 VOSTAD,JANIS $79,000.00 N
600118391 SOMERS,CANDICE,JIM $88,000.00 N
600118392 JONES,JON $54,500.00 N
600118400 HAMOUZ/HAMOUZ,VICTORIA/WI $70,000.00 N
600118406 PUNG,THAY,SOKENG $153,000.00 N
600118414 JAMES,PAUL,DORI $98,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 45
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118415 COLELLA,PAUL 10191 EAST COCHISE DRIVE SCOTTSDALE AZ 85258 $329,588.34
600118422 CHATIMONTREE/AR,APICHAT, 4764 LINARO DRIVE CYPRESS CA 90630 $266,199.22
600118424 RABBI,ABU 149-09 85TH DRIVE JAMAICA NY 11432 $259,440.18
600118425 HAYES,GORDON,LYNN FIRE BOX 183 RESERVOIR RO MARGARETVILLE NY 12455 $66,275.32
600118442 MACDONELL,ALEX R, JUDY 1326 AVALON DRIVE SAN JOSE CA 95125 $298,108.15
600118449 STILLMAN,LEIGH, TODD 151 URBANO WAY SAN FRANCISCO CA 94127 $291,480.20
600118451 HUEBNER,DENNIS, CYNTHIA 9205 VISTA DEL MONTE COUR GILROY CA 95020 $362,593.05
600118453 ROSEN,LESTER 30 APOLLO ROAD TIBURON CA 94920 $269,189.53
600118456 BROWN,CALVIN 2151 MAURY AVENUE SAINT LOUIS MO 63110 $43,118.27
600118458 HERSHKO,ITZHAK 3906 CARREL BLVD OCEANSIDE NY 11572 $273,124.32
600118463 STAKEBAKE,JERRY,WANDA 1200 COLLEGE AVENUE BOULDER CO 80302 $57,876.39
600118467 UDELL,ROBERT,CANDIE 1 WHITE BIRCH IRVINE CA 92604 $263,764.43
600118470 KALLIO/KALLIO,ERIC/ROXANN 1666 ENGLISH COURT SAN JOSE CA 95129 $339,293.41
600118476 WINN,BONNIE 14 BIRCH AVENUE CORTE MADERA CA 94925 $261,954.48
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118415 COLELLA,PAUL 8.375 .250 8.125 .0400 8.085 12/01/2027
600118422 CHATIMONTREE/AR,APICHAT, 8.375 .250 8.125 .0400 8.085 11/01/2027
600118424 RABBI,ABU 9.125 .250 8.875 .0400 8.835 10/01/2027
600118425 HAYES,GORDON,LYNN 8.375 .250 8.125 .0400 8.085 11/01/2027
600118442 MACDONELL,ALEX R, JUDY 8.125 .250 7.875 .0400 7.835 12/01/2027
600118449 STILLMAN,LEIGH, TODD 7.875 .250 7.625 .0400 7.585 10/01/2027
600118451 HUEBNER,DENNIS, CYNTHIA 7.625 .250 7.375 .0400 7.335 10/01/2027
600118453 ROSEN,LESTER 8.375 .250 8.125 .0400 8.085 11/01/2027
600118456 BROWN,CALVIN 8.375 .250 8.125 .0400 8.085 11/01/2027
600118458 HERSHKO,ITZHAK 8.750 .250 8.500 .0400 8.460 11/01/2027
600118463 STAKEBAKE,JERRY,WANDA 7.750 .250 7.500 .0400 7.460 11/01/2027
600118467 UDELL,ROBERT,CANDIE 8.000 .250 7.750 .0400 7.710 11/01/2027
600118470 KALLIO/KALLIO,ERIC/ROXANN 7.875 .250 7.625 .0400 7.585 11/01/2027
600118476 WINN,BONNIE 7.875 .250 7.625 .0400 7.585 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118415 COLELLA,PAUL 537672 $2,508.24 02/01/1998 360
600118422 CHATIMONTREE/AR,APICHAT, 537934 $2,027.11 02/01/1998 360
600118424 RABBI,ABU 538029 $2,115.45 02/01/1998 360
600118425 HAYES,GORDON,LYNN 538030 $504.69 02/01/1998 360
600118442 MACDONELL,ALEX R, JUDY 538363 $2,216.35 02/01/1998 360
600118449 STILLMAN,LEIGH, TODD 538461 $2,120.83 02/01/1998 360
600118451 HUEBNER,DENNIS, CYNTHIA 538509 $2,574.60 02/01/1998 360
600118453 ROSEN,LESTER 538569 $2,052.20 02/01/1998 360
600118456 BROWN,CALVIN 538628 $328.35 12 02/01/1998 360
600118458 HERSHKO,ITZHAK 538647 $2,152.41 02/01/1998 360
600118463 STAKEBAKE,JERRY,WANDA 538680 $415.52 02/01/1998 360
600118467 UDELL,ROBERT,CANDIE 538741 $1,939.34 02/01/1998 360
600118470 KALLIO/KALLIO,ERIC/ROXANN 538792 $2,465.24 02/01/1998 360
600118476 WINN,BONNIE 538851 $1,903.31 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118415 COLELLA,PAUL $478,000.00 N
600118422 CHATIMONTREE/AR,APICHAT, $335,000.00 N
600118424 RABBI,ABU $325,000.00 N
600118425 HAYES,GORDON,LYNN $83,000.00 N
600118442 MACDONELL,ALEX R, JUDY $398,000.00 N
600118449 STILLMAN,LEIGH, TODD $390,000.00 N
600118451 HUEBNER,DENNIS, CYNTHIA $485,000.00 N
600118453 ROSEN,LESTER $392,000.00 N
600118456 BROWN,CALVIN $48,000.00 N
600118458 HERSHKO,ITZHAK $342,000.00 N
600118463 STAKEBAKE,JERRY,WANDA $95,500.00 N
600118467 UDELL,ROBERT,CANDIE $342,000.00 N
600118470 KALLIO/KALLIO,ERIC/ROXANN $425,000.00 N
600118476 WINN,BONNIE $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 46
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118477 MATTHEWS,RICHARD,SYLVIA 16281 VERMEER DRIVE CHINO HILLS CA 91709 $233,463.49
600118478 BORISCH,JANET C 73388 POINCIANA PLACE PALM DESERT CA 92260 $235,210.35
600118486 EDWARDS,FRANK, CELIA 16 BEE RANCH ROAD SIERRA CITY CA 96125 $239,692.87
600118499 ANDERSEN,HOLGER,LEATRICE 956 MESA ROAD NIPOMO CA 93444 $247,484.62
600118503 ORANGE,BRUCE,JOANN 1290 KINGSBURY GRADE GARDNERVILE NV 89410 $359,573.39
600118509 OKAMITSU,GREGG,DAYLE 1116 LARCH AVENUE MORAGA CA 94566 $289,397.35
600118520 CALVILLO,MARCELINO 16666 LAWTON WAY GRASS VALLEY CA 95945 $303,556.31
600118539 DAVIDSON,JAMES,NANCY 2207 WINTERHAVEN ROAD FALLBROOK CA 92028 $231,575.37
600118543 UHE,ERIC 12425 WOODGREEN STREET LOS ANGELES CA 90066 $287,459.21
600118546 ROCHA,IGNACIO,MARTHA 2306 EAST DEBORAH LANE ORANGE CA 92869 $247,657.54
600118553 JENSEN,CARL,SHARON 133 NORTH 170 EAST OREM UT 84057 $230,393.92
600118563 HOVDA,LEIF,LAURA 9210 EAST GIRARD AVENUE DENVER CO 80231 $36,887.40
600118564 HORSLEY,STEVEN,KYUNGHE 193 NORTH VALLEY VIEW DRI NORTH SALT LAKE UT 84054 $229,577.01
600118566 MARLIN,TONY,ELAINE 580 SOUTH MAPLE WOODLAND HILLS UT 84653 $276,818.80
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118477 MATTHEWS,RICHARD,SYLVIA 7.875 .250 7.625 .0400 7.585 11/01/2027
600118478 BORISCH,JANET C 8.000 .250 7.750 .0400 7.710 11/01/2027
600118486 EDWARDS,FRANK, CELIA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118499 ANDERSEN,HOLGER,LEATRICE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118503 ORANGE,BRUCE,JOANN 8.625 .250 8.375 .0400 8.335 12/01/2027
600118509 OKAMITSU,GREGG,DAYLE 7.875 .250 7.625 .0400 7.585 11/01/2027
600118520 CALVILLO,MARCELINO 8.250 .250 8.000 .0400 7.960 01/01/2028
600118539 DAVIDSON,JAMES,NANCY 8.500 .250 8.250 .0400 8.210 11/01/2027
600118543 UHE,ERIC 8.375 .250 8.125 .0400 8.085 11/01/2027
600118546 ROCHA,IGNACIO,MARTHA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118553 JENSEN,CARL,SHARON 8.125 .250 7.875 .0400 7.835 11/01/2027
600118563 HOVDA,LEIF,LAURA 8.875 .250 8.625 .0400 8.585 11/01/2027
600118564 HORSLEY,STEVEN,KYUNGHE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118566 MARLIN,TONY,ELAINE 8.125 .250 7.875 .0400 7.835 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118477 MATTHEWS,RICHARD,SYLVIA 538857 $1,696.30 14 02/01/1998 360
600118478 BORISCH,JANET C 538859 $1,731.68 02/01/1998 360
600118486 EDWARDS,FRANK, CELIA 539777 $1,803.04 02/01/1998 360
600118499 ANDERSEN,HOLGER,LEATRICE 540356 $1,798.17 02/01/1998 360
600118503 ORANGE,BRUCE,JOANN 540646 $2,800.04 02/01/1998 360
600118509 OKAMITSU,GREGG,DAYLE 540724 $2,102.70 02/01/1998 360
600118520 CALVILLO,MARCELINO 540810 $2,281.97 02/01/1998 360
600118539 DAVIDSON,JAMES,NANCY 541858 $1,783.88 02/01/1998 360
600118543 UHE,ERIC 542740 $2,189.01 02/01/1998 360
600118546 ROCHA,IGNACIO,MARTHA 542772 $1,798.17 02/01/1998 360
600118553 JENSEN,CARL,SHARON 543147 $1,714.05 02/01/1998 360
600118563 HOVDA,LEIF,LAURA 543385 $293.99 2 02/01/1998 360
600118564 HORSLEY,STEVEN,KYUNGHE 543386 $1,748.17 02/01/1998 360
600118566 MARLIN,TONY,ELAINE 543403 $2,056.72 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118477 MATTHEWS,RICHARD,SYLVIA $260,000.00 N
600118478 BORISCH,JANET C $295,000.00 N
600118486 EDWARDS,FRANK, CELIA $300,000.00 N
600118499 ANDERSEN,HOLGER,LEATRICE $310,000.00 N
600118503 ORANGE,BRUCE,JOANN $493,300.00 N
600118509 OKAMITSU,GREGG,DAYLE $373,000.00 N
600118520 CALVILLO,MARCELINO $405,000.00 N
600118539 DAVIDSON,JAMES,NANCY $290,000.00 N
600118543 UHE,ERIC $360,000.00 N
600118546 ROCHA,IGNACIO,MARTHA $315,000.00 N
600118553 JENSEN,CARL,SHARON $288,600.00 N
600118563 HOVDA,LEIF,LAURA $43,500.00 N
600118564 HORSLEY,STEVEN,KYUNGHE $290,000.00 N
600118566 MARLIN,TONY,ELAINE $375,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 47
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118569 HESSE,DONALD,SUSAN 6269 NORTHWOODS GLEN DRIV PARKER CO 80134 $234,222.10
600118571 REGENSBERG,YVONNE 7850 ROSLYN STREET COMMERCE CITY CO 80022 $71,001.82
600118583 MUSGRAVE,JOHN/DOLORES 3025 THRUSH DRIVE # 204 MELBOURNE FL 32935 $35,158.29
600118584 STEJSKAL,RANDALL,DIANE 372-374 GREENSBORO SOUTH COLORADO SPRING CO 80906 $56,634.52
600118588 HUTCHISON,DAVID,MARY 3500 ROLLING GREEN FORT COLLINS CO 80525 $74,904.03
600118612 HEINRICH,LELAND/BRENDA 341 WEST MOUNTAIN ROAD CASCADE ID 83611 $242,543.70
600118629 PEACE,ROBERT C.,DEBRA 122 EAST 8TH NORTH STREET MOUNTAIN HOME ID 83647 $23,552.17
600118636 OSTERHOLME,ERIC IRVING 5488 SOUTHWEST ALGER AVEN BEAVERTON OR 97005 $40,853.97
600118654 REYNOLDS,ALLEN,CONSTANCE 17515 SOUTHEAST FOSBERG R BORING OR 97009 $279,816.84
600118656 CAIN,MABEL I. 1437 NORTHEAST MCDONALD L MCMINNVILLE OR 97128 $51,970.09
600118658 PHOMMANETH,KEITH,LAVANNY 8595 SOUTHWEST TURQUOISE BEAVERTON OR 97007 $227,708.22
600118661 TURMAN,DAVID E.,DEBI J 15811 NORTHEAST 10TH STRE VANCOUVER WA 98684 $74,307.20
600118664 PEACE,ROBERT,DEBRA 486 SOUTH 2ND EAST MOUNTAIN HOME ID 83647 $43,150.12
600118681 STALBERGER,ROBERT,BONNIE 1404 NORTHWEST WHITMAN ST CAMAS WA 98607 $255,840.89
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118569 HESSE,DONALD,SUSAN 8.625 .250 8.375 .0400 8.335 12/01/2027
600118571 REGENSBERG,YVONNE 7.875 .250 7.625 .0400 7.585 12/01/2027
600118583 MUSGRAVE,JOHN/DOLORES 8.625 .250 8.375 .0400 8.335 12/01/2027
600118584 STEJSKAL,RANDALL,DIANE 8.750 .250 8.500 .0400 8.460 12/01/2027
600118588 HUTCHISON,DAVID,MARY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118612 HEINRICH,LELAND/BRENDA 8.375 .250 8.125 .0400 8.085 11/01/2027
600118629 PEACE,ROBERT C.,DEBRA 8.000 .250 7.750 .0400 7.710 11/01/2027
600118636 OSTERHOLME,ERIC IRVING 8.875 .250 8.625 .0400 8.585 12/01/2027
600118654 REYNOLDS,ALLEN,CONSTANCE 8.125 .250 7.875 .0400 7.835 01/01/2028
600118656 CAIN,MABEL I. 8.750 .250 8.500 .0400 8.460 01/01/2028
600118658 PHOMMANETH,KEITH,LAVANNY 8.250 .250 8.000 .0400 7.960 12/01/2027
600118661 TURMAN,DAVID E.,DEBI J 8.375 .250 8.125 .0400 8.085 12/01/2027
600118664 PEACE,ROBERT,DEBRA 8.750 .250 8.500 .0400 8.460 12/01/2027
600118681 STALBERGER,ROBERT,BONNIE 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118569 HESSE,DONALD,SUSAN 543443 $1,823.92 02/01/1998 360
600118571 REGENSBERG,YVONNE 543460 $515.52 02/01/1998 360
600118583 MUSGRAVE,JOHN/DOLORES 543569 $273.78 02/01/1998 360
600118584 STEJSKAL,RANDALL,DIANE 543585 $446.06 12 02/01/1998 360
600118588 HUTCHISON,DAVID,MARY 543608 $563.45 02/01/1998 360
600118612 HEINRICH,LELAND/BRENDA 544118 $1,846.98 02/01/1998 360
600118629 PEACE,ROBERT C.,DEBRA 544228 $173.17 02/01/1998 360
600118636 OSTERHOLME,ERIC IRVING 544271 $325.42 02/01/1998 360
600118654 REYNOLDS,ALLEN,CONSTANCE 544382 $2,078.99 02/01/1998 360
600118656 CAIN,MABEL I. 544416 $409.08 02/01/1998 360
600118658 PHOMMANETH,KEITH,LAVANNY 544433 $1,712.89 02/01/1998 360
600118661 TURMAN,DAVID E.,DEBI J 544441 $565.49 02/01/1998 360
600118664 PEACE,ROBERT,DEBRA 544472 $339.85 12 02/01/1998 360
600118681 STALBERGER,ROBERT,BONNIE 544580 $1,945.78 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118569 HESSE,DONALD,SUSAN $335,000.00 N
600118571 REGENSBERG,YVONNE $93,000.00 N
600118583 MUSGRAVE,JOHN/DOLORES $44,000.00 N
600118584 STEJSKAL,RANDALL,DIANE $63,000.00 N
600118588 HUTCHISON,DAVID,MARY $100,000.00 N
600118612 HEINRICH,LELAND/BRENDA $410,000.00 N
600118629 PEACE,ROBERT C.,DEBRA $29,500.00 N
600118636 OSTERHOLME,ERIC IRVING $54,600.00 N
600118654 REYNOLDS,ALLEN,CONSTANCE $380,000.00 N
600118656 CAIN,MABEL I. $65,000.00 N
600118658 PHOMMANETH,KEITH,LAVANNY $285,000.00 N
600118661 TURMAN,DAVID E.,DEBI J $93,000.00 N
600118664 PEACE,ROBERT,DEBRA $48,000.00 N
600118681 STALBERGER,ROBERT,BONNIE $320,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 48
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118687 PAKDAMAN,SHAHROKH,HOMA 3459 ALAMEDA DE LAS PULGA REDWOOD CITY CA 94061 $238,773.28
600118689 SCHMITZ,MICHAEL,LISOLET 244 BOWEN AVENUE APTOS CA 95003 $255,655.31
600118697 BLANKENSHIP,DANNY 14940 BEAR CREEK ROAD BOULDER CREEK CA 95006 $233,269.19
600118699 ALDERESE,JOSEPH 14690 BADGER PASS ROAD MORGAN HILL CA 95037 $329,577.69
600118700 REIMER,MARY 23 FERNWOOD DRIVE LA HONDA CA 94020 $247,252.56
600118702 DANELS,SABRINA,ROGER 127 WOODSIDE DRIVE SAN ANSELMO CA 94960 $336,323.33
600118703 SOKOLIK,KONSTANTINE,VER 1178 OLIVER STREET REDWOOD CITY CA 94062 $231,752.14
600118704 IRANITALAB/BERE,MEHRSHAD/ 64 SHELLEY AVENUE CAMPBELL CA 95008 $243,687.75
600118708 HIRSCH,RONALD 714 - 46TH AVENUE SAN FRANCISCO CA 94121 $257,235.20
600118709 ALSHAK/ALSABEH,NAJEEB/RAN 1713 ANGELO DRIVE BEVERLY HILLS CA 90210 $998,024.27
600118711 LILLIE,TERRANCE,SANDRA 102 VAQUERO WAY REDWOOD CITY CA 94062 $648,747.99
600118717 TAYLOR,STEPHEN 114 MCCORNICK AVENUE SANTA CRUZ CA 95062 $249,326.85
600118719 MOSEKIAN,DAN 1515 GRAND AVENUE PACIFICA CA 94044 $259,473.13
600118722 HAYMAN,WILLIAM,ROSALIE 660 GREYLYN DRIVE SAN RAMON CA 94583 $254,590.07
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118687 PAKDAMAN,SHAHROKH,HOMA 8.625 .250 8.375 .0400 8.335 11/01/2027
600118689 SCHMITZ,MICHAEL,LISOLET 8.000 .250 7.750 .0400 7.710 12/01/2027
600118697 BLANKENSHIP,DANNY 7.750 .250 7.500 .0400 7.460 12/01/2027
600118699 ALDERESE,JOSEPH 8.250 .250 8.000 .0400 7.960 12/01/2027
600118700 REIMER,MARY 7.875 .250 7.625 .0400 7.585 12/01/2027
600118702 DANELS,SABRINA,ROGER 7.875 .250 7.625 .0400 7.585 11/01/2027
600118703 SOKOLIK,KONSTANTINE,VER 9.125 .250 8.875 .0400 8.835 12/01/2027
600118704 IRANITALAB/BERE,MEHRSHAD/ 8.250 .250 8.000 .0400 7.960 12/01/2027
600118708 HIRSCH,RONALD 7.750 .250 7.500 .0400 7.460 12/01/2027
600118709 ALSHAK/ALSABEH,NAJEEB/RAN 8.125 .250 7.875 .0400 7.835 11/01/2027
600118711 LILLIE,TERRANCE,SANDRA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118717 TAYLOR,STEPHEN 8.875 .250 8.625 .0400 8.585 11/01/2027
600118719 MOSEKIAN,DAN 8.000 .250 7.750 .0400 7.710 11/01/2027
600118722 HAYMAN,WILLIAM,ROSALIE 8.500 .250 8.250 .0400 8.210 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118687 PAKDAMAN,SHAHROKH,HOMA 545048 $1,860.47 02/01/1998 360
600118689 SCHMITZ,MICHAEL,LISOLET 545307 $1,878.44 02/01/1998 360
600118697 BLANKENSHIP,DANNY 545885 $1,673.54 02/01/1998 360
600118699 ALDERESE,JOSEPH 545895 $2,479.18 02/01/1998 360
600118700 REIMER,MARY 545912 $1,798.17 02/01/1998 360
600118702 DANELS,SABRINA,ROGER 546010 $2,447.11 02/01/1998 360
600118703 SOKOLIK,KONSTANTINE,VER 546024 $1,887.63 02/01/1998 360
600118704 IRANITALAB/BERE,MEHRSHAD/ 546062 $1,833.09 02/01/1998 360
600118708 HIRSCH,RONALD 546277 $1,845.48 02/01/1998 360
600118709 ALSHAK/ALSABEH,NAJEEB/RAN 546294 $7,424.97 02/01/1998 360
600118711 LILLIE,TERRANCE,SANDRA 546351 $4,883.23 02/01/1998 360
600118717 TAYLOR,STEPHEN 546511 $1,987.12 02/01/1998 360
600118719 MOSEKIAN,DAN 546538 $1,907.79 02/01/1998 360
600118722 HAYMAN,WILLIAM,ROSALIE 546603 $1,959.96 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118687 PAKDAMAN,SHAHROKH,HOMA $299,000.00 N
600118689 SCHMITZ,MICHAEL,LISOLET $320,000.00 N
600118697 BLANKENSHIP,DANNY $292,000.00 N
600118699 ALDERESE,JOSEPH $478,500.00 N
600118700 REIMER,MARY $310,000.00 N
600118702 DANELS,SABRINA,ROGER $450,000.00 N
600118703 SOKOLIK,KONSTANTINE,VER $290,000.00 N
600118704 IRANITALAB/BERE,MEHRSHAD/ $305,000.00 N
600118708 HIRSCH,RONALD $322,000.00 N
600118709 ALSHAK/ALSABEH,NAJEEB/RAN $1,500,000.00 N
600118711 LILLIE,TERRANCE,SANDRA $880,000.00 N
600118717 TAYLOR,STEPHEN $333,000.00 N
600118719 MOSEKIAN,DAN $325,000.00 N
600118722 HAYMAN,WILLIAM,ROSALIE $318,674.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 49
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118723 OMORI,SHIGEKO 551-12TH AVENUE SAN FRANCISCO CA 94118 $349,574.43
600118727 MCCORMACK,JOHN,IRENE 1566-1568 10TH AVENUE SAN FRANCISCO CA 94122 $274,665.64
600118730 FERNANDEZ,PACO,BONNIE 450 ALVARADO STREET BRISBANE CA 94005 $239,560.73
600118732 MIRASSOU,CELESTE 70 SUNRISE AVENUE MILL VALLEY CA 94941 $270,053.97
600118737 SCALLY,MARTIN,CIRIAN,LOUI 3814 HARRISON STREET OAKLAND CA 94611 $238,869.68
600118738 COSENZA,MATTHEW, ANNE 1316 SANCHEZ AVENUE BURLINGAME CA 94010 $262,832.30
600118742 FEIST,ROBERT 818 ANGELUS PLACE LOS ANGELES CA 90291 $328,858.54
600118743 YOUNG,HUEI-FANG 18508 EAST NOTTINGHAM LAN ROWLAND HEIGHTS CA 91748 $249,518.44
600118748 YOUNG-WOLFF,DAVID,PAMELA 2303 27TH STREET SANTA MONICA CA 90405 $316,412.47
600118752 HENRY,CARL,ELIZABETH 4256 HITCH BOULEVARD MOORPARK AREA CA 93021 $235,794.93
600118753 MILLER,MICHAEL,CAROLIN 21631 HONEYSUCKLE STREET TRABUCO CANYON CA 92679 $299,596.08
600118759 DA COSTA,RAUL,JULIETTE 23249 CLARENDON STREET LOS ANGELES CA 91367 $246,891.63
600118760 NICKEL/REYNOLDS,PHYLLIS/S 285 GLENDORA AVENUE LONG BEACH CA 90803 $246,434.23
600118763 PETERSON,ERIC,KIMBERLY 31 EISENHOWER LANE COTO DE CAZA AR CA 92679 $298,659.77
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118723 OMORI,SHIGEKO 8.500 .250 8.250 .0400 8.210 12/01/2027
600118727 MCCORMACK,JOHN,IRENE 8.500 .250 8.250 .0400 8.210 12/01/2027
600118730 FERNANDEZ,PACO,BONNIE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118732 MIRASSOU,CELESTE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118737 SCALLY,MARTIN,CIRIAN,LOUI 7.875 .250 7.625 .0400 7.585 12/01/2027
600118738 COSENZA,MATTHEW, ANNE 8.250 .250 8.000 .0400 7.960 01/01/2028
600118742 FEIST,ROBERT 8.000 .250 7.750 .0400 7.710 11/01/2027
600118743 YOUNG,HUEI-FANG 8.250 .250 8.000 .0400 7.960 11/01/2027
600118748 YOUNG-WOLFF,DAVID,PAMELA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118752 HENRY,CARL,ELIZABETH 8.250 .250 8.000 .0400 7.960 11/01/2027
600118753 MILLER,MICHAEL,CAROLIN 8.000 .250 7.750 .0400 7.710 12/01/2027
600118759 DA COSTA,RAUL,JULIETTE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118760 NICKEL/REYNOLDS,PHYLLIS/S 8.250 .250 8.000 .0400 7.960 12/01/2027
600118763 PETERSON,ERIC,KIMBERLY 8.375 .250 8.125 .0400 8.085 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118723 OMORI,SHIGEKO 546606 $2,691.20 02/01/1998 360
600118727 MCCORMACK,JOHN,IRENE 546656 $2,114.51 02/01/1998 360
600118730 FERNANDEZ,PACO,BONNIE 546675 $1,845.39 02/01/1998 360
600118732 MIRASSOU,CELESTE 546679 $2,031.42 02/01/1998 360
600118737 SCALLY,MARTIN,CIRIAN,LOUI 546803 $1,734.37 02/01/1998 360
600118738 COSENZA,MATTHEW, ANNE 546840 $1,975.83 02/01/1998 360
600118742 FEIST,ROBERT 547463 $2,436.10 02/01/1998 360
600118743 YOUNG,HUEI-FANG 547513 $1,878.17 02/01/1998 360
600118748 YOUNG-WOLFF,DAVID,PAMELA 547679 $2,297.38 02/01/1998 360
600118752 HENRY,CARL,ELIZABETH 547802 $1,774.87 02/01/1998 360
600118753 MILLER,MICHAEL,CAROLIN 547815 $2,201.29 02/01/1998 360
600118759 DA COSTA,RAUL,JULIETTE 547920 $1,878.90 02/01/1998 360
600118760 NICKEL/REYNOLDS,PHYLLIS/S 547943 $1,853.75 02/01/1998 360
600118763 PETERSON,ERIC,KIMBERLY 547966 $2,277.18 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118723 OMORI,SHIGEKO $520,000.00 N
600118727 MCCORMACK,JOHN,IRENE $470,000.00 N
600118730 FERNANDEZ,PACO,BONNIE $300,000.00 N
600118732 MIRASSOU,CELESTE $338,000.00 N
600118737 SCALLY,MARTIN,CIRIAN,LOUI $299,000.00 N
600118738 COSENZA,MATTHEW, ANNE $365,000.00 N
600118742 FEIST,ROBERT $415,000.00 N
600118743 YOUNG,HUEI-FANG $418,350.00 N
600118748 YOUNG-WOLFF,DAVID,PAMELA $422,500.00 N
600118752 HENRY,CARL,ELIZABETH $315,000.00 N
600118753 MILLER,MICHAEL,CAROLIN $405,000.00 N
600118759 DA COSTA,RAUL,JULIETTE $309,000.00 N
600118760 NICKEL/REYNOLDS,PHYLLIS/S $329,000.00 N
600118763 PETERSON,ERIC,KIMBERLY $374,515.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 50
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118767 ELM,DEE,NANCY 420 IMPERIAL DRIVE EDWARDS CO 81632 $228,513.61
600118769 QUESADA,ROBERT,BARBARA 5308 BINDEWALD ROAD TORRANCE CA 90505 $315,391.33
600118776 HARETAKIS,ALEX, SUZANNE 9839 DEBIOIS AVENUE FOUNTAIN VALLEY CA 92708 $227,582.70
600118785 BETTCHER,PAUL,MELANIE 4530 WEST 8TH STREET LOS ANGELES CA 90005 $364,213.93
600118789 HEWITT,RONALD, JOANNE 1321 RAMBLING ROAD SIMI VALLEY CA 93065 $247,690.63
600118790 SPIEGAL,GILBERT,MARILYN 5029 GERALD AVENUE LOS ANGELES CA 91436 $319,130.22
600118792 GEARY,RICK 329 EAST 19TH STREET COSTA MESA CA 92627 $231,052.57
600118794 LITTLE,BRAD,KATHRINE 949 EAST NEWTON LANE PLACENTIA CA 92870 $266,849.25
600118798 HIESHIMA,MICHAEL 556 NORTHERN AVENUE MILL VALLEY CA 94941 $348,971.58
600118801 STEPHENSON,LAWRENCE,SANDR 1890 CALLE ALBERCA CAMARILLO CA 93010 $244,653.04
600118804 GOLA,CANDACE 3824 BEVERLY RIDGE DRIVE LOS ANGELES CA 91423 $335,368.63
600118835 SCARCELLI,PERRY,LISA 14729 BONITA VISTA WAY JAMUL CA 91935 $367,326.46
600118844 RIVERA,STEVEN,BARBARA 15921 AVENIDA SAN MIGUEL LA MIRADA CA 90638 $265,632.69
600118849 BURNLEY,REGINALD 15300 CASINO DRIVE HACIENDA HEIGHT CA 91745 $230,888.71
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118767 ELM,DEE,NANCY 8.375 .250 8.125 .0400 8.085 12/01/2027
600118769 QUESADA,ROBERT,BARBARA 8.250 .250 8.000 .0400 7.960 11/01/2027
600118776 HARETAKIS,ALEX, SUZANNE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118785 BETTCHER,PAUL,MELANIE 8.750 .250 8.500 .0400 8.460 11/01/2027
600118789 HEWITT,RONALD, JOANNE 8.375 .250 8.125 .0400 8.085 12/01/2027
600118790 SPIEGAL,GILBERT,MARILYN 7.875 .250 7.625 .0400 7.585 01/01/2028
600118792 GEARY,RICK 8.250 .250 8.000 .0400 7.960 01/01/2028
600118794 LITTLE,BRAD,KATHRINE 8.125 .250 7.875 .0400 7.835 12/01/2027
600118798 HIESHIMA,MICHAEL 8.125 .250 7.875 .0400 7.835 01/01/2028
600118801 STEPHENSON,LAWRENCE,SANDR 7.750 .250 7.500 .0400 7.460 12/01/2027
600118804 GOLA,CANDACE 8.250 .250 8.000 .0400 7.960 12/01/2027
600118835 SCARCELLI,PERRY,LISA 8.500 .250 8.250 .0400 8.210 11/01/2027
600118844 RIVERA,STEVEN,BARBARA 7.875 .250 7.625 .0400 7.585 12/01/2027
600118849 BURNLEY,REGINALD 8.000 .250 7.750 .0400 7.710 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118767 ELM,DEE,NANCY 548016 $1,739.05 02/01/1998 360
600118769 QUESADA,ROBERT,BARBARA 548024 $2,374.00 02/01/1998 360
600118776 HARETAKIS,ALEX, SUZANNE 548120 $1,753.12 02/01/1998 360
600118785 BETTCHER,PAUL,MELANIE 548201 $2,871.46 02/01/1998 360
600118789 HEWITT,RONALD, JOANNE 548256 $1,884.98 02/01/1998 360
600118790 SPIEGAL,GILBERT,MARILYN 548259 $2,315.51 02/01/1998 360
600118792 GEARY,RICK 548272 $1,736.93 02/01/1998 360
600118794 LITTLE,BRAD,KATHRINE 548291 $1,983.95 02/01/1998 360
600118798 HIESHIMA,MICHAEL 548327 $2,592.80 02/01/1998 360
600118801 STEPHENSON,LAWRENCE,SANDR 548342 $1,755.21 02/01/1998 360
600118804 GOLA,CANDACE 548369 $2,524.26 02/01/1998 360
600118835 SCARCELLI,PERRY,LISA 548773 $2,829.60 02/01/1998 360
600118844 RIVERA,STEVEN,BARBARA 548937 $1,928.68 02/01/1998 360
600118849 BURNLEY,REGINALD 549034 $1,696.46 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118767 ELM,DEE,NANCY $286,000.00 N
600118769 QUESADA,ROBERT,BARBARA $395,000.00 N
600118776 HARETAKIS,ALEX, SUZANNE $285,000.00 N
600118785 BETTCHER,PAUL,MELANIE $460,000.00 N
600118789 HEWITT,RONALD, JOANNE $310,000.00 N
600118790 SPIEGAL,GILBERT,MARILYN $399,220.00 N
600118792 GEARY,RICK $289,000.00 N
600118794 LITTLE,BRAD,KATHRINE $334,000.00 N
600118798 HIESHIMA,MICHAEL $436,500.00 N
600118801 STEPHENSON,LAWRENCE,SANDR $320,000.00 N
600118804 GOLA,CANDACE $440,000.00 N
600118835 SCARCELLI,PERRY,LISA $460,000.00 N
600118844 RIVERA,STEVEN,BARBARA $335,000.00 N
600118849 BURNLEY,REGINALD $289,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 51
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118850 ZAVOLOCK,YELENA 2012 SALIENTE WAY CARLSBAD CA 92009 $263,640.18
600118855 WEIDE/WEIDE,ROBERT/WILLIA 4526 MORELLA AVENUE LOS ANGELES CA 91607 $333,589.60
600118856 BLAISDALE,LISA,CHRISTOPHE 2073 ACACIA DRIVE SAN MARCOS CA 92069 $235,568.03
600118858 LIMBOCKER,DONALD,ROBERTA 17912 OTTER LANE SUNRIVER OR 97707 $146,067.55
600118870 MC MULLEN,KELLY,SOUMINI 42540 MORNINGSIDE COURT HEMET CA 92544 $335,358.25
600118871 WARDENBURG,MARK,BECKY 5839 EAST SANDSTONE COURT ORANGE CA 92869 $274,864.31
600118872 MINIHANE,PATRICK,MARIANN 2233 CORTINA CIRCLE ESCONDIDO CA 92029 $317,560.88
600118874 COCHRAN-NEILAN,LISA 11104 GATEMOORE WAY SAN DIEGO CA 92131 $379,513.71
600118877 LOMBARDI,GARY,KATHLEEN 602 EAST VIRGINIA AVENUE GLENDORA AREA CA 91741 $274,665.64
600118895 GARRERA/AQUINO,JOANNA/DON 7450 SOUTH EASTERN AVENUE LAS VEGAS NV 89123 $85,335.32
600118896 FINKLE,BRUCE 5202 SOLEDAD MOUNTAIN ROA SAN DIEGO CA 92109 $311,166.53
600118898 ANDERSON,CURTIS,SUSAN 83 MONT BLANC WAY LAS VEGAS NV 89124 $279,659.54
600118905 CHARD,DAVID,PATS 13201 47TH PLACE WEST MUKILTEO WA 98275 $238,784.12
600118908 CHOW,EDWARD,AURORA 2518 BARRINGTON COURT NOR OLYMPIA WA 98506 $83,900.46
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118850 ZAVOLOCK,YELENA 8.625 .250 8.375 .0400 8.335 12/01/2027
600118855 WEIDE/WEIDE,ROBERT/WILLIA 8.125 .250 7.875 .0400 7.835 11/01/2027
600118856 BLAISDALE,LISA,CHRISTOPHE 8.500 .250 8.250 .0400 8.210 11/01/2027
600118858 LIMBOCKER,DONALD,ROBERTA 8.375 .250 8.125 .0400 8.085 12/01/2027
600118870 MC MULLEN,KELLY,SOUMINI 8.125 .250 7.875 .0400 7.835 12/01/2027
600118871 WARDENBURG,MARK,BECKY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118872 MINIHANE,PATRICK,MARIANN 7.875 .250 7.625 .0400 7.585 12/01/2027
600118874 COCHRAN-NEILAN,LISA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118877 LOMBARDI,GARY,KATHLEEN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118895 GARRERA/AQUINO,JOANNA/DON 8.250 .250 8.000 .0400 7.960 11/01/2027
600118896 FINKLE,BRUCE 7.875 .250 7.625 .0400 7.585 12/01/2027
600118898 ANDERSON,CURTIS,SUSAN 8.500 .250 8.250 .0400 8.210 12/01/2027
600118905 CHARD,DAVID,PATS 8.750 .250 8.500 .0400 8.460 11/01/2027
600118908 CHOW,EDWARD,AURORA 8.625 .250 8.375 .0400 8.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118850 ZAVOLOCK,YELENA 549048 $2,053.36 02/01/1998 360
600118855 WEIDE/WEIDE,ROBERT/WILLIA 549066 $2,481.80 02/01/1998 360
600118856 BLAISDALE,LISA,CHRISTOPHE 549082 $1,814.64 02/01/1998 360
600118858 LIMBOCKER,DONALD,ROBERTA 549098 $1,111.61 02/01/1998 360
600118870 MC MULLEN,KELLY,SOUMINI 549176 $2,494.79 02/01/1998 360
600118871 WARDENBURG,MARK,BECKY 549183 $2,118.36 02/01/1998 360
600118872 MINIHANE,PATRICK,MARIANN 549191 $2,305.72 02/01/1998 360
600118874 COCHRAN-NEILAN,LISA 549217 $2,854.81 02/01/1998 360
600118877 LOMBARDI,GARY,KATHLEEN 549260 $2,114.51 02/01/1998 360
600118895 GARRERA/AQUINO,JOANNA/DON 549355 $642.33 02/01/1998 360
600118896 FINKLE,BRUCE 549363 $2,262.22 02/01/1998 360
600118898 ANDERSON,CURTIS,SUSAN 549379 $2,152.96 02/01/1998 360
600118905 CHARD,DAVID,PATS 549437 $1,881.79 02/01/1998 360
600118908 CHOW,EDWARD,AURORA 549486 $653.34 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118850 ZAVOLOCK,YELENA $330,000.00 N
600118855 WEIDE/WEIDE,ROBERT/WILLIA $477,500.00 N
600118856 BLAISDALE,LISA,CHRISTOPHE $295,000.00 N
600118858 LIMBOCKER,DONALD,ROBERTA $195,000.00 N
600118870 MC MULLEN,KELLY,SOUMINI $420,000.00 N
600118871 WARDENBURG,MARK,BECKY $344,400.00 N
600118872 MINIHANE,PATRICK,MARIANN $398,000.00 N
600118874 COCHRAN-NEILAN,LISA $475,000.00 N
600118877 LOMBARDI,GARY,KATHLEEN $355,000.00 N
600118895 GARRERA/AQUINO,JOANNA/DON $106,875.00 N
600118896 FINKLE,BRUCE $405,000.00 N
600118898 ANDERSON,CURTIS,SUSAN $350,000.00 N
600118905 CHARD,DAVID,PATS $299,000.00 N
600118908 CHOW,EDWARD,AURORA $109,090.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 52
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118913 CAROLUS,ROBIN,JOSEPH 9715 NORTHEAST 200TH STRE BOTHELL WA 98011 $122,764.06
600118918 STIEF,ROBERT,PAMI 927 NORTH 25TH STREET BILLINGS MT 59101 $35,932.39
600118922 GINTHER,ROBERT,FREDERIK 14200 NORTHEAST 171ST STR WOODINVILLE WA 98072 $79,553.16
600118932 ORLOWSKI,DANIEL M. 1311 39TH STREET EVERETT WA 98201 $87,144.27
600118934 CONWAY,VAN,MARY 6435 WEST ROCKFORD BAY RO COEUR D'ALENE ID 83814 $301,233.29
600118937 PYLE,JACK,JANE 621 WEST LAKE SAMMAMISH P BELLEVUE WA 98008 $291,831.63
600118938 SHELTON,MAXINE L. 804 NORTH 60TH STREET SEATTLE WA 98103 $303,443.57
600118941 HETLAND,LAUREN,ARLINE 3317 DRIFTWOOD LANE BILLINGS MT 59101 $116,875.00
600118943 WALKER/WALKER,PETER/PHILL 4825 MANZANITA STREET EUGENE OR 97405 $143,833.70
600118963 PYLE,H.CHANDLER,CARL 508 SOUTH 10TH STREET LIVINGSTON MT 59047 $82,327.59
600118968 WATTS,RONALD, CONNIE 311 NORTH EARLING MILES CITY MT 59301 $62,965.59
600118975 KNOTTS,RICHARD,CYNTHIA 11034 NORTHEAST 26TH PLAC BELLEVUE WA 98004 $306,806.87
600118977 VERMEER,LOUIS 4475 BALDY MOUNTAIN ROAD SANDPOINT ID 83864 $247,690.63
600118995 FALLON,DANIEL, JUDY 16570 155TH STREET SOUTHE MONROE WA 98272 $79,897.63
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118913 CAROLUS,ROBIN,JOSEPH 8.250 .250 8.000 .0400 7.960 12/01/2027
600118918 STIEF,ROBERT,PAMI 8.375 .250 8.125 .0400 8.085 11/01/2027
600118922 GINTHER,ROBERT,FREDERIK 8.500 .250 8.250 .0400 8.210 12/01/2027
600118932 ORLOWSKI,DANIEL M. 8.625 .250 8.375 .0400 8.335 11/01/2027
600118934 CONWAY,VAN,MARY 8.500 .250 8.250 .0400 8.210 12/01/2027
600118937 PYLE,JACK,JANE 8.000 .250 7.750 .0400 7.710 11/01/2027
600118938 SHELTON,MAXINE L. 8.500 .250 8.250 .0400 8.210 11/01/2027
600118941 HETLAND,LAUREN,ARLINE 9.125 .250 8.875 .0400 8.835 12/01/2027
600118943 WALKER/WALKER,PETER/PHILL 8.750 .250 8.500 .0400 8.460 12/01/2027
600118963 PYLE,H.CHANDLER,CARL 8.750 .250 8.500 .0400 8.460 01/01/2028
600118968 WATTS,RONALD, CONNIE 9.000 .250 8.750 .0400 8.710 01/01/2028
600118975 KNOTTS,RICHARD,CYNTHIA 8.250 .250 8.000 .0400 7.960 12/01/2027
600118977 VERMEER,LOUIS 8.375 .250 8.125 .0400 8.085 12/01/2027
600118995 FALLON,DANIEL, JUDY 8.250 .250 8.000 .0400 7.960 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118913 CAROLUS,ROBIN,JOSEPH 549531 $924.06 02/01/1998 360
600118918 STIEF,ROBERT,PAMI 549542 $273.63 12 02/01/1998 360
600118922 GINTHER,ROBERT,FREDERIK 549567 $612.44 12 02/01/1998 360
600118932 ORLOWSKI,DANIEL M. 549614 $679.01 12 02/01/1998 360
600118934 CONWAY,VAN,MARY 549623 $2,319.04 02/01/1998 360
600118937 PYLE,JACK,JANE 549639 $2,155.43 02/01/1998 360
600118938 SHELTON,MAXINE L. 549652 $2,337.50 02/01/1998 360
600118941 HETLAND,LAUREN,ARLINE 549666 $951.95 2 02/01/1998 360
600118943 WALKER/WALKER,PETER/PHILL 549689 $1,132.85 1 02/01/1998 360
600118963 PYLE,H.CHANDLER,CARL 549841 $648.24 02/01/1998 360
600118968 WATTS,RONALD, CONNIE 549861 $506.91 7 02/01/1998 360
600118975 KNOTTS,RICHARD,CYNTHIA 549934 $2,307.89 02/01/1998 360
600118977 VERMEER,LOUIS 549942 $1,884.98 02/01/1998 360
600118995 FALLON,DANIEL, JUDY 550100 $601.01 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118913 CAROLUS,ROBIN,JOSEPH $155,000.00 N
600118918 STIEF,ROBERT,PAMI $40,000.00 N
600118922 GINTHER,ROBERT,FREDERIK $88,500.00 N
600118932 ORLOWSKI,DANIEL M. $97,000.00 N
600118934 CONWAY,VAN,MARY $377,000.00 N
600118937 PYLE,JACK,JANE $420,000.00 N
600118938 SHELTON,MAXINE L. $382,000.00 N
600118941 HETLAND,LAUREN,ARLINE $130,000.00 N
600118943 WALKER/WALKER,PETER/PHILL $154,000.00 N
600118963 PYLE,H.CHANDLER,CARL $103,000.00 N
600118968 WATTS,RONALD, CONNIE $70,000.00 N
600118975 KNOTTS,RICHARD,CYNTHIA $384,000.00 N
600118977 VERMEER,LOUIS $310,000.00 N
600118995 FALLON,DANIEL, JUDY $135,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 53
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600118996 MONTAGUE,WALLACE, LYNNE 3106 SMOKEY LANE BILLINGS MT 59102 $243,703.32
600119018 WERHONIG,DONALD,KAY 959 WESTGATE DRIVE BILLINGS MT 59101 $65,416.18
600119025 GRAY,JAMES EARL 549 ASLAN LAIR COURT SANTA ROSA CA 95404 $287,675.89
600119028 COONS,STEPHEN,ANN 973 SUMMERLEAF DRIVE SAN JOSE CA 95120 $290,655.15
600119033 MARKOWITZ,LESLIE C. 2136 PARRISH DRIVE SANTA ROSA CA 95404 $227,700.71
600119042 MANNING,JOHN, KATHLEEN 5300 SANDY KEY DRIVE ORANGE BEACH AL 36561 $229,553.34
600119056 OSTROW,PAUL,CORINNE 9480 NORTH MADISON RIDGE FRESNO CA 93720 $255,563.27
600119059 BLAZENSKY,DAVID 408 KIMBERLEY BROOKE LANE STATELINE NV 89449 $79,845.92
600119068 MELTON-SHROYER,MICHELLE 12425 RANCHERO WAY GRASS VALLEY CA 95949 $271,669.29
600119070 SMITS,STUART,SUZIE 166 MILLS ROAD SACRAMENTO CA 95864 $343,132.28
600119071 DEMAREST,JIM,MONIKA 13236 PURVIS ROAD HERALD CA 95638 $323,585.38
600119079 PETERSON,MICHAEL,ELLEN 3191 CEBADA CANYON ROAD LOMPOC CA 93436 $241,174.84
600119085 WILLIAMS,LARRY 31 BAY FOREST COURT OAKLAND CA 94611 $360,725.66
600119089 VELEZ,DAVID,KATHERINE 3400 WOODLEIGH LANE CAMERON PARK CA 95682 $252,468.16
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600118996 MONTAGUE,WALLACE, LYNNE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119018 WERHONIG,DONALD,KAY 8.250 .250 8.000 .0400 7.960 12/01/2027
600119025 GRAY,JAMES EARL 8.875 .250 8.625 .0400 8.585 12/01/2027
600119028 COONS,STEPHEN,ANN 8.625 .250 8.375 .0400 8.335 12/01/2027
600119033 MARKOWITZ,LESLIE C. 8.125 .250 7.875 .0400 7.835 12/01/2027
600119042 MANNING,JOHN, KATHLEEN 8.250 .250 8.000 .0400 7.960 01/01/2028
600119056 OSTROW,PAUL,CORINNE 8.125 .250 7.875 .0400 7.835 12/01/2027
600119059 BLAZENSKY,DAVID 8.250 .250 8.000 .0400 7.960 11/01/2027
600119068 MELTON-SHROYER,MICHELLE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119070 SMITS,STUART,SUZIE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119071 DEMAREST,JIM,MONIKA 8.250 .250 8.000 .0400 7.960 12/01/2027
600119079 PETERSON,MICHAEL,ELLEN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119085 WILLIAMS,LARRY 7.875 .250 7.625 .0400 7.585 01/01/2028
600119089 VELEZ,DAVID,KATHERINE 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600118996 MONTAGUE,WALLACE, LYNNE 550101 $1,876.15 02/01/1998 360
600119018 WERHONIG,DONALD,KAY 550377 $492.08 02/01/1998 360
600119025 GRAY,JAMES EARL 550464 $2,291.46 02/01/1998 360
600119028 COONS,STEPHEN,ANN 550479 $2,263.37 02/01/1998 360
600119033 MARKOWITZ,LESLIE C. 550551 $1,692.89 02/01/1998 360
600119042 MANNING,JOHN, KATHLEEN 551459 $1,727.91 02/01/1998 360
600119056 OSTROW,PAUL,CORINNE 552010 $1,900.79 02/01/1998 360
600119059 BLAZENSKY,DAVID 552014 $601.01 02/01/1998 360
600119068 MELTON-SHROYER,MICHELLE 552109 $2,091.44 02/01/1998 360
600119070 SMITS,STUART,SUZIE 552129 $2,641.60 2 02/01/1998 360
600119071 DEMAREST,JIM,MONIKA 552130 $2,434.10 02/01/1998 360
600119079 PETERSON,MICHAEL,ELLEN 552156 $1,772.04 02/01/1998 360
600119085 WILLIAMS,LARRY 552238 $2,619.31 12 02/01/1998 360
600119089 VELEZ,DAVID,KATHERINE 552246 $1,877.03 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600118996 MONTAGUE,WALLACE, LYNNE $305,000.00 N
600119018 WERHONIG,DONALD,KAY $82,000.00 N
600119025 GRAY,JAMES EARL $360,000.00 N
600119028 COONS,STEPHEN,ANN $430,000.00 N
600119033 MARKOWITZ,LESLIE C. $285,000.00 N
600119042 MANNING,JOHN, KATHLEEN $320,000.00 N
600119056 OSTROW,PAUL,CORINNE $320,000.00 N
600119059 BLAZENSKY,DAVID $170,000.00 N
600119068 MELTON-SHROYER,MICHELLE $340,000.00 N
600119070 SMITS,STUART,SUZIE $404,200.00 N
600119071 DEMAREST,JIM,MONIKA $410,000.00 N
600119079 PETERSON,MICHAEL,ELLEN $345,000.00 N
600119085 WILLIAMS,LARRY $425,000.00 N
600119089 VELEZ,DAVID,KATHERINE $316,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 54
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119098 LEA,ROBERT,NANCY 746 GREAT HIGHWAY, #3 SAN FRANCISCO CA 94122 $247,845.85
600119102 NEAL,NORMA 3185 CEDARWOOD DRIVE TAHOE CITY CA 96145 $261,141.70
600119111 BASOW,WILLIAM,JUDITH 1943 DORSET DRIVE FORT COLLINS CO 80526 $87,893.01
600119112 BASOW,WILLIAM,JUDITH 2448 CHEVIOT DRIVE FORT COLLINS CO 80526 $96,282.79
600119125 ARCHER,THOMAS,JEANETTE 7001 EAST BROOKS DRIVE TUCSON AZ 85730 $68,758.32
600119126 STEIN,JEFFREY,JANET 11440 WEST TRIPLE J WAY TUCSON AZ 85743 $79,907.61
600119133 WERNER,JAMES,RENEE 70 LANSFORD COURT SAN RAMON CA 94583 $333,350.34
600119142 KIRWIN/LEDESMA,DAVID/RUBE 1416 SEMINARY AVENUE ALAMEDA CA 94502 $235,509.56
600119144 CANEPA,LUIGI,ANNA 14846 SOUTH 27TH STREET PHOENIX AZ 85048 $93,623.78
600119147 PIDCOCK,JEANETTE 2473 BOOKSIN AVENUE SAN JOSE CA 95125 $298,672.14
600119148 MAJEWSKI,KAREN,CHARLES 745 ECKER COURT CAMPBELL CA 95008 $244,477.02
600119150 TEETERS,TERRY,KATHRYN 190 BRAEMOOR DRIVE SANTA CRUZ CA 95060 $239,525.84
600119158 OVERTON,WILLIAM 4115 AMARANTA AVENUE PALO ALTO CA 94306 $366,992.52
600119161 MOY,PHILLIP 6255 VIEWCREST DRIVE OAKLAND CA 94619 $263,424.84
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119098 LEA,ROBERT,NANCY 8.375 .250 8.125 .0400 8.085 01/01/2028
600119102 NEAL,NORMA 8.500 .250 8.250 .0400 8.210 01/01/2028
600119111 BASOW,WILLIAM,JUDITH 8.500 .250 8.250 .0400 8.210 12/01/2027
600119112 BASOW,WILLIAM,JUDITH 8.500 .250 8.250 .0400 8.210 12/01/2027
600119125 ARCHER,THOMAS,JEANETTE 8.500 .250 8.250 .0400 8.210 01/01/2028
600119126 STEIN,JEFFREY,JANET 8.750 .250 8.500 .0400 8.460 12/01/2027
600119133 WERNER,JAMES,RENEE 8.625 .250 8.375 .0400 8.335 12/01/2027
600119142 KIRWIN/LEDESMA,DAVID/RUBE 7.875 .250 7.625 .0400 7.585 11/01/2027
600119144 CANEPA,LUIGI,ANNA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119147 PIDCOCK,JEANETTE 9.000 .250 8.750 .0400 8.710 12/01/2027
600119148 MAJEWSKI,KAREN,CHARLES 8.125 .250 7.875 .0400 7.835 12/01/2027
600119150 TEETERS,TERRY,KATHRYN 8.125 .250 7.875 .0400 7.835 11/01/2027
600119158 OVERTON,WILLIAM 7.875 .250 7.625 .0400 7.585 12/01/2027
600119161 MOY,PHILLIP 7.750 .250 7.500 .0400 7.460 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119098 LEA,ROBERT,NANCY 552343 $1,884.98 02/01/1998 360
600119102 NEAL,NORMA 552369 $2,009.17 02/01/1998 360
600119111 BASOW,WILLIAM,JUDITH 553015 $676.64 02/01/1998 360
600119112 BASOW,WILLIAM,JUDITH 553016 $741.23 02/01/1998 360
600119125 ARCHER,THOMAS,JEANETTE 553978 $529.01 02/01/1998 360
600119126 STEIN,JEFFREY,JANET 553985 $629.36 02/01/1998 360
600119133 WERNER,JAMES,RENEE 554915 $2,595.87 02/01/1998 360
600119142 KIRWIN/LEDESMA,DAVID/RUBE 555037 $1,711.16 02/01/1998 360
600119144 CANEPA,LUIGI,ANNA 555089 $687.90 02/01/1998 360
600119147 PIDCOCK,JEANETTE 555120 $2,405.82 02/01/1998 360
600119148 MAJEWSKI,KAREN,CHARLES 555127 $1,819.12 02/01/1998 360
600119150 TEETERS,TERRY,KATHRYN 555133 $1,781.99 02/01/1998 360
600119158 OVERTON,WILLIAM 555310 $2,664.63 02/01/1998 360
600119161 MOY,PHILLIP 555320 $1,891.33 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119098 LEA,ROBERT,NANCY $310,000.00 N
600119102 NEAL,NORMA $350,000.00 N
600119111 BASOW,WILLIAM,JUDITH $111,000.00 N
600119112 BASOW,WILLIAM,JUDITH $120,500.00 N
600119125 ARCHER,THOMAS,JEANETTE $86,000.00 N
600119126 STEIN,JEFFREY,JANET $100,000.00 N
600119133 WERNER,JAMES,RENEE $445,000.00 N
600119142 KIRWIN/LEDESMA,DAVID/RUBE $295,000.00 N
600119144 CANEPA,LUIGI,ANNA $125,000.00 N
600119147 PIDCOCK,JEANETTE $475,000.00 N
600119148 MAJEWSKI,KAREN,CHARLES $330,000.00 N
600119150 TEETERS,TERRY,KATHRYN $320,000.00 N
600119158 OVERTON,WILLIAM $490,000.00 N
600119161 MOY,PHILLIP $330,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 55
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119168 DE QUINTO,PONCIANO,MARIA 755 NEVIN WAY SAN JOSE CA 95128 $268,527.55
600119170 NIELSON,KEVIN 1747 SILVERWOOD DRIVE SAN JOSE CA 95124 $241,266.37
600119173 POPE-CHAPPELL,CAROLYN 4786 GERANIUM PLACE OAKLAND CA 94619 $244,694.37
600119178 GRABARSKY,ANATOLY,NELLI 253 26TH AVENUE SAN FRANCISCO CA 94121 $315,366.09
600119191 BOOKHART,DANIEL,EVE 2115 LAS PALOMAS DRIVE LA HABRA HEIGHT CA 90631 $359,502.87
600119196 RODRIGUEZ,MIGUEL 21190 EAST FOXCROFT LANE WALNUT CA 91789 $268,308.01
600119201 BOUSMAN,JOHN,KAREN 4233 NORTH LYMAN AVENUE COVINA AREA CA 91724 $239,676.87
600119203 HOWE,RALPH,CYNTHIA 735 ALICE AVENUE MOUNTAIN VIEW CA 94041 $279,445.78
600119206 BOSLEY,THOMAS,ERIKA 3662 SOUTH BARRINGTON AVE LOS ANGELES CA 90066 $239,462.33
600119207 GUINN,WILLIAM, NANCY 1795 SOUTHERN HILLS PLACE THOUSAND OAKS CA 91362 $277,179.53
600119212 GIBBS,LESLIE 2608 5TH STREET SANTA MONICA CA 90405 $325,843.01
600119213 KOVITS,MICHAEL 2411-A,2411-B AND 2411-C SANTA MONICA CA 90405 $260,297.67
600119215 ROSAS,TEODORO 3888 HARTUNG COURT THOUSAND OAKS CA 91320 $248,647.37
600119221 JONES,DAVID,LINDA 22702 SANDALWOOD MISSION VIEJO CA 92692 $299,585.73
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119168 DE QUINTO,PONCIANO,MARIA 9.000 .250 8.750 .0400 8.710 12/01/2027
600119170 NIELSON,KEVIN 7.875 .250 7.625 .0400 7.585 12/01/2027
600119173 POPE-CHAPPELL,CAROLYN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119178 GRABARSKY,ANATOLY,NELLI 8.500 .250 8.250 .0400 8.210 12/01/2027
600119191 BOOKHART,DANIEL,EVE 7.875 .250 7.625 .0400 7.585 12/01/2027
600119196 RODRIGUEZ,MIGUEL 8.500 .250 8.250 .0400 8.210 11/01/2027
600119201 BOUSMAN,JOHN,KAREN 8.000 .250 7.750 .0400 7.710 12/01/2027
600119203 HOWE,RALPH,CYNTHIA 8.125 .250 7.875 .0400 7.835 11/01/2027
600119206 BOSLEY,THOMAS,ERIKA 7.500 .250 7.250 .0400 7.210 11/01/2027
600119207 GUINN,WILLIAM, NANCY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119212 GIBBS,LESLIE 8.375 .250 8.125 .0400 8.085 12/01/2027
600119213 KOVITS,MICHAEL 8.250 .250 8.000 .0400 7.960 11/01/2027
600119215 ROSAS,TEODORO 7.750 .250 7.500 .0400 7.460 12/01/2027
600119221 JONES,DAVID,LINDA 7.875 .250 7.625 .0400 7.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119168 DE QUINTO,PONCIANO,MARIA 555462 $2,168.46 02/01/1998 360
600119170 NIELSON,KEVIN 555467 $1,751.77 02/01/1998 360
600119173 POPE-CHAPPELL,CAROLYN 555483 $1,862.18 02/01/1998 360
600119178 GRABARSKY,ANATOLY,NELLI 555542 $2,427.84 02/01/1998 360
600119191 BOOKHART,DANIEL,EVE 555922 $2,610.25 02/01/1998 360
600119196 RODRIGUEZ,MIGUEL 555963 $2,066.84 02/01/1998 360
600119201 BOUSMAN,JOHN,KAREN 555995 $1,761.03 02/01/1998 360
600119203 HOWE,RALPH,CYNTHIA 556011 $2,078.99 02/01/1998 360
600119206 BOSLEY,THOMAS,ERIKA 556022 $1,678.11 02/01/1998 360
600119207 GUINN,WILLIAM, NANCY 556025 $2,183.09 02/01/1998 360
600119212 GIBBS,LESLIE 556072 $2,479.74 02/01/1998 360
600119213 KOVITS,MICHAEL 556078 $1,959.30 02/01/1998 360
600119215 ROSAS,TEODORO 556103 $1,783.87 02/01/1998 360
600119221 JONES,DAVID,LINDA 556150 $2,175.21 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119168 DE QUINTO,PONCIANO,MARIA $417,000.00 N
600119170 NIELSON,KEVIN $302,000.00 N
600119173 POPE-CHAPPELL,CAROLYN $310,000.00 N
600119178 GRABARSKY,ANATOLY,NELLI $421,000.00 N
600119191 BOOKHART,DANIEL,EVE $450,000.00 N
600119196 RODRIGUEZ,MIGUEL $336,000.00 N
600119201 BOUSMAN,JOHN,KAREN $303,000.00 N
600119203 HOWE,RALPH,CYNTHIA $450,000.00 N
600119206 BOSLEY,THOMAS,ERIKA $300,000.00 N
600119207 GUINN,WILLIAM, NANCY $370,000.00 N
600119212 GIBBS,LESLIE $435,000.00 N
600119213 KOVITS,MICHAEL $326,000.00 N
600119215 ROSAS,TEODORO $315,000.00 N
600119221 JONES,DAVID,LINDA $375,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 56
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119225 JONES,JERRY,JUDITH 10510 BRUNO DRIVE TUSTIN CA 92780 $249,219.01
600119242 KIRSCHT,KORBEN 882 SOUTH ENDICOTT COURT ANAHEIM CA 92808 $258,876.66
600119244 PEARCE,CRAIG, VICKIE 6155 FAIRVIEW PLACE AGOURA HILLS CA 91361 $319,288.43
600119253 MOUSAVI,NADER 4525 MORSE AVENUE LOS ANGELES CA 91604 $231,703.10
600119255 BOQUIN,FRANK,MARIAELEA 3134 AMIGOS DRIVE BURBANK CA 91504 $303,639.75
600119263 HAFFNER,FRANK,NANCY 2 QUIET MOON IRVINE CA 92614 $287,621.94
600119265 PREBE,MARK 16151 ROYAL TROONE COURT CHINO HILLS CA 91709 $262,346.67
600119272 BRENNAN,GREGORY 6221 LINDENHURST AVENUE LOS ANGELES CA 90048 $239,722.83
600119275 MITCHELL,STEPHEN,LORRAIN 31822 VIA COYOTE COTO DE CAZA AR CA 92679 $352,060.29
600119296 RIKARD,BRENDA SUE 129 CEDAR COVER LANE WINSTON-SALEM NC 27104 $45,105.18
600119300 ORMSBY,JAMES, DOROTHY 1400 BARTON AVENUE POINT PLEASANT NJ 08736 $54,904.36
600119302 ASNAASHARI/ABBA,ALI/TAHER 3330 COSMOS LANE SACRAMENTO CA 95864 $249,493.41
600119306 SCHREIER,GERALD A, MELIN 589 ADOBE CANYON ROAD KENWOOD CA 95452 $231,460.24
600119307 BARBER,CHRISTOPHER 727 ESPLANADE, UNIT 308 REDONDO BEACH CA 90277 $255,467.98
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119225 JONES,JERRY,JUDITH 8.875 .250 8.625 .0400 8.585 12/01/2027
600119242 KIRSCHT,KORBEN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119244 PEARCE,CRAIG, VICKIE 8.250 .250 8.000 .0400 7.960 12/01/2027
600119253 MOUSAVI,NADER 8.250 .250 8.000 .0400 7.960 12/01/2027
600119255 BOQUIN,FRANK,MARIAELEA 8.625 .250 8.375 .0400 8.335 12/01/2027
600119263 HAFFNER,FRANK,NANCY 8.125 .250 7.875 .0400 7.835 12/01/2027
600119265 PREBE,MARK 8.750 .250 8.500 .0400 8.460 12/01/2027
600119272 BRENNAN,GREGORY 8.750 .250 8.500 .0400 8.460 12/01/2027
600119275 MITCHELL,STEPHEN,LORRAIN 8.375 .250 8.125 .0400 8.085 12/01/2027
600119296 RIKARD,BRENDA SUE 9.250 .250 9.000 .0400 8.960 10/01/2027
600119300 ORMSBY,JAMES, DOROTHY 8.750 .250 8.500 .0400 8.460 11/01/2027
600119302 ASNAASHARI/ABBA,ALI/TAHER 8.000 .250 7.750 .0400 7.710 11/01/2027
600119306 SCHREIER,GERALD A, MELIN 8.750 .250 8.500 .0400 8.460 10/01/2027
600119307 BARBER,CHRISTOPHER 7.875 .250 7.625 .0400 7.585 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119225 JONES,JERRY,JUDITH 556170 $1,985.93 02/01/1998 360
600119242 KIRSCHT,KORBEN 556274 $1,970.11 02/01/1998 360
600119244 PEARCE,CRAIG, VICKIE 556278 $2,404.05 02/01/1998 360
600119253 MOUSAVI,NADER 556384 $1,742.94 02/01/1998 360
600119255 BOQUIN,FRANK,MARIAELEA 556421 $2,364.48 02/01/1998 360
600119263 HAFFNER,FRANK,NANCY 556483 $2,138.39 02/01/1998 360
600119265 PREBE,MARK 556497 $2,066.27 02/01/1998 360
600119272 BRENNAN,GREGORY 556576 $1,888.08 02/01/1998 360
600119275 MITCHELL,STEPHEN,LORRAIN 556595 $2,679.25 02/01/1998 360
600119296 RIKARD,BRENDA SUE 556909 $371.85 1 02/01/1998 360
600119300 ORMSBY,JAMES, DOROTHY 556917 $432.69 02/01/1998 360
600119302 ASNAASHARI/ABBA,ALI/TAHER 556920 $1,834.41 02/01/1998 360
600119306 SCHREIER,GERALD A, MELIN 556938 $1,825.14 02/01/1998 360
600119307 BARBER,CHRISTOPHER 556951 $1,856.18 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119225 JONES,JERRY,JUDITH $312,000.00 N
600119242 KIRSCHT,KORBEN $325,000.00 N
600119244 PEARCE,CRAIG, VICKIE $400,000.00 N
600119253 MOUSAVI,NADER $290,000.00 N
600119255 BOQUIN,FRANK,MARIAELEA $380,000.00 N
600119263 HAFFNER,FRANK,NANCY $420,000.00 N
600119265 PREBE,MARK $328,362.00 N
600119272 BRENNAN,GREGORY $300,000.00 N
600119275 MITCHELL,STEPHEN,LORRAIN $470,000.00 N
600119296 RIKARD,BRENDA SUE $50,250.00 N
600119300 ORMSBY,JAMES, DOROTHY $134,000.00 N
600119302 ASNAASHARI/ABBA,ALI/TAHER $400,000.00 N
600119306 SCHREIER,GERALD A, MELIN $290,000.00 N
600119307 BARBER,CHRISTOPHER $320,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 57
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119309 GOSPODNETICH,MARK,KIM 17 FRIENDLY LANE NOVATO CA 94945 $339,245.23
600119312 ANDERSON,PATRICIA L 5351 HIGHWAY 147 LAKE ALMANOR CA 96137 $327,399.65
600119313 IRBY,LISA L 2210 PINEHURST DRIVE EAST POINT GA 30344 $39,292.00
600119314 SMITH,JENNIFER, RICHA 1205/1207 32ND STREET EVANS CO 80620 $79,033.84
600119315 SMITH,JENNIFER, RICHA 1215/1217 32ND STREET EVANS CO 80620 $79,033.84
600119333 ZHENG,SHI GANG 3617 TOLMAS DRIVE METAIRE LA 70003 $234,769.52
600119338 AVIS,CAROLYN 50 MARINA COURT DRIVE SAN RAFAEL CA 94901 $313,363.71
600119342 RAPER,CAROL 306 PATENCIO ROAD PALM SPRINGS CA 92262 $236,343.88
600119346 GLEDHILL/CHARPN,DONALD/PA 2219 10TH STREET GREELEY CO 80631 $76,307.11
600119350 BUTTS,CURT, RENEE 8926 GLORIA AVENUE MIDDLETOWN MD 21769 $106,982.76
600119351 DIXON/FRAZER,INGRID/DORA 830 31ST STREET WEST PALM BEACH FL 33407 $61,072.83
600119353 GORVEL,ERNEST A 800 SW ST LUCIE CRESCENT STUART FL 34994 $280,458.73
600119355 LAVICK,RICHARD 3208 CALLE GRANDE VISTA SAN CLEMENTE CA 92672 $235,579.00
600119356 MCKEE,RICHARD, NANCY 14191 NORTH 64TH WAY PALM BEACH GARD FL 33418 $231,636.38
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119309 GOSPODNETICH,MARK,KIM 8.000 .250 7.750 .0400 7.710 11/01/2027
600119312 ANDERSON,PATRICIA L 8.500 .250 8.250 .0400 8.210 11/01/2027
600119313 IRBY,LISA L 9.250 .250 9.000 .0400 8.960 10/01/2027
600119314 SMITH,JENNIFER, RICHA 9.250 .250 9.000 .0400 8.960 10/01/2027
600119315 SMITH,JENNIFER, RICHA 9.250 .250 9.000 .0400 8.960 10/01/2027
600119333 ZHENG,SHI GANG 8.500 .250 8.250 .0400 8.210 11/01/2027
600119338 AVIS,CAROLYN 8.000 .250 7.750 .0400 7.710 11/01/2027
600119342 RAPER,CAROL 8.250 .250 8.000 .0400 7.960 11/01/2027
600119346 GLEDHILL/CHARPN,DONALD/PA 8.500 .250 8.250 .0400 8.210 12/01/2027
600119350 BUTTS,CURT, RENEE 8.000 .250 7.750 .0400 7.710 11/01/2027
600119351 DIXON/FRAZER,INGRID/DORA 7.875 .250 7.625 .0400 7.585 11/01/2027
600119353 GORVEL,ERNEST A 8.250 .250 8.000 .0400 7.960 11/01/2027
600119355 LAVICK,RICHARD 8.625 .250 8.375 .0400 8.335 11/01/2027
600119356 MCKEE,RICHARD, NANCY 9.250 .250 9.000 .0400 8.960 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119309 GOSPODNETICH,MARK,KIM 556962 $2,494.80 02/01/1998 360
600119312 ANDERSON,PATRICIA L 556975 $2,522.04 02/01/1998 360
600119313 IRBY,LISA L 556988 $323.93 2 02/01/1998 360
600119314 SMITH,JENNIFER, RICHA 556990 $651.56 12 02/01/1998 360
600119315 SMITH,JENNIFER, RICHA 556991 $651.56 2 02/01/1998 360
600119333 ZHENG,SHI GANG 557290 $1,808.48 02/01/1998 360
600119338 AVIS,CAROLYN 557660 $2,304.02 02/01/1998 360
600119342 RAPER,CAROL 557678 $1,779.00 02/01/1998 360
600119346 GLEDHILL/CHARPN,DONALD/PA 557702 $587.45 02/01/1998 360
600119350 BUTTS,CURT, RENEE 557739 $786.60 02/01/1998 360
600119351 DIXON/FRAZER,INGRID/DORA 557743 $443.74 02/01/1998 360
600119353 GORVEL,ERNEST A 557748 $2,111.06 02/01/1998 360
600119355 LAVICK,RICHARD 557753 $1,835.58 02/01/1998 360
600119356 MCKEE,RICHARD, NANCY 557757 $1,908.61 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119309 GOSPODNETICH,MARK,KIM $480,000.00 N
600119312 ANDERSON,PATRICIA L $410,000.00 N
600119313 IRBY,LISA L $43,750.00 N
600119314 SMITH,JENNIFER, RICHA $88,000.00 N
600119315 SMITH,JENNIFER, RICHA $88,000.00 N
600119333 ZHENG,SHI GANG $294,000.00 N
600119338 AVIS,CAROLYN $450,000.00 N
600119342 RAPER,CAROL $296,000.00 N
600119346 GLEDHILL/CHARPN,DONALD/PA $95,500.00 N
600119350 BUTTS,CURT, RENEE $134,000.00 N
600119351 DIXON/FRAZER,INGRID/DORA $76,500.00 N
600119353 GORVEL,ERNEST A $375,000.00 N
600119355 LAVICK,RICHARD $295,000.00 N
600119356 MCKEE,RICHARD, NANCY $290,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 58
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119361 SAHAGUN,SALVADORE, TRAC 19641 109TH PLACE NE BOTHELL WA 98011 $247,568.80
600119364 THORNBURGH,PATRICK, TERRI 14816 24TH AVENUE SOUTHEA MILL CREEK WA 98012 $281,936.03
600119367 WRIGHT,LYSANDER E. 99 MORRIS STREET EAST BOSTON MA 02128 $71,243.09
600119373 VASQUEZ,GONZALO/LETICIA 3384 DOLONITA AVENUE HACIENDA HEIGHT CA 91745 $240,644.16
600119394 GROSS,ROSANNE 211 VIA OSUNA RANCHO SANTE FE CA 92067 $227,722.78
600119404 MANCE,JANET 822 VAL SERENO DRIVE ENCINITAS CA 92024 $322,836.33
600119418 CLANCY,KEVIN 11404 CALLE SIMPSON EL CAJON CA 92019 $255,840.89
600119420 JENNINGS,JACQUELYN 1942 VISTA DE LA MONTANA EL CAJON CA 92019 $267,547.52
600119421 ELLIFF,ROBERT,DAWN 5481 VALINDA AVENUE RANCHO CUCAMONG CA 91737 $331,575.12
600119431 DOMINY,LEWIS,MARLENE 203 23RD STREET DEL MAR CA 92014 $303,796.03
600119434 BONNETT,PAUL,HOLLEY 8058 FOOTHILL BOULEVARD PINE VALLEY CA 91962 $231,578.98
600119435 LECHTNER,WILLIAM,YVETTE 3751 OVERPARK ROAD SAN DIEGO CA 92130 $339,794.02
600119438 FAUTSCH,FERMIN,ELIZABET 129 MELBA ROAD ENCINITAS CA 92024 $327,779.92
600119456 COHEN,ANDREW 315 VERMONT AVENUE BERKELEY CA 94707 $306,814.02
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119361 SAHAGUN,SALVADORE, TRAC 8.750 .250 8.500 .0400 8.460 11/01/2027
600119364 THORNBURGH,PATRICK, TERRI 8.125 .250 7.875 .0400 7.835 11/01/2027
600119367 WRIGHT,LYSANDER E. 10.500 .250 10.250 .0400 10.210 12/01/2027
600119373 VASQUEZ,GONZALO/LETICIA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119394 GROSS,ROSANNE 8.500 .250 8.250 .0400 8.210 12/01/2027
600119404 MANCE,JANET 8.250 .250 8.000 .0400 7.960 12/01/2027
600119418 CLANCY,KEVIN 8.375 .250 8.125 .0400 8.085 01/01/2028
600119420 JENNINGS,JACQUELYN 8.125 .250 7.875 .0400 7.835 12/01/2027
600119421 ELLIFF,ROBERT,DAWN 8.250 .250 8.000 .0400 7.960 12/01/2027
600119431 DOMINY,LEWIS,MARLENE 8.000 .250 7.750 .0400 7.710 01/01/2028
600119434 BONNETT,PAUL,HOLLEY 7.875 .250 7.625 .0400 7.585 12/01/2027
600119435 LECHTNER,WILLIAM,YVETTE 8.500 .250 8.250 .0400 8.210 01/01/2028
600119438 FAUTSCH,FERMIN,ELIZABET 8.000 .250 7.750 .0400 7.710 01/01/2028
600119456 COHEN,ANDREW 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119361 SAHAGUN,SALVADORE, TRAC 557764 $1,951.02 02/01/1998 360
600119364 THORNBURGH,PATRICK, TERRI 557772 $2,098.30 02/01/1998 360
600119367 WRIGHT,LYSANDER E. 557777 $652.21 7 02/01/1998 360
600119373 VASQUEZ,GONZALO/LETICIA 557888 $1,941.37 02/01/1998 360
600119394 GROSS,ROSANNE 558065 $1,753.12 2 02/01/1998 360
600119404 MANCE,JANET 558186 $2,428.47 02/01/1998 360
600119418 CLANCY,KEVIN 558334 $1,945.78 02/01/1998 360
600119420 JENNINGS,JACQUELYN 558341 $1,989.89 02/01/1998 360
600119421 ELLIFF,ROBERT,DAWN 558358 $2,494.21 02/01/1998 360
600119431 DOMINY,LEWIS,MARLENE 558438 $2,230.64 02/01/1998 360
600119434 BONNETT,PAUL,HOLLEY 558463 $1,682.16 02/01/1998 360
600119435 LECHTNER,WILLIAM,YVETTE 558470 $2,614.31 02/01/1998 360
600119438 FAUTSCH,FERMIN,ELIZABET 558530 $2,406.75 02/01/1998 360
600119456 COHEN,ANDREW 558933 $2,360.56 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119361 SAHAGUN,SALVADORE, TRAC $310,000.00 N
600119364 THORNBURGH,PATRICK, TERRI $384,000.00 N
600119367 WRIGHT,LYSANDER E. $79,250.00 N
600119373 VASQUEZ,GONZALO/LETICIA $305,000.00 N
600119394 GROSS,ROSANNE $240,000.00 N
600119404 MANCE,JANET $431,000.00 N
600119418 CLANCY,KEVIN $320,000.00 N
600119420 JENNINGS,JACQUELYN $335,000.00 N
600119421 ELLIFF,ROBERT,DAWN $415,000.00 N
600119431 DOMINY,LEWIS,MARLENE $380,000.00 N
600119434 BONNETT,PAUL,HOLLEY $290,000.00 N
600119435 LECHTNER,WILLIAM,YVETTE $425,000.00 N
600119438 FAUTSCH,FERMIN,ELIZABET $410,000.00 N
600119456 COHEN,ANDREW $425,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 59
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600119460 JONES,EVELYN 236 MARYLINN DRIVE MILPITAS CA 95035 $296,079.56
600119462 PARKS,JOHN,TINA 6304 WISTERIA WAY SAN JOSE CA 95129 $299,596.08
600119465 GARRETT/ROPER,KENNETH,KIM 2109 ELLEN AVENUE SAN JOSE CA 95125 $249,711.29
600119467 MC CARTHY,BRIAN/PATRICIA 40 TAMAL ROAD FOREST KNOLLS CA 94933 $311,648.89
600119474 REYNOLDS,JERRY,CONSTANCE 1574 PACIFIC AVENUE ALAMEDA CA 94501 $249,870.39
600119480 GARRETT,ELLEN 331 AVENUE DEL ORO EL GRANADA CA 94018 $251,839.31
600119481 SMITH,MATTHEW 119 WESTMOOR PLACE SANTA CRUZ CA 95060 $234,342.65
600119482 PASSANISI,RICHARD 29 POINT SAN PEDRO ROAD SAN RAFAEL CA 94901 $249,692.71
600119489 PETTY,DIANE,LEE 9 MANOR ROAD FAIRFAX CA 94930 $263,813.67
600120888 JACOBS,MITCHEL 10 DORCHESTER DRIVE MUTTONTOWN NY 11545 $515,250.69
600120895 SCHANBACK,MARTIN 1 MEGAN LANE STAMFORD CT 06905 $474,256.66
600120942 DALY,BRYAN 605 W KENNETH RD GLENDALE CA 91202 $511,237.67
600120951 LOUD,AMANDA ROUTE 113 HOLDERNESS NH 03245 $748,826.33
600120965 MACKSTON,ROBERT 4176 HAYVENHURST AVE ENCINO CA 91436 $474,310.23
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600119460 JONES,EVELYN 8.750 .250 8.500 .0400 8.460 01/01/2028
600119462 PARKS,JOHN,TINA 8.000 .250 7.750 .0400 7.710 12/01/2027
600119465 GARRETT/ROPER,KENNETH,KIM 8.750 .250 8.500 .0400 8.460 12/01/2027
600119467 MC CARTHY,BRIAN/PATRICIA 8.875 .250 8.625 .0400 8.585 12/01/2027
600119474 REYNOLDS,JERRY,CONSTANCE 9.250 .250 9.000 .0400 8.960 01/01/2028
600119480 GARRETT,ELLEN 8.250 .250 8.000 .0400 7.960 01/01/2028
600119481 SMITH,MATTHEW 8.000 .250 7.750 .0400 7.710 01/01/2028
600119482 PASSANISI,RICHARD 8.125 .250 7.875 .0400 7.835 01/01/2028
600119489 PETTY,DIANE,LEE 7.750 .250 7.500 .0400 7.460 01/01/2028
600120888 JACOBS,MITCHEL 7.625 .250 7.375 .0400 7.335 12/01/2027
600120895 SCHANBACK,MARTIN 7.250 .250 7.000 .0400 6.960 12/01/2027
600120942 DALY,BRYAN 7.500 .250 7.250 .0400 7.210 12/01/2027
600120951 LOUD,AMANDA 7.250 .250 7.000 .0400 6.960 12/01/2027
600120965 MACKSTON,ROBERT 7.625 .250 7.375 .0400 7.335 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600119460 JONES,EVELYN 559056 $2,330.60 02/01/1998 360
600119462 PARKS,JOHN,TINA 559111 $2,201.29 02/01/1998 360
600119465 GARRETT/ROPER,KENNETH,KIM 559159 $1,966.75 02/01/1998 360
600119467 MC CARTHY,BRIAN/PATRICIA 559181 $2,482.41 02/01/1998 360
600119474 REYNOLDS,JERRY,CONSTANCE 559291 $2,056.69 02/01/1998 360
600119480 GARRETT,ELLEN 559472 $1,893.19 02/01/1998 360
600119481 SMITH,MATTHEW 559484 $1,720.68 02/01/1998 360
600119482 PASSANISI,RICHARD 559497 $1,856.24 02/01/1998 360
600119489 PETTY,DIANE,LEE 562981 $1,891.33 02/01/1998 360
600120888 JACOBS,MITCHEL 1106085259 $3,652.22 02/01/1998 360
600120895 SCHANBACK,MARTIN 1106097123 $3,240.34 02/01/1998 360
600120942 DALY,BRYAN 1233019690 $3,579.98 02/01/1998 360
600120951 LOUD,AMANDA 1233021829 $5,116.32 02/01/1998 360
600120965 MACKSTON,ROBERT 1246004232 $3,362.02 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600119460 JONES,EVELYN $395,000.00 N
600119462 PARKS,JOHN,TINA $435,000.00 N
600119465 GARRETT/ROPER,KENNETH,KIM $315,000.00 N
600119467 MC CARTHY,BRIAN/PATRICIA $390,000.00 N
600119474 REYNOLDS,JERRY,CONSTANCE $317,500.00 N
600119480 GARRETT,ELLEN $315,000.00 N
600119481 SMITH,MATTHEW $335,000.00 N
600119482 PASSANISI,RICHARD $325,000.00 N
600119489 PETTY,DIANE,LEE $330,000.00 N
600120888 JACOBS,MITCHEL .00 .00 .00 .000 .250 .290 $645,000.00 N
600120895 SCHANBACK,MARTIN .00 .00 .00 .000 .250 .290 $680,000.00 N
600120942 DALY,BRYAN .00 .00 .00 .000 .250 .290 $640,000.00 N
600120951 LOUD,AMANDA .00 .00 .00 .000 .250 .290 $1,250,000.00 N
600120965 MACKSTON,ROBERT .00 .00 .00 .000 .250 .290 $595,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 60
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600120980 DEVLIN,MICHAEL 51 ST STEPHENS DRIV ORINDA CA 94563 $519,225.75
600120983 NORRIS,CRAIG 3057 43RD AVENUE WEST SEATTLE WA 98199 $555,129.92
600121102 NA,PAUL 2281 33RD AVE SAN FRANCISCO CA 94116 $264,771.46
600121113 HOOZ,JASON 961 MANOR WAY LOS ALTOS CA 94024 $478,924.61
600121349 MCDADE,MARK 7442 SE 22ND ST MERCER ISLAND WA 98040 $893,794.93
600121365 KATTERHEINRICH,TED 1850 W LK SAMMAMISH P BELLEVUE WA 98008 $472,313.13
600121368 PETTIBON,SAM 2435 BIRCH ST NE FEDERAL WAY WA 98023 $343,488.55
600121457 WANEBO,HAROLD 116 POPPASQUASH ROAD BRISTOL RI 02809 $558,776.31
600121674 BOCCACCIO,JOHN 3804 FRANKLIN AVENUE LOS ANGELES CA 90027 $323,529.49
600121676 RUSSELL,WILLIAM 1641 SANTA ROSA AVENU GLENDALE CA 91208 $318,724.72
600121680 KIM,YUNE 3835 PINE AVENUE LONG BEACH CA 90807 $307,541.39
600121693 SMILOVE,JONATHAN 402 WESTBOURNE DRIVE WEST HOLLYWOOD CA 90048 $311,546.93
600121702 BALDERRAMA,RODOLFO 6122 WEST 77TH STREET LOS ANGELES CA 90045 $250,036.37
600121704 SANDS,EUGENE 1730 BONITA VISTA DRI LA CANADA-FLINT CA 91011 $391,458.67
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600120980 DEVLIN,MICHAEL 7.500 .250 7.250 .0400 7.210 12/01/2027
600120983 NORRIS,CRAIG 7.250 .250 7.000 .0400 6.960 12/01/2027
600121102 NA,PAUL 8.125 .250 7.875 .0400 7.835 11/01/2027
600121113 HOOZ,JASON 7.500 .250 7.250 .0400 7.210 11/01/2027
600121349 MCDADE,MARK 8.000 .250 7.750 .0400 7.710 12/01/2027
600121365 KATTERHEINRICH,TED 7.625 .250 7.375 .0400 7.335 12/01/2027
600121368 PETTIBON,SAM 8.000 .250 7.750 .0400 7.710 12/01/2027
600121457 WANEBO,HAROLD 7.625 .250 7.375 .0400 7.335 11/01/2027
600121674 BOCCACCIO,JOHN 7.625 .250 7.375 .0400 7.335 12/01/2027
600121676 RUSSELL,WILLIAM 7.500 .250 7.250 .0400 7.210 12/01/2027
600121680 KIM,YUNE 7.500 .250 7.250 .0400 7.210 12/01/2027
600121693 SMILOVE,JONATHAN 7.625 .250 7.375 .0400 7.335 12/01/2027
600121702 BALDERRAMA,RODOLFO 7.625 .250 7.375 .0400 7.335 12/01/2027
600121704 SANDS,EUGENE 7.875 .250 7.625 .0400 7.585 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600120980 DEVLIN,MICHAEL 1470011680 $3,635.92 02/01/1998 360
600120983 NORRIS,CRAIG 1471010762 $3,792.90 02/01/1998 360
600121102 NA,PAUL 1506357731 $1,973.56 02/01/1998 360
600121113 HOOZ,JASON 1506364180 $3,356.23 02/01/1998 360
600121349 MCDADE,MARK 1565175089 $6,567.20 02/01/1998 360
600121365 KATTERHEINRICH,TED 1565176693 $3,347.87 02/01/1998 360
600121368 PETTIBON,SAM 1565176911 $2,524.16 02/01/1998 360
600121457 WANEBO,HAROLD 1580064549 $3,963.65 02/01/1998 360
600121674 BOCCACCIO,JOHN 1596048734 $2,293.26 02/01/1998 360
600121676 RUSSELL,WILLIAM 1596049012 $2,231.90 02/01/1998 360
600121680 KIM,YUNE 1596049680 $2,153.59 02/01/1998 360
600121693 SMILOVE,JONATHAN 1596052094 $2,208.32 02/01/1998 360
600121702 BALDERRAMA,RODOLFO 1596052957 $1,772.32 02/01/1998 360
600121704 SANDS,EUGENE 1596053552 $2,842.28 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600120980 DEVLIN,MICHAEL .00 .00 .00 .000 .250 .290 $650,000.00 N
600120983 NORRIS,CRAIG .00 .00 .00 .000 .250 .290 $695,000.00 N
600121102 NA,PAUL .00 .00 .00 .000 .250 .290 $350,000.00 N
600121113 HOOZ,JASON .00 .00 .00 .000 .250 .290 $605,000.00 N
600121349 MCDADE,MARK .00 .00 .00 .000 .250 .290 $1,300,000.00 N
600121365 KATTERHEINRICH,TED .00 .00 .00 .000 .250 .290 $612,000.00 N
600121368 PETTIBON,SAM .00 .00 .00 .000 .250 .290 $430,000.00 N
600121457 WANEBO,HAROLD .00 .00 .00 .000 .250 .290 $700,000.00 N
600121674 BOCCACCIO,JOHN .00 .00 .00 .000 .250 .290 $405,000.00 N
600121676 RUSSELL,WILLIAM .00 .00 .00 .000 .250 .290 $399,000.00 N
600121680 KIM,YUNE .00 .00 .00 .000 .250 .290 $385,000.00 N
600121693 SMILOVE,JONATHAN .00 .00 .00 .000 .250 .290 $390,000.00 N
600121702 BALDERRAMA,RODOLFO .00 .00 .00 .000 .250 .290 $313,000.00 N
600121704 SANDS,EUGENE .00 .00 .00 .000 .250 .290 $490,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 61
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600121707 HOWELL,CHARLES 824 N CRESCENT HEIGH LOS ANGELES CA 90046 $271,605.01
600121716 ZUMBACH,MARK 524 N LINCOLN ST HINSDALE IL 60521 $502,507.37
600121725 PARK,KYUN 1440 LITTLEFIELD COUR LAKE FOREST IL 60045 $928,683.00
600121743 CAMPBELL,JULIA 162164 BERNARD STREET SAN FRANCISCO CA 94109 $519,263.59
600121922 FALBEY,FRANK 42 EAST BEND LANE HOUSTON TX 77007 $613,085.79
600121933 BROWN,MARVIN 9226 PONY EXPRESS SAN ANTONIO TX 78255 $748,910.88
600121962 BLANEY,FLOYD 31331 SUMMERHILL COURT COTO DE CAZA AR CA 92679 $291,586.47
600121968 MAY,KENNETH 16222 NORTH 111TH WAY SCOTTSDALE AZ 85259 $519,179.25
600122012 STONE,JEFFREY 16 BLUFF VIEW IRVINE CA 92612 $367,465.59
600122082 MUELLER,REID 2827 NE 14TH AVE PORTLAND OR 97212 $276,309.89
600122084 BERG,THOMAS 5351 EDGEHILL CIRCLE VENTURA CA 93003 $296,557.78
600122090 ROBINSON,STEPHEN 137 SIR FRANCIS COUR CAPITOLA CA 95010 $327,970.07
600122092 SAULTEN,STEPHEN 149 CANDIA ROAD CHESTER NH 03036 $357,692.73
600122097 PEDUZZI,JOSEPH 33 SENECA CT CHESTER SPRINGS PA 19425 $248,723.07
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600121707 HOWELL,CHARLES 7.625 .250 7.375 .0400 7.335 12/01/2027
600121716 ZUMBACH,MARK 7.375 .250 7.125 .0400 7.085 12/01/2027
600121725 PARK,KYUN 7.750 .250 7.500 .0400 7.460 12/01/2027
600121743 CAMPBELL,JULIA 7.750 .250 7.500 .0400 7.460 12/01/2027
600121922 FALBEY,FRANK 7.500 .250 7.250 .0400 7.210 12/01/2027
600121933 BROWN,MARVIN 7.625 .250 7.375 .0400 7.335 12/01/2027
600121962 BLANEY,FLOYD 7.750 .250 7.500 .0400 7.460 12/01/2027
600121968 MAY,KENNETH 7.750 .250 7.500 .0400 7.460 12/01/2027
600122012 STONE,JEFFREY 7.625 .250 7.375 .0400 7.335 12/01/2027
600122082 MUELLER,REID 7.750 .250 7.500 .0400 7.460 11/01/2027
600122084 BERG,THOMAS 7.500 .250 7.250 .0400 7.210 12/01/2027
600122090 ROBINSON,STEPHEN 7.875 .250 7.625 .0400 7.585 12/01/2027
600122092 SAULTEN,STEPHEN 7.750 .250 7.500 .0400 7.460 12/01/2027
600122097 PEDUZZI,JOSEPH 8.125 .250 7.875 .0400 7.835 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600121707 HOWELL,CHARLES 1596054431 $1,925.20 02/01/1998 360
600121716 ZUMBACH,MARK 1610006608 $3,479.62 02/01/1998 360
600121725 PARK,KYUN 1617018751 $6,662.63 02/01/1998 360
600121743 CAMPBELL,JULIA 1561376974 $3,725.35 02/01/1998 360
600121922 FALBEY,FRANK 1532013682 $4,293.18 02/01/1998 360
600121933 BROWN,MARVIN 1563176976 $5,308.46 02/01/1998 360
600121962 BLANEY,FLOYD 1567209749 $2,091.93 02/01/1998 360
600121968 MAY,KENNETH 1569182982 $3,725.35 02/01/1998 360
600122012 STONE,JEFFREY 1595062922 $2,604.69 02/01/1998 360
600122082 MUELLER,REID 1513213899 $1,983.75 1 02/01/1998 360
600122084 BERG,THOMAS 1553009016 $2,076.67 1 02/01/1998 360
600122090 ROBINSON,STEPHEN 1595055767 $2,381.86 1 02/01/1998 360
600122092 SAULTEN,STEPHEN 1815021078 $2,566.19 1 02/01/1998 360
600122097 PEDUZZI,JOSEPH 1171167918 $1,849.19 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600121707 HOWELL,CHARLES .00 .00 .00 .000 .250 .290 $340,000.00 N
600121716 ZUMBACH,MARK .00 .00 .00 .000 .250 .290 $675,000.00 N
600121725 PARK,KYUN .00 .00 .00 .000 .250 .290 $1,325,000.00 N
600121743 CAMPBELL,JULIA .00 .00 .00 .000 .250 .290 $650,000.00 N
600121922 FALBEY,FRANK .00 .00 .00 .000 .250 .290 $875,000.00 N
600121933 BROWN,MARVIN .00 .00 .00 .000 .250 .290 $1,000,000.00 N
600121962 BLANEY,FLOYD .00 .00 .00 .000 .250 .290 $365,000.00 N
600121968 MAY,KENNETH .00 .00 .00 .000 .250 .290 $650,000.00 N
600122012 STONE,JEFFREY .00 .00 .00 .000 .250 .290 $460,000.00 N
600122082 MUELLER,REID .00 .00 .00 .000 .250 .290 $291,500.00 N
600122084 BERG,THOMAS .00 .00 .00 .000 .250 .290 $340,000.00 N
600122090 ROBINSON,STEPHEN .00 .00 .00 .000 .250 .290 $365,000.00 N
600122092 SAULTEN,STEPHEN .00 .00 .00 .000 .250 .290 $398,000.00 N
600122097 PEDUZZI,JOSEPH .00 .00 .00 .000 .250 .290 $262,176.00 Y
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 62
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600122106 NEVES,JAMI 404 TWENTIETH STREET HUNTINGTON BEAC CA 92648 $336,762.53
600122114 HUMPHREY,MICHAEL 2840 N DANBURY ST ORANGE CA 92867 $296,382.76
600122116 WANG,TING 7831 PINEVILLE CIRCLE CASTRO VALLEY CA 94552 $285,280.08
600122177 MUNOZ,RODOLFO 140 WESTCHESTER WAY ALPHARETTA GA 30201 $276,081.39
600122203 KAPLAN,JONATHON 4111 PARVA AVENUE LOS ANGELES CA 90027 $328,484.16
600122204 HARVEY,SCOTT 4001 VAN NOORD AVENUE STUDIO CITY CA 91604 $395,266.49
600122207 MAINARD,PAUL 1644 FOUNTAIN SPRINGS DANVILLE CA 94526 $265,418.76
600122210 COWAN,DAVID 663 BUCHER AVENUE SANTA CLARA CA 95051 $251,145.19
600122215 PETRO,RUSSELL 28 COLONEL CONKLIN STONY POINT NY 10980 $341,217.79
600122218 BATJIAKA,GEORGE 51 GREENBRIAR DRIVE CHAPPAQUA NY 10514 $338,295.55
600122220 COMO,ROBERT 78 CARRIAGE ROAD WILTON CT 06897 $319,499.22
600122240 DRAKE,THOMAS 1 BITTERSWEET DR WEST CHESTER PA 19382 $1,497,980.35
600122252 TAYLOR,HARRY 3017 MASON LANE SAN MATEO CA 94403 $294,674.20
600122257 COUNCE,MICHAEL 283 KIMBROUGH PL MEMPHIS TN 38104 $338,784.50
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600122106 NEVES,JAMI 7.625 .250 7.375 .0400 7.335 11/01/2027
600122114 HUMPHREY,MICHAEL 7.875 .250 7.625 .0400 7.585 11/01/2027
600122116 WANG,TING 7.875 .250 7.625 .0400 7.585 11/01/2027
600122177 MUNOZ,RODOLFO 7.500 .250 7.250 .0400 7.210 11/01/2027
600122203 KAPLAN,JONATHON 7.750 .250 7.500 .0400 7.460 12/01/2027
600122204 HARVEY,SCOTT 7.750 .250 7.500 .0400 7.460 12/01/2027
600122207 MAINARD,PAUL 7.625 .250 7.375 .0400 7.335 11/01/2027
600122210 COWAN,DAVID 7.500 .250 7.250 .0400 7.210 10/01/2027
600122215 PETRO,RUSSELL 7.750 .250 7.500 .0400 7.460 06/01/2027
600122218 BATJIAKA,GEORGE 7.500 .250 7.250 .0400 7.210 12/01/2027
600122220 COMO,ROBERT 7.250 .250 7.000 .0400 6.960 12/01/2027
600122240 DRAKE,THOMAS 8.000 .250 7.750 .0400 7.710 12/01/2027
600122252 TAYLOR,HARRY 8.000 .250 7.750 .0400 7.710 08/01/2027
600122257 COUNCE,MICHAEL 7.750 .250 7.500 .0400 7.460 09/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600122106 NEVES,JAMI 1506378356 $2,388.80 2 02/01/1998 360
600122114 HUMPHREY,MICHAEL 1506376725 $2,153.46 2 02/01/1998 360
600122116 WANG,TING 1561375632 $2,073.70 2 02/01/1998 360
600122177 MUNOZ,RODOLFO 1511195377 $1,936.82 12 02/01/1998 360
600122203 KAPLAN,JONATHON 1596051580 $2,356.64 19 02/01/1998 360
600122204 HARVEY,SCOTT 1596052072 $2,837.00 19 02/01/1998 360
600122207 MAINARD,PAUL 1506372655 $1,882.73 19 02/01/1998 360
600122210 COWAN,DAVID 1506358337 $1,761.32 15 02/01/1998 360
600122215 PETRO,RUSSELL 1106059554 $2,458.73 02/01/1998 360
600122218 BATJIAKA,GEORGE 1106082691 $2,368.94 02/01/1998 360
600122220 COMO,ROBERT 1106092800 $2,182.97 02/01/1998 360
600122240 DRAKE,THOMAS 1181083905 ********* 02/01/1998 360
600122252 TAYLOR,HARRY 1506289529 $2,171.94 02/01/1998 360
600122257 COUNCE,MICHAEL 1511167939 $2,435.81 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600122106 NEVES,JAMI .00 .00 .00 .000 .250 .290 $375,000.00 N
600122114 HUMPHREY,MICHAEL .00 .00 .00 .000 .250 .290 $350,000.00 N
600122116 WANG,TING .00 .00 .00 .000 .250 .290 $330,000.00 N
600122177 MUNOZ,RODOLFO .00 .00 .00 .000 .250 .290 $297,000.00 N
600122203 KAPLAN,JONATHON .00 .00 .00 .000 .250 .290 $387,000.00 N
600122204 HARVEY,SCOTT .00 .00 .00 .000 .250 .290 $440,000.00 N
600122207 MAINARD,PAUL .00 .00 .00 .000 .250 .290 $280,000.00 N
600122210 COWAN,DAVID .00 .00 .00 .000 .250 .290 $280,000.00 N
600122215 PETRO,RUSSELL .00 .00 .00 .000 .250 .290 $429,000.00 N
600122218 BATJIAKA,GEORGE .00 .00 .00 .000 .250 .290 $423,500.00 N
600122220 COMO,ROBERT .00 .00 .00 .000 .250 .290 $640,000.00 N
600122240 DRAKE,THOMAS .00 .00 .00 .000 .250 .290 $2,465,000.00 N
600122252 TAYLOR,HARRY .00 .00 .00 .000 .250 .290 $403,000.00 N
600122257 COUNCE,MICHAEL .00 .00 .00 .000 .250 .290 $425,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 63
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600122264 SANDERS,DOUGLAS 22630 HUTCHINSON ROAD LOS GATOS CA 95030 $294,622.47
600122269 HOPKINS,DAVID 729 WEST UPAS STREET SAN DIEGO CA 92103 $278,589.88
600122272 CATE,THOMAS 1748 CARDINAL DR GATLINBURG TN 37738 $296,095.18
600122276 BETETA,ROBERT 23309 SHINGLE CREEK RD GOLDEN CO 80401 $298,180.26
600122277 MARTINEZ,JOHN 670 W 2225 S SYRACUSE UT 84075 $291,344.57
600122325 WEXLER,HARRY 9 GARDEN PLACE APT BROOKLYN NY 11201 $388,673.99
600122336 WOLFSON,MONTAGUE 100 UNITED NATIONS P NEW YORK NY 10017 $334,525.57
600122337 WALKER,MICHELLE 2144 NORTH SHEFFIELD CHICAGO IL 60614 $349,645.54
600122339 HARRISJOHNSON,JEAN 3420 SW 147 AVE MIRAMAR FL 33027 $307,042.14
600122346 HALLIER,LAURENT 2630 CREEKVIEW COURT LAS VEGAS NV 89117 $398,830.87
600122349 OKEEFE,LEO 48679 RED OAK DR SHELBY TOWNSHIP MI 48315 $263,203.58
600125037 HYNES,PHILIP 35 VIA ROBLES ALAMO CA 94507 $287,801.80
600125042 LUSKIN,VITALY,LUDMILLA 204-206 DOWNEY STREET SAN FRANCISCO CA 94117 $338,277.58
600125053 LEVINE,LAWRENCE,ROBERT 17411 PALORA STREET (ENCI LOS ANGELES CA 91316 $357,247.68
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600122264 SANDERS,DOUGLAS 8.250 .250 8.000 .0400 7.960 12/01/2027
600122269 HOPKINS,DAVID 7.625 .250 7.375 .0400 7.335 11/01/2027
600122272 CATE,THOMAS 8.750 .250 8.500 .0400 8.460 06/01/2027
600122276 BETETA,ROBERT 7.750 .250 7.500 .0400 7.460 09/01/2027
600122277 MARTINEZ,JOHN 7.500 .250 7.250 .0400 7.210 11/01/2027
600122325 WEXLER,HARRY 8.000 .250 7.750 .0400 7.710 09/01/2027
600122336 WOLFSON,MONTAGUE 7.750 .250 7.500 .0400 7.460 12/01/2027
600122337 WALKER,MICHELLE 7.750 .250 7.500 .0400 7.460 09/01/2027
600122339 HARRISJOHNSON,JEAN 8.125 .250 7.875 .0400 7.835 11/01/2027
600122346 HALLIER,LAURENT 7.625 .250 7.375 .0400 7.335 10/01/2027
600122349 OKEEFE,LEO 8.500 .250 8.250 .0400 8.210 10/01/2027
600125037 HYNES,PHILIP 7.875 .250 7.625 .0400 7.585 01/01/2028
600125042 LUSKIN,VITALY,LUDMILLA 7.875 .250 7.625 .0400 7.585 01/01/2028
600125053 LEVINE,LAWRENCE,ROBERT 7.750 .250 7.500 .0400 7.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600122264 SANDERS,DOUGLAS 1561372226 $2,216.24 02/01/1998 360
600122269 HOPKINS,DAVID 1567205894 $1,976.17 02/01/1998 360
600122272 CATE,THOMAS 1577071987 $2,340.44 02/01/1998 360
600122276 BETETA,ROBERT 1579057422 $2,143.86 02/01/1998 360
600122277 MARTINEZ,JOHN 1579062444 $2,041.71 02/01/1998 360
600122325 WEXLER,HARRY 1111111198 $2,861.69 02/01/1998 360
600122336 WOLFSON,MONTAGUE 1111144095 $2,399.99 02/01/1998 360
600122337 WALKER,MICHELLE 1583058087 $2,513.90 1 02/01/1998 360
600122339 HARRISJOHNSON,JEAN 1589134280 $2,284.30 1 02/01/1998 360
600122346 HALLIER,LAURENT 1251150732 $2,831.18 3 02/01/1998 360
600122349 OKEEFE,LEO 1581124680 $2,028.78 7 02/01/1998 360
600125037 HYNES,PHILIP 496214 $2,088.20 02/01/1998 360
600125042 LUSKIN,VITALY,LUDMILLA 496242 $2,465.24 02/01/1998 360
600125053 LEVINE,LAWRENCE,ROBERT 496346 $2,561.17 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600122264 SANDERS,DOUGLAS .00 .00 .00 .000 .250 .290 $415,000.00 N
600122269 HOPKINS,DAVID .00 .00 .00 .000 .250 .290 $349,000.00 N
600122272 CATE,THOMAS .00 .00 .00 .000 .250 .290 $425,000.00 N
600122276 BETETA,ROBERT .00 .00 .00 .000 .250 .290 $399,000.00 N
600122277 MARTINEZ,JOHN .00 .00 .00 .000 .250 .290 $365,000.00 N
600122325 WEXLER,HARRY .00 .00 .00 .000 .250 .290 $690,000.00 N
600122336 WOLFSON,MONTAGUE .00 .00 .00 .000 .250 .290 $540,000.00 N
600122337 WALKER,MICHELLE .00 .00 .00 .000 .250 .290 $389,900.00 N
600122339 HARRISJOHNSON,JEAN .00 .00 .00 .000 .250 .290 $324,638.00 N
600122346 HALLIER,LAURENT .00 .00 .00 .000 .250 .290 $450,000.00 N
600122349 OKEEFE,LEO .00 .00 .00 .000 .250 .290 $277,777.00 N
600125037 HYNES,PHILIP $460,000.00 N
600125042 LUSKIN,VITALY,LUDMILLA $520,000.00 N
600125053 LEVINE,LAWRENCE,ROBERT $550,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 64
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125060 WATTS,DIANE 3551 - 3555 OLIVE STREET DENVER CO 80207 $80,913.47
600125097 MUIR,WILLIAM,KAREN 965 TETHEROW ROAD WILLIAMS OR 97544 $299,777.36
600125102 YOUNG,GARY,KAREN 256 SOUTHWEST ROGUE RIVER GRANTS PASS OR 97526 $158,104.16
600125124 JACKSON,JOHN/MARJORIE HCR 77 BOX 195 JOHN DAY OR 97845 $311,110.54
600125138 CARLTON,RICK 102 EAST 380 NORTH MONA UT 84645 $280,601.81
600125154 GEORGE,JOHN,MONIKA 787 MARSOPA DRIVE VISTA CA 92083 $256,636.05
600125155 KEITH,MICHAEL,DEBORAH 717 SANTANA ROAD NOVATO CA 94945 $243,844.41
600125160 SIZEMORE,CARL,ANGELIQUE 10544 MADRID WAY SPRING VALLEY CA 91977 $239,834.83
600125163 PANIETZ,MICHAEL,NORMA 16925 MCGUFFIE ROAD SALINAS CA 93907 $237,836.21
600125205 ROUSTON/CLARK,JAMES/DEIL 632 AND 634 AVENUE B BILLINGS MT 59102 $89,945.48
600125217 KISER,CHARLES,GWENDOL 8339 WEST RAVEN DRIVE ARIZONA CITY AZ 85223 $89,938.79
600125253 KOBIEROWSKI,JOHN 1014 SOUTH BUTTE AVENUE TEMPE AZ 85281 $63,765.15
600125276 DEMING,CHERYL 254 ABRA COURT SAN JOSE CA 95139 $267,509.47
600125291 SHEAHAN,DANIEL 1751 LEAVENWORTH STREET SAN FRANCISCO CA 94109 $303,628.79
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125060 WATTS,DIANE 9.125 .250 8.875 .0400 8.835 12/01/2027
600125097 MUIR,WILLIAM,KAREN 7.500 .250 7.250 .0400 7.210 01/01/2028
600125102 YOUNG,GARY,KAREN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125124 JACKSON,JOHN/MARJORIE 7.750 .250 7.500 .0400 7.460 01/01/2028
600125138 CARLTON,RICK 7.750 .250 7.500 .0400 7.460 01/01/2028
600125154 GEORGE,JOHN,MONIKA 7.750 .250 7.500 .0400 7.460 12/01/2027
600125155 KEITH,MICHAEL,DEBORAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600125160 SIZEMORE,CARL,ANGELIQUE 7.875 .250 7.625 .0400 7.585 01/01/2028
600125163 PANIETZ,MICHAEL,NORMA 7.875 .250 7.625 .0400 7.585 01/01/2028
600125205 ROUSTON/CLARK,JAMES/DEIL 8.500 .250 8.250 .0400 8.210 01/01/2028
600125217 KISER,CHARLES,GWENDOL 8.125 .250 7.875 .0400 7.835 01/01/2028
600125253 KOBIEROWSKI,JOHN 9.000 .250 8.750 .0400 8.710 01/01/2028
600125276 DEMING,CHERYL 8.500 .250 8.250 .0400 8.210 11/01/2027
600125291 SHEAHAN,DANIEL 8.375 .250 8.125 .0400 8.085 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125060 WATTS,DIANE 507794 $659.04 14 02/01/1998 360
600125097 MUIR,WILLIAM,KAREN 522695 $2,097.64 02/01/1998 360
600125102 YOUNG,GARY,KAREN 522713 $1,216.42 02/01/1998 360
600125124 JACKSON,JOHN/MARJORIE 526890 $2,235.21 02/01/1998 360
600125138 CARLTON,RICK 530364 $2,011.69 02/01/1998 360
600125154 GEORGE,JOHN,MONIKA 530616 $1,841.18 02/01/1998 360
600125155 KEITH,MICHAEL,DEBORAH 530624 $1,833.09 02/01/1998 360
600125160 SIZEMORE,CARL,ANGELIQUE 530690 $1,740.17 02/01/1998 360
600125163 PANIETZ,MICHAEL,NORMA 530738 $1,725.67 02/01/1998 360
600125205 ROUSTON/CLARK,JAMES/DEIL 535821 $692.02 02/01/1998 360
600125217 KISER,CHARLES,GWENDOL 537455 $668.25 02/01/1998 360
600125253 KOBIEROWSKI,JOHN 537696 $513.35 02/01/1998 360
600125276 DEMING,CHERYL 538699 $2,060.69 02/01/1998 360
600125291 SHEAHAN,DANIEL 538877 $2,312.14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125060 WATTS,DIANE $90,000.00 N
600125097 MUIR,WILLIAM,KAREN $439,000.00 N
600125102 YOUNG,GARY,KAREN $197,750.00 N
600125124 JACKSON,JOHN/MARJORIE $395,000.00 N
600125138 CARLTON,RICK $351,000.00 N
600125154 GEORGE,JOHN,MONIKA $330,000.00 N
600125155 KEITH,MICHAEL,DEBORAH $305,000.00 N
600125160 SIZEMORE,CARL,ANGELIQUE $300,000.00 N
600125163 PANIETZ,MICHAEL,NORMA $307,000.00 N
600125205 ROUSTON/CLARK,JAMES/DEIL $130,000.00 N
600125217 KISER,CHARLES,GWENDOL $118,000.00 N
600125253 KOBIEROWSKI,JOHN $85,000.00 N
600125276 DEMING,CHERYL $335,000.00 N
600125291 SHEAHAN,DANIEL $380,355.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 65
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125399 TAYLOR,LAURA 1848 NORTH RED MOUNTAIN D SANTA CLARA UT 84765 $263,848.11
600125401 WILSON,DENNIS,DIANA 2595 SOUTH SHERIDAN BOULE LAKEWOOD CO 80227 $46,768.60
600125441 VIRDEN,MICHAEL,MICKI 410 WEST CARLTON AVENUE MERIDIAN ID 83642 $63,961.23
600125456 MOLT,ROBERT,ELIZABET 6805 NORTHEAST NEPTUNE AV GLENEDEN BEACH OR 97388 $318,566.61
600125478 GRECO,RICHARD F. 3520 NORTHEAST SCHUYLER S PORTLAND OR 97212 $137,123.09
600125489 HEY,MAI-TRAM 12868 S.E. SPRING MOUNTAI PORTLAND OR 97236 $244,582.29
600125492 WOODWORTH,JOHN 704 SALES YARD ROAD EMMETT ID 83617 $71,159.04
600125494 MEINHARDT,KARL,VANJA 315 16TH AVENUE SOUTH NAMPA ID 83686 $60,765.02
600125500 NORMAN,JANET K. 3621 SOUTHWEST KELLY AVEN PORTLAND OR 97201 $259,021.62
600125520 GARDNER,JUDY A. 6875-6885 SOUTHWEST 144TH BEAVERTON OR 97008 $153,511.63
600125531 STECKLER,TY 2-2885 EAST CLIFF DRIVE SANTA CRUZ CA 95062 $233,443.26
600125542 ALBERIGI,ROBERT 110 H LANE NOVATO CA 94945 $311,035.80
600125548 SKOMOROVSKY,YEFIM 1334-1336 11TH AVENUE SAN FRANCISCO CA 94122 $326,957.06
600125556 LINDHEIM,WILLIAM,MARILYN 3006 DEEP CANYON DRIVE LOS ANGELES CA 90210 $365,783.92
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125399 TAYLOR,LAURA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125401 WILSON,DENNIS,DIANA 8.000 .250 7.750 .0400 7.710 01/01/2028
600125441 VIRDEN,MICHAEL,MICKI 8.500 .250 8.250 .0400 8.210 01/01/2028
600125456 MOLT,ROBERT,ELIZABET 8.750 .250 8.500 .0400 8.460 01/01/2028
600125478 GRECO,RICHARD F. 8.875 .250 8.625 .0400 8.585 01/01/2028
600125489 HEY,MAI-TRAM 7.750 .250 7.500 .0400 7.460 01/01/2028
600125492 WOODWORTH,JOHN 8.750 .250 8.500 .0400 8.460 01/01/2028
600125494 MEINHARDT,KARL,VANJA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125500 NORMAN,JANET K. 7.875 .250 7.625 .0400 7.585 01/01/2028
600125520 GARDNER,JUDY A. 8.750 .250 8.500 .0400 8.460 01/01/2028
600125531 STECKLER,TY 8.000 .250 7.750 .0400 7.710 01/01/2028
600125542 ALBERIGI,ROBERT 7.875 .250 7.625 .0400 7.585 01/01/2028
600125548 SKOMOROVSKY,YEFIM 8.000 .250 7.750 .0400 7.710 01/01/2028
600125556 LINDHEIM,WILLIAM,MARILYN 8.625 .250 8.375 .0400 8.335 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125399 TAYLOR,LAURA 543674 $2,076.89 02/01/1998 360
600125401 WILSON,DENNIS,DIANA 543686 $343.40 02/01/1998 360
600125441 VIRDEN,MICHAEL,MICKI 544120 $492.10 02/01/1998 360
600125456 MOLT,ROBERT,ELIZABET 544365 $2,507.61 02/01/1998 360
600125478 GRECO,RICHARD F. 544538 $1,091.62 02/01/1998 360
600125489 HEY,MAI-TRAM 544601 $1,755.21 02/01/1998 360
600125492 WOODWORTH,JOHN 544622 $560.13 02/01/1998 360
600125494 MEINHARDT,KARL,VANJA 544633 $478.31 02/01/1998 360
600125500 NORMAN,JANET K. 544708 $1,879.38 02/01/1998 360
600125520 GARDNER,JUDY A. 544838 $1,208.37 02/01/1998 360
600125531 STECKLER,TY 545896 $1,714.07 02/01/1998 360
600125542 ALBERIGI,ROBERT 546731 $2,256.78 02/01/1998 360
600125548 SKOMOROVSKY,YEFIM 546806 $2,421.42 02/01/1998 360
600125556 LINDHEIM,WILLIAM,MARILYN 548097 $2,846.71 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125399 TAYLOR,LAURA $330,000.00 N
600125401 WILSON,DENNIS,DIANA $58,500.00 N
600125441 VIRDEN,MICHAEL,MICKI $80,000.00 N
600125456 MOLT,ROBERT,ELIZABET $425,000.00 N
600125478 GRECO,RICHARD F. $171,500.00 N
600125489 HEY,MAI-TRAM $315,000.00 N
600125492 WOODWORTH,JOHN $89,000.00 N
600125494 MEINHARDT,KARL,VANJA $76,000.00 N
600125500 NORMAN,JANET K. $324,000.00 N
600125520 GARDNER,JUDY A. $192,000.00 N
600125531 STECKLER,TY $292,000.00 N
600125542 ALBERIGI,ROBERT $440,000.00 N
600125548 SKOMOROVSKY,YEFIM $440,000.00 N
600125556 LINDHEIM,WILLIAM,MARILYN $840,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 66
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125563 RUSH,JULIE,MICHAEL 15529 OLIVE BRANCH DRIVE LA MIRADA CA 90638 $266,084.51
600125565 PETROVICH,LUCKY, ANNA 1978 LA RAMADA DRIVE CAMARILLO CA 93012 $337,261.80
600125657 BRIGGS,DENNIS 13 & 13 1/2 MONROE STREET BILLINGS MT 59101 $30,481.04
600125662 FAHERTY,STEVEN 511 & 517 11TH STREET NOR GREAT FALLS MT 59404 $60,267.91
600125663 BURKE,TIMOTHY, KAREN 33506 190TH AVENUE SOUTHE AUBURN WA 98092 $255,832.54
600125682 MUSHEN,R. DAVID 7518 14TH AVENUE NORTHEAS SEATTLE WA 98115 $265,830.38
600125685 RODEGHIERO,JAMES 612 1ST STREET EAST ROUNDUP MT 59072 $31,181.10
600125687 KENNARD,JOSE,JO ANN 17622 44TH AVENUE WEST LYNNWOOD WA 98037 $123,168.26
600125755 DAVIS,MAY 489 SOUTH ORLANDO AVENUE COCOA BEACH FL 32931 $76,359.34
600125771 WYMAN,ROBERT,DIANA 13693 FOREST PARK CIRCLE PENN VALLEY CA 95946 $282,819.55
600125776 ERVIN,JAMES,TRACY 9606 STONEY RIDGE ROAD AUBURN CA 95603 $347,772.36
600125779 THOMSON/FLORES,GREG/MAURI 1582 MILVIA STREET BERKELEY CA 94709 $287,801.80
600125788 FORCE,BETTY 1612 MARK WEST SPRINGS RO SANTA ROSA CA 95404 $248,841.23
600125800 GURLEY,JOHN,KAREN 218O MARY JO DRIVE BATTLE MOUNTAIN NV 89820 $38,474.74
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125563 RUSH,JULIE,MICHAEL 8.375 .250 8.125 .0400 8.085 01/01/2028
600125565 PETROVICH,LUCKY, ANNA 7.750 .250 7.500 .0400 7.460 01/01/2028
600125657 BRIGGS,DENNIS 8.375 .250 8.125 .0400 8.085 01/01/2028
600125662 FAHERTY,STEVEN 9.125 .250 8.875 .0400 8.835 01/01/2028
600125663 BURKE,TIMOTHY, KAREN 8.125 .250 7.875 .0400 7.835 01/01/2028
600125682 MUSHEN,R. DAVID 8.250 .250 8.000 .0400 7.960 01/01/2028
600125685 RODEGHIERO,JAMES 8.500 .250 8.250 .0400 8.210 01/01/2028
600125687 KENNARD,JOSE,JO ANN 9.125 .250 8.875 .0400 8.835 12/01/2027
600125755 DAVIS,MAY 9.125 .250 8.875 .0400 8.835 01/01/2028
600125771 WYMAN,ROBERT,DIANA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125776 ERVIN,JAMES,TRACY 8.125 .250 7.875 .0400 7.835 01/01/2028
600125779 THOMSON/FLORES,GREG/MAURI 7.875 .250 7.625 .0400 7.585 01/01/2028
600125788 FORCE,BETTY 8.250 .250 8.000 .0400 7.960 01/01/2028
600125800 GURLEY,JOHN,KAREN 8.875 .250 8.625 .0400 8.585 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125563 RUSH,JULIE,MICHAEL 548232 $2,023.69 02/01/1998 360
600125565 PETROVICH,LUCKY, ANNA 548260 $2,417.89 02/01/1998 360
600125657 BRIGGS,DENNIS 549897 $231.82 33 02/01/1998 360
600125662 FAHERTY,STEVEN 549918 $490.62 7 02/01/1998 360
600125663 BURKE,TIMOTHY, KAREN 549943 $1,900.79 02/01/1998 360
600125682 MUSHEN,R. DAVID 550027 $1,998.37 02/01/1998 360
600125685 RODEGHIERO,JAMES 550046 $239.90 02/01/1998 360
600125687 KENNARD,JOSE,JO ANN 550060 $1,003.21 7 02/01/1998 360
600125755 DAVIS,MAY 551506 $621.62 02/01/1998 360
600125771 WYMAN,ROBERT,DIANA 552256 $2,126.08 02/01/1998 360
600125776 ERVIN,JAMES,TRACY 552295 $2,583.89 02/01/1998 360
600125779 THOMSON/FLORES,GREG/MAURI 552311 $2,088.20 02/01/1998 360
600125788 FORCE,BETTY 552401 $1,870.65 02/01/1998 360
600125800 GURLEY,JOHN,KAREN 552586 $306.32 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125563 RUSH,JULIE,MICHAEL $355,000.00 N
600125565 PETROVICH,LUCKY, ANNA $450,000.00 N
600125657 BRIGGS,DENNIS $35,000.00 N
600125662 FAHERTY,STEVEN $67,000.00 N
600125663 BURKE,TIMOTHY, KAREN $320,000.00 N
600125682 MUSHEN,R. DAVID $384,000.00 N
600125685 RODEGHIERO,JAMES $39,000.00 N
600125687 KENNARD,JOSE,JO ANN $137,000.00 N
600125755 DAVIS,MAY $96,000.00 N
600125771 WYMAN,ROBERT,DIANA $372,000.00 N
600125776 ERVIN,JAMES,TRACY $600,000.00 N
600125779 THOMSON/FLORES,GREG/MAURI $360,000.00 N
600125788 FORCE,BETTY $365,000.00 N
600125800 GURLEY,JOHN,KAREN $55,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 67
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125811 BERTUCCI,DENNIS,VICKIE 1049 COUNTRY LANE GARDNERVILLE NV 89410 $318,551.88
600125860 CURTISS,GARY,DEBARA 1222 16TH AVENUE GREELEY CO 80631 $77,950.26
600125862 LINK,GORDON,DAWN 981 EAST ROGGEN WAY SUPERIOR CO 80027 $228,654.10
600125906 SHULTS,CAROL JEAN 1651 NORTH ALLEN MESA AZ 85203 $79,054.49
600125908 PHILO, MIRANDA,CLAIRE, FR 5521 NORTH 73RD AVENUE GLENDALE AZ 85303 $39,974.49
600125919 BROWN,JERRY,JULIE 9066 NORTH 115TH PLACE SCOTTSDALE AZ 85259 $279,834.69
600125922 KINNEY,SUSAN 1730 WEST EMELITA AVENUE MESA AZ 85202 $34,977.69
600125927 JOHNSON/HUTCHI/,PAUL/SUSA 2469 ARMOUR AVENUE KINGMAN AZ 86401 $117,132.57
600125928 JOHNSON/HUTCHI/,PAUL/SUSA 2468 FOX AVENUE KINGMAN AZ 86401 $96,744.30
600125947 URMAN,JAY,ROXANNE 5060 SELINDA LANE SAN JOSE CA 95124 $287,816.35
600125969 GARDNER,ROBERT,JOAN 2332 CORTE DE LA JARA PLEASANTON CA 94566 $257,427.15
600125970 MOFFITT/FEELY,ROBERT/ANN 18 MOUNTAIN VALLEY PLACE DANVILLE CA 94506 $244,651.70
600125975 DORENBOSCH,THYS,PATRICIA 13032 STANTON SANTA ANA AREA CA 92705 $379,769.80
600125984 CHONG/LIN,WING,MEI 910 EAST MOONEY DRIVE MONTEREY PARK CA 91755 $249,832.26
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125811 BERTUCCI,DENNIS,VICKIE 8.375 .250 8.125 .0400 8.085 01/01/2028
600125860 CURTISS,GARY,DEBARA 8.250 .250 8.000 .0400 7.960 01/01/2028
600125862 LINK,GORDON,DAWN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125906 SHULTS,CAROL JEAN 8.750 .250 8.500 .0400 8.460 01/01/2028
600125908 PHILO, MIRANDA,CLAIRE, FR 8.250 .250 8.000 .0400 7.960 01/01/2028
600125919 BROWN,JERRY,JULIE 8.625 .250 8.375 .0400 8.335 01/01/2028
600125922 KINNEY,SUSAN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125927 JOHNSON/HUTCHI/,PAUL/SUSA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125928 JOHNSON/HUTCHI/,PAUL/SUSA 8.750 .250 8.500 .0400 8.460 01/01/2028
600125947 URMAN,JAY,ROXANNE 8.250 .250 8.000 .0400 7.960 01/01/2028
600125969 GARDNER,ROBERT,JOAN 8.000 .250 7.750 .0400 7.710 01/01/2028
600125970 MOFFITT/FEELY,ROBERT/ANN 8.500 .250 8.250 .0400 8.210 01/01/2028
600125975 DORENBOSCH,THYS,PATRICIA 8.500 .250 8.250 .0400 8.210 01/01/2028
600125984 CHONG/LIN,WING,MEI 8.000 .250 7.750 .0400 7.710 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125811 BERTUCCI,DENNIS,VICKIE 552641 $2,422.73 02/01/1998 360
600125860 CURTISS,GARY,DEBARA 553198 $585.99 02/01/1998 360
600125862 LINK,GORDON,DAWN 553236 $1,718.90 02/01/1998 360
600125906 SHULTS,CAROL JEAN 554050 $622.28 2 02/01/1998 360
600125908 PHILO, MIRANDA,CLAIRE, FR 554055 $300.51 02/01/1998 360
600125919 BROWN,JERRY,JULIE 554120 $2,177.81 02/01/1998 360
600125922 KINNEY,SUSAN 554131 $262.94 02/01/1998 360
600125927 JOHNSON/HUTCHI/,PAUL/SUSA 554143 $922.01 02/01/1998 360
600125928 JOHNSON/HUTCHI/,PAUL/SUSA 554144 $761.53 02/01/1998 360
600125947 URMAN,JAY,ROXANNE 555267 $2,163.65 02/01/1998 360
600125969 GARDNER,ROBERT,JOAN 555788 $1,890.18 02/01/1998 360
600125970 MOFFITT/FEELY,ROBERT/ANN 555790 $1,882.30 02/01/1998 360
600125975 DORENBOSCH,THYS,PATRICIA 555961 $2,921.87 02/01/1998 360
600125984 CHONG/LIN,WING,MEI 556344 $1,834.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125811 BERTUCCI,DENNIS,VICKIE $425,000.00 N
600125860 CURTISS,GARY,DEBARA $97,500.00 N
600125862 LINK,GORDON,DAWN $305,000.00 N
600125906 SHULTS,CAROL JEAN $87,890.00 N
600125908 PHILO, MIRANDA,CLAIRE, FR $60,000.00 N
600125919 BROWN,JERRY,JULIE $350,000.00 N
600125922 KINNEY,SUSAN $47,500.00 N
600125927 JOHNSON/HUTCHI/,PAUL/SUSA $153,500.00 N
600125928 JOHNSON/HUTCHI/,PAUL/SUSA $121,000.00 N
600125947 URMAN,JAY,ROXANNE $360,000.00 N
600125969 GARDNER,ROBERT,JOAN $322,000.00 N
600125970 MOFFITT/FEELY,ROBERT/ANN $306,000.00 N
600125975 DORENBOSCH,THYS,PATRICIA $555,000.00 N
600125984 CHONG/LIN,WING,MEI $325,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 68
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600125987 KAMALI,MASSOUD,SHIRIN 26492 MASIDE MISSION VIEJO CA 92692 $271,717.56
600125990 ETTER,JANEEN 38 SILVEROAK IRVINE CA 92620 $260,583.73
600125993 SARODE,JAIPRAKASH,MINA 11735 COORSGOLD LANE LOS ANGELES CA 91326 $241,449.84
600126001 PUSTINGER,RAYMOND 5325 EAST THE TOLEDO LONG BEACH CA 90803 $251,826.58
600126009 LISS,STEPHEN,LISA 16947 ADLON ROAD LOS ANGELES CA 91436 $264,469.67
600126022 LOWE,EUGENE,VIRGINIA 3302 VILLA MESA ROAD PASADENA AREA CA 91107 $262,784.23
600126030 WELCH,YUEH-CHING LO 8405 ORCHARD RIDGE AVENUE LAS VEGAS NV 89129 $88,446.39
600126035 OLTMAN/GALLIGAN,STEPHEN/E 2651 OVERLAND AVENUE LOS ANGELES CA 90064 $303,790.79
600126040 CAMPBELL,JOHN 7621 LEXINGTON AVENUE WEST HOLLYWOOD CA 90046 $235,845.63
600126042 SLYKER,WILLIAM,ETHYLEE 2153 MT OLIVE DRIVE SANTA ROSA CA 95404 $243,404.83
600126052 KLEIN/MOHAMMED,JAMES/ZORI 215 ORIENT WAY #A-4 RUTHERFORD NJ 07070 $58,425.14
600126056 WALDO/PAAT,SUSAN/REYNALDO 3067 CRAY COURT SAN JOSE CA 95121 $235,713.04
600126059 WATTS,DIANE 3605-3607 FRANKLIN STREET DENVER CO 80205 $76,418.27
600126060 EWING,ERIC, VICKI 501 EAST HIGHLAND AVENUE SIERRA MADRE CA 91024 $315,808.56
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600125987 KAMALI,MASSOUD,SHIRIN 8.000 .250 7.750 .0400 7.710 01/01/2028
600125990 ETTER,JANEEN 8.250 .250 8.000 .0400 7.960 01/01/2028
600125993 SARODE,JAIPRAKASH,MINA 8.375 .250 8.125 .0400 8.085 01/01/2028
600126001 PUSTINGER,RAYMOND 7.875 .250 7.625 .0400 7.585 01/01/2028
600126009 LISS,STEPHEN,LISA 8.375 .250 8.125 .0400 8.085 12/01/2027
600126022 LOWE,EUGENE,VIRGINIA 8.000 .250 7.750 .0400 7.710 01/01/2028
600126030 WELCH,YUEH-CHING LO 8.500 .250 8.250 .0400 8.210 01/01/2028
600126035 OLTMAN/GALLIGAN,STEPHEN/E 7.875 .250 7.625 .0400 7.585 01/01/2028
600126040 CAMPBELL,JOHN 8.125 .250 7.875 .0400 7.835 01/01/2028
600126042 SLYKER,WILLIAM,ETHYLEE 7.750 .250 7.500 .0400 7.460 12/01/2027
600126052 KLEIN/MOHAMMED,JAMES/ZORI 8.250 .250 8.000 .0400 7.960 12/01/2027
600126056 WALDO/PAAT,SUSAN/REYNALDO 8.500 .250 8.250 .0400 8.210 12/01/2027
600126059 WATTS,DIANE 9.125 .250 8.875 .0400 8.835 12/01/2027
600126060 EWING,ERIC, VICKI 8.500 .250 8.250 .0400 8.210 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600125987 KAMALI,MASSOUD,SHIRIN 556393 $1,995.11 02/01/1998 360
600125990 ETTER,JANEEN 556418 $1,958.93 02/01/1998 360
600125993 SARODE,JAIPRAKASH,MINA 556459 $1,836.33 02/01/1998 360
600126001 PUSTINGER,RAYMOND 556550 $1,827.17 02/01/1998 360
600126009 LISS,STEPHEN,LISA 556623 $2,012.67 02/01/1998 360
600126022 LOWE,EUGENE,VIRGINIA 556748 $1,944.48 02/01/1998 360
600126030 WELCH,YUEH-CHING LO 556806 $680.49 02/01/1998 360
600126035 OLTMAN/GALLIGAN,STEPHEN/E 556846 $2,204.21 02/01/1998 360
600126040 CAMPBELL,JOHN 556882 $1,752.29 02/01/1998 360
600126042 SLYKER,WILLIAM,ETHYLEE 556940 $1,746.25 02/01/1998 360
600126052 KLEIN/MOHAMMED,JAMES/ZORI 557055 $439.49 7 02/01/1998 360
600126056 WALDO/PAAT,SUSAN/REYNALDO 557094 $1,814.64 02/01/1998 360
600126059 WATTS,DIANE 557121 $622.43 2 02/01/1998 360
600126060 EWING,ERIC, VICKI 557125 $2,429.77 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600125987 KAMALI,MASSOUD,SHIRIN $339,900.00 N
600125990 ETTER,JANEEN $347,701.00 N
600125993 SARODE,JAIPRAKASH,MINA $302,000.00 N
600126001 PUSTINGER,RAYMOND $336,000.00 N
600126009 LISS,STEPHEN,LISA $331,000.00 N
600126022 LOWE,EUGENE,VIRGINIA $380,000.00 N
600126030 WELCH,YUEH-CHING LO $118,000.00 N
600126035 OLTMAN/GALLIGAN,STEPHEN/E $380,000.00 N
600126040 CAMPBELL,JOHN $295,000.00 N
600126042 SLYKER,WILLIAM,ETHYLEE $325,000.00 N
600126052 KLEIN/MOHAMMED,JAMES/ZORI $65,000.00 N
600126056 WALDO/PAAT,SUSAN/REYNALDO $295,000.00 N
600126059 WATTS,DIANE $85,000.00 N
600126060 EWING,ERIC, VICKI $395,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 69
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126064 ORTMAN,TIMOTHY J 529 TEXAS STREET SASN FRANCISCO CA 94107 $237,687.58
600126069 WILKINS,RICHARD 30792 MARILYN DRIVE LAGUNA BEACH CA 92651 $335,415.83
600126078 IRLANDA,EDWARD, KATHY 3719 STARR KING CIRCLE PALO ALTO CA 94306 $336,579.62
600126079 SIALARIS,KOSTAS, SANDRA 1487 REDMOND AVENUE SAN JOSE CA 95120 $283,428.19
600126104 TAMRAZ,MONACHIE/MARIAM 7408 SPY GLASS DRIVE MODESTO CA 95356 $299,226.87
600126105 ALGAZZALI,ABDULLAH,MARY 250 AMHERST AVENUE KENSINGTON CA 94705 $299,575.15
600126107 ELBERS,DANIEL 2340 FRANKLIN STREET DENVER CO 80205 $101,573.12
600126108 MONTESANO,DANIEL, MARYANN 152 BELGLEN LANE LOS GATOS CA 95032 $338,566.18
600126113 KANTIKOVIT,KASEM,CHERYL 32 DOWNFIELD WAY COTO DE CAZA CA 92678 $315,798.50
600126190 LEATHERS,SANFORD,MICHELL 416 E AVENUE CORONADO CA 92118 $275,315.15
600126197 DONOYAN,IRINA 1379 HYMETTUS AVENUE ENCINITAS CA 92024 $303,580.21
600126204 SILVERTHORNE,STEPHEN 12465 BUENA VIDA ROAD LAKESIDE CA 92040 $241,841.70
600126207 MULLER,SHIRLEY 325 C AVENUE CORONADO CA 92118 $268,714.87
600126210 SCHMIDT,JACK,MARY 4419 INDIANA AVENUE LA CANADA FLINT CA 91011 $239,846.96
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126064 ORTMAN,TIMOTHY J 8.125 .250 7.875 .0400 7.835 12/01/2027
600126069 WILKINS,RICHARD 8.750 .250 8.500 .0400 8.460 11/01/2027
600126078 IRLANDA,EDWARD, KATHY 8.375 .250 8.125 .0400 8.085 12/01/2027
600126079 SIALARIS,KOSTAS, SANDRA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126104 TAMRAZ,MONACHIE/MARIAM 8.250 .250 8.000 .0400 7.960 10/01/2027
600126105 ALGAZZALI,ABDULLAH,MARY 7.750 .250 7.500 .0400 7.460 12/01/2027
600126107 ELBERS,DANIEL 8.375 .250 8.125 .0400 8.085 12/01/2027
600126108 MONTESANO,DANIEL, MARYANN 8.250 .250 8.000 .0400 7.960 12/01/2027
600126113 KANTIKOVIT,KASEM,CHERYL 8.250 .250 8.000 .0400 7.960 01/01/2028
600126190 LEATHERS,SANFORD,MICHELL 8.000 .250 7.750 .0400 7.710 01/01/2028
600126197 DONOYAN,IRINA 7.875 .250 7.625 .0400 7.585 12/01/2027
600126204 SILVERTHORNE,STEPHEN 8.125 .250 7.875 .0400 7.835 01/01/2028
600126207 MULLER,SHIRLEY 7.875 .250 7.625 .0400 7.585 01/01/2028
600126210 SCHMIDT,JACK,MARY 8.250 .250 8.000 .0400 7.960 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126064 ORTMAN,TIMOTHY J 557163 $1,767.14 02/01/1998 360
600126069 WILKINS,RICHARD 557283 $2,643.31 02/01/1998 360
600126078 IRLANDA,EDWARD, KATHY 557411 $2,561.44 02/01/1998 360
600126079 SIALARIS,KOSTAS, SANDRA 557433 $2,180.64 02/01/1998 360
600126104 TAMRAZ,MONACHIE/MARIAM 557797 $2,253.80 02/01/1998 360
600126105 ALGAZZALI,ABDULLAH,MARY 557799 $2,149.24 02/01/1998 360
600126107 ELBERS,DANIEL 557810 $772.99 14 02/01/1998 360
600126108 MONTESANO,DANIEL, MARYANN 557816 $2,546.79 02/01/1998 360
600126113 KANTIKOVIT,KASEM,CHERYL 557828 $2,374.00 02/01/1998 360
600126190 LEATHERS,SANFORD,MICHELL 558376 $2,021.52 2 02/01/1998 360
600126197 DONOYAN,IRINA 558416 $2,204.21 02/01/1998 360
600126204 SILVERTHORNE,STEPHEN 558499 $1,796.84 02/01/1998 360
600126207 MULLER,SHIRLEY 558503 $1,950.44 02/01/1998 360
600126210 SCHMIDT,JACK,MARY 558516 $1,803.04 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126064 ORTMAN,TIMOTHY J $408,000.00 N
600126069 WILKINS,RICHARD $420,000.00 N
600126078 IRLANDA,EDWARD, KATHY $444,000.00 N
600126079 SIALARIS,KOSTAS, SANDRA $354,500.00 N
600126104 TAMRAZ,MONACHIE/MARIAM $420,000.00 N
600126105 ALGAZZALI,ABDULLAH,MARY $400,000.00 N
600126107 ELBERS,DANIEL $113,000.00 N
600126108 MONTESANO,DANIEL, MARYANN $500,000.00 N
600126113 KANTIKOVIT,KASEM,CHERYL $395,000.00 N
600126190 LEATHERS,SANFORD,MICHELL $290,000.00 N
600126197 DONOYAN,IRINA $380,000.00 N
600126204 SILVERTHORNE,STEPHEN $320,000.00 N
600126207 MULLER,SHIRLEY $500,000.00 N
600126210 SCHMIDT,JACK,MARY $320,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 70
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126218 BAZZLE,DAVID,LORETTA 1215 SISKIYOU DRIVE BIG BEAR LAKE CA 92315 $291,793.91
600126251 CHENG,JAMES 452 MOLIMO DRIVE SAN FRANCISCO CA 94127 $319,801.10
600126254 LEPPER,DAVID,DONNA 9662 DUMBRECK DRIVE HUNTINGTON BEAC CA 92646 $282,228.92
600126256 SONJARA,MIROSLAV,MILICA 2738 CARRIAGEDALE ROW SAN DIEGO CA 92037 $276,805.06
600126263 ASILO/LEE,HILARIO/ANNABEL 31408 MARLIN COURT UNION CITY CA 94587 $300,608.19
600126267 D'OTTAVIO/NEVIL,DONNA/JAC 3015 FERNSIDE BOULEVARD ALAMEDA CA 94501 $262,848.69
600126269 DOYLE,DONAL,BARBARA 2486 REGENT ROAD LIVERMORE CA 94550 $308,812.81
600126281 YGLESIAS,TOM 434 ESTADO WAY NOVATO CA 94945 $255,832.54
600126284 TRUONG,HANG 3058 RIDGEGATE DRIVE SAN JOSE CA 95133 $246,250.73
600126292 REYNOLDS,JERRY,CONSTANCE 540 PACIFIC AVENUE ALAMEDA CA 94501 $243,873.50
600126294 LOOK,WILLIAM 376 BARBARA WAY CARMEL VALLEY CA 93924 $299,798.71
600126298 LINDLAR,KATHLEEN 6138 NORTH VAN NESS BOULE FRESNO CA 93711 $327,779.92
600126303 GELLATLY/VANDRE,DAVID/LIN 1542 MELANIE WAY LIVERMORE CA 94550 $330,788.94
600126305 WILKINSON,IDA JEAN 1490 EAST JOEY CIRCLE SANDY UT 84092 $267,833.43
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126218 BAZZLE,DAVID,LORETTA 7.750 .250 7.500 .0400 7.460 01/01/2028
600126251 CHENG,JAMES 8.375 .250 8.125 .0400 8.085 01/01/2028
600126254 LEPPER,DAVID,DONNA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126256 SONJARA,MIROSLAV,MILICA 8.250 .250 8.000 .0400 7.960 01/01/2028
600126263 ASILO/LEE,HILARIO/ANNABEL 8.250 .250 8.000 .0400 7.960 01/01/2028
600126267 D'OTTAVIO/NEVIL,DONNA/JAC 8.750 .250 8.500 .0400 8.460 01/01/2028
600126269 DOYLE,DONAL,BARBARA 8.500 .250 8.250 .0400 8.210 01/01/2028
600126281 YGLESIAS,TOM 8.125 .250 7.875 .0400 7.835 01/01/2028
600126284 TRUONG,HANG 8.500 .250 8.250 .0400 8.210 01/01/2028
600126292 REYNOLDS,JERRY,CONSTANCE 9.250 .250 9.000 .0400 8.960 01/01/2028
600126294 LOOK,WILLIAM 8.000 .250 7.750 .0400 7.710 01/01/2028
600126298 LINDLAR,KATHLEEN 8.000 .250 7.750 .0400 7.710 01/01/2028
600126303 GELLATLY/VANDRE,DAVID/LIN 8.250 .250 8.000 .0400 7.960 01/01/2028
600126305 WILKINSON,IDA JEAN 8.375 .250 8.125 .0400 8.085 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126218 BAZZLE,DAVID,LORETTA 558579 $2,091.92 02/01/1998 360
600126251 CHENG,JAMES 558822 $2,432.23 02/01/1998 360
600126254 LEPPER,DAVID,DONNA 558868 $2,171.41 02/01/1998 360
600126256 SONJARA,MIROSLAV,MILICA 558871 $2,081.76 02/01/1998 360
600126263 ASILO/LEE,HILARIO/ANNABEL 559065 $2,259.81 02/01/1998 360
600126267 D'OTTAVIO/NEVIL,DONNA/JAC 559167 $2,069.02 02/01/1998 360
600126269 DOYLE,DONAL,BARBARA 559232 $2,375.94 12 02/01/1998 360
600126281 YGLESIAS,TOM 559499 $1,900.79 02/01/1998 360
600126284 TRUONG,HANG 559523 $1,894.60 02/01/1998 360
600126292 REYNOLDS,JERRY,CONSTANCE 559546 $2,007.33 02/01/1998 360
600126294 LOOK,WILLIAM 559594 $2,201.29 02/01/1998 360
600126298 LINDLAR,KATHLEEN 559644 $2,406.75 02/01/1998 360
600126303 GELLATLY/VANDRE,DAVID/LIN 559701 $2,486.69 02/01/1998 360
600126305 WILKINSON,IDA JEAN 559789 $2,036.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126218 BAZZLE,DAVID,LORETTA $365,000.00 N
600126251 CHENG,JAMES $420,000.00 N
600126254 LEPPER,DAVID,DONNA $353,000.00 N
600126256 SONJARA,MIROSLAV,MILICA $346,390.00 N
600126263 ASILO/LEE,HILARIO/ANNABEL $376,000.00 N
600126267 D'OTTAVIO/NEVIL,DONNA/JAC $338,000.00 N
600126269 DOYLE,DONAL,BARBARA $360,000.00 N
600126281 YGLESIAS,TOM $320,000.00 N
600126284 TRUONG,HANG $352,000.00 N
600126292 REYNOLDS,JERRY,CONSTANCE $305,000.00 N
600126294 LOOK,WILLIAM $375,000.00 N
600126298 LINDLAR,KATHLEEN $410,000.00 N
600126303 GELLATLY/VANDRE,DAVID/LIN $413,762.00 N
600126305 WILKINSON,IDA JEAN $335,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 71
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126306 SCHWEICKART/RAM,RUSSELL/N 36780 GREEN COVE DRIVE THE SEA RANCH CA 95497 $344,780.01
600126310 GONZALEZ,MARIO,ROSE 19425 EAST CAMERON AVENUE COVINA AREA CA 91724 $227,858.29
600126312 BICACI,JAK 26461 LAS ALTURAS AVENUE LAGUNA HILLS CA 92653 $311,011.47
600126319 WAISNER,HOMER,MARIE 27592 VISTA DE DONS DANA POINT CA 92624 $259,825.54
600126327 BROWN,WAYNE,FRANCES 21122 RICHMOND CIRCLE HUNTINGTON BEAC CA 92646 $254,087.87
600126328 VYAS,NITINKUMAR,HEME 34 CYPRESS WAY ROLLING HILLS E CA 90274 $273,546.84
600126329 BEIRAMI/HOUSHYA,MANSOUR,Z 401 SEAWARD ROAD NEWPORT BEACH CA 92625 $263,822.86
600126333 OLIVERI,PAUL, ROSA 404 VIA LINDA VISTA TORRANCE CA 90277 $311,785.28
600126335 RAWLINS,CELIA 606 ALHAMBRA ROAD SAN GABRIEL CA 91775 $251,835.16
600126341 SULLIVAN,PATRICK, FAYE 407 MAPLE AVENUE BREA CA 92821 $243,844.41
600126342 LEE,JOU,YAH 12384 CHARLWOOD STREET CERRITOS CA 90703 $247,841.86
600126344 MILLETT,ALMA,JOY 26021 GOVERNOR AVENUE LOS ANGELES CA 90710 $279,830.37
600126346 YACOUBIAN,ROBERT 8604 - 8606 RUGBY DRIVE WEST HOLLYWOOD CA 90069 $311,806.07
600126351 FOLEY,MARK, DENISE 7420 EAST PINTO WAY ORANGE CA 92869 $299,788.26
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126306 SCHWEICKART/RAM,RUSSELL/N 8.250 .250 8.000 .0400 7.960 01/01/2028
600126310 GONZALEZ,MARIO,ROSE 8.375 .250 8.125 .0400 8.085 01/01/2028
600126312 BICACI,JAK 8.500 .250 8.250 .0400 8.210 01/01/2028
600126319 WAISNER,HOMER,MARIE 8.000 .250 7.750 .0400 7.710 01/01/2028
600126327 BROWN,WAYNE,FRANCES 8.250 .250 8.000 .0400 7.960 01/01/2028
600126328 VYAS,NITINKUMAR,HEME 7.500 .250 7.250 .0400 7.210 01/01/2028
600126329 BEIRAMI/HOUSHYA,MANSOUR,Z 8.000 .250 7.750 .0400 7.710 01/01/2028
600126333 OLIVERI,PAUL, ROSA 7.875 .250 7.625 .0400 7.585 01/01/2028
600126335 RAWLINS,CELIA 8.125 .250 7.875 .0400 7.835 01/01/2028
600126341 SULLIVAN,PATRICK, FAYE 8.250 .250 8.000 .0400 7.960 01/01/2028
600126342 LEE,JOU,YAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126344 MILLETT,ALMA,JOY 8.500 .250 8.250 .0400 8.210 01/01/2028
600126346 YACOUBIAN,ROBERT 8.375 .250 8.125 .0400 8.085 01/01/2028
600126351 FOLEY,MARK, DENISE 7.750 .250 7.500 .0400 7.460 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126306 SCHWEICKART/RAM,RUSSELL/N 559821 $2,591.87 02/01/1998 360
600126310 GONZALEZ,MARIO,ROSE 559920 $1,732.96 02/01/1998 360
600126312 BICACI,JAK 559926 $2,392.86 02/01/1998 360
600126319 WAISNER,HOMER,MARIE 559966 $1,907.79 02/01/1998 360
600126327 BROWN,WAYNE,FRANCES 560055 $1,910.10 02/01/1998 360
600126328 VYAS,NITINKUMAR,HEME 560066 $1,914.10 02/01/1998 360
600126329 BEIRAMI/HOUSHYA,MANSOUR,Z 560075 $1,937.14 02/01/1998 360
600126333 OLIVERI,PAUL, ROSA 560099 $2,262.22 02/01/1998 360
600126335 RAWLINS,CELIA 560135 $1,871.09 02/01/1998 360
600126341 SULLIVAN,PATRICK, FAYE 560185 $1,833.09 02/01/1998 360
600126342 LEE,JOU,YAH 560193 $1,863.14 02/01/1998 360
600126344 MILLETT,ALMA,JOY 560214 $2,152.96 02/01/1998 360
600126346 YACOUBIAN,ROBERT 560266 $2,371.43 02/01/1998 360
600126351 FOLEY,MARK, DENISE 560320 $2,149.24 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126306 SCHWEICKART/RAM,RUSSELL/N $460,000.00 N
600126310 GONZALEZ,MARIO,ROSE $285,000.00 N
600126312 BICACI,JAK $389,000.00 N
600126319 WAISNER,HOMER,MARIE $325,000.00 N
600126327 BROWN,WAYNE,FRANCES $339,000.00 N
600126328 VYAS,NITINKUMAR,HEME $365,000.00 N
600126329 BEIRAMI/HOUSHYA,MANSOUR,Z $330,000.00 N
600126333 OLIVERI,PAUL, ROSA $390,000.00 N
600126335 RAWLINS,CELIA $315,000.00 N
600126341 SULLIVAN,PATRICK, FAYE $305,000.00 N
600126342 LEE,JOU,YAH $310,000.00 N
600126344 MILLETT,ALMA,JOY $350,000.00 N
600126346 YACOUBIAN,ROBERT $390,000.00 N
600126351 FOLEY,MARK, DENISE $427,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 72
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126359 WOLF,LEE 422 NORTH WINDSOR BOULEVA LOS ANGELES CA 90004 $228,834.25
600126361 ZIESE/ALBANESE,GLORIA/LIN 9362 CANDLEWOOD DRIVE HUNTINGTON BEAC CA 92646 $235,853.31
600126372 OSTENSEN,THOMAS 31851 VIA PUNTERO SAN JUAN CAPIST CA 92675 $282,810.12
600126379 STOCK,RAYMOND,BIRDELL 9700 BROOKSHIRE AVENUE DOWNEY CA 90240 $331,771.52
600126399 WILLIAMS,MARTY,DEBORAH 1621 5TH AVENUE NORTHWEST GREAT FALLS MT 59404 $47,969.39
600126400 WILLIAMS,MARTY,DEBORAH 1625 5TH AVENUE NORTHWEST GREAT FALLS MT 59404 $47,969.39
600126401 WILLIAMS,MARTY,DEBORAH 1613 5TH AVENUE NORTHWEST GREAT FALLS MT 59404 $47,969.39
600126402 WILLIAMS,MARTY,DEBORAH 1617 5TH AVENUE NORTHWEST GREAT FALLS MT 59404 $47,969.39
600126408 TING,STEPHEN 5025 SAND POINT PLACE NOR SEATTLE WA 98105 $327,796.13
600126411 MILLAR/COX,JIM/CATHERINE 3724 SOUTHWEST IDA STREET SEATTLE WA 98126 $108,734.09
600126420 BEAZLEY,AMY 904 RACINE STREET BELLINGHAM WA 98226 $291,808.99
600126427 HILL/LAWSON,LELA/CAROLYN 1419 NORTHSIDE AVENUE #A BERKELEY CA 94702 $295,820.69
600126430 GARIBAY,ARTURO,ROSEMARY 1181 DRIFTWOOD TERRACE GILROY CA 95020 $232,666.06
600126432 RAD,NOSRAT 237 RAMONA ROAD DANVILLE CA 94526 $279,816.84
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126359 WOLF,LEE 7.625 .250 7.375 .0400 7.335 01/01/2028
600126361 ZIESE/ALBANESE,GLORIA/LIN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126372 OSTENSEN,THOMAS 8.000 .250 7.750 .0400 7.710 01/01/2028
600126379 STOCK,RAYMOND,BIRDELL 7.875 .250 7.625 .0400 7.585 01/01/2028
600126399 WILLIAMS,MARTY,DEBORAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126400 WILLIAMS,MARTY,DEBORAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126401 WILLIAMS,MARTY,DEBORAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126402 WILLIAMS,MARTY,DEBORAH 8.250 .250 8.000 .0400 7.960 01/01/2028
600126408 TING,STEPHEN 8.375 .250 8.125 .0400 8.085 01/01/2028
600126411 MILLAR/COX,JIM/CATHERINE 8.500 .250 8.250 .0400 8.210 01/01/2028
600126420 BEAZLEY,AMY 8.125 .250 7.875 .0400 7.835 01/01/2028
600126427 HILL/LAWSON,LELA/CAROLYN 8.500 .250 8.250 .0400 8.210 01/01/2028
600126430 GARIBAY,ARTURO,ROSEMARY 8.750 .250 8.500 .0400 8.460 01/01/2028
600126432 RAD,NOSRAT 8.125 .250 7.875 .0400 7.835 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126359 WOLF,LEE 560395 $1,620.85 02/01/1998 360
600126361 ZIESE/ALBANESE,GLORIA/LIN 560437 $1,793.77 02/01/1998 360
600126372 OSTENSEN,THOMAS 560551 $2,076.55 02/01/1998 360
600126379 STOCK,RAYMOND,BIRDELL 560888 $2,407.23 02/01/1998 360
600126399 WILLIAMS,MARTY,DEBORAH 561009 $360.61 02/01/1998 360
600126400 WILLIAMS,MARTY,DEBORAH 561010 $360.61 02/01/1998 360
600126401 WILLIAMS,MARTY,DEBORAH 561011 $360.61 02/01/1998 360
600126402 WILLIAMS,MARTY,DEBORAH 561012 $360.61 02/01/1998 360
600126408 TING,STEPHEN 561093 $2,493.04 02/01/1998 360
600126411 MILLAR/COX,JIM/CATHERINE 561098 $836.58 02/01/1998 360
600126420 BEAZLEY,AMY 561228 $2,168.09 02/01/1998 360
600126427 HILL/LAWSON,LELA/CAROLYN 562968 $2,275.98 02/01/1998 360
600126430 GARIBAY,ARTURO,ROSEMARY 563009 $1,831.44 02/01/1998 360
600126432 RAD,NOSRAT 563036 $2,078.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126359 WOLF,LEE $305,395.00 N
600126361 ZIESE/ALBANESE,GLORIA/LIN $295,000.00 N
600126372 OSTENSEN,THOMAS $370,000.00 N
600126379 STOCK,RAYMOND,BIRDELL $460,000.00 N
600126399 WILLIAMS,MARTY,DEBORAH $95,000.00 N
600126400 WILLIAMS,MARTY,DEBORAH $95,000.00 N
600126401 WILLIAMS,MARTY,DEBORAH $95,000.00 N
600126402 WILLIAMS,MARTY,DEBORAH $95,000.00 N
600126408 TING,STEPHEN $410,000.00 N
600126411 MILLAR/COX,JIM/CATHERINE $136,000.00 N
600126420 BEAZLEY,AMY $365,000.00 N
600126427 HILL/LAWSON,LELA/CAROLYN $370,000.00 N
600126430 GARIBAY,ARTURO,ROSEMARY $291,000.00 N
600126432 RAD,NOSRAT $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 73
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126448 IMOBERSTEG/WEST,GLENN,KAT 1749 DUNE POINT WAY DISCOVERY BAY CA 94514 $256,627.69
600126449 D'AMICO,JUAN,MARIA 855-859 ROLLINS ROAD BURLINGAME CA 94010 $293,797.68
600126451 GAERTNER,FRANK 4465 OCEAN BOULEVARD SAN DIEGO CA 92109 $251,081.42
600126455 YUEN,PATRICIA 1830 NORTH PECOS ROAD LAS VEGAS NV 89115 $69,209.11
600126463 DE LA HOUSSAYE,PAUL 2540 & 2542 ALBATROSS STR SAN DIEGO CA 92101 $279,812.13
600126474 WILDMAN,RICHARD 1733 NAUTILUS STREET LA JOLLA CA 92037 $291,804.08
600126495 MCCABE/BROWN,J.KEN/MARY B 6645 CURLEW TERRACE CARLSBAD CA 92009 $295,796.29
600126500 BORRACCHINI,GARY 6223 LAKEVIEW DR. KIRKLAND WA 98033 $239,729.90
600126502 DURFEE,ROBERT, ELLEN 3851 S.W. 59TH AVENUE DAVIE FL 33314 $66,534.22
600126508 MARTIN,BONAFACIO, MERC 1679 HOOD COURT SANTA CLARA CA 95051 $239,692.87
600126512 SAMUELS,MARK,JESSE JILL 44 MAGNOLIA STREET ASHEVILLE NC 28801 $37,710.71
600126663 DICRESCIO,DOMINIC 7093 ALBANY HIL RIO RANCHO NM 87124 $89,896.90
600126668 JOHNSON,DANIEL 1819 9TH AVENUE LONGMONT CO 80501 $92,189.66
600126672 GRAYSON,ALLEN 8300 KNOLLBROOK CHARLOTTE NC 28226 $112,359.67
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126448 IMOBERSTEG/WEST,GLENN,KAT 8.000 .250 7.750 .0400 7.710 01/01/2028
600126449 D'AMICO,JUAN,MARIA 7.875 .250 7.625 .0400 7.585 01/01/2028
600126451 GAERTNER,FRANK 8.000 .250 7.750 .0400 7.710 01/01/2028
600126455 YUEN,PATRICIA 8.625 .250 8.375 .0400 8.335 01/01/2028
600126463 DE LA HOUSSAYE,PAUL 8.000 .250 7.750 .0400 7.710 01/01/2028
600126474 WILDMAN,RICHARD 8.000 .250 7.750 .0400 7.710 01/01/2028
600126495 MCCABE/BROWN,J.KEN/MARY B 7.875 .250 7.625 .0400 7.585 01/01/2028
600126500 BORRACCHINI,GARY 8.875 .250 8.625 .0400 8.585 12/01/2027
600126502 DURFEE,ROBERT, ELLEN 9.500 .250 9.250 .0400 9.210 12/01/2027
600126508 MARTIN,BONAFACIO, MERC 8.250 .250 8.000 .0400 7.960 12/01/2027
600126512 SAMUELS,MARK,JESSE JILL 9.250 .250 9.000 .0400 8.960 12/01/2027
600126663 DICRESCIO,DOMINIC 8.625 .250 8.375 .0500 8.325 01/01/2028
600126668 JOHNSON,DANIEL 8.125 .250 7.875 .0500 7.825 01/01/2028
600126672 GRAYSON,ALLEN 8.375 .250 8.125 .0500 8.075 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126448 IMOBERSTEG/WEST,GLENN,KAT 563372 $1,884.31 02/01/1998 360
600126449 D'AMICO,JUAN,MARIA 563504 $2,131.70 02/01/1998 360
600126451 GAERTNER,FRANK 565914 $1,843.58 02/01/1998 360
600126455 YUEN,PATRICIA 565953 $538.62 2 02/01/1998 360
600126463 DE LA HOUSSAYE,PAUL 566024 $2,054.54 02/01/1998 360
600126474 WILDMAN,RICHARD 566148 $2,142.59 02/01/1998 360
600126495 MCCABE/BROWN,J.KEN/MARY B 566876 $2,146.21 02/01/1998 360
600126500 BORRACCHINI,GARY 567953 $1,909.55 02/01/1998 360
600126502 DURFEE,ROBERT, ELLEN 567959 $560.01 7 02/01/1998 360
600126508 MARTIN,BONAFACIO, MERC 567973 $1,803.04 02/01/1998 360
600126512 SAMUELS,MARK,JESSE JILL 567985 $310.56 7 02/01/1998 360
600126663 DICRESCIO,DOMINIC 1187871 $699.62 7 02/01/1998 360
600126668 JOHNSON,DANIEL 1247576 $684.95 02/01/1998 360
600126672 GRAYSON,ALLEN 1260462 $855.08 7 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126448 IMOBERSTEG/WEST,GLENN,KAT $321,000.00 N
600126449 D'AMICO,JUAN,MARIA $367,500.00 N
600126451 GAERTNER,FRANK $335,000.00 N
600126455 YUEN,PATRICIA $72,900.00 N
600126463 DE LA HOUSSAYE,PAUL $350,000.00 N
600126474 WILDMAN,RICHARD $418,000.00 N
600126495 MCCABE/BROWN,J.KEN/MARY B $370,000.00 N
600126500 BORRACCHINI,GARY $300,000.00 N
600126502 DURFEE,ROBERT, ELLEN $74,000.00 N
600126508 MARTIN,BONAFACIO, MERC $300,000.00 N
600126512 SAMUELS,MARK,JESSE JILL $42,000.00 N
600126663 DICRESCIO,DOMINIC .00 .00 .00 .000 .250 .300 $99,990.00 N
600126668 JOHNSON,DANIEL .00 .00 .00 .000 .250 .300 $123,000.00 N
600126672 GRAYSON,ALLEN .00 .00 .00 .000 .250 .300 $125,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 74
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126682 RUSSELL,STEVEN 3401 VRAIN STRE DENVER CO 80212 $102,682.78
600126694 GARCIA,SALVADOR 3123-3125 WEST DENVER CO 80211 $72,908.94
600126711 TOEDTE,LYNN 7665 EAST EASTM DENVER CO 80231 $38,976.37
600126720 GAMBOA,MODESTO 2150 MORNINGSI CARPENTERSVILLE IL 60110 $44,170.35
600126730 POTTINGER,MARK 2698 LAKE HARBI MORROW GA 30260 $56,575.23
600126731 DANIEL,JERRY 312 WOOD RIDGE PEACHTREE CITY GA 30269 $84,045.03
600126754 WALKER,LARRY 1917 WILLA WAY DECATUR GA 30032 $53,963.77
600126763 SHIKOOHI,DAVID 135 BROOKS BRID ALPHARETTA GA 30022 $88,748.91
600126789 PRICE,LOIS 5284 CAMPBELTON ATLANTA GA 30331 $43,974.68
600126798 NEAVES,MARIA 3106 TILLIE DRI SAN ANTONIO TX 78222 $31,480.92
600126817 LLOYD, JAMES 43427 RIDGECRES BIG BEAR LAKE CA 92315 $259,123.85
600126818 MIAH, HASSAN 4958 BRIDG SAN LUIS OBISPO CA 93401 $649,505.40
600126821 DELONG, CARY 473 COPPERSTONE COPPELL TX 75019 $240,063.85
600126822 BRIGGS, ROBERT 1109 PASEO CHULA VISTA CA 91910 $227,285.71
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126682 RUSSELL,STEVEN 8.125 .250 7.875 .0500 7.825 01/01/2028
600126694 GARCIA,SALVADOR 8.375 .250 8.125 .0500 8.075 12/01/2027
600126711 TOEDTE,LYNN 8.500 .250 8.250 .0500 8.200 01/01/2028
600126720 GAMBOA,MODESTO 8.000 .250 7.750 .0500 7.700 01/01/2028
600126730 POTTINGER,MARK 8.125 .250 7.875 .0500 7.825 12/01/2027
600126731 DANIEL,JERRY 8.375 .250 8.125 .0500 8.075 12/01/2027
600126754 WALKER,LARRY 8.000 .250 7.750 .0500 7.700 01/01/2028
600126763 SHIKOOHI,DAVID 8.750 .250 8.500 .0500 8.450 01/01/2028
600126789 PRICE,LOIS 8.750 .250 8.500 .0500 8.450 01/01/2028
600126798 NEAVES,MARIA 8.500 .250 8.250 .0500 8.200 01/01/2028
600126817 LLOYD, JAMES 8.000 .250 7.750 .0500 7.700 11/01/2027
600126818 MIAH, HASSAN 7.375 .250 7.125 .0500 7.075 01/01/2028
600126821 DELONG, CARY 7.875 .250 7.625 .0500 7.575 12/01/2027
600126822 BRIGGS, ROBERT 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126682 RUSSELL,STEVEN 1270107 $762.92 02/01/1998 360
600126694 GARCIA,SALVADOR 1276302 $554.85 02/01/1998 360
600126711 TOEDTE,LYNN 1280544 $299.88 02/01/1998 360
600126720 GAMBOA,MODESTO 1282938 $324.32 02/01/1998 360
600126730 POTTINGER,MARK 1284744 $421.00 7 02/01/1998 360
600126731 DANIEL,JERRY 1284769 $639.60 7 02/01/1998 360
600126754 WALKER,LARRY 1288414 $396.23 02/01/1998 360
600126763 SHIKOOHI,DAVID 1291202 $698.59 02/01/1998 360
600126789 PRICE,LOIS 1295989 $346.15 02/01/1998 360
600126798 NEAVES,MARIA 1297894 $242.21 2 02/01/1998 360
600126817 LLOYD, JAMES 1062124 $1,905.22 2 02/01/1998 360
600126818 MIAH, HASSAN 1063304 $4,489.39 02/01/1998 360
600126821 DELONG, CARY 1188010 $1,743.43 02/01/1998 360
600126822 BRIGGS, ROBERT 1218205 $1,650.26 2 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126682 RUSSELL,STEVEN .00 .00 .00 .000 .250 .300 $137,000.00 N
600126694 GARCIA,SALVADOR .00 .00 .00 .000 .250 .300 $110,000.00 N
600126711 TOEDTE,LYNN .00 .00 .00 .000 .250 .300 $52,000.00 N
600126720 GAMBOA,MODESTO .00 .00 .00 .000 .250 .300 $68,000.00 N
600126730 POTTINGER,MARK .00 .00 .00 .000 .250 .300 $63,000.00 N
600126731 DANIEL,JERRY .00 .00 .00 .000 .250 .300 $93,500.00 N
600126754 WALKER,LARRY .00 .00 .00 .000 .250 .300 $72,000.00 N
600126763 SHIKOOHI,DAVID .00 .00 .00 .000 .250 .300 $113,000.00 N
600126789 PRICE,LOIS .00 .00 .00 .000 .250 .300 $74,000.00 N
600126798 NEAVES,MARIA .00 .00 .00 .000 .250 .300 $35,000.00 N
600126817 LLOYD, JAMES $288,500.00 N
600126818 MIAH, HASSAN $940,000.00 N
600126821 DELONG, CARY $310,000.00 N
600126822 BRIGGS, ROBERT $253,900.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 75
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126824 DELGADO, VINCENT 213 SOUTH POPLA BREA CA 92821 $256,963.88
600126825 SITES, SCOTT 18115 PINE TRAI LOS GATOS CA 95033 $373,336.31
600126827 GERBIE, S. 231 NORTH EUCLI OAK PARK IL 60302 $494,281.19
600126830 CLEMENS, RICHARD 696 PALISADES D PACIFIC PALISAD CA 90272 $315,552.50
600126831 CANNAVA, ANDREW 7536 LOLINA LAN LOS ANGELES CA 90046 $472,615.78
600126835 SIMON, RANDALL 6700 EAST 5TH A DENVER CO 80220 $259,417.49
600126836 MEYROWITZ, BARRY 3980 MERIWEATHE ALPHARETTA GA 30202 $383,958.21
600126837 MCMAUDE, MICHAEL 3637 GRANADA AV UNIVERSITY PARK TX 75205 $254,057.46
600126838 MEGLIN, ALLEN 1912 ASHBROOK D WILMINGTON NC 28403 $499,254.21
600126839 LEVINE, SAUL 2160 VIA MAR VA DEL MAR CA 92014 $499,273.92
600126840 EATON, DAVID 1540 HILLSIDE D GLENDALE CA 91208 $254,829.41
600126841 WALKER, ALBERT 10525 STANYAN S ALPHARETTA GA 30022 $330,730.97
600126842 JUELS, CHRISTOPHER 16799 CALLE DE LOS ANGELES CA 90272 $599,565.74
600126843 DALTON, GLENN 885 NORMA WAY SANTA BARBARA CA 93111 $286,603.68
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126824 DELGADO, VINCENT 7.625 .250 7.375 .0500 7.325 01/01/2028
600126825 SITES, SCOTT 7.750 .250 7.500 .0500 7.450 01/01/2028
600126827 GERBIE, S. 7.625 .250 7.375 .0500 7.325 12/01/2027
600126830 CLEMENS, RICHARD 7.750 .250 7.500 .0500 7.450 12/01/2027
600126831 CANNAVA, ANDREW 7.875 .250 7.625 .0500 7.575 11/01/2027
600126835 SIMON, RANDALL 7.500 .250 7.250 .0500 7.200 11/01/2027
600126836 MEYROWITZ, BARRY 7.500 .250 7.250 .0500 7.200 12/01/2027
600126837 MCMAUDE, MICHAEL 8.000 .250 7.750 .0500 7.700 12/01/2027
600126838 MEGLIN, ALLEN 7.500 .250 7.250 .0500 7.200 12/01/2027
600126839 LEVINE, SAUL 7.625 .250 7.375 .0500 7.325 12/01/2027
600126840 EATON, DAVID 7.625 .250 7.375 .0500 7.325 12/01/2027
600126841 WALKER, ALBERT 7.750 .250 7.500 .0500 7.450 12/01/2027
600126842 JUELS, CHRISTOPHER 7.625 .250 7.375 .0500 7.325 01/01/2028
600126843 DALTON, GLENN 7.875 .250 7.625 .0500 7.575 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126824 DELGADO, VINCENT 1247196 $1,820.09 02/01/1998 360
600126825 SITES, SCOTT 1252279 $2,676.52 02/01/1998 360
600126827 GERBIE, S. 1255165 $3,503.58 02/01/1998 360
600126830 CLEMENS, RICHARD 1261130 $2,263.86 02/01/1998 360
600126831 CANNAVA, ANDREW 1261718 $3,433.93 02/01/1998 360
600126835 SIMON, RANDALL 1268747 $1,817.96 02/01/1998 360
600126836 MEYROWITZ, BARRY 1270487 $2,691.98 02/01/1998 360
600126837 MCMAUDE, MICHAEL 1270529 $1,866.70 02/01/1998 360
600126838 MEGLIN, ALLEN 1272012 $3,496.07 02/01/1998 360
600126839 LEVINE, SAUL 1272079 $3,538.97 02/01/1998 360
600126840 EATON, DAVID 1272293 $1,806.29 02/01/1998 360
600126841 WALKER, ALBERT 1277292 $2,372.76 02/01/1998 360
600126842 JUELS, CHRISTOPHER 1278423 $4,246.76 02/01/1998 360
600126843 DALTON, GLENN 1278597 $2,080.95 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126824 DELGADO, VINCENT $321,500.00 N
600126825 SITES, SCOTT $467,000.00 N
600126827 GERBIE, S. $800,000.00 N
600126830 CLEMENS, RICHARD $570,000.00 N
600126831 CANNAVA, ANDREW $592,000.00 N
600126835 SIMON, RANDALL $325,000.00 N
600126836 MEYROWITZ, BARRY $850,000.00 N
600126837 MCMAUDE, MICHAEL $318,000.00 N
600126838 MEGLIN, ALLEN $630,000.00 N
600126839 LEVINE, SAUL $800,000.00 N
600126840 EATON, DAVID $319,000.00 N
600126841 WALKER, ALBERT $418,000.00 N
600126842 JUELS, CHRISTOPHER $750,000.00 N
600126843 DALTON, GLENN $410,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 76
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126846 SEEBERGER, JOHN 5 MULE DEER TRA LITTLETON CO 80127 $399,447.63
600126847 DICKERSON, ALFRED 401 LA CIMA ROA SOQUEL CA 95073 $599,576.53
600126848 LOTT, JR., WILLIE 35 EL ALAMO COU DANVILLE CA 94526 $749,496.77
600126850 CHAPMAN, III, JOHN 3155 SHORELINE CLEARWATER FL 34620 $245,413.12
600126851 BRYANT III, JACK 925 BISHOPSWOOD ALPHARETTA GA 30022 $249,809.77
600126853 KALLEN, NORMAN 4614 RUBIO AVEN ENCINO CA 91436 $479,643.77
600126854 MOODY, JOHN 1495 CALZADA AV SANTA YNEZ CA 93460 $235,824.85
600126856 WEINSTEIN, BRUCE 55 WING MILL RO ATLANTA GA 30350 $309,775.63
600126857 HORN, GARY 3236 MILTON STR UNIVERSITY PARK TX 75205 $309,981.07
600126859 TURNER, RONALD 1803 WYNTHROP M MARIETTA GA 30064 $294,781.07
600126860 BOWLING, ANNA 730 ELM STREET DENVER CO 80220 $318,863.19
600126865 FOSTER, KENT 5015 REGENCY DR ROCKLIN CA 95677 $261,315.43
600126866 BADDIN, NEAL 2251 MARAVILLA LOS ANGELES CA 90068 $412,400.00
600126869 STONEBREAKER, ROBERT 1289 BIRMINGHAM ENCINITAS CA 92024 $329,532.68
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126846 SEEBERGER, JOHN 7.875 .250 7.625 .0500 7.575 12/01/2027
600126847 DICKERSON, ALFRED 7.750 .250 7.500 .0500 7.450 01/01/2028
600126848 LOTT, JR., WILLIE 8.000 .250 7.750 .0500 7.700 01/01/2028
600126850 CHAPMAN, III, JOHN 7.375 .250 7.125 .0500 7.075 01/01/2028
600126851 BRYANT III, JACK 7.375 .250 7.125 .0500 7.075 01/01/2028
600126853 KALLEN, NORMAN 7.500 .250 7.250 .0500 7.200 01/01/2028
600126854 MOODY, JOHN 7.500 .250 7.250 .0500 7.200 01/01/2028
600126856 WEINSTEIN, BRUCE 7.625 .250 7.375 .0500 7.325 01/01/2028
600126857 HORN, GARY 7.750 .250 7.500 .0500 7.450 01/01/2028
600126859 TURNER, RONALD 7.500 .250 7.250 .0500 7.200 01/01/2028
600126860 BOWLING, ANNA 7.500 .250 7.250 .0500 7.200 01/01/2028
600126865 FOSTER, KENT 7.750 .250 7.500 .0500 7.450 01/01/2028
600126866 BADDIN, NEAL 7.375 .250 7.125 .0500 7.075 02/01/2028
600126869 STONEBREAKER, ROBERT 7.750 .250 7.500 .0500 7.450 12/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126846 SEEBERGER, JOHN 1280585 $2,900.28 02/01/1998 360
600126847 DICKERSON, ALFRED 1281989 $4,298.47 02/01/1998 360
600126848 LOTT, JR., WILLIE 1282649 $5,503.23 02/01/1998 360
600126850 CHAPMAN, III, JOHN 1287515 $1,696.30 02/01/1998 360
600126851 BRYANT III, JACK 1287630 $1,726.69 02/01/1998 360
600126853 KALLEN, NORMAN 1288174 $3,356.23 02/01/1998 360
600126854 MOODY, JOHN 1292184 $1,650.15 02/01/1998 360
600126856 WEINSTEIN, BRUCE 1292549 $2,194.16 02/01/1998 360
600126857 HORN, GARY 1292572 $2,222.31 02/01/1998 360
600126859 TURNER, RONALD 1295864 $2,062.68 02/01/1998 360
600126860 BOWLING, ANNA 1296300 $2,231.19 02/01/1998 360
600126865 FOSTER, KENT 1306802 $1,873.42 2 02/01/1998 360
600126866 BADDIN, NEAL 1310119 $2,848.34 02/01/1998 360
600126869 STONEBREAKER, ROBERT 1237841 $2,364.16 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126846 SEEBERGER, JOHN $510,000.00 N
600126847 DICKERSON, ALFRED $750,000.00 N
600126848 LOTT, JR., WILLIE $1,155,000.00 N
600126850 CHAPMAN, III, JOHN $307,000.00 N
600126851 BRYANT III, JACK $430,000.00 N
600126853 KALLEN, NORMAN $715,000.00 N
600126854 MOODY, JOHN $295,000.00 N
600126856 WEINSTEIN, BRUCE $550,000.00 N
600126857 HORN, GARY $389,000.00 N
600126859 TURNER, RONALD $390,000.00 N
600126860 BOWLING, ANNA $414,000.00 N
600126865 FOSTER, KENT $295,000.00 N
600126866 BADDIN, NEAL $515,500.00 N
600126869 STONEBREAKER, ROBERT $430,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 77
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126871 MANULIS, JOHN 1760 NICHOLS CA LOS ANGELES CA 90046 $379,229.95
600126875 NELSON, CHRISTOPHER 7872 MEADOWBROO PLEASANTON CA 94588 $299,798.71
600126876 PEERY III, JOHN 942-946 PEPPER EL SEGUNDO CA 90245 $239,335.18
600126878 RATZAN, MICHAEL 0209 SOUTH HARR BRECKENRIDGE CO 80424 $266,080.22
600126879 KITRILAKIS, STELIO 1450 SANCHEZ ST SAN FRANCISCO CA 94131 $443,709.56
600126880 ZINK, ROBERT 1324 MOKELUMNE ANTIOCH CA 94509 $265,407.77
600126881 TAYLOR, GREGORY 720 MARSOLAN AV SOLANA BEACH CA 92075 $484,657.69
600126882 THEODORES, THOMAS 4366 CESAR CHAV SAN FRANCISCO CA 94131 $309,797.22
600126883 GOODFELLOW, ALEXANDER 409 1ST STREET CORONADO CA 92118 $490,803.96
600126884 BRODIE, WILLIAM 6035 CIELO VIST CAMARILLO CA 93012 $322,553.98
600126885 CHAN, PETER 128 POTOMAC DRI LOS GATOS CA 95032 $375,929.85
600126886 WANDERER, JAMES 222 WALTER HAYS PALO ALTO CA 94303 $296,568.71
600126888 CHUA, DESMOND 1211 RIBBON STR FOSTER CITY CA 94404 $299,575.15
600126889 WHALEN, ROGER 1707 EAST VALLE SANTA BARBARA CA 93108 $549,621.50
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126871 MANULIS, JOHN 8.000 .250 7.750 .0500 7.700 11/01/2027
600126875 NELSON, CHRISTOPHER 8.000 .250 7.750 .0500 7.700 01/01/2028
600126876 PEERY III, JOHN 7.875 .250 7.625 .0500 7.575 01/01/2028
600126878 RATZAN, MICHAEL 8.250 .250 8.000 .0500 7.950 01/01/2028
600126879 KITRILAKIS, STELIO 8.125 .250 7.875 .0500 7.825 01/01/2028
600126880 ZINK, ROBERT 7.625 .250 7.375 .0500 7.325 01/01/2028
600126881 TAYLOR, GREGORY 7.750 .250 7.500 .0500 7.450 01/01/2028
600126882 THEODORES, THOMAS 8.125 .250 7.875 .0500 7.825 01/01/2028
600126883 GOODFELLOW, ALEXANDER 7.750 .250 7.500 .0500 7.450 12/01/2027
600126884 BRODIE, WILLIAM 7.875 .250 7.625 .0500 7.575 12/01/2027
600126885 CHAN, PETER 7.625 .250 7.375 .0500 7.325 12/01/2027
600126886 WANDERER, JAMES 7.625 .250 7.375 .0500 7.325 12/01/2027
600126888 CHUA, DESMOND 7.750 .250 7.500 .0500 7.450 12/01/2027
600126889 WHALEN, ROGER 7.875 .250 7.625 .0500 7.575 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126871 MANULIS, JOHN 1255934 $2,788.31 02/01/1998 360
600126875 NELSON, CHRISTOPHER 1266113 $2,201.29 02/01/1998 360
600126876 PEERY III, JOHN 1267350 $1,736.54 02/01/1998 360
600126878 RATZAN, MICHAEL 1269455 $2,000.25 02/01/1998 360
600126879 KITRILAKIS, STELIO 1269505 $3,296.69 02/01/1998 360
600126880 ZINK, ROBERT 1270909 $1,879.90 02/01/1998 360
600126881 TAYLOR, GREGORY 1273051 $3,474.60 02/01/1998 360
600126882 THEODORES, THOMAS 1273325 $2,301.74 02/01/1998 360
600126883 GOODFELLOW, ALEXANDER 1274141 $3,521.17 02/01/1998 360
600126884 BRODIE, WILLIAM 1274638 $2,341.97 02/01/1998 360
600126885 CHAN, PETER 1274778 $2,686.08 02/01/1998 360
600126886 WANDERER, JAMES 1274828 $2,102.15 02/01/1998 360
600126888 CHUA, DESMOND 1275122 $2,149.24 02/01/1998 360
600126889 WHALEN, ROGER 1275221 $3,987.88 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126871 MANULIS, JOHN $520,000.00 N
600126875 NELSON, CHRISTOPHER $410,000.00 N
600126876 PEERY III, JOHN $325,000.00 N
600126878 RATZAN, MICHAEL $355,000.00 N
600126879 KITRILAKIS, STELIO $555,000.00 N
600126880 ZINK, ROBERT $332,500.00 N
600126881 TAYLOR, GREGORY $615,000.00 N
600126882 THEODORES, THOMAS $539,000.00 N
600126883 GOODFELLOW, ALEXANDER $925,000.00 N
600126884 BRODIE, WILLIAM $505,000.00 N
600126885 CHAN, PETER $500,000.00 N
600126886 WANDERER, JAMES $620,000.00 N
600126888 CHUA, DESMOND $495,000.00 N
600126889 WHALEN, ROGER $1,250,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 78
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126890 FINKLE, WILLIAM 10490 HOLMAN AV LOS ANGELES CA 90064 $391,730.23
600126891 INGRAM, DAVID 3564 BAYSIDE WA SAN DIEGO CA 92109 $599,171.45
600126892 TODD, BLAKE 1660 EL VERANO THOUSAND OAKS CA 91362 $359,700.00
600126893 GILBERT, BARTON 752 SOUTH POND LAFAYETTE CA 94529 $317,769.85
600126894 REINDL, TRACY 2140 STEWART AV WALNUT CREEK CA 94596 $279,825.97
600126895 LOVE, DAVID 16535 VIA DE SA RANCHO SANTA FE CA 92067 $572,987.43
600126896 LEVY, NICHOLAS 778 RAMONA PLAC SOLANA BEACH CA 92075 $549,221.12
600126898 DAVIS, RITA 1623 2ND STREET MANHATTAN BEACH CA 90266 $317,582.56
600126899 WALLIN, EDWARD 20202 ROGERS DR ORANGE CA 92869 $379,461.86
600126901 HITT, GORDON 809 TYBURN ROAD PALOS VERDES CA 90274 $419,710.96
600126903 GIBELLO, MARK 14929 ALVA DRIV PACIFIC PALISAD CA 90272 $467,677.93
600126904 HAMILTON, THOMAS 9130 COUNTY ROA DURANGO CO 81301 $254,224.92
600126907 HALPERIN, JOHN 3100 FRYMAN ROA STUDIO CITY CA 91604 $599,565.74
600126909 ROSE, STEVEN 3207 AVENIDA RE ESCONDIDO CA 92029 $259,321.41
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126890 FINKLE, WILLIAM 7.875 .250 7.625 .0500 7.575 01/01/2028
600126891 INGRAM, DAVID 7.875 .250 7.625 .0500 7.575 12/01/2027
600126892 TODD, BLAKE 8.000 .250 7.750 .0500 7.700 01/01/2028
600126893 GILBERT, BARTON 7.625 .250 7.375 .0500 7.325 01/01/2028
600126894 REINDL, TRACY 8.375 .250 8.125 .0500 8.075 01/01/2028
600126895 LOVE, DAVID 7.750 .250 7.500 .0500 7.450 12/01/2027
600126896 LEVY, NICHOLAS 7.750 .250 7.500 .0500 7.450 12/01/2027
600126898 DAVIS, RITA 8.125 .250 7.875 .0500 7.825 12/01/2027
600126899 WALLIN, EDWARD 7.750 .250 7.500 .0500 7.450 12/01/2027
600126901 HITT, GORDON 7.875 .250 7.625 .0500 7.575 01/01/2028
600126903 GIBELLO, MARK 7.875 .250 7.625 .0500 7.575 01/01/2028
600126904 HAMILTON, THOMAS 7.875 .250 7.625 .0500 7.575 01/01/2028
600126907 HALPERIN, JOHN 7.625 .250 7.375 .0500 7.325 01/01/2028
600126909 ROSE, STEVEN 7.875 .250 7.625 .0500 7.575 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126890 FINKLE, WILLIAM 1275288 $2,842.27 02/01/1998 360
600126891 INGRAM, DAVID 1276237 $4,350.42 02/01/1998 360
600126892 TODD, BLAKE 1276617 $2,641.55 02/01/1998 360
600126893 GILBERT, BARTON 1276666 $2,250.78 02/01/1998 360
600126894 REINDL, TRACY 1277524 $2,128.20 02/01/1998 360
600126895 LOVE, DAVID 1277821 $4,110.77 02/01/1998 360
600126896 LEVY, NICHOLAS 1277862 $3,940.27 02/01/1998 360
600126898 DAVIS, RITA 1279587 $2,361.14 02/01/1998 360
600126899 WALLIN, EDWARD 1279694 $2,722.37 02/01/1998 360
600126901 HITT, GORDON 1280429 $3,045.29 02/01/1998 360
600126903 GIBELLO, MARK 1281138 $3,393.32 02/01/1998 360
600126904 HAMILTON, THOMAS 1281195 $1,844.58 02/01/1998 360
600126907 HALPERIN, JOHN 1282813 $4,246.76 02/01/1998 360
600126909 ROSE, STEVEN 1283159 $1,881.56 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126890 FINKLE, WILLIAM $490,000.00 N
600126891 INGRAM, DAVID $750,000.00 N
600126892 TODD, BLAKE $450,000.00 N
600126893 GILBERT, BARTON $418,000.00 N
600126894 REINDL, TRACY $350,000.00 N
600126895 LOVE, DAVID $950,000.00 N
600126896 LEVY, NICHOLAS $730,000.00 N
600126898 DAVIS, RITA $470,000.00 N
600126899 WALLIN, EDWARD $475,000.00 N
600126901 HITT, GORDON $525,000.00 N
600126903 GIBELLO, MARK $1,700,000.00 N
600126904 HAMILTON, THOMAS $318,000.00 N
600126907 HALPERIN, JOHN $750,000.00 N
600126909 ROSE, STEVEN $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 79
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126910 ROTHER, JAMES 1309 SEA VILLAG CARDIFF CA 92007 $229,342.06
600126911 PICKETT, JAMES 20671 PAISLEY L HUNTINGTON BEAC CA 92646 $311,774.18
600126912 CUMMINGS, MICHAEL 130 EAGLE STREE SAN FRANCISCO CA 94114 $369,745.37
600126913 BLODGETT, DENNIS 357 LA CASA VIA WALNUT CREEK CA 94595 $647,542.65
600126914 DEBRINCAT, RAYMOND 4223 KESSLER RI MARIETTA GA 30062 $323,043.87
600126915 LANE, EDWARD 15 EAST COUNTRY PHOENIX AZ 85014 $315,782.53
600126916 GARGANO, DAVID 24771 CUTTER LAGUNA NIGUEL CA 92677 $231,848.24
600126917 JONES, MICHAEL 4385 SOUTH MEAD BOULDER CO 80301 $284,103.15
600126918 MESMER, SARAH 4775 SOUTH PLUM SEDALIA CO 80135 $262,319.35
600126919 JENG, YOENG-HUIE 1065 AMARILLO A PALO ALTO CA 94303 $261,832.93
600126920 JENSKY II, WALLACE 3094 RIKKARD DR THOUSAND OAKS CA 91362 $266,302.22
600126922 COTA, JULIETTE 1926 PARK STREE HUNTINGTON BEAC CA 92648 $393,742.27
600126923 WOODY, KARLA 263 VIA VILLENA ENCINITAS CA 92024 $273,579.85
600126924 LAKHA, DIPEN 9242 NAGLE AVEN MORTON GROVE IL 60053 $299,803.76
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126910 ROTHER, JAMES 7.875 .250 7.625 .0500 7.575 01/01/2028
600126911 PICKETT, JAMES 7.625 .250 7.375 .0500 7.325 01/01/2028
600126912 CUMMINGS, MICHAEL 7.875 .250 7.625 .0500 7.575 01/01/2028
600126913 BLODGETT, DENNIS 7.750 .250 7.500 .0500 7.450 01/01/2028
600126914 DEBRINCAT, RAYMOND 8.250 .250 8.000 .0500 7.950 01/01/2028
600126915 LANE, EDWARD 7.875 .250 7.625 .0500 7.575 01/01/2028
600126916 GARGANO, DAVID 8.125 .250 7.875 .0500 7.825 01/01/2028
600126917 JONES, MICHAEL 7.875 .250 7.625 .0500 7.575 12/01/2027
600126918 MESMER, SARAH 7.875 .250 7.625 .0500 7.575 01/01/2028
600126919 JENG, YOENG-HUIE 8.250 .250 8.000 .0500 7.950 01/01/2028
600126920 JENSKY II, WALLACE 7.500 .250 7.250 .0500 7.200 01/01/2028
600126922 COTA, JULIETTE 8.125 .250 7.875 .0500 7.825 01/01/2028
600126923 WOODY, KARLA 8.375 .250 8.125 .0500 8.075 01/01/2028
600126924 LAKHA, DIPEN 8.125 .250 7.875 .0500 7.825 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126910 ROTHER, JAMES 1283365 $1,664.03 02/01/1998 360
600126911 PICKETT, JAMES 1284488 $2,208.32 02/01/1998 360
600126912 CUMMINGS, MICHAEL 1285048 $2,682.76 02/01/1998 360
600126913 BLODGETT, DENNIS 1285295 $4,642.35 02/01/1998 360
600126914 DEBRINCAT, RAYMOND 1286624 $2,428.47 02/01/1998 360
600126915 LANE, EDWARD 1286723 $2,291.22 02/01/1998 360
600126916 GARGANO, DAVID 1287788 $1,722.59 02/01/1998 360
600126917 JONES, MICHAEL 1287804 $2,066.45 02/01/1998 360
600126918 MESMER, SARAH 1288281 $1,903.31 02/01/1998 360
600126919 JENG, YOENG-HUIE 1288364 $1,968.32 02/01/1998 360
600126920 JENSKY II, WALLACE 1290022 $1,863.41 02/01/1998 360
600126922 COTA, JULIETTE 1290535 $2,925.44 02/01/1998 360
600126923 WOODY, KARLA 1291178 $2,080.70 02/01/1998 360
600126924 LAKHA, DIPEN 1291558 $2,227.49 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126910 ROTHER, JAMES $354,500.00 N
600126911 PICKETT, JAMES $390,000.00 N
600126912 CUMMINGS, MICHAEL $490,500.00 N
600126913 BLODGETT, DENNIS $875,000.00 N
600126914 DEBRINCAT, RAYMOND $435,000.00 N
600126915 LANE, EDWARD $465,000.00 N
600126916 GARGANO, DAVID $290,000.00 N
600126917 JONES, MICHAEL $415,000.00 N
600126918 MESMER, SARAH $350,000.00 N
600126919 JENG, YOENG-HUIE $470,000.00 N
600126920 JENSKY II, WALLACE $410,000.00 N
600126922 COTA, JULIETTE $495,000.00 N
600126923 WOODY, KARLA $366,000.00 N
600126924 LAKHA, DIPEN $432,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 80
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600126927 TOROKVEI, P. 4129 KNOBHILL D SHERMAN OAKS CA 91403 $329,367.38
600126929 LYNCH, KELLY 2800 MCBAIN STR REDONDO BEACH CA 90278 $279,312.46
600126930 SURPRENANT, KENNETH 426 WILLOW COUR STEAMBOAT SPRIN CO 80477 $257,322.79
600126931 DEL TORO JR., JOSE 1565 N. JOHNSTO FULLERTON CA 92835 $279,807.31
600126933 KORNBLUTH, PETER 15 NORTH ALISOS SANTA BARBARA CA 93103 $263,831.66
600126934 VAN HORN, DEBORAH 720 GLENRIDGE C ATLANTA GA 30328 $230,637.10
600126935 BASSETT, IV, HENRY 970 BUCKHORN EA ATLANTA GA 30350 $255,819.31
600126936 SHIH, CHIH-CHING 2961 MORENO AVE PLEASANTON CA 94588 $240,829.91
600126937 MORADI, GHASEM 14064 NONA LANE WHITTIER CA 90602 $299,788.26
600126939 BOGER, SR., RICHARD 700 COTTONFIELD ALPHARETTA GA 30202 $317,037.13
600129410 MCCALLISTER,ROSS 5432 E PRESIDIO RD TUCSON AZ 85712 $257,000.00
600129411 ULIGIAN,JEFFERY 1302 ISLEWORTH DR LOUISVILLE KY 40245 $272,000.00
600129412 ROBERTS,COREY 7610 WARREN POINT LN HUDSON OH 44236 $325,000.00
600129413 ALLEN,MELVIN 132 DEERFORD DR LANCASTER PA 17601 $241,300.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600126927 TOROKVEI, P. 7.750 .250 7.500 .0500 7.450 01/01/2028
600126929 LYNCH, KELLY 8.000 .250 7.750 .0500 7.700 01/01/2028
600126930 SURPRENANT, KENNETH 7.875 .250 7.625 .0500 7.575 01/01/2028
600126931 DEL TORO JR., JOSE 7.875 .250 7.625 .0500 7.575 01/01/2028
600126933 KORNBLUTH, PETER 8.250 .250 8.000 .0500 7.950 01/01/2028
600126934 VAN HORN, DEBORAH 7.750 .250 7.500 .0500 7.450 01/01/2028
600126935 BASSETT, IV, HENRY 7.750 .250 7.500 .0500 7.450 01/01/2028
600126936 SHIH, CHIH-CHING 7.750 .250 7.500 .0500 7.450 01/01/2028
600126937 MORADI, GHASEM 7.750 .250 7.500 .0500 7.450 01/01/2028
600126939 BOGER, SR., RICHARD 8.000 .250 7.750 .0500 7.700 01/01/2028
600129410 MCCALLISTER,ROSS 7.375 .250 7.125 .0500 7.075 02/01/2028
600129411 ULIGIAN,JEFFERY 7.625 .250 7.375 .0500 7.325 02/01/2028
600129412 ROBERTS,COREY 7.500 .250 7.250 .0500 7.200 02/01/2028
600129413 ALLEN,MELVIN 8.000 .250 7.750 .0500 7.700 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600126927 TOROKVEI, P. 1293349 $2,361.29 02/01/1998 360
600126929 LYNCH, KELLY 1294172 $2,050.87 02/01/1998 360
600126930 SURPRENANT, KENNETH 1294735 $1,867.05 02/01/1998 360
600126931 DEL TORO JR., JOSE 1296250 $2,030.19 02/01/1998 360
600126933 KORNBLUTH, PETER 1296458 $1,983.34 02/01/1998 360
600126934 VAN HORN, DEBORAH 1297597 $1,653.48 02/01/1998 360
600126935 BASSETT, IV, HENRY 1298389 $1,834.02 02/01/1998 360
600126936 SHIH, CHIH-CHING 1300102 $1,726.55 02/01/1998 360
600126937 MORADI, GHASEM 1301373 $2,149.24 02/01/1998 360
600126939 BOGER, SR., RICHARD 1302884 $2,327.87 02/01/1998 360
600129410 MCCALLISTER,ROSS 951130 $1,775.04 14 02/01/1998 360
600129411 ULIGIAN,JEFFERY 951172 $1,925.20 02/01/1998 360
600129412 ROBERTS,COREY 951629 $2,272.45 02/01/1998 360
600129413 ALLEN,MELVIN 953309 $1,770.57 14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600126927 TOROKVEI, P. $412,000.00 N
600126929 LYNCH, KELLY $353,000.00 N
600126930 SURPRENANT, KENNETH $327,500.00 N
600126931 DEL TORO JR., JOSE $360,000.00 N
600126933 KORNBLUTH, PETER $330,000.00 N
600126934 VAN HORN, DEBORAH $289,000.00 N
600126935 BASSETT, IV, HENRY $324,000.00 N
600126936 SHIH, CHIH-CHING $345,000.00 N
600126937 MORADI, GHASEM $376,000.00 N
600126939 BOGER, SR., RICHARD $398,000.00 N
600129410 MCCALLISTER,ROSS $300,000.00 N
600129411 ULIGIAN,JEFFERY $341,500.00 N
600129412 ROBERTS,COREY $4,500,000.00 N
600129413 ALLEN,MELVIN $254,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 81
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129414 CARRINGTON,TAZEWELL 303 HILLWOOD AVE RICHMOND VA 23226 $268,000.00
600129416 MCGEE,PAUL 15815 HECKSCHER DR HUNTERSVILLE NC 28078 $258,812.54
600129417 DANIELS,JEFFREY 2726 53RD AVE SW SEATTLE WA 98116 $231,000.00
600129418 BAKER,RONNIE 243 WESTFIELD WAY PEWAUKEE WI 53072 $235,333.79
600129419 MOORE,THOMAS 7 TAMARADE DR LITTLETON CO 80127 $588,750.00
600129420 CISLER,RON N50 W17229 CHESTNUT RD MENOMONEE FALLS WI 53051 $240,834.14
600129422 CONNOR,THOMAS 1385 OVERLOOK CIR BROOKFIELD WI 53045 $268,000.00
600129423 LIEFBROER,DONALD 16929 60TH ST BRISTOL WI 53104 $241,612.35
600129424 GLENN,KEVIN 2416 LITCHFIELD CT NAPERVILLE IL 60565 $265,000.00
600129425 LEVINSON,ROBERT 38 DOVER RD DOVER MA 02030 $232,500.00
600129426 KEITH,FRED 20851 YORKSHIRE KILDEER IL 60047 $372,000.00
600129427 BELTON,DAVID 62 ASHCROFT RD SHARON MA 02067 $288,000.00
600129428 MURDOCK,ERIC 1008 SHADY VALLEY PL ATLANTA GA 30324 $232,200.00
600129429 PHU,PHILLIP 76 MAYNARD FARM RD SUDBURY MA 01776 $273,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129414 CARRINGTON,TAZEWELL 7.250 .250 7.000 .0500 6.950 02/01/2018
600129416 MCGEE,PAUL 7.625 .250 7.375 .0500 7.325 01/01/2028
600129417 DANIELS,JEFFREY 7.250 .250 7.000 .0500 6.950 02/01/2028
600129418 BAKER,RONNIE 7.750 .250 7.500 .0500 7.450 01/01/2028
600129419 MOORE,THOMAS 7.625 .250 7.375 .0500 7.325 02/01/2028
600129420 CISLER,RON 7.875 .250 7.625 .0500 7.575 01/01/2028
600129422 CONNOR,THOMAS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129423 LIEFBROER,DONALD 7.750 .250 7.500 .0500 7.450 01/01/2028
600129424 GLENN,KEVIN 7.750 .250 7.500 .0500 7.450 02/01/2028
600129425 LEVINSON,ROBERT 7.750 .250 7.500 .0500 7.450 02/01/2028
600129426 KEITH,FRED 7.625 .250 7.375 .0500 7.325 02/01/2028
600129427 BELTON,DAVID 7.750 .250 7.500 .0500 7.450 02/01/2028
600129428 MURDOCK,ERIC 7.375 .250 7.125 .0500 7.075 02/01/2028
600129429 PHU,PHILLIP 7.750 .250 7.500 .0500 7.450 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129414 CARRINGTON,TAZEWELL 954112 $2,118.21 02/01/1998 240
600129416 MCGEE,PAUL 954728 $1,833.19 2 02/01/1998 360
600129417 DANIELS,JEFFREY 955333 $1,575.83 02/01/1998 360
600129418 BAKER,RONNIE 955696 $1,687.15 19 02/01/1998 360
600129419 MOORE,THOMAS 955953 $4,167.14 02/01/1998 360
600129420 CISLER,RON 955981 $1,747.42 02/01/1998 360
600129422 CONNOR,THOMAS 956474 $1,873.90 02/01/1998 360
600129423 LIEFBROER,DONALD 956868 $1,733.72 12 02/01/1998 360
600129424 GLENN,KEVIN 956999 $1,898.50 02/01/1998 360
600129425 LEVINSON,ROBERT 957019 $1,665.66 02/01/1998 360
600129426 KEITH,FRED 957053 $2,633.00 02/01/1998 360
600129427 BELTON,DAVID 957070 $2,063.27 02/01/1998 360
600129428 MURDOCK,ERIC 957181 $1,603.75 12 02/01/1998 360
600129429 PHU,PHILLIP 957413 $1,955.81 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129414 CARRINGTON,TAZEWELL $335,000.00 N
600129416 MCGEE,PAUL $287,953.00 N
600129417 DANIELS,JEFFREY $318,000.00 N
600129418 BAKER,RONNIE $267,000.00 N
600129419 MOORE,THOMAS $795,000.00 N
600129420 CISLER,RON $306,000.00 N
600129422 CONNOR,THOMAS $342,000.00 N
600129423 LIEFBROER,DONALD $296,000.00 N
600129424 GLENN,KEVIN $332,000.00 N
600129425 LEVINSON,ROBERT $314,000.00 N
600129426 KEITH,FRED $467,000.00 N
600129427 BELTON,DAVID $361,000.00 N
600129428 MURDOCK,ERIC $258,000.00 N
600129429 PHU,PHILLIP $375,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 82
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129430 TRIPP,GLENN 1310 RAINIER ST STEILACOOM WA 98388 $245,000.00
600129431 BEEMAN,GRANT 5991 S HIGH CT LITTLETON CO 80121 $258,000.00
600129432 HAUGEN,MICHAEL 11700 N LANTERN LN MEQUON WI 53092 $261,800.00
600129433 ANASTASSATOS,EFTHIMIOS 5801 E CALLE TUBERIA PHOENIX AZ 85018 $242,100.00
600129434 KLOCK,P 613 N PARK AVE RIVER FOREST IL 60305 $246,000.00
600129435 MOSS,KENNETH 7580 S POLO RIDGE DR LITTLETON CO 80123 $635,000.00
600129436 FRY,GARY 13 ROLLING RIDGE RD NORTHFIELD IL 60093 $600,000.00
600129437 THRON,PETER 10145 W 101ST DR WESTMINSTER CO 80021 $239,000.00
600129438 MCGOWAN,ROBERT 416 AVENUE D SNOHOMISH WA 98290 $278,250.00
600129439 GREASER,DENNIS 11698 SUNSET DR PARKER CO 80138 $285,000.00
600129440 MAUNEY,PATRICIA 16317 E BERRY AVE AURORA CO 80015 $365,400.00
600129441 GORDON,JOHN 246 NACOOCHEE DR NW ATLANTA GA 30305 $425,000.00
600129442 MALONE,RANDALL 4055 OLD SOUTHWICK PASS ALPHARETTA GA 30022 $760,000.00
600129443 NELSON,BRIAN 16985 VANDERBILT ST BROOKFIELD WI 53045 $315,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129430 TRIPP,GLENN 7.875 .250 7.625 .0500 7.575 02/01/2028
600129431 BEEMAN,GRANT 7.625 .250 7.375 .0500 7.325 02/01/2028
600129432 HAUGEN,MICHAEL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129433 ANASTASSATOS,EFTHIMIOS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129434 KLOCK,P 7.500 .250 7.250 .0500 7.200 02/01/2028
600129435 MOSS,KENNETH 7.500 .250 7.250 .0500 7.200 02/01/2028
600129436 FRY,GARY 7.375 .250 7.125 .0500 7.075 02/01/2028
600129437 THRON,PETER 7.250 .250 7.000 .0500 6.950 02/01/2028
600129438 MCGOWAN,ROBERT 7.875 .250 7.625 .0500 7.575 02/01/2028
600129439 GREASER,DENNIS 7.875 .250 7.625 .0500 7.575 02/01/2028
600129440 MAUNEY,PATRICIA 7.625 .250 7.375 .0500 7.325 02/01/2028
600129441 GORDON,JOHN 7.250 .250 7.000 .0500 6.950 02/01/2028
600129442 MALONE,RANDALL 7.625 .250 7.375 .0500 7.325 02/01/2028
600129443 NELSON,BRIAN 7.500 .250 7.250 .0500 7.200 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129430 TRIPP,GLENN 957445 $1,776.42 02/01/1998 360
600129431 BEEMAN,GRANT 957457 $1,826.11 02/01/1998 360
600129432 HAUGEN,MICHAEL 957644 $1,830.54 02/01/1998 360
600129433 ANASTASSATOS,EFTHIMIOS 957699 $1,692.80 12 02/01/1998 360
600129434 KLOCK,P 957880 $1,720.07 02/01/1998 360
600129435 MOSS,KENNETH 957948 $4,440.02 02/01/1998 360
600129436 FRY,GARY 957975 $4,144.06 02/01/1998 360
600129437 THRON,PETER 957984 $1,630.41 12 02/01/1998 360
600129438 MCGOWAN,ROBERT 957986 $2,017.51 02/01/1998 360
600129439 GREASER,DENNIS 958007 $2,066.45 02/01/1998 360
600129440 MAUNEY,PATRICIA 958016 $2,586.28 12 02/01/1998 360
600129441 GORDON,JOHN 958046 $2,899.25 02/01/1998 360
600129442 MALONE,RANDALL 958051 $5,379.24 02/01/1998 360
600129443 NELSON,BRIAN 958083 $2,202.53 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129430 TRIPP,GLENN $310,000.00 N
600129431 BEEMAN,GRANT $445,000.00 N
600129432 HAUGEN,MICHAEL $350,000.00 N
600129433 ANASTASSATOS,EFTHIMIOS $269,000.00 N
600129434 KLOCK,P $340,000.00 N
600129435 MOSS,KENNETH $875,000.00 N
600129436 FRY,GARY $1,325,000.00 N
600129437 THRON,PETER $273,000.00 N
600129438 MCGOWAN,ROBERT $371,000.00 N
600129439 GREASER,DENNIS $380,000.00 N
600129440 MAUNEY,PATRICIA $429,900.00 N
600129441 GORDON,JOHN $613,000.00 N
600129442 MALONE,RANDALL $2,900,000.00 N
600129443 NELSON,BRIAN $585,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 83
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129444 BERMAN,JOEL 27 GREAT POND DR BOXFORD MA 01921 $399,000.00
600129445 MEYERS,GLENN 1745 LOCUST ST DENVER CO 80220 $250,000.00
600129446 ASFAHL,DONALD 165 TOTEM RD LOUISVILLE KY 40207 $316,000.00
600129447 BRESLIN,KENNETH 1079 MT EYRE RD WASHINGTON CROS PA 18977 $332,000.00
600129448 WARD,ERNEST 217 SUMMIT DR WHITEVILLE NC 28472 $300,000.00
600129449 KAPELINSKI,EDWARD 5530 S CHILDS AVE HINSDALE IL 60521 $300,000.00
600129450 GRIJALVA,MANUEL 2615 EVERCREST CT NAPERVILLE IL 60564 $322,150.00
600129451 PORTER,J 6375 WELLSTON DR BLOOMINGTON IN 47408 $240,000.00
600129452 KAHN,THOMAS 554 REMINGTON PL CASTLE ROCK CO 80104 $607,000.00
600129453 COX,THOMAS 470 MICHGAMME LN LAKE FOREST IL 60045 $319,000.00
600129454 FISHER,HARRY 118 SASSAFRAS DR MIDDLETOWN DE 19709 $239,153.83
600129455 BEEDE,GARY N6255 WOODSIDE DR NASHOTAH WI 53058 $384,000.00
600129456 STAR,RICHARD 4675 SOMERSET CT BROOKFIELD WI 53045 $399,500.00
600129457 BROUGHER,KENNETH 4402 126TH ST CT NW GIG HARBOR WA 98332 $244,400.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129444 BERMAN,JOEL 7.375 .250 7.125 .0500 7.075 02/01/2028
600129445 MEYERS,GLENN 7.375 .250 7.125 .0500 7.075 02/01/2028
600129446 ASFAHL,DONALD 7.375 .250 7.125 .0500 7.075 02/01/2028
600129447 BRESLIN,KENNETH 7.875 .250 7.625 .0500 7.575 02/01/2028
600129448 WARD,ERNEST 7.250 .250 7.000 .0500 6.950 02/01/2028
600129449 KAPELINSKI,EDWARD 7.500 .250 7.250 .0500 7.200 02/01/2028
600129450 GRIJALVA,MANUEL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129451 PORTER,J 7.500 .250 7.250 .0500 7.200 02/01/2028
600129452 KAHN,THOMAS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129453 COX,THOMAS 7.250 .250 7.000 .0500 6.950 02/01/2028
600129454 FISHER,HARRY 7.250 .250 7.000 .0500 6.950 01/01/2018
600129455 BEEDE,GARY 7.500 .250 7.250 .0500 7.200 02/01/2028
600129456 STAR,RICHARD 7.625 .250 7.375 .0500 7.325 02/01/2028
600129457 BROUGHER,KENNETH 7.625 .250 7.375 .0500 7.325 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129444 BERMAN,JOEL 958103 $2,755.80 02/01/1998 360
600129445 MEYERS,GLENN 958105 $1,726.69 02/01/1998 360
600129446 ASFAHL,DONALD 958143 $2,182.54 02/01/1998 360
600129447 BRESLIN,KENNETH 958158 $2,407.24 02/01/1998 360
600129448 WARD,ERNEST 958166 $2,046.53 02/01/1998 360
600129449 KAPELINSKI,EDWARD 958167 $2,097.65 02/01/1998 360
600129450 GRIJALVA,MANUEL 958168 $2,252.52 02/01/1998 360
600129451 PORTER,J 958293 $1,678.11 19 02/01/1998 360
600129452 KAHN,THOMAS 958332 $4,244.23 02/01/1998 360
600129453 COX,THOMAS 958394 $2,176.15 02/01/1998 360
600129454 FISHER,HARRY 958396 $1,893.75 14 02/01/1998 240
600129455 BEEDE,GARY 958486 $2,684.98 02/01/1998 360
600129456 STAR,RICHARD 958514 $2,827.64 12 02/01/1998 360
600129457 BROUGHER,KENNETH 958576 $1,729.85 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129444 BERMAN,JOEL $500,000.00 N
600129445 MEYERS,GLENN $394,000.00 N
600129446 ASFAHL,DONALD $403,000.00 N
600129447 BRESLIN,KENNETH $415,000.00 N
600129448 WARD,ERNEST $376,000.00 N
600129449 KAPELINSKI,EDWARD $775,000.00 N
600129450 GRIJALVA,MANUEL $425,000.00 N
600129451 PORTER,J $277,000.00 N
600129452 KAHN,THOMAS $810,000.00 N
600129453 COX,THOMAS $620,000.00 N
600129454 FISHER,HARRY $259,535.00 N
600129455 BEEDE,GARY $554,000.00 N
600129456 STAR,RICHARD $470,000.00 N
600129457 BROUGHER,KENNETH $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 84
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129458 MURDOCK,DAVID 27221 SE 224TH ST MAPLE VALLEY WA 98038 $248,000.00
600129459 AZAR,MICHAEL 3023 SLATON DR ATLANTA GA 30305 $482,000.00
600129460 MEYER,CHARLES 2121 E LAKE SAMMAMISH PL ISSAQUAH WA 98029 $255,500.00
600129461 BOUCHER,KEAN 8 N RANCH RD LITTLETON CO 80127 $392,650.00
600129462 ETHEREDGE,PHOEBE 5012 NORTHSIDE DR NW ATLANTA GA 30327 $480,000.00
600129463 WHITE,EDWIN 6406 CUTTER RIDGE CT COLLEYVILLE TX 76034 $389,000.00
600129464 FALOON,STEPHEN 18 LOPEZ KEY BELLEVUE WA 98006 $256,000.00
600129465 KRAMER,GEORGE 217 N MAIN ST HOPEWELL NJ 08534 $265,000.00
600129466 CAPPEL,JEFFREY 1002 MONROE RIVER FOREST IL 60305 $432,000.00
600129467 CAGNEY,DENNIS 626 ELLINGTON CT FOX RIVER GROVE IL 60021 $237,000.00
600129468 FISH,ANNE 7400 WILCOTTE CT PROSPECT KY 40059 $290,700.00
600129469 LAWRENCE,R 7706 227TH ST SE WOODINVILLE WA 98072 $269,000.00
600129470 LAUER,JOHN 4611 WYNMEADE PARK MARIETTA GA 30067 $385,000.00
600129472 GERSHEN,JAY 2110 E GRAND AVE ENGLEWOOD CO 80110 $564,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129458 MURDOCK,DAVID 7.625 .250 7.375 .0500 7.325 02/01/2028
600129459 AZAR,MICHAEL 7.250 .250 7.000 .0500 6.950 02/01/2028
600129460 MEYER,CHARLES 7.625 .250 7.375 .0500 7.325 02/01/2028
600129461 BOUCHER,KEAN 7.500 .250 7.250 .0500 7.200 02/01/2028
600129462 ETHEREDGE,PHOEBE 7.375 .250 7.125 .0500 7.075 02/01/2028
600129463 WHITE,EDWIN 7.375 .250 7.125 .0500 7.075 02/01/2028
600129464 FALOON,STEPHEN 7.750 .250 7.500 .0500 7.450 02/01/2028
600129465 KRAMER,GEORGE 8.000 .250 7.750 .0500 7.700 02/01/2028
600129466 CAPPEL,JEFFREY 7.375 .250 7.125 .0500 7.075 02/01/2028
600129467 CAGNEY,DENNIS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129468 FISH,ANNE 7.500 .250 7.250 .0500 7.200 02/01/2028
600129469 LAWRENCE,R 7.625 .250 7.375 .0500 7.325 02/01/2028
600129470 LAUER,JOHN 7.375 .250 7.125 .0500 7.075 02/01/2028
600129472 GERSHEN,JAY 7.375 .250 7.125 .0500 7.075 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129458 MURDOCK,DAVID 958592 $1,755.33 02/01/1998 360
600129459 AZAR,MICHAEL 958678 $3,288.09 02/01/1998 360
600129460 MEYER,CHARLES 958697 $1,808.41 02/01/1998 360
600129461 BOUCHER,KEAN 958853 $2,745.47 02/01/1998 360
600129462 ETHEREDGE,PHOEBE 958911 $3,315.24 02/01/1998 360
600129463 WHITE,EDWIN 958924 $2,686.73 02/01/1998 360
600129464 FALOON,STEPHEN 958982 $1,834.02 02/01/1998 360
600129465 KRAMER,GEORGE 959019 $1,944.48 02/01/1998 360
600129466 CAPPEL,JEFFREY 959025 $2,983.72 02/01/1998 360
600129467 CAGNEY,DENNIS 959060 $1,657.14 02/01/1998 360
600129468 FISH,ANNE 959106 $2,032.62 02/01/1998 360
600129469 LAWRENCE,R 959148 $1,903.97 02/01/1998 360
600129470 LAUER,JOHN 959200 $2,659.10 02/01/1998 360
600129472 GERSHEN,JAY 959278 $3,895.41 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129458 MURDOCK,DAVID $320,000.00 N
600129459 AZAR,MICHAEL $605,000.00 N
600129460 MEYER,CHARLES $410,000.00 N
600129461 BOUCHER,KEAN $510,000.00 N
600129462 ETHEREDGE,PHOEBE $1,100,000.00 N
600129463 WHITE,EDWIN $590,000.00 N
600129464 FALOON,STEPHEN $580,000.00 N
600129465 KRAMER,GEORGE $370,000.00 N
600129466 CAPPEL,JEFFREY $680,000.00 N
600129467 CAGNEY,DENNIS $300,000.00 N
600129468 FISH,ANNE $525,000.00 N
600129469 LAWRENCE,R $360,000.00 N
600129470 LAUER,JOHN $550,000.00 N
600129472 GERSHEN,JAY $705,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 85
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129473 VILE,DANIEL 4 JEFFERSON CT NEWTOWN PA 18940 $370,000.00
600129474 BENSHOFF,RICHARDS 3983 OAK AVE WEST BEND WI 53095 $279,000.00
600129475 LAPPING,PAUL 1521 VOLTZ RD NORTHBROOK IL 60062 $400,000.00
600129476 TEBBE,THOMAS 1051 SHERMER RD NORTHBROOK IL 60062 $290,000.00
600129477 DOERNER,JOHN 2 MEADOW ROSE LN LITTLETON CO 80127 $308,000.00
600129478 STAIB,JOSEPH 564 S FRANKLIN ST DENVER CO 80209 $375,000.00
600129479 PRITEKEL,THOMAS 27 WHITE OAK DR LITTLETON CO 80127 $254,000.00
600129480 BIGGERSTAFF,MICHAEL 1181 ROBERT LANE NAPERVILLE IL 60564 $311,500.00
600129481 JOSEPH,THOMAS 2000 FAIRWAY VISTA DR LOUISVILLE KY 40245 $433,000.00
600129482 CAPALBO,RICHARD 9 POPPY DR HILLSBOROUGH NJ 08502 $249,900.00
600129483 HUBER,GREGORY 401 MIDENHALL WAY CARY NC 27513 $272,500.00
600129484 ZIELKE,LYNDON 1191 SADDLE RIDGE DR EVERGREEN CO 80439 $295,750.00
600129485 WOO,WILLIAM 8812 207TH PL SW EDMONDS WA 98020 $278,500.00
600129487 SCHATZBERG,JEFFREY 6460 N SLIVERSMITH PL TUCSON AZ 85715 $336,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129473 VILE,DANIEL 7.875 .250 7.625 .0500 7.575 02/01/2028
600129474 BENSHOFF,RICHARDS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129475 LAPPING,PAUL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129476 TEBBE,THOMAS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129477 DOERNER,JOHN 7.500 .250 7.250 .0500 7.200 02/01/2028
600129478 STAIB,JOSEPH 7.375 .250 7.125 .0500 7.075 02/01/2028
600129479 PRITEKEL,THOMAS 7.500 .250 7.250 .0500 7.200 02/01/2028
600129480 BIGGERSTAFF,MICHAEL 7.750 .250 7.500 .0500 7.450 02/01/2028
600129481 JOSEPH,THOMAS 7.375 .250 7.125 .0500 7.075 02/01/2028
600129482 CAPALBO,RICHARD 7.875 .250 7.625 .0500 7.575 02/01/2028
600129483 HUBER,GREGORY 7.500 .250 7.250 .0500 7.200 02/01/2028
600129484 ZIELKE,LYNDON 7.500 .250 7.250 .0500 7.200 02/01/2028
600129485 WOO,WILLIAM 7.875 .250 7.625 .0500 7.575 02/01/2028
600129487 SCHATZBERG,JEFFREY 7.375 .250 7.125 .0500 7.075 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129473 VILE,DANIEL 959316 $2,682.76 02/01/1998 360
600129474 BENSHOFF,RICHARDS 959325 $1,950.81 12 02/01/1998 360
600129475 LAPPING,PAUL 959413 $2,796.86 02/01/1998 360
600129476 TEBBE,THOMAS 959433 $2,027.73 02/01/1998 360
600129477 DOERNER,JOHN 959442 $2,153.59 02/01/1998 360
600129478 STAIB,JOSEPH 959492 $2,590.04 02/01/1998 360
600129479 PRITEKEL,THOMAS 959542 $1,776.01 02/01/1998 360
600129480 BIGGERSTAFF,MICHAEL 959545 $2,231.63 02/01/1998 360
600129481 JOSEPH,THOMAS 959600 $2,990.62 02/01/1998 360
600129482 CAPALBO,RICHARD 959615 $1,811.95 02/01/1998 360
600129483 HUBER,GREGORY 959753 $1,905.36 02/01/1998 360
600129484 ZIELKE,LYNDON 959794 $2,067.93 12 02/01/1998 360
600129485 WOO,WILLIAM 959826 $2,019.32 02/01/1998 360
600129487 SCHATZBERG,JEFFREY 960022 $2,320.67 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129473 VILE,DANIEL $515,000.00 N
600129474 BENSHOFF,RICHARDS $310,000.00 N
600129475 LAPPING,PAUL $650,000.00 N
600129476 TEBBE,THOMAS $580,000.00 N
600129477 DOERNER,JOHN $390,000.00 N
600129478 STAIB,JOSEPH $500,000.00 N
600129479 PRITEKEL,THOMAS $348,900.00 N
600129480 BIGGERSTAFF,MICHAEL $395,000.00 N
600129481 JOSEPH,THOMAS $575,000.00 N
600129482 CAPALBO,RICHARD $322,000.00 N
600129483 HUBER,GREGORY $461,000.00 N
600129484 ZIELKE,LYNDON $333,150.00 N
600129485 WOO,WILLIAM $370,000.00 N
600129487 SCHATZBERG,JEFFREY $420,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 86
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129488 WAN,HING 704 BRANDON GREEN DR SILVER SPRING MD 20904 $275,000.00
600129489 MILLER,JEFFREY 11105 BROAD GREEN DR POTOMAC MD 20854 $300,000.00
600129490 PALLINI,VINCENT 20 HARVEST WALK PENFIELD NY 14526 $356,600.00
600129491 JOHNSON,ERIK 22528 N E 194TH CT WOODINVILLE WA 98092 $247,000.00
600129492 HUSTON,GARY 7687 LEGENDARY LN WEST CHESTER OH 45069 $293,000.00
600129493 VANDERBEEK,LISA 405 OAKLEY DR CLAYTON MO 63105 $249,750.00
600129494 NAGLE,BRUCE 65 BETASSO RD BOULDER CO 80302 $325,000.00
600129495 MCCUE,KIRSTEN 8922 S KITTIWAKE ST LITTLETON CO 80126 $248,000.00
600129496 THOMAS,MICHAEL 1 N 061 TIMOTHY LN WHEATON IL 60188 $258,750.00
600129497 WHITNEY,MELVIN 10314 RAINIER AVE S SEATTLE WA 98178 $336,000.00
600129498 GRAHEK,THOMAS 8607 WELLSLEY CT CINCINNATI OH 45249 $430,000.00
600129499 PETZOLD,DAVID 515 N PONDEROSA DR HARTLAND WI 53029 $270,000.00
600129500 SAUNDERS,RON 32556 WOODSIDE DR EVERGREEN CO 80439 $560,000.00
600129501 STEWART,CRAIG 11628 S WARCLOUD CT PHOENIX AZ 85044 $520,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129488 WAN,HING 7.500 .250 7.250 .0500 7.200 02/01/2028
600129489 MILLER,JEFFREY 7.375 .250 7.125 .0500 7.075 02/01/2028
600129490 PALLINI,VINCENT 7.750 .250 7.500 .0500 7.450 02/01/2028
600129491 JOHNSON,ERIK 7.750 .250 7.500 .0500 7.450 02/01/2028
600129492 HUSTON,GARY 7.500 .250 7.250 .0500 7.200 02/01/2028
600129493 VANDERBEEK,LISA 7.375 .250 7.125 .0500 7.075 02/01/2028
600129494 NAGLE,BRUCE 7.500 .250 7.250 .0500 7.200 02/01/2026
600129495 MCCUE,KIRSTEN 7.625 .250 7.375 .0500 7.325 02/01/2028
600129496 THOMAS,MICHAEL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129497 WHITNEY,MELVIN 7.500 .250 7.250 .0500 7.200 02/01/2028
600129498 GRAHEK,THOMAS 7.250 .250 7.000 .0500 6.950 02/01/2028
600129499 PETZOLD,DAVID 7.000 .250 6.750 .0500 6.700 02/01/2028
600129500 SAUNDERS,RON 7.375 .250 7.125 .0500 7.075 02/01/2028
600129501 STEWART,CRAIG 7.000 .250 6.750 .0500 6.700 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129488 WAN,HING 960043 $1,922.84 02/01/1998 360
600129489 MILLER,JEFFREY 960152 $2,072.03 02/01/1998 360
600129490 PALLINI,VINCENT 960174 $2,554.73 12 02/01/1998 360
600129491 JOHNSON,ERIK 960227 $1,769.54 02/01/1998 360
600129492 HUSTON,GARY 960245 $2,048.70 02/01/1998 360
600129493 VANDERBEEK,LISA 960250 $1,724.96 02/01/1998 360
600129494 NAGLE,BRUCE 960288 $2,316.82 02/01/1998 336
600129495 MCCUE,KIRSTEN 960316 $1,755.33 02/01/1998 360
600129496 THOMAS,MICHAEL 960357 $1,809.22 02/01/1998 360
600129497 WHITNEY,MELVIN 960616 $2,349.36 02/01/1998 360
600129498 GRAHEK,THOMAS 960677 $2,933.36 02/01/1998 360
600129499 PETZOLD,DAVID 960731 $1,796.32 02/01/1998 360
600129500 SAUNDERS,RON 960765 $3,867.78 02/01/1998 360
600129501 STEWART,CRAIG 960766 $3,459.58 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129488 WAN,HING $345,000.00 N
600129489 MILLER,JEFFREY $390,000.00 N
600129490 PALLINI,VINCENT $396,300.00 N
600129491 JOHNSON,ERIK $400,000.00 N
600129492 HUSTON,GARY $395,000.00 N
600129493 VANDERBEEK,LISA $325,000.00 N
600129494 NAGLE,BRUCE $450,000.00 N
600129495 MCCUE,KIRSTEN $310,000.00 N
600129496 THOMAS,MICHAEL $345,000.00 N
600129497 WHITNEY,MELVIN $460,000.00 N
600129498 GRAHEK,THOMAS $576,000.00 N
600129499 PETZOLD,DAVID $385,000.00 N
600129500 SAUNDERS,RON $710,000.00 N
600129501 STEWART,CRAIG $650,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 87
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129502 BONIN,ALBERT 10729 VISTA VIEW DR LITTLETON CO 80127 $240,000.00
600129503 RONN,KARL 8055 GRAVES RD CINCINNATI OH 45243 $512,800.00
600129504 WARE,THOMAS 7520 WETHERINGTON DR WEST CHESTER OH 45069 $368,200.00
600129505 WALTERS,DAVID 10 LANTANA LITTLETON CO 80127 $256,000.00
600129506 PITTS,WALLACE 3612 AMBERLY CT COLLEYVILLE TX 76034 $371,000.00
600129507 FICKE,GREGORY 9910 INDIAN SPRINGS DR CINCINNATI OH 45241 $312,000.00
600129508 CLARK,DAVID 7655 CRESTVIEW DR LONGMONT CO 80501 $260,000.00
600129509 DAVIS,CLIFF 58 BROOK LN TABERNASH CO 80478 $398,250.00
600129510 KLINE,CARROLL 3230 HAYLOFT CT WOODBINE MD 21797 $269,500.00
600129511 NELSON,JON 3001 JEANNIE ANNA CT HERNDON VA 20171 $252,000.00
600129512 FOLK, JR,JAMES 47 SEAGRASS LN ISLE OF PALMS SC 29451 $373,700.00
600129513 GRADDY,WILLIAM 9370 RIVERCLUB PKWY DULUTH GA 30155 $290,000.00
600129514 POULOS,WILLIAM 4104 VISTA CREEK CT ARLINGTON TX 76016 $255,000.00
600129515 BRONER,FRANK 10215 DAPHNEY HOUSE WAY ROCKVILLE MD 20850 $299,777.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129502 BONIN,ALBERT 7.500 .250 7.250 .0500 7.200 02/01/2028
600129503 RONN,KARL 7.125 .250 6.875 .0500 6.825 02/01/2028
600129504 WARE,THOMAS 7.250 .250 7.000 .0500 6.950 02/01/2028
600129505 WALTERS,DAVID 7.375 .250 7.125 .0500 7.075 02/01/2028
600129506 PITTS,WALLACE 7.625 .250 7.375 .0500 7.325 02/01/2028
600129507 FICKE,GREGORY 7.375 .250 7.125 .0500 7.075 02/01/2028
600129508 CLARK,DAVID 7.375 .250 7.125 .0500 7.075 02/01/2028
600129509 DAVIS,CLIFF 7.375 .250 7.125 .0500 7.075 02/01/2028
600129510 KLINE,CARROLL 7.375 .250 7.125 .0500 7.075 02/01/2028
600129511 NELSON,JON 7.750 .250 7.500 .0500 7.450 02/01/2028
600129512 FOLK, JR,JAMES 7.125 .250 6.875 .0500 6.825 02/01/2028
600129513 GRADDY,WILLIAM 7.250 .250 7.000 .0500 6.950 02/01/2028
600129514 POULOS,WILLIAM 7.625 .250 7.375 .0500 7.325 02/01/2028
600129515 BRONER,FRANK 7.500 .250 7.250 .0500 7.200 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129502 BONIN,ALBERT 960803 $1,678.12 02/01/1998 360
600129503 RONN,KARL 960964 $3,454.83 02/01/1998 360
600129504 WARE,THOMAS 960977 $2,511.77 02/01/1998 360
600129505 WALTERS,DAVID 961049 $1,768.13 02/01/1998 360
600129506 PITTS,WALLACE 961068 $2,625.92 02/01/1998 360
600129507 FICKE,GREGORY 961132 $2,154.91 02/01/1998 360
600129508 CLARK,DAVID 961323 $1,795.76 02/01/1998 360
600129509 DAVIS,CLIFF 961558 $2,750.61 02/01/1998 360
600129510 KLINE,CARROLL 961730 $1,861.37 02/01/1998 360
600129511 NELSON,JON 8279954 $1,805.36 02/01/1998 360
600129512 FOLK, JR,JAMES 8346840 $2,517.69 02/01/1998 360
600129513 GRADDY,WILLIAM 8367794 $1,978.32 02/01/1998 360
600129514 POULOS,WILLIAM 8429730 $1,804.88 02/01/1998 360
600129515 BRONER,FRANK 8575158 $2,097.65 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129502 BONIN,ALBERT $320,000.00 N
600129503 RONN,KARL $900,000.00 N
600129504 WARE,THOMAS $525,000.00 N
600129505 WALTERS,DAVID $320,000.00 N
600129506 PITTS,WALLACE $473,000.00 N
600129507 FICKE,GREGORY $390,000.00 N
600129508 CLARK,DAVID $443,000.00 N
600129509 DAVIS,CLIFF $560,000.00 N
600129510 KLINE,CARROLL $350,000.00 N
600129511 NELSON,JON $320,000.00 N
600129512 FOLK, JR,JAMES $810,000.00 N
600129513 GRADDY,WILLIAM $365,000.00 N
600129514 POULOS,WILLIAM $320,000.00 N
600129515 BRONER,FRANK $500,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 88
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129517 DIENER,I 10605 OAKLYN DR POTOMAC MD 20854 $389,000.00
600129518 STEPENSKY,ARKADY 11512 DARNESTOWN RD N POTOMAC MD 20878 $291,500.00
600129521 FRANKEL,ROD 105 REGAL PINE CT CARY NC 27511 $462,940.28
600129522 SPANO,MICHAEL 106 MAGERTON CT CARY NC 27513 $300,000.00
600129524 JONES,THOMAS 400 BALBION DR EARLYSVILLE VA 22936 $649,467.64
600129525 PLASKON,STEPHEN PO BOX 460 ORCHARD HILL IVY VA 22945 $281,000.00
600129526 WILLIAMS,FONTAINE 1488 PERTH CT KESWICK VA 22947 $232,350.00
600129527 BUSHEY,WARREN 3371 COTSWOLD LN KESWICK VA 22947 $286,400.00
600129528 YACAVONE,MICHAEL 65 WESTVIEW RD SOUTHBURY CT 06488 $319,000.00
600129529 FARO,SCOTT 545 NARBERTH AVE HADDONFIELD NJ 08033 $263,000.00
600129530 BASSOLINO,GEORGE 79 GRAVEL HILL RD FREEHOLD NJ 07728 $306,000.00
600129531 DURSO,JEROME 840 PARK AVE HOBOKEN NJ 07030 $299,038.79
600129532 HENSON,ROBERT 11047 E DE LA O RD SCOTTSDALE AZ 85255 $463,000.00
600129533 TRICHON,JAMES 201 CLWYD RD BALA CYNWYD PA 19004 $476,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129517 DIENER,I 7.500 .250 7.250 .0500 7.200 02/01/2028
600129518 STEPENSKY,ARKADY 7.375 .250 7.125 .0500 7.075 02/01/2028
600129521 FRANKEL,ROD 7.500 .250 7.250 .0500 7.200 01/01/2028
600129522 SPANO,MICHAEL 7.250 .250 7.000 .0500 6.950 02/01/2028
600129524 JONES,THOMAS 7.500 .250 7.250 .0500 7.200 01/01/2028
600129525 PLASKON,STEPHEN 7.500 .250 7.250 .0500 7.200 02/01/2028
600129526 WILLIAMS,FONTAINE 7.625 .250 7.375 .0500 7.325 02/01/2028
600129527 BUSHEY,WARREN 7.625 .250 7.375 .0500 7.325 02/01/2028
600129528 YACAVONE,MICHAEL 7.000 .250 6.750 .0500 6.700 02/01/2028
600129529 FARO,SCOTT 7.375 .250 7.125 .0500 7.075 02/01/2028
600129530 BASSOLINO,GEORGE 7.375 .250 7.125 .0500 7.075 02/01/2028
600129531 DURSO,JEROME 7.750 .250 7.500 .0500 7.450 01/01/2028
600129532 HENSON,ROBERT 7.500 .250 7.250 .0500 7.200 02/01/2028
600129533 TRICHON,JAMES 7.375 .250 7.125 .0500 7.075 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129517 DIENER,I 8575476 $2,719.95 02/01/1998 360
600129518 STEPENSKY,ARKADY 8575477 $2,013.32 02/01/1998 360
600129521 FRANKEL,ROD 8575845 $3,239.82 02/01/1998 360
600129522 SPANO,MICHAEL 8576228 $2,046.53 12 02/01/1998 360
600129524 JONES,THOMAS 8597858 $4,544.55 02/01/1998 360
600129525 PLASKON,STEPHEN 8598151 $1,964.80 02/01/1998 360
600129526 WILLIAMS,FONTAINE 8598155 $1,644.56 02/01/1998 360
600129527 BUSHEY,WARREN 8598161 $2,027.13 02/01/1998 360
600129528 YACAVONE,MICHAEL 8635680 $2,122.32 02/01/1998 360
600129529 FARO,SCOTT 8638018 $1,816.48 02/01/1998 360
600129530 BASSOLINO,GEORGE 8638029 $2,113.47 02/01/1998 360
600129531 DURSO,JEROME 8638683 $2,143.87 1 02/01/1998 360
600129532 HENSON,ROBERT 8641200 $3,237.37 02/01/1998 360
600129533 TRICHON,JAMES 8646641 $3,287.62 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129517 DIENER,I $650,000.00 N
600129518 STEPENSKY,ARKADY $370,000.00 N
600129521 FRANKEL,ROD $585,000.00 N
600129522 SPANO,MICHAEL $317,000.00 N
600129524 JONES,THOMAS $940,000.00 N
600129525 PLASKON,STEPHEN $375,000.00 N
600129526 WILLIAMS,FONTAINE $395,000.00 N
600129527 BUSHEY,WARREN $365,000.00 N
600129528 YACAVONE,MICHAEL $432,000.00 N
600129529 FARO,SCOTT $350,000.00 N
600129530 BASSOLINO,GEORGE $410,000.00 N
600129531 DURSO,JEROME $332,500.00 N
600129532 HENSON,ROBERT $600,000.00 N
600129533 TRICHON,JAMES $598,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 89
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129534 DE LOS COBOS,RICARDO 237 TRIANA WAY SAN RAMON CA 94583 $250,700.00
600129535 PAULO,PAUL 758 JESSICA DR LIVERMORE CA 94550 $316,800.00
600129536 BROWNING,JADE 2466 HAAS ST ESCONDIDO CA 92025 $315,000.00
600129537 CAHILL,KEVIN 13722 MERCADO DR DEL MAR CA 92014 $400,000.00
600129538 MADDOX,ROGER RR 1 BOX 483C BROWNSBORO TX 75756 $257,600.00
600129539 BAUGHMAN,DALE 1103 VERSAILLES CT SOUTHLAKE TX 76092 $250,000.00
600129540 BHATIA,BHAGWAN 6641 MUIRFIELD CIR PLANO TX 75093 $459,200.00
600129541 KELLY,ANDREW 7790 VIDA AVE LAKEWOOD IL 60014 $280,500.00
600129542 HOLMES,ROBERT 9420 HATHAWAY ST DALLAS TX 75220 $1,000,000.00
600129543 DENZLER,LARRY 10708 E CALLE SAN DOMINGO TUCSON AZ 85749 $257,000.00
600129544 LIEBENTHAL,JON 7410 KENDALL WAY SYLVANIA OH 43560 $271,000.00
600129547 NIPPER,DONALD 4103 OXFORD CT COLLEYVILLE TX 76034 $268,000.00
600129548 GAMMEL,JAMES 1875 OCEAN VILLAGE DR FERNANDINA BEAC FL 32034 $299,782.86
600129550 CUNNINGHAM,DAVID 5915 PROVIDENCE GLEN RD CHARLOTTE NC 28270 $256,500.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129534 DE LOS COBOS,RICARDO 7.750 .250 7.500 .0500 7.450 02/01/2028
600129535 PAULO,PAUL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129536 BROWNING,JADE 7.375 .250 7.125 .0500 7.075 02/01/2028
600129537 CAHILL,KEVIN 7.125 .250 6.875 .0500 6.825 02/01/2028
600129538 MADDOX,ROGER 7.375 .250 7.125 .0500 7.075 02/01/2028
600129539 BAUGHMAN,DALE 7.250 .250 7.000 .0500 6.950 02/01/2028
600129540 BHATIA,BHAGWAN 7.250 .250 7.000 .0500 6.950 02/01/2028
600129541 KELLY,ANDREW 7.375 .250 7.125 .0500 7.075 02/01/2028
600129542 HOLMES,ROBERT 7.625 .250 7.375 .0500 7.325 02/01/2028
600129543 DENZLER,LARRY 7.625 .250 7.375 .0500 7.325 02/01/2028
600129544 LIEBENTHAL,JON 7.500 .250 7.250 .0500 7.200 02/01/2028
600129547 NIPPER,DONALD 7.250 .250 7.000 .0500 6.950 02/01/2028
600129548 GAMMEL,JAMES 7.625 .250 7.375 .0500 7.325 01/01/2028
600129550 CUNNINGHAM,DAVID 7.500 .250 7.250 .0500 7.200 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129534 DE LOS COBOS,RICARDO 8654141 $1,796.05 02/01/1998 360
600129535 PAULO,PAUL 8654153 $2,215.12 1 02/01/1998 360
600129536 BROWNING,JADE 8654510 $2,175.63 12 02/01/1998 360
600129537 CAHILL,KEVIN 8654556 $2,694.88 02/01/1998 360
600129538 MADDOX,ROGER 8660097 $1,779.18 02/01/1998 360
600129539 BAUGHMAN,DALE 8660111 $1,705.45 02/01/1998 360
600129540 BHATIA,BHAGWAN 8660112 $3,132.56 02/01/1998 360
600129541 KELLY,ANDREW 8664038 $1,937.35 1 02/01/1998 360
600129542 HOLMES,ROBERT 8673672 $7,077.94 02/01/1998 360
600129543 DENZLER,LARRY 8679717 $1,819.04 02/01/1998 360
600129544 LIEBENTHAL,JON 8683039 $1,894.88 02/01/1998 360
600129547 NIPPER,DONALD 8715416 $1,828.24 02/01/1998 360
600129548 GAMMEL,JAMES 8720783 $2,123.39 02/01/1998 360
600129550 CUNNINGHAM,DAVID 8726653 $1,793.49 12 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129534 DE LOS COBOS,RICARDO $314,000.00 N
600129535 PAULO,PAUL $352,000.00 N
600129536 BROWNING,JADE $350,000.00 N
600129537 CAHILL,KEVIN $526,000.00 N
600129538 MADDOX,ROGER $322,000.00 N
600129539 BAUGHMAN,DALE $400,000.00 N
600129540 BHATIA,BHAGWAN $706,000.00 N
600129541 KELLY,ANDREW $330,000.00 N
600129542 HOLMES,ROBERT $2,500,000.00 N
600129543 DENZLER,LARRY $350,000.00 N
600129544 LIEBENTHAL,JON $396,500.00 N
600129547 NIPPER,DONALD $357,000.00 N
600129548 GAMMEL,JAMES $425,000.00 N
600129550 CUNNINGHAM,DAVID $285,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 90
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129551 BREWSTER,STEPHEN 31 MEDBURY RD N ATTLEBORO MA 02760 $253,000.00
600129552 NIJHAWAN,ASHISH 864 BEATRICE PARKWAY NORTH EDISON NJ 08820 $263,900.00
600129553 WORTHINGTON,MICHAEL 3212 ORLANDO RD LOS ALAMITOS CA 90720 $336,000.00
600129554 HIVELY,RICHARD 1940 DANA PL FULLERTON CA 92831 $327,200.00
600129555 BROWN,CLYDE 1085 CHETFORD DR LEXINGTON KY 40509 $235,000.00
600129556 ESTERHAY,ROBERT 6125 LAUREL LN PROSPECT KY 40059 $247,000.00
600129557 ANAYA,CURTIS 8911 SUMMERFIELD ST WICHITA KS 67206 $360,000.00
600129558 WIESE,KURT 1722 BROOKSIDE PINE LANE KINGSWOOD TX 77345 $463,600.00
600129559 TRUSS,MARY 350 RIVER KNOLL DR ATLANTA GA 30328 $257,000.00
600129560 BURNSIDE,BETTY 429 CHURCH ST MARIETTA GA 30060 $306,750.00
600129561 HOSS,RICHARD 26179 RINCONADA DR CARMEL VALLEY CA 93908 $379,475.24
600129562 SANTORO,DORIS I SA 70 STARRETT DR CHARLESTON RI 02813 $609,136.15
600129563 MORGAN,DIANE L MO 8 NELSON PATH BREWSTER MA 02631 $344,000.00
600129564 GOFF,JOSETTE J 28 MONOMOY CIR CHATHAM MA 02633 $308,000.00
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129551 BREWSTER,STEPHEN 7.625 .250 7.375 .0500 7.325 02/01/2028
600129552 NIJHAWAN,ASHISH 7.625 .250 7.375 .0500 7.325 02/01/2028
600129553 WORTHINGTON,MICHAEL 7.500 .250 7.250 .0500 7.200 02/01/2028
600129554 HIVELY,RICHARD 7.500 .250 7.250 .0500 7.200 02/01/2028
600129555 BROWN,CLYDE 7.500 .250 7.250 .0500 7.200 02/01/2028
600129556 ESTERHAY,ROBERT 7.375 .250 7.125 .0500 7.075 02/01/2028
600129557 ANAYA,CURTIS 7.750 .250 7.500 .0500 7.450 02/01/2028
600129558 WIESE,KURT 7.500 .250 7.250 .0500 7.200 02/01/2028
600129559 TRUSS,MARY 7.750 .250 7.500 .0500 7.450 02/01/2028
600129560 BURNSIDE,BETTY 7.750 .250 7.500 .0500 7.450 02/01/2028
600129561 HOSS,RICHARD 7.875 .250 7.625 .0500 7.575 12/01/2027
600129562 SANTORO,DORIS I SA 7.750 .250 7.500 .0500 7.450 12/01/2027
600129563 MORGAN,DIANE L MO 8.000 .250 7.750 .0500 7.700 02/01/2028
600129564 GOFF,JOSETTE J 7.375 .250 7.125 .0500 7.075 02/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129551 BREWSTER,STEPHEN 8732643 $1,790.72 12 02/01/1998 360
600129552 NIJHAWAN,ASHISH 8734863 $1,867.87 14 02/01/1998 360
600129553 WORTHINGTON,MICHAEL 8739567 $2,349.37 02/01/1998 360
600129554 HIVELY,RICHARD 8739581 $2,287.84 02/01/1998 360
600129555 BROWN,CLYDE 8746133 $1,643.16 02/01/1998 360
600129556 ESTERHAY,ROBERT 8746244 $1,705.97 12 02/01/1998 360
600129557 ANAYA,CURTIS 8749203 $2,579.09 02/01/1998 360
600129558 WIESE,KURT 8749235 $3,241.56 02/01/1998 360
600129559 TRUSS,MARY 8755862 $1,841.18 02/01/1998 360
600129560 BURNSIDE,BETTY 8756197 $2,197.60 02/01/1998 360
600129561 HOSS,RICHARD 9168031 $2,755.27 02/01/1998 360
600129562 SANTORO,DORIS I SA 1256283 $4,370.12 02/01/1998 360
600129563 MORGAN,DIANE L MO 1289203 $2,524.16 14 02/01/1998 360
600129564 GOFF,JOSETTE J 1289393 $2,127.28 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129551 BREWSTER,STEPHEN $310,000.00 N
600129552 NIJHAWAN,ASHISH $277,800.00 N
600129553 WORTHINGTON,MICHAEL $435,000.00 N
600129554 HIVELY,RICHARD $415,000.00 N
600129555 BROWN,CLYDE $295,000.00 N
600129556 ESTERHAY,ROBERT $298,000.00 N
600129557 ANAYA,CURTIS $450,000.00 N
600129558 WIESE,KURT $579,500.00 N
600129559 TRUSS,MARY $328,000.00 N
600129560 BURNSIDE,BETTY $409,000.00 N
600129561 HOSS,RICHARD $510,000.00 N
600129562 SANTORO,DORIS I SA $797,000.00 N
600129563 MORGAN,DIANE L MO $385,000.00 N
600129564 GOFF,JOSETTE J $400,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 91
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129565 GILES,ETELVINA G 117 WEDGEWOOD RD TRUMBULL CT 06611 $227,577.25
600129566 WEDGE,SUSAN K WE 10 TAMMER LN HOPKINTON MA 01748 $421,702.16
600129567 LANGIN,LORRI A LA 29 WASHINGTON DR ACTON MA 01720 $284,803.86
600129568 GREPPI,STEPHAN GR 8 CONESTOGA RD LEXINGTON MA 02173 $247,811.29
600129569 KJELLMAN,JANICE KJE 21 DEERHILL LN MARSHFIELD MA 02050 $241,811.21
600129570 POOLEY,PAMELA D P 221 SOUTH ST NEEDHAM MA 02192 $254,540.63
600129571 STARENAS,PAUL V 140 RANGE RD WINDHAM NH 03087 $231,848.24
600129572 BATT,MARYLOU BA 15 PRENTISS LN BELMONT MA 02178 $446,851.14
600129573 LOPEZ,LINDA G LO 20 STURBRIDGE RD WELLESLEY MA 02181 $444,693.75
600129574 MAHER,JOANNE M M 419 HUDSON ROAD SUDBURY MA 01776 $319,779.78
600129575 JOHNSON,NANCY A JO 70 SCREENHOUSE LN DUXBURY MA 02332 $242,837.89
600129576 HUMPHREY,MICHAEL L 124 SURFSIDE RD NANTUCKET MA 02554 $259,802.16
600129577 MATTERN,ANNE F MAT 34 SAMOSET RD DUXBURY MA 02332 $294,796.98
600129578 KILLIP,CHRISTOPHE 19 CENTRE ST CAMBRIDGE MA 02139 $359,572.90
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129565 GILES,ETELVINA G 7.750 .250 7.500 .0500 7.450 12/01/2027
600129566 WEDGE,SUSAN K WE 7.750 .250 7.500 .0500 7.450 01/01/2028
600129567 LANGIN,LORRI A LA 7.875 .250 7.625 .0500 7.575 01/01/2028
600129568 GREPPI,STEPHAN GR 7.375 .250 7.125 .0500 7.075 01/01/2028
600129569 KJELLMAN,JANICE KJE 7.250 .250 7.000 .0500 6.950 01/01/2028
600129570 POOLEY,PAMELA D P 7.250 .250 7.000 .0500 6.950 01/01/2028
600129571 STARENAS,PAUL V 8.125 .250 7.875 .0500 7.825 01/01/2028
600129572 BATT,MARYLOU BA 7.250 .250 7.000 .0500 6.950 01/01/2028
600129573 LOPEZ,LINDA G LO 7.875 .250 7.625 .0500 7.575 01/01/2028
600129574 MAHER,JOANNE M M 7.875 .250 7.625 .0500 7.575 01/01/2028
600129575 JOHNSON,NANCY A JO 7.500 .250 7.250 .0500 7.200 12/01/2027
600129576 HUMPHREY,MICHAEL L 7.375 .250 7.125 .0500 7.075 01/01/2028
600129577 MATTERN,ANNE F MAT 7.875 .250 7.625 .0500 7.575 01/01/2028
600129578 KILLIP,CHRISTOPHE 7.250 .250 7.000 .0500 6.950 01/01/2023
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129565 GILES,ETELVINA G 1298553 $1,632.71 12 02/01/1998 360
600129566 WEDGE,SUSAN K WE 1301193 $3,023.26 02/01/1998 360
600129567 LANGIN,LORRI A LA 1304623 $2,066.45 02/01/1998 360
600129568 GREPPI,STEPHAN GR 1305533 $1,712.88 02/01/1998 360
600129569 KJELLMAN,JANICE KJE 1305673 $1,650.87 2 02/01/1998 360
600129570 POOLEY,PAMELA D P 1305883 $1,739.55 02/01/1998 360
600129571 STARENAS,PAUL V 1309193 $1,722.60 02/01/1998 360
600129572 BATT,MARYLOU BA 1315133 $3,050.70 02/01/1998 360
600129573 LOPEZ,LINDA G LO 1315163 $3,226.56 02/01/1998 360
600129574 MAHER,JOANNE M M 1315453 $2,320.23 02/01/1998 360
600129575 JOHNSON,NANCY A JO 1318373 $1,700.49 02/01/1998 360
600129576 HUMPHREY,MICHAEL L 1320613 $1,795.76 02/01/1998 360
600129577 MATTERN,ANNE F MAT 1320843 $2,138.96 02/01/1998 360
600129578 KILLIP,CHRISTOPHE 1323813 $2,602.11 2 02/01/1998 300
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129565 GILES,ETELVINA G $239,900.00 N
600129566 WEDGE,SUSAN K WE $530,000.00 N
600129567 LANGIN,LORRI A LA $380,000.00 N
600129568 GREPPI,STEPHAN GR $426,000.00 N
600129569 KJELLMAN,JANICE KJE $275,000.00 N
600129570 POOLEY,PAMELA D P $440,000.00 N
600129571 STARENAS,PAUL V $298,000.00 N
600129572 BATT,MARYLOU BA $559,000.00 N
600129573 LOPEZ,LINDA G LO $690,000.00 N
600129574 MAHER,JOANNE M M $405,000.00 N
600129575 JOHNSON,NANCY A JO $309,000.00 N
600129576 HUMPHREY,MICHAEL L $400,000.00 N
600129577 MATTERN,ANNE F MAT $462,000.00 N
600129578 KILLIP,CHRISTOPHE $415,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 92
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129579 INCAMPO,KIMBERLY I 160 WINCHESTER ST NEWTON MA 02161 $299,788.26
600129580 KAUFMAN,JENNIFER R 4320 PALLADIO POINT AUSTIN TX 78731 $249,814.46
600129581 FITCH,PAMELA C F 3032 ST JOHNS AVENUE JACKSONVILLE FL 32205 $307,529.16
600129582 GUTIERREZ,LISA GUTIE 12500NW20 STREET PEMBROKE PINES FL 33028 $260,824.87
600129583 ALLEN,WENDI L AL 12854 LA COSTA COURT JACKSONVILLE FL 32225 $249,819.06
600129584 FREEMAN,SHEILA W F 3445 MARCUS PT BLVD PENSACOLA FL 32505 $283,282.86
600129585 DEITEL,BARBARA E 8 BROADRIVER ROAD ORMOND BEACH FL 32174 $309,775.56
600129586 HOOPER,KATHY HOOP 4 CRANDELL COURT PALM COAST FL 32137 $229,831.76
600129587 GOLDENBERG,JUDITH GOL 120 S VILLAGE WAY JUPITER FL 33458 $449,329.98
600129588 FIERRO,MARIAN RUT 3933 MORENO DR PALM HARBOR FL 34685 $313,067.49
600129589 JACEY,ARLENE T J 204 N WIND CT PONTE VEDRA BEA FL 32082 $349,752.97
600129590 ARCHIE,RUTH E ARC 14504 MAN O WAR DRIVE MITCHELLVILLE MD 20721 $281,815.53
600129591 DOVGOPOLYI,NICOLE DOV 946 MACEWEN DR OSPREY FL 34229 $391,709.08
600129592 PATTERSON,KATHY L PA 3407 SYLVAN SHDOW ST VALRICO FL 33594 $238,681.42
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129579 INCAMPO,KIMBERLY I 7.750 .250 7.500 .0500 7.450 01/01/2028
600129580 KAUFMAN,JENNIFER R 7.500 .250 7.250 .0500 7.200 01/01/2028
600129581 FITCH,PAMELA C F 7.875 .250 7.625 .0500 7.575 10/01/2026
600129582 GUTIERREZ,LISA GUTIE 8.000 .250 7.750 .0500 7.700 01/01/2028
600129583 ALLEN,WENDI L AL 7.625 .250 7.375 .0500 7.325 01/01/2028
600129584 FREEMAN,SHEILA W F 7.625 .250 7.375 .0500 7.325 05/01/2027
600129585 DEITEL,BARBARA E 7.875 .250 7.625 .0500 7.575 06/01/2027
600129586 HOOPER,KATHY HOOP 7.750 .250 7.500 .0500 7.450 08/01/2027
600129587 GOLDENBERG,JUDITH GOL 7.500 .250 7.250 .0500 7.200 12/01/2027
600129588 FIERRO,MARIAN RUT 7.500 .250 7.250 .0500 7.200 01/01/2028
600129589 JACEY,ARLENE T J 7.750 .250 7.500 .0500 7.450 01/01/2028
600129590 ARCHIE,RUTH E ARC 8.125 .250 7.875 .0500 7.825 01/01/2028
600129591 DOVGOPOLYI,NICOLE DOV 7.500 .250 7.250 .0500 7.200 01/01/2028
600129592 PATTERSON,KATHY L PA 7.750 .250 7.500 .0500 7.450 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129579 INCAMPO,KIMBERLY I 1323823 $2,149.24 02/01/1998 360
600129580 KAUFMAN,JENNIFER R 6830552 $1,748.04 02/01/1998 360
600129581 FITCH,PAMELA C F 7049240 $2,255.90 02/01/1998 346
600129582 GUTIERREZ,LISA GUTIE 7085121 $1,915.13 14 02/01/1998 360
600129583 ALLEN,WENDI L AL 7086614 $1,769.48 12 02/01/1998 360
600129584 FREEMAN,SHEILA W F 7089669 $2,018.55 02/01/1998 352
600129585 DEITEL,BARBARA E 7090844 $2,258.81 02/01/1998 353
600129586 HOOPER,KATHY HOOP 7097094 $1,653.66 19 02/01/1998 355
600129587 GOLDENBERG,JUDITH GOL 7111179 $3,146.47 02/01/1998 360
600129588 FIERRO,MARIAN RUT 7113774 $2,190.64 15 02/01/1998 360
600129589 JACEY,ARLENE T J 7118695 $2,507.44 02/01/1998 360
600129590 ARCHIE,RUTH E ARC 7119362 $2,093.85 1 02/01/1998 360
600129591 DOVGOPOLYI,NICOLE DOV 7119367 $2,740.92 02/01/1998 360
600129592 PATTERSON,KATHY L PA 7120704 $1,711.15 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129579 INCAMPO,KIMBERLY I $400,000.00 N
600129580 KAUFMAN,JENNIFER R $500,000.00 N
600129581 FITCH,PAMELA C F $390,000.00 N
600129582 GUTIERREZ,LISA GUTIE $290,000.00 N
600129583 ALLEN,WENDI L AL $264,000.00 N
600129584 FREEMAN,SHEILA W F $365,000.00 N
600129585 DEITEL,BARBARA E $450,000.00 N
600129586 HOOPER,KATHY HOOP $256,000.00 N
600129587 GOLDENBERG,JUDITH GOL $627,000.00 N
600129588 FIERRO,MARIAN RUT $370,000.00 N
600129589 JACEY,ARLENE T J $685,000.00 N
600129590 ARCHIE,RUTH E ARC $317,500.00 N
600129591 DOVGOPOLYI,NICOLE DOV $570,000.00 N
600129592 PATTERSON,KATHY L PA $299,500.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 93
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129593 JOHNSON,SHARON L J 400 RIVERSIDE DR INDIALANTIC FL 32903 $999,311.81
600129594 SANDERS,MARYANNE J 103 HERON'S NEST LN ST. AUGUSTINE FL 32084 $386,465.59
600129595 GRIECO II,DANIEL J G 7600 HUNTER LN PINELLAS PARK FL 33782 $314,172.45
600129596 SHERMAN,MARK L SHE 965NW118TH LANE CORAL SPRINGS FL 33071 $318,974.71
600129597 DUARTE,SUSAN K DU 506 N ALLISON LANE PLACENTIA CA 92870 $234,834.14
600129598 HANNEY,MACDARA M 3738 PINKCKNEY IS CT JACKSONVILLE FL 32224 $292,749.84
600129599 LEWIS,AMY R LEWI 5987 COLONIAL SCOTT TALLAHASSEE FL 32308 $229,175.00
600129600 SCHAFER,CONNIE E S 168 INDIAN MOUND PLANTATION KEY FL 33070 $309,781.21
600129601 LOMSKY,RHODA LEE 3555 AGATE ST EUGENE OR 97405 $283,733.94
600129602 FIORINO,LISA F FIO 505 WILMOT ROAD NEW ROCHELLE NY 10804 $262,310.01
600129603 BANDEL,ANNE BANDE 185 CYPRESS TRACE TARPON SPRINGS FL 34689 $329,761.16
600129604 SCHAECHER,SANDY J SC 210 ARROYO SECO DR HOLLISTER CA 95023 $299,782.87
600129605 STAAB,JAMES A ST 2901 NE26TH PL FT LAUDERDALE FL 33306 $550,000.00
600129606 REDWINE,PAMELA RED 260 SKYLANE PITTSBORO NC 27312 $289,405.68
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129593 JOHNSON,SHARON L J 7.875 .250 7.625 .0500 7.575 01/01/2028
600129594 SANDERS,MARYANNE J 7.875 .250 7.625 .0500 7.575 12/01/2027
600129595 GRIECO II,DANIEL J G 7.625 .250 7.375 .0500 7.325 01/01/2028
600129596 SHERMAN,MARK L SHE 7.750 .250 7.500 .0500 7.450 01/01/2028
600129597 DUARTE,SUSAN K DU 7.750 .250 7.500 .0500 7.450 01/01/2028
600129598 HANNEY,MACDARA M 7.000 .250 6.750 .0500 6.700 01/01/2028
600129599 LEWIS,AMY R LEWI 7.750 .250 7.500 .0500 7.450 12/01/2027
600129600 SCHAFER,CONNIE E S 7.750 .250 7.500 .0500 7.450 01/01/2028
600129601 LOMSKY,RHODA LEE 7.375 .250 7.125 .0500 7.075 01/01/2028
600129602 FIORINO,LISA F FIO 7.625 .250 7.375 .0500 7.325 01/01/2028
600129603 BANDEL,ANNE BANDE 7.625 .250 7.375 .0500 7.325 01/01/2028
600129604 SCHAECHER,SANDY J SC 7.625 .250 7.375 .0500 7.325 01/01/2028
600129605 STAAB,JAMES A ST 7.500 .250 7.250 .0500 7.200 02/01/2028
600129606 REDWINE,PAMELA RED 8.000 .250 7.750 .0500 7.700 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129593 JOHNSON,SHARON L J 7120850 $7,250.69 02/01/1998 360
600129594 SANDERS,MARYANNE J 7120888 $2,806.02 15 02/01/1998 360
600129595 GRIECO II,DANIEL J G 7122629 $2,225.30 02/01/1998 360
600129596 SHERMAN,MARK L SHE 7122729 $2,286.79 02/01/1998 360
600129597 DUARTE,SUSAN K DU 7123126 $1,683.57 02/01/1998 360
600129598 HANNEY,MACDARA M 7123595 $1,949.27 02/01/1998 360
600129599 LEWIS,AMY R LEWI 7124127 $1,644.17 15 02/01/1998 360
600129600 SCHAFER,CONNIE E S 7125191 $2,220.88 02/01/1998 360
600129601 LOMSKY,RHODA LEE 7125253 $1,961.18 02/01/1998 360
600129602 FIORINO,LISA F FIO 7125267 $1,857.96 02/01/1998 360
600129603 BANDEL,ANNE BANDE 7125712 $2,335.72 02/01/1998 360
600129604 SCHAECHER,SANDY J SC 7125724 $2,123.39 02/01/1998 360
600129605 STAAB,JAMES A ST 7125730 $3,845.68 02/01/1998 360
600129606 REDWINE,PAMELA RED 7126055 $2,124.99 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129593 JOHNSON,SHARON L J $1,600,000.00 N
600129594 SANDERS,MARYANNE J $430,000.00 N
600129595 GRIECO II,DANIEL J G $600,000.00 N
600129596 SHERMAN,MARK L SHE $420,000.00 N
600129597 DUARTE,SUSAN K DU $317,500.00 N
600129598 HANNEY,MACDARA M $368,000.00 N
600129599 LEWIS,AMY R LEWI $275,000.00 N
600129600 SCHAFER,CONNIE E S $390,000.00 N
600129601 LOMSKY,RHODA LEE $475,000.00 N
600129602 FIORINO,LISA F FIO $350,000.00 N
600129603 BANDEL,ANNE BANDE $475,000.00 N
600129604 SCHAECHER,SANDY J SC $375,000.00 N
600129605 STAAB,JAMES A ST $910,000.00 N
600129606 REDWINE,PAMELA RED $390,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 94
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129607 ALIASON,PAUL A ALI 4881 LITTLE BRANHAM SAN JOSE CA 95124 $257,929.16
600129608 ARMSTRONG,PATRICIA J 5410 LIGURIAN DR SAN JOSE CA 95138 $463,680.68
600129609 PROMAN,ROBIN PROM 6383NW23RD WAY BOCA RATON FL 33496 $399,717.68
600129610 BOLTON,MARY BOLTO 24871 PASEO VENDAVAL LAKE FOREST CA 92630 $240,854.00
600129611 FISHER,CAROL A FI 13 CAROLINE LN OCEAN CITY NJ 08226 $252,317.25
600129612 GEWECKE,PAMELA J G 2748 FINLEY TUSTIN CA 92782 $253,146.55
600129613 MEIGGS,RONLA H ME 14035 VOM HEINBERG PL CHARLOTTE HALL MD 20622 $242,728.56
600129614 LAYTON,PAMELA T L 1548 TEAL DRIVE OCEAN CITY MD 21842 $488,387.28
600129615 PIERCE,RUTH BARD 281 LINKSIDE CIR PONTE VEDRA BEA FL 32082 $448,000.00
600129616 HUSAIN,AFSHAN HUS 1795 PONCA COURT FREMONT CA 94539 $290,823.71
600129617 SOLITERMAN,ALINA A SO 128 PEBBLE PLACE SAN RAMON CA 94583 $282,828.56
600129618 CARRICO,KAREN A CA 224 GWINHURST ROAD KNOXVILLE TN 37922 $246,098.11
600129619 MURRAY,ELIZABETH 10051SW68TH STREET MIAMI FL 33173 $263,804.07
600129620 CHRISTOPHER,MARTHA NAV 2175 DEER HOLLOW CIR LONGWOOD FL 32779 $259,816.49
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129607 ALIASON,PAUL A ALI 8.250 .250 8.000 .0500 7.950 12/01/2027
600129608 ARMSTRONG,PATRICIA J 7.875 .250 7.625 .0500 7.575 01/01/2028
600129609 PROMAN,ROBIN PROM 7.750 .250 7.500 .0500 7.450 01/01/2028
600129610 BOLTON,MARY BOLTO 8.500 .250 8.250 .0500 8.200 01/01/2028
600129611 FISHER,CAROL A FI 7.625 .250 7.375 .0500 7.325 01/01/2028
600129612 GEWECKE,PAMELA J G 8.500 .250 8.250 .0500 8.200 01/01/2028
600129613 MEIGGS,RONLA H ME 7.750 .250 7.500 .0500 7.450 01/01/2028
600129614 LAYTON,PAMELA T L 7.500 .250 7.250 .0500 7.200 01/01/2028
600129615 PIERCE,RUTH BARD 7.125 .250 6.875 .0500 6.825 02/01/2028
600129616 HUSAIN,AFSHAN HUS 8.500 .250 8.250 .0500 8.200 01/01/2028
600129617 SOLITERMAN,ALINA A SO 8.500 .250 8.250 .0500 8.200 01/01/2028
600129618 CARRICO,KAREN A CA 7.000 .250 6.750 .0500 6.700 01/01/2028
600129619 MURRAY,ELIZABETH 7.500 .250 7.250 .0500 7.200 01/01/2028
600129620 CHRISTOPHER,MARTHA NAV 7.750 .250 7.500 .0500 7.450 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129607 ALIASON,PAUL A ALI 7126183 $1,940.53 7 02/01/1998 360
600129608 ARMSTRONG,PATRICIA J 7126210 $3,364.33 02/01/1998 360
600129609 PROMAN,ROBIN PROM 7126362 $2,865.65 02/01/1998 360
600129610 BOLTON,MARY BOLTO 7126430 $1,853.09 19 02/01/1998 360
600129611 FISHER,CAROL A FI 7126562 $1,787.18 02/01/1998 360
600129612 GEWECKE,PAMELA J G 7126597 $1,947.66 15 02/01/1998 360
600129613 MEIGGS,RONLA H ME 7126613 $1,740.17 7 02/01/1998 360
600129614 LAYTON,PAMELA T L 7126853 $3,417.42 1 02/01/1998 360
600129615 PIERCE,RUTH BARD 7126924 $3,018.26 02/01/1998 360
600129616 HUSAIN,AFSHAN HUS 7126995 $2,237.54 02/01/1998 360
600129617 SOLITERMAN,ALINA A SO 7127102 $2,176.03 1 02/01/1998 360
600129618 CARRICO,KAREN A CA 7127284 $1,638.65 02/01/1998 360
600129619 MURRAY,ELIZABETH 7127496 $1,845.93 02/01/1998 360
600129620 CHRISTOPHER,MARTHA NAV 7127573 $1,862.67 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129607 ALIASON,PAUL A ALI $287,000.00 N
600129608 ARMSTRONG,PATRICIA J $580,000.00 N
600129609 PROMAN,ROBIN PROM $575,000.00 N
600129610 BOLTON,MARY BOLTO $271,000.00 N
600129611 FISHER,CAROL A FI $420,000.00 N
600129612 GEWECKE,PAMELA J G $285,000.00 N
600129613 MEIGGS,RONLA H ME $270,000.00 N
600129614 LAYTON,PAMELA T L $575,000.00 N
600129615 PIERCE,RUTH BARD $565,000.00 N
600129616 HUSAIN,AFSHAN HUS $400,000.00 N
600129617 SOLITERMAN,ALINA A SO $330,000.00 N
600129618 CARRICO,KAREN A CA $310,000.00 N
600129619 MURRAY,ELIZABETH $330,000.00 N
600129620 CHRISTOPHER,MARTHA NAV $359,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 95
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129621 HANSEN,ALISON M H 21692 SANTA ANA ROAD LOS GATOS CA 95033 $284,777.67
600129622 HAQUE,SHAZIA HAQ 1786 MANDAN PLACE FREMONT CA 94539 $309,816.98
600129623 MAGHSOUDNIA,NIKOO IRAV 5739 POPPY HILLS PL SAN JOSE CA 95138 $649,517.61
600129624 SIDDIQUI,AUSAF UMAR 800E CHARLESTON RD PALO ALTO CA 94303 $337,255.73
600129625 GALLMANN,ISIN Y GAL 15381 WILLOW DRIVE LOS GATOS CA 95032 $307,782.62
600129626 GROSS,ROBERTA C 6009 FRANKLIN GIBSON RD TRACYS LANDING MD 20779 $310,791.33
600129627 GUPTA,SEEMA GUPT 33635 QUAIL RUN ROAD FREMONT CA 94555 $327,806.35
600129628 WEST,LINDA C 1388 SONNYS WAY HOLLISTER CA 95023 $256,500.00
600129629 HILL,DIANA G HI 14520 DEER PARK COURT LOS GATOS CA 95032 $545,114.99
600129630 ROYZEN,SOFIA ROYZ 1930 SLOAT BLVD SAN FRANCISCO CA 94116 $319,250.76
600129631 COTE,DENISE COT 24970 OKEEFE LANE LOS ALTOS HILLS CA 94022 $399,724.72
600129632 THOMAS,PAULA L TH 524 TIGERTAIL COURT MARCO ISLAND FL 34145 $328,767.80
600129633 DONATELLI,VIVIAN L D 17816 HICKORY MOSS PL TAMPA FL 33647 $258,122.24
600129634 TSAI,WEN-WEN TS 6520 SCOTGROVE DRIVE RANCHO PALOS VE CA 90275 $358,771.08
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129621 HANSEN,ALISON M H 7.250 .250 7.000 .0500 6.950 01/01/2028
600129622 HAQUE,SHAZIA HAQ 8.625 .250 8.375 .0500 8.325 01/01/2028
600129623 MAGHSOUDNIA,NIKOO IRAV 7.500 .250 7.250 .0500 7.200 01/01/2028
600129624 SIDDIQUI,AUSAF UMAR 7.625 .250 7.375 .0500 7.325 01/01/2028
600129625 GALLMANN,ISIN Y GAL 7.750 .250 7.500 .0500 7.450 01/01/2028
600129626 GROSS,ROBERTA C 8.000 .250 7.750 .0500 7.700 01/01/2028
600129627 GUPTA,SEEMA GUPT 8.625 .250 8.375 .0500 8.325 01/01/2028
600129628 WEST,LINDA C 7.875 .250 7.625 .0500 7.575 02/01/2028
600129629 HILL,DIANA G HI 7.750 .250 7.500 .0500 7.450 01/01/2028
600129630 ROYZEN,SOFIA ROYZ 7.250 .250 7.000 .0500 6.950 01/01/2028
600129631 COTE,DENISE COT 7.875 .250 7.625 .0500 7.575 01/01/2028
600129632 THOMAS,PAULA L TH 7.750 .250 7.500 .0500 7.450 01/01/2028
600129633 DONATELLI,VIVIAN L D 7.875 .250 7.625 .0500 7.575 01/01/2028
600129634 TSAI,WEN-WEN TS 8.250 .250 8.000 .0500 7.950 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129621 HANSEN,ALISON M H 7127776 $1,944.21 02/01/1998 360
600129622 HAQUE,SHAZIA HAQ 7127862 $2,411.15 02/01/1998 360
600129623 MAGHSOUDNIA,NIKOO IRAV 7127872 $4,544.90 02/01/1998 360
600129624 SIDDIQUI,AUSAF UMAR 7127882 $2,388.81 02/01/1998 360
600129625 GALLMANN,ISIN Y GAL 7127926 $2,206.55 02/01/1998 360
600129626 GROSS,ROBERTA C 7127940 $2,282.01 1 02/01/1998 360
600129627 GUPTA,SEEMA GUPT 7128016 $2,551.16 02/01/1998 360
600129628 WEST,LINDA C 7128098 $1,859.81 02/01/1998 360
600129629 HILL,DIANA G HI 7128133 $3,908.03 02/01/1998 360
600129630 ROYZEN,SOFIA ROYZ 7128146 $2,179.56 14 02/01/1998 360
600129631 COTE,DENISE COT 7128152 $2,900.28 02/01/1998 360
600129632 THOMAS,PAULA L TH 7128242 $2,357.00 02/01/1998 360
600129633 DONATELLI,VIVIAN L D 7128293 $1,872.85 1 02/01/1998 360
600129634 TSAI,WEN-WEN TS 7128601 $2,697.05 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129621 HANSEN,ALISON M H $390,000.00 N
600129622 HAQUE,SHAZIA HAQ $455,000.00 N
600129623 MAGHSOUDNIA,NIKOO IRAV $1,100,000.00 N
600129624 SIDDIQUI,AUSAF UMAR $450,000.00 N
600129625 GALLMANN,ISIN Y GAL $385,000.00 N
600129626 GROSS,ROBERTA C $345,900.00 N
600129627 GUPTA,SEEMA GUPT $410,000.00 N
600129628 WEST,LINDA C $410,000.00 N
600129629 HILL,DIANA G HI $1,300,000.00 N
600129630 ROYZEN,SOFIA ROYZ $355,000.00 N
600129631 COTE,DENISE COT $2,600,000.00 N
600129632 THOMAS,PAULA L TH $540,000.00 N
600129633 DONATELLI,VIVIAN L D $290,000.00 N
600129634 TSAI,WEN-WEN TS $530,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 96
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129635 MARTINEZ,PEGGY ANNE 5887 KILLARNEY CIR SAN JOSE CA 95138 $415,683.46
600129636 LOCH,SANDRA J L 2124 SILVER LEAF CT LONGWOOD FL 32779 $277,646.78
600129637 BAUM,CYNTHIA G 16923 HORN POINT DR GAITHERSBURG MD 20878 $242,824.12
600129638 HORTON,FRANCES HO 24676 PASEO DE TORONT YORBA LINDA CA 92887 $354,256.04
600129640 KIM,DAVID KIM 429 S MANSFIELD AVE LOS ANGELES CA 90036 $257,817.91
600129641 HEVENER,APRIL C HE 2606 FAIRFIELD ST SAN DIEGO CA 92110 $275,200.00
600129642 SMITH,MICHELLE A 2760 GOLD MEADOW CT SAN JOSE CA 95135 $442,879.22
600129643 CASTRO,MARINA D C 1640 GRAND TETON DR MILPITAS CA 95035 $254,510.98
600129644 KURLAND,KEITH KURL 1643 BRICKELL AVE MIAMI FL 33129 $571,436.11
600129645 ZIFFER,LAURA S ZI 1455 CALAVERAS AVE SAN JOSE CA 95126 $400,000.00
600129646 JOHNSON,DONALD L 20460 VIA BURGOS YORBA LINDA CA 92887 $333,000.00
600129647 STRAUSS,MISCHELLE 3900 FOXCROFT RD LITTLE ROCK AR 72227 $324,764.77
600129648 SCHMIDT,SHERYL S S 643 MASSAPOAG AVE SHARON MA 02067 $238,834.07
600129649 CAMPBELL,DONALD S 81 SENDERO VERDE SAN ANTONIO TX 78261 $244,818.17
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129635 MARTINEZ,PEGGY ANNE 7.375 .250 7.125 .0500 7.075 01/01/2028
600129636 LOCH,SANDRA J L 7.875 .250 7.625 .0500 7.575 01/01/2028
600129637 BAUM,CYNTHIA G 7.625 .250 7.375 .0500 7.325 01/01/2028
600129638 HORTON,FRANCES HO 7.875 .250 7.625 .0500 7.575 01/01/2028
600129640 KIM,DAVID KIM 7.750 .250 7.500 .0500 7.450 01/01/2028
600129641 HEVENER,APRIL C HE 7.875 .250 7.625 .0500 7.575 02/01/2028
600129642 SMITH,MICHELLE A 7.625 .250 7.375 .0500 7.325 01/01/2028
600129643 CASTRO,MARINA D C 7.500 .250 7.250 .0500 7.200 01/01/2028
600129644 KURLAND,KEITH KURL 7.625 .250 7.375 .0500 7.325 01/01/2028
600129645 ZIFFER,LAURA S ZI 7.750 .250 7.500 .0500 7.450 02/01/2028
600129646 JOHNSON,DONALD L 8.125 .250 7.875 .0500 7.825 02/01/2028
600129647 STRAUSS,MISCHELLE 7.625 .250 7.375 .0500 7.325 01/01/2028
600129648 SCHMIDT,SHERYL S S 8.375 .250 8.125 .0500 8.075 07/01/2027
600129649 CAMPBELL,DONALD S 7.500 .250 7.250 .0500 7.200 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129635 MARTINEZ,PEGGY ANNE 7128806 $2,873.21 02/01/1998 360
600129636 LOCH,SANDRA J L 7128932 $2,015.69 02/01/1998 360
600129637 BAUM,CYNTHIA G 7129348 $1,719.94 7 02/01/1998 360
600129638 HORTON,FRANCES HO 7129517 $2,570.38 02/01/1998 360
600129640 KIM,DAVID KIM 7130171 $1,848.35 1 02/01/1998 360
600129641 HEVENER,APRIL C HE 7130290 $1,995.40 02/01/1998 360
600129642 SMITH,MICHELLE A 7130370 $3,136.95 02/01/1998 360
600129643 CASTRO,MARINA D C 7130632 $1,780.90 7 02/01/1998 360
600129644 KURLAND,KEITH KURL 7130660 $4,047.52 02/01/1998 360
600129645 ZIFFER,LAURA S ZI 7131315 $2,865.65 02/01/1998 360
600129646 JOHNSON,DONALD L 7131875 $2,472.52 02/01/1998 360
600129647 STRAUSS,MISCHELLE 8134092 $2,300.33 02/01/1998 360
600129648 SCHMIDT,SHERYL S S 8192442 $1,823.42 02/01/1998 360
600129649 CAMPBELL,DONALD S 8239882 $1,713.08 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129635 MARTINEZ,PEGGY ANNE $530,000.00 N
600129636 LOCH,SANDRA J L $450,000.00 N
600129637 BAUM,CYNTHIA G $270,000.00 N
600129638 HORTON,FRANCES HO $445,000.00 N
600129640 KIM,DAVID KIM $310,000.00 N
600129641 HEVENER,APRIL C HE $344,000.00 N
600129642 SMITH,MICHELLE A $561,500.00 N
600129643 CASTRO,MARINA D C $285,000.00 N
600129644 KURLAND,KEITH KURL $762,500.00 N
600129645 ZIFFER,LAURA S ZI $565,000.00 N
600129646 JOHNSON,DONALD L $440,000.00 N
600129647 STRAUSS,MISCHELLE $420,000.00 N
600129648 SCHMIDT,SHERYL S S $307,000.00 N
600129649 CAMPBELL,DONALD S $359,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 97
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129650 HORAN,LINDA E HO 144 WASHINGTON ST. GOLDEN CO 80403 $299,144.80
600129651 NIGHTENGALE,JENNIFER L 2510 E 34TH ST TULSA OK 74105 $334,303.82
600129652 HARM,ALLAN G HA 7802 MOLOKAI DR PAPILLION NE 68064 $318,968.97
600129653 ORLANDO,LOUIS A 708NESILVERLEAF PLAC LEES SUMMIT MO 64064 $279,418.13
600129654 FISCHER,MARY M FIS 42 SADDLE RIDGE RD SUDBURY MA 01776 $259,807.04
600129655 MCLEOD,DIANE J MC 445 CHARGIN DRIVE MORGAN HILL CA 95037 $251,826.58
600129656 ROST,GREGORY S 7815 ROANOKE STREET PHILADELPHIA PA 19118 $236,437.17
600129657 CHATTERJEE,PRITHA CHA 319 EL PORTAL WAY SAN JOSE CA 95110 $259,811.82
600129658 SKEEN,CHRISTINE 402 YELOOWSTONE DR MORGAN HILL CA 95037 $359,726.07
600129659 ALEXANDER,PETER T 7910 KEPLER DR CHEYENNE WY 82009 $346,761.20
600129660 REINHART,CHARLES RE 60 THERESA STREET SAN FRANCISCO CA 94112 $250,831.58
600129661 FORRESTER,MEGAN M FO 89 SAN PABLO AVE SAN FRANCISCO CA 94127 $503,644.28
600129662 GIBSON,HELEN D GI 4240SE94TH AVENUE MERCER ISLAND WA 98040 $244,822.68
600129663 CHOU,KATHERINE 3 BAYLEAF LANE IRVINE CA 92620 $431,123.42
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129650 HORAN,LINDA E HO 7.750 .250 7.500 .0500 7.450 10/01/2027
600129651 NIGHTENGALE,JENNIFER L 7.875 .250 7.625 .0500 7.575 11/01/2027
600129652 HARM,ALLAN G HA 7.625 .250 7.375 .0500 7.325 01/01/2028
600129653 ORLANDO,LOUIS A 7.875 .250 7.625 .0500 7.575 11/01/2027
600129654 FISCHER,MARY M FIS 7.500 .250 7.250 .0500 7.200 01/01/2028
600129655 MCLEOD,DIANE J MC 7.875 .250 7.625 .0500 7.575 01/01/2028
600129656 ROST,GREGORY S 7.875 .250 7.625 .0500 7.575 01/01/2028
600129657 CHATTERJEE,PRITHA CHA 7.625 .250 7.375 .0500 7.325 01/01/2028
600129658 SKEEN,CHRISTINE 7.375 .250 7.125 .0500 7.075 01/01/2028
600129659 ALEXANDER,PETER T 7.875 .250 7.625 .0500 7.575 01/01/2028
600129660 REINHART,CHARLES RE 8.000 .250 7.750 .0500 7.700 01/01/2028
600129661 FORRESTER,MEGAN M FO 7.750 .250 7.500 .0500 7.450 01/01/2028
600129662 GIBSON,HELEN D GI 7.625 .250 7.375 .0500 7.325 01/01/2028
600129663 CHOU,KATHERINE 7.250 .250 7.000 .0500 6.950 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129650 HORAN,LINDA E HO 8748712 $2,149.24 02/01/1998 360
600129651 NIGHTENGALE,JENNIFER L 8781052 $2,428.98 02/01/1998 360
600129652 HARM,ALLAN G HA 8789242 $2,259.28 02/01/1998 360
600129653 ORLANDO,LOUIS A 8791632 $2,030.19 02/01/1998 360
600129654 FISCHER,MARY M FIS 8840672 $1,817.96 02/01/1998 360
600129655 MCLEOD,DIANE J MC 8845612 $1,827.18 02/01/1998 360
600129656 ROST,GREGORY S 8846852 $1,715.52 14 02/01/1998 360
600129657 CHATTERJEE,PRITHA CHA 9013562 $1,840.26 02/01/1998 360
600129658 SKEEN,CHRISTINE 9018152 $2,486.43 02/01/1998 360
600129659 ALEXANDER,PETER T 9130402 $2,516.00 02/01/1998 360
600129660 REINHART,CHARLES RE 9137922 $1,841.75 19 02/01/1998 360
600129661 FORRESTER,MEGAN M FO 9145842 $3,610.72 02/01/1998 360
600129662 GIBSON,HELEN D GI 9153242 $1,734.09 02/01/1998 360
600129663 CHOU,KATHERINE 9166022 $2,943.32 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129650 HORAN,LINDA E HO $377,000.00 N
600129651 NIGHTENGALE,JENNIFER L $450,000.00 N
600129652 HARM,ALLAN G HA $400,000.00 N
600129653 ORLANDO,LOUIS A $365,000.00 N
600129654 FISCHER,MARY M FIS $623,000.00 N
600129655 MCLEOD,DIANE J MC $335,000.00 N
600129656 ROST,GREGORY S $285,000.00 N
600129657 CHATTERJEE,PRITHA CHA $330,000.00 N
600129658 SKEEN,CHRISTINE $475,000.00 N
600129659 ALEXANDER,PETER T $585,000.00 N
600129660 REINHART,CHARLES RE $279,000.00 N
600129661 FORRESTER,MEGAN M FO $630,000.00 N
600129662 GIBSON,HELEN D GI $475,000.00 N
600129663 CHOU,KATHERINE $540,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 98
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129664 JALILI-FARSHCHI,SHIDA JAL 3 NORTHVIEW LANE SAN RAFAEL CA 94903 $247,046.35
600129665 SULLIVAN,CATHERINE 115 JORDAN AVENUE SAN ANSELMO CA 94960 $312,556.75
600129666 WADDELL,ROBIN L WA 2800 SIMONDALE DR FORT WORTH TX 76109 $317,886.56
600129667 GERSCH,NICHOLAS J 5700 M 66 HIGHWAY CHARLEVOIX MI 49720 $502,154.18
600129668 NIGH,JENNIFER N 178 BELWOOD GATEWAY LOS GATOS CA 95032 $394,121.64
600129669 MARTIN,PAULA B MA 110 NORTHWEST AVE WENONAH NJ 08090 $230,819.80
600129670 KAYE,MICHELLE M 46 ECHO AVE CORTE MADERA CA 94925 $226,981.42
600129671 TOWNER,LIESL C TO 1048 SONOMA AVENUE MENLO PARK CA 94025 $433,701.32
600129672 SPRINGER,DEBORAH SP 4205 SEWILLOW BEND CT DECATUR AL 35603 $245,113.35
600129673 BOYCE,VANESSA K 3249 PEPPER RIDGE MAUMEE OH 43537 $271,803.13
600129674 LONDON,VALERIE E 1601 N STANLEY AVE LOS ANGELES CA 90046 $371,250.00
600129675 SKAFF,VICTORIA B 1609 TETER RD CHARLESTON WV 25314 $299,765.97
600129676 GRAFF,HOLLY A GR 419 HEATHGATE CINCINNATI OH 45230 $349,752.98
600129677 PHELPS,JEANINE PH 2095 EILENE DRIVE PLEASANTON CA 94588 $247,333.93
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129664 JALILI-FARSHCHI,SHIDA JAL 8.375 .250 8.125 .0500 8.075 01/01/2028
600129665 SULLIVAN,CATHERINE 7.750 .250 7.500 .0500 7.450 12/01/2027
600129666 WADDELL,ROBIN L WA 8.000 .250 7.750 .0500 7.700 01/01/2028
600129667 GERSCH,NICHOLAS J 7.875 .250 7.625 .0500 7.575 01/01/2028
600129668 NIGH,JENNIFER N 7.750 .250 7.500 .0500 7.450 01/01/2028
600129669 MARTIN,PAULA B MA 7.250 .250 7.000 .0500 6.950 01/01/2028
600129670 KAYE,MICHELLE M 7.500 .250 7.250 .0500 7.200 01/01/2028
600129671 TOWNER,LIESL C TO 7.875 .250 7.625 .0500 7.575 01/01/2028
600129672 SPRINGER,DEBORAH SP 7.375 .250 7.125 .0500 7.075 01/01/2028
600129673 BOYCE,VANESSA K 7.625 .250 7.375 .0500 7.325 01/01/2028
600129674 LONDON,VALERIE E 7.500 .250 7.250 .0500 7.200 02/01/2028
600129675 SKAFF,VICTORIA B 7.250 .250 7.000 .0500 6.950 01/01/2028
600129676 GRAFF,HOLLY A GR 7.750 .250 7.500 .0500 7.450 01/01/2028
600129677 PHELPS,JEANINE PH 8.000 .250 7.750 .0500 7.700 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129664 JALILI-FARSHCHI,SHIDA JAL 9216152 $1,878.90 02/01/1998 360
600129665 SULLIVAN,CATHERINE 9220452 $2,242.37 14 02/01/1998 360
600129666 WADDELL,ROBIN L WA 9224842 $2,334.11 02/01/1998 360
600129667 GERSCH,NICHOLAS J 9225332 $3,643.47 02/01/1998 360
600129668 NIGH,JENNIFER N 9228372 $2,825.53 02/01/1998 360
600129669 MARTIN,PAULA B MA 9228662 $1,575.83 02/01/1998 360
600129670 KAYE,MICHELLE M 9232162 $1,588.27 02/01/1998 360
600129671 TOWNER,LIESL C TO 9232432 $3,146.81 02/01/1998 360
600129672 SPRINGER,DEBORAH SP 9233502 $1,694.23 02/01/1998 360
600129673 BOYCE,VANESSA K 9239122 $1,925.20 02/01/1998 360
600129674 LONDON,VALERIE E 9239282 $2,595.83 02/01/1998 360
600129675 SKAFF,VICTORIA B 9239512 $2,046.53 02/01/1998 360
600129676 GRAFF,HOLLY A GR 9240382 $2,507.44 12 02/01/1998 360
600129677 PHELPS,JEANINE PH 9241692 $1,816.07 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129664 JALILI-FARSHCHI,SHIDA JAL $340,000.00 N
600129665 SULLIVAN,CATHERINE $349,000.00 N
600129666 WADDELL,ROBIN L WA $500,000.00 N
600129667 GERSCH,NICHOLAS J $670,000.00 N
600129668 NIGH,JENNIFER N $510,000.00 N
600129669 MARTIN,PAULA B MA $308,000.00 N
600129670 KAYE,MICHELLE M $290,000.00 N
600129671 TOWNER,LIESL C TO $550,000.00 N
600129672 SPRINGER,DEBORAH SP $327,500.00 N
600129673 BOYCE,VANESSA K $340,000.00 N
600129674 LONDON,VALERIE E $515,000.00 N
600129675 SKAFF,VICTORIA B $500,000.00 N
600129676 GRAFF,HOLLY A GR $390,000.00 Y
600129677 PHELPS,JEANINE PH $319,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 99
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129678 CANTRELL,MARK J 2609 BUNKER HILL MCKINNEY TX 75070 $291,777.81
600129679 FILLER,TRACY A FI 723 BARBARA AVENUE SOLANA BEACH CA 92075 $427,682.36
600129680 NORCIA,JENNIFER F 2246 CORONET DRIVE SAN JOSE CA 95124 $408,688.78
600129681 VINCENT,BARRY K VI 1803 E SAWGRASS CIRCLE DRAPER UT 84020 $358,583.68
600129682 JEZEK,T LAVERNE 2509 E CROSSING DR EDMOND OK 73013 $239,830.61
600129683 DUARTE,DIANE V DU 255 W CHANNEL ROAD SANTA MONICA CA 90402 $420,687.56
600129684 STOCKWELL,VICTORIA J 7 TYLER ST NOVATO CA 94947 $277,803.79
600129685 CRANDALL,DIANNE J C 104 DEER CREEK CIR PELHAM AL 35124 $265,000.00
600129686 JOHNSON,MIRIAM D J 14255 NE209TH AVE WOODINVILLE WA 98072 $275,784.69
600129687 KENEALY,HEATHER P 142 CYPRESS PT ROAD HALF MOON BAY CA 94019 $523,630.17
600129688 GRAND,JULIE M GR 4177 DEL MAR TRLS RD SAN DIEGO CA 92130 $261,819.69
600129689 LAMPE,TIMOTHY LA 33661 MARLINSPIKE DR DANA POINT CA 92629 $267,000.00
600129690 CHANDLER,DAVID M CH 1542 MONMOUTH DRIVE SAN DIEGO CA 92109 $278,000.00
600129691 KRAUTH,WENDY G KR 1208 LIMERIDGE DRIVE CONCORD CA 94518 $269,794.55
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129678 CANTRELL,MARK J 7.375 .250 7.125 .0500 7.075 01/01/2028
600129679 FILLER,TRACY A FI 7.500 .250 7.250 .0500 7.200 01/01/2028
600129680 NORCIA,JENNIFER F 7.375 .250 7.125 .0500 7.075 01/01/2028
600129681 VINCENT,BARRY K VI 7.500 .250 7.250 .0500 7.200 01/01/2028
600129682 JEZEK,T LAVERNE 7.750 .250 7.500 .0500 7.450 01/01/2028
600129683 DUARTE,DIANE V DU 7.500 .250 7.250 .0500 7.200 01/01/2028
600129684 STOCKWELL,VICTORIA J 7.750 .250 7.500 .0500 7.450 01/01/2028
600129685 CRANDALL,DIANNE J C 7.250 .250 7.000 .0500 6.950 02/01/2028
600129686 JOHNSON,MIRIAM D J 7.250 .250 7.000 .0500 6.950 01/01/2028
600129687 KENEALY,HEATHER P 7.750 .250 7.500 .0500 7.450 01/01/2028
600129688 GRAND,JULIE M GR 7.875 .250 7.625 .0500 7.575 01/01/2028
600129689 LAMPE,TIMOTHY LA 7.250 .250 7.000 .0500 6.950 02/01/2028
600129690 CHANDLER,DAVID M CH 8.125 .250 7.875 .0500 7.825 02/01/2028
600129691 KRAUTH,WENDY G KR 7.375 .250 7.125 .0500 7.075 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129678 CANTRELL,MARK J 9245542 $2,016.77 02/01/1998 360
600129679 FILLER,TRACY A FI 9247082 $2,992.64 02/01/1998 360
600129680 NORCIA,JENNIFER F 9248002 $2,824.86 02/01/1998 360
600129681 VINCENT,BARRY K VI 9249902 $2,509.13 14 02/01/1998 360
600129682 JEZEK,T LAVERNE 9250002 $1,719.39 02/01/1998 360
600129683 DUARTE,DIANE V DU 9252672 $2,943.69 02/01/1998 360
600129684 STOCKWELL,VICTORIA J 9253692 $1,991.63 02/01/1998 360
600129685 CRANDALL,DIANNE J C 9254392 $1,807.77 02/01/1998 360
600129686 JOHNSON,MIRIAM D J 9255682 $1,882.81 02/01/1998 360
600129687 KENEALY,HEATHER P 9260252 $3,753.99 02/01/1998 360
600129688 GRAND,JULIE M GR 9261302 $1,899.68 02/01/1998 360
600129689 LAMPE,TIMOTHY LA 9263912 $1,821.41 02/01/1998 360
600129690 CHANDLER,DAVID M CH 9270592 $2,064.14 02/01/1998 360
600129691 KRAUTH,WENDY G KR 9275632 $1,864.82 1 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129678 CANTRELL,MARK J $365,000.00 N
600129679 FILLER,TRACY A FI $535,000.00 N
600129680 NORCIA,JENNIFER F $523,000.00 N
600129681 VINCENT,BARRY K VI $403,000.00 N
600129682 JEZEK,T LAVERNE $565,000.00 N
600129683 DUARTE,DIANE V DU $575,000.00 N
600129684 STOCKWELL,VICTORIA J $415,000.00 N
600129685 CRANDALL,DIANNE J C $337,000.00 N
600129686 JOHNSON,MIRIAM D J $345,000.00 N
600129687 KENEALY,HEATHER P $655,000.00 N
600129688 GRAND,JULIE M GR $345,000.00 N
600129689 LAMPE,TIMOTHY LA $345,000.00 N
600129690 CHANDLER,DAVID M CH $360,000.00 N
600129691 KRAUTH,WENDY G KR $300,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 100
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129692 SCHREYER,MARY NANCY 568 KELLY WAY PALO ALTO CA 94306 $399,400.00
600129693 LIVINGSTON,ALLISON LI 145 RIVIERA DRIVE APTOS CA 95003 $269,789.37
600129694 CAREY,JOY B CARE 2502 LAS GALLINAS SAN RAFAEL CA 94903 $248,815.21
600129695 JONES,M ADELE JO 4447 N BAY RD MIAMI BEACH FL 33140 $396,746.85
600129696 GOODWIN,LORRAINE G 194 OAK HILL CIR CONCORD MA 01742 $291,804.07
600129697 MORRISON,TONI K MOR 927 WOOD PINE CT COLUMBUS GA 31904 $265,507.69
600129698 SPECK,HELEN ANES 1245 WHISPER HIGHLDS ESCONDIDO CA 92027 $271,798.14
600129699 HALL,FRANCELLA 200 ROUNDHILL RD TIBURON CA 94920 $564,570.09
600129700 GOULD,DEBRA I GO 1061 LUCOT WAY CAMPBELL CA 95008 $438,000.00
600129701 HUTCHINS,RONALD W H ROUTE 24 HARPSWELL ME 04003 $250,000.00
600129702 LAMA,CELESTE LA 601 CHAMPIONS DR MCDONOUGH GA 30253 $308,000.00
600129703 SMITH,CHARLETTE 4139 W RINCON AVENUE CAMPBELL CA 95008 $231,000.00
600129704 STONE,JUNE C STO 30510 VIA CANTAMAR ESCONDIDO CA 92026 $384,754.50
600129706 WALSH,KELLEEN M 85 FAIRWAY LN LITTLETON CO 80123 $279,797.35
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129692 SCHREYER,MARY NANCY 7.750 .250 7.500 .0500 7.450 02/01/2028
600129693 LIVINGSTON,ALLISON LI 7.250 .250 7.000 .0500 6.950 01/01/2028
600129694 CAREY,JOY B CARE 7.500 .250 7.250 .0500 7.200 01/01/2028
600129695 JONES,M ADELE JO 8.250 .250 8.000 .0500 7.950 01/01/2028
600129696 GOODWIN,LORRAINE G 8.000 .250 7.750 .0500 7.700 01/01/2028
600129697 MORRISON,TONI K MOR 7.625 .250 7.375 .0500 7.325 01/01/2028
600129698 SPECK,HELEN ANES 7.500 .250 7.250 .0500 7.200 01/01/2028
600129699 HALL,FRANCELLA 7.375 .250 7.125 .0500 7.075 01/01/2028
600129700 GOULD,DEBRA I GO 7.875 .250 7.625 .0500 7.575 02/01/2028
600129701 HUTCHINS,RONALD W H 7.875 .250 7.625 .0500 7.575 02/01/2028
600129702 LAMA,CELESTE LA 7.500 .250 7.250 .0500 7.200 02/01/2028
600129703 SMITH,CHARLETTE 7.625 .250 7.375 .0500 7.325 02/01/2028
600129704 STONE,JUNE C STO 8.250 .250 8.000 .0500 7.950 01/01/2028
600129706 WALSH,KELLEEN M 7.625 .250 7.375 .0500 7.325 01/01/2028
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129692 SCHREYER,MARY NANCY 9275882 $2,861.35 02/01/1998 360
600129693 LIVINGSTON,ALLISON LI 9280742 $1,841.88 02/01/1998 360
600129694 CAREY,JOY B CARE 9281392 $1,741.04 02/01/1998 360
600129695 JONES,M ADELE JO 9281682 $2,982.53 02/01/1998 360
600129696 GOODWIN,LORRAINE G 9286182 $2,142.60 19 02/01/1998 360
600129697 MORRISON,TONI K MOR 9287882 $1,880.61 02/01/1998 360
600129698 SPECK,HELEN ANES 9292772 $1,901.87 12 02/01/1998 360
600129699 HALL,FRANCELLA 9293852 $3,902.31 02/01/1998 360
600129700 GOULD,DEBRA I GO 9298772 $3,175.80 02/01/1998 360
600129701 HUTCHINS,RONALD W H 9302982 $1,812.68 02/01/1998 360
600129702 LAMA,CELESTE LA 9304142 $2,153.58 02/01/1998 360
600129703 SMITH,CHARLETTE 9311452 $1,635.00 02/01/1998 360
600129704 STONE,JUNE C STO 9312742 $2,892.38 02/01/1998 360
600129706 WALSH,KELLEEN M 9319142 $1,981.82 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129692 SCHREYER,MARY NANCY $551,000.00 N
600129693 LIVINGSTON,ALLISON LI $338,000.00 N
600129694 CAREY,JOY B CARE $320,000.00 N
600129695 JONES,M ADELE JO $500,000.00 N
600129696 GOODWIN,LORRAINE G $345,000.00 N
600129697 MORRISON,TONI K MOR $335,000.00 N
600129698 SPECK,HELEN ANES $320,000.00 N
600129699 HALL,FRANCELLA $1,050,000.00 N
600129700 GOULD,DEBRA I GO $625,000.00 N
600129701 HUTCHINS,RONALD W H $360,000.00 N
600129702 LAMA,CELESTE LA $385,000.00 N
600129703 SMITH,CHARLETTE $325,000.00 N
600129704 STONE,JUNE C STO $510,000.00 N
600129706 WALSH,KELLEEN M $350,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 101
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
600129707 LEPIANE,LEONARD G 2076 ELLEN AVENUE SAN JOSE CA 95125 $279,000.00
600129708 KNOCK,SARAH L KN 84 MAQUOIT DR FREEPORT ME 04032 $279,000.00
600129709 HARMS,EVELYN HAR 1837 SEADRIFT DRIVE NEWPORT BEACH CA 92625 $509,000.00
600129710 HASSANI,DEBRA L HA 11132 MARTHA ANN DR LOS ALAMITOS CA 90720 $268,000.00
600129712 PARTIDA,SONCEE R P 1381 CAMINITO BATEA LA JOLLA CA 92037 $633,000.00
600129740 KINNAMON,SUE C 2053 SUMMITVIEW DR LONGMONT CO 80501 $259,258.81
600129743 GURREAU,YULE B 9205 BALBOA ROAD ATASCADERO CA 93422 $257,300.60
600129744 GARLAND,BARBARA LE 6004 PARK CREST DR CHINO HILLS CA 91709 $249,698.12
600129756 BALSAM 15469 NW 83RD PL MIAMI FL 33016 $226,792.16
600129757 LEOW 905 TARAY DE AVILA TAMPA FL 33613 $263,354.42
600129758 ROTH 2361 WEST STEEPLE CHASE C LIBERTYVILLE IL 60048 $297,642.37
610000046 DAVID/JEAN QUIGLEY/ 210 ACARI DRIVE LOS ANGELES CA 90049 $560,341.80
610000059 GEORGE,GEORGENE MITSANAS 405 VIA LA SELVA TORRANCE CA 90277 $513,874.65
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
600129707 LEPIANE,LEONARD G 7.750 .250 7.500 .0500 7.450 02/01/2028
600129708 KNOCK,SARAH L KN 7.875 .250 7.625 .0500 7.575 02/01/2028
600129709 HARMS,EVELYN HAR 7.750 .250 7.500 .0500 7.450 02/01/2028
600129710 HASSANI,DEBRA L HA 7.875 .250 7.625 .0500 7.575 02/01/2028
600129712 PARTIDA,SONCEE R P 7.750 .250 7.500 .0500 7.450 02/01/2028
600129740 KINNAMON,SUE C 7.750 .250 7.500 .0500 7.450 10/01/2027
600129743 GURREAU,YULE B 8.000 .250 7.750 .0500 7.700 10/01/2027
600129744 GARLAND,BARBARA LE 8.000 .250 7.750 .0500 7.700 09/01/2027
600129756 BALSAM 7.250 .250 7.000 .0500 6.950 02/01/2023
600129757 LEOW 7.100 .250 6.850 .0500 6.800 04/01/2024
600129758 ROTH 7.750 .250 7.500 .0500 7.450 11/01/2018
610000046 DAVID/JEAN QUIGLEY/ 7.500 .250 7.250 .0500 7.200 11/01/2027
610000059 GEORGE,GEORGENE MITSANAS 7.625 .250 7.375 .0500 7.325 11/01/2027
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
600129707 LEPIANE,LEONARD G 9322072 $1,998.79 02/01/1998 360
600129708 KNOCK,SARAH L KN 9330792 $2,022.95 14 02/01/1998 360
600129709 HARMS,EVELYN HAR 9344882 $3,646.54 02/01/1998 360
600129710 HASSANI,DEBRA L HA 9345102 $1,943.19 02/01/1998 360
600129712 PARTIDA,SONCEE R P 9353402 $4,534.89 02/01/1998 360
600129740 KINNAMON,SUE C 7101249 $1,862.68 02/01/1998 360
600129743 GURREAU,YULE B 8782222 $1,893.11 02/01/1998 360
600129744 GARLAND,BARBARA LE 8958122 $1,838.45 2 02/01/1998 360
600129756 BALSAM 34780 $1,639.27 2 02/01/1998 360
600129757 LEOW 39150 $1,848.10 02/01/1998 360
600129758 ROTH 14180 $2,406.76 02/01/1998 360
610000046 DAVID/JEAN QUIGLEY/ 0092469640 $3,926.79 02/01/1998 360
610000059 GEORGE,GEORGENE MITSANAS 0092469658 $3,645.14 02/01/1998 360
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
600129707 LEPIANE,LEONARD G $405,000.00 N
600129708 KNOCK,SARAH L KN $315,000.00 N
600129709 HARMS,EVELYN HAR $728,000.00 N
600129710 HASSANI,DEBRA L HA $345,000.00 N
600129712 PARTIDA,SONCEE R P $810,000.00 N
600129740 KINNAMON,SUE C $327,000.00 N
600129743 GURREAU,YULE B $323,000.00 N
600129744 GARLAND,BARBARA LE $280,000.00 N
600129756 BALSAM $267,000.00 N
600129757 LEOW $475,000.00 N
600129758 ROTH $410,000.00 N
610000046 DAVID/JEAN QUIGLEY/ .00 .00 .00 .000 .250 .300 $702,000.00 N
610000059 GEORGE,GEORGENE MITSANAS .00 .00 .00 .000 .250 .300 $650,000.00 N
</TABLE>
<PAGE>
(vlegal.ace v1.4) Page 102
RUN DATE: 02/25/1998 PNC MORTGAGE SECURITIES CORP.
TIME: 12:37:21 LEGAL LOAN LISTING
REQUESTED STATUS AS OF 02/01/1998
POOL NUMBER: 1420 POOL NAME: 1998-2 Group 5
<TABLE>
<CAPTION>
SCHEDULED
LOAN # BORROWER STREET ADDRESS CITY STATE ZIP BALANCE
------ -------------------- -------------------- --------------- ----- ----- -----------
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
INTEREST LNDR NET MGMT PC SCHEDULED
LOAN # BORROWER RATE FEE RATE FEE RATE MATURITY
------ -------------------- -------- ----- ------ ----- ------ --------
<S> <C> <C> <C> <C> <C> <C> <C>
<CAPTION>
MI INTEREST LOAN
LOAN # BORROWER S/S LOAN # P & I PMT CO PAID-TO TERM
------ -------------------- --------------- --------- -- -------- ----
<S> <C> <C> <C> <C> <C> <C>
<CAPTION>
PER LIFE LIFE GROSS NET CERT. PROP BUYDOWN
LOAN # BORROWER CAP FLOOR CAP MARGIN MARGIN MARGIN VALUE TYPE
------ -------------------- ---- ----- ---- ------ ------ ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
<TABLE>
<CAPTION>
LOAN # OF CURRENT PROPERTY ORIG LOAN
COUNT BUYDOWN BALANCE VALUE AMOUNT P & I
----- ------- ------------- ------------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
** POOL
** TOTAL 1413 2 446,471,007.46 624,056,341.17 447,348,595.67 3,227,958.50
</TABLE>
NOTE: The Group V Loans identified above by loan numbers 600118183
through 600119489 and loan numbers 600125037 through 600126512
are the Class V-X-2 Premium Rate Mortgage Loans. The remaining
Group V Loans are the Class V-X-1 Premium Rate Mortgage Loans.
<PAGE>
Exhibit E
SELLING AND SERVICING
CONTRACT
This Selling and Servicing Contract (the "Contract"), made and entered
into by PNC Mortgage Securities Corp. ("Buyer") and the Seller ("Seller")
identified below,
WITNESSETH:
WHEREAS, Seller has submitted a Seller Application to Buyer and has
otherwise been approved by Buyer; and
WHEREAS, Seller has received the Buyers Selling Guide and the Buyers
Servicing Guide (the "Guides");
NOW THEREFORE, in consideration of the premises and of the mutual
agreements herein contained, Buyer and Seller hereto agree as follows:
1. GUIDES. The Guides, which set forth the terms and conditions
under which Seller is to sell and service mortgages, are supplements to this
Contract and such Guides, as may be amended or supplemented from time to time,
are incorporated into this Contract in full by reference and made a part hereof
as fully as if set forth at length herein. All capitalized terms used herein
and not defined herein have the meanings ascribed to them in Appendix A,
Glossary of Terms, to the Guides.
2. SELLERS DUTIES. Seller shall diligently perform all duties
incident to the selling and servicing of all mortgages which may be sold by
Seller from time to time and such other mortgages as Buyer and Seller may
mutually agree upon. In the performance of such duties, Seller shall employ
procedures and exercise the same care that it would maintain for loans held in
its own portfolio and in accordance with standards of practice, diligence,
prudence and competence maintained by the mortgage banking industry. Seller
shall also comply with all of the provisions of the Guides and with all other
reasonable requirements and instructions of Buyer. Seller shall perform such
services at its sole expense except as otherwise expressly provided in the
Guides. Seller agrees to service each of such mortgages continuously beginning
with the Purchase Date for such mortgages or the date of designation of Seller
as replacement Servicer for mortgages previously purchased by Buyer from another
Seller, until all interest and principal on each mortgage has been paid in full,
the mortgage has been liquidated as provided in the Guides, or such servicing
duties are terminated by Buyer.
3. COMPENSATION. Seller shall be compensated for its services
hereunder as specified in the Guides.
4. DOCUMENTS AND RECORDS. Seller agrees to create, maintain and
transmit all mortgage records and documents including all permanent mortgage
account records in accordance with the Guides. With respect to such records and
documents, Seller shall have custody privileges and Buyer shall have ownership
of the mortgage records and documents. Buyer may inspect such records and
documents at reasonable times during Sellers normal business hours. Seller
shall maintain accurate records and books of account, an adequate system of
audit and internal control, and shall conduct its origination and servicing
activities in a responsible and business-like manner. Seller shall promptly
E-1
<PAGE>
notify Buyer in writing of any activity or action, either internal or external,
which could potentially affect adversely the terms of any mortgage serviced
hereunder or the ability of Seller to service any mortgage.
5. WARRANTIES, OBLIGATIONS AND REPRESENTATIONS. The warranties,
obligations and representations stated in the Guides and hereby made or
undertaken by Seller with respect to each of the mortgages to be sold and
serviced by it on behalf of Buyer, unless expressly waived in writing by Buyer.
All warranties made by Seller shall survive (i) any investigation made by or on
behalf of Buyer, it assignee or designee, (ii) liquidation of the mortgage,
(iii) purchase of the mortgage by Buyer, its designee or assignee, (iv)
repurchase of the mortgage by Seller, and (v) termination of this Contract, or
similar event, and all such warranties shall inure to the benefit of Buyer, its
successors and assigns and any transferee of any mortgage. Upon specific
written request from Buyer, Seller shall supply evidence that is satisfactory to
Buyer of its compliance with any provisions of the Guides.
6. REPURCHASE OBLIGATION. If, after purchase of any mortgage by
Buyer, any of the representations or warranties of the Seller contained herein
or in the Selling Guide are untrue, Buyer may, at its option, without regard to
the Sellers actual or implied knowledge of the untruth of such warranty (except
to the extent the warranty is expressly conditioned upon the Sellers actual
knowledge), in addition to and without limitation as to any other remedy
accruing to Buyer, require the Seller to repurchase said mortgage pursuant to
the Guides. It is contemplated that a third party will purchase from Buyer the
mortgages purchased from Seller, and Seller agrees that Buyer may, in its own
name or in the name of the third party, exercise any rights or remedies at law
or in equity on behalf of itself or such third party.
7. CUSTODIANSHIP OF FUNDS. Seller shall fully account to Buyer for
the custodianship of funds received from, or on behalf of, a Borrower for
mortgages serviced hereunder. Seller shall establish and maintain custodial
accounts in accordance with the Guides for (i) the segregation of all principal
and interest received, and (ii) the administration of all amounts to be
deposited into escrow accounts, and such accounts shall be maintained free and
clear of any lien or encumbrance. Seller must be in control of the funds in its
custody at all times, and upon request from time to time of Buyer shall submit
complete and accurate analyses of cash balances on hand and of the receipt,
deposit and disposition of monies handled.
8. INDEMNIFICATION BY SELLER. Seller shall indemnify Buyer from and
hold Buyer harmless against all losses, damages, penalties, fines, forfeitures,
legal fees and related costs, judgments, and any other costs, fees, and expenses
heretofore or hereafter resulting from a material breach of any warranty,
obligation or representation contained in or made pursuant to this Contract or
from any claim, demand, defense or assertion against or involving Buyer or its
assignee or transferee of any mortgage based on or grounded upon, or resulting
from such breach or a breach of any representation, warranty or obligation made
by Buyer in reliance upon any warranty, obligation or representation made by
Seller contained in or made pursuant to this Contract. Seller hereby
acknowledges Buyers intent to sell the mortgages to third parties in reliance
upon Sellers warranties, obligations and representation. The obligations of
Seller under this paragraph shall survive delivery and payment for the
mortgages, liquidation or repurchase of the mortgages and termination of this
Contract or the expiration hereof.
9. NO ASSIGNMENT. This Contract is of the nature of a personal
service agreement and accordingly may not be assigned by Seller. Except as
provided in paragraph 10 of this Contract, Seller may not assign or otherwise
transfer its responsibility for servicing individual mortgages to any other
entity, including affiliates. Any attempt to assign servicing rights without
the prior written consent of Buyer shall be null and void. Any such assignment
E-2
<PAGE>
without the consent of Buyer shall be grounds for immediate termination of the
servicing rights with respect to the servicing purportedly assigned.
10. SUBCONTRACTING OF SERVICING. Seller may not, without Buyers
prior written approval, subcontract with any other entity, including affiliates,
its responsibility for servicing any mortgage it has contracted to service for
Buyer.
11. TERMINATION BY BUYER. Buyer may terminate the right of Seller to
continue to service mortgage loans for Buyer and/or revoke the status of Seller
as an approved Seller for any of the reasons set forth in the Guides, including
a change in Sellers form of organization, a transfer of 25% or more of the
equity interest in Seller or change in its principal executive or financial
officers. No such termination shall release Seller from any of its obligations
hereunder or under the Guides or from any liability arising hereunder or
thereunder. Any forbearance or delay by Buyer in exercising such rights shall
not be deemed a waiver of and shall not preclude the exercise of any such
right. Upon termination by Buyer of this Contract for any reason other than a
failure of Seller to meet the eligibility requirements as set forth in the
Guides as determined by Buyer, Seller shall be compensated for such termination
in the amount specified in the Servicing Guide.
12. ATTORNEYS FEES. In the event of a dispute arising from or
concerning an obligation of the Seller or Buyer under this Contract which
results in litigation of the issue, the prevailing party to such litigation
shall be indemnified by the other party for all costs and expenses in bringing
or defending such action.
13. OFFSET. Buyer shall have the right to offset amounts due from
Seller against the purchase price to be paid for the acquisition of mortgages.
Amounts due which may be offset include but are not limited to past due pair-off
fees and funds for the repurchase of mortgages which are subject to an
outstanding repurchase demand.
14. NOTICE. Any notice required or permitted hereunder shall be in
writing and shall be sent to Seller at its address shown under its signature
below or to such other address Seller may designate in writing or to Buyer at 75
North Fairway Drive, Vernon Hills, Illinois 60061 or to such other address
designated by Buyer in writing, by certified mail, return receipt requested,
postage prepaid.
15. PRIOR AGREEMENTS. This Contract supersedes any prior agreements
and understandings between Buyer and Seller governing the subject matter hereof;
provided, however, that Seller shall not be released from any responsibility or
liability that may have arisen under such agreements and understandings.
16. GOVERNING LAW. This Contract is made in the State of Illinois
and shall be governed by the law of such state.
17. USE OF TERM "SELLER". Wherever the term "Seller" is used in this
contract in a context involving loan administration, servicing, and accounting
obligations, such term shall be deemed to mean "Servicer" as is used in the
Buyers Servicing Guide.
18. EFFECTIVE DATE OF CONTRACT. This contract is not effective until
it is accepted by Buyer. An executed copy of the Contract will be returned to
the Seller.
19. STATUS OF PARTIES. Seller and Buyer each represent, warrant and
agree that as of the date of this Contract: (i) each party is duly organized,
E-3
<PAGE>
validly existing and in good legal standing under the laws of its jurisdiction
of organization, and has the requisite power and authority to enter into this
contract and agreements to which both are parties as contemplated by this
Contract; (ii) this Contract has been duly authorized executed and delivered to
both parties and constitutes a valid and legally binding agreement of each
party, enforceable in accordance with its terms; (iii) there is no action,
proceeding or investigation pending or threatened, nor any basis therefore known
to either party that questions the validity or prospective validity of this
Contract insofar as the Contract relates to either party, or any essential
element upon which this Contract depends, or any action to be taken by either
party pursuant to this Contract; and (iv) insofar as either partys capacity to
carry out any obligation under this Contract is concerned, neither party will be
in violation of any provision of any charter, certificate of incorporation,
bylaw, mortgage, indenture, indebtedness, agreement, instrument, judgment,
decree, order, statute, rule, or regulation, and there is no such provision that
adversely affects either partys capacity to carry out any such obligation.
Sellers and Buyers execution of, and performance pursuant to, this Contract will
not result in any such violation. At all times Seller shall act as an
independent contractor.
E-4
<PAGE>
IN WITNESS WHEREOF, the parties have executed this Contract by proper
officials duly authorized on the dates hereinafter set forth. This Contract
shall take effect as of the date of its execution in original or facsimile
signature by a duly authorized officer of the Buyer.
_________________________________ _____________________________________
Name of Seller Seller I.D. Number
_________________________________ _____________________________________
Type of Organization Organized under laws of
______________________________________________________________________________
Principal place of business: street address, city, state, zip code
______________________________________________________________________________
Typed name and title of Seller's authorized officer
_________________________________________ ________________________
Signature of Seller's authorized officer Date
Agreed to and accepted by PNC MORTGAGE SECURITIES CORP.
______________________________________________________________________________
Typed name and title of authorized representative
_________________________________________ ________________________
Signature of authorized representative Date
E-5
<PAGE>
Exhibit F
FORM OF TRANSFEROR CERTIFICATE FOR
JUNIOR SUBORDINATE CERTIFICATES
[Date]
U.S. Bank National Association, as Trustee
180 East 5th Street, SPFT0210
St. Paul, MN 55101
Re: Purchase of PNC Mortgage Securities Corp. Mortgage Pass-Through
Certificates Series 1998-2, Class [ ] (the "Certificates")
Ladies and Gentlemen:
In connection with our disposition of the above Certificates we certify that (a)
we understand the Certificates have not been registered under the Securities Act
of 1933, as amended (the "Act") and are being disposed by us in a transaction
that is exempt from the registration requirements of the Act, and (b) we have
not offered or sold any certificates to, or solicited offers to buy any
Certificates from, any person, or otherwise approached or negotiated with any
person with respect thereto, or taken any other action which would result in a
violation of Section 5 of the Act.
Very truly yours,
[Name of Transferor]
By:______________________________
Authorized Officer
F-1
<PAGE>
Exhibit G
FORM OF TRANSFEREE'S AGREEMENT FOR
JUNIOR SUBORDINATE CERTIFICATES
[Date]
U.S. Bank National Association
180 East 5th Street, SPFT0210
St. Paul, MN 55101
PNC Mortgage Securities Corp.
75 N. Fairway Drive
Vernon Hills, Illinois 60061
The undersigned (the "Purchaser") proposes to purchase Class [ ]
Certificates evidencing an undivided interest in PNC Mortgage Securities Corp.
Mortgage Pass-Through Certificates, Series 1998-2 (the "Purchased Certificates")
in the principal amount of $______________. In doing so, the Purchaser hereby
acknowledges and agrees as follows:
Section 1. Definitions. Each capitalized term used herein and not
otherwise defined herein shall have the meaning ascribed to it in the Pooling
and Servicing Agreement, dated as of February 1, 1998 (the "Pooling Agreement"),
by and between PNC Mortgage Securities Corp. ("PNC") and U.S. Bank National
Association, as trustee (the "Trustee"), of the PNC Mortgage Securities Corp.
Mortgage Pass-Through Certificates, Series 1998-2.
Section 2. Representations and Warranties of the Purchaser. In
connection with the proposed transfer, the Purchaser represents and warrants to
PNC and the Trustee that:
(a) The Purchaser is duly organized, validly existing and in good
standing under the laws of the jurisdiction in which the Purchaser is organized,
is authorized to invest in the Purchased Certificates, and to enter into this
Agreement, and duly executed and delivered this Agreement;
(b) The Purchaser is acquiring the Purchased Certificates for its own
account as principal and not with a view to the distribution thereof, in whole
or in part;
(c) The Purchaser is an "accredited investor" as such term is defined
in paragraph (a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) of Section 501 of
Regulation D under the Securities Act of 1933, as amended (the "Act"), has
knowledge of financial and business matters and is capable of evaluating the
merits and risks of an investment in the Purchased Certificates; the Purchaser
has sought such accounting, legal and tax advice as it has considered necessary
to make an informed investment decision; and the Purchaser is able to bear the
economic risk of an investment in the Purchased Certificates and can afford a
complete loss of such investment;
(d) The Purchaser is not affiliated with the Trustee;
(e) The Purchaser confirms that PNC has made available to the
Purchaser the opportunity to ask questions of, and receive answers from PNC
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concerning the trust fund created pursuant to the Pooling Agreement (the "Trust
Fund"), the purchase by the Purchaser of the Purchased Certificates and all
matters relating thereto that PNC possesses or can acquire without unreasonable
effort or expense; and
(f) If applicable, the Purchaser has complied, and will continue to
comply, with the guidelines established by Thrift Bulletin 12 issued December
13, 1988, by the Office of Regulatory Activities of the Federal Home Loan Bank
System; and
(g) The Purchaser will provide the Trustee and the Master Servicer
with affidavits substantially in the form of Exhibit A attached hereto.
Section 3.Transfer of Purchased Certificates.
(a) The Purchaser understands that the Purchased Certificates have
not been registered under the Act, or any state securities laws and that no
transfer may be made unless the Purchased Certificates are registered under the
Act and under applicable state law or unless an exemption from registration is
available. The Purchaser further understands that neither PNC nor the Trust Fund
is under any obligation to register the Purchased Certificates or make an
exemption available. In the event that such a transfer is to be made within two
years from the Closing Date without registration under the Act or applicable
state securities laws, (i) the Trustee shall require, in order to assure
compliance with such laws, that the Certificateholder's prospective transferee
each certify to PNC and the Trustee as to the factual basis for the registration
or qualification exemption relied upon, and (ii) the Trustee or PNC may require
an Opinion of Counsel that such transfer may be made pursuant to an exemption
from the Act and state securities laws, which Opinion of Counsel shall not be an
expense of the Trustee or PNC. Any such Certificateholder desiring to effect
such transfer shall, and does hereby agree to, indemnify the Trustee and PNC
against any liability that may result if the transfer is not so exempt or is not
made in accordance with such federal and state laws.
(b) No transfer of a Purchased Certificate shall be made unless the
transferee provides PNC and the Trustee with (i) a Transferee's Agreement,
substantially in the form of this Agreement, and (ii) either (a) an affidavit
substantially in the form of Exhibit A hereto that the proposed transferee (x)
is not an employee benefit plan or other plan or arrangement subject to the
prohibited transaction provisions of ERISA or Section 4975 of the Internal
Revenue Code of 1986, as amended, or comparable provisions of any subsequent
enactments (a "Plan"), a trustee of any Plan, or any other Person who is using
the "plan assets" of any Plan to effect such acquisition or (y) is an insurance
company, the source of funds to be used by it to purchase the Purchased
Certificates is an "insurance company general account" (within the meaning of
Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and
the purchase is being made in reliance upon the availability of the exemptive
relief afforded under Sections I and III of PTCE 95-60, or (b) a Benefit Plan
Opinion (as defined in Exhibit A hereto).
(c) The Purchaser acknowledges that its Purchased Certificates bear a
legend setting forth the applicable restrictions on transfer.
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IN WITNESS WHEREOF, the undersigned has caused this Agreement to be
validly executed by its duly authorized representative as of the day and the
year first above written.
[Purchaser]
By: ___________________________________
Its:
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Exhibit A to Form of Transferee Agreement (Exhibit G)
PNC MORTGAGE SECURITIES CORP.
BENEFIT PLAN AFFIDAVIT
RE: PNC MORTGAGE SECURITIES CORP.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-2
(THE "TRUST") CLASS [ ] CERTIFICATES
(THE "PURCHASED CERTIFICATES")
Under penalties of perjury, I, _____________________, declare that, to the
best of my knowledge and belief, the following representations are true, correct
and complete; and
1. That I am the _______________ of __________________ (the
"Purchaser"), whose taxpayer identification number is ___________, and on
behalf of which I have the authority to make this affidavit.
2. That the Purchaser is acquiring a Purchased Certificate
representing an interest in the Trust Fund.
3. That the Purchaser (i) is not an employee benefit plan or
other plan or arrangement subject to the prohibited transaction provisions of
the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or
Section 4975 of the Internal Revenue Code of 1986, as amended (the "Code"),
or comparable provisions of any subsequent enactments (a "Plan"), a trustee
of any Plan, or any other Person who is using the "plan assets" of any Plan
to effect such acquisition, (ii) has provided a "Benefit Plan Opinion"
satisfactory to PNC Mortgage Securities Corp. (the "Company") and the Trustee
of the Trust Fund or (iii) is an insurance company, the source of funds to be
used by it to purchase the Purchased Certificates is an "insurance company
general account" (within the meaning of Department of Labor Prohibited
Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made
in reliance upon the availability of the exemptive relief afforded under
Sections I and III of PTCE 95-60. A Benefit Plan Opinion is an opinion of
counsel to the effect that the proposed transfer (a) is permissible under
applicable law, (b) will not constitute or result in a non-exempt prohibited
transaction under Section 406 of ERISA or Section 4975 of the Code, and (c)
will not subject the Trustee, the Master Servicer or the Company to any
obligation or liability (including obligations or liabilities under Section
406 of ERISA or Section 4975 of the Code) in addition to those undertaken in
this Agreement, which Benefit Plan Opinion shall not be an expense of the
Trustee, the Master Servicer or the Company.
IN WITNESS WHEREOF, the Purchaser has caused this instrument to be
duly executed on its behalf, by its duly authorized officer this _____ day of
__________________, 199__.
[Purchaser]
By: _________________________
Its:
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Personally appeared before me ______________________, known or proved
to me to be the same person who executed the foregoing instrument and to be a
________________ of the Purchaser, and acknowledged to me that (s)he executed
the same as his/her free act and deed and as the free act and deed of the
Purchaser.
SUBSCRIBED and SWORN to before me this day of ____________, 19__.
___________________________________
Notary Public
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Exhibit H
FORM OF ADDITIONAL MATTER INCORPORATED INTO
THE FORM OF THE CERTIFICATES
This Certificate does not represent an obligation of or interest in PNC
Mortgage Securities Corp. or any of its affiliates, including PNC Bank Corp.
Neither this Certificate nor the underlying Mortgage Loans are guaranteed by any
agency or instrumentality of the United States.
This certifies that the above-named Registered Owner is the registered
owner of certain interests in a trust fund (the "Trust Fund") whose assets
consist of, among other things, a pool (the "Mortgage Pool") of conventional
one- to four-family mortgage loans (the "Mortgage Loans"), formed and
administered by PNC Mortgage Securities Corp. (the "Company"), which term
includes any successor entity under the Pooling Agreement referred to below. The
Mortgage Pool was created pursuant to a Pooling and Servicing Agreement, dated
as of the Cut-Off Date stated above (the "Pooling Agreement"), between the
Company and U.S. Bank National Association, as Trustee (the "Trustee"), a
summary of certain of the pertinent provisions of which is set forth hereafter.
To the extent not defined herein, the capitalized terms used herein have the
meanings assigned in the Pooling Agreement. Nothing herein shall be deemed
inconsistent with such meanings, and in the event of any conflict between the
Pooling Agreement and the terms of this Certificate, the Pooling Agreement shall
control. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling Agreement, to which Pooling Agreement
the Holder of this Certificate, by virtue of the acceptance hereof, assents and
by which such Holder is bound.
Distributions will be made, pursuant to the Pooling Agreement, on the 25th
day of each month or, if such 25th day is not a Business Day, the Business Day
immediately following (the "Distribution Date"), commencing on the first
Distribution Date specified above, to the Person in whose name this Certificate
is registered at the close of business on the last day (or if such last day is
not a Business Day, the Business Day immediately preceding such last day) of the
month immediately preceding the month of such distribution (the "Record Date"),
to the extent of such Certificateholder's Percentage Interest represented by
this Certificate in the portion of the Available Distribution Amount for such
Distribution Date then distributable on the Certificates of this Class, as
specified in Section 4.01 of the Pooling Agreement.
Distributions on this Certificate will be made by the Trustee by wire
transfer or check mailed to the address of the Person entitled thereto, as such
name and address shall appear on the Certificate Register. Notwithstanding the
above, the final distribution on this Certificate will be made after due notice
by the Trustee of the pendency of such distribution and only upon presentation
and surrender of this Certificate to the Certificate Registrar.
Reference is hereby made to the further provisions of this Certificate set
forth below, which further provisions shall for all purposes have the same
effect as if set forth at this place.
Unless the certificate of authentication hereon has been executed by or
on behalf of the Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Pooling Agreement or be valid for any
purpose.
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IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
U.S. BANK NATIONAL ASSOCIATION, as Trustee
By: ________________________________
(TRUSTEE'S CERTIFICATE OF AUTHENTICATION)
This is one of the Certificates referred to in the within-mentioned
Pooling Agreement.
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
By: _________________________
Dated: ______________________
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PNC MORTGAGE SECURITIES CORP.
MORTGAGE PASS-THROUGH CERTIFICATE
This Certificate is one of a duly authorized issue of Certificates
designated as Mortgage Pass-Through Certificates of the Series and Class
specified hereon (herein called the "Certificates") and representing certain
interests in the Trust Fund.
The Certificates do not represent an obligation of, or an interest in, the
Company or any of its affiliates and are not insured or guaranteed by any
governmental agency. The Certificates are limited in right of payment to certain
collections and recoveries respecting the Mortgage Loans, all as more
specifically set forth herein and in the Pooling Agreement. In the event funds
are advanced with respect to any Mortgage Loan, such advance is reimbursable to
the Master Servicer from the related recoveries on such Mortgage Loan or from
other cash deposited in the Certificate Account to the extent that such advance
is not otherwise recoverable.
As provided in the Pooling Agreement, withdrawals from the Certificate
Account may be made from time to time for purposes other than distributions to
Certificateholders, such purposes including reimbursement to the Master Servicer
of advances made, or certain expenses incurred, by it.
The Pooling Agreement permits, with certain exceptions therein provided,
the amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Certificateholders under the Pooling Agreement at
any time by the Company, the Master Servicer and the Trustee with the consent of
the Holders of the Certificates evidencing Percentage Interests aggregating not
less than 66% of the Trust Fund. For the purposes of such provision and except
as provided below, voting rights relating to 100% of the Aggregate Certificate
Principal Balance will be allocated pro rata (by Certificate Principal Balance)
among such Certificates. Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders of
this Certificate and of any Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof whether or not notation of such consent is
made upon this Certificate. The Pooling Agreement also permits the amendment
thereof, in certain limited circumstances, without the consent of the Holders of
any of the Certificates.
As provided in the Pooling Agreement and subject to certain limitations
therein set forth, the transfer of this Certificate is registrable in the
Certificate Register upon surrender of this Certificate for registration of
transfer at the offices of the Certificate Registrar or the office maintained by
the Trustee in the City and State of New York, duly endorsed by, or accompanied
by an assignment in the form below or other written instrument of transfer in
form satisfactory to the Trustee or any Authenticating Agent duly executed by,
the Holder hereof or such Holder's attorney duly authorized in writing, and
thereupon one or more new Certificates of Authorized Denominations evidencing
the same Percentage Interest set forth hereinabove will be issued to the
designated transferee or transferees.
No transfer of a Certificate will be made unless such transfer is exempt
from or is made in accordance with the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act") and any applicable
state securities laws. In the event that a transfer is to be made without
registration or qualification under applicable laws, (i) in the event such
transfer is made pursuant to Rule 144A under the Securities Act, the Company and
the Trustee shall require the transferee to execute an investment letter in
substantially the form attached as Exhibit L to the Pooling Agreement, which
investment letter shall not be an expense of the Company, the Master Servicer or
the Trustee and (ii) in the event that such a transfer is not made pursuant to
Rule 144A under the Securities Act, the Company may require an Opinion of
Counsel satisfactory to the Company that such transfer may be made without such
registration or qualification, which Opinion of Counsel shall not be an expense
of the Company, the Master Servicer or the Trustee. Neither the Company nor the
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Trustee will register the Certificate under the Securities Act, qualify the
Certificate under any state securities law or provide registration rights to any
purchaser. Any Holder desiring to effect such transfer shall, and does hereby
agree to, indemnify the Trustee, the Company and the Master Servicer against any
liability that may result if the transfer is not so exempt or is not made in
accordance with such federal and state laws.
The Certificates are issuable only as registered Certificates without
coupons in Authorized Denominations specified in the Pooling Agreement. As
provided in the Pooling Agreement and subject to certain limitations therein set
forth, Certificates are exchangeable for new Certificates of Authorized
Denominations evidencing the same aggregate interest in the portion of the
Available Distribution Amount distributable on this Class of Certificate, as
requested by the Holder surrendering the same.
A reasonable service charge may be made for any such registration of
transfer or exchange, and the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.
The Company, the Trustee and the Certificate Registrar and any agent of the
Company, the Trustee or the Certificate Registrar may treat the Person in whose
name this Certificate is registered as the owner hereof for all purposes, and
neither the Company, the Trustee, the Certificate Registrar nor any such agent
shall be affected by notice to the contrary.
The obligations created by the Pooling Agreement and the Trust Fund created
thereby shall terminate upon (i) the later of the maturity or other liquidation
(including repurchase by the Company) of the last Mortgage Loan remaining in the
Trust Fund or the disposition of all property acquired upon foreclosure or deed
in lieu of foreclosure of any Mortgage Loan, and (ii) the payment to
Certificateholders of all amounts held by the Trustee and required to be paid to
them pursuant to the Pooling Agreement. In the event that the Company
repurchases any Mortgage Loan pursuant to the Pooling Agreement, such Pooling
Agreement generally requires that the Trustee distribute to the
Certificateholders in the aggregate an amount equal to 100% of the unpaid
Principal Balance of such Mortgage Loan, plus accrued interest at the applicable
Pass-Through Rate to the next scheduled Due Date for the Mortgage Loan. The
Pooling Agreement permits, but does not require, the Company to repurchase from
the Trust Fund all Mortgage Loans at the time subject thereto and all property
acquired in respect of any Mortgage Loan upon payment to the Certificateholders
of the amounts specified in the Pooling Agreement. The exercise of such right
will effect early retirement of the Certificates, the Company's right to
repurchase being subject to the aggregate unpaid Principal Balance of the
Mortgage Loans at the time of repurchase being less than ten percent (10%) of
the aggregate unpaid Principal Balance of the Mortgage Loans as of the Cut-Off
Date.
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ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s) and assign(s) and
transfer(s) unto _______________________________________________________
________________________________________________________________________
(Please print or typewrite name and address, including postal zip code of
assignee. Please insert social security or other identifying number of
assignee.)
the within Mortgage Pass-Through Certificate and hereby irrevocably constitutes
and appoints ___________________________________________________________
Attorney to transfer said Certificate on the Certificate Register, with full
power of substitution in the premises.
Dated: ________________ ___________________________________________
Signature Guaranteed
________________________________________________________
NOTICE: The signature to this assignment must
correspond with the name as written upon the
face of the within instrument in every
particular, without alteration or enlargement
or any change whatever. This Certificate does
not represent an obligation of or an interest
in PNC Mortgage Securities Corp. or any of its
affiliates, including PNC Bank Corp. Neither
this Certificate nor the underlying Mortgage
Loans are guaranteed by any agency or
instrumentality of the United States.
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Exhibit I
TRANSFEROR CERTIFICATE
[Date]
U.S. Bank National Association, as Trustee
180 East 5th Street, SPFT0210
St. Paul, MN 55101
Attn: Structured Finance
RE: PNC MORTGAGE SECURITIES CORP. MORTGAGE PASS-THROUGH
CERTIFICATES, SERIES 1998-2, CLASS R
Ladies and Gentlemen:
This letter is delivered to you in connection with the sale from
______________________ (the "Seller") to _______________________ (the
"Purchaser") of $____________________ initial Certificate Principal Balance
of Mortgage Pass-Through Certificates, Series 1998-2, Class R (the
"Certificate"), pursuant to Section 5.01 of the Pooling and Servicing
Agreement (the "Pooling Agreement"), dated as of February 1, 1998 among PNC
Mortgage Securities Corp., as depositor and master servicer (the "Company")
and U.S. Bank National Association, as trustee (the "Trustee"). All terms
used herein and not otherwise defined shall have the meanings set forth in
the Pooling Agreement. The Seller hereby certifies, represents and warrants
to, and covenants with, the Company and the Trustee that:
1. No purpose of the Seller relating to the sale of the Certificate by
the Seller to the Purchaser is or will be to enable the Seller to impede the
assessment or collection of tax.
2. The Seller understands that the Purchaser has delivered to the Trustee
and the Company a transferee affidavit and agreement in the form attached to the
Pooling Agreement as Exhibit J. The Seller does not know or believe that any
representation contained therein is false.
3. The Seller has no actual knowledge that the proposed Transferee is not
a Permitted Transferee.
4. The Seller has no actual knowledge that the Purchaser would be
unwilling or unable to pay taxes due on its share of the taxable income
attributable to the Certificates.
5. The Seller has conducted a reasonable investigation of the financial
condition of the Purchaser and, as a result of the investigation, found that the
Purchaser has historically paid its debts as they came due, and found no
significant evidence to indicate that the Purchaser will not continue to pay its
debts as they come due in the future.
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6. The Purchaser has represented to the Seller that, if the Certificates
constitute a noneconomic residual interest, it (i) understands that as holder of
a noneconomic residual interest it may incur tax liabilities in excess of any
cash flows generated by the interest, and (ii) intends to pay taxes associated
with its holding of the Certificates as they become due.
Very truly yours,
[Seller]
By: _____________________________________
Name: ______________________________
Title: _____________________________
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Exhibit J
TRANSFEREE AFFIDAVIT AND AGREEMENT
STATE OF )
) ss:
COUNTY OF )
[NAME OF OFFICER], being first duly sworn, deposes and says:
1. That he is [Title of Officer] of [Name of Owner] (record or
beneficial owner of the Class R Certificate (the "Owner")), a [savings
institution] [corporation] duly organized and existing under the laws of [the
State of ] [the United States], on behalf of which he makes
this affidavit and agreement.
2. That the Owner (i) is not and will not be a "disqualified
organization" as of [date of transfer] within the meaning of Section 860E(e)(5)
of the Internal Revenue Code of 1986, as amended (the "Code") and will endeavor
to remain other than a disqualified organization for so long as it retains its
ownership interest in the Class R Certificates, and (ii) is acquiring the Class
R Certificates for its own account or for the account of another Owner from
which it has received an affidavit and agreement in substantially the same form
as this affidavit and agreement. (For this purpose, a disqualified organization"
means the United States, any state or political subdivision thereof, or any
agency or instrumentality of any of the foregoing (other than an instrumentality
all of the activities of which are subject to tax and, except for the Federal
Home Loan Mortgage Corporation, a majority of whose board of directors is not
selected by any such governmental entity, or any foreign government or
international organization, or any agency or instrumentality of such foreign
government or organization, any rural electric or telephone cooperative, or any
organization (other than certain farmers' cooperatives) that is generally exempt
from federal income tax unless such organization is subject to the tax on
unrelated business taxable income).
3. That the Owner is aware (i) of the tax that would be imposed on
transfers of the Class R Certificates after March 31, 1988; (ii) that such tax
would be on the transferor, or, if such transfer is through an agent (which
person includes a broker, nominee or middleman) for a disqualified
organization, on the agent; (iii) that the person otherwise liable for the tax
shall be relieved of liability for the tax if the transferee furnishes to such
person an affidavit that the transferee is not a disqualified organization and,
at the time of transfer, such person does not have actual knowledge that the
affidavit is false; and (iv) that the Class R Certificates may be a "noneconomic
residual interest" within the meaning of Treasury regulations promulgated
pursuant to the Code and that the transferor of a noneconomic residual interest
will remain liable for any taxes due with respect to the income on such residual
interest, if a significant purpose of the transfer was to enable the transferor
to impede the assessment or collection of tax.
4. That the Owner is aware of the tax imposed on a "pass-through
entity" holding the Class R Certificates if at any time during the taxable year
of the pass-through entity a disqualified organization is the record holder of
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an interest in such entity. (For this purpose, a "pass through entity" includes
a regulated investment company, a real estate investment trust or common trust
fund, a partnership, trust or estate, and certain cooperatives.)
5. That the Owner is aware that the Trustee will not register the
Transfer of the Class R Certificates unless the transferee, or the transferees'
agent, delivers to it an affidavit and agreement, among other things, in
substantially the same form as this affidavit and agreement. The Owner expressly
agrees that it will not consummate any such transfer if it knows or believes
that any of the representations contained in such affidavit and agreement are
false.
6. That the Owner has reviewed the restrictions set forth on the
face of the Class R Certificates and the provisions of Section 5.01 of the
Pooling Agreement under which the Class R Certificates were issued (in
particular, clauses (iii)(A) and (iii)(B) of Section 5.01(c) which authorize the
Trustee to deliver payments to a person other than the Owner and negotiate a
mandatory sale by the Trustee in the event the Owner holds such Certificates in
violation of Section 5.01). The Owner expressly agrees to be bound by and to
comply with such restrictions and provisions.
7. That the Owner consents to any additional restrictions or
arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificates will only be
owned, directly or indirectly, by an Owner that is not a disqualified
organization.
8. The Owner's Taxpayer Identification Number is _______________.
9. That no purpose of the Owner relating to the purchase of the
Class R Certificates by the Owner is or will be to enable the transferor to
impede the assessment or collection of tax.
10. That the Owner has no present knowledge or expectation that it
will be unable to pay any United States taxes owed by it so long as any of the
Certificates remain outstanding.
11. That the Owner has no present knowledge or expectation that it
will become insolvent or subject to a bankruptcy proceeding for so long as any
of the Certificates remain outstanding.
12. That no purpose of the Owner relating to any sale of the Class R
Certificates by the Owner will be to impede the assessment or collection of tax.
13. The Owner is a citizen or resident of the United States, a
corporation, partnership or other entity created or organized in, or under the
laws of, the United States or any political subdivision thereof, or an estate or
trust whose income from sources without the United States is includible in gross
income for United States federal income tax purposes regardless of its
connection with the conduct of a trade or business within the United States.
14. The Owner hereby agrees to cooperate with the Company and to take
any action required of it by the Code or Treasury regulations thereunder
(whether now or hereafter promulgated) in order to create or maintain the REMIC
status of the Trust Fund.
15. The Owner hereby agrees that it will not take any action that
could endanger the REMIC status of the Trust Fund or result in the imposition of
tax on the Trust Fund unless counsel for, or acceptable to, the Company has
provided an opinion that such action will not result in the loss of such REMIC
status or the imposition of such tax, as applicable.
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16. The Owner as transferee of the Class R Certificates has
represented to their transferor that, if the Class R Certificates constitute a
noneconomic residual interest, the Owner (i) understands that as holder of a
noneconomic residual interest it may incur tax liabilities in excess of any cash
flows generated by the interest, and (ii) intends to pay taxes associated with
its holding of the Class R Certificates as they become due.
IN WITNESS WHEREOF, the Owner has caused this instrument to be
executed on its behalf, pursuant to the authority of its Board of Directors, by
its [Title of Officer] and its corporate seal to be hereunto attached, attested
by its [Assistant] Secretary, this _________ day of _________________ , 19__.
[Name of Owner]
By: ______________________________
[Name of Officer]
[Title of Officer]
[Corporate Seal]
ATTEST:
[Assistant] Secretary
Personally appeared before me the above-named [Name of Officer], known or
proved to me to be the same person who executed the foregoing instrument and to
be the [Title of Officer] of the Owner, and Acknowledged to me that he executed
the same as his free act and deed and the free act and deed of the Owner.
Subscribed and sworn before me this ___ day of __________________, 19__.
NOTARY PUBLIC
COUNTY OF
STATE OF
My Commission expires the day
of _______________, 19__.
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Exhibit K
[Reserved]
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Exhibit L
[FORM OF RULE 144A INVESTMENT REPRESENTATION]
Description of Rule 144A Securities, including numbers:
______________________________
______________________________
______________________________
______________________________
The undersigned seller, as registered holder (the "Seller"), intends to
transfer the Rule 144A Securities described above to the undersigned buyer (the
"Buyer").
1. In connection with such transfer and in accordance with the agreements
pursuant to which the Rule 144A Securities were issued, the Seller hereby
certifies the following facts: Neither the Seller nor anyone acting on its
behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule
144A Securities, any interest in the Rule 144A Securities or any other similar
security to, or solicited any offer to buy or accept a transfer, pledge or other
disposition of the Rule 144A Securities, any interest in the Rule 144A
Securities or any other similar security from, or otherwise approached or
negotiated with respect to the Rule 144A Securities, any interest in the Rule
144A Securities or any other similar security with, any person in any manner, or
made any general solicitation by means of general advertising or in any other
manner, or taken any other action, that would constitute a distribution of the
Rule 144A Securities under the Securities Act of 1933, as amended (the "1933
Act"), or that would render the disposition of the Rule 144A Securities a
violation of Section 5 of the 1933 Act or require registration pursuant thereto,
and that the Seller has not offered the Rule 144A Securities to any person other
than the Buyer or another "qualified institutional buyer" as defined in Rule
144A under the 1933 Act.
2. The Buyer warrants and represents to, and covenants with, the Seller,
the Trustee and the Master Servicer (as defined in the Pooling and Servicing
Agreement (the "Agreement") dated as of February 1, 1998 between PNC Mortgage
Securities Corp., as Depositor and Master Servicer and U.S. Bank National
Association, as Trustee) pursuant to Section 5.01(f) of the Agreement, as
follows:
a. The Buyer understands that the Rule 144A Securities have not been
registered under the 1933 Act or the securities laws of any state.
b. The Buyer considers itself a substantial, sophisticated
institutional investor having such knowledge and experience in financial
and business matters that it is capable of evaluating the merits and risks
of investment in the Rule 144A Securities.
c. The Buyer has received and reviewed the Private Placement
Memorandum dated as of February __, 1998 relating to the Rule 144A
Securities and has been furnished with all information regarding the Rule
144A Securities that it has requested from the Seller, the Trustee, the
Company or the Master Servicer.
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d. Neither the Buyer nor anyone acting on its behalf has offered,
transferred, pledged, sold or otherwise disposed of the Rule 144A
Securities, any interest in the Rule 144A Securities or any other similar
security to, or solicited any offer to buy or accept a transfer, pledge or
other disposition of the Rule 144A Securities, any interest in the Rule
144A Securities or any other similar security from, or otherwise approached
or negotiated with respect to the Rule 144A Securities, any interest in the
Rule 144A Securities or any other similar security with, any person in any
manner, or made any general solicitation by means of general advertising or
in any other manner, or taken any other action, that would constitute a
distribution of the Rule 144A Securities under the 1933 Act or that would
render the disposition of the Rule 144A Securities a violation of Section 5
of the 1933 Act or require registration pursuant thereto, nor will it act,
nor has it authorized or will it authorize any person to act, in such
manner with respect to the Rule 144A Securities.
e. The Buyer is a "qualified institutional buyer" as that term is
defined in Rule 144A under the 1933 Act and has (1) completed either of the
forms of certification to that effect attached hereto as Annex 1 or Annex
2, or (2) obtained the waiver of the Company with respect to Annex 1 and
Annex 2 pursuant to Section 5.01(f) of the Agreement. The Buyer is aware
that the sale to it is being made in reliance on Rule 144A. The Buyer is
acquiring the Rule 144A Securities for its own account or the accounts of
other qualified institutional buyers, understands that such Rule 144A
Securities may be resold, pledged or transferred only (i) to a person
reasonably believed to be a qualified institutional buyer that purchases
for its own account or for the account of a qualified institutional buyer
to whom notice is given that the resale, pledge or transfer is being made
in reliance on Rule 144A, or (ii) pursuant to another exemption from
registration under the 1933 Act.
f. The Buyer is not affiliated with (i) the Trustee or (ii) any
Rating Agency that rated the Rule 144A Securities.
g. If applicable, the Buyer has complied, and will continue to
comply, with the guidelines established by Thrift Bulletin 12 issued
December 13, 1988, by the Office of Regulatory Activities of the Federal
Home Loan Bank System.
[Required only in the case of a transfer of a Subordinate Certificate] [3.
The Buyer warrants and represents to, and covenants with, the Trustee, the
Master Servicer and the Company that (1) the Buyer is not an employee benefit
plan (within the meaning of Section 3(3) of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA")), subject to the prohibited
transaction provisions of ERISA ("Plan"), or a plan (within the meaning of
Section 4975(e)(1) of the Internal Revenue Code of 1986 ("Code")) subject to
Section 4975 of the Code (also a "Plan"), and the Buyer is not directly or
indirectly purchasing the Rule 144A Securities on behalf of, as investment
manager of, as named fiduciary of, as trustee of, or with "plan assets" of any
Plan, (2) the Buyer's purchase of the Rule 144A Securities is permissible under
applicable law, will not constitute or result in a non-exempt prohibited
transaction under Section 406 of ERISA or Section 4975 of the Code and will not
subject the Trustee, the Master Servicer or the Company to any obligation or
liability (including obligations or liabilities under Section 406 of ERISA or
Section 4975 of the Code) in addition to those undertaken in this Agreement and
the Buyer has provided an Opinion of Counsel to such effect in accordance with
Section 5.01(d) of the Agreement or (3) the Buyer is an insurance company, the
source of funds to be used by it to purchase the Rule 144A Securities is an
"insurance company general account" (within the meaning of Department of Labor
Prohibited Transaction Class Exemption ("PTCE") 95-60), and the purchase is
being made in reliance upon the availability of the exemptive relief afforded
under Sections I and III of PTCE 95-60.]
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4. This document may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same document.
IN WITNESS WHEREOF, each of the parties has executed this document as of
the date set forth below.
___________________________________ ________________________________
Print Name of Seller Print Name of Buyer
By: ______________________________ By: _____________________________
Name: Name:
Title: Title:
Taxpayer Identification: __________ Taxpayer Identification: _____________
No.: _____________________________ No.: _________________________________
Date: _____________________________ Date: ________________________________
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<PAGE>
Annex 1 to Exhibit L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers Other Than Registered Investment Companies]
The undersigned hereby certifies as follows in connection with the Rule
144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President, Chief Financial
Officer, Senior Vice President or other executive officer of the Buyer.
2. In connection with purchases by the Buyer, the Buyer is a "qualified
institutional buyer" as that term is defined in Rule 144A under the Securities
Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested on a
discretionary basis $______________________(1) in securities (except for the
excluded securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A) and
(ii) the Buyer satisfies the criteria in the category marked below.
___ CORPORATION, ETC. The Buyer is a corporation (other than a bank,
savings and loan association or similar institution), Massachusetts or
similar business trust, partnership, or charitable organization described
in Section 501(c)(3) of the Internal Revenue Code.
___ BANK. The Buyer (a) is a national bank or banking institution
organized under the laws of any State, territory or the District of
Columbia, the business of which is substantially confined to banking and is
supervised by the State or territorial banking commission or similar
official or is a foreign bank or equivalent institution, and (b) has an
audited net worth of at least $25,000,000 as demonstrated in its latest
annual financial statements, a copy of which is attached hereto.
___ SAVINGS AND LOAN. The Buyer (a) is a savings and loan association,
building and loan association, cooperative bank, homestead association or
similar institution, which is supervised and examined by a State or Federal
authority having supervision over any such institutions or is a foreign
savings and loan association or equivalent institution and (b) has an
audited net worth of at least $25,000,000 as demonstrated in its latest
annual financial statements.
___ BROKER-DEALER. The Buyer is a dealer registered pursuant to Section 15
of the Securities Exchange Act of 1934.
___ INSURANCE COMPANY. The Buyer is an insurance company whose primary and
predominant business activity is the writing of insurance or the reinsuring
of risks underwritten by insurance companies and which is subject to
supervision by the insurance commissioner or a similar official or agency
of a State or territory or the District of Columbia.
___ STATE OR LOCAL PLAN. The Buyer is a plan established and maintained by
a State, its political subdivisions, or any agency or instrumentality of
the State or its political subdivisions, for the benefit of its employees.
___________________
(1) Buyer must own and/or invest on a discretionary basis at lest
$100,000,000 in securities unless Buyer is a dealer, and, in that case, Buyer
must own and/or invest on a discretionary basis at least $10,000,000 in
securities.
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<PAGE>
___ ERISA PLAN. The Buyer is an employee benefit plan within the meaning
of Section 3(3) of the Employee Retirement Income Security Act of 1974, as
amended ("ERISA") and is subject to the fiduciary responsibility provisions
of ERISA.
___ INVESTMENT ADVISER. The Buyer is an investment adviser registered
under the Investment Advisers Act of 1940.
___ SBIC. The Buyer is a Small Business Investment Company licensed by the
U.S. Small Business Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958.
___ BUSINESS DEVELOPMENT COMPANY. The Buyer is a business development
company as defined in Section 202(a)(22) of the Investment Advisers Act of
1940.
___ TRUST FUND. The Buyer is a trust fund whose trustee is a bank or trust
company and whose participants are exclusively (a) plans established and
maintained by a State, its political subdivisions, or any agency or
instrumentality of the State or its political subdivisions, for the benefit
of its employees, or (b) employee benefit plans within the meaning of Title
I of the Employee Retirement Income Security Act of 1974, but is not a
trust fund that includes as participants individual retirement accounts or
H.R. 10 plans.
3. The term "SECURITIES" as used herein DOES NOT INCLUDE (i) securities
of issuers that are affiliated with the Buyer, (ii) securities that are part of
an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer,
(iii) bank deposit notes and certificates of deposit, (iv) loan participations,
(v) repurchase agreements, (vi) securities owned but subject to a repurchase
agreement and (vii) currency, interest rate and commodity swaps.
4. For purposes of determining the aggregate amount of securities owned
and/or invested on a discretionary basis by the Buyer, the Buyer used the cost
of such securities to the Buyer and did not include any of the securities
referred to in the preceding paragraph. Further, in determining such aggregate
amount, the Buyer may have included securities owned by subsidiaries of the
Buyer, but only if such subsidiaries are consolidated with the Buyer in its
financial statements prepared in accordance with generally accepted accounting
principles and if the investments of such subsidiaries are managed under the
Buyer's direction. However, such securities were not included if the Buyer is a
majority-owned, consolidated subsidiary of another enterprise and the Buyer is
not itself a reporting company under the Securities Exchange Act of 1934.
5. The Buyer acknowledges that it is familiar with Rule 144A and
understands that the seller to it and other parties related to the Certificates
are relying and will continue to rely on the statements made herein because one
or more sales to the Buyer may be in reliance on Rule 144A.
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<PAGE>
____ _____ Will the Buyer be purchasing the Rule 144A
Yes No Securities only for the Buyer's own account?
6. If the answer to the foregoing question is "no", the Buyer agrees
that, in connection with any purchase of securities sold to the Buyer for the
account of a third party (including any separate account) in reliance on
Rule 144A, the Buyer will only purchase for the account of a third party that at
the time is a "qualified institutional buyer" within the meaning of Rule 144A.
In addition, the Buyer agrees that the Buyer will not purchase securities for a
third party unless the Buyer has obtained a current representation letter from
such third party or taken other appropriate steps contemplated by Rule 144A to
conclude that such third party independently meets the definition of "qualified
institutional buyer" set forth in Rule 144A.
7. The Buyer will notify each of the parties to which this certification
is made of any changes in the information and conclusions herein. Until such
notice is given, the Buyer's purchase of Rule 144A Securities will constitute a
reaffirmation of this certification as of the date of such purchase.
_________________________________________
Print Name of Buyer
By: _____________________________________
Name:
Title:
Date: ___________________________________
L-1-3
<PAGE>
ANNEX 2 TO EXHIBIT L
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Buyers That Are Registered Investment Companies]
The undersigned hereby certifies as follows in connection with the Rule
144A Investment Representation to which this Certification is attached:
1. As indicated below, the undersigned is the President, Chief Financial
Officer or Senior Vice President of the Buyer or, if the Buyer is a "qualified
institutional buyer" as that term is defined in Rule 144A under the Securities
Act of 1933 ("Rule 144A") because Buyer is part of a Family of Investment
Companies (as defined below), is such an officer of the Adviser.
2. In connection with purchases by Buyer, the Buyer is a "qualified
institutional buyer" as defined in SEC Rule 144A because (i) the Buyer is an
investment company registered under the Investment Company Act of 1940, and (ii)
as marked below, the Buyer alone, or the Buyer's Family of Investment Companies,
owned at least $100,000,000 in securities (other than the excluded securities
referred to below) as of the end of the Buyer's most recent fiscal year. For
purposes of determining the amount of securities owned by the Buyer or the
Buyer's Family of Investment Companies, the cost of such securities was used.
____ The Buyer owned $___________________ in securities (other than the
excluded securities referred to below) as of the end of the Buyer's most
recent fiscal year (such amount being calculated in accordance with Rule
144A).
____ The Buyer is part of a Family of Investment Companies which owned in
the aggregate $______________ in securities (other than the excluded
securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A).
3. The term "FAMILY OF INVESTMENT COMPANIES" as used herein means two or
more registered investment companies (or series thereof) that have the same
investment adviser or investment advisers that are affiliated (by virtue of
being majority owned subsidiaries of the same parent or because one investment
adviser is a majority owned subsidiary of the other).
4. The term "SECURITIES" as used herein does not include (i) securities
of issuers that are affiliated with the Buyer or are part of the Buyer's Family
of Investment Companies, (ii) bank deposit notes and certificates of deposit,
(iii) loan participations, (iv) repurchase agreements, (v) securities owned but
subject to a repurchase agreement and (vi) currency, interest rate and commodity
swaps.
5. The Buyer is familiar with Rule 144A and understands that each of the
parties to which this certification is made are relying and will continue to
rely on the statements made herein because one or more sales to the Buyer will
be in reliance on Rule 144A. In addition, the Buyer will only purchase for the
Buyer's own account.
6. The undersigned will notify each of the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice, the Buyer's purchase of Rule 144A Securities will constitute
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<PAGE>
a reaffirmation of this certification by the undersigned as of the date of such
purchase.
_____________________________________
Print Name of Buyer
By: _________________________________
Name:
Title:
Date: _______________________________
IF AN ADVISER:
_____________________________________
Print Name of Buyer
By: _________________________________
Name:
Title:
Date: _______________________________
(SEAL)
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<PAGE>
Exhibit M
[Date]
[Company]
Re: Pooling and Servicing Agreement dated as of February 1, 1998 by
and between PNC Mortgage Securities Corp., as Depositor and
Master Servicer, and U.S. Bank National Association, as Trustee,
relating to PNC Mortgage Securities Corp. Mortgage Pass-Through
Certificates, Series 1998-2
Ladies and Gentlemen:
In accordance with Section 2.02 of the above-captioned Pooling and
Servicing Agreement, the undersigned, as Trustee, hereby certifies that,
except as noted on the attachment hereto, as to each Mortgage Loan listed in
the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or
listed on the attachment hereto) it or the Custodian on its behalf has
reviewed the documents delivered to it or to the Custodian on its behalf
pursuant to Section 2.01 of the Pooling and Servicing Agreement and has
determined that (i) all documents required (in the case of instruments
described in clauses (X)(vi) and (Y)(x) of the definition of "Mortgage File,"
known by the Trustee to be required) pursuant to the third paragraph of
Section 2.01 of the Pooling and Servicing Agreement have been executed and
received as of the date hereof are in its possession or in the possession of
the Custodian on its behalf and (ii) all such documents have been executed
and relate to the Mortgage Loans identified in the Mortgage Loan Schedule.
The Trustee has made no independent examination of such documents beyond the
review specifically required in the above referenced Pooling and Servicing
Agreement and has relied upon the purported genuineness and due execution of
any such documents and upon the purported genuineness of any signature
thereon. The Trustee makes no representations as to: (i) the validity,
legality, enforceability or genuineness of any of the documents contained in
each Mortgage File or any of the Mortgage Loans identified on the Mortgage
Loan Schedule, or (ii) the collectability, insurability, effectiveness or
suitability of any such Mortgage Loan.
Capitalized words and phrases used herein shall have the respective
meanings assigned to them in the above-captioned Pooling and Servicing
Agreement.
____________________________________
as Trustee
By: ________________________________
Name:
Title:
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EXHIBIT N
[Reserved]
N-1
<PAGE>
EXHIBIT O
[Reserved]
O-1
